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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 102,643 $ 186,417
Restricted cash 610 798
Receivables:    
Accounts receivable, net of allowance for credit losses of $1,955 and $1,263 as of March 31, 2024 and December 31, 2023, respectively 49,970 51,219
Accrued and other receivables 35,241 12,416
Total receivables 85,211 63,635
Deferred compensation 42,271 17,133
Investments 67,676 210,357
Right-of-use assets 167,993 171,998
Equipment and leasehold improvements, net 66,793 63,803
Deferred tax assets 451,001 437,238
Prepaid expenses and other assets 28,274 28,380
Total assets 1,012,472 1,179,759
Liabilities and Equity    
Compensation payable 48,621 259,771
Accounts payable, accrued expenses and other liabilities 43,398 32,626
Amount due pursuant to tax receivable agreement 310,119 304,567
Deferred revenue 5,729 4,649
Lease liabilities 211,844 215,684
Total liabilities 619,711 817,297
Commitments and Contingencies (See Note 11)
Treasury stock, at cost; 10,343,338 and 10,184,460 shares at March 31, 2024 and December 31, 2023, respectively (459,253) (450,859)
Additional paid-in-capital 1,626,614 1,573,702
Retained earnings (accumulated deficit) (799,087) (767,587)
Accumulated other comprehensive income (loss) (4,647) (3,928)
Total Moelis & Company equity 364,478 352,141
Noncontrolling interests 28,283 10,321
Total equity 392,761 362,462
Total liabilities and equity 1,012,472 1,179,759
Class A Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 807 768
Class B Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share $ 44 $ 45