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StepStone Group Inc. STEP Contributions from noncontrolling interests

Contributions from noncontrolling interests at other companies

Blackstone logo
BlackstoneBX
$496.55M+118%
Hamilton Lane logo
Hamilton LaneHLNE
$14K+1,300%
GCM Grosvenor Inc. logo
GCM Grosvenor Inc.GCMG
$751K-23.2%
Lazard logo
LazardLAZ
$151K+51.0%

Other financials

Income statement

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Revenue$378.9M+4.0%
Net income-$115.8M-201%
EPS (diluted)-$1.41-188%

Balance sheet

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Cash & equivalents$703.1M+187%
Total debt$391.5M+2.5%
Total equity-$539.2M-450%
Total assets$7.8B+62.4%

Cash flow

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Operating cash flow-$457.5M-1,089%
CapEx$549.0K-49.9%
Free cash flow-$458.1M-1,114%

Valuation

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Market cap$3.82B-16.9%
Enterprise value$3.51B-25.9%
P/S1.9×-1.5×

Profitability

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Net margin-30.5%+112pp
FCF margin11.8%

Returns & leverage

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Return on equity-88.8%-97.7pp
Debt / equity2.5×+1.7×

Where this comes from

Reported directly by StepStone Group Inc. in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromMinorityShareholders.

The source filing: StepStone Group Inc.’s 10-Q, filed August 7, 2023.

Filed
Aug 7, 2023
Fiscal quarter
Q1 FY2024
Calendar quarter
Q2 2023
Accession
0001796022-23-000049
Line itemThree Months Ended June 30, 2023Three Months Ended June 30, 2022
Dividends paid to common stockholders(28,277)(12,220)
Payments to related parties under Tax Receivable Agreements(7,670)(4,790)
Cash flows from financing activities of Consolidated Funds:
Contributions from redeemable non-controlling interests in Consolidated Funds15,535
Net cash used in financing activities(43,973)(60,718)
Effect of foreign currency exchange rate changes(716)720
Net decrease in cash, cash equivalents and restricted cash(1,588)(10,117)
Cash, cash equivalents and restricted cash at beginning of period129,517117,449

Item 1. Financial Statements

FAQ

What is StepStone Group Inc.'s contributions from noncontrolling interests?
StepStone Group Inc. (STEP) reported contributions from noncontrolling interests of $15.54M in Q2 2023.
What does contributions from noncontrolling interests mean?
Cash contributions received from minority interest holders in partially owned subsidiaries, increasing their investment.

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