Company Quick10K Filing
Invesco
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 470 $9,697
10-Q 2019-10-23 Quarter: 2019-09-30
10-Q 2019-07-25 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-22 Annual: 2018-12-31
10-Q 2018-10-24 Quarter: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-10-26 Quarter: 2017-09-30
10-Q 2017-07-27 Quarter: 2017-06-30
10-Q 2017-04-27 Quarter: 2017-03-31
10-K 2017-02-23 Annual: 2016-12-31
10-Q 2016-10-27 Quarter: 2016-09-30
10-Q 2016-07-28 Quarter: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-02-21 Annual: 2013-12-31
10-Q 2013-11-06 Quarter: 2013-09-30
10-Q 2013-07-31 Quarter: 2013-06-30
10-Q 2013-04-30 Quarter: 2013-03-31
10-K 2013-02-22 Annual: 2012-12-31
10-Q 2012-11-01 Quarter: 2012-09-30
10-Q 2012-08-01 Quarter: 2012-06-30
10-Q 2012-05-02 Quarter: 2012-03-31
10-K 2012-02-24 Annual: 2011-12-31
10-Q 2011-10-28 Quarter: 2011-09-30
10-Q 2011-07-29 Quarter: 2011-06-30
10-Q 2011-04-29 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-11-02 Quarter: 2010-09-30
10-Q 2010-08-02 Quarter: 2010-06-30
10-Q 2010-05-04 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2020-01-13 Regulation FD, Exhibits
8-K 2019-12-10 Regulation FD, Exhibits
8-K 2019-11-11 Regulation FD, Exhibits
8-K 2019-10-23
8-K 2019-10-09 Regulation FD, Exhibits
8-K 2019-09-12 Regulation FD, Exhibits
8-K 2019-08-13 Regulation FD, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-07-11 Regulation FD, Exhibits
8-K 2019-06-12 Regulation FD, Exhibits
8-K 2019-05-24 Enter Agreement, M&A, Sale of Shares, Officers, Other Events, Exhibits
8-K 2019-05-10 Regulation FD, Exhibits
8-K 2019-05-09 Officers, Shareholder Vote, Other Events
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-10 Regulation FD, Exhibits
8-K 2019-03-11 Regulation FD, Exhibits
8-K 2019-02-12 Regulation FD, Exhibits
8-K 2019-01-30 Earnings, Exhibits
8-K 2019-01-11 Regulation FD, Exhibits
8-K 2018-12-12 Regulation FD, Exhibits
8-K 2018-11-20 Officers
8-K 2018-11-13 Regulation FD, Exhibits
8-K 2018-10-18 Earnings, Exhibits
8-K 2018-10-17 Regulation FD, Exhibits
8-K 2018-10-17 Enter Agreement, Sale of Shares
8-K 2018-10-10 Regulation FD, Exhibits
8-K 2018-09-13 Regulation FD, Exhibits
8-K 2018-08-10 Regulation FD, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-12 Regulation FD, Exhibits
8-K 2018-06-12 Regulation FD, Exhibits
8-K 2018-06-04 Regulation FD, Exhibits
8-K 2018-05-10 Regulation FD, Exhibits
8-K 2018-05-10 Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-11 Regulation FD, Exhibits
8-K 2018-04-06 Regulation FD, Exhibits
8-K 2018-03-28 Regulation FD
8-K 2018-03-13 Regulation FD, Exhibits
8-K 2018-02-13 Regulation FD, Exhibits
8-K 2018-01-31 Earnings, Exhibits
8-K 2018-01-11 Regulation FD, Exhibits
IVZ 2019-09-30
Part I. Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 ivz3q2019ex311.htm
EX-31.2 ivz3q2019ex312.htm
EX-32.1 ivz3q2019ex321.htm
EX-32.2 ivz3q2019ex322.htm

Invesco Earnings 2019-09-30

IVZ 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
IVZ 9,697 38,501 23,805 5,252 0 648 1,402 10,618 0% 7.6 2%
OAK 7,913 10,679 7,162 1,415 0 567 787 7,721 0% 9.8 5%
APO 6,711 7,348 4,807 1,717 0 833 979 8,031 0% 8.2 11%
MORN 6,229 1,572 569 1,057 635 175 329 5,845 60% 17.7 11%
AMG 5,347 7,728 3,175 2,301 0 150 283 6,779 0% 23.9 2%
EV 4,901 4,219 2,743 1,680 0 422 615 4,811 0% 7.8 10%
JHG 4,080 6,860 1,886 2,182 0 418 642 3,667 0% 5.7 6%
LAZ 4,066 5,507 4,790 2,658 0 393 620 3,505 0% 5.7 7%
EVR 3,835 1,940 965 2,116 0 427 635 3,450 0% 5.4 22%
LM 3,111 7,846 3,450 2,861 0 221 171 4,831 0% 28.3 3%

Document
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 1-13908
invescologoa02a03a04a01a03.gif
Invesco Ltd.
(Exact Name of Registrant as Specified in Its Charter)
Bermuda
 
98-0557567
(State or Other Jurisdiction of Incorporation or Organization)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
 
1555 Peachtree Street, N.E.,
Suite 1800,
Atlanta,
GA
 
30309
(Address of Principal Executive Offices)
 
(Zip Code)

(404) 892-0896
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, $.20 par value
IVZ
New York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
Accelerated filer
 
Non-accelerated filer
 
Smaller reporting company
 
 
 
 
 
 
 
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes No
As of September 30, 2019, the most recent practicable date, the number of Common Shares outstanding was 453,893,875.

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TABLE OF CONTENTS
We include cross references to captions elsewhere in this Quarterly Report on Form 10-Q, which we refer to as this “Report,” where you can find related additional information. The following table of contents tells you where to find these captions.
 
 
 
Page
TABLE OF CONTENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


2


Table of Contents    
    

                                    

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Invesco Ltd.
Condensed Consolidated Balance Sheets
(Unaudited)

 
As of
$ in millions, except per share data
September 30, 2019
 
December 31, 2018
ASSETS
 
 
 
Cash and cash equivalents
1,048.6

 
1,147.7

Unsettled fund receivables
302.5

 
191.3

Accounts receivable
722.4

 
604.0

Investments
847.0

 
613.5

Assets of consolidated investment products (CIP):
 
 
 
Cash and cash equivalents of CIP
485.7

 
657.7

Accounts receivable and other assets of CIP
166.4

 
110.8

Investments of CIP
7,041.7

 
6,213.5

Assets held for policyholders
10,442.4

 
11,384.8

Prepaid assets
137.2

 
127.1

Other assets
475.2

 
126.1

Property, equipment and software, net
552.3

 
468.7

Intangible assets, net
7,339.5

 
2,176.1

Goodwill
8,330.5

 
7,157.1

Total assets
37,891.4

 
30,978.4

LIABILITIES
 
 
 
Accrued compensation and benefits
851.0

 
646.5

Accounts payable and accrued expenses
1,896.5

 
1,087.2

Liabilities of CIP:
 
 
 
Debt of CIP
5,484.3

 
5,226.0

Other liabilities of CIP
757.8

 
387.6

Policyholder payables
10,442.4

 
11,384.8

Unsettled fund payables
280.1

 
178.7

Long-term debt
2,296.6

 
2,408.8

Deferred tax liabilities, net
1,523.1

 
326.4

Total liabilities
23,531.8

 
21,646.0

Commitments and contingencies (See Note 13)


 


TEMPORARY EQUITY
 
 
 
Redeemable noncontrolling interests in consolidated entities
398.0

 
396.2

PERMANENT EQUITY
 
 
 
Equity attributable to Invesco Ltd.:
 
 
 
Preferred shares ($0.20 par value; $1,000 liquidation preference; 4.0 million authorized, issued and outstanding as of September 30, 2019)
4,010.5

 

Common shares ($0.20 par value; 1,050.0 million authorized; 566.1 million and 490.4 million shares issued as of September 30, 2019 and December 31, 2018, respectively)
113.2

 
98.1

Additional paid-in-capital
7,822.8

 
6,334.8

Treasury shares
(3,449.0
)
 
(3,003.6
)
Retained earnings
5,880.0

 
5,884.5

Accumulated other comprehensive income/(loss), net of tax
(804.3
)
 
(735.0
)
Total equity attributable to Invesco Ltd.
13,573.2

 
8,578.8

Equity attributable to nonredeemable noncontrolling interests in consolidated entities
388.4

 
357.4

Total permanent equity
13,961.6

 
8,936.2

Total liabilities, temporary and permanent equity
37,891.4

 
30,978.4

See accompanying notes.

3


Table of Contents    
    

                                    

Invesco Ltd.
Condensed Consolidated Statements of Income
(Unaudited)

 
Three months ended September 30,
 
Nine months ended September 30,
$ in millions, except per share data
2019
 
2018
 
2019
 
2018
Operating revenues:
 
 
 
 
 
 
 
Investment management fees
1,257.1

 
1,038.9

 
3,252.1

 
3,133.1

Service and distribution fees
385.1

 
248.0

 
898.5

 
737.0

Performance fees
14.9

 
7.9

 
52.4

 
28.6

Other
63.5

 
47.0

 
171.6

 
159.5

Total operating revenues
1,720.6

 
1,341.8

 
4,374.6

 
4,058.2

Operating expenses:
 
 
 
 
 
 
 
Third-party distribution, service and advisory
545.1

 
408.0

 
1,364.9

 
1,236.0

Employee compensation
446.0

 
380.7

 
1,249.2

 
1,145.1

Marketing
33.2

 
33.4

 
94.6

 
93.5

Property, office and technology
131.2

 
103.7

 
353.3

 
302.5

General and administrative
104.5

 
60.8

 
282.5

 
231.5

Transaction, integration, and restructuring
185.5

 
33.1

 
536.5

 
75.1

Total operating expenses
1,445.5

 
1,019.7

 
3,881.0

 
3,083.7

Operating income
275.1

 
322.1

 
493.6

 
974.5

Other income/(expense):
 
 
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
19.8

 
11.8

 
46.9

 
28.8

Interest and dividend income
5.9

 
4.0

 
14.5

 
11.0

Interest expense
(35.0
)
 
(29.6
)
 
(101.1
)
 
(82.3
)
Other gains and losses, net
13.8

 
5.9

 
69.0

 
1.9

Other income/(expense) of CIP, net
37.0

 
28.1

 
127.0

 
56.2

Income before income taxes
316.6

 
342.3

 
649.9

 
990.1

Income tax provision
(74.0
)
 
(61.1
)
 
(154.7
)
 
(201.8
)
Net income
242.6

 
281.2

 
495.2

 
788.3

Net (income)/loss attributable to noncontrolling interests in consolidated entities
(11.1
)
 
(11.6
)
 
(45.9
)
 
(19.7
)
Less: Dividends declared on preferred shares
(64.4
)
 

 
(64.4
)
 

Net income attributable to Invesco Ltd.
167.1

 
269.6

 
384.9

 
768.6

Earnings per common share:
 
 
 
 
 
 
 
-basic

$0.36

 

$0.65

 

$0.89

 

$1.86

-diluted

$0.36

 

$0.65

 

$0.89

 

$1.86


See accompanying notes.


4


Table of Contents    
    

                                    

Invesco Ltd.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
 
Three months ended September 30,
 
Nine months ended September 30,
$ in millions
2019
 
2018
 
2019
 
2018
Net income
242.6

 
281.2

 
495.2

 
788.3

Other comprehensive income/(loss), net of tax:
 
 
 
 
 
 
 
Currency translation differences on investments in foreign subsidiaries
(133.4
)
 
(23.6
)
 
(71.0
)
 
(192.6
)
Other comprehensive income/(loss), net of tax
0.5

 
1.5

 
1.7

 
1.2

Other comprehensive income/(loss)
(132.9
)
 
(22.1
)
 
(69.3
)
 
(191.4
)
Total comprehensive income/(loss)
109.7

 
259.1

 
425.9

 
596.9

Comprehensive loss/(income) attributable to noncontrolling interests in consolidated entities
(11.1
)
 
(11.6
)
 
(45.9
)
 
(19.7
)
Comprehensive income/(loss) attributable to Invesco Ltd.
98.6

 
247.5

 
380.0

 
577.2

See accompanying notes.



5


Table of Contents    
    

                                    

Invesco Ltd.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
 
Nine months ended September 30,
$ in millions
2019
 
2018
Operating activities:
 
 
 
Net income
495.2

 
788.3

Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
 
 
 
Amortization and depreciation
125.1

 
105.6

Common share-based compensation expense
158.8

 
124.5

Other (gains)/losses, net
(69.0
)
 
(1.9
)
Other (gains)/losses of CIP, net
(36.0
)
 
2.3

Equity in earnings of unconsolidated affiliates
(46.9
)
 
(28.8
)
Distributions from equity method investees
5.7

 
9.9

Changes in operating assets and liabilities, net of business acquisitions:
 
 
 
(Purchase)/sale of investments by CIP, net
(178.0
)
 
(228.3
)
(Purchase)/sale of investments, net
98.1

 
(36.4
)
(Increase)/decrease in receivables
520.6

 
(280.7
)
Increase/(decrease) in payables
(420.6
)
 
207.6

Net cash provided by/(used in) operating activities
653.0

 
662.1

Investing activities:
 
 
 
Purchase of property, equipment and software
(75.6
)
 
(68.3
)
Purchase of investments by CIP
(3,033.0
)
 
(3,780.1
)
Sale of investments by CIP
2,027.5

 
2,633.5

Purchase of investments
(180.6
)
 
(114.9
)
Sale of investments
98.8

 
101.2

Capital distributions from equity method investees
64.9

 
15.0

Purchase of business, net of cash acquired
328.7

 
(1,469.3
)
Net cash provided by/(used in) investing activities
(769.3
)
 
(2,682.9
)
Financing activities:
 
 
 
Purchases of treasury shares
(455.4
)
 
(49.7
)
Dividends paid - preferred
(64.4
)
 

Dividends paid - common
(372.0
)
 
(368.3
)
Third-party capital invested into CIP
179.7

 
421.1

Third-party capital distributed by CIP
(85.8
)
 
(89.4
)
Borrowings of debt by CIP
1,946.6

 
1,975.4

Repayments of debt by CIP
(1,146.9
)
 
(1,030.8
)
Net borrowings/(repayments) under credit facility
(113.9
)
 
737.2

Payment of contingent consideration
(11.8
)
 
(11.4
)
Net cash provided by/(used in) financing activities
(123.9
)
 
1,584.1

Increase/(decrease) in cash and cash equivalents
(240.2
)
 
(436.7
)
Foreign exchange movement on cash and cash equivalents
(15.9
)
 
(27.3
)
Foreign exchange movement on cash and cash equivalents of CIP
(7.6
)
 
(1.7
)
Net cash inflows (outflows) upon consolidation/deconsolidation of CIP
(7.4
)
 
(137.7
)
Cash and cash equivalents, beginning of period
1,805.4

 
2,517.7

Cash and cash equivalents, end of period
1,534.3

 
1,914.3

 
 
 
 
Cash and cash equivalents
1,048.6

 
1,631.5

Cash and cash equivalents of CIP
485.7

 
282.8

Total cash and cash equivalents per consolidated statement of cash flows
1,534.3

 
1,914.3



See accompanying notes.


6


Table of Contents    
    

                                    

Invesco Ltd.
Condensed Consolidated Statements of Changes in Equity
(Unaudited)
Three months ended September 30, 2019
 
 
 
Equity Attributable to Invesco Ltd.
 
 
 
 
 
 
$ in millions, except per share data
Preferred Shares
 
Common Shares
 
Additional Paid-in-Capital
 
Treasury Shares
 
Retained Earnings
 
Accumulated Other Comprehensive Income/(Loss)
 
Total Equity Attributable to Invesco Ltd.
 
Nonredeemable Noncontrolling Interests in Consolidated Entities
 
Total Permanent Equity
 
Redeemable Noncontrolling Interests in Consolidated Entities Temporary Equity
July 1, 2019
4,010.5

 
113.2

 
7,810.8

 
(3,185.2
)
 
5,856.8

 
(671.4
)
 
13,934.7

 
365.0

 
14,299.7

 
396.4

Net income

 

 

 

 
231.5

 

 
231.5

 
11.5

 
243.0

 
(0.4
)
Other comprehensive income/(loss)

 

 

 

 

 
(132.9
)
 
(132.9
)
 

 
(132.9
)
 

Change in noncontrolling interests in consolidated entities, net

 

 

 

 

 

 

 
11.9

 
11.9

 
2.0

Dividends declared - preferred ($16.06 per share)

 

 

 

 
(64.4
)
 

 
(64.4
)
 

 
(64.4
)
 

Dividends declared - common ($0.31 per share)

 

 

 

 
(143.9
)
 

 
(143.9
)
 

 
(143.9
)
 

Employee common share plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common share-based compensation

 

 
49.4

 

 

 

 
49.4

 

 
49.4

 

Vested common shares

 

 
(36.3
)
 
36.3

 

 

 

 

 

 

Other common share awards

 

 
(1.1
)
 
7.8

 

 

 
6.7

 

 
6.7

 

Purchase of common shares

 

 

 
(307.9
)
 

 

 
(307.9
)
 

 
(307.9
)
 

September 30, 2019
4,010.5

 
113.2

 
7,822.8

 
(3,449.0
)
 
5,880.0

 
(804.3
)
 
13,573.2

 
388.4

 
13,961.6

 
398.0

Three months ended September 30, 2018
 
Equity Attributable to Invesco Ltd.
 
 
 
 
 
 
$ in millions, except per share data
Common Shares
 
Additional Paid-in-Capital
 
Treasury Shares
 
Retained Earnings
 
Accumulated Other Comprehensive Income/(Loss)
 
Total Equity Attributable to Invesco Ltd.
 
Nonredeemable Noncontrolling Interests in Consolidated Entities
 
Total Permanent Equity
 
Redeemable Noncontrolling Interests in Consolidated Entities Temporary Equity
July 1, 2018
98.1

 
6,255.6

 
(2,720.0
)
 
5,747.3

 
(563.7
)
 
8,817.3

 
318.9

 
9,136.2

 
297.0

Net income

 

 

 
269.6

 

 
269.6

 
9.6

 
279.2

 
2.0

Other comprehensive income/(loss)

 

 

 

 
(22.1
)
 
(22.1
)
 

 
(22.1
)
 

Change in noncontrolling interests in consolidated entities, net

 

 

 

 

 

 
3.2

 
3.2

 
124.2

Dividends declared - common ($0.30 per share)

 

 

 
(124.3
)
 

 
(124.3
)
 

 
(124.3
)
 

Employee common share plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common share-based compensation

 
42.7

 

 

 

 
42.7

 

 
42.7

 

Vested common shares

 
(6.2
)
 
6.2

 

 

 

 

 

 

Other common share awards

 
0.9

 
5.8

 

 

 
6.7

 

 
6.7

 

Purchase of common shares

 

 
(2.8
)
 

 

 
(2.8
)
 

 
(2.8
)
 

September 30, 2018
98.1

 
6,293.0

 
(2,710.8
)
 
5,892.6

 
(585.8
)
 
8,987.1

 
331.7

 
9,318.8

 
423.2

See accompanying notes.

7


Table of Contents    
    

                                    

Invesco Ltd.
Condensed Consolidated Statements of Changes in Equity
(Unaudited)
Nine months ended September 30, 2019
 
 
 
Equity Attributable to Invesco Ltd.
 
 
 
 
 
 
$ in millions, except per share data
Preferred Shares
 
Common Shares
 
Additional Paid-in-Capital
 
Treasury Shares
 
Retained Earnings
 
Accumulated Other Comprehensive Income/(Loss)
 
Total Equity Attributable to Invesco Ltd.
 
Nonredeemable Noncontrolling Interests in Consolidated Entities
 
Total Permanent Equity
 
Redeemable Noncontrolling Interests in Consolidated Entities Temporary Equity
January 1, 2019

 
98.1

 
6,334.8

 
(3,003.6
)
 
5,884.5

 
(735.0
)
 
8,578.8

 
357.4

 
8,936.2

 
396.2

Net income

 

 

 

 
449.3

 

 
449.3

 
21.7

 
471.0

 
24.2

Other comprehensive income/(loss)

 

 

 

 

 
(69.3
)
 
(69.3
)
 

 
(69.3
)
 

Change in noncontrolling interests in consolidated entities, net

 

 

 

 

 

 

 
9.3

 
9.3

 
(22.4
)
Issuance of shares
4,010.5

 
15.1

 
1,438.2

 

 

 

 
5,463.8

 

 
5,463.8

 

Dividends declared - preferred ($16.06 per share)

 

 

 

 
(64.4
)
 

 
(64.4
)
 

 
(64.4
)
 

Dividends declared - common ($0.92 per share)

 

 

 

 
(389.4
)
 

 
(389.4
)
 

 
(389.4
)
 

Employee common share plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common share-based compensation

 

 
158.8

 

 

 

 
158.8

 

 
158.8

 

Vested common shares

 

 
(107.8
)
 
196.5

 

 

 
88.7

 

 
88.7

 

Other common share awards

 

 
(1.2
)
 
8.5

 

 

 
7.3

 

 
7.3

 

Purchase of common shares

 

 

 
(650.4
)
 

 

 
(650.4
)
 

 
(650.4
)
 

September 30, 2019
4,010.5

 
113.2

 
7,822.8

 
(3,449.0
)
 
5,880.0

 
(804.3
)
 
13,573.2

 
388.4

 
13,961.6

 
398.0

Nine months ended September 30, 2018
 
Equity Attributable to Invesco Ltd.
 
 
 
 
 
 
$ in millions, except per share data
Common Shares
 
Additional Paid-in-Capital
 
Treasury Shares
 
Retained Earnings
 
Accumulated Other Comprehensive Income/(Loss)
 
Total Equity Attributable to Invesco Ltd.
 
Nonredeemable Noncontrolling Interests in Consolidated Entities
 
Total Permanent Equity
 
Redeemable Noncontrolling Interests in Consolidated Entities Temporary Equity
January 1, 2018