XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Investment Banking:(1)        
Advisory Fees [1] $ 305,949 $ 332,753 $ 1,047,259 $ 939,841
Underwriting Fees [1] 11,440 11,034 62,784 30,170
Commissions and Related Fees [1] 45,337 45,390 139,447 148,898
Asset Management and Administration Fees(1) [1] 12,678 16,284 36,603 47,037
Other Revenue, Including Interest and Investments(1) [1] 10,058 6,553 20,826 13,363
Total Revenues 385,462 412,014 1,306,919 1,179,309
Interest Expense 4,203 5,413 13,620 14,991
Net Revenues 381,259 406,601 1,293,299 1,164,318
Expenses        
Employee Compensation and Benefits 225,452 246,772 766,537 689,186
Occupancy and Equipment Rental 15,367 13,531 43,249 40,191
Professional Fees(1) [1] 19,698 15,836 56,581 42,489
Travel and Related Expenses 16,880 15,113 50,858 46,976
Communications and Information Services 10,590 10,613 31,634 30,865
Depreciation and Amortization 6,815 6,421 20,209 18,267
Execution, Clearing and Custody Fees(1) [1] 3,068 3,455 7,818 10,972
Special Charges 1,967 0 3,864 21,507
Acquisition and Transition Costs 0 599 21 976
Other Operating Expenses(1) [1] 6,882 7,191 20,657 18,224
Total Expenses 306,719 319,531 1,001,428 919,653
Income Before Income from Equity Method Investments and Income Taxes 74,540 87,070 291,871 244,665
Income from Equity Method Investments 2,298 1,827 6,842 5,507
Income Before Income Taxes 76,838 88,897 298,713 250,172
Provision for Income Taxes 17,539 28,815 48,018 69,566
Net Income 59,299 60,082 250,695 180,606
Net Income Attributable to Noncontrolling Interest 9,838 14,171 36,760 35,740
Net Income Attributable to Evercore Inc. 49,461 45,911 213,935 144,866
Net Income Attributable to Evercore Inc. Common Shareholders $ 49,461 $ 45,911 $ 213,935 $ 144,866
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 40,966 39,045 40,762 39,873
Diluted (in shares) 45,858 44,036 45,542 44,887
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:        
Basic (in dollars per share) $ 1.21 $ 1.18 $ 5.25 $ 3.63
Diluted (in dollars per share) 1.08 1.04 4.70 3.23
Dividends Declared Per Share of Class A Common Stock (in dollars per share) $ 0.5 $ 0.34 $ 1.40 $ 1.02
[1] Certain balances in the prior period were reclassified to conform to their current presentation. See Note 2 for further information.