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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Interest income $ 1,761 $ 1,354
Other 9,592 33,769
Total revenue 716,144 679,904
Interest expense 21,252 19,797
Net revenue 694,892 660,107
OPERATING EXPENSES    
Compensation and benefits 396,841 401,546
Occupancy and equipment 31,239 34,748
Marketing and business development 14,123 6,651
Technology and information services 37,931 33,670
Professional services 16,029 14,948
Fund administration and outsourced services 29,703 29,279
Amortization of intangible assets related to acquisitions 15 15
Other 9,283 4,960
Total operating expenses 535,164 525,817
OPERATING INCOME 159,728 134,290
Provision for income taxes 38,753 43,464
NET INCOME 120,975 90,826
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 7,099 3,526
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 113,876 $ 87,300
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic 102,547,277 107,291,560
Diluted 108,186,642 115,822,294
NET INCOME PER SHARE OF COMMON STOCK:    
Basic $ 1.09 $ 0.80
Diluted $ 1.05 $ 0.75
Investment Banking and Other Advisory Fees [Member]    
REVENUE    
Revenue $ 389,739 $ 317,831
Asset Management Fees [Member]    
REVENUE    
Revenue $ 315,052 $ 326,950