Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 14

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 14
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— (148,659)September 30, 2024$574 $931,510 $(144,420)$(5,414)$(291,241)$7,052 $498,061 $14,491 

See notes to condensed consolidated financial statements

5

COHEN & STEERS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(in thousands) Nine Months Ended September 30, 20252024Cash flows from operating activities:Net income$126,695 $119,774 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Stock-based compensation expense—net35,877 41,432 Depreciation and amortization8,656 8,299 Non-cash lease expense3,947 4,572 Amortization (accretion) of premium (discount) on U.S. Treasury securities—net1,021 (1,339)(Gain) loss from investments—net(10,960)(17,941)Deferred income taxes1,990 99 Foreign currency (gain) loss1,038 (1,865)Changes in operating assets and liabilities:Accounts receivable6,429 (7,919)Due from brokers(13,446)(22,360)Investments in consolidated funds(264,140)(43,440)Other assets(1,739)(3,901)Accrued compensation and benefits(11,077)(17,703)Distribution and service fees payable 213 (1,830)Operating lease liabilities(4,390)(1,981)Due to brokers4,766 23,693 Income tax payable(5,296)(3,249)Other liabilities and accrued expenses(1,086)(12,479)Net cash provided by (used in) operating activities(121,502)61,862 Cash flows from investing activities:Purchases of investments(305,598)(337,877)Proceeds from sales and maturities of investments280,571 205,028 Purchases of property and equipment(5,697)(9,973)Net cash provided by (used in) investing activities(30,724)(142,822)Cash flows from financing activities:Proceeds from issuance of common stock under employee stock purchase plan779 911 Proceeds from issuance of common stock from offering, net