Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 176

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 176
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) operating activities:Amortization of deferred expenses and share-based incentive compensation448,487 429,857 406,302 Noncash lease expense66,807 63,552 60,624 Depreciation and amortization of property36,281 42,853 42,336 Currency translation adjustment reclassification– 1,826 32 Deferred tax provision (benefit)11,068 (81,068)42,709 Benefit pursuant to tax receivable agreement(8,237)(43,894)(1,209)Gain on sale of owned office building(114,271)– – Impairment of equity method investments and other receivables– 22,981 – Impairment of assets associated with cost-saving initiatives– 8,801 – Loss on LGAC liquidation– 17,929 – Other adjustments(280)– – (Increase) decrease in operating assets and increase (decrease) in operating liabilities:Receivables-net(3,577)(100,501)140,745 Investments72,716 (145,010)178,025 Other assets(65,341)(47,671)(55,444)Accrued compensation and benefits and other liabilities12,467 52,314 (372,619)Net cash provided by operating activities742,828 164,662 833,984 CASH FLOWS FROM INVESTING ACTIVITIES:   Additions to property(45,498)(28,297)(49,511)Proceeds from sale of property194,283 – – Purchase of equity method investment(17,488)– – Purchase of debt securities(98,350)– – Proceeds from sales and maturities of debt securities100,000 – – Other disposals of property2,110 490 573 Acquisition of business, net of cash acquired– (10,516)– Other investing activities(985)– (7,500)Net cash provided by (used in) investing activities134,072 (38,323)(56,438)CASH FLOWS FROM FINANCING ACTIVITIES:   Proceeds from (payments for) customer deposits, net(48,484)(572,025)(373,044)Proceeds from:   Issuance of senior debt, net of