XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues $ 153,523 $ 220,405 $ 291,306 $ 439,823
Expenses        
Compensation and benefits 84,485 128,109 174,646 255,286
Occupancy 4,765 4,550 9,584 9,133
Professional fees 5,342 6,574 10,521 12,258
Communication, technology and information services 7,877 7,317 15,839 14,450
Travel and related expenses 9,293 10,851 20,790 22,411
Depreciation and amortization 1,290 1,100 2,445 2,155
Other expenses 6,592 6,259 13,973 13,416
Total expenses 119,644 164,760 247,798 329,109
Operating income (loss) 33,879 55,645 43,508 110,714
Other income and (expenses) 4,303 1,286 5,680 1,873
Income (loss) from equity method investments 719 2,226 1,432 3,114
Income (loss) before income taxes 38,901 59,157 50,620 115,701
Provision (benefit) for income taxes 1,234 6,027 (3,224) 8,590
Net income (loss) 37,667 53,130 53,844 107,111
Net income (loss) attributable to noncontrolling interests 8,208 17,440 10,815 38,096
Net income (loss) attributable to Moelis & Company 29,459 35,690 43,029 69,015
Class A Common Stock        
Expenses        
Net income (loss) attributable to Moelis & Company $ 29,459 $ 35,690 $ 43,029 $ 69,015
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 50,107,269 41,750,396 48,919,127 38,938,952
Diluted (in shares) 54,668,087 49,280,107 54,770,852 46,991,421
Net income (loss) per share attributable to holders of shares of Class A common stock        
Basic (in dollars per share) $ 0.59 $ 0.85 $ 0.88 $ 1.77
Diluted (in dollars per share) $ 0.54 $ 0.72 $ 0.79 $ 1.47