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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 971,316 $ 1,234,773
Deposits with banks and short-term investments 219,576 779,246
Restricted cash 34,091 625,381
Receivables (net of allowance for credit losses of $28,503 and $17,738 at December 31, 2023 and 2022, respectively):    
Fees 560,552 491,861
Customers and other 201,767 160,897
Receivables, net 762,319 652,758
Investments 701,964 698,977
Property (net of accumulated amortization and depreciation of $414,547 and $395,109 at December 31, 2023 and 2022, respectively, including $72,921 of property held for sale at December 31, 2023) 232,516 250,073
Operating lease right-of-use assets 407,213 431,608
Goodwill and other intangible assets (net of accumulated amortization of $67,681 and $70,118 at December 31, 2023 and 2022, respectively) 394,928 377,330
Deferred tax assets 497,340 407,657
Other assets 414,518 394,758
Total Assets 4,635,781 5,852,561
Liabilities:    
Deposits and other customer payables 443,262 921,834
Accrued compensation and benefits 781,375 735,576
Operating lease liabilities 485,191 513,688
Senior debt 1,690,200 1,687,714
Deferred tax liabilities 3,857 3,920
Other liabilities 546,947 539,770
Total Liabilities 4,065,919 4,593,691
Commitments and contingencies
Redeemable noncontrolling interests 87,675 583,471
Common stock:    
Class A, par value $.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at December 31, 2023 and 2022, including shares held by subsidiaries) 1,128 1,128
Additional paid-in-capital 247,204 167,890
Retained earnings 1,402,636 1,676,713
Accumulated other comprehensive loss, net of tax (289,950) (295,854)
Stockholders' equity subtotal before common stock held by subsidiaries and Noncontrolling interests 1,361,018 1,549,877
Class A common stock held by subsidiaries, at cost (25,340,287 and 26,814,213 shares at December 31, 2023 and 2022, respectively) (937,259) (993,414)
Total Lazard Ltd Stockholders’ Equity 423,759 556,463
Noncontrolling interests 58,428 118,936
Total Stockholders’ Equity 482,187 675,399
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity 4,635,781 5,852,561
LTBP Trust    
Liabilities:    
Tax receivable agreement obligation 115,087 191,189
Series A Preferred Stock    
Preferred stock, par value $.01 per share; 15,000,000 shares authorized:    
Preferred stock 0 0
Series B Preferred Stock    
Preferred stock, par value $.01 per share; 15,000,000 shares authorized:    
Preferred stock $ 0 $ 0