Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 234

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part II, Item 8
Chunk 234
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Interest income (included in net revenue)$3,718 $6,744 $18,067 $28,529 Depreciation and amortization of property    (included in adjusted non-compensation    expense)$5,980 $4,352 $15,177 $25,509 

42

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

Three Months Ended September 30, 2024Financial AdvisoryAsset ManagementCorporateTotalNet Revenue - U.S. GAAP Basis$370,917 $293,878 $120,071 $784,866 Adjusted Compensation and Benefits Expense238,360 145,695 42,248 426,303 Adjusted Non-compensation Expense49,333 58,058 30,848 138,239 Other Segment Items(2,110)(22,368)(114,474)(138,952)Adjusted Operating Income (Loss)$81,114 $67,757 $(67,499)$81,372 Other Segment Disclosures: Interest income (included in net revenue)$1,167 $3,803 $10,035 $15,005  Depreciation and amortization of property     (included in adjusted non-compensation    expense)$2,007 $1,410 $5,536 $8,953 Nine Months Ended September 30, 2024Financial AdvisoryAsset ManagementCorporateTotalNet Revenue - U.S. GAAP Basis$1,235,732 $874,841 $124,395 $2,234,968 Adjusted Compensation and Benefits Expense815,764 430,711 124,425 1,370,900 Adjusted Non-compensation Expense148,310 169,320 103,514 421,144 Other Segment Items(12,355)(62,178)(83,314)(157,847)Adjusted Operating Income (Loss)$259,303 $212,632 $(186,858)$285,077 Other Segment Disclosures: Interest income (included in net revenue)$3,443 $11,323 $24,564 $39,330  Depreciation and amortization of property    (included in adjusted non-compensation