Evercore Partners Inc. (Parent Company Only) Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Condensed Statements Of Financial Condition, Parent Company Only

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

	December 31,
	2013			2012
ASSETS
Equity Investment in Subsidiary	$	531,380		$	490,856
Deferred Tax Asset	254,486			225,741
Other Assets	6,656			—
TOTAL ASSETS	$	792,522		$	716,597
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Payable to Related Party	$	8,881		$	7,282
Taxes Payable	—			11,872
Amounts Due Pursuant to Tax Receivable Agreement	175,771			165,350
Long-term Debt - Notes Payable	103,226			101,375
Other Liabilities	2,063			2,212
TOTAL LIABILITIES	289,941			288,091
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 40,772,434 and 35,040,501 issued at December 31, 2013 and 2012, respectively, and 33,069,534 and 29,576,986 outstanding at December 31, 2013 and 2012, respectively)	408			350
Class B, par value $0.01 per share (1,000,000 shares authorized, 42 and 43 issued and outstanding at December 31, 2013 and 2012, respectively)	—			—
Additional Paid-In-Capital	799,233			654,275
Accumulated Other Comprehensive Income (Loss)	(10,784		)	(9,086		)
Retained Earnings (Deficit)	(59,896		)	(77,079		)
Treasury Stock at Cost (7,702,900 and 5,463,515 shares at December 31, 2013 and 2012, respectively)	(226,380		)	(139,954		)
TOTAL STOCKHOLDERS' EQUITY	502,581			428,506
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	792,522		$	716,597

See notes A to E to parent company only financial statements.

Condensed Statements Of Operations, Parent Company Only

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS

	For the Years Ended December 31,
	2013		2012		2011
REVENUES
Interest Income	$	14,993	$	7,955	$	7,817
TOTAL REVENUES	14,993		7,955		7,817
Interest Expense	8,088		7,955		7,817
NET REVENUES	6,905		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	6,905		—		—
Equity in Income of Subsidiary	87,317		53,229		21,083
Provision for Income Taxes	40,960		24,340		14,131
NET INCOME	$	53,262	$	28,889	$	6,952

See notes A to E to parent company only financial statements.

Condensed Statements Of Cash Flows, Parent Company Only

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
	2013			2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	53,262		$	28,889		$	6,952
Undistributed Income of Subsidiary	(87,317		)	(53,229		)	(21,083		)
Deferred Taxes	(28,745		)	—			—
Accretion on Long-term Debt	1,851			1,711			1,582
(Increase) Decrease in Operating Assets:
Other Assets	(6,656		)	14,310			12,105
Increase (Decrease) in Operating Liabilities:
Payable to Uncombined Affiliates	—			—			957
Taxes Payable	11,872			11,872			—
Other Liabilities	1,706			(3,101		)	(574		)
Net Cash Provided by (Used in) Operating Activities	(54,027		)	452			(61		)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash Paid for Acquisitions, net of cash acquired	—			—			(30,397		)
Investment in Subsidiary	90,949			24,239			(22,994		)
Net Cash Provided by (Used in) Investing Activities	90,949			24,239			(53,391		)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Equity Offering	—			—			168,140
Purchase of Evercore LP Units	(6,832		)	(395		)	(95,342		)
Dividends	(30,090		)	(24,296		)	(19,346		)
Net Cash Provided by (Used in) Financing Activities	(36,922		)	(24,691		)	53,452
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year	—			—			—
CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—

See notes A to E to parent company only financial statements.