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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 1,308,218 $ 971,316
Deposits with banks and short-term investments 268,684 219,576
Restricted cash 32,466 34,091
Receivables (net of allowance for credit losses of $32,033 and $28,503 at December 31, 2024 and 2023, respectively):    
Fees 640,567 560,552
Customers and other 113,056 201,767
Receivables, net 753,623 762,319
Investments 614,947 701,964
Property (net of accumulated amortization and depreciation of $332,840 and $414,547 at December 31, 2024 and 2023, respectively, including $72,921 of property held for sale at December 31, 2023) 160,402 232,516
Operating lease right-of-use assets 434,938 407,213
Goodwill and other intangible assets (net of accumulated amortization of $67,711 and $67,681 at December 31, 2024 and 2023, respectively) 393,575 394,928
Deferred tax assets 479,582 497,340
Other assets 347,558 414,518
Total Assets 4,793,993 4,635,781
Liabilities:    
Deposits and other customer payables 308,213 443,262
Accrued compensation and benefits 844,953 781,375
Operating lease liabilities 505,483 485,191
Tax receivable agreement obligation 75,899 115,087
Senior debt 1,687,052 1,690,200
Deferred tax liabilities 1,084 3,857
Other liabilities 606,526 546,947
Total Liabilities 4,029,210 4,065,919
Commitments and contingencies
Redeemable noncontrolling interests 79,629 87,675
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share; 15,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023 0 0
Common stock:    
Par value $.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at December 31, 2024 and 2023, including shares held by subsidiaries) 1,128 1,128
Additional paid-in-capital 327,810 247,204
Retained earnings 1,472,113 1,402,636
Accumulated other comprehensive loss, net of tax (326,742) (289,950)
Stockholders' equity subtotal before common stock held by subsidiaries and Noncontrolling interests 1,474,309 1,361,018
Common stock held by subsidiaries, at cost (22,467,315 and 25,340,287 shares at December 31, 2024 and 2023, respectively) (838,069) (937,259)
Total Lazard Stockholders’ Equity 636,240 423,759
Noncontrolling interests 48,914 58,428
Total Stockholders’ Equity 685,154 482,187
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity $ 4,793,993 $ 4,635,781