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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:        
Total operating revenues $ 1,419.0 $ 1,439.4 $ 3,017.9 $ 2,654.0
Operating expenses:        
Third-party distribution, service and advisory 444.0 451.8 959.1 819.8
Employee compensation 454.6 421.9 876.5 803.2
Marketing 14.4 33.4 47.1 61.4
Property, office and technology 128.3 114.9 258.7 222.1
General and administrative 188.9 94.2 295.2 178.0
Transaction, integration, and restructuring 71.7 304.9 147.2 351.0
Total operating expenses 1,301.9 1,421.1 2,583.8 2,435.5
Operating income 117.1 18.3 434.1 218.5
Other income/(expense):        
Equity in earnings of unconsolidated affiliates 11.2 12.1 28.1 27.1
Interest and dividend income 2.4 3.9 8.8 8.6
Interest expense (34.8) (33.0) (71.1) (66.1)
Other gains and losses, net 60.0 24.1 (46.5) 55.2
Other income/(expense) of CIP, net (50.5) 51.1 (70.6) 90.0
Income before income taxes 105.4 76.5 282.8 333.3
Income tax provision (43.4) (14.5) (100.8) (80.7)
Net income 62.0 62.0 182.0 252.6
Net (income)/loss attributable to noncontrolling interests in consolidated entities 37.7 (21.9) 58.4 (34.8)
Dividends declared on preferred shares (59.2) 0.0 (118.4) 0.0
Net income attributable to Invesco Ltd. $ 40.5 $ 40.1 $ 122.0 $ 217.8
Earnings per common share:        
- basic (usd per share) $ 0.09 $ 0.09 $ 0.27 $ 0.52
- diluted (usd per share) $ 0.09 $ 0.09 $ 0.26 $ 0.52
Investment management fees        
Operating revenues:        
Total operating revenues $ 1,037.1 $ 1,071.3 $ 2,205.4 $ 1,995.0
Service and distribution fees        
Operating revenues:        
Total operating revenues 332.7 294.1 698.5 513.4
Performance fees        
Operating revenues:        
Total operating revenues 3.5 15.7 8.3 37.5
Other        
Operating revenues:        
Total operating revenues $ 45.7 $ 58.3 $ 105.7 $ 108.1