Company: DBRG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001679688-25-000017
Chunk: 183

Company: DigitalBridge Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 183
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 FundsThe Company consolidates sponsored funds in which it has more than an insignificant equity interest in the fund as general partner (Note 15). Equity investments of consolidated funds are composed primarily of marketable equity securities held by funds in the liquid securities strategy and equity investments in digital infrastructure portfolio companies held by single asset funds. Equity investments of consolidated funds are carried at fair value with changes in fair value recorded in other gain (loss) on the consolidated statements of operations. 

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Combined Financial Information of Equity Method InvesteesThe following tables present selected combined financial information of the Company's equity method investees, which represent the Company's sponsored investment vehicles. Amounts presented represent combined totals at the investee level and not the Company's proportionate share.Selected Combined Balance Sheet Information (In thousands)December 31, 2024December 31, 2023Total assets$46,606,626 $38,062,830 Total liabilities1,436,787 413,270 Owners' equity45,169,839 37,649,560 Selected Combined Statements of Operations Information Year Ended December 31,(In thousands)202420232022Total revenues$225,825 $117,846 $23,232 Net income (loss)1,707,294 2,976,972 2,150,989 

5. Goodwill and Intangible AssetsGoodwillThe following table presents changes in goodwill. Year Ended December 31,(In thousands)20242023Beginning balance$465,991 $298,248 Business combination (Note 3)(389)167,743 Ending balance (1)$465,602 $465,991 __________(1)    Remaining goodwill deductible for income tax purposes was $101.2 million at December 31, 2024 and $111.8 million at December 31, 2023. Intangible AssetsIntangible assets are composed of the following: December 31, 2024December 31, 2023(In thousands)Carrying Amount (1)(2)Accumulated Amortization(1)(2)Net Carrying Amount(1)Carrying Amount (1)(2)Accumulated Amortization(1)(2)Net Carrying Amount(1)Investment management contracts$138,494 $(97,371)$41,123 $150,835 $(84,824)$66,011 Investor relationships53,322 (24