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Evercore Inc. (Parent Company Only) Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
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,
| 2024 |  | 2023
ASSETS |  |  |
Equity Investment in Subsidiary | $ | 1,881,783 |  |  | $ | 1,743,393 |
Deferred Tax Assets | 239,118 |  |  | 234,719 |
Goodwill | 15,236 |  |  | 15,236 |
Other Assets | 12,450 |  |  | 24,110 |
TOTAL ASSETS | $ | 2,148,587 |  |  | $ | 2,017,458 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Liabilities |  |  |
Current Liabilities |  |  |
Payable to Related Party | $ | 10,423 |  |  | $ | 10,522 |
Other Current Liabilities | 3,659 |  |  | 3,304 |
Current Portion of Notes Payable | 37,951 |  |  | — |
Total Current Liabilities | 52,033 |  |  | 13,826 |
Amounts Due Pursuant to Tax Receivable Agreements | 52,968 |  |  | 52,813 |
Long-term Debt - Notes Payable | 335,944 |  |  | 373,885 |
TOTAL LIABILITIES | 440,945 |  |  | 440,524 |
Stockholders' Equity |  |  |
Common Stock |  |  |
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 84,767,922 and 82,114,009 issued at December 31, 2024 and 2023, respectively, and 38,116,350 and 37,773,613 outstanding at December 31, 2024 and 2023, respectively) | 848 |  |  | 821 |
Class B, par value $0.01 per share (1,000,000 shares authorized, 45 and 46 issued and outstanding at December 31, 2024 and 2023, respectively) | — |  |  | — |
Additional Paid-In Capital | 3,510,356 |  |  | 3,163,198 |
Accumulated Other Comprehensive Income (Loss) | (36,057) |  |  | (26,538) |
Retained Earnings | 2,133,919 |  |  | 1,892,656 |
Treasury Stock at Cost (46,651,572 and 44,340,396 shares at December 31, 2024 and 2023, respectively) | (3,901,424) |  |  | (3,453,203) |
TOTAL STOCKHOLDERS' EQUITY | 1,707,642 |  |  | 1,576,934 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 2,148,587 |  |  | $ | 2,017,458 |
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,
| 2024 |  | 2023 |  | 2022
REVENUES |  |  |  |  |
Other Revenue, Including Interest and Investments | $ | 16,768 |  |  | $ | 16,717 |  |  | $ | 16,850 |
TOTAL REVENUES | 16,768 |  |  | 16,717 |  |  | 16,850 |
Interest Expense | 16,768 |  |  | 16,717 |  |  | 16,850 |
NET REVENUES | — |  |  | — |  |  | — |
EXPENSES |  |  |  |  |
TOTAL EXPENSES | — |  |  | — |  |  | — |
OPERATING INCOME | — |  |  | — |  |  | — |
Equity in Income of Subsidiary | 476,261 |  |  | 315,109 |  |  | 605,957 |
Provision for Income Taxes | 97,982 |  |  | 59,630 |  |  | 129,437 |
NET INCOME | $ | 378,279 |  |  | $ | 255,479 |  |  | $ | 476,520 |
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,
| 2024 |  | 2023 |  | 2022
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 378,279 |  |  | $ | 255,479 |  |  | $ | 476,520 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: |  |  |  |  |
Undistributed Income of Subsidiary | (476,261) |  |  | (315,109) |  |  | (605,957) |
Deferred Taxes | 22,265 |  |  | 4,332 |  |  | 2,624 |
Accretion on Long-term Debt | 556 |  |  | 529 |  |  | 585 |
(Increase) Decrease in Operating Assets: |  |  |  |  |
Other Assets | 11,660 |  |  | 6,989 |  |  | (31,099) |
Increase (Decrease) in Operating Liabilities: |  |  |  |  |
Taxes Payable | — |  |  | — |  |  | (13,075) |
Net Cash Provided by (Used in) Operating Activities | (63,501) |  |  | (47,780) |  |  | (170,402) |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |
Investment in Subsidiary | 210,760 |  |  | 175,644 |  |  | 297,659 |
Net Cash Provided by Investing Activities | 210,760 |  |  | 175,644 |  |  | 297,659 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Payments to Related Party | (11,427) |  |  | — |  |  | — |
Payment of Notes Payable | — |  |  | — |  |  | (67,000) |
Issuance of Notes Payable | — |  |  | — |  |  | 67,000 |
Dividends | (135,832) |  |  | (127,864) |  |  | (127,257) |
Net Cash Provided by (Used in) Financing Activities | (147,259) |  |  | (127,864) |  |  | (127,257) |
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 |  |  |  |  |
Payments for Income Taxes | $ | 64,121 |  |  | $ | 48,850 |  |  | $ | 170,844 |
Accrued Dividends | $ | 16,159 |  |  | $ | 17,054 |  |  | $ | 15,236 |
See notes to parent company only financial statements.

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