Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 50

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 property(28,366)(30,625)Proceeds from sale of property– 194,283 Purchase of equity method investment– (17,488)Purchase of investments– (98,350)Proceeds from sales and maturities of debt securities– 50,000 Other disposals of property– 1,995 Other investing activities(35,584)– Net cash provided by (used in) investing activities(63,950)99,815 CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from (payments for) customer deposits, net12,477 (42,610)Proceeds from:Issuance of senior debt300,000 396,010 Contributions from noncontrolling interests1,466 1,989 Payments for:Extinguishment of senior debt(298,354)(233,073)Distributions to noncontrolling interests(2,049)(3,976)Tax receivable agreement– (30,950)Purchase of common stock(41,012)(43,928)Common stock dividends(139,203)(133,823)Settlement of share-based incentive compensation in satisfaction of tax withholding requirements(114,783)(64,189)LFI Consolidated Funds redemptions(30,232)(39,074)Other financing activities(17,269)(12,172)Net cash used in financing activities(328,959)(205,796)EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH86,957 14,763 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH(186,325)288,756 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 11,609,368 1,224,983 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—September 30$1,423,043 $1,513,739 

See notes to condensed consolidated financial statements.6

RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH WITHIN    THE CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION:September 30,2025December 31,2024Cash and cash equivalents$1,171,985 $