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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 134,622 $ 206,794
Restricted cash 763 745
Receivables:    
Accounts receivable, net of allowance for credit losses of $1,625 and $1,729 as of March 31, 2023 and December 31, 2022, respectively 31,609 47,825
Accrued and other receivables 17,345 8,514
Total receivables 48,954 56,339
Deferred compensation 34,200 15,100
Investments 91,681 265,245
Right-of-use assets 149,634 152,341
Equipment and leasehold improvements, net 56,183 57,152
Deferred tax assets 435,516 429,649
Prepaid expenses and other assets 37,475 33,504
Total assets 989,028 1,216,869
Liabilities and Equity    
Compensation payable 29,230 243,176
Accounts payable, accrued expenses and other liabilities 29,236 11,929
Amount due pursuant to tax receivable agreement 304,780 302,356
Deferred revenue 4,085 7,708
Lease liabilities 189,587 192,762
Total liabilities 556,918 757,931
Commitments and Contingencies (See Note 11)
Treasury stock, at cost; 10,134,055 and 9,076,77 shares at March 31, 2023 and December 31, 2022, respectively (448,383) (403,857)
Additional paid-in-capital 1,466,079 1,412,795
Retained earnings (accumulated deficit) (603,121) (560,690)
Accumulated other comprehensive income (loss) (4,273) (4,529)
Total Moelis & Company equity 411,114 444,495
Noncontrolling interests 20,996 14,443
Total equity 432,110 458,938
Total liabilities and equity 989,028 1,216,869
Class A Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 767 730
Class B Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share $ 45 $ 46