In millions, except per share items | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 |
| 10-K | 10-K | 10-K | 10-K | S-1 |
Cash flows from operating activities | | | | | |
Net income (loss) | 484.3 | 314.6 | 144.8 | 60.0 | |
|
Adjustments to reconcile net income (loss) to net cash from operating activities: | | | | | |
Depreciation and amortization | 27.0 | 5.5 | 7.1 | 7.9 | |
Unrealized performance fee-related compensation | 312.9 | 215.5 | 82.7 | 11.2 | |
Equity-based compensation | 14.0 | 7.9 | 1.9 | 1.7 | |
Change in deferred income taxes | 6.2 | 15.9 | | | |
Fair value adjustment for acquisition-related contingent consideration | 9.6 | 1.6 | 0.0 | | |
Other non-cash activities | -3.0 | 0.1 | | | |
Adjustments to reconcile net income (loss) to net cash from operating activities of Consolidated Funds: | | | | | |
Changes in operating assets and liabilities: | | | | | |
Fees and accounts receivable | -1.8 | -7.0 | -0.9 | 1.0 | |
Due from affiliates | -11.5 | 2.2 | -7.4 | -2.3 | |
Other assets and receivables | 2.1 | -0.1 | -3.7 | -5.8 | |
Accounts payable, accrued expenses and other liabilities | 6.6 | 9.6 | -2.8 | 6.1 | |
Accrued compensation and benefits | 7.1 | 11.3 | 7.9 | 2.5 | |
Due to affiliates | -2.3 | 0.9 | -1.5 | 1.0 | |
Lease right-of-use assets, net and lease liabilities | -0.4 | | | | |
Changes in operating assets and liabilities of Consolidated Funds: | | | | | |
Other assets and receivables | 2.1 | -0.1 | -3.7 | -5.8 | |
Net cash provided by operating activities | 214.3 | 149.3 | 65.9 | 51.5 | |
|
Cash flows from investing activities | | | | | |
Contributions to investments | | | | -11.2 | |
Distributions received from investments | | | | 4.2 | |
Purchases of property and equipment | -2.1 | -1.3 | -0.8 | -3.0 | |
Net cash used in investing activities | -210.2 | -11.2 | 35.8 | -61.9 | |
|
Cash flows from financing activities | | | | | |
Proceeds from capital contributions from non-controlling interests | 0.1 | 2.8 | 0.0 | 0.2 | |
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Distributions to non-controlling interests | | | | | |
Dividends paid to common stockholders | -23.9 | -2.0 | | | |
Payments to related parties under Tax Receivable Agreements | -0.8 | | | | |
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Cash flows from financing activities of Consolidated Funds: | | | | | |
Contributions from redeemable non-controlling interests in Consolidated Funds | | 3.3 | 110.8 | | |
Net cash used in financing activities | -70.4 | -45.3 | -52.2 | -55.5 | |
Effect of foreign currency exchange rate changes | 0.0 | 1.1 | -0.3 | 0.3 | |
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Supplemental disclosures: | | | | | |
Non-cash operating, investing, and financing activities: | | | | | |
Accrued dividends | 0.8 | 0.2 | | | |
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements | -55.3 | -2.6 | | | |
Establishment of lease liabilities in exchange for lease right-of-use assets | 79.7 | | | | |
Reconciliation of cash, cash equivalents and restricted cash: | | | | | |
Cash and cash equivalents | | | | | |
Restricted cash | | | | | |