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Evercore Partners Inc. (Parent Company Only) Financial Statements | 12 Months Ended
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Dec. 31, 2013
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Evercore Partners Inc. (Parent Company Only) Financial Statements | Evercore Partners Inc. (Parent Company Only) Financial Statements EVERCORE PARTNERS INC. (parent company only) CONDENSED STATEMENTS OF FINANCIAL CONDITION
| December 31,
| 2013 |  | 2012
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 531,380 |  |  | $ | 490,856 |
Deferred Tax Asset | 254,486 |  |  | 225,741 |
Other Assets | 6,656 |  |  | — |
TOTAL ASSETS | $ | 792,522 |  |  | $ | 716,597 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Payable to Related Party | $ | 8,881 |  |  | $ | 7,282 |
Taxes Payable | — |  |  | 11,872 |
Amounts Due Pursuant to Tax Receivable Agreement | 175,771 |  |  | 165,350 |
Long-term Debt - Notes Payable | 103,226 |  |  | 101,375 |
Other Liabilities | 2,063 |  |  | 2,212 |
TOTAL LIABILITIES | 289,941 |  |  | 288,091 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 40,772,434 and 35,040,501 issued at December 31, 2013 and 2012, respectively, and 33,069,534 and 29,576,986 outstanding at December 31, 2013 and 2012, respectively) | 408 |  |  | 350 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 42 and 43 issued and outstanding at December 31, 2013 and 2012, respectively) | — |  |  | — |
Additional Paid-In-Capital | 799,233 |  |  | 654,275 |
Accumulated Other Comprehensive Income (Loss) | (10,784 | ) |  | (9,086 | )
Retained Earnings (Deficit) | (59,896 | ) |  | (77,079 | )
Treasury Stock at Cost (7,702,900 and 5,463,515 shares at December 31, 2013 and 2012, respectively) | (226,380 | ) |  | (139,954 | )
TOTAL STOCKHOLDERS' EQUITY | 502,581 |  |  | 428,506 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 792,522 |  |  | $ | 716,597 |
See notes A to E to parent company only financial statements. EVERCORE PARTNERS INC. (parent company only) CONDENSED STATEMENTS OF OPERATIONS
| For the Years Ended December 31,
| 2013 |  | 2012 |  | 2011
REVENUES |  |  |  |  |
Interest Income | $ | 14,993 |  |  | $ | 7,955 |  |  | $ | 7,817 |
TOTAL REVENUES | 14,993 |  |  | 7,955 |  |  | 7,817 |
Interest Expense | 8,088 |  |  | 7,955 |  |  | 7,817 |
NET REVENUES | 6,905 |  |  | — |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | 6,905 |  |  | — |  |  | — |
Equity in Income of Subsidiary | 87,317 |  |  | 53,229 |  |  | 21,083 |
Provision for Income Taxes | 40,960 |  |  | 24,340 |  |  | 14,131 |
NET INCOME | $ | 53,262 |  |  | $ | 28,889 |  |  | $ | 6,952 |
See notes A to E to parent company only financial statements. EVERCORE PARTNERS INC. (parent company only) CONDENSED STATEMENTS OF CASH FLOWS
| For the Years Ended December 31,
| 2013 |  | 2012 |  | 2011
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 53,262 |  |  | $ | 28,889 |  |  | $ | 6,952 |
Undistributed Income of Subsidiary | (87,317 | ) |  | (53,229 | ) |  | (21,083 | )
Deferred Taxes | (28,745 | ) |  | — |  |  | — |
Accretion on Long-term Debt | 1,851 |  |  | 1,711 |  |  | 1,582 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | (6,656 | ) |  | 14,310 |  |  | 12,105 |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Payable to Uncombined Affiliates | — |  |  | — |  |  | 957 |
Taxes Payable | 11,872 |  |  | 11,872 |  |  | — |
Other Liabilities | 1,706 |  |  | (3,101 | ) |  | (574 | )
Net Cash Provided by (Used in) Operating Activities | (54,027 | ) |  | 452 |  |  | (61 | )
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Cash Paid for Acquisitions, net of cash acquired | — |  |  | — |  |  | (30,397 | )
Investment in Subsidiary | 90,949 |  |  | 24,239 |  |  | (22,994 | )
Net Cash Provided by (Used in) Investing Activities | 90,949 |  |  | 24,239 |  |  | (53,391 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Proceeds from Equity Offering | — |  |  | — |  |  | 168,140 |
Purchase of Evercore LP Units | (6,832 | ) |  | (395 | ) |  | (95,342 | )
Dividends | (30,090 | ) |  | (24,296 | ) |  | (19,346 | )
Net Cash Provided by (Used in) Financing Activities | (36,922 | ) |  | (24,691 | ) |  | 53,452 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | — |
CASH AND CASH EQUIVALENTS—Beginning of Year | — |  |  | — |  |  | — |
CASH AND CASH EQUIVALENTS—End of Year | $ | — |  |  | $ | — |  |  | $ | — |
See notes A to E to parent company only financial statements. EVERCORE PARTNERS INC. (parent company only) NOTES TO CONDENSED FINANCIAL STATEMENTS Note A – Organization Evercore Partners Inc. (the “Company”) was incorporated as a Delaware corporation on July 21, 2005. The Company did not begin meaningful operations until the reorganization discussed below. Pursuant to a reorganization into a holding company structure, the Company became a holding company and its sole asset is a controlling equity interest in Evercore LP. As the sole general partner of Evercore LP, the Company operates and controls all of the business and affairs of Evercore LP and, through Evercore LP and its subsidiaries, continues to conduct the business now conducted by these subsidiaries. Note B – Significant Accounting Policies Basis of Presentation. The Statements of Financial Condition, Operations and Cash Flows have been prepared in accordance with U.S. GAAP. Equity in Income of Subsidiary. The Equity in Income of Subsidiary represents the Company’s share of income from Evercore LP. Note C – Stockholders’ Equity The Company is authorized to issue 1,000,000 Class A Shares, par value $0.01 per share, and 1,000 shares of Class B common stock, par value $0.01 per share. All Class A Shares and shares of Class B common stock vote together as a single class. At December 31, 2013, the Company has issued 40,772 Class A Shares. The Company canceled three shares and granted two shares of Class B common stock in exchange for $1.00, which were held by certain limited partners of Evercore LP during the twelve months ended December 31, 2013. During 2013, the Company purchased 983 Class A Shares primarily from employees at values ranging from $22.24 to $55.12 per share primarily for the net settlement of stock-based compensation awards and 1,298 Class A Shares at market values ranging from $36.00 to $41.00 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $87,620 on the Company’s Statement of Financial Condition as of December 31, 2013. During 2013, the Company issued 39 Class A Shares from treasury stock as payment of contingent consideration in connection with the MJC Associates Agreement and 3 Class A Shares to a former employee. The result of these issuances was a decrease in Treasury stock of $1,194 on the Company's Statement of Financial Condition as of December 31, 2013. During the year ended December 31, 2013, the Company declared and paid dividends of $0.91 per share, totaling $30,090 which were wholly funded by the Company’s sole subsidiary, Evercore LP. As discussed in Note 17 to the consolidated financial statements, both the LP Units and RSUs are exchangeable into Class A Shares on a one-for-one basis once vested. Note D – Issuance of Notes Payable and Warrants On August 21, 2008, the Company entered into a Purchase Agreement with Mizuho pursuant to which Mizuho purchased from the Company Senior Notes and Warrants expiring 2020. See Note 12 to the consolidated financial statements. Note E – Commitments and Contingencies As of December 31, 2013, as discussed in Note 12 to the consolidated financial statements, the Company estimates the contractual obligations related to the Senior Notes to be $163,680. Pursuant to the Senior Notes, we expect to make payments to the notes’ holder of $6,240 within one year or less, $12,480 in one to three years, $12,480 in three to five years and $132,480 after five years. As of December 31, 2013, as discussed in Note 18 to the consolidated financial statements, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $184,643. The company expects to pay to the counterparties to the Tax Receivable Agreement $8,872 within one year or less, $29,928 in one to three years, $33,330 in three to five years and $112,513 after five years. Interest Income on the Company's Statement of Operations includes $6,905 from changes in amounts due pursuant to the Company's tax receivable agreement for the year ended December 31, 2013.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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