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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues:        
Total operating revenues $ 1,750.0 $ 1,497.6 $ 5,131.1 $ 4,515.5
Operating expenses:        
Third-party distribution, service and advisory 546.4 480.8 1,608.8 1,439.9
Employee compensation 476.7 444.5 1,452.9 1,321.0
Marketing 20.3 15.6 60.6 62.7
Property, office and technology 134.2 127.5 390.7 386.2
General and administrative 105.0 89.7 304.9 384.9
Transaction, integration and restructuring (12.0) 55.3 (13.3) 171.4
Amortization of intangibles 15.6 15.7 47.5 46.8
Total operating expenses 1,286.2 1,229.1 3,852.1 3,812.9
Operating income 463.8 268.5 1,279.0 702.6
Other income/(expense):        
Equity in earnings of unconsolidated affiliates 54.6 18.6 119.3 46.7
Interest and dividend income 1.9 2.6 3.6 11.4
Interest expense (23.1) (33.8) (71.5) (104.9)
Other gains and losses, net (12.1) 31.5 65.4 (15.0)
Other income/(expense) of CIP, net 200.2 99.2 416.9 28.6
Income before income taxes 685.3 386.6 1,812.7 669.4
Income tax provision (139.7) (91.9) (400.4) (192.7)
Net income 545.6 294.7 1,412.3 476.7
Net (income)/loss attributable to noncontrolling interests in consolidated entities (156.3) (43.8) (268.5) 14.6
Dividends declared on preferred shares (59.2) (59.2) (177.6) (177.6)
Net income attributable to Invesco Ltd. $ 330.1 $ 191.7 $ 966.2 $ 313.7
Earnings per common share:        
- basic (usd per share) $ 0.71 $ 0.42 $ 2.09 $ 0.68
- diluted (usd per share) $ 0.71 $ 0.41 $ 2.08 $ 0.68
Investment management fees        
Operating revenues:        
Total operating revenues $ 1,275.5 $ 1,096.8 $ 3,729.5 $ 3,302.2
Service and distribution fees        
Operating revenues:        
Total operating revenues 409.1 352.7 1,191.2 1,051.2
Performance fees        
Operating revenues:        
Total operating revenues 4.8 0.0 22.0 8.3
Other        
Operating revenues:        
Total operating revenues $ 60.6 $ 48.1 $ 188.4 $ 153.8