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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Loss from Discontinued Operations
Income (Loss) from discontinued operations is summarized as follows.
Year Ended December 31,
(In thousands)202320222021
Property operating income$774,226 $953,727 $1,500,032 
Other income8,895 21,559 106,826 
Total revenues783,121 975,286 1,606,858 
Property operating expense329,762 412,924 779,074 
Interest expense174,722 268,519 380,272 
Depreciation and amortization448,900 534,979 592,202 
Compensation and other expenses136,097 203,669 277,730 
Impairment loss— 35,985 317,405 
Equity method earnings (losses)(15,188)(45,489)(192,478)
Other gain (loss), net2,671 13,682 120,753 
Income (Loss) from discontinued operations before income taxes(318,877)(512,597)(811,550)
Income tax benefit (expense)(1,581)2,413 29,175 
Income (Loss) from discontinued operations(320,458)(510,184)(782,375)
Income (Loss) from discontinued operations attributable to noncontrolling interests:
Investment entities(260,120)(302,072)(528,125)
Operating Company(4,339)(15,893)(24,465)
Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc.$(55,999)$(192,219)$(229,785)
Schedule of Disclosure of Long Lived Assets and Liabilities Held-for-sale
(In thousands)December 31, 2023December 31, 2022
Assets
Cash and cash equivalents$— $62,690 
Restricted cash— 113,631 
Real estate— 5,921,298 
Investments1,342 280,019 
Goodwill— 463,120 
Intangible assets— 1,006,469 
Other assets356 573,368 
Total assets of discontinued operations$1,698 $8,420,595 
Liabilities
Debt$— $4,586,765 
Lease intangibles and other liabilities153 755,377 
Total liabilities of discontinued operations$153 $5,342,142 
Schedule of Consideration and Allocation to Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of cash consideration to TowerCo assets acquired and liabilities assumed, including capitalized transaction costs, in 2022.
(In thousands)
Real estate$363,121 
Intangible assets673,218 
ROU and other assets234,462 
Deferred tax liabilities(243,223)
Lease and other liabilities(236,324)
Fair value of net assets acquired$791,254 
The following table summarizes the total consideration and allocation to assets acquired and liabilities assumed. The initial cash consideration was determined, in part, based upon estimated net working capital of the acquired entities at closing. The purchase price allocation is provisional and will be finalized through the one year measurement period. Subsequent to the acquisition, certain adjustments were identified that affected the provisional accounting, as presented below. These were adjustments to net working capital and to the value of acquired interest in an InfraBridge fund based upon a revised NAV of the fund, applying new information about facts and circumstances that existed at the time of acquisition.
(In thousands)As Reported
At March 31, 2023
Measurement Period Adjustments
As Revised
At December 31, 2023
Consideration
Cash$364,338 $1,102 $365,440 
Estimated fair value of contingent consideration10,874 — 10,874 
$375,212 $376,314 
Assets acquired and liabilities assumed
Cash51,174 — 51,174 
Principal investments130,810 (18,500)112,310 
Intangible assets50,800 — 50,800 
Other assets27,682 7,017 34,699 
Deferred tax liabilities(10,198)— (10,198)
Other liabilities(21,625)(8,589)(30,214)
Fair value of net assets acquired 228,643 208,571 
Goodwill146,569 21,174 167,743 
$375,212 $376,314