CNS AR24 Digital - Book - Page 70
COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS4(Continued)
Supplemental disclosures of cash flow information:
The following table provides a reconciliation of cash and cash equivalents reported within the consolidated statements
of financial condition to the cash and cash equivalents reported within the consolidated statements of cash flows above:
(in thousands)
2024
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Cash included in investments (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total cash and cash equivalents within consolidated statements of cash flows . . $
182,974
188
183,162
As of December 31,
2023
$
$
187,442
2,161
189,603
2022
$
$
247,418
1,296
248,714
________________________
(1) Cash included in investments represents operating cash held in consolidated funds.
For the years ended December 31, 2024, 2023 and 2022, the Company paid taxes, net of tax refunds, of $47.2 million,
$45.8 million and $63.6 million, respectively.
Supplemental disclosures of non-cash investing and financing activities:
In connection with its stock incentive plan, the Company issued dividend equivalents in the form of restricted stock
units, net of forfeitures, in the amount of $3.2 million, $3.4 million and $3.1 million for the years ended December 31, 2024,
2023 and 2022, respectively.
Effective September 1, 2024, the Company deconsolidated the Cohen & Steers SICAV Global Real Estate Fund
resulting in a non-cash reduction of $148.7 million from both investments and redeemable noncontrolling interests for the
year ended December 31, 2024.
Non-cash investing activities for the year ended December 31, 2023 included $4.7 million related to purchases of
property and equipment in connection with the Company's new headquarters that were unpaid at December 31, 2023.
Effective August 1, 2022, the Company deconsolidated the Cohen & Steers SICAV Diversified Real Assets Fund
resulting in a non-cash reduction of $120.3 million from both investments and redeemable noncontrolling interests for the
year ended December 31, 2022.
F-10
