Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 69

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 69
---
 contracts$4,248 $359,717 $1,068 $167,115 Total return swaps and other125 1,031 17,527 116,239 LFI and other similar deferred compensation arrangements– – 270,847 247,848 Total gross derivatives4,373 $360,748 289,442 $531,202 Counterparty and cash collateral netting:Forward foreign currency exchange rate contracts(461)(460)Total return swaps and other(125)(14,702)Net derivatives in "other assets" and "other liabilities"3,787 274,280 Amounts not netted on the condensed consolidated    statement of financial condition (a):Cash collateral– (1,132)Securities collateral– – $3,787 $273,148 ___________________________________(a)Amounts are subject to master netting arrangements but do not meet the criteria for netting on the condensed consolidated statements of financial condition under U.S. GAAP. For some counterparties, the amounts of securities and cash collateral pledged may exceed the derivative assets and derivative liabilities balances. Where this is the case, the amount of collateral offset within net derivatives is limited to the net derivative assets and net derivative liabilities balances with that counterparty.Net gains (losses) with respect to derivative instruments (included in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements 

24

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

(included in “compensation and benefits” expense) as reflected on the accompanying condensed consolidated statements of operations for the three month and six month periods ended June 30, 2025 and 2024 were as follows:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Forward foreign currency exchange rate contracts$(9,610)$1,894 $(15,009)$3,225 LFI and other similar deferred compensation arrangements(10,509)1,201 (15,752)(8,172)Total return swaps and other(34,641)421 (30,987)(5,943)Total$(54,760)$3,516 $(61,748)$(10,890)

8.