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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 186,417 $ 206,794
Restricted cash 798 745
Receivables:    
Accounts receivable, net of allowance for credit losses of $1,263 and $1,729 as of December 31, 2023 and December 31, 2022, respectively 51,219 47,825
Accrued and other receivables 12,416 8,514
Total receivables 63,635 56,339
Deferred compensation 17,133 15,100
Investments 210,357 265,245
Right-of-use assets 171,998 152,341
Equipment and leasehold improvements, net 63,803 57,152
Deferred tax assets 437,238 429,649
Prepaid expenses and other assets 28,380 33,504
Total assets 1,179,759 1,216,869
Liabilities and Equity    
Compensation payable 259,771 243,176
Accounts payable, accrued expenses and other liabilities 32,626 11,929
Amount due pursuant to tax receivable agreement 304,567 302,356
Deferred revenue 4,649 7,708
Lease liabilities 215,684 192,762
Total liabilities 817,297 757,931
Commitments and Contingencies (See Note 12)
Treasury stock, at cost; 10,184,460 and 9,076,777 shares at December 31, 2023 and December 31, 2022, respectively (450,859) (403,857)
Additional paid-in-capital 1,573,702 1,412,795
Retained earnings (accumulated deficit) (767,587) (560,690)
Accumulated other comprehensive income (loss) (3,928) (4,529)
Total Moelis & Company equity 352,141 444,495
Noncontrolling interests 10,321 14,443
Total equity 362,462 458,938
Total liabilities and equity 1,179,759 1,216,869
Class A Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 768 730
Class B Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share $ 45 $ 46