XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 923,247 $ 971,316
Deposits with banks and short-term investments 247,847 219,576
Restricted cash 33,558 34,091
Receivables (net of allowance for credit losses of $30,086 and $28,503 at March 31, 2024 and December 31, 2023, respectively):    
Fees 459,703 560,552
Customers and other 290,780 201,767
Receivables 750,483 762,319
Investments 620,615 701,964
Property (net of accumulated amortization and depreciation of $419,680 and $414,547 at March 31, 2024 and December 31, 2023, respectively, including $71,343 and $72,921 of property held for sale at March 31, 2024 and December 31, 2023, respectively) 227,539 232,516
Operating lease right-of-use assets 389,884 407,213
Goodwill and other intangible assets (net of accumulated amortization of $67,696 and $67,681 at March 31, 2024 and December 31, 2023, respectively) 394,113 394,928
Deferred tax assets 506,171 497,340
Other assets 493,513 414,518
Total Assets 4,586,970 4,635,781
Liabilities:    
Deposits and other customer payables 536,343 443,262
Accrued compensation and benefits 495,923 781,375
Operating lease liabilities 467,351 485,191
Tax receivable agreement obligation 115,001 115,087
Senior debt 1,851,444 1,690,200
Deferred tax liabilities 2,177 3,857
Other liabilities 581,725 546,947
Total Liabilities 4,049,964 4,065,919
Commitments and contingencies
Redeemable noncontrolling interests 88,475 87,675
Common stock:    
Par value $0.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at March 31, 2024 and December 31, 2023, including shares held by subsidiaries) 1,128 1,128
Additional paid-in-capital 134,573 247,204
Retained earnings 1,384,829 1,402,636
Accumulated other comprehensive loss, net of tax (303,995) (289,950)
Stockholders' equity subtotal before common stock held by subsidiaries and Noncontrolling interests, total 1,216,535 1,361,018
Common stock held by subsidiaries, at cost (22,248,005 and 25,340,287 shares at March 31, 2024 and December 31, 2023, respectively) (823,821) (937,259)
Total Lazard Stockholders’ Equity 392,714 423,759
Noncontrolling interests 55,817 58,428
Total Stockholders’ Equity 448,531 482,187
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity 4,586,970 4,635,781
Series A Preferred Stock    
Preferred stock, par value $.01 per share; 15,000,000 shares authorized:    
Series A and B - no shares issued and outstanding 0 0
Series B Preferred Stock    
Preferred stock, par value $.01 per share; 15,000,000 shares authorized:    
Series A and B - no shares issued and outstanding $ 0 $ 0