Cohen & Steers, Inc. (CNS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -51.36M | 56M | 55.08M | -67.64M | -108.95M | 34.83M | 25.63M | 31.37M | 4.86M | 58.58M | 74.67M | 53.68M | -14.97M | 58.03M | 52.42M | 57.68M | -106.45M | 71.94M | 80.94M | 81.11M |
| Operating CF Margin % | -35.02% | 38.94% | 38.87% | -47.48% | -77.91% | 24.06% | 18.49% | 24.75% | 3.84% | 47.47% | 60.34% | 43.27% | -11.87% | 45.4% | 37.45% | 39.12% | -69.04% | 45.06% | 52.5% | 56.22% |
| Operating CF Growth % | 52.85% | 60.79% | 114.96% | -315.58% | -2340.35% | -40.54% | -65.68% | -41.55% | 132.49% | 0.94% | 42.45% | -6.93% | 85.94% | -19.33% | -35.24% | -28.89% | -1294.31% | 3500.35% | 156.25% | 32.63% |
| Net Income | 41.22M | 35.69M | 41.63M | 41.77M | 43.29M | 43.02M | 55.28M | 30.08M | 34.41M | 29.82M | 25.17M | 32.51M | 36.3M | 32.5M | 44.57M | 51.96M | 46.84M | 69.93M | 51.48M | 46.58M |
| Depreciation & Amortization | 3.13M | -14.11M | 3M | 2.83M | 2.83M | 2.87M | 2.74M | 2.89M | 2.67M | 5.4M | 4.68M | 5.11M | 4.97M | 5.07M | 4.14M | 4.09M | 4.05M | 3.99M | 3.98M | 10.43M |
| Stock-Based Compensation | 10.79M | 34.58M | 12.34M | 12.16M | 11.38M | 10.87M | 14.52M | 13.92M | 13M | 11.13M | 10.92M | 11.71M | 10.7M | 12.89M | 0 | 12.38M | 11.76M | 9.47M | 10.21M | 11.43M |
| Deferred Taxes | 7.86M | -5.15M | -1.49M | -2.23M | 5.71M | -396K | -1.06M | -3.01M | 4.16M | 8.53M | -8.47M | -2.89M | 3.37M | 246K | -3.28M | -1.65M | 3.49M | -1.71M | -2.33M | -781K |
| Other Non-Cash Items | 601K | -4.91M | -642K | -3.48M | -833K | 5.88M | -21.55M | 3.24M | 1.74M | -11.91M | 9.33M | 334K | 433K | -2.62M | 15.87M | 4.25M | 1.93M | -7.34M | 672K | -2.82M |
| Working Capital Changes | -114.97M | 9.89M | 245K | -118.69M | -171.32M | -27.41M | -24.3M | -15.75M | -51.12M | 15.61M | 33.04M | 6.91M | -70.73M | 9.96M | -8.89M | -13.35M | -174.51M | -2.41M | 16.93M | 16.27M |
| Change in Receivables | -9.41M | -11.01M | 4M | -4.17M | -6.85M | 1.97M | -34.69M | 23.73M | -19.31M | 878K | -7.32M | 9.14M | -6.25M | 10.65M | 0 | 12.22M | -6.31M | 5.52M | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.02M | -2.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.71M | 0 | 0 | 2.37M | 0 | 0 | 0 | 44.5M | 0 | 0 | 0 |
| Cash from Investing | -24.81M | 24.85M | -35.26M | 2.53M | 2M | 23.11M | -39.08M | -74.38M | -29.36M | 13.26M | -96.81M | 3.79M | -35.01M | 42.05M | -1.31M | -13.23M | -30.37M | 10.38M | -880K | -1.05M |
| Capital Expenditures | 0 | -282K | -2.49M | -2.13M | -1.07M | -1.68M | -1.41M | -4.24M | -4.33M | -10.85M | -26.01M | -15.54M | -4.59M | -1.27M | -1.39M | -881K | -681K | -815K | -996K | -453K |
| CapEx % of Revenue | - | 0.2% | 1.76% | 1.5% | 0.77% | 1.16% | 1.02% | 3.34% | 3.42% | 8.79% | 21.02% | 12.53% | 3.64% | 1% | 0.99% | 0.6% | 0.44% | 0.51% | 0.65% | 0.31% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 508.63M | 437.27M | 415.79M | 357.63M | 473.38M | 335.38M | 320.88M | 371.35M | 273.65M | 258.97M | 256.93M | 188.23M | 211.35M | 172.96M | 201.71M | 308.43M | 284.5M | 154.65M | 138.04M | 138.17M |
| Other Investing | 108K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8K |
| Cash from Financing | -13.65M | -33.13M | -17.01M | 93.81M | -10.54M | 13.11M | 3.56M | 65.76M | -64.26M | -19.89M | -22.06M | -30.58M | -46.52M | -20.15M | -9.97M | 445K | 38.65M | -65.75M | -21.52M | -23.66M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -16.52M | -599K | -58K | -371K | -25.65M | -1.35M | 189K | 68.33M | -19.36M | -858K | -50K | 104K | -20.05M | -782K | 88K | 132K | -25.21M | -1.08M | 197K | 183K |
| Dividends Paid | -34.52M | -31.75M | -31.75M | -31.71M | -31.71M | -30M | -29.98M | -29.9M | -29.3M | -28.09M | -28.16M | -28.1M | -28.1M | -26.84M | -26.84M | -26.84M | -26.83M | -82.33M | -21.77M | -21.73M |
| Share Repurchases | -16.92M | -1.56M | -258K | -621K | -25.98M | -1.54M | -68K | -134K | -19.36M | -858K | -50K | -187K | -20.44M | -944K | -113K | -173K | -25.59M | -1.23M | -30K | -81K |
| Other Financing | 37.39M | -779K | 14.79M | 125.89M | 46.81M | 44.45M | 33.36M | 27.33M | -15.6M | 9.05M | 6.15M | -2.58M | 1.64M | 7.47M | 16.79M | 27.15M | 90.69M | 17.66M | 47K | -2.11M |
| Net Change in Cash | -90.29M | 47.4M | 2.9M | 29.59M | -117.02M | 67.47M | -7.09M | 22.65M | -89.47M | 53.97M | -45.52M | 27.52M | -95.08M | 83.47M | 38.67M | 41.75M | -99.56M | 16.88M | 57.24M | 56.51M |
| Free Cash Flow | -51.36M | 55.72M | 52.59M | -69.77M | -110.02M | 33.15M | 24.22M | 27.14M | 537K | 47.73M | 48.66M | 38.14M | -19.55M | 56.76M | 51.03M | 56.8M | -107.13M | 71.12M | 79.95M | 80.66M |
| FCF Margin % | -35.02% | 38.75% | 37.11% | -48.98% | -78.68% | 22.9% | 17.47% | 21.4% | 0.42% | 38.68% | 39.33% | 30.74% | -15.51% | 44.4% | 36.46% | 38.53% | -69.48% | 44.55% | 51.85% | 55.91% |
| FCF Growth % | 53.32% | 68.08% | 117.18% | -357.13% | -20588.45% | -30.55% | -50.23% | -28.85% | 102.75% | -15.91% | -4.64% | -32.86% | 81.75% | -20.19% | -36.17% | -29.58% | -1363.03% | 4777.91% | 156.33% | 33.47% |
| FCF per Share | -1.00 | 1.08 | 1.02 | -1.36 | -2.14 | 0.64 | 0.47 | 0.53 | 0.01 | 0.96 | 0.98 | 0.77 | -0.40 | 1.15 | 1.03 | 1.15 | -2.17 | 1.44 | 1.62 | 1.65 |
| FCF Conversion (FCF/Net Income) | -1.21x | 1.61x | 1.32x | -1.84x | -2.74x | 0.76x | 0.65x | 0.99x | 0.14x | 1.96x | 2.32x | 1.69x | -0.42x | 1.79x | 1.18x | 1.11x | -2.53x | 1.12x | 1.57x | 1.74x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |