XML 59 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUPPLEMENTAL FINANCIAL INFORMATION
12 Months Ended
Dec. 31, 2012
SUPPLEMENTAL FINANCIAL INFORMATION

SUPPLEMENTAL FINANCIAL INFORMATION

(dollars in thousands, except per share data)

Consolidated Quarterly Results of Operations (unaudited)

The following represents the Company’s unaudited quarterly results for the years ended December 31, 2012 and 2011. These quarterly results were prepared in accordance with U.S. GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. The amounts below include a correction reflecting the reclassification of Net Income (Loss) Attributable to Noncontrolling Interest related to Evercore Asset Management L.L.C. (“EAM”) from Discontinued Operations to Net Income Attributable to Noncontrolling Interest, below Net Income on the Consolidated Statements of Operations. Refer to Note 2 to our consolidated financial statements for additional information.

 

     For the Three Months Ended  
     December 31,
2012
     September 30,
2012
     June 30,
2012
     March 31,
2012
 

Net Revenues

   $ 214,049       $ 153,029       $ 172,497       $ 102,798   

Total Expenses

     171,811         138,784         151,302         114,941   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income (Loss) Before Income from Equity Method Investments and Income Taxes

     42,238         14,245         21,195         (12,143

Income from Equity Method Investments

     1,333         415         719         2,385   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income (Loss) Before Income Taxes

     43,571         14,660         21,914         (9,758

Provision (Benefit) for Income Taxes

     18,586         7,187         9,773         (4,638
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income (Loss) from Continuing Operations

     24,985         7,473         12,141         (5,120

Net Income (Loss) from Discontinued Operations

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income (Loss)

     24,985         7,473         12,141         (5,120

Net Income (Loss) Attributable to Noncontrolling Interest

     5,963         2,172         4,207         (1,752
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income (Loss) Attributable to Evercore Partners Inc.

   $ 19,022       $ 5,301       $ 7,934       $ (3,368
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:

           

From Continuing Operations

   $ 0.64       $ 0.18       $ 0.27       $ (0.12

From Discontinued Operations

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income (Loss) Attributable to Evercore Partners Inc.

   $ 0.64       $ 0.18       $ 0.27       $ (0.12
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:

           

From Continuing Operations

   $ 0.56       $ 0.17       $ 0.25       $ (0.12

From Discontinued Operations

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income (Loss) Attributable to Evercore Partners Inc.

   $ 0.56       $ 0.17       $ 0.25       $ (0.12
  

 

 

    

 

 

    

 

 

    

 

 

 

Dividends Declared Per Share of Class A Common Stock

   $ 0.22       $ 0.20       $ 0.20       $ 0.20   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     For the Three Months Ended  
     December 31,
2011
    September 30,
2011
    June 30,
2011
    March 31,
2011
 

Net Revenues

   $ 112,781      $ 163,181      $ 141,204      $ 107,098   

Total Expenses

     113,790        149,739        129,589        95,334   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) Before Income from Equity Method Investments and Income Taxes

     (1,009     13,442        11,615        11,764   

Income from Equity Method Investments

     255        195        69        400   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) Before Income Taxes

     (754     13,637        11,684        12,164   

Provision for Income Taxes

     1,080        11,144        6,064        4,436   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss) from Continuing Operations

     (1,834     2,493        5,620        7,728   

Net Income (Loss) from Discontinued Operations

     (1,504     (1,200     (361     (411
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss)

     (3,338     1,293        5,259        7,317   

Net Income (Loss) Attributable to Noncontrolling Interest

     (2,682     (466     2,998        3,729   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss) Attributable to Evercore Partners Inc.

   $ (656   $ 1,759      $ 2,261      $ 3,588   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:

        

From Continuing Operations

   $ —        $ 0.06      $ 0.09      $ 0.16   

From Discontinued Operations

     (0.02     —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss) Attributable to Evercore Partners Inc.

   $ (0.02   $ 0.06      $ 0.09      $ 0.16   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:

        

From Continuing Operations

   $ —        $ 0.06      $ 0.08      $ 0.14   

From Discontinued Operations

     (0.02     —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss) Attributable to Evercore Partners Inc.

   $ (0.02   $ 0.06      $ 0.08      $ 0.14   
  

 

 

   

 

 

   

 

 

   

 

 

 

Dividends Declared Per Share of Class A Common Stock

   $ 0.20      $ 0.18      $ 0.18      $ 0.18