CNS AR24 Digital - Book - Page 69
COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
2024
Cash flows from operating activities:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Adjustments to reconcile net income to net cash provided by (used in)
operating activities:
Stock-based compensation expense4net . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Non-cash lease expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Gain) loss from investments4net . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign currency (gain) loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amortization (accretion) of premium (discount) on U.S. Treasury
securities4net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Changes in operating assets and liabilities:
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Due from brokers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments within consolidated funds . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accrued compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . .
Distribution and service fees payable . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating lease liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Due to brokers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income tax payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities and accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Net cash provided by (used in) operating activities . . . . . . . . . . . . . . . . . . . . . . .
Cash flows from investing activities:
Purchases of investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from sales and maturities of investments . . . . . . . . . . . . . . . . . . .
Purchases of property and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net cash provided by (used in) investing activities . . . . . . . . . . . . . . . . . . . . . . .
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock purchase
plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from issuance of common stock from offering, net of issuance
costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repurchase of common stock for employee tax withholding . . . . . . . . . . . .
Dividends to stockholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net contributions (distributions) from noncontrolling interests . . . . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net cash provided by (used in) financing activities . . . . . . . . . . . . . . . . . . . . . . .
Net increase (decrease) in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . .
Effect of foreign exchange rate changes on cash and cash equivalents . . . . . . . .
Cash and cash equivalents, beginning of the year . . . . . . . . . . . . . . . . . . . . . . . .
Cash and cash equivalents, end of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
162,792 $
136,609 $
149,486
52,301
11,169
5,732
(16,582)
(297)
1,238
44,468
5,142
14,496
(4,291)
537
(787)
49,352
5,667
11,798
25,106
(1,199)
1,587
(1,083)
(1,954)
(115)
(6,738)
(21,573)
(96,132)
(4,758)
4,667
(1,659)
(931)
25,081
(162)
(16,376)
96,689
(1,426)
(2,605)
(19,260)
(7,268)
(11,382)
1,723
19,199
109
(2,743)
1,394
171,961
15,827
(1,632)
(170,372)
1,712
(1,403)
(1,762)
(11,935)
3,046
(15,036)
1,553
61,680
(417,459)
309,398
(11,651)
(119,712)
(169,402)
111,612
(56,986)
(114,776)
(145,345)
146,711
(4,223)
(2,857)
1,100
1,063
1,043
68,464
(21,106)
(119,181)
88,905
(15)
18,167
(4,856)
(1,585)
189,603
183,162 $
4
(21,536)
(112,446)
14,470
(603)
(119,052)
(61,867)
2,756
248,714
189,603 $
4
(26,815)
(107,352)
142,099
4
8,975
67,798
(4,440)
185,356
248,714
See notes to consolidated financial statements
F-9
Years Ended December 31,
2023
2022
