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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 92,950 $ 167,812
Restricted cash 721 760
Receivables:    
Accounts receivable, net of allowance for credit losses of $4,707 and $4,088 as of June 30, 2020 and December 31, 2019, respectively 45,531 45,074
Accrued and other receivables 11,035 10,722
Total receivables 56,566 55,796
Deferred compensation 13,555 11,748
Investments 138,991 213,231
Right-of-use assets 182,625 190,763
Equipment and leasehold improvements, net 33,378 13,992
Deferred tax asset and income tax receivable 437,532 400,496
Prepaid expenses and other assets 17,626 17,101
Total assets 973,944 1,071,699
Liabilities and Equity    
Compensation payable 84,455 163,131
Accounts payable, accrued expenses and other liabilities 10,603 16,107
Amount due pursuant to tax receivable agreement 318,676 297,986
Deferred revenue 4,664 3,023
Lease liabilities 194,903 197,625
Total liabilities 613,301 677,872
Commitments and Contingencies (See Note 11)
Treasury stock, at cost; 3,651,956 and 2,757,558 shares as of June 30, 2020 and December 31, 2019, respectively (140,238) (107,836)
Additional paid-in-capital 961,326 872,791
Retained earnings (accumulated deficit) (401,137) (324,192)
Accumulated other comprehensive income (loss) 50 1,432
Total Moelis & Company equity 420,677 442,827
Noncontrolling interests (60,034) (49,000)
Total equity 360,643 393,827
Total liabilities and equity 973,944 1,071,699
Class A Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 589 528
Total equity 589 528
Class B Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 87 104
Total equity $ 87 $ 104