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Moving on income. financials. Slide U.S. of is to GAAP our the statement XX
results, nonoperating, translation Before quarter. entities of is subsidiary accounting results This foreign expected amount moving removed quarter million to this financial results. this an noncash, currency related accumulated adjusted on $XX.X include liquidated from to losses adjusted release
and Fourth Slide Adjusted prior performance, investment operating quarter XX% XX operating compared to and was adjusted the prior year. average and and XX% primarily AUM, the to full EPS good improvement financial and results. operating due The higher higher Continuing generating to improved adjusted year the results fees quarter-over-quarter. leverage. quarter improved income performance XXXX improved
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was prior ratio December management largely up to appendix, many the experienced Janus than consolidation point to points continues net prior and from incentive industry.
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as discretionary investments in where NBK we non-compensation, mindful single-digit operational our expect we cost and a percentage well initiatives continue management. strategic full of For growth result To as we'll the the of offset of inflation be and impact and the year be of supporting mid- consolidation VPC, as to cost to and base disciplined high can, efficiencies Tabula. our
XX%. rate tax to XX% the the in of on to expect adjusted firm's attributable we income be Finally, to range JHG net
fourth up operating XXXX from adjusted diluted the operating XXX Slide XX% XXX EPS from Adjusted an a over was adjusted and of moving up liquidity year Slide XXXX.
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which X.X cash dividend fund and of cash Cash equivalents inorganic roughly shares in to excess were our the generation and as of to position of capital strong. last remains support is was billion Our million XXXX. our XXst to year the end repurchase quarterly used December, investments, flow as $X.X flat
to $XXX capital or coupon XXXX. business.
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on a dividend summary, position, record strong $X.XX we investment returning needs of opportunities continue and the with the a be capital share February business shareholders shareholders. at declared has per of and XXth capital balance liquidity XXth Board to of of to The February.
In as to the maintained paid the the we've to
XX% historical and dividend shareholders Slide Finally, shareholders. our looks returned excess buybacks. data XXXX, share the in we've to We've cash of to consistently of at XX form our $X annual billion as of Since to return of the been our flow capital shareholders quarterly accretive from in operations disciplined returning capital reflects.
dividend reduced to accretive since dividends the buybacks. by In our Our third $XXX has operations in program million our flow XX.X% returned outstanding we $XXX cash XXXX, XX% first from XXXX. in commenced and million including buyback of shareholders, we've XX% of increased shares quarter and in
has our aside for philosophy allocation then and reserved in obligations. cash We cash business capital returning liquidity set look capital share then Our contractual then consider organic excess regulatory and to requirements reinvestment for and changed. our needs by capital repurchases. not inorganic cash for We the and dividends and use
capital Our stable our and reflects generation outlook, flow positive and our balance sheet. a strong return financial cash of
build win. Our us the we the should or actively to to opportunity execute and buybacks where our partner do M&A, continue impair and diversify arise, right look dividends clients not ability to to stable to buy, give
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