Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 175

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 175
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31, 2024, 2023 AND 2022 

(dollars in thousands)

Year Ended December 31,202420232022NET INCOME (LOSS)$286,708 $(57,307)$392,483 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:Currency translation adjustments:Currency translation adjustments before reclassification(36,923)31,107 (64,778)Adjustment for items reclassified to earnings– 1,826 32 Employee benefit plans:Actuarial gain (loss) (net of tax expense (benefit) of $1,069, $(7,606) and $(5,978) for the years ended December 31, 2024, 2023 and 2022, respectively)1,716 (24,510)(11,413)Prior service cost (net of tax benefit of $2,747 and $2,567 for the years ended December 31, 2024 and 2023, respectively)(8,225)(7,751)– Adjustment for items reclassified to earnings (net of tax expense of $1,926, $1,521 and $994 for the years ended December 31, 2024, 2023 and 2022, respectively)6,579 5,233 4,152 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX(36,853)5,905 (72,007)COMPREHENSIVE INCOME (LOSS)249,855 (51,402)320,476 LESS - COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS6,735 18,173 34,966 COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO LAZARD$243,120 $(69,575)$285,510 

See notes to consolidated financial statements.76

LAZARD, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 

(dollars in thousands)

Year Ended December 31,202420232022CASH FLOWS FROM OPERATING ACTIVITIES:   Net income (loss)$286,708 $(57,307)$392,483 Adjustments to reconcile net income (loss) to net cash provided by (used in