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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Investment Banking:        
Other Revenue, Including Interest and Investments $ 12,479 $ 9,911 $ 13,047 $ 35,886
Total Revenues 407,518 407,864 1,352,969 1,362,492
Interest Expense 5,003 5,666 16,372 13,921
Net Revenues 402,515 402,198 1,336,597 1,348,571
Expenses        
Employee Compensation and Benefits 259,812 241,702 864,600 803,657
Occupancy and Equipment Rental 18,043 16,946 54,318 51,225
Professional Fees 17,324 21,577 53,165 60,912
Travel and Related Expenses 3,182 17,589 23,089 54,650
Communications and Information Services 13,868 12,146 40,704 34,773
Depreciation and Amortization 6,214 8,419 20,060 23,123
Execution, Clearing and Custody Fees 2,840 3,265 10,230 9,483
Special Charges, Including Business Realignment Costs 7,380 1,029 39,614 3,087
Acquisition and Transition Costs 454 380 560 488
Other Operating Expenses 9,712 8,801 30,539 26,185
Total Expenses 338,829 331,854 1,136,879 1,067,583
Income Before Income from Equity Method Investments and Income Taxes 63,686 70,344 199,718 280,988
Income from Equity Method Investments 3,111 2,562 8,552 7,226
Income Before Income Taxes 66,797 72,906 208,270 288,214
Provision for Income Taxes 15,677 20,402 51,042 60,253
Net Income 51,120 52,504 157,228 227,961
Net Income Attributable to Noncontrolling Interest 8,510 9,226 27,031 35,709
Net Income Attributable to Evercore Inc. 42,610 43,278 130,197 192,252
Net Income Attributable to Evercore Inc. Common Shareholders $ 42,610 $ 43,278 $ 130,197 $ 192,252
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 40,694 39,704 40,441 40,246
Diluted (in shares) 42,343 42,789 42,185 43,437
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:        
Basic (in dollars per share) $ 1.05 $ 1.09 $ 3.22 $ 4.78
Diluted (in dollars per share) $ 1.01 $ 1.01 $ 3.09 $ 4.43
Investment Banking [Member]        
Investment Banking:        
Revenue from Contract with Customer $ 381,014 $ 385,303 $ 1,300,197 $ 1,289,154
Net Revenues 385,463 388,012 1,294,493 1,305,586
Expenses        
Special Charges, Including Business Realignment Costs 7,380 1,029 39,582 3,087
Acquisition and Transition Costs 154 180 260 180
Income Before Income from Equity Method Investments and Income Taxes 59,105 68,398 194,475 274,517
Income from Equity Method Investments 570 282 1,171 756
Income Before Income Taxes 59,675 68,680 195,646 275,273
Investment Banking [Member] | Advisory Fees [Member]        
Investment Banking:        
Revenue from Contract with Customer 270,662 320,885 965,662 1,090,309
Investment Banking [Member] | Underwriting Fees [Member]        
Investment Banking:        
Revenue from Contract with Customer 66,499 17,598 181,182 61,428
Investment Banking [Member] | Commissions and Related Fees [Member]        
Investment Banking:        
Revenue from Contract with Customer 43,853 46,820 153,353 137,417
Investment Management [Member]        
Investment Banking:        
Revenue from Contract with Customer 14,025 12,650 39,725 37,452
Net Revenues 17,052 14,186 42,104 42,985
Expenses        
Special Charges, Including Business Realignment Costs 0 0 32 0
Acquisition and Transition Costs 300 200 300 308
Income Before Income from Equity Method Investments and Income Taxes 4,581 1,946 5,243 6,471
Income from Equity Method Investments 2,541 2,280 7,381 6,470
Income Before Income Taxes 7,122 4,226 12,624 12,941
Investment Management [Member] | Asset Management [Member]        
Investment Banking:        
Revenue from Contract with Customer $ 14,025 $ 12,650 $ 39,725 $ 37,452