Company: LAZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021162
Chunk: 39

Company: Lazard, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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Item 1.     Financial Statements (Unaudited)

PageCondensed Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 20242Condensed Consolidated Statements of Operations for the three month periods ended March 31, 2025 and 20244Condensed Consolidated Statements of Comprehensive Income (Loss) for the three month periods ended March 31, 2025 and 20245Condensed Consolidated Statements of Cash Flows for the three month periods ended March 31, 2025 and 20246Condensed Consolidated Statements of Changes in Stockholders’ Equity and Redeemable Noncontrolling Interests for the three month periods ended March 31, 2025 and 20248Notes to Condensed Consolidated Financial Statements10

1

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

MARCH 31, 2025 AND DECEMBER 31, 2024

(UNAUDITED)

(dollars in thousands, except for per share data)

March 31,2025December 31,2024ASSETSCash and cash equivalents$908,586 $1,308,218 Deposits with banks and short-term investments264,944 268,684 Restricted cash34,252 32,466 Receivables (net of allowance for credit losses of $26,340 and $32,033   at March 31, 2025 and December 31, 2024, respectively):Fees531,498 640,567 Customers and other151,506 113,056 683,004 753,623 Investments506,497 614,947 Property (net of accumulated amortization and depreciation of $344,457 and $332,840 at March 31, 2025 and December 31, 2024, respectively)168,190 160,402 Operating lease right-of-use assets430,502 434,938 Goodwill and other intangible assets (net of accumulated amortization of $67,711 at both March 31, 2025 and December 31, 2024)394,103 393,575 Deferred tax assets496,848 479,582 Other assets345,141 347,558 Total Assets$4,232,067 $4,793,993 

See notes to condensed consolidated financial statements