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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues:        
Total operating revenues $ 1,721.4 $ 1,419.0 $ 3,381.1 $ 3,017.9
Operating expenses:        
Third-party distribution, service and advisory 539.6 444.0 1,062.4 959.1
Employee compensation 487.0 454.6 976.2 876.5
Marketing 24.5 14.4 40.3 47.1
Property, office and technology 127.2 128.3 256.5 258.7
General and administrative 103.3 188.9 199.9 295.2
Transaction, integration and restructuring (47.1) 56.5 (1.3) 116.1
Amortization of intangibles 16.0 15.2 31.9 31.1
Total operating expenses 1,250.5 1,301.9 2,565.9 2,583.8
Operating income 470.9 117.1 815.2 434.1
Other income/(expense):        
Equity in earnings of unconsolidated affiliates 37.2 11.2 64.7 28.1
Interest and dividend income 0.4 2.4 1.7 8.8
Interest expense (24.6) (34.8) (48.4) (71.1)
Other gains and losses, net 43.4 60.0 77.5 (46.5)
Other income/(expense) of CIP, net 122.0 (50.5) 216.7 (70.6)
Income before income taxes 649.3 105.4 1,127.4 282.8
Income tax provision (154.2) (43.4) (260.7) (100.8)
Net income 495.1 62.0 866.7 182.0
Net (income)/loss attributable to noncontrolling interests in consolidated entities (67.6) 37.7 (112.2) 58.4
Dividends declared on preferred shares (59.2) (59.2) (118.4) (118.4)
Net income attributable to Invesco Ltd. $ 368.3 $ 40.5 $ 636.1 $ 122.0
Earnings per common share:        
- basic (usd per share) $ 0.80 $ 0.09 $ 1.38 $ 0.27
- diluted (usd per share) $ 0.79 $ 0.09 $ 1.37 $ 0.26
Investment management fees        
Operating revenues:        
Total operating revenues $ 1,247.4 $ 1,037.1 $ 2,454.0 $ 2,205.4
Service and distribution fees        
Operating revenues:        
Total operating revenues 401.0 332.7 782.1 698.5
Performance fees        
Operating revenues:        
Total operating revenues 10.5 3.5 17.2 8.3
Other        
Operating revenues:        
Total operating revenues $ 62.5 $ 45.7 $ 127.8 $ 105.7