Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 198

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part II, Item 8
Chunk 198
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$517,693 $22,269 $845 $91,676 $632,483 Liabilities:Securities sold, not yet purchased$4,529 $– $– $– $4,529 Contingent consideration liability– – 4,495 – 4,495 Derivatives– 274,280 – – 274,280 Total$4,529 $274,280 $4,495 $– $283,304 ___________________________________(a)Level 1 represents U.S. Treasury securities. The following tables provide a summary of changes in fair value of the Company’s Level 3 assets and liabilities for the three month and six month periods ended June 30, 2025 and 2024:Three Months Ended June 30, 2025BeginningBalanceNet Unrealized/RealizedGains/LossesIncluded InEarnings (a)Purchases/IssuancesSales/Settlements ForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$599 $46 $– $– $52 $697 Private equity funds267 – – – 22 289 Total Level 3 assets$866 $46 $– $– $74 $986 Liabilities:Contingent consideration    liability$2,221 $27 $– $– $– $2,248 Total Level 3 liabilities$2,221 $27 $– $– $– $2,248 

20

LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

Six Months Ended June 30, 2025BeginningBalanceNet Unrealized/RealizedGains/LossesIncluded InEarnings (a)Purchases/IssuancesSales/SettlementsForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$589 $47 $– $– $61 $697 Private equity funds256 – – – 33 289 Total Level 3 assets$845 $47 $– $– $94 $986 Liabilities:Contingent consideration   liability (b)$4,