Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 14

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 14
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— — — 1,980 1,980 9,116 June 30, 2024$574 $916,006 $(153,360)$(8,874)$(291,173)$6,661 $469,834 $114,570 

See notes to condensed consolidated financial statements

5

COHEN & STEERS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(in thousands) Six Months Ended June 30, 20252024Cash flows from operating activities:Net income$85,061 $64,491 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Stock-based compensation expense—net23,540 26,917 Depreciation and amortization5,659 5,558 Non-cash lease expense2,629 3,431 Amortization (accretion) of premium (discount) on U.S. Treasury securities—net1,375 71 (Gain) loss from investments—net(10,268)1,034 Deferred income taxes3,478 1,157 Foreign currency (gain) loss1,952 444 Changes in operating assets and liabilities:Accounts receivable1,985 3,178 Due from brokers(13,005)1,236 Investments in consolidated funds(242,211)(19,693)Other assets(2,254)(3,767)Accrued compensation and benefits(31,102)(33,415)Distribution and service fees payable (148)(1,093)Operating lease liabilities(2,987)(724)Due to brokers6,402 382 Income tax payable(9,811)(5,975)Other liabilities and accrued expenses3,120 (6,995)Net cash provided by (used in) operating activities(176,585)36,237 Cash flows from investing activities:Purchases of investments(161,776)(232,960)Proceeds from sales and maturities of investments169,517 137,782 Purchases of property and equipment(3,209)(8,565)Net cash provided by (used in) investing activities4,532 (103,743)Cash flows from financing activities:Proceeds from issuance of common stock under employee stock purchase plan579 654 Proceeds from issuance of common stock from offering