Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 201

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 201
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tlementsForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$493 $46 $109 $– $(59)$589 Private equity funds273 – – – (17)256 Total Level 3 assets$766 $46 $109 $– $(76)$845 Liabilities:Contingent consideration   liability (b)$6,583 $212 $– $(2,300)$– $4,495 Total Level 3 liabilities$6,583 $212 $– $(2,300)$– $4,495 

94

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

Year Ended December 31, 2023BeginningBalanceNet Unrealized/RealizedGains/LossesIncluded InEarnings (a)Purchases/Acquisitions/IssuancesSales/Settlements/Transfers (c)ForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$646 $54 $– $(281)$74 $493 Private equity funds18,772 – – (18,508)9 273 Total Level 3 assets$19,418 $54 $– $(18,789)$83 $766 Liabilities:Contingent consideration    liability (b)$– $274 $7,754 $(1,445)$– $6,583 Total Level 3 liabilities$– $274 $7,754 $(1,445)$– $6,583 Year Ended December 31, 2022BeginningBalanceNet Unrealized/RealizedGains/LossesIncluded InEarnings (a)Purchases/IssuancesSales/SettlementsForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$578 $99 $– $– $(31)$646 Private equity funds293 – 18,000 (13)492 18,772 Total Level 3 assets$871 $99 $18,000 $(13)$461 $19,418 _____________________(a)Earnings recorded in “other revenue” for investments in Level 3 assets for the years ended December 31, 2024,