← GCM Grosvenor Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $63.7m |
$60.0m
-5.79%
|
($67.6m)
-212.72%
|
$142.1m
+310.07%
|
$79.5m
-44.05%
|
($29.2m)
-136.75%
|
$36.6m
+225.33%
|
$142.0m
+288.05%
|
— | |
| Depreciation and amortization expense | $11.7m | $10.3m | $9.8m | $4.0m | $3.9m | $2.7m | $3.3m | $4.4m | $4.3m | |
| Amortization of debt issuance costs | $1.7m | $1.6m | $1.3m | $1.0m | $1.1m | $1.1m | $902k | $776k | — | |
| Amortization of terminated swap | — | $0 | $0 | $4.6m | $4.2m | ($6.7m) | ($7.6m) | ($7.6m) | — | |
| Deferred income tax expense | $0 | $0 | $629k | $5.7m | $5.8m | $2.8m | $7.8m | $4.1m | $3.8m | |
| Establishment of deferred tax assets, net related to non-cash activities | — | — | — | — | $28k | $384k | ($492k) | ($768k) | — | |
| Accrued compensation and employee related obligations | — | — | — | $24.5m | ($40.2m) | $8.2m | $13.2m | ($6.4m) | — | |
| Accrued expenses and other liabilities | $2.2m | $101k | ($2.6m) | ($31.8m) | ($1.0m) | $2.2m | $2.7m | $3.4m | — | |
| Non-cash premises and equipment additions in accrued expenses and other liabilities | — | — | — | $0 | $0 | $693k | $781k | $1.8m | — | |
| Other | $539k | $526k | $94k | $462k | $87k | $513k | $519k | $97k | — | |
| Other assets | $2.0m | ($5.9m) | ($16.6m) | $23.0m | ($1.1m) | $2.3m | ($3.5m) | ($7.5m) | — | |
| Net cash provided by operating activities | $117.0m |
$96.2m
-17.80%
|
$68.2m
-29.13%
|
$178.8m
+162.29%
|
$216.5m
+21.09%
|
$92.1m
-57.48%
|
$148.8m
+61.60%
|
$183.5m
+23.37%
|
$202.0m
+10.06%
|
|
| Purchases of premises and equipment | ($868k) | ($4.0m) | ($1.3m) | ($577k) | ($782k) | ($3.8m) | ($16.7m) | ($8.5m) | — | |
| Proceeds received from investments | $18.3m | $10.3m | $8.1m | $21.3m | $21.8m | $10.5m | $13.1m | $16.8m | — | |
| Contributions/subscriptions to investments | ($23.2m) | ($21.5m) | ($23.9m) | ($40.3m) | ($29.4m) | ($27.6m) | ($26.2m) | ($34.7m) | — | |
| Distributions from investments | $32.0m | $31.6m | $19.7m | $11.5m | $20.1m | $12.6m | $11.1m | $16.7m | — | |
| Net cash used in investing activities | $8.0m | $6.1m | ($5.5m) | ($28.1m) | ($10.1m) | ($18.8m) | ($31.8m) | ($26.5m) | ($35.9m) | |
| Loss on extinguishment of debt | $0 | $0 | $1.5m | $675k | $0 | $0 | $157k | $0 | — | |
| Debt issuance costs | ($1.3m) | $0 | $0 | ($3.1m) | $0 | $0 | ($556k) | $0 | — | |
| Payments to repurchase Class A common stock | — | $0 | $0 | ($887k) | ($26.4m) | ($4.5m) | $0 | ($30.7m) | — | |
| Dividends paid | — | $0 | $0 | ($14.5m) | ($18.4m) | ($20.3m) | ($20.5m) | ($25.3m) | ($27.8m) | |
| Net cash used in financing activities | ($153.8m) |
($90.9m)
+40.91%
|
$54.8m
+160.26%
|
($251.3m)
-558.89%
|
($215.1m)
+14.41%
|
($113.7m)
+47.15%
|
($70.4m)
+38.08%
|
($4.9m)
+93.09%
|
($95.6m)
-1867.39%
|
|
| Net increase (decrease) in cash and cash equivalents | ($29.0m) | $11.8m | $118.3m | ($102.0m) | ($11.0m) | ($40.8m) | $45.1m | $152.7m | — | |
| Effect of exchange rate changes on cash | ($182k) | $314k | $884k | ($1.4m) | ($2.4m) | ($372k) | ($1.5m) | $492k | ($618k) | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Equity-based compensation, equity-classified awards | $1.8m | $4.0m | $4.6m | $3.3m | $1.3m | $21.6m | $31.4m | $40.4m | — | |
| Other non-cash compensation | — | — | — | $3.3m | $1.3m | $1.2m | $558k | $448k | — | |
| Partnership interest-based compensation | $19.5m | $30.2m | $172.4m | $27.7m | $31.8m | $103.9m | $72.1m | $46.2m | — | |
| Change in fair value of warrant liabilities | — | $0 | $13.3m | ($7.9m) | ($20.6m) | ($1.4m) | $16.1m | ($21.7m) | — | |
| Change in payable to related parties pursuant to tax receivable agreement | — | — | $0 | $0 | ($729k) | $1.6m | $859k | ($1.8m) | — | |
| Non-cash investment income | ($17.0m) | ($7.5m) | ($10.7m) | ($52.5m) | ($10.1m) | ($11.6m) | ($15.6m) | ($16.3m) | — | |
| Non-cash lease expense | — | — | $0 | $0 | $3.9m | $6.9m | $5.6m | $3.8m | — | |
| Management fees receivable | ($291k) | $5.1m | ($595k) | ($7.2m) | $2.8m | ($6.2m) | ($3.4m) | $4.6m | — | |
| Incentive fees receivable | $7.6m | ($7.2m) | ($48.7m) | ($22.2m) | $75.1m | ($10.9m) | ($31.0m) | ($15.5m) | — | |
| Due from related parties | ($1.2m) | ($3.5m) | ($1.1m) | ($451k) | ($1.3m) | ($462k) | $900k | ($1.9m) | — | |
| Lease liabilities | — | — | $0 | $0 | ($5.5m) | ($7.0m) | $4.2m | ($4.8m) | — | |
| Capital contributions received from noncontrolling interest | $6.4m | $4.7m | $177.8m | $3.5m | $1.8m | $2.3m | $1.9m | $3.2m | — | |
| Capital distributions paid to partners and member | ($82.2m) | ($69.6m) | ($153.7m) | ($77.9m) | ($118.3m) | ($58.3m) | ($69.6m) | ($82.2m) | — | |
| Capital distributions paid to the noncontrolling interest | ($49.2m) | ($43.7m) | ($39.8m) | ($81.2m) | ($37.4m) | ($15.4m) | ($12.4m) | ($14.9m) | — | |
| Proceeds from senior loan issuance | — | $0 | $0 | $110.0m | $0 | $0 | $50.0m | $0 | — | |
| Principal payments on senior loan | ($27.4m) | ($7.3m) | ($91.2m) | ($53.3m) | ($4.0m) | ($4.0m) | ($3.2m) | ($4.4m) | — | |
| Proceeds from exercise of warrants | $0 | $0 | $6.7m | $24.5m | $0 | $0 | $0 | $119.7m | — | |
| Settlement of equity-based compensation in satisfaction of withholding tax requirements | — | $0 | $0 | ($6.9m) | ($6.4m) | ($10.2m) | ($12.7m) | ($16.2m) | — | |
| Proceeds from Share Purchase Agreement, net | — | — | — | — | — | $0 | $0 | $49.8m | — | |
| Payments to related parties, pursuant to tax receivable agreement | — | — | $0 | $0 | ($3.3m) | ($3.2m) | ($3.2m) | ($3.8m) | — | |
| Beginning of year | $68.1m | $79.9m | $198.1m | $96.2m | $85.2m | $44.4m | $89.5m | $242.1m | — | |
| Cash paid during the year for interest | $23.6m | $22.7m | $21.5m | $13.8m | $18.4m | $30.0m | $32.3m | $28.6m | — | |
| Cash paid during the year for income taxes, net | $1.4m | $1.7m | $3.2m | $4.4m | $8.5m | $3.4m | $5.0m | $6.5m | — | |
| Non-cash ROU assets obtained in exchange for new and extended operating leases | $117.0m | $96.2m | $68.2m | $0 | $693k | $34.1m | $9.1m | $3.0m | $202.0m | |
| Non-cash adjustment to operating lease right-of-use assets from lease modification | $117.0m | $96.2m | $68.2m | $0 | $0 | ($836k) | ($790k) | ($444k) | $202.0m | |
| Deemed contributions from GCMH Equityholders | $19.5m | $30.2m | $172.4m | $27.7m | $31.8m | $103.9m | $72.1m | $46.2m | — | |
| Non-cash change in payable to related parties pursuant to tax receivable agreement | — | — | — | — | — | $1.6m | $859k | $7.0m | — |