Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 55

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 55
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 $252 ________________________(1)    The fair value of corporate derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the Company's condensed consolidated statements of financial condition.

12

COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(UNAUDITED)

The Company's corporate derivatives included:•Total return swaps that are utilized to economically hedge a portion of the market risk of certain seed investments and are included in certain portfolios the Company maintains for the purpose of establishing a performance track record; and•Forward foreign exchange contracts that are utilized to economically hedge currency exposure arising from certain non-U.S. dollar investment advisory fees. Collateral pledged for forward and swap contracts totaled $2.1 million and $0.3 million at June 30, 2025 and December 31, 2024, respectively. Collateral received for swap contracts was $1.3 million at December 31, 2024.The following table summarizes net gains (losses) from derivative financial instruments: Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Corporate derivatives:Total return swaps$(1,754)$(48)$(3,683)$(200)Forward contracts - foreign exchange(137)(264)(617)660 Total corporate derivatives(1,891)(312)(4,300)460 Derivatives held by consolidated funds:Forward contracts - foreign exchange— — 9 — Total (1)$(1,891)$(312)$(4,291)$460 ________________________(1)Gains and losses on total return swaps and derivatives held by consolidated funds are included in gain (loss) from investments—net in the Company's condensed consolidated statements of operations. Gains and losses on corporate forward foreign exchange contracts are included in foreign currency gain (loss)—net in the Company's condensed consolidated statements of operations.

7. Earnings Per Share

The following table reconciles income and share data used in the basic and diluted earnings per share computations: Three Months Ended June 30,Six Months Ended June 30,(in thousands, except per share data)2025202420252024Net income$41,772 $30,077 $85,061 $64,491 Net (income) loss attributable to noncontrolling interests(4,923)1,694 (