Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 115

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 115
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 costs, debt premiums and discounts524 664 Adjustments attributable to noncontrolling interests in investment entities (5)(822)557 OP share of (income) loss from discontinued operations (6)4,185 14,120 Distributable Earnings, after tax—attributable to Operating Company54,704 2,232 Realized principal investment income(34,907)(2,301)Distributed carried interest and incentive fees subject to realization events, net of associated expense allocation (4)(864)(99)Interest, dividend and other income(2,941)(4,375)Interest expense and preferred dividends18,010 19,162 Placement fee and other expenses647 3,698 Income tax (benefit) expense301 1,246 Fee-Related Earnings—attributable to Operating Company$34,950 $19,563  

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(1)    Non-core items primarily include acquisition-related compensation and certain severance costs, as well as litigation and settlement-related matters, which are presented within compensation expense—cash and equity-based, administrative and other expenses, and other gain (loss), net on the GAAP income statement.

(2)    Comprises (i) all unrealized gains and losses; and (ii) realized gains and losses recorded by consolidated funds or associated with non-core investments.

(3)    Unrealized principal investment income is presented net of a third party participation interest.

(4)    Carried interest and incentive fees are presented net of expense allocation or reversal. The expense component is included within compensation expense—incentive fees and carried interest allocation (reversal), other gain (loss), and net income (loss) attributable to noncontrolling interests in investment entities on the GAAP income statement. 

(5)    Adjustments attributable to noncontrolling interests in investment entities pertain to other gain (loss) attributed to limited partners of consolidated funds. Allocation of: (i) unrealized carried interest to management and a third party participation interest; and (ii) unrealized principal investment income to a third party participation interest, are netted against "unrealized carried interest, net of expense (allocation) reversal" and "unrealized principal investment income", respectively, for all periods presented (previously presented gross in "adjustments attributable to noncontrolling interests in investment entities" and recasted for periods prior to the second quarter of 2024 and first quarter of 2025,