XML 25 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities    
Net Income $ 12,576 $ 4,416
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities:    
Net Realized and Unrealized Gains on Investments, Marketable Securities and Contingent Consideration (5,642) (4,486)
Equity-Based and Other Deferred Compensation 48,621 28,408
Depreciation, Amortization and Accretion 6,838 4,016
Bad Debt Expense 500 514
Deferred Taxes 2,905 2,542
Decrease (Increase) in Operating Assets:    
Marketable Securities 404 176
Financial Instruments Owned and Pledged as Collateral at Fair Value (28,106) 49,073
Securities Purchased Under Agreements to Resell 31,982 (6,667)
Accounts Receivable (31,780) (622)
Receivable from Employees and Related Parties (2,686) (672)
Other Assets (3,002) (5,526)
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (21,317) (68,480)
Accounts Payable and Accrued Expenses 2,353 3,520
Securities Sold Under Agreements to Repurchase (3,792) (42,539)
Payables to Employees and Related Parties (404) (134)
Taxes Payable (2,409)  
Deferred Revenue 213 19,266
Other Liabilities 480 1,895
Net Cash Provided by (Used in) Operating Activities 7,734 (15,300)
Cash Flows From Investing Activities    
Investments Purchased (336) (1,826)
Distributions of Private Equity Investments 1,430  
Marketable Securities:    
Proceeds from Sales and Maturities 56,460 154,353
Purchases (36,291) (89,031)
Cash Paid for Acquisitions, net of cash acquired (50) (68,581)
Change in Restricted Cash   (904)
Purchase of Furniture, Equipment and Leasehold Improvements (1,586) (673)
Net Cash Provided by (Used in) Investing Activities 19,627 (6,662)
Cash Flows From Financing Activities    
Payments for Capital Lease Obligations (19) (23)
Issuance of Noncontrolling Interests 729 3,503
Distributions to Noncontrolling Interests - Evercore LP Limited Partners (12,014) (10,205)
Cash Paid for Contingent Consideration (2,884)  
Proceeds from Equity Offering, Net of Direct Expenses 166,530  
Purchase of Evercore LP Units and Treasury Stock (111,887) (25,891)
Dividends-Class A Stockholders (8,231) (5,665)
Other 3,564  
Net Cash Provided by (Used in) Financing Activities 35,788 (38,281)
Effect of Exchange Rate Changes on Cash (37) (1,614)
Net Increase (Decrease) in Cash and Cash Equivalents 63,112 (61,857)
Cash and Cash Equivalents-Beginning of Period 141,337 206,682
Cash and Cash Equivalents-End of Period 204,449 144,825
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 10,117 10,887
Payments for Income Taxes $ 8,266 $ 5,733