Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 53

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 InterestsTotal Stockholders’ EquityRedeemableNoncontrollingInterestsShares$Shares$Balance - January 1, 2024112,766,091$1,128 $247,204 $1,402,636 $(289,950)25,340,287$(937,259)$423,759 $58,428 $482,187 $87,675 Comprehensive income (loss):  Net income 85,664 85,664 3,535 89,199 3,078 Other comprehensive loss - net of tax(16,343)(16,343)– (16,343)Amortization of share-based incentive compensation158,211 158,211 1,334 159,545 Dividend equivalents16,263 (16,866)(603)(7,230)(7,833)Common stock dividends ($1.00 per share)(88,731)(88,731)(88,731)Purchase of common stock1,055,913(40,816)(40,816)(40,816)Delivery of common stock in connection with share-based incentive compensation and related tax expense of $881(204,458)(3,799,789)140,743 (63,715)1,241 (62,474)Business acquisitions and related equity transactions:Common stock issuable1,235 1,235 – 1,235 Distributions to noncontrolling interests, net(1,773)(1,773)LFI Consolidated Funds(9,822)Other144(6)(6)– (6)Balance - June 30, 2024112,766,091$1,128 $218,455 $1,382,703 $(306,293)22,596,555 $(837,338)$458,655 $55,535 $514,190 $80,931 

See notes to condensed consolidated financial statements.11

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

1.    ORGANIZATION AND BASIS OF PRESENTATION

OrganizationLazard, Inc. is one of the world’s preeminent financial advisory and asset management firms, incorporated in Delaware that specializes in crafting solutions to the complex financial and strategic challenges of our clients.