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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 1,190.3 $ 1,266.0
Cash and cash equivalents held at Consolidated Funds 570.9 830.4
Restricted cash 9.0 0.5
Investments, including accrued performance allocations of $6,985.8 and $7,053.5 as of March 31, 2025 and December 31, 2024, respectively 10,739.9 10,936.7
Investments of Consolidated Funds 9,329.8 7,782.4
Due from affiliates and other receivables, net 790.2 805.6
Due from affiliates and other receivables of Consolidated Funds, net 228.3 237.1
Fixed assets, net 188.2 185.3
Lease right-of-use assets, net 356.1 341.4
Deposits and other 67.4 56.4
Intangible assets, net 603.2 634.1
Deferred tax assets 22.2 27.6
Total assets 24,095.5 23,103.5
Liabilities and equity    
Debt obligations 2,156.1 2,143.5
Loans payable of Consolidated Funds 7,801.7 6,864.2
Accounts payable, accrued expenses and other liabilities 367.1 389.8
Accrued compensation and benefits 5,063.5 5,446.6
Due to affiliates 292.8 241.9
Deferred revenue 421.5 138.7
Deferred tax liabilities 106.0 137.0
Other liabilities of Consolidated Funds 955.9 861.6
Lease liabilities 501.1 488.6
Accrued giveback obligations 44.6 44.0
Total liabilities 17,710.3 16,755.9
Commitments and contingencies
Common stock, $0.01 par value, 100,000,000,000 shares authorized (360,881,683 and 357,183,632 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively) 3.6 3.6
Additional paid-in-capital 3,997.7 3,892.3
Retained earnings 1,864.8 2,040.8
Accumulated other comprehensive loss (288.7) (329.8)
Non-controlling interests in consolidated entities 807.8 740.7
Total equity 6,385.2 6,347.6
Total liabilities and equity $ 24,095.5 $ 23,103.5