Invesco said it had Q1 2024 net long-term inflows of $6.3 billion, driven mainly by ETFs and Index, Fundamental Fixed Income and Private Markets. The company said its ending AUM grew 12% year-over-year.

1. 01

   Invesco said it had Q1 2024 net long-term inflows of $6.3 billion, driven mainly by ETFs and Index, Fundamental Fixed Income and Private Markets. The company said its ending AUM grew 12% year-over-year.

2. 02

   The company said it redeemed $600.0 million of senior notes on Q1 2024 and drew a net $367.6 million under its credit agreement. It said it expects the credit agreement balance to be maintained through the second half of 2024.

3. 03

   The company said its cash and cash equivalents fell by $573.5 million, from $1,469.2 million on December 31, 2023 to $895.7 million on March 31, 2024. Its debt carrying value went from $1,489.5 million on December 31, 2023 to $1,257.5 million on March 31, 2024.

4. 04

   The company said its Board approved raising the quarterly dividend from $0.20 to $0.205 per share and declared a $0.205 per share dividend on April 23, 2024. It said financing cash outflows in Q1 2024 included $90.2 million in common share dividends and $59.2 million in preferred share dividends.

Key figures

Quarter ended March 31, 2024

Revenue

$1.5B

Operating income

$213M

Net income

$142M

EPS

$0.31

Operating cash flow

−$54M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.