Company: CNS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001284812-25-000087
Chunk: 49

Company: COHEN & STEERS, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 49
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 financial results provides greater transparency into the Company’s operating performance. In addition, these as adjusted financial results are used to prepare the Company's internal management reports, which are used in evaluating its business.

While management believes that these as adjusted financial results are useful in evaluating operating performance, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with U.S. GAAP.

Effective January 1, 2023, the Company revised its methodology for as adjusted results to include interest and dividends from corporate seed investments. Amounts for the year ended December 31, 2022 have not been recast to conform with the current methodology as the impact was not significant.

Net Income Attributable to Common Stockholders and Diluted Earnings per ShareYears Ended December 31,(in thousands, except per share data)202420232022Net income attributable to common stockholders, U.S. GAAP$151,265 $129,049 $171,042 Seed investments—net (1)(6,245)2,252 4,317 Accelerated vesting of restricted stock units7,134 1,318 10,260 Other non-recurring expenses (2)1,196 — — Lease transition and other costs - 280 Park Avenue (3)807 9,721 776 Closed-end fund offering costs (4)— — 15,239 Foreign currency exchange (gains) losses—net (5)(1,059)2,371 (4,741)Tax adjustments—net (6)(3,812)(4,200)(14,642)Net income attributable to common stockholders, as adjusted$149,286 $140,511 $182,251 Diluted weighted average shares outstanding50,938 49,553 49,297 Diluted earnings per share, U.S. GAAP$2.97 $2.60 $3.47 Seed investments—net (1)(0.12)0.05 0.09 Accelerated vesting of restricted stock units0.14 0.03 0.21 Other non-recurring expenses (2)0.02 — — Lease transition and other costs - 280 Park Avenue (3)0.02 0.20 0.02 Closed-end fund offering costs (4)— — 0.31 Foreign currency exchange