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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 160,199 $ 206,794
Restricted cash 615 745
Receivables:    
Accounts receivable, net of allowance for credit losses of $1,768 and $1,729 as of June 30, 2023 and December 31, 2022, respectively 36,127 47,825
Accrued and other receivables 15,598 8,514
Total receivables 51,725 56,339
Deferred compensation 27,766 15,100
Investments 87,210 265,245
Right-of-use assets 161,298 152,341
Equipment and leasehold improvements, net 59,826 57,152
Deferred tax assets 437,595 429,649
Prepaid expenses and other assets 31,692 33,504
Total assets 1,017,926 1,216,869
Liabilities and Equity    
Compensation payable 68,773 243,176
Accounts payable, accrued expenses and other liabilities 27,188 11,929
Amount due pursuant to tax receivable agreement 304,780 302,356
Deferred revenue 10,379 7,708
Lease liabilities 201,117 192,762
Total liabilities 612,237 757,931
Commitments and Contingencies (See Note 11)
Treasury stock, at cost; 10,140,187 and 9,076,77 shares at June 30, 2023 and December 31, 2022, respectively (448,613) (403,857)
Additional paid-in-capital 1,502,470 1,412,795
Retained earnings (accumulated deficit) (660,529) (560,690)
Accumulated other comprehensive income (loss) (3,988) (4,529)
Total Moelis & Company equity 390,152 444,495
Noncontrolling interests 15,537 14,443
Total equity 405,689 458,938
Total liabilities and equity 1,017,926 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