Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 72

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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At September 30, 2025 and December 31, 2024, property consisted of the following:EstimatedDepreciableLife in YearsSeptember 30,2025December 31,2024Buildings 33$12,946 $11,455 Leasehold improvements 3-20238,365 214,744 Furniture and equipment3-10170,864 165,727 Computer software3-569,928 67,523 Construction in progress8,719 33,793 Total500,822 493,242 Less - Accumulated depreciation and amortization 327,537 332,840 Property, net$173,285 $160,402 

9.    GOODWILL

Changes in the carrying amount of goodwill for the nine month periods ended September 30, 2025 and 2024 are as follows: Nine Months Ended September 30,20252024Financial AdvisoryAsset ManagementTotalFinancial AdvisoryAsset ManagementTotalBalance, January 1$312,305 $81,270 $393,575 $313,628 $81,270 $394,898 Foreign currency translation adjustments1,676 – 1,676 (323)– (323)Balance, September 30$313,981 $81,270 $395,251 $313,305 $81,270 $394,575 

26

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

10.    SENIOR DEBT

Senior debt is comprised of the following as of September 30, 2025 and December 31, 2024: Outstanding as ofSeptember 30, 2025December 31, 2024InitialPrincipalAmountMaturityDateAnnual InterestRateEffective Interest RatePrincipalUnamortizedDebt CostsCarryingValuePrincipalUnamortizedDebt CostsCarryingValueLazard Group    2027 Senior    Notes (a)300,000 3/01/273.625 %– %$– $– $– $300,000 $1,213 $298,787 Lazard Group    2028 Senior    Notes500,000 9/19/284.50