Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 174

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 174
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753 1,125,955 Interest income53,604 42,022 29,457 Other224,088 89,588 40,602 Total revenue3,139,904 2,593,162 2,855,093 Interest expense88,067 77,673 81,522 Net revenue3,051,837 2,515,489 2,773,571 OPERATING EXPENSESCompensation and benefits2,003,212 1,946,010 1,656,451 Occupancy and equipment132,935 131,117 122,251 Marketing and business development99,446 99,357 83,103 Technology and information services183,524 189,670 171,702 Professional services87,109 89,308 69,535 Fund administration and outsourced services107,173 110,878 109,978 Benefit pursuant to tax receivable agreement(8,237)(43,894)(1,209)Other60,203 73,000 44,912 Total operating expenses2,665,365 2,595,446 2,256,723 OPERATING INCOME (LOSS)386,472 (79,957)516,848 Provision (benefit) for income taxes99,764 (22,650)124,365 NET INCOME (LOSS)286,708 (57,307)392,483 LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS6,796 18,172 34,966 NET INCOME (LOSS) ATTRIBUTABLE TO LAZARD$279,912 $(75,479)$357,517 ATTRIBUTABLE TO LAZARD COMMON STOCKHOLDERS:WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic93,139,35288,993,98595,664,129Diluted102,392,17188,993,985100,997,674NET INCOME (LOSS) PER SHARE OF COMMON STOCK:Basic$2.93 $(0.90)$3.68 Diluted$2.68 $(0.90)$3.51 

See notes to consolidated financial statements.75

LAZARD, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

FOR THE YEARS ENDED DECEMBER