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Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
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,
| 2022 |  | 2021
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 1,703,843 |  |  | $ | 1,550,930 |
Deferred Tax Assets | 233,280 |  |  | 227,826 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | 31,099 |  |  | — |
TOTAL ASSETS | $ | 1,983,458 |  |  | $ | 1,793,992 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 10,417 |  |  | $ | 10,465 |
Taxes Payable | — |  |  | 13,075 |
Other Current Liabilities | 3,287 |  |  | 3,629 |
Total Current Liabilities | 13,704 |  |  | 27,169 |
Amounts Due Pursuant to Tax Receivable Agreements | 61,169 |  |  | 70,209 |
Long-term Debt - Notes Payable | 371,774 |  |  | 376,243 |
TOTAL LIABILITIES | 446,647 |  |  | 473,621 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 79,686,375 and 74,804,288 issued at December 31, 2022 and 2021, respectively, and 38,347,262 and 37,903,430 outstanding at December 31, 2022 and 2021, respectively) | 797 |  |  | 748 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 50 and 53 issued and outstanding at December 31, 2022 and 2021, respectively) | — |  |  | — |
Additional Paid-In-Capital | 2,861,775 |  |  | 2,458,779 |
Accumulated Other Comprehensive Income (Loss) | (27,942) |  |  | (12,086) |
Retained Earnings | 1,768,098 |  |  | 1,418,382 |
Treasury Stock at Cost (41,339,113 and 36,900,858 shares at December 31, 2022 and 2021, respectively) | (3,065,917) |  |  | (2,545,452) |
TOTAL STOCKHOLDERS' EQUITY | 1,536,811 |  |  | 1,320,371 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,983,458 |  |  | $ | 1,793,992 |
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,
| 2022 |  | 2021 |  | 2020
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 16,850 |  |  | $ | 17,439 |  |  | $ | 18,197 |
TOTAL REVENUES | 16,850 |  |  | 17,439 |  |  | 18,197 |
Interest Expense | 16,850 |  |  | 17,439 |  |  | 18,197 |
NET REVENUES | — |  |  | — |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | — |  |  | — |
Equity in Income of Subsidiary | 605,957 |  |  | 954,167 |  |  | 451,129 |
Provision for Income Taxes | 129,437 |  |  | 214,051 |  |  | 100,555 |
NET INCOME | $ | 476,520 |  |  | $ | 740,116 |  |  | $ | 350,574 |
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,
| 2022 |  | 2021 |  | 2020
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 476,520 |  |  | $ | 740,116 |  |  | $ | 350,574 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (605,957) |  |  | (954,167) |  |  | (451,129) |
Deferred Taxes | 2,624 |  |  | 29,017 |  |  | 11,395 |
Accretion on Long-term Debt | 585 |  |  | 433 |  |  | 435 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | (31,099) |  |  | 25,603 |  |  | (6,899) |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | (13,075) |  |  | 13,075 |  |  | — |
Net Cash Provided by (Used in) Operating Activities | (170,402) |  |  | (145,923) |  |  | (95,624) |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 297,659 |  |  | 264,685 |  |  | 202,206 |
Net Cash Provided by Investing Activities | 297,659 |  |  | 264,685 |  |  | 202,206 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Payment of Notes Payable | (67,000) |  |  | (38,000) |  |  | —
Issuance of Notes Payable | 67,000 |  |  | 38,000 |  |  | — |
Dividends | (127,257) |  |  | (118,762) |  |  | (106,582) |
Net Cash Provided by (Used in) Financing Activities | (127,257) |  |  | (118,762) |  |  | (106,582) |
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 | $ | 15,236 |  |  | $ | 14,332 |  |  | $ | 13,734 |
See notes to parent company only financial statements.

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