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Evercore Inc. (Parent Company Only) Financial Statements Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2019
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 (dollars in thousands, except share data)
| December 31,
| 2019 |  | 2018
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 1,066,398 |  |  | $ | 824,239 |
Deferred Tax Assets | 244,965 |  |  | 223,936 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | 18,704 |  |  | — |
TOTAL ASSETS | $ | 1,345,303 |  |  | $ | 1,063,411 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 9,570 |  |  | $ | 9,161 |
Taxes Payable | — |  |  | 30,749 |
Other Current Liabilities | 6,003 |  |  | 2,358 |
Total Current Liabilities | 15,573 |  |  | 42,268 |
Amounts Due Pursuant to Tax Receivable Agreements | 84,952 |  |  | 94,411 |
Long-term Debt - Notes Payable | 375,062 |  |  | 168,612 |
TOTAL LIABILITIES | 475,587 |  |  | 305,291 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 68,698,675 and 65,872,014 issued at December 31, 2019 and 2018, respectively, and 39,176,010 and 39,748,576 outstanding at December 31, 2019 and 2018, respectively) | 687 |  |  | 659 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 84 and 86 issued and outstanding at December 31, 2019 and 2018, respectively) | — |  |  | — |
Additional Paid-In-Capital | 2,016,524 |  |  | 1,818,100 |
Accumulated Other Comprehensive Income (Loss) | (27,596 | ) |  | (30,434 | )
Retained Earnings | 558,269 |  |  | 364,882 |
Treasury Stock at Cost (29,522,665 and 26,123,438 shares at December 31, 2019 and 2018, respectively) | (1,678,168 | ) |  | (1,395,087 | )
TOTAL STOCKHOLDERS' EQUITY | 869,716 |  |  | 758,120 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,345,303 |  |  | $ | 1,063,411 |
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,
| 2019 |  | 2018 |  | 2017
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 12,915 |  |  | $ | 9,202 |  |  | $ | 86,784 |
TOTAL REVENUES | 12,915 |  |  | 9,202 |  |  | 86,784 |
Interest Expense | 12,915 |  |  | 9,202 |  |  | 9,249 |
NET REVENUES | — |  |  | — |  |  | 77,535 |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | — |  |  | 77,535 |
Equity in Income of Subsidiary | 383,717 |  |  | 473,978 |  |  | 287,440 |
Provision for Income Taxes | 86,281 |  |  | 96,738 |  |  | 239,521 |
NET INCOME | $ | 297,436 |  |  | $ | 377,240 |  |  | $ | 125,454 |
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,
| 2019 |  | 2018 |  | 2017
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 297,436 |  |  | $ | 377,240 |  |  | $ | 125,454 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (383,717 | ) |  | (473,978 | ) |  | (209,905 | )
Adjustment to Tax Receivable Agreement | — |  |  | — |  |  | (77,535 | )
Deferred Taxes | (3,966 | ) |  | (5,311 | ) |  | 153,344 |
Accretion on Long-term Debt | 336 |  |  | 265 |  |  | 250 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | (18,704 | ) |  | 9,689 |  |  | (9,689 | )
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | (30,749 | ) |  | 30,749 |  |  | (21,341 | )
Net Cash Provided by (Used in) Operating Activities | (139,364 | ) |  | (61,346 | ) |  | (39,422 | )
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 30,449 |  |  | 138,648 |  |  | 95,943 |
Net Cash Provided by Investing Activities | 30,449 |  |  | 138,648 |  |  | 95,943 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Issuance of Notes Payable | 205,718 |  |  | — |  |  | — |
Dividends | (96,803 | ) |  | (77,302 | ) |  | (56,521 | )
Net Cash Provided by (Used in) Financing Activities | 108,915 |  |  | (77,302 | ) |  | (56,521 | )
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 | $ | 14,642 |  |  | $ | 12,288 |  |  | $ | 9,815 |
See notes to parent company only financial statements.

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