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

12 Months Ended

Dec. 31, 2015

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION



	December 31,
	2015			2014
ASSETS
Equity Investment in Subsidiary	$	534,258		$	571,649
Deferred Tax Asset	287,281			270,373
Goodwill	15,236			15,236
Other Assets	—			3,402
TOTAL ASSETS	$	836,775		$	860,660
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	11,638		$	10,833
Taxes Payable	14,761			—
Other Current Liabilities	538			2,067
Total Current Liabilities	26,937			12,900
Amounts Due Pursuant to Tax Receivable Agreement	186,036			191,253
Long-term Debt - Notes Payable	119,250			105,226
TOTAL LIABILITIES	332,223			309,379
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 55,249,559 and 46,414,240 issued at December 31, 2015 and 2014, respectively, and 39,623,271 and 36,255,124 outstanding at December 31, 2015 and 2014, respectively)	552			464
Class B, par value $0.01 per share (1,000,000 shares authorized, 25 and 27 issued and outstanding at December 31, 2015 and 2014, respectively)	—			—
Additional Paid-In-Capital	1,210,742			950,147
Accumulated Other Comprehensive Income (Loss)	(34,539		)	(20,387		)
Retained Earnings (Deficit)	(27,791		)	(17,814		)
Treasury Stock at Cost (15,626,288 and 10,159,116 shares at December 31, 2015 and 2014, respectively)	(644,412		)	(361,129		)
TOTAL STOCKHOLDERS' EQUITY	504,552			551,281
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	836,775		$	860,660

See notes to parent company only financial statements.

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS



	For the Years Ended December 31,
	2015		2014		2013
REVENUES
Interest Income	$	7,818	$	8,341	$	14,993
TOTAL REVENUES	7,818		8,341		14,993
Interest Expense	7,818		8,341		8,088
NET REVENUES	—		—		6,905
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		6,905
Equity in Income of Subsidiary	103,931		141,612		87,317
Provision for Income Taxes	61,068		54,738		40,960
NET INCOME	$	42,863	$	86,874	$	53,262

See notes to parent company only financial statements.

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS



	For the Years Ended December 31,
	2015			2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	42,863		$	86,874		$	53,262
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Undistributed Income of Subsidiary	(103,931		)	(141,612		)	(87,317		)
Deferred Taxes	(1,685		)	(15,887		)	(28,745		)
Accretion on Long-term Debt	1,603			2,000			1,851
(Increase) Decrease in Operating Assets:
Other Assets	3,402			3,255			(6,656		)
Increase (Decrease) in Operating Liabilities:
Taxes Payable	14,761			—			11,872
Other Liabilities	—			—			1,706
Net Cash Provided by (Used in) Operating Activities	(42,987		)	(65,370		)	(54,027		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	82,703			105,600			90,949
Net Cash Provided by Investing Activities	82,703			105,600			90,949
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of Evercore LP Units	—			(1,476		)	(6,832		)
Exercise of Warrants, Net	6,416			—			—
Dividends	(46,132		)	(38,754		)	(30,090		)
Net Cash Provided by (Used in) Financing Activities	(39,716		)	(40,230		)	(36,922		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year	—			—			—
CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—

SUPPLEMENTAL CASH FLOW DISCLOSURE
Dividend Equivalents Issued	$	6,514		$	6,038		$	5,989
Exchange of Notes Payable as Consideration for Exercise of Warrants	$	118,347		$	—		$	—

See notes to parent company only financial statements.