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

12 Months Ended

Dec. 31, 2021

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)


	December 31,
	2021		2020
ASSETS
Equity Investment in Subsidiary	$	1,550,930	$	1,419,718

Deferred Tax Assets	227,826		237,595
Goodwill	15,236		15,236
Other Assets	—		25,603
TOTAL ASSETS	$	1,793,992	$	1,698,152
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	10,465	$	9,891
Taxes Payable	13,075		—
Other Current Liabilities	3,629		3,963
Current Portion of Notes Payable	—		37,974
Total Current Liabilities	27,169		51,828
Amounts Due Pursuant to Tax Receivable Agreements	70,209		76,860
Long-term Debt - Notes Payable	376,243		338,518
TOTAL LIABILITIES	473,621		467,206
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 74,804,288 and 72,195,283 issued at December 31, 2021 and 2020, respectively, and 37,903,430 and 40,750,225 outstanding at December 31, 2021 and 2020, respectively)	748		722
Class B, par value $0.01 per share (1,000,000 shares authorized, 53 and 48 issued and outstanding at December 31, 2021 and 2020, respectively)	—		—
Additional Paid-In-Capital	2,458,779		2,266,136
Accumulated Other Comprehensive Income (Loss)	(12,086)		(9,758)
Retained Earnings	1,418,382		798,573
Treasury Stock at Cost (36,900,858 and 31,445,058 shares at December 31, 2021 and 2020, respectively)	(2,545,452)		(1,824,727)
TOTAL STOCKHOLDERS' EQUITY	1,320,371		1,230,946
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,793,992	$	1,698,152

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS


	For the Years Ended December 31,
	2021		2020		2019
REVENUES
Other Revenue, Including Interest and Investments	$	17,439	$	18,197	$	12,915
TOTAL REVENUES	17,439		18,197		12,915
Interest Expense	17,439		18,197		12,915
NET REVENUES	—		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		—
Equity in Income of Subsidiary	954,167		451,129		383,717
Provision for Income Taxes	214,051		100,555		86,281
NET INCOME	$	740,116	$	350,574	$	297,436

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS


	For the Years Ended December 31,
	2021		2020		2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	740,116	$	350,574	$	297,436
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(954,167)		(451,129)		(383,717)

Deferred Taxes	29,017		11,395		(3,966)
Accretion on Long-term Debt	433		435		336
(Increase) Decrease in Operating Assets:
Other Assets	25,603		(6,899)		(18,704)
Increase (Decrease) in Operating Liabilities:

Taxes Payable	13,075		—		(30,749)

Net Cash Provided by (Used in) Operating Activities	(145,923)		(95,624)		(139,364)
CASH FLOWS FROM INVESTING ACTIVITIES

Investment in Subsidiary	264,685		202,206		30,449
Net Cash Provided by Investing Activities	264,685		202,206		30,449
CASH FLOWS FROM FINANCING ACTIVITIES




Payment of Notes Payable	(38,000)		—		—
Issuance of Notes Payable	38,000		—		205,718
Dividends	(118,762)		(106,582)		(96,803)
Net Cash Provided by (Used in) Financing Activities	(118,762)		(106,582)		108,915
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	$	14,332	$	13,734	$	14,642

See notes to parent company only financial statements.