Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 7

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 7
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 $443,262 Accrued compensation and benefits844,953 781,375 Operating lease liabilities505,483 485,191 Tax receivable agreement obligation75,899 115,087 Senior debt1,687,052 1,690,200 Deferred tax liabilities1,084 3,857 Other liabilities606,526 546,947 Total Liabilities4,029,210 4,065,919 Commitments and contingenciesRedeemable noncontrolling interests79,629 87,675 STOCKHOLDERS’ EQUITY  Preferred stock, par value $.01 per share; 15,000,000 shares authorized; no shares      issued and outstanding at December 31, 2024 and 2023– – Common stock:  Par value $.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at December 31, 2024 and 2023, including shares held by subsidiaries)1,128 1,128 Additional paid-in-capital327,810 247,204 Retained earnings1,472,113 1,402,636 Accumulated other comprehensive loss, net of tax(326,742)(289,950)1,474,309 1,361,018 Common stock held by subsidiaries, at cost (22,467,315 and 25,340,287 shares at December 31, 2024 and 2023, respectively)(838,069)(937,259)Total Lazard Stockholders’ Equity636,240 423,759 Noncontrolling interests48,914 58,428 Total Stockholders’ Equity685,154 482,187 Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity$4,793,993 $4,635,781 

See notes to consolidated financial statements.74

LAZARD, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

(dollars in thousands, except for per share data)

Year Ended December 31,202420232022REVENUEInvestment banking and other advisory fees$1,747,198 $1,383,799 $1,659,079 Asset management fees1,115,014 1,077,