COHEN & STEERS INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
CNS$73.20-0.0%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)
| March 31,2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $99,521 | $187,442 |
| Investments ($148,102 and $159,931) (1) | 273,040 | 258,970 |
| Accounts receivable | 75,329 | 68,889 |
| Due from brokers ($13,981 and $13) (1) | 17,089 | 4,677 |
| Property and equipment—net | 68,394 | 66,336 |
| Operating lease right-of-use assets—net | 101,374 | 103,302 |
| Goodwill and intangible assets—net | 19,157 | 19,395 |
| Other assets ($416 and $644) (1) | 26,821 | 27,543 |
| Total assets | $680,725 | $736,554 |
| Liabilities: | ||
| Accrued compensation and benefits | $17,161 | $66,382 |
| Distribution and service fees payable | 7,721 | 10,144 |
| Operating lease liabilities | 141,380 | 140,408 |
| Income tax payable | 11,140 | 5,115 |
| Due to brokers ($17,036 and $119) (1) | 17,794 | 201 |
| Other liabilities and accrued expenses ($470 and $449) (1) | 10,698 | 21,657 |
| Total liabilities | 205,894 | 243,907 |
| Commitments and contingencies (See Note 11) | ||
| Redeemable noncontrolling interests | 90,909 | 106,463 |
| Stockholders' equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 56,431,301 and 55,788,720 shares issued at March 31, 2024 and December 31, 2023, respectively | 564 | 558 |
| Additional paid-in capital | 832,496 | 818,269 |
| Accumulated deficit | (154,361) | (158,186) |
| Accumulated other comprehensive loss | (8,690) | (7,708) |
| Treasury stock, at cost, 6,900,666 and 6,633,273 shares at March 31, 2024 and December 31, 2023, respectively | (291,069) | (271,705) |
| Total stockholders’ equity attributable to Cohen & Steers, Inc. | 378,940 | 381,228 |
| Nonredeemable noncontrolling interests | 4,982 | 4,956 |
| Total stockholders’ equity | 383,922 | 386,184 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $680,725 | $736,554 |
(1)Amounts in parentheses represent the aggregate balances at March 31, 2024 and December 31, 2023 attributable to variable interest entities consolidated by the Company. Refer to Note 4, Investments for further discussion.
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