XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Investment Banking & Equities:        
Other Revenue, Including Interest and Investments $ 24,221 $ (23,039) $ 51,067 $ (24,818)
Total Revenues 503,600 635,175 1,079,914 1,362,279
Interest Expense 4,181 4,258 8,352 8,508
Net Revenues 499,419 630,917 1,071,562 1,353,771
Expenses        
Employee Compensation and Benefits 338,374 388,971 705,246 818,706
Occupancy and Equipment Rental 21,521 19,608 41,900 38,785
Professional Fees 27,465 27,767 51,602 51,913
Travel and Related Expenses 17,422 14,786 32,625 22,612
Communications and Information Services 17,836 14,384 33,571 30,412
Depreciation and Amortization 5,952 6,597 12,525 13,707
Execution, Clearing and Custody Fees 2,965 2,631 5,730 5,428
Special Charges, Including Business Realignment Costs 0 532 2,921 532
Other Operating Expenses 10,168 9,459 20,822 16,130
Total Expenses 441,703 484,735 906,942 998,225
Income Before Income from Equity Method Investments and Income Taxes 57,716 146,182 164,620 355,546
Income from Equity Method Investments 1,542 2,274 3,010 4,786
Income Before Income Taxes 59,258 148,456 167,630 360,332
Provision for Income Taxes 17,097 38,562 33,228 73,344
Net Income 42,161 109,894 134,402 286,988
Net Income Attributable to Noncontrolling Interest 4,956 14,267 13,819 33,345
Net Income Attributable to Evercore Inc. 37,205 95,627 120,583 253,643
Net Income Attributable to Evercore Inc. Common Shareholders $ 37,205 $ 95,627 $ 120,583 $ 253,643
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 38,211 39,834 38,360 39,507
Diluted (in shares) 39,288 41,108 39,863 41,395
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:        
Basic (in dollars per share) $ 0.97 $ 2.40 $ 3.14 $ 6.42
Diluted (in dollars per share) $ 0.95 $ 2.33 $ 3.02 $ 6.13
Investment Banking and Equities [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer $ 462,804 $ 642,246 $ 996,314 $ 1,354,014
Net Revenues 482,246 615,250 1,037,057 1,319,551
Expenses        
Income Before Income from Equity Method Investments and Income Taxes 53,902 144,178 156,712 347,907
Income from Equity Method Investments 143 164 214 538
Income Before Income Taxes 54,045 144,342 156,926 348,445
Investment Banking and Equities [Member] | Advisory Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 374,556 576,245 837,118 1,200,809
Investment Banking and Equities [Member] | Underwriting Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 38,200 13,516 61,083 49,822
Investment Banking and Equities [Member] | Commissions and Related Revenue [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 50,048 52,485 98,113 103,383
Investment Management [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 16,575 15,968 32,533 33,083
Net Revenues 17,173 15,667 34,505 34,220
Expenses        
Income Before Income from Equity Method Investments and Income Taxes 3,814 2,004 7,908 7,639
Income from Equity Method Investments 1,399 2,110 2,796 4,248
Income Before Income Taxes 5,213 4,114 10,704 11,887
Investment Management [Member] | Asset Management [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer $ 16,575 $ 15,968 $ 32,533 $ 33,083