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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Investment Banking:(1)        
Advisory Fees [1] $ 362,995 $ 294,804 $ 741,310 $ 607,088
Underwriting Fees [1] 21,065 9,156 51,344 19,136
Commissions and Related Fees [1] 51,076 53,824 94,110 103,508
Asset Management and Administration Fees(1) [1] 12,170 15,471 23,925 30,753
Other Revenue, Including Interest and Investments(1) [1] 6,239 2,017 10,768 6,810
Total Revenues 453,545 375,272 921,457 767,295
Interest Expense 5,068 4,802 9,417 9,578
Net Revenues 448,477 370,470 912,040 757,717
Expenses        
Employee Compensation and Benefits 265,591 236,856 541,085 442,414
Occupancy and Equipment Rental 14,478 13,585 27,882 26,660
Professional Fees(1) [1] 20,833 9,908 36,883 26,653
Travel and Related Expenses 17,622 16,883 33,978 31,863
Communications and Information Services 10,360 9,941 21,044 20,252
Depreciation and Amortization 6,746 6,047 13,394 11,846
Execution, Clearing and Custody Fees(1) [1] 1,560 3,658 4,750 7,517
Special Charges 0 21,507 1,897 21,507
Acquisition and Transition Costs 0 377 21 377
Other Operating Expenses(1) [1] 6,505 5,442 13,775 11,033
Total Expenses 343,695 324,204 694,709 600,122
Income Before Income from Equity Method Investments and Income Taxes 104,782 46,266 217,331 157,595
Income from Equity Method Investments 2,419 2,070 4,544 3,680
Income Before Income Taxes 107,201 48,336 221,875 161,275
Provision for Income Taxes 25,541 22,459 30,479 40,751
Net Income 81,660 25,877 191,396 120,524
Net Income Attributable to Noncontrolling Interest 12,729 7,693 26,922 21,569
Net Income Attributable to Evercore Inc. 68,931 18,184 164,474 98,955
Net Income Attributable to Evercore Inc. Common Shareholders $ 68,931 $ 18,184 $ 164,474 $ 98,955
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 40,889 40,109 40,653 40,294
Diluted (in shares) 45,299 44,706 45,377 45,319
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:        
Basic (in dollars per share) $ 1.69 $ 0.45 $ 4.05 $ 2.46
Diluted (in dollars per share) 1.52 0.41 3.62 2.18
Dividends Declared Per Share of Class A Common Stock (in dollars per share) $ 0.5 $ 0.34 $ 0.9 $ 0.68
[1] Certain balances in the prior period were reclassified to conform to their current presentation. See Note 2 for further information.