Company: DBRG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001679688-25-000084
Chunk: 17

Company: DigitalBridge Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 17
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 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. Allocation of unrealized principal investment income to a third party participation interest was previously presented gross in "adjustments attributable to noncontrolling interests in investment entities" and recasted for periods prior to the first quarter of 2025.

(6)    OP share of discontinued operations represents residual activities from the Company's former real estate business that had been disposed. 

45

Liquidity and Capital Resources 

We regularly evaluate our liquidity position, and anticipated cash needs to fund our business and operations based upon our projected financial performance. Our evaluation of future liquidity requirements is regularly reviewed and updated for changes in internal projections, economic conditions, and other factors as applicable. 

Liquidity Needs and Sources of Liquidity 

Our primary liquidity needs, both short term and long term, are to fund: 

•our operations, including compensation and administrative costs;

•our general partner and general partner affiliate commitments to our investment vehicles;

•principal and interest payments on our debt; 

•dividends to our preferred and common stockholders;

•our liability for corporate and other taxes;

•acquisitions of target investment management businesses; and

•obligation for lease payments on our corporate offices.

Our primary sources of liquidity are: 

•cash on hand;

•fees received from our investment management business, including our share of distributed net incentive fees and carried interest; 

•cash flow generated from our investments, both from operations and return of capital, including proceeds from full or partial realization of investments;

•availability under our Variable Funding Notes ("VFN");

•issuance of additional term notes under our corporate securitization; and

•proceeds from public or private equity and debt offerings. 

Overview

At June 30, 2025, we have $158 million of available corporate cash. This generally represents cash at our OP entity after allocating cash for certain compensatory liabilities, and excludes cash held at subsidiaries of the OP, including cash maintained to satisfy regulatory capital requirements in applicable