COHEN & STEERS, INC. CNS Income Statement

Cohen & steers, inc. (CNS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Revenue:
Total revenue
105,830	109,847	104,965	101,792	94,226	93,906	98,331	94,410	94,464	99,454	96,787	92,714	89,741	91,055	94,388	86,373	79,681	81,671	79,667	83,502	83,815	81,842	80,845	78,412	72,835	73,432	74,026	77,796	72,459	71,095	71,296	67,432	63,730	59,416	61,616	61,459	54,755	51,790	46,372	44,232	41,344
Expenses:
Employee compensation and benefits
38,617	34,993	37,877	36,846	33,715	34,504	33,126	32,506	31,156	32,395	31,886	30,412	29,383	28,329	30,951	28,287	28,040	27,440	25,892	28,395	25,983	26,142	26,679	25,876	24,035	22,377	24,058	24,895	23,377	18,821	25,101	22,927	21,668	20,694	21,873	21,818	19,986	20,198	18,085	17,251	16,124
Distribution and service fees
14,104	14,371	14,142	14,188	12,536	11,551	13,210	12,440	12,842	13,613	12,968	13,594	13,163	23,577	11,092	9,773	8,702	8,976	8,578	9,525	9,251	8,862	9,048	9,256	8,304	8,127	8,362	9,677	15,081	7,122	21,376	6,535	6,237	5,758	6,205	6,150	5,754	8,425	5,065	4,831	4,310
General and administrative
23,588	12,942	11,713	11,539	11,438	12,474	11,634	11,972	12,185	11,486	9,849	10,328	10,556	4,637	13,128	12,489	12,735	13,390	12,175	12,825	12,463	12,866	11,313	12,065	11,093	11,418	11,688	12,517	11,179	10,370	10,601	9,923	8,537	8,380	9,365	8,886	8,573	8,683	7,880	7,473	7,137
Depreciation and amortization
1,152	1,079	1,100	1,115	1,102	1,068	1,138	1,205	1,062	1,072	1,111	1,023	1,111	-1,348	2,004	1,693	1,897	1,513	1,545	1,586	1,569	2,167	1,478	1,547	1,262	4,505	1,423	1,340	1,347	1,344	1,384	1,438	1,396	1,296	1,279	1,295	1,186	1,138	1,126	1,113	1,154
Amortization of deferred commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	545	-	776	810	765	705	595	545	496	489	497	415	343	293	244	232	190
Total expenses
77,461	63,385	64,832	63,688	58,791	59,597	59,108	58,123	57,245	58,566	55,814	55,357	54,213	55,195	57,175	52,242	51,374	51,319	48,190	52,331	49,266	49,492	48,518	48,744	45,239	44,076	46,307	49,239	51,749	38,362	59,057	41,368	38,334	36,617	39,219	38,564	35,842	38,737	32,400	30,900	28,915
Operating income
28,369	46,462	40,133	38,104	35,435	34,309	39,223	36,287	37,219	40,888	40,973	37,357	35,528	35,860	37,213	34,131	28,307	30,352	31,477	31,171	34,549	32,350	32,327	29,668	27,596	29,356	27,719	28,557	20,710	32,733	12,239	26,064	25,396	22,799	22,397	22,895	18,913	13,053	13,972	13,332	12,429
Non-operating income:
Interest and dividend income—net
1,149	1,542	1,713	1,920	1,541	2,992	2,747	2,886	1,801	1,623	1,425	786	499	652	367	558	542	560	291	450	299	617	610	592	239	773	218	743	546	762	478	669	621	269	260	355	184	182	710	366	195
Gain (loss) from trading investmentsnet
-	-	-	-	-	-	-	-	-	-	-	-	273	-	-376	1,017	-207	-744	-1,386	205	-451	-	-	2,762	983	344	2,383	-10,963	1,624	831	3,999	-2,469	1,721	495	21	-99	-378	0	0	-371	189
Equity in earnings (losses) of affiliatesnet
-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	2,640	427	-2,738	-5,893	-666	-1,081	-	-	1,429	935	418	313	-427	536	336	71	-129	772	1,614	-5,248	627	-14	2,825	1,005	-1,361	541
Gain (loss) from investments—net
-22,027	1,463	4,472	1,874	13,864	-9,572	413	-603	-4,502	1,283	912	-194	19	3,921	944	158	-30	-2,599	-469	320	100	4,414	-3,501	52	1,076	751	180	837	491	197	437	-84	687	154	-368	232	358	-	2,124	3,281	-
Foreign currency gain (loss)—net
1,035	-1,653	432	742	-495	3,251	-2,113	-3,061	2,502	-67	-10	-331	-291	485	291	93	-89	-51	-270	-263	-419	59	-666	155	-52	-315	209	-368	-271	-595	330	21	-784	-123	502	191	825	166	650	135	-88
Total non-operating income (loss)
-19,843	1,352	6,617	4,536	14,910	-3,329	1,047	-778	-199	2,839	2,327	261	227	1,427	1,356	4,466	643	-5,572	-7,727	46	-1,552	-4,541	-3,557	4,990	3,181	1,971	3,303	-10,178	2,926	1,531	5,315	-1,992	3,017	2,409	-4,833	1,306	975	5,134	4,489	2,050	1,035
Income before provision for income taxes
8,526	47,814	46,750	42,640	50,345	30,980	40,270	35,509	37,020	43,727	43,300	37,618	35,755	37,287	38,569	38,597	28,950	24,780	23,750	31,217	32,997	27,809	28,770	34,658	30,777	31,327	31,022	18,379	23,636	34,264	17,554	24,072	28,413	25,208	17,564	24,201	19,888	18,187	18,461	15,382	13,464
Provision for income taxes
458	9,854	10,352	9,991	10,368	5,682	10,539	9,940	8,096	22,921	17,562	14,620	12,811	11,096	14,738	13,676	11,083	12,446	11,541	12,194	12,226	12,636	10,733	11,734	11,177	11,899	11,205	9,870	8,135	12,220	4,987	9,045	10,155	9,134	8,022	8,442	6,986	5,436	5,298	3,781	4,574
Net income
8,068	37,960	36,398	32,649	39,977	25,298	29,731	25,569	28,924	20,806	25,738	22,998	22,944	26,191	23,831	24,921	17,867	12,334	12,209	19,023	20,771	15,173	18,037	22,924	19,600	19,428	19,817	8,509	15,501	22,044	12,567	15,027	18,258	16,074	9,542	15,759	12,902	12,751	13,163	11,601	8,890
Less: Net (income) loss attributable to redeemable noncontrolling interests
-12,504	1,232	2,381	1,316	7,434	-263	-1,059	-4,390	1,338	408	656	-476	-41	23	-46	113	-216	-51	-129	11	-45	-525	-147	741	155	15	1,534	-6,773	360	321	2,306	-1,052	204	27	-64	80	-73	0	0	-2	10
Net income attributable to common stockholders
20,572	36,728	34,017	31,333	32,543	25,561	30,790	29,959	27,586	20,398	25,082	23,474	22,985	26,168	23,877	24,808	18,083	12,385	12,338	19,012	20,816	15,698	18,184	22,183	19,445	19,413	18,283	15,282	15,141	21,723	10,261	16,079	18,054	16,047	9,606	15,679	12,975	12,751	13,163	11,603	8,880
Earnings per share attributable to common stockholders:
Basic (in dollars per share)
0.43	0.78	0.72	0.66	0.69	0.54	0.66	0.64	0.59	0.43	0.54	0.51	0.50	0.57	0.52	0.54	0.39	0.27	0.27	0.42	0.46	0.35	0.41	0.49	0.44	0.45	0.41	0.34	0.34	0.50	0.23	0.37	0.41	0.38	0.22	0.36	0.30	0.30	0.31	0.27	0.20
Diluted (in dollars per share)
0.42	0.76	0.70	0.65	0.68	0.53	0.65	0.63	0.59	0.44	0.53	0.50	0.49	0.57	0.51	0.53	0.39	0.27	0.27	0.42	0.45	0.33	0.40	0.49	0.43	0.42	0.41	0.34	0.34	0.49	0.23	0.36	0.41	0.35	0.22	0.36	0.30	0.29	0.30	0.27	0.20
Dividends declared per share (in dollars per share)
0.39	-	0.36	0.36	0.36	-	0.33	0.33	0.33	-	0.28	0.28	0.28	-	0.26	0.26	0.26	-	0.25	0.25	0.25	-	0.22	0.22	0.22	-	0.20	0.20	0.20	-	0.18	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding:
Basic (shares)
47,651	47,326	47,316	47,304	47,146	46,844	46,830	46,819	46,683	46,410	46,386	46,373	46,243	46,013	45,999	45,984	45,808	45,529	45,500	45,462	45,241	44,855	44,839	44,825	44,633	44,328	44,317	44,306	44,137	43,833	43,822	43,808	43,601	43,252	43,237	43,220	43,051	85,331	42,756	42,730	42
Diluted (shares)
48,591	48,959	48,412	48,175	47,642	47,537	47,524	47,311	47,152	47,364	47,047	46,902	46,603	46,611	46,544	46,378	46,195	45,973	45,830	45,805	45,980	45,870	45,689	45,530	45,483	45,342	45,106	45,002	44,882	44,612	44,537	44,393	44,386	44,146	44,133	43,840	43,781	86,505	43,217	43,143	42
Investment advisory and administration fees
Total revenue
-	-	-	-	-	-	-	-	-	-	86,252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
97,289	103,538	96,763	91,473	86,804	90,664	90,352	84,420	84,434	180,329	2,727	82,236	79,608	73,602	86,079	79,090	73,088	75,269	73,487	77,221	77,752	76,063	75,210	72,907	67,564	67,658	67,704	70,353	65,394	63,463	63,224	59,687	58,155	55,310	58,048	57,469	51,052	48,008	42,909	40,835	38,092
Distribution and service fees
Total revenue
-	-	-	-	-	-	-	-	-	-	7,808	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
7,800	7,882	7,700	7,418	7,000	6,943	7,500	7,257	7,400	-	-	7,663	7,396	14,625	5,296	4,671	4,233	4,120	3,961	4,014	3,906	3,715	3,738	3,744	3,470	3,557	3,627	3,741	3,434	3,205	2,881	2,747	2,501	2,260	2,457	2,586	2,415	2,419	2,259	2,236	2,164
Other
Total revenue
758	-1,667	521	2,901	449	-3,740	528	2,733	2,630	-	-	2,815	2,737	2,828	3,013	2,612	2,360	2,282	2,219	2,267	2,157	2,064	1,897	1,761	1,801	2,217	2,695	3,702	3,631	4,427	5,191	4,998	3,074	1,846	1,111	1,404	1,288	1,363	1,204	1,161	1,088