Item 2.02 Results of Operations and Financial Condition.
On April 23, 2009, Janus Capital Group Inc. ("JCG') issued a press release
reporting its preliminary financial results for the first quarter 2009.
Preliminary financial results exclude expected impairment charges on goodwill
and intangible assets totaling $900 million to $1 billion. The expected
impairment charges are being evaluated in connection with the preparation of the
March 31, 2009 financial statements and are noncash and are not deductible for
income tax purposes. The impaired assets were originally recognized in
connection with the 2001 purchase of shares held by Janus Capital Management
LLC's founder. JCG assessed goodwill and intangible assets for impairment as a
result of lower forecasted results of operations based on continued
deterioration in global market conditions and revenues during the first quarter
2009. Final financial results for the first quarter 2009, including the
expected goodwill and intangible asset impairment charges, will be included in
JCG's Form 10-Q for the quarter ended March 31, 2009, to be filed on or before
May 11, 2009. Copies of the first quarter 2009 press release and the earnings
presentation are being furnished as Exhibit 99.1 and Exhibit 99.2, respectively,
to this Current Report.
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