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Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
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,
| 2021 |  | 2020
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 1,550,930 |  |  | $ | 1,419,718 |
Deferred Tax Assets | 227,826 |  |  | 237,595 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | — |  |  | 25,603 |
TOTAL ASSETS | $ | 1,793,992 |  |  | $ | 1,698,152 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 10,465 |  |  | $ | 9,891 |
Taxes Payable | 13,075 |  |  | — |
Other Current Liabilities | 3,629 |  |  | 3,963 |
Current Portion of Notes Payable | — |  |  | 37,974 |
Total Current Liabilities | 27,169 |  |  | 51,828 |
Amounts Due Pursuant to Tax Receivable Agreements | 70,209 |  |  | 76,860 |
Long-term Debt - Notes Payable | 376,243 |  |  | 338,518 |
TOTAL LIABILITIES | 473,621 |  |  | 467,206 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 74,804,288 and 72,195,283 issued at December 31, 2021 and 2020, respectively, and 37,903,430 and 40,750,225 outstanding at December 31, 2021 and 2020, respectively) | 748 |  |  | 722 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 53 and 48 issued and outstanding at December 31, 2021 and 2020, respectively) | — |  |  | — |
Additional Paid-In-Capital | 2,458,779 |  |  | 2,266,136 |
Accumulated Other Comprehensive Income (Loss) | (12,086) |  |  | (9,758) |
Retained Earnings | 1,418,382 |  |  | 798,573 |
Treasury Stock at Cost (36,900,858 and 31,445,058 shares at December 31, 2021 and 2020, respectively) | (2,545,452) |  |  | (1,824,727) |
TOTAL STOCKHOLDERS' EQUITY | 1,320,371 |  |  | 1,230,946 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,793,992 |  |  | $ | 1,698,152 |
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,
| 2021 |  | 2020 |  | 2019
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 17,439 |  |  | $ | 18,197 |  |  | $ | 12,915 |
TOTAL REVENUES | 17,439 |  |  | 18,197 |  |  | 12,915 |
Interest Expense | 17,439 |  |  | 18,197 |  |  | 12,915 |
NET REVENUES | — |  |  | — |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | — |  |  | — |
Equity in Income of Subsidiary | 954,167 |  |  | 451,129 |  |  | 383,717 |
Provision for Income Taxes | 214,051 |  |  | 100,555 |  |  | 86,281 |
NET INCOME | $ | 740,116 |  |  | $ | 350,574 |  |  | $ | 297,436 |
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,
| 2021 |  | 2020 |  | 2019
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 740,116 |  |  | $ | 350,574 |  |  | $ | 297,436 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (954,167) |  |  | (451,129) |  |  | (383,717) |
Deferred Taxes | 29,017 |  |  | 11,395 |  |  | (3,966) |
Accretion on Long-term Debt | 433 |  |  | 435 |  |  | 336 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | 25,603 |  |  | (6,899) |  |  | (18,704) |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | 13,075 |  |  | — |  |  | (30,749) |
Net Cash Provided by (Used in) Operating Activities | (145,923) |  |  | (95,624) |  |  | (139,364) |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 264,685 |  |  | 202,206 |  |  | 30,449 |
Net Cash Provided by Investing Activities | 264,685 |  |  | 202,206 |  |  | 30,449 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Payment of Notes Payable | (38,000) |  |  | — |  | —
Issuance of Notes Payable | 38,000 |  |  | — |  |  | 205,718 |
Dividends | (118,762) |  |  | (106,582) |  |  | (96,803) |
Net Cash Provided by (Used in) Financing Activities | (118,762) |  |  | (106,582) |  |  | 108,915 |
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 | $ | 14,332 |  |  | $ | 13,734 |  |  | $ | 14,642 |
See notes to parent company only financial statements.

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