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

12 Months Ended

Dec. 31, 2022

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)


	December 31,
	2022		2021
ASSETS
Equity Investment in Subsidiary	$	1,703,843	$	1,550,930

Deferred Tax Assets	233,280		227,826
Goodwill	15,236		15,236
Other Assets	31,099		—
TOTAL ASSETS	$	1,983,458	$	1,793,992
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	10,417	$	10,465
Taxes Payable	—		13,075
Other Current Liabilities	3,287		3,629

Total Current Liabilities	13,704		27,169
Amounts Due Pursuant to Tax Receivable Agreements	61,169		70,209
Long-term Debt - Notes Payable	371,774		376,243
TOTAL LIABILITIES	446,647		473,621
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 79,686,375 and 74,804,288 issued at December 31, 2022 and 2021, respectively, and 38,347,262 and 37,903,430 outstanding at December 31, 2022 and 2021, respectively)	797		748
Class B, par value $0.01 per share (1,000,000 shares authorized, 50 and 53 issued and outstanding at December 31, 2022 and 2021, respectively)	—		—
Additional Paid-In-Capital	2,861,775		2,458,779
Accumulated Other Comprehensive Income (Loss)	(27,942)		(12,086)
Retained Earnings	1,768,098		1,418,382
Treasury Stock at Cost (41,339,113 and 36,900,858 shares at December 31, 2022 and 2021, respectively)	(3,065,917)		(2,545,452)
TOTAL STOCKHOLDERS' EQUITY	1,536,811		1,320,371
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,983,458	$	1,793,992

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS


	For the Years Ended December 31,
	2022		2021		2020
REVENUES
Other Revenue, Including Interest and Investments	$	16,850	$	17,439	$	18,197
TOTAL REVENUES	16,850		17,439		18,197
Interest Expense	16,850		17,439		18,197
NET REVENUES	—		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		—
Equity in Income of Subsidiary	605,957		954,167		451,129
Provision for Income Taxes	129,437		214,051		100,555
NET INCOME	$	476,520	$	740,116	$	350,574

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS


	For the Years Ended December 31,
	2022		2021		2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	476,520	$	740,116	$	350,574
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(605,957)		(954,167)		(451,129)

Deferred Taxes	2,624		29,017		11,395
Accretion on Long-term Debt	585		433		435
(Increase) Decrease in Operating Assets:
Other Assets	(31,099)		25,603		(6,899)
Increase (Decrease) in Operating Liabilities:

Taxes Payable	(13,075)		13,075		—

Net Cash Provided by (Used in) Operating Activities	(170,402)		(145,923)		(95,624)
CASH FLOWS FROM INVESTING ACTIVITIES

Investment in Subsidiary	297,659		264,685		202,206
Net Cash Provided by Investing Activities	297,659		264,685		202,206
CASH FLOWS FROM FINANCING ACTIVITIES




Payment of Notes Payable	(67,000)		(38,000)		—
Issuance of Notes Payable	67,000		38,000		—
Dividends	(127,257)		(118,762)		(106,582)
Net Cash Provided by (Used in) Financing Activities	(127,257)		(118,762)		(106,582)
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	$	15,236	$	14,332	$	13,734

See notes to parent company only financial statements.