The company said it reported a GAAP operating loss of $(1,075.8) million and diluted EPS of $(1.64) for Q4 2023, and that fourth-quarter diluted EPS was affected by a $1,248.9 million intangible impairment charge.

1. 01

   The company said it reported a GAAP operating loss of $(1,075.8) million and diluted EPS of $(1.64) for Q4 2023, and that fourth-quarter diluted EPS was affected by a $1,248.9 million intangible impairment charge.

2. 02

   The company reported adjusted operating income of $275.4 million for Q4 2023 ($309.2 million in the prior quarter), an adjusted operating margin of 26.3% (28.2% in the prior quarter), and adjusted diluted EPS of $0.47. It said the adjusted operating margin was not affected by the intangible impairment.

3. 03

   The company reported net long-term inflows of $6.7 billion for Q4 2023 ($2.6 billion in the prior quarter) and ending AUM of $1,585.3 billion, which increased 6.6% from the prior quarter.

4. 04

   The company said cash and cash equivalents were $1,469.2 million, debt was $1,489.5 million, and net debt was $20.3 million as of December 31, 2023. Net debt was $247.6 million as of September 30, 2023.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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