COHEN & STEERS INC
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $106,474 | $187,442 |
| Investments ($68,244 and $159,931) (1) | 320,883 | 258,970 |
| Accounts receivable | 78,673 | 68,889 |
| Due from brokers ($101 and $13) (1) | 2,446 | 4,677 |
| Property and equipment—net | 69,659 | 66,336 |
| Operating lease right-of-use assets—net | 100,927 | 103,302 |
| Goodwill and intangible assets—net | 19,500 | 19,395 |
| Other assets ($76 and $644) (1) | 29,225 | 27,543 |
| Total assets | $727,787 | $736,554 |
| Liabilities: | ||
| Accrued compensation and benefits | $48,679 | $66,382 |
| Distribution and service fees payable | 8,314 | 10,144 |
| Operating lease liabilities | 140,595 | 140,408 |
| Income tax payable | 1,490 | 5,115 |
| Due to brokers ($102 and $119) (1) | 1,325 | 201 |
| Other liabilities and accrued expenses ($347 and $449) (1) | 14,832 | 21,657 |
| Total liabilities | 215,235 | 243,907 |
| Commitments and contingencies (See Note 11) | ||
| Redeemable noncontrolling interests | 14,491 | 106,463 |
| Stockholders' equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 57,458,126 shares issued and 50,555,483 shares outstanding at September 30, 2024; and 55,788,720 shares issued and 49,155,447 shares outstanding at December 31, 2023 | 574 | 558 |
| Additional paid-in capital | 931,510 | 818,269 |
| Accumulated deficit | (144,420) | (158,186) |
| Accumulated other comprehensive loss | (5,414) | (7,708) |
| Treasury stock, at cost, 6,902,643 and 6,633,273 shares at September 30, 2024 and December 31, 2023, respectively | (291,241) | (271,705) |
| Total stockholders’ equity attributable to Cohen & Steers, Inc. | 491,009 | 381,228 |
| Nonredeemable noncontrolling interests | 7,052 | 4,956 |
| Total stockholders’ equity | 498,061 | 386,184 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $727,787 | $736,554 |
(1)Amounts in parentheses represent the aggregate balances at September 30, 2024 and December 31, 2023 attributable to variable interest entities consolidated by the Company.
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