Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 45

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 45
---
$4,493,386 $4,793,993 

See notes to condensed consolidated financial statements.2

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 31,2024LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND    STOCKHOLDERS’ EQUITYLiabilities:Deposits and other customer payables$400,328 $308,213 Accrued compensation and benefits391,048 844,953 Operating lease liabilities518,172 505,483 Tax receivable agreement obligation75,826 75,899 Senior debt1,688,631 1,687,052 Deferred tax liabilities644 1,084 Other liabilities548,675 606,526 Total Liabilities3,623,324 4,029,210 Commitments and contingenciesRedeemable noncontrolling interests83,578 79,629 STOCKHOLDERS’ EQUITYPreferred stock, par value $0.01 per share; 15,000,000 shares authorized; no shares    issued and outstanding at June 30, 2025 and December 31, 2024– – Common stock:Par value $0.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at June 30, 2025 and December 31, 2024, including shares held by subsidiaries)1,128 1,128 Additional paid-in-capital225,058 327,810 Retained earnings1,477,618 1,472,113 Accumulated other comprehensive loss, net of tax(268,903)(326,742)1,434,901 1,474,309 Common stock held by subsidiaries, at cost (18,408,649 and 22,467,315    shares at June 30, 2025 and December 31, 2024, respectively)(693,298)(838,069)Total Lazard Stockholders’ Equity741,603 636,240 Noncontrolling interests44,881 48,914 Total Stockholders’ Equity786,484