XML 63 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating revenues:        
Investment management fees $ 818.0 $ 779.5 $ 2,390.0 $ 2,390.9
Service and distribution fees 196.1 189.1 572.2 599.2
Performance fees 3.0 2.6 38.9 14.0
Other 24.3 26.6 83.0 91.0
Total operating revenues 1,041.4 997.8 3,084.1 3,095.1
Operating expenses:        
Employee compensation 330.9 305.5 954.0 929.7
Third-party distribution, service and advisory 327.2 314.4 960.9 980.7
Marketing 26.4 13.1 79.7 64.9
Property, office and technology 69.1 62.7 204.4 188.6
General and administrative 68.8 69.6 230.8 220.8
Transaction and integration 3.0 4.7 5.6 23.9
Total operating expenses 825.4 770.0 2,435.4 2,408.6
Operating income 216.0 227.8 648.7 686.5
Other income/(expense):        
Equity in earnings of unconsolidated affiliates 5.2 8.1 21.8 25.6
Interest and dividend income 2.5 3.8 7.1 8.3
Interest income of consolidated investment products 68.7 79.6 206.4 233.6
Other gains/(losses) of consolidated investment products, net (25.2) (93.1) (69.9) (243.3)
Interest expense (12.6) (15.3) (39.6) (47.5)
Interest expense of consolidated investment products (41.9) (48.7) (134.4) (135.2)
Other gains and losses, net 18.4 (19.7) 29.3 (5.8)
Income before income taxes 231.1 142.5 669.4 522.2
Income tax provision (74.2) (59.1) (210.1) (210.1)
Net income 156.9 83.4 459.3 312.1
Net (income)/loss attributable to noncontrolling interests in consolidated entities, net 13.7 83.5 59.1 215.3
Net income attributable to common shareholders $ 170.6 $ 166.9 $ 518.4 $ 527.4
Earnings per share:        
- basic $ 0.38 $ 0.36 $ 1.14 $ 1.13
- diluted $ 0.38 $ 0.36 $ 1.14 $ 1.13
Dividends declared per share $ 0.1725 $ 0.1225 $ 0.4675 $ 0.3550