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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Total operating revenues $ 1,442.8 $ 1,530.4 $ 2,861.0 $ 3,159.8
Operating expenses:        
Third-party distribution, service and advisory 462.5 475.0 917.6 987.6
Employee compensation 475.7 407.2 938.5 840.1
Marketing 29.0 33.8 54.0 55.5
Property, office and technology 137.1 135.0 271.5 267.0
General and administrative 121.6 119.7 197.3 221.9
Transaction, integration and restructuring 0.0 0.2 41.6 35.4
Amortization of intangibles 13.1 14.8 27.2 29.9
Total operating expenses 1,239.0 1,185.7 2,447.7 2,437.4
Operating income 203.8 344.7 413.3 722.4
Other income/(expense):        
Equity in earnings of unconsolidated affiliates 19.2 24.7 45.3 58.1
Interest and dividend income 7.1 2.1 15.7 3.3
Interest expense (18.4) (25.8) (36.4) (49.0)
Other gains/(losses), net 20.9 (90.0) 48.3 (135.5)
Other income/(expense) of CIP, net (2.7) 26.2 (20.6) 2.9
Income before income taxes 229.9 281.9 465.6 602.2
Income tax provision (65.5) (63.0) (135.4) (145.8)
Net income 164.4 218.9 330.2 456.4
Net (income)/loss attributable to noncontrolling interests in consolidated entities 27.0 (38.7) 65.4 (19.3)
Dividends declared on preferred shares (59.2) (59.2) (118.4) (118.4)
Net income attributable to Invesco Ltd. $ 132.2 $ 121.0 $ 277.2 $ 318.7
Earnings per common share:        
Basic (usd per share) $ 0.29 $ 0.27 $ 0.61 $ 0.70
Diluted (usd per share) $ 0.29 $ 0.26 $ 0.60 $ 0.69
Investment management fees        
Operating revenues:        
Total operating revenues $ 1,033.5 $ 1,113.5 $ 2,061.4 $ 2,294.0
Service and distribution fees        
Operating revenues:        
Total operating revenues 342.3 353.8 676.5 732.8
Performance fees        
Operating revenues:        
Total operating revenues 19.6 9.2 25.2 10.2
Other        
Operating revenues:        
Total operating revenues $ 47.4 $ 53.9 $ 97.9 $ 122.8