Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 242

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 242
---
 officers.(h)Represents the effect of the periodic revaluation of the TRA liability. Geographic InformationDue to the highly integrated nature of international financial markets, the Company manages its business based on the profitability of the enterprise as a whole, not by geographic region. The Company’s revenue and total assets are generally allocated based on the country or domicile of the legal entity providing the service.The following table sets forth the net revenue from, and total assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above. In the table below, Americas principally includes the U.S., EMEA principally includes the U.K. and France, and Asia Pacific principally includes Australia.Year Ended December 31,202420232022Net Revenue - U.S. GAAP basis:Americas$1,536,298 $1,193,056 $1,487,056 EMEA1,360,784 1,162,052 1,136,636 Asia Pacific154,755 160,381 149,879 Total$3,051,837 $2,515,489 $2,773,571 Operating Income (Loss) - U.S. GAAP basis:   Americas$101,675 $(224,857)$235,640 EMEA256,938 108,058 248,404 Asia Pacific27,859 36,842 32,804 Total$386,472 $(79,957)$516,848 December 31,20242023Total Assets:Americas$2,908,489 $2,808,962 EMEA1,757,275 1,679,644 Asia Pacific128,229 147,175 Total$4,793,993 $4,635,781 

24.    CONSOLIDATED VIEs

LFI Consolidated Funds The Company’s consolidated VIEs as of December 31, 2024 and 2023 include certain funds (“LFI Consolidated Funds”) that were established for the benefit of employees participating in the Company’s existing LFI deferred compensation arrangement. Lazard invests in these funds and is the investment manager and is therefore deemed to have both the power to direct the most significant activities of the funds and the right to receive benefits (or the obligation to absorb losses) that could potentially be significant to these funds. The assets of LFI Consolidated Funds, except as it relates to $68,452