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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE        
Interest income $ 8,148 $ 1,276 $ 13,971 $ 3,910
Other 4,988 27,963 (2,926) 82,090
Total revenue 746,431 737,807 2,123,233 2,260,975
Interest expense 19,687 20,378 62,051 60,302
Net revenue 726,744 717,429 2,061,182 2,200,673
OPERATING EXPENSES        
Compensation and benefits 420,937 419,627 1,181,608 1,336,091
Occupancy and equipment 30,696 31,015 91,344 95,638
Marketing and business development 19,633 9,922 56,429 25,905
Technology and information services 44,579 37,559 124,577 107,003
Professional services 15,665 16,698 48,243 51,642
Fund administration and outsourced services 27,110 34,137 85,364 94,718
Amortization of intangible assets related to acquisitions 15 15 45 45
Other 9,967 13,497 29,864 34,121
Total operating expenses 568,602 562,470 1,617,474 1,745,163
OPERATING INCOME 158,142 154,959 443,708 455,510
Provision for income taxes 35,350 39,446 108,290 124,255
NET INCOME 122,792 115,513 335,418 331,255
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 16,995 8,304 20,265 13,568
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 105,797 $ 107,209 $ 315,153 $ 317,687
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic 93,275,631 105,415,743 98,161,027 106,484,652
Diluted 98,865,156 112,994,037 103,268,378 114,139,936
NET INCOME PER SHARE OF COMMON STOCK:        
Basic $ 1.11 $ 1.00 $ 3.16 $ 2.94
Diluted $ 1.06 $ 0.94 $ 3.03 $ 2.78
Investment Banking and Other Advisory Fees [Member]        
REVENUE        
Revenue $ 454,255 $ 384,821 $ 1,249,085 $ 1,177,813
Asset Management Fees [Member]        
REVENUE        
Revenue $ 279,040 $ 323,747 $ 863,103 $ 997,162