Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 113

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 113
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, as well as litigation and settlement-related matters, which are presented within compensation expense—cash and equity-based, administrative and other expenses, and other gain (loss), net on the GAAP income statement. These costs, along with certain other gain (loss) amounts, are excluded from DE as they are related to discrete items, are not considered part of our ongoing operating cost structure, and are not reflective of our core operating performance.

Other items excluded from DE are generally non-cash in nature, including income (loss) items that are unrealized, or otherwise do not represent current or future cash obligations such as amortization of deferred financing costs. These items are excluded from DE as they do not contribute to the measurement of DE as a net realized earnings measure that is used in decision making related to distributions and reinvestments. 

41

Income taxes applied in the determination of DE generally represents GAAP income tax related to continued operations, and includes the benefit of deductions available to the Company on certain expense items excluded from DE (for example, equity-based compensation). As the income tax benefit arising from these excluded expense items do affect actual income tax paid or payable by the Company in any one period, the Company believes their inclusion in DE is appropriate to more accurately reflect amounts available for distribution.

Non-GAAP Results

Results of our non-GAAP measures attributable to the Operating Company were determined as follows: 

Three Months Ended March 31,(In thousands)20252024ChangeFee revenue (1)$90,229 $72,791 $17,438 Cash compensation (1)(38,096)(36,893)(1,203)Administrative and other expenses (1)(17,183)(16,335)(848)Fee-Related Earnings—attributable to Operating Company34,950 19,563 15,387 Realized principal investment income34,907 2,301 32,606 Distributed carried interest and incentive fees subject to realization events, net of associated expense allocation864 99 765 Interest, dividend and other income2,941 4,375 (1,434)Interest expense and preferred dividends(18,010)(19,162)1,152 Placement fees and other expenses(647)(3,698)3,051 Income tax benefit (expense)(301)(1,246)945 Distributable Earnings, after tax—attributable to Operating Company$54,704 $2,232 52,472 ________

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