XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Interest income $ 29,457 $ 5,551 $ 5,666
Other 40,602 127,171 105,634
Total revenue 2,855,093 3,273,816 2,646,769
Interest expense 81,522 80,768 80,631
Net revenue 2,773,571 3,193,048 2,566,138
OPERATING EXPENSES      
Compensation and benefits 1,656,451 1,895,859 1,550,684
Occupancy and equipment 122,251 128,040 127,682
Marketing and business development 83,103 42,755 42,426
Technology and information services 171,702 146,765 133,544
Professional services 69,535 77,702 66,304
Fund administration and outsourced services 109,978 130,502 103,070
Amortization of intangible assets related to acquisitions 60 60 1,795
Provision (benefit) pursuant to tax receivable agreement (1,209) 2,199 (439)
Other 44,852 45,318 38,931
Total operating expenses 2,256,723 2,469,200 2,063,997
OPERATING INCOME 516,848 723,848 502,141
Provision for income taxes 124,365 181,303 99,449
NET INCOME 392,483 542,545 402,692
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 34,966 14,481 231
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 357,517 $ 528,064 $ 402,461
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:      
Basic 95,664,129 106,035,808 106,862,739
Diluted 100,997,674 113,674,699 113,483,380
NET INCOME PER SHARE OF COMMON STOCK:      
Basic $ 3.68 $ 4.90 $ 3.69
Diluted $ 3.51 $ 4.63 $ 3.54
Investment Banking and Other Advisory Fees [Member]      
REVENUE      
Revenue $ 1,659,079 $ 1,786,472 $ 1,418,050
Asset Management Fees [Member]      
REVENUE      
Revenue $ 1,125,955 $ 1,354,622 $ 1,117,419