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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Interest income $ 11,471 $ 12,607
Other 44,134 10,417
Total revenue 785,481 561,911
Interest expense 20,728 19,475
Net revenue 764,753 542,436
OPERATING EXPENSES    
Compensation and benefits 550,824 449,967
Occupancy and equipment 32,857 31,773
Marketing and business development 23,599 22,762
Technology and information services 44,917 44,040
Professional services 19,880 24,326
Fund administration and outsourced services 26,140 26,576
Amortization and other acquisition-related costs 68 48
Benefit pursuant to tax receivable agreement 0 (40,435)
Other 11,907 20,303
Total operating expenses 710,192 579,360
OPERATING INCOME (LOSS) 54,561 (36,924)
Provision (benefit) for income taxes 14,337 (21,725)
NET INCOME (LOSS) 40,224 (15,199)
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 4,469 6,973
NET INCOME (LOSS) ATTRIBUTABLE TO LAZARD $ 35,755 $ (22,172)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic (in shares) 91,260,465 87,591,852
Diluted (in shares) 99,351,769 87,591,852
NET INCOME (LOSS) PER SHARE OF COMMON STOCK:    
Basic (in USD per share) $ 0.38 $ (0.27)
Diluted (in USD per share) $ 0.35 $ (0.27)
Investment banking and other advisory fees    
REVENUE    
Revenue $ 453,027 $ 277,408
Asset management fees    
REVENUE    
Revenue $ 276,849 $ 261,479