|
Total operating expenses
|
|
$303.4m
|
$331.4m
|
$470.8m
|
$422.2m
|
$366.2m
|
$456.8m
|
$440.5m
|
$424.1m
|
|
Operating income (loss)
|
|
$75.1m
|
$85.0m
|
($40.9m)
|
$109.4m
|
$80.3m
|
($11.8m)
|
$73.5m
|
$133.5m
|
|
Employee compensation and benefits
|
|
$210.4m
|
$243.0m
|
$388.5m
|
$333.8m
|
$277.3m
|
$356.0m
|
$336.2m
|
$319.3m
|
|
General, administrative and other
|
|
$93.0m
|
$88.5m
|
$82.4m
|
$88.4m
|
$88.9m
|
$100.8m
|
$104.3m
|
$104.8m
|
|
Investment income
|
|
$17.0m
|
$7.5m
|
$10.7m
|
$52.5m
|
$10.1m
|
$11.6m
|
$15.6m
|
$16.3m
|
|
Other income
|
|
($542k)
|
($4.5m)
|
($9.6m)
|
$3.4m
|
$1.4m
|
$1.0m
|
$1.3m
|
$6.3m
|
|
Change in fair value of warrant liabilities
|
|
—
|
$0
|
($13.3m)
|
$7.9m
|
$20.6m
|
$1.4m
|
($16.1m)
|
$21.7m
|
|
Income (loss) before income taxes
|
|
$65.1m
|
$62.3m
|
($63.1m)
|
$153.1m
|
$89.1m
|
($21.5m)
|
$50.2m
|
$154.9m
|
|
Provision for income taxes
|
|
$1.4m
|
$2.3m
|
$4.5m
|
$11.0m
|
$9.6m
|
$7.7m
|
$13.6m
|
$12.9m
|
|
Total operating revenues
|
|
$378.5m
|
$416.4m
|
$430.0m
|
$531.6m
|
$446.5m
|
$445.0m
|
$514.0m
|
$557.6m
|
|
Net income (loss)
|
|
$63.7m
|
$60.0m
|
($67.6m)
|
$142.1m
|
$79.5m
|
($29.2m)
|
$36.6m
|
$142.0m
|
|
Net income attributable to GCM Grosvenor Inc.
|
|
$0
|
$0
|
$7.5m
|
$21.5m
|
$19.8m
|
$12.8m
|
$18.7m
|
$45.4m
|
|
Less: Net income attributable to noncontrolling interests in subsidiaries
|
|
$24.5m
|
$13.2m
|
$11.6m
|
$36.9m
|
$6.8m
|
$5.0m
|
$2.5m
|
$3.5m
|
|
Less: Net income (loss) attributable to noncontrolling interests in GCMH
|
|
$39.2m
|
$46.8m
|
($100.8m)
|
$63.8m
|
$52.8m
|
($47.0m)
|
$15.4m
|
$93.2m
|
|
Basic (in dollars per share)
|
|
$0.00
|
$0.00
|
($1.69)
|
$3.25
|
$1.81
|
($0.68)
|
$0.82
|
$2.73
|
|
Diluted (in dollars per share)
|
|
$0.00
|
$0.00
|
($0.37)
|
$0.75
|
$0.42
|
($0.16)
|
$0.19
|
$0.72
|
|
Interest expense
|
|
($26.5m)
|
($25.7m)
|
($23.4m)
|
($20.1m)
|
($23.3m)
|
($23.7m)
|
($24.2m)
|
($22.8m)
|
|
Net other income (expense)
|
|
($10.0m)
|
($22.7m)
|
($22.3m)
|
$43.7m
|
$8.8m
|
($9.7m)
|
($23.3m)
|
$21.5m
|