Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 49

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 from noncontrolling interests1,361 232 Payments for:Extinguishment of senior debt– (233,073)Distributions to noncontrolling interests(112)(2,005)Tax receivable agreement– (30,950)Purchase of common stock(39,928)(40,816)Common stock dividends(92,024)(88,731)Settlement of share-based incentive compensation in satisfaction of tax withholding requirements(103,014)(61,593)LFI Consolidated Funds redemptions(21,657)(35,141)Other financing activities(11,456)(8,898)Net cash used in financing activities(231,548)(94,125)EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH87,348 (23,177)NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH(361,060)(140,530)CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 11,609,368 1,224,983 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—June 30$1,248,308 $1,084,453 

See notes to condensed consolidated financial statements.6

RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH WITHIN    THE CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION:June 30,2025December 31,2024Cash and cash equivalents$978,259 $1,308,218 Deposits with banks and short-term investments237,141 268,684 Restricted cash32,908 32,466 TOTAL CASH AND CASH EQUIVALENTS AND RESTRICTED CASH$1,248,308 $1,609,368 

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 JUNE 30, 2025

(UNAUDITED)

(dollars in thousands)

Common StockAdditional Paid-In-CapitalRetained EarningsAccumulatedOtherComprehensiveIncome (Loss),Net