Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 45

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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Item 1.     Financial Statements (Unaudited)

PageCondensed Consolidated Statements of Financial Condition as of September 30, 2025 and December 31, 20242Condensed Consolidated Statements of Operations for the three month and nine month periods ended September 30, 2025 and 20244Condensed Consolidated Statements of Comprehensive Income for the three month and nine month periods ended September 30, 2025 and 20245Condensed Consolidated Statements of Cash Flows for the nine month periods ended September 30, 2025 and 20246Condensed Consolidated Statements of Changes in Stockholders’ Equity and Redeemable Noncontrolling Interests for the three month and nine month periods ended September 30, 2025 and 20248Notes to Condensed Consolidated Financial Statements12

1

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

(UNAUDITED)

(dollars in thousands, except for per share data)

September 30,2025December 31,2024ASSETSCash and cash equivalents$1,171,985 $1,308,218 Deposits with banks and short-term investments217,606 268,684 Restricted cash33,452 32,466 Receivables (net of allowance for credit losses of $27,893 and $32,033   at September 30, 2025 and December 31, 2024, respectively):Fees613,714 640,567 Customers and other160,968 113,056 774,682 753,623 Investments (including $45,226 pledged at September 30, 2025)623,711 614,947 Property (net of accumulated amortization and depreciation of $327,537 and $332,840 at September 30, 2025 and December 31, 2024, respectively)173,285 160,402 Operating lease right-of-use assets437,014 434,938 Goodwill and other intangible assets (net of accumulated amortization     of $67,711 at both September 30, 2025 and December 31, 2024)395,251 393,575 Deferred tax assets473,879 479,582 Other assets333,055