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

12 Months Ended

Dec. 31, 2017

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION



	December 31,
	2017			2016
ASSETS
Equity Investment in Subsidiary	$	612,453		$	598,279
Deferred Tax Assets	180,487			291,827
Goodwill	15,236			15,236
Other Assets	9,689			—
TOTAL ASSETS	$	817,865		$	905,342
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	12,821		$	12,201
Taxes Payable	—			21,341
Other Current Liabilities	2,358			2,296
Total Current Liabilities	15,179			35,838
Amounts Due Pursuant to Tax Receivable Agreements	90,375			174,109
Long-term Debt - Notes Payable	168,347			168,097
TOTAL LIABILITIES	273,901			378,044
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 62,119,904 and 58,292,567 issued at December 31, 2017 and 2016, respectively, and 39,102,154 and 39,190,856 outstanding at December 31, 2017 and 2016, respectively)	621			582
Class B, par value $0.01 per share (1,000,000 shares authorized, 82 and 24 issued and outstanding at December 31, 2017 and 2016, respectively)	—			—
Additional Paid-In-Capital	1,600,699			1,368,122
Accumulated Other Comprehensive Income (Loss)	(31,411		)	(50,096		)
Retained Earnings	79,461			20,343
Treasury Stock at Cost (23,017,750 and 19,101,711 shares at December 31, 2017 and 2016, respectively)	(1,105,406		)	(811,653		)
TOTAL STOCKHOLDERS' EQUITY	543,964			527,298
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	817,865		$	905,342

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS



	For the Years Ended December 31,
	2017		2016		2015
REVENUES
Other Revenue, Including Interest	$	86,784	$	8,385	$	7,818
TOTAL REVENUES	86,784		8,385		7,818
Interest Expense	9,249		8,385		7,818
NET REVENUES	77,535		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	77,535		—		—
Equity in Income of Subsidiary	287,440		209,841		103,931
Provision for Income Taxes	239,521		102,313		61,068
NET INCOME	$	125,454	$	107,528	$	42,863

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS



	For the Years Ended December 31,
	2017			2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	125,454		$	107,528		$	42,863
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(209,905		)	(209,841		)	(103,931		)
Adjustment to Tax Receivable Agreement	(77,535		)	—			—
Deferred Taxes	153,344			12,453			(1,685		)
Accretion on Long-term Debt	250			180			1,603
(Increase) Decrease in Operating Assets:
Other Assets	(9,689		)	—			3,402
Increase (Decrease) in Operating Liabilities:
Taxes Payable	(21,341		)	6,580			14,761
Net Cash Provided by (Used in) Operating Activities	(39,422		)	(83,100		)	(42,987		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	95,943			84,658			82,703
Net Cash Provided by Investing Activities	95,943			84,658			82,703
CASH FLOWS FROM FINANCING ACTIVITIES
Exercise of Warrants, Net	—			—			6,416
Payment of Notes Payable - Mizuho	—			(120,000		)	—
Issuance of Notes Payable	—			170,000			—
Dividends	(56,521		)	(51,558		)	(46,132		)
Net Cash Provided by (Used in) Financing Activities	(56,521		)	(1,558		)	(39,716		)
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
Accrued Dividends	$	9,815		$	7,836		$	6,514
Exchange of Notes Payable as Consideration for Exercise of Warrants	$	—		$	—		$	118,347

See notes to parent company only financial statements.