Last10K.com

Alliancebernstein Holding L.P. (AB) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, December 31, 2022

SEC Filings

AB Annual Reports

Alliancebernstein Holding L.P.

CIK: 825313 Ticker: AB
image2.gif
Mark Griffin, Investors
629.213.5672
mark.griffin@alliancebernstein.com

Carly Symington, Media
629.213.5568
Carly.Symington@alliancebernstein.com






ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES FOURTH QUARTER RESULTS
GAAP Diluted Net Income of $0.59 per Unit
Adjusted Diluted Net Income of $0.70 per Unit
Cash Distribution of $0.70 per Unit

Nashville, TN, February 8, 2023 - AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter and year ended December 31, 2022.
“2022 presented an extraordinarily challenging investing and operating environment. Investment returns were adversely impacted by a concurrent decline in equity and fixed income markets, with fixed income posting the worst annual returns on record. Nevertheless, our diversified global platform posted its fourth consecutive year of active organic growth,” said Seth P. Bernstein, President and CEO of AllianceBernstein. "Two of our three distribution channels grew organically, driven primarily by our alternatives/multi-asset services. Our full year effective fee rate improved by 3% due to mix shift and the acquisition of CarVal, reflecting our strategic growth into Private Alternatives, supported by our strategic partner Equitable Holdings. For the full year, our average AUM declined by 6%, adjusted operating income decreased by 22%, and adjusted operating margin of 28.4% compared with 33.6% the prior year. Adjusted earnings and unitholder distributions decreased by 24% year-over-year.”
(US $ Thousands except per Unit amounts)Q4 2022Q4 2021% Change20222021% Change
U.S. GAAP Financial Measures
Net revenues$990,176 $1,264,682 (21.7)%$4,054,290 $4,441,602 (8.7)%
Operating income$203,741 $392,605 (48.1)%$815,096 $1,216,462 (33.0)%
Operating margin20.0 %30.8 %(1,080 bps)21.5 %27.3 %(580 bps)
AB Holding Diluted EPU $0.59 $1.27 (53.5)%$2.69 $3.88 (30.7)%
Adjusted Financial Measures (1)
Net revenues$802,114 $1,024,326 (21.7)%$3,336,234 $3,609,536 (7.6 %)
Operating income$231,947 $394,363 (41.2)%$947,197 $1,214,310 (22.0 %)
Operating margin28.9 %38.5 %(960 bps)28.4 %33.6 %(520 bps)
AB Holding Diluted EPU $0.70 $1.29 (45.7)%$2.94 $3.89 (24.4 %)
AB Holding cash distribution per Unit$0.70 $1.29 (45.7)%$2.95 $3.90 (24.4 %)
(US $ Billions)
Assets Under Management ("AUM")
Ending AUM$646.4 $778.6 (17.0 %)$646.4 $778.6 (17.0 %)
Average AUM$636.0 $761.1 (16.4 %)$686.5 $730.8 (6.1 %)
(1) The adjusted financial measures represent non-GAAP financial measures. See page 15 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 16-17 for notes describing the adjustments.

www.alliancebernstein.com
1 of 17

The following information was filed by Alliancebernstein Holding L.P. (AB) on Wednesday, February 8, 2023 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Alliancebernstein Holding L.P.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alliancebernstein Holding L.P..

Continue

Assess how Alliancebernstein Holding L.P.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Alliancebernstein Holding L.P.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Legal
Other
Filter Subcategory:
All
Shares
Dividend
Product
Expense
Cash Flow
Income
Earnings
Debt
Other
Inside Alliancebernstein Holding L.P.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Statements Of Cash Flows
Statements Of Cash Flows (Parenthetical)
Statements Of Changes In Partners' Capital
Statements Of Comprehensive Income
Statements Of Financial Condition
Statements Of Financial Condition (Parenthetical)
Statements Of Income
Acquisition
Acquisition (Tables)
Acquisition - Identified Assets Acquired And Liabilities (Details)
Acquisition - Narrative (Details)
Business Description And Organization
Business Description And Organization (Tables)
Business Description And Organization - Additional Information (Details)
Business Description And Organization - Limited Partnership Interests In Ab Holdings (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Principal Reasons For The Difference Between The Effective Tax Rate And Statutory Tax Rate (Details)
Income Taxes - Summary Of Income Taxes (Details)
Investment In Ab
Investment In Ab (Details)
Investment In Ab (Tables)
Net Income Per Unit
Net Income Per Unit (Details)
Net Income Per Unit (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Units Outstanding
Units Outstanding (Details)
Units Outstanding (Tables)
Valuation And Qualifying Account - Allowance For Doubtful Accounts
Valuation And Qualifying Account - Allowance For Doubtful Accounts (Details)
Ticker: AB
CIK: 825313
Form Type: 10-K Annual Report
Accession Number: 0000825313-23-000011
Submitted to the SEC: Fri Feb 10 2023 7:23:57 AM EST
Accepted by the SEC: Fri Feb 10 2023
Period: Saturday, December 31, 2022
Industry: Investment Advice

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/ab/0000825313-23-000011.htm