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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 1,266.0 $ 1,440.3
Cash and cash equivalents held at Consolidated Funds 830.4 346.0
Restricted cash 0.5 1.8
Investments, including accrued performance allocations of $7,053.5 and $6,169.9 as of December 31, 2024 and 2023, respectively 10,936.7 9,955.3
Investments of Consolidated Funds 7,782.4 7,253.1
Due from affiliates and other receivables, net 805.6 691.6
Due from affiliates and other receivables of Consolidated Funds, net 237.1 141.0
Fixed assets, net 185.3 161.5
Lease right-of-use assets, net 341.4 332.2
Deposits and other 56.4 70.6
Intangible assets, net 634.1 766.1
Deferred tax assets 27.6 16.5
Total assets 23,103.5 21,176.0
Liabilities and equity    
Debt obligations 2,143.5 2,281.0
Loans payable of Consolidated Funds 6,864.2 6,486.5
Accounts payable, accrued expenses and other liabilities 389.8 333.8
Accrued compensation and benefits 5,446.6 4,922.2
Due to affiliates 241.9 275.9
Deferred revenue 138.7 140.3
Deferred tax liabilities 137.0 45.3
Other liabilities of Consolidated Funds 861.6 374.4
Lease liabilities 488.6 488.1
Accrued giveback obligations 44.0 44.0
Total liabilities 16,755.9 15,391.5
Commitments and contingencies
Common stock, $0.01 par value, 100,000,000,000 shares authorized (357,183,632 and 361,326,172 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively) 3.6 3.6
Additional paid-in capital 3,892.3 3,403.0
Retained earnings 2,040.8 2,082.1
Accumulated other comprehensive loss (329.8) (297.3)
Non-controlling interests in consolidated entities 740.7 593.1
Total equity 6,347.6 5,784.5
Total liabilities and equity $ 23,103.5 $ 21,176.0