Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 164

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 15
Chunk 164
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, 2024, 2023 AND 2022(dollars in thousands)Year Ended December 31,202420232022REVENUEEquity in earnings (losses) of subsidiaries$244,705 $(181,720)$238,987 Interest and other income35,334 112,418 120,733 Total revenue (loss)280,039 (69,302)359,720 OPERATING EXPENSES   Professional services2,289 5,974 2,083 Other81 203 120 Total operating expenses2,370 6,177 2,203 OPERATING INCOME ( LOSS)277,669 (75,479)357,517 Benefit for income taxes(2,243)– – NET INCOME (LOSS)$279,912 $(75,479)$357,517 

See notes to condensed financial statements.F-3

LAZARD, INC.(parent company only)CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022(dollars in thousands)Year Ended December 31,202420232022NET INCOME (LOSS)$279,912 $(75,479)$357,517 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:   Currency translation adjustments:   Currency translation adjustments before reclassification(36,862)31,106 (64,778)Adjustment for items reclassified to earnings– 1,826 32 Employee benefit plans:   Actuarial gain (loss) (net of tax expense (benefit) of $1,069, $(7,606) and $(5,978) for the years ended December 31, 2024, 2023 and 2022, respectively)1,716 (24,510)(11,413)Prior service cost (net of tax benefit of $2,747 and $2,567 for the years ended December 31, 2024 and 2023, respectively)(8,225)(7,751)– Adjustments for items reclassified to earnings (net of tax expense of $1,926, $1,521 and $994 for the years ended December 31, 2024, 2023 and 2022,  respectively)6,579 5