Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 49

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
 of $554 and $545 for the three months ended September 30, 2025 and 2024, respectively, and $1,646 and $1,455 for the nine months ended  September 30, 2025 and 2024, respectively)1,831 1,888 5,472 4,775 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX(4,046)34,482 53,859 18,139 COMPREHENSIVE INCOME69,454 150,617 250,665 226,551 LESS - COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS2,254 8,230 9,905 14,843 COMPREHENSIVE INCOME ATTRIBUTABLE TO LAZARD$67,200 $142,387 $240,760 $211,708 

See notes to condensed consolidated financial statements.5

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024

(UNAUDITED) 

(dollars in thousands)Nine Months EndedSeptember 30,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income $196,806 $208,412 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Amortization of deferred expenses and share-based incentive compensation359,051 377,255 Noncash lease expense49,587 49,903 Depreciation and amortization of property25,549 27,284 Deferred tax benefit(2,363)(34,209)Benefit pursuant to tax receivable agreement(20,146)– Gain on sale of owned office building– (114,271)Other adjustments(8,566)– (Increase) decrease in operating assets and increase (decrease) in operating liabilities:Receivables-net45,582 85,812 Investments(14,133)66,402 Other assets(7,858)(87,375)Accrued compensation and benefits and other liabilities(503,882)(199,239)Net cash provided by operating activities119,627  379,974 CASH FLOWS FROM INVESTING ACTIVITIES:Additions to