Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 211

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part II, Item 8
Chunk 211
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 net derivatives is limited to the net derivative assets and net derivative liabilities balances with that counterparty. Cash and securities collateral were previously reported separately. Prior year information has been recast to reflect the current presentation. 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 (included in “compensation and benefits” expense) as reflected on the accompanying condensed consolidated statements of operations for the three month and nine month periods ended September 30, 2025 and 2024 were as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Forward foreign currency exchange rate contracts$1,670 $(5,860)$(13,339)$(2,635)LFI and other similar deferred compensation arrangements(4,823)(16,732)(20,575)(24,904)Total return swaps and other(16,990)(8,143)(47,977)(14,086)Total$(20,143)$(30,735)$(81,891)$(41,625)

25

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

8.    PROPERTY, NET

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