Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 203

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part II, Item 8
Chunk 203
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4Forward foreign currency exchange rate contracts$(9,610)$1,894 $(15,009)$3,225 LFI and other similar deferred compensation arrangements(10,509)1,201 (15,752)(8,172)Total return swaps and other(34,641)421 (30,987)(5,943)Total$(54,760)$3,516 $(61,748)$(10,890)

8.    PROPERTY, NET

At June 30, 2025 and December 31, 2024, property consisted of the following:EstimatedDepreciableLife in YearsJune 30,2025December 31,2024Buildings 33$12,923 $11,455 Leasehold improvements 3-20263,882 214,744 Furniture and equipment3-10184,251 165,727 Computer software3-569,916 67,523 Construction in progress 4,729 33,793 Total 535,701 493,242 Less - Accumulated depreciation and amortization  359,461 332,840 Property, net $176,240 $160,402 

9.    GOODWILL

Changes in the carrying amount of goodwill for the six month periods ended June 30, 2025 and 2024 are as follows: Six Months Ended June 30,20252024Financial AdvisoryAsset ManagementTotalFinancial AdvisoryAsset ManagementTotalBalance, January 1$312,305 $81,270 $393,575 $313,628 $81,270 $394,898 Foreign currency translation adjustments1,650 – 1,650 (931)– (931)Balance, June 30$313,955 $81,270 $395,225 $312,697 $81,270 $393,967 

25

LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

10.    SENIOR DEBT

Senior debt is comprised of the following as of June 30, 2025 and December 31, 2024: Outstanding as ofJune 30, 2025December 31, 2024InitialPrincipalAmountMaturityDateAnnual InterestRateEffective Interest Rate