Cohen & Steers, Inc. cash flow statement

In fiscal 2025, Cohen & Steers, Inc.'s operations generated −$120m of cash; it spent $6.0m on capital projects, leaving free cash flow of −$126m. It returned $127m in dividends and $28.4m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cohen & Steers, Inc.: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	22	54	72	20	76	55	90	115	64	73	141	89	243	62	172	97	−120	38
Depreciation and amortisation	—	4	5	5	6	5	4	4	4	4	4	5	4	4	4	9	10	10
Stock-based pay	13	15	19	18	22	25	23	22	22	25	28	29	40	49	44	52	46	43
Capital spending	2	3	3	3	6	6	2	10	3	3	3	3	3	4	57	12	6	0
Free cash flow	20	51	70	17	70	49	87	105	61	69	139	87	240	57	115	85	−126	38
Free cash flow after stock pay	7	36	51	−1	48	24	65	83	39	45	111	57	200	8	71	33	−172	−5
Dividends paid	8	102	69	97	80	84	68	71	98	179	163	122	148	107	112	119	127	135
Share buybacks	2	3	7	8	8	12	19	8	9	11	10	26	23	27	22	21	28	19
Shares issued	1	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	—

US$ millions unless shown otherwise. Fiscal quarters.

Cohen & Steers, Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	35	−109	−68	55	1	−51	67	21
Depreciation and amortisation	2	2	2	3	3	3	3	3
Stock-based pay	11	11	12	12	10	11	11	11
Capital spending	2	1	2	2	0	—	—	1
Free cash flow	33	−110	−70	53	1	—	—	20
Free cash flow after stock pay	22	−121	−82	40	−9	—	—	9
Shares issued	—	0	—	—	—	0	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Cohen & Steers, Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cohen & Steers, Inc.