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Alliancebernstein L.P. (1109448) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Alliancebernstein L.P.

CIK: 1109448
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Hallie Elsner, Investors
212.969.6943
hallie.elsner@alliancebernstein.com
                       

Jen Will, Media
212.969.1157
jen.will@alliancebernstein.com
                       



ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES SECOND QUARTER RESULTS
GAAP Diluted Net Income of $0.54 per Unit
Adjusted Diluted Net Income of $0.56 per Unit
Cash Distribution of $0.56 per Unit

New York, NY, July 25, 2019 - AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended June 30, 2019.
"Our second quarter results continue to reflect momentum in several areas of our business," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Total firmwide net inflows of $9.5 billion were positive for a fourth straight quarter and were driven by $10.2 billion of active net inflows. Year-to-date active net inflows of $12.3 billion translates to a 5.4% annualized organic growth rate and is our best first half in more than a decade."
(US $ Thousands except per Unit amounts)
2Q 2019
 
2Q 2018
 
2Q 2019 vs 2Q 2018 % Change
 
1Q 2019
 
2Q 2019 vs. 1Q 2019 % Change
 
 
 
 
 
 
 
 
 
 
U.S. GAAP Financial Measures
 
 
 
 
 
 
 
 
 
Net revenues
$
857,799

 
$
844,738

 
1.5
 %
 
$
795,462

 
7.8
%
Operating income
$
184,220

 
$
189,464

 
(2.8
)%
 
$
168,151

 
9.6
%
Operating margin
20.6
%
 
22.4
%
 
(180 bps)

 
19.9
%
 
70 bps

AB Holding Diluted EPU
$
0.54

 
$
0.59

 
(8.5
)%
 
$
0.49

 
10.2
%
 
 
 
 
 
 
 
 
 
 
Adjusted Financial Measures (1)
 
 
 
 
 
 
 
 
 
Net revenues
$
714,566

 
$
719,692

 
(0.7
)%
 
$
657,884

 
8.6
%
Operating income
$
179,685

 
$
196,744

 
(8.7
)%
 
$
158,857

 
13.1
%
Operating margin
25.1
%
 
27.3
%
 
(220 bps)

 
24.1
%
 
100 bps

AB Holding Diluted EPU
$
0.56

 
$
0.62

 
(9.7
)%
 
$
0.49

 
14.3
%
AB Holding cash distribution per Unit
$
0.56

 
$
0.62

 
(9.7
)%
 
$
0.49

 
14.3
%
 
 
 
 
 
 
 
 
 

(US $ Billions)
 
 
 
 
 
 
 
 
 
Assets Under Management
 
 
 
 
 
 
 
 
 
Ending AUM
$
580.8

 
$
539.8

 
7.6
%
 
$
554.7

 
4.7
%
Average AUM
$
565.9

 
$
542.2

 
4.4
%
 
$
539.2

 
5.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(1) The adjusted financial measures are all non-GAAP financial measures. See page 11 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 12-13 for notes describing the adjustments.



www.alliancebernstein.com
 
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The following information was filed by Alliancebernstein L.P. on Thursday, July 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Changes In Partners' Capital
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Financial Condition
Condensed Consolidated Statements Of Financial Condition (Parenthetical)
Condensed Consolidated Statements Of Income
Acquisition
Acquisition (Details)
Business Description Organization And Basis Of Presentation
Business Description Organization And Basis Of Presentation (Details)
Business Description Organization And Basis Of Presentation (Policies)
Business Description Organization And Basis Of Presentation (Tables)
Cash And Securities Segregated Under Federal Regulations And Other Requirements
Cash And Securities Segregated Under Federal Regulations And Other Requirements (Details)
Cash Distributions
Cash Distributions (Details)
Commitments And Contingencies
Consolidated Company-Sponsored Investment Funds
Consolidated Company-Sponsored Investment Funds (Change In Carrying Value Associated With Level 3 Financial Instruments) (Details)
Consolidated Company-Sponsored Investment Funds (Details)
Consolidated Company-Sponsored Investment Funds (Fair Value) (Details)
Consolidated Company-Sponsored Investment Funds (Offsetting Of Derivative Assets And Liabilities) (Details)
Consolidated Company-Sponsored Investment Funds (Summary Of Balance Sheet Amounts) (Details)
Consolidated Company-Sponsored Investment Funds (Tables)
Debt
Debt (Details)
Derivative Instruments
Derivative Instruments (Details)
Derivative Instruments (Gains And Losses For Derivative Instruments Recognized In Investment Gains (Losses)) (Details)
Derivative Instruments (Notional Value And Fair Value Of Derivative Instruments) (Details)
Derivative Instruments (Tables)
Fair Value
Fair Value (Change In Carrying Value Associated With Contingent Payment Arrangements Level 3 Instruments) (Details)
Fair Value (Change In Carrying Value Of Level 3 Financial Instruments) (Details)
Fair Value (Details)
Fair Value (Tables)
Fair Value (Valuation Of Financial Instruments) (Details)
Investments
Investments (Gains (Losses) Related To Equity Securities) (Details)
Investments (Summary Of Investments) (Details)
Investments (Tables)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Components Of Lease Expense (Details)
Leases - Lease Term And Discount Rate (Details)
Leases - Leases Included In The Condensed Consolidated Statement Of Financial Condition (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Supplemental Cash Flow (Details)
Long-Term Incentive Compensation Plans
Long-Term Incentive Compensation Plans (Details)
Net Income Per Unit
Net Income Per Unit (Details)
Net Income Per Unit (Tables)
Non-Controlling Interests
Non-Controlling Interests (Details)
Non-Controlling Interests (Tables)
Offsetting Assets And Liabilities
Offsetting Assets And Liabilities (Offsetting Assets) (Details)
Offsetting Assets And Liabilities (Offsetting Liabilities) (Details)
Offsetting Assets And Liabilities (Tables)
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition (Tables)
Significant Accounting Policies
Significant Accounting Policies (Details)
Units Outstanding
Units Outstanding (Details)
Units Outstanding (Tables)

Material Contracts, Statements, Certifications & more

Alliancebernstein L.P. provided additional information to their SEC Filing as exhibits

CIK: 1109448
Form Type: 10-Q Quarterly Report
Accession Number: 0001109448-19-000056
Submitted to the SEC: Thu Oct 24 2019 6:42:38 AM EST
Accepted by the SEC: Thu Oct 24 2019
Period: Monday, September 30, 2019
Industry: Investment Advice

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