Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 48

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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37,905 (2,298)57,905 (16,343)COMPREHENSIVE INCOME99,222 49,755 181,211 75,934 LESS - COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS6,013 2,144 7,651 6,613 COMPREHENSIVE INCOME ATTRIBUTABLE TO LAZARD$93,209 $47,611 $173,560 $69,321 

See notes to condensed consolidated financial statements.5

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

FOR THE SIX MONTH PERIODS ENDED JUNE 30, 2025 AND 2024

(UNAUDITED) 

(dollars in thousands)Six Months EndedJune 30,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income $123,306 $92,277 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Amortization of deferred expenses and share-based incentive compensation237,536 258,336 Noncash lease expense33,512 32,824 Depreciation and amortization of property17,070 18,319 Deferred tax benefit(17,834)(14,675)Other adjustments(5,182)– (Increase) decrease in operating assets and increase (decrease) in operating liabilities:Receivables-net53,156 31,521 Investments(26,292)90,016 Other assets2,241 (100,124)Accrued compensation and benefits and other liabilities(585,359)(322,239)Net cash provided by (used in) in operating activities(167,846)86,255 CASH FLOWS FROM INVESTING ACTIVITIES:Additions to property(25,510)(13,061)Disposals of property– 1,928 Purchase of investments– (98,350)Other investing activities(23,504)– Net cash used in investing activities(49,014)(109,483)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from (payments for) customer deposits, net35,282 10,840 Proceeds from:Issuance of senior debt, net of expenses– 396,010 Contributions