Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 172

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 172
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 in the appropriate period.

•On a sample basis, we performed the above procedures on investment banking and other advisory fees recognized in the subsequent year to determine if such revenue should have been recorded in the current year.

/s/ Deloitte & Touche LLP

New York, New York

February 24, 2025

We have served as the Company’s auditor since 2000.

72

LAZARD, INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

DECEMBER 31, 2024 AND 2023

(dollars in thousands, except for per share data)

December 31,20242023ASSETS  Cash and cash equivalents$1,308,218 $971,316 Deposits with banks and short-term investments268,684 219,576 Restricted cash32,466 34,091 Receivables (net of allowance for credit losses of $32,033 and $28,503 at December 31, 2024 and 2023, respectively):  Fees640,567 560,552 Customers and other113,056 201,767 753,623 762,319 Investments614,947 701,964 Property (net of accumulated amortization and depreciation of $332,840 and $414,547 at December 31, 2024 and 2023, respectively, including $72,921 of property held for sale at December 31, 2023)160,402 232,516 Operating lease right-of-use assets434,938 407,213 Goodwill and other intangible assets (net of accumulated amortization of $67,711 and $67,681 at December 31, 2024 and 2023, respectively)393,575 394,928 Deferred tax assets479,582 497,340 Other assets347,558 414,518 Total Assets$4,793,993 $4,635,781 

See notes to consolidated financial statements.73

LAZARD, INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

DECEMBER 31, 2024 AND 2023

(dollars in thousands, except for per share data)

December 31,20242023LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITYLiabilities:Deposits and other customer payables$308,213