Evercore Inc. (Parent Company Only) Financial Statements (Tables)

12 Months Ended

Dec. 31, 2018

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



	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



	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.