Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 7

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 7
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Item 1. Financial Statements

COHEN & STEERS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)

(in thousands, except share data)March 31,2025December 31,2024Assets:Cash and cash equivalents$65,227 $182,974 Investments ($181,866 and $109,210) (1)473,383 335,377 Accounts receivable79,020 74,389 Due from brokers ($412 and $60) (1)3,874 1,474 Property and equipment—net67,529 68,604 Operating lease right-of-use assets—net98,368 99,200 Goodwill and intangible assets—net19,169 18,756 Other assets ($373 and $199) (1)28,295 31,592 Total assets$834,865 $812,366 Liabilities:Accrued compensation and benefits$19,963 $71,049 Distribution and service fees payable8,194 8,485 Operating lease liabilities140,046 141,115 Income tax payable6,897 4,601 Due to brokers ($230 and $170) (1)4,232 2,111 Other liabilities and accrued expenses ($416 and $333) (1)14,181 10,102 Total liabilities193,513 237,463 Commitments and contingencies (See Note 11)Redeemable noncontrolling interests121,710 53,460 Stockholders’ equity:Common stock, $0.01 par value; 500,000,000 shares authorized; 58,186,178 shares issued and 50,976,952 shares outstanding at March 31, 2025 and 57,492,567 shares issued and 50,574,641 shares outstanding at December 31, 2024582 575 Additional paid-in capital955,669 943,281 Accumulated deficit(121,933)(129,339)Accumulated other comprehensive loss(7,923)(10,025)Treasury stock, at cost, 7,209,226 and 6,917,926 shares at March 31, 2025 and December 31, 2024, respectively(318,708)(292,781)Total stockholders’ equity attributable