CNS AR24 Digital - Book - Page 65
COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(in thousands, except share data)
December 31,
2024
Assets:
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Investments ($109,210 and $159,931) (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Due from brokers ($60 and $13) (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Property and equipment4net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating lease right-of-use assets4net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goodwill and intangible assets4net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets ($199 and $644) (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Liabilities:
Accrued compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Distribution and service fees payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating lease liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income tax payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Due to brokers ($170 and $119) (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities and accrued expenses ($333 and $449) (1) . . . . . . . . . . . . . . . . . . . . . . . .
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commitments and contingencies (See Note 14)
Redeemable noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stockholders9 equity:
Common stock, $0.01 par value; 500,000,000 shares authorized; 57,492,567 shares
issued and 50,574,641 shares outstanding at December 31, 2024 and 55,788,720 shares
issued and 49,155,447 shares outstanding at December 31, 2023 . . . . . . . . . . . . . . . . . .
December 31,
2023
182,974
335,377
74,389
1,474
68,604
99,200
18,756
31,592
812,366
$
71,049
8,485
141,115
4,601
2,111
10,102
237,463
$
$
187,442
258,970
68,889
4,677
66,336
103,302
19,395
27,543
736,554
66,382
10,144
140,408
5,115
201
21,657
243,907
53,460
106,463
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
575
943,281
(129,339)
(10,025)
558
818,269
(158,186)
(7,708)
Treasury stock, at cost, 6,917,926 and 6,633,273 shares at December 31, 2024 and
2023, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total stockholders9 equity attributable to Cohen & Steers, Inc. . . . . . . . . . . . . . . . .
Nonredeemable noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total stockholders9 equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total liabilities, redeemable noncontrolling interests and stockholders9 equity . . . . $
(292,781)
511,711
9,732
521,443
812,366 $
(271,705)
381,228
4,956
386,184
736,554
_________________________
(1) Amounts in parentheses represent the aggregate balances at December 31, 2024 and 2023 attributable to variable interest entities
consolidated by the Company.
See notes to consolidated financial statements
F-5
