Company: LAZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021162
Chunk: 44

Company: Lazard, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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368 

See notes to condensed consolidated financial statements.7

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS

FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2025

(UNAUDITED)

(dollars in thousands)

Common StockAdditional Paid-In-CapitalRetained EarningsAccumulatedOtherComprehensiveIncome (Loss),Net of TaxCommon StockHeld By SubsidiariesTotalLazardStockholders’ EquityNoncontrolling InterestsTotal Stockholders’ EquityRedeemable Noncontrolling InterestsShares$Shares$Balance - January 1, 2025112,766,091$1,128 $327,810 $1,472,113 $(326,742)22,467,315$(838,069)$636,240 $48,914 $685,154 $79,629 Comprehensive income (loss):Net income (loss)60,375 60,3752,806 63,181 (1,192)Other comprehensive income - net of tax19,976 19,97624 20,000 Amortization of share-based incentive compensation74,950 74,9502,218 77,168 Dividend equivalents9,421 (9,876)(455)(7,011)(7,466)Common stock dividends ($0.50 per share)(44,950)(44,950)(44,950)Purchase of common stock773,955(36,165)(36,165)(36,165)Delivery of common stock in connection with share-based incentive compensation and related tax expense of $10,655(278,381)(4,664,538)175,468 (102,913)(1,522)(104,435)Business acquisitions and related equity transactions:– Common stock issuable1,235 1,2351,235 Contributions from noncontrolling    interests, net96 96 LFI Consolidated Funds– 5,374 Other(3,338)41,969 (1,927)(5,265)(5,265)Balance - March 31, 2025112,766,091$1,128 $131,697 $1,477,662 $(306,766)18,618,701