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Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Evercore Inc. (Parent Company Only) Condensed Statements of Financial Condition | EVERCORE INC. (parent company only) CONDENSED STATEMENTS OF FINANCIAL CONDITION
| December 31,
| 2018 |  | 2017
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 824,239 |  |  | $ | 612,453 |
Deferred Tax Assets | 223,936 |  |  | 180,487 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | — |  |  | 9,689 |
TOTAL ASSETS | $ | 1,063,411 |  |  | $ | 817,865 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 9,161 |  |  | $ | 12,821 |
Taxes Payable | 30,749 |  |  | — |
Other Current Liabilities | 2,358 |  |  | 2,358 |
Total Current Liabilities | 42,268 |  |  | 15,179 |
Amounts Due Pursuant to Tax Receivable Agreements | 94,411 |  |  | 90,375 |
Long-term Debt - Notes Payable | 168,612 |  |  | 168,347 |
TOTAL LIABILITIES | 305,291 |  |  | 273,901 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 65,872,014 and 62,119,904 issued at December 31, 2018 and 2017, respectively, and 39,748,576 and 39,102,154 outstanding at December 31, 2018 and 2017, respectively) | 659 |  |  | 621 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 86 and 82 issued and outstanding at December 31, 2018 and 2017, respectively) | — |  |  | — |
Additional Paid-In-Capital | 1,818,100 |  |  | 1,600,699 |
Accumulated Other Comprehensive Income (Loss) | (30,434 | ) |  | (31,411 | )
Retained Earnings | 364,882 |  |  | 79,461 |
Treasury Stock at Cost (26,123,438 and 23,017,750 shares at December 31, 2018 and 2017, respectively) | (1,395,087 | ) |  | (1,105,406 | )
TOTAL STOCKHOLDERS' EQUITY | 758,120 |  |  | 543,964 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,063,411 |  |  | $ | 817,865 |
See notes to parent company only financial statements.
Evercore Inc. (Parent Company Only) Condensed Statements of Operations | EVERCORE INC. (parent company only) CONDENSED STATEMENTS OF OPERATIONS
| For the Years Ended December 31,
| 2018 |  | 2017 |  | 2016
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 9,202 |  |  | $ | 86,784 |  |  | $ | 8,385 |
TOTAL REVENUES | 9,202 |  |  | 86,784 |  |  | 8,385 |
Interest Expense | 9,202 |  |  | 9,249 |  |  | 8,385 |
NET REVENUES | — |  |  | 77,535 |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | 77,535 |  |  | — |
Equity in Income of Subsidiary | 473,978 |  |  | 287,440 |  |  | 209,841 |
Provision for Income Taxes | 96,738 |  |  | 239,521 |  |  | 102,313 |
NET INCOME | $ | 377,240 |  |  | $ | 125,454 |  |  | $ | 107,528 |
See notes to parent company only financial statements.
Evercore Inc. (Parent Company Only) Condensed Statements of Cash Flows | EVERCORE INC. (parent company only) CONDENSED STATEMENTS OF CASH FLOWS
| For the Years Ended December 31,
| 2018 |  | 2017 |  | 2016
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 377,240 |  |  | $ | 125,454 |  |  | $ | 107,528 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (473,978 | ) |  | (209,905 | ) |  | (209,841 | )
Adjustment to Tax Receivable Agreement | — |  |  | (77,535 | ) |  | — |
Deferred Taxes | (5,311 | ) |  | 153,344 |  |  | 12,453 |
Accretion on Long-term Debt | 265 |  |  | 250 |  |  | 180 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | 9,689 |  |  | (9,689 | ) |  | — |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | 30,749 |  |  | (21,341 | ) |  | 6,580 |
Net Cash Provided by (Used in) Operating Activities | (61,346 | ) |  | (39,422 | ) |  | (83,100 | )
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 138,648 |  |  | 95,943 |  |  | 84,658 |
Net Cash Provided by Investing Activities | 138,648 |  |  | 95,943 |  |  | 84,658 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Payment of Notes Payable - Mizuho | — |  |  | — |  |  | (120,000 | )
Issuance of Notes Payable | — |  |  | — |  |  | 170,000 |
Dividends | (77,302 | ) |  | (56,521 | ) |  | (51,558 | )
Net Cash Provided by (Used in) Financing Activities | (77,302 | ) |  | (56,521 | ) |  | (1,558 | )
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | — |  |  | — |  |  | — |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of Year | — |  |  | — |  |  | — |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of Year | $ | — |  |  | $ | — |  |  | $ | — |
SUPPLEMENTAL CASH FLOW DISCLOSURE |  |  |  |  |
Accrued Dividends | $ | 12,288 |  |  | $ | 9,815 |  |  | $ | 7,836 |
See notes to parent company only financial statements.

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