Company: DBRG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001679688-25-000017
Chunk: 185

Company: DigitalBridge Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 185
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 the Company's other liabilities:(In thousands)December 31, 2024December 31, 2023Deferred investment management fees (1)$9,306 $10,250 Interest payable on corporate debt164 2,293 Common and preferred stock dividends payable16,524 16,477 Securities sold short—consolidated funds47,930 38,481 Due to custodians—consolidated funds9,121 9,415 Current and deferred income tax liability5,798 8,403 Contingent consideration payable—InfraBridge (Note 10)6,100 11,338 Contingent consideration payable—Wafra (Note 9)— 35,000 DBRG stock warrants (Note 10)700 39,200 Operating lease liability for corporate offices43,351 49,035 Accrued compensation54,644 63,761 Accrued incentive fee and carried interest compensation497,288 356,316 Accounts payable and accrued expenses26,327 13,844 Due to affiliates (Note 16)1,675 10,664 Other liabilities6,579 16,974 Other liabilities$725,507 $681,451 __________(1)    Deferred investment management fees are expected to be recognized as fee revenue over a weighted average period of 3.2 years and 3.0 years as of December 31, 2024 and December 31, 2023. Deferred investment management fees recognized as income of $3.8 million and $3.3 million in the years ended December 31, 2024 and 2023, respectively, pertain to the deferred management fee balance at the beginning of each respective period.

7. DebtThe Company's corporate debt is composed of a securitized financing facility and, prior to their full exchange or redemption in 2024, senior notes issued by the OP that are recourse to the Company, as discussed further below. December 31, 2024December 31, 2023(In thousands)PrincipalDeferred Financing CostAmortized CostPrincipalPremium (Discount), netDeferred Financing CostAmortized CostSecuritized financing facility$300,000 $(3,638)$296,362 $300,000 $— $(5,733)$294,267 Exchangeable senior notes— — — 78,422 (810)(96)