Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 72

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 72
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 2025Consolidated Funds (1)Corporate -Seed and OtherTotalInterest and dividend income$3,243 $8,443 $11,686 Gain (loss) from investments—net 9,117 1,151 10,268 Foreign currency gain (loss)—net(253)(3,442)(3,695)Total non-operating income (loss)12,107 6,152 18,259 Net (income) loss attributable to noncontrolling interests(8,434)— (8,434)Non-operating income (loss) attributable to the Company$3,673 $6,152 $9,825 

(in thousands)Six Months Ended June 30, 2024Consolidated Funds (1)Corporate -Seed and OtherTotalInterest and dividend income$2,190 $6,786 $8,976 Gain (loss) from investments—net (2,703)1,669 (1,034)Foreign currency gain (loss)—net(515)166 (349)Total non-operating income (loss)(1,028)8,621 7,593 Net (income) loss attributable to noncontrolling interests1,284 — 1,284 Non-operating income (loss) attributable to the Company$256 $8,621 $8,877 

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(1)Represents seed investments in funds that we are required to consolidate under U.S. GAAP.

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Income Taxes

A reconciliation of the Company’s statutory federal income tax rate to the effective income tax rate is summarized in the following table:

Six Months Ended June 30,20252024U.S. statutory tax rate21.0 %21.0 %State and local income taxes, net of federal benefit2.9 2.9 Non-deductible executive compensation2.2 1.2 Excess tax benefits related to the vesting and delivery of restricted stock units(3.3)(0.3)Unrecognized tax benefit adjustments(0.5)0.3 Other(0.2)(0.2)Effective income tax rate22.1 %24.9 %

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Reconciliations of U.S. GAAP to As Adjusted Financial Results

Management believes that use of the following as adjusted (non-GAAP) financial results provides greater transparency into the Company’s operating performance. In addition