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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income (loss) $ (12,011) $ 48,045
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 11,424 11,337
Unrealized performance fee-related compensation 44,357 (10,923)
Amortization of deferred financing costs 326 108
Equity-based compensation 181,654 18,548
Change in deferred income taxes (14,102) 1,030
Fair value adjustment for acquisition-related contingent consideration 0 2,864
Adjustments to reconcile net income (loss) to net cash used in operating activities of Consolidated Funds:    
Unrealized investment income of Consolidated Funds (20,799) (7,307)
Purchases of investments of Consolidated Funds (57,696) (19,706)
Proceeds from sale of investments of Consolidated Funds 0 649
Changes in operating assets and liabilities:    
Fees and accounts receivable (9,637) (1,565)
Due from affiliates (9,891) (32,746)
Accounts payable, accrued expenses and other liabilities (14,726) 1,465
Accrued compensation and benefits 29,327 10,623
Due to affiliates 7,835 2,044
Lease right-of-use assets, net and lease liabilities 1,714 718
Changes in operating assets and liabilities of Consolidated Funds:    
Net cash provided by operating activities 46,282 50,170
Cash flows from investing activities    
Purchases of property and equipment (1,095) (575)
Net cash used in investing activities (11,793) (13,212)
Cash flows from financing activities    
Purchase of non-controlling interests (10,339) (5,398)
Proceeds from revolving credit facility 0 25,000
Deferred financing costs 0 (1,813)
Dividends paid to common stockholders (50,274) (23,807)
Payments to related parties under Tax Receivable Agreements (11,494) (9,802)
Other financing activities 0 1
Cash flows from financing activities of Consolidated Funds:    
Net cash used in financing activities (72,222) (22,899)
Effect of foreign currency exchange rate changes (7,416) (201)
Net increase (decrease) in cash, cash equivalents and restricted cash (45,149) 13,858
Cash, cash equivalents and restricted cash at beginning of period 289,804 182,312
Cash, cash equivalents and restricted cash at end of period 244,655 196,170
Non-cash operating, investing, and financing activities:    
Accrued dividends 746 294
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements (7,367) (6,376)
Settlement of non-controlling interests related to awards of carried interest allocations 0 55,579
Equity issued for redemption of redeemable non-controlling interests 0 97,383
Equity issued for purchase of non-controlling interests 160,876 0
Reconciliation of cash, cash equivalents and restricted cash:    
Restricted cash 524 735
Total cash, cash equivalents and restricted cash 244,655 196,170
Excluding Consolidated Funds    
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 191,469 141,633
Consolidated Funds    
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 52,662 53,802
Consolidated Entities, Excluding Legacy Entities    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized carried interest allocations and investment income (98,455) 23,990
Unrealized performance fee-related compensation 44,357 (10,923)
Cash flows from investing activities    
Contributions to investments (17,702) (11,702)
Distributions received from investments 6,222 1,690
Non-Controlling Interests in Legacy Greenspring Entities    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized carried interest allocations and investment income (36,398) 17,825
Unrealized performance fee-related compensation 34,772 (15,696)
Cash flows from investing activities    
Contributions to investments (422) (7,132)
Distributions received from investments 1,204 4,507
Cash flows from financing activities    
Proceeds from capital contributions from non-controlling interests 422 7,132
Distributions to non-controlling interests (2,961) (5,383)
Consolidated Entity, Excluding Consolidated VIE    
Changes in operating assets and liabilities:    
Other assets and receivables 8,198 (942)
Changes in operating assets and liabilities of Consolidated Funds:    
Other assets and receivables 8,198 (942)
Cash flows from financing activities    
Redemption of redeemable non-controlling interests 0 (12,968)
Cash flows from financing activities of Consolidated Funds:    
Redemptions of redeemable non-controlling interests in Consolidated Funds 0 (12,968)
Non-Controlling Interests in Subsidiaries    
Cash flows from financing activities    
Proceeds from capital contributions from non-controlling interests 1,518 0
Distributions to non-controlling interests (60,167) (30,114)
Consolidated funds    
Changes in operating assets and liabilities:    
Other assets and receivables 15,460 (303)
Changes in operating assets and liabilities of Consolidated Funds:    
Other assets and receivables 15,460 (303)
Other liabilities and payables (15,070) 112
Cash flows from financing activities    
Redemption of redeemable non-controlling interests (6,627) 0
Cash flows from financing activities of Consolidated Funds:    
Contributions from redeemable non-controlling interests in Consolidated Funds 67,700 34,253
Redemptions of redeemable non-controlling interests in Consolidated Funds (6,627) $ 0
Reconciliation of cash, cash equivalents and restricted cash:    
Restricted cash 524  
Consolidated funds | Excluding Consolidated Funds    
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 95,909  
Consolidated funds | Consolidated Funds    
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents $ 52,662