XML 63 R49.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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,
| 2023 |  | 2022
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 1,743,393 |  |  | $ | 1,703,843 |
Deferred Tax Assets | 234,719 |  |  | 233,280 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | 24,110 |  |  | 31,099 |
TOTAL ASSETS | $ | 2,017,458 |  |  | $ | 1,983,458 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 10,522 |  |  | $ | 10,417 |
Other Current Liabilities | 3,304 |  |  | 3,287 |
Total Current Liabilities | 13,826 |  |  | 13,704 |
Amounts Due Pursuant to Tax Receivable Agreements | 52,813 |  |  | 61,169 |
Long-term Debt - Notes Payable | 373,885 |  |  | 371,774 |
TOTAL LIABILITIES | 440,524 |  |  | 446,647 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 82,114,009 and 79,686,375 issued at December 31, 2023 and 2022, respectively, and 37,773,613 and 38,347,262 outstanding at December 31, 2023 and 2022, respectively) | 821 |  |  | 797 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 46 and 50 issued and outstanding at December 31, 2023 and 2022, respectively) | — |  |  | — |
Additional Paid-In Capital | 3,163,198 |  |  | 2,861,775 |
Accumulated Other Comprehensive Income (Loss) | (26,538) |  |  | (27,942) |
Retained Earnings | 1,892,656 |  |  | 1,768,098 |
Treasury Stock at Cost (44,340,396 and 41,339,113 shares at December 31, 2023 and 2022, respectively) | (3,453,203) |  |  | (3,065,917) |
TOTAL STOCKHOLDERS' EQUITY | 1,576,934 |  |  | 1,536,811 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 2,017,458 |  |  | $ | 1,983,458 |
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,
| 2023 |  | 2022 |  | 2021
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 16,717 |  |  | $ | 16,850 |  |  | $ | 17,439 |
TOTAL REVENUES | 16,717 |  |  | 16,850 |  |  | 17,439 |
Interest Expense | 16,717 |  |  | 16,850 |  |  | 17,439 |
NET REVENUES | — |  |  | — |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | — |  |  | — |
Equity in Income of Subsidiary | 315,109 |  |  | 605,957 |  |  | 954,167 |
Provision for Income Taxes | 59,630 |  |  | 129,437 |  |  | 214,051 |
NET INCOME | $ | 255,479 |  |  | $ | 476,520 |  |  | $ | 740,116 |
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,
| 2023 |  | 2022 |  | 2021
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 255,479 |  |  | $ | 476,520 |  |  | $ | 740,116 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (315,109) |  |  | (605,957) |  |  | (954,167) |
Deferred Taxes | 4,332 |  |  | 2,624 |  |  | 29,017 |
Accretion on Long-term Debt | 529 |  |  | 585 |  |  | 433 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | 6,989 |  |  | (31,099) |  |  | 25,603 |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | — |  |  | (13,075) |  |  | 13,075 |
Net Cash Provided by (Used in) Operating Activities | (47,780) |  |  | (170,402) |  |  | (145,923) |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 175,644 |  |  | 297,659 |  |  | 264,685 |
Net Cash Provided by Investing Activities | 175,644 |  |  | 297,659 |  |  | 264,685 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Payment of Notes Payable | — |  |  | (67,000) |  |  | (38,000) |
Issuance of Notes Payable | — |  |  | 67,000 |  |  | 38,000 |
Dividends | (127,864) |  |  | (127,257) |  |  | (118,762) |
Net Cash Provided by (Used in) Financing Activities | (127,864) |  |  | (127,257) |  |  | (118,762) |
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 | $ | 17,054 |  |  | $ | 15,236 |  |  | $ | 14,332 |
See notes to parent company only financial statements.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration