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

12 Months Ended

Dec. 31, 2019

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)



	December 31,
	2019			2018
ASSETS
Equity Investment in Subsidiary	$	1,066,398		$	824,239
Deferred Tax Assets	244,965			223,936
Goodwill	15,236			15,236
Other Assets	18,704			—
TOTAL ASSETS	$	1,345,303		$	1,063,411
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	9,570		$	9,161
Taxes Payable	—			30,749
Other Current Liabilities	6,003			2,358
Total Current Liabilities	15,573			42,268
Amounts Due Pursuant to Tax Receivable Agreements	84,952			94,411
Long-term Debt - Notes Payable	375,062			168,612
TOTAL LIABILITIES	475,587			305,291
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 68,698,675 and 65,872,014 issued at December 31, 2019 and 2018, respectively, and 39,176,010 and 39,748,576 outstanding at December 31, 2019 and 2018, respectively)	687			659
Class B, par value $0.01 per share (1,000,000 shares authorized, 84 and 86 issued and outstanding at December 31, 2019 and 2018, respectively)	—			—
Additional Paid-In-Capital	2,016,524			1,818,100
Accumulated Other Comprehensive Income (Loss)	(27,596		)	(30,434		)
Retained Earnings	558,269			364,882
Treasury Stock at Cost (29,522,665 and 26,123,438 shares at December 31, 2019 and 2018, respectively)	(1,678,168		)	(1,395,087		)
TOTAL STOCKHOLDERS' EQUITY	869,716			758,120
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,345,303		$	1,063,411

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS



	For the Years Ended December 31,
	2019		2018		2017
REVENUES
Other Revenue, Including Interest and Investments	$	12,915	$	9,202	$	86,784
TOTAL REVENUES	12,915		9,202		86,784
Interest Expense	12,915		9,202		9,249
NET REVENUES	—		—		77,535
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		77,535
Equity in Income of Subsidiary	383,717		473,978		287,440
Provision for Income Taxes	86,281		96,738		239,521
NET INCOME	$	297,436	$	377,240	$	125,454

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS



	For the Years Ended December 31,
	2019			2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	297,436		$	377,240		$	125,454
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(383,717		)	(473,978		)	(209,905		)
Adjustment to Tax Receivable Agreement	—			—			(77,535		)
Deferred Taxes	(3,966		)	(5,311		)	153,344
Accretion on Long-term Debt	336			265			250
(Increase) Decrease in Operating Assets:
Other Assets	(18,704		)	9,689			(9,689		)
Increase (Decrease) in Operating Liabilities:
Taxes Payable	(30,749		)	30,749			(21,341		)
Net Cash Provided by (Used in) Operating Activities	(139,364		)	(61,346		)	(39,422		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	30,449			138,648			95,943
Net Cash Provided by Investing Activities	30,449			138,648			95,943
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of Notes Payable	205,718			—			—
Dividends	(96,803		)	(77,302		)	(56,521		)
Net Cash Provided by (Used in) Financing Activities	108,915			(77,302		)	(56,521		)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	—			—			—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of Year	—			—			—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of Year	$	—		$	—		$	—

SUPPLEMENTAL CASH FLOW DISCLOSURE
Accrued Dividends	$	14,642		$	12,288		$	9,815

See notes to parent company only financial statements.