Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 1

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 1
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Item 8.    Financial Statements and Supplementary Data

Index to Consolidated Financial StatementsPageManagement’s Report on Internal Control Over Financial Reporting69Reports of Independent Registered Public Accounting Firm70Consolidated Statements of Financial Condition as of December 31, 2024 and 202373Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 202275Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2024, 2023 and 202276Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 202277Consolidated Statements of Changes in Stockholders’ Equity and Redeemable Noncontrolling Interests for the years ended December 31, 2024, 2023 and 202279Notes to Consolidated Financial Statements82Supplemental Financial Information128Financial Statement SchedulesSchedule I—Condensed Financial Information of Registrant (Parent Company Only)Condensed Statements of Financial Condition as of December 31, 2024 and 2023F-2Condensed Statements of Operations for the years ended December 31, 2024, 2023 and 2022F-3Condensed Statements of Comprehensive Income (Loss) for the years ended December 31, 2024, 2023 and 2022F-4Condensed Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022F-5Notes to Condensed Financial StatementsF-6

68

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Management of Lazard, Inc. and its subsidiaries (the “Company”) is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed under the supervision of the Company’s principal executive and principal financial officers to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s consolidated financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

Our internal control over financial reporting includes those policies and procedures that:

•pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

•provide reasonable assurance that transactions are recorded as necessary to permit preparation of consolidated financial statements in accordance with U.S. generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with