COHEN & STEERS INC
For the period ended Jun 30, 2024. Filed Aug 2, 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.
Jun 30, 2024 · Filed Aug 2, 2024
CNS$73.67-1.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Investment advisory and administration fees | $114,577 | $113,118 | $229,922 | $231,152 |
| Distribution and service fees | 6,631 | 6,977 | 13,448 | 14,539 |
| Other | 513 | 535 | 1,061 | 1,021 |
| Total revenue | 121,721 | 120,630 | 244,431 | 246,712 |
| Expenses: | ||||
| Employee compensation and benefits | 53,097 | 48,893 | 105,100 | 97,750 |
| Distribution and service fees | 13,270 | 13,329 | 26,665 | 27,545 |
| General and administrative | 14,684 | 16,728 | 29,477 | 33,850 |
| Depreciation and amortization | 2,268 | 839 | 4,522 | 1,827 |
| Total expenses | 83,319 | 79,789 | 165,764 | 160,972 |
| Operating income | 38,402 | 40,841 | 78,667 | 85,740 |
| Non-operating income (loss): | ||||
| Interest and dividend income—net | 5,057 | 3,428 | 8,976 | 6,644 |
| Gain (loss) from investments—net | (2,018) | 356 | (1,034) | 48 |
| Foreign currency gain (loss)—net | (483) | (1,134) | (349) | (2,410) |
| Total non-operating income (loss) | 2,556 | 2,650 | 7,593 | 4,282 |
| Income before provision for income taxes | 40,958 | 43,491 | 86,260 | 90,022 |
| Provision for income taxes | 10,881 | 10,986 | 21,769 | 21,219 |
| Net income | 30,077 | 32,505 | 64,491 | 68,803 |
| Net (income) loss attributable to noncontrolling interests | 1,694 | (727) | 1,284 | (1,711) |
| Net income attributable to common stockholders | $31,771 | $31,778 | $65,775 | $67,092 |
| Earnings per share attributable to common stockholders: | ||||
| Basic | $0.63 | $0.64 | $1.32 | $1.36 |
| Diluted | $0.63 | $0.64 | $1.31 | $1.36 |
| Weighted average shares outstanding: | ||||
| Basic | 50,419 | 49,315 | 49,994 | 49,257 |
| Diluted | 50,770 | 49,463 | 50,303 | 49,433 |
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