Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 44

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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Item 1.     Financial Statements (Unaudited)

PageCondensed Consolidated Statements of Financial Condition as of June 30, 2025 and December 31, 20242Condensed Consolidated Statements of Operations for the three month and six month periods ended June 30, 2025 and 20244Condensed Consolidated Statements of Comprehensive Income for the three month and six month periods ended June 30, 2025 and 20245Condensed Consolidated Statements of Cash Flows for the six month periods ended June 30, 2025 and 20246Condensed Consolidated Statements of Changes in Stockholders’ Equity and Redeemable Noncontrolling Interests for the three month and six month periods ended June 30, 2025 and 20248Notes to Condensed Consolidated Financial Statements12

1

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

JUNE 30, 2025 AND DECEMBER 31, 2024

(UNAUDITED)

(dollars in thousands, except for per share data)

June 30,2025December 31,2024ASSETSCash and cash equivalents$978,259 $1,308,218 Deposits with banks and short-term investments237,141 268,684 Restricted cash32,908 32,466 Receivables (net of allowance for credit losses of $26,545 and $32,033   at June 30, 2025 and December 31, 2024, respectively):Fees578,535 640,567 Customers and other176,260 113,056 754,795 753,623 Investments (including $41,223 pledged at June 30, 2025)637,473 614,947 Property (net of accumulated amortization and depreciation of $359,461 and $332,840 at June 30, 2025 and December 31, 2024, respectively)176,240 160,402 Operating lease right-of-use assets443,388 434,938 Goodwill and other intangible assets (net of accumulated amortization of $67,711 at both June 30, 2025 and December 31, 2024)395,225 393,575 Deferred tax assets492,254 479,582 Other assets345,703 347,558 Total Assets