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Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
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,
| 2020 |  | 2019
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 1,419,718 |  |  | $ | 1,066,398 |
Deferred Tax Assets | 237,595 |  |  | 244,965 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | 25,603 |  |  | 18,704 |
TOTAL ASSETS | $ | 1,698,152 |  |  | $ | 1,345,303 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 9,891 |  |  | $ | 9,570 |
Other Current Liabilities | 3,963 |  |  | 6,003 |
Current Portion of Notes Payable | 37,974 |  | — |
Total Current Liabilities | 51,828 |  |  | 15,573 |
Amounts Due Pursuant to Tax Receivable Agreements | 76,860 |  |  | 84,952 |
Long-term Debt - Notes Payable | 338,518 |  |  | 375,062 |
TOTAL LIABILITIES | 467,206 |  |  | 475,587 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 72,195,283 and 68,698,675 issued at December 31, 2020 and 2019, respectively, and 40,750,225 and 39,176,010 outstanding at December 31, 2020 and 2019, respectively) | 722 |  |  | 687 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 48 and 84 issued and outstanding at December 31, 2020 and 2019, respectively) | — |  |  | — |
Additional Paid-In-Capital | 2,266,136 |  |  | 2,016,524 |
Accumulated Other Comprehensive Income (Loss) | (9,758) |  |  | (27,596) |
Retained Earnings | 798,573 |  |  | 558,269 |
Treasury Stock at Cost (31,445,058 and 29,522,665 shares at December 31, 2020 and 2019, respectively) | (1,824,727) |  |  | (1,678,168) |
TOTAL STOCKHOLDERS' EQUITY | 1,230,946 |  |  | 869,716 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,698,152 |  |  | $ | 1,345,303 |
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,
| 2020 |  | 2019 |  | 2018
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 18,197 |  |  | $ | 12,915 |  |  | $ | 9,202 |
TOTAL REVENUES | 18,197 |  |  | 12,915 |  |  | 9,202 |
Interest Expense | 18,197 |  |  | 12,915 |  |  | 9,202 |
NET REVENUES | — |  |  | — |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | — |  |  | — |
Equity in Income of Subsidiary | 451,129 |  |  | 383,717 |  |  | 473,978 |
Provision for Income Taxes | 100,555 |  |  | 86,281 |  |  | 96,738 |
NET INCOME | $ | 350,574 |  |  | $ | 297,436 |  |  | $ | 377,240 |
See notes to parent company only financial statements.
Evercore Inc. (Parent Company Only) Condensed Statement of Cash Flows | EVERCORE INC. (parent company only) CONDENSED STATEMENTS OF CASH FLOWS
| For the Years Ended December 31,
| 2020 |  | 2019 |  | 2018
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 350,574 |  |  | $ | 297,436 |  |  | $ | 377,240 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (451,129) |  |  | (383,717) |  |  | (473,978) |
Deferred Taxes | 11,395 |  |  | (3,966) |  |  | (5,311) |
Accretion on Long-term Debt | 435 |  |  | 336 |  |  | 265 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | (6,899) |  |  | (18,704) |  |  | 9,689 |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | — |  |  | (30,749) |  |  | 30,749 |
Net Cash Provided by (Used in) Operating Activities | (95,624) |  |  | (139,364) |  |  | (61,346) |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 202,206 |  |  | 30,449 |  |  | 138,648 |
Net Cash Provided by Investing Activities | 202,206 |  |  | 30,449 |  |  | 138,648 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Issuance of Notes Payable | — |  |  | 205,718 |  |  | — |
Dividends | (106,582) |  |  | (96,803) |  |  | (77,302) |
Net Cash Provided by (Used in) Financing Activities | (106,582) |  |  | 108,915 |  |  | (77,302) |
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 | $ | 13,734 |  |  | $ | 14,642 |  |  | $ | 12,288 |
See notes to parent company only financial statements.

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