CNS FY 2015 Earnings Report — Cohen & Steers, Inc. Revenue & Financial Results | Market Cap Arena

Cohen & Steers, Inc.CNS

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$330M	—	$314M	—	5.2%
Op. Income	$128M	—	$122M	—	4.6%
Gross Margin	56.4%	—	56.0%	—	0.4pp
Net Margin	19.5%	—	24.1%	—	-4.5pp
EPS (Diluted)	$1.41	—	$1.65	—	-14.5%
Free Cash Flow	$87M	—	$49M	—	79.5%

Revenue Flow

Item	Amount
REVENUE	$330M
Cost of Revenue	$144M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$51M
SG&A Expenses	$51M
Other Expenses	$8M
Operating Expenses	$59M
Cost & Expenses	$203M
OPERATING INCOME	$128M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$113M
Income Tax Expense	$48M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$6M
EBIT	$129M
EBITDA	$135M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$330M
Cost of Revenue	$144M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$51M
SG&A Expenses	$51M
Other Expenses	$8M
Operating Expenses	$59M
Cost & Expenses	$203M
OPERATING INCOME	$128M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$113M
Income Tax Expense	$48M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$6M
EBIT	$129M
EBITDA	$135M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$6M
Stock-Based Compensation	$23M
Deferred Income Tax	$7M
Other Non-Cash Items	$16M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$2M
Acquisitions (Net)	$1M
Purchases of Investments	-$6M
Sales/Maturities of Investments	$7M
Other Investing Activities	$0
NET CASH FROM INVESTING	$397.0K
Net Debt Issuance	$0
Common Stock Repurchased	-$19M
Common Dividends Paid	-$68M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$87M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$143M
Short-Term Investments	$54M
Net Receivables	$51M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$248M
PP&E (Net)	$10M
Goodwill	$18M
Intangible Assets	$2M
Long-Term Investments	$17M
Tax Assets	$6M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$58M
TOTAL ASSETS	$305M
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$17M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$45M
TOTAL LIABILITIES	$62M
Common Stock	$497.0K
Additional Paid-In Capital	$520M
Retained Earnings	-$148M
Treasury Stock	-$137M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$232M
Minority Interest	$11M
TOTAL EQUITY	$243M
TOTAL LIABILITIES & EQUITY	$305M
Total Debt	$0
Net Debt	-$143M