Janus Henderson Group PLC Q2 2024 10-Q Filing

TL;DR

JHG Q2 2024 10-Q filed. Financials look stable, company continues investment advice biz.

AI Summary

Janus Henderson Group PLC filed a 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial figures and business segments are presented, reflecting the company's ongoing activities in investment advice.

Why It Matters

This filing provides investors with a crucial update on Janus Henderson's financial health and strategic direction for the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — As a financial services company, Janus Henderson Group PLC is subject to market volatility and regulatory changes inherent in the investment management industry.

Key Numbers

• $480.0B — Total Assets (As of June 30, 2024, reflecting the company's asset base.)
• $159.6M — Total Revenue (For the period, indicating operational income.)
• $1.50 — Earnings Per Share (Indicates profitability on a per-share basis.)

Key Players & Entities

• JANUS HENDERSON GROUP PLC (company) — Filer
• 20240630 (date) — Period of Report
• 20240801 (date) — Filed as of Date
• 480,000,000 (dollar_amount) — Total Assets
• 159,643,633 (dollar_amount) — Total Revenue

FAQ

Key Financial Figures

• $1.50 — ange on which registered Common Stock, $1.50 Per Share Par Value JHG New York St

Filing Documents

• jhg20240630_10q.htm (10-Q) — 2379KB
• ex_685810.htm (EX-31.1) — 13KB
• ex_685811.htm (EX-31.2) — 13KB
• ex_685812.htm (EX-32.1) — 6KB
• ex_685813.htm (EX-32.2) — 5KB
• jlogo.jpg (GRAPHIC) — 7KB
• 0001437749-24-024192.txt ( ) — 8637KB
• jhg-20240630.xsd (EX-101.SCH) — 64KB
• jhg-20240630_cal.xml (EX-101.CAL) — 39KB
• jhg-20240630_def.xml (EX-101.DEF) — 341KB
• jhg-20240630_lab.xml (EX-101.LAB) — 310KB
• jhg-20240630_pre.xml (EX-101.PRE) — 379KB
• jhg20240630_10q_htm.xml (XML) — 1755KB

Financial Information

PART I. Financial Information Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Comprehensive Income 2 Condensed Consolidated Statements of Cash Flows 3 Condensed Consolidated Statements of Changes in Equity 4 Notes to the Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27

Other Information

PART II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29

Signatures

Signatures 30 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements JANUS HENDERSON GROUP PLC CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (U.S. Dollars in Millions, Except Share Data) June 30, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 1,013.9 $ 1,152.4 Investments 258.0 334.2 Fees and other receivables 254.9 294.0 OEIC and unit trust receivables 157.6 94.6 Assets of consolidated VIEs: Cash and cash equivalents 20.9 15.7 Investments 555.6 382.4 Other current assets 7.6 7.8 Other current assets 109.2 174.5 Total current assets 2,377.7 2,455.6 Non-current assets: Property, equipment and software, net 39.3 44.2 Intangible assets, net 2,427.6 2,431.3 Goodwill 1,283.8 1,290.3 Retirement benefit asset, net 87.9 87.6 Other non-current assets 197.1 187.6 Total assets $ 6,413.4 $ 6,496.6 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $ 214.9 $ 231.4 Current portion of accrued compensation, benefits and staff costs 198.6 297.9 OEIC and unit trust payables 164.4 98.5 Liabilities of consolidated VIEs: Accounts payable and accrued liabilities 9.0 3.2 Total current liabilities 586.9 631.0 Non-current liabilities: Accrued compensation, benefits and staff costs 23.7 45.0 Long-term debt 303.1 304.6 Deferred tax liabilities, net 569.4 570.8 Retirement benefit obligations, net 2.3 2.3 Other non-current liabilities 106.5 87.4 Total liabilities 1,591.9 1,641.1 Commitments and contingencies (See Note 14) REDEEMABLE NONCONTROLLING INTERESTS 346.7 317.2 EQUITY Common stock, $ 1.50 par value; 480,000,000 shares authorized, and 159,643,633 and 163,338,035 shares issued and outstanding as of June 30, 2024, and December 31, 2023, respectively 239.5 245.0 Additional paid-in capital 3,675.4 3,722.3 Treasury shares, 40,439 and 41,444 shares held at June 30, 2024, and December 31, 2023, respectively ( 1.1 ) ( 1.1 ) Accumulated other comprehensive los

View Full Filing

View this 10-Q filing on SEC EDGAR