Company: LAZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021162
Chunk: 43

Company: Lazard, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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ASH FLOWS FROM INVESTING ACTIVITIES:Additions to property(13,824)(6,619)Disposals of property– 12 Other investing activities(8,869)– Net cash used in investing activities(22,693)(6,607)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from (payments for) customer deposits, net6,197 90,815 Proceeds from:Issuance of senior debt, net of expenses– 396,000 Contributions from noncontrolling interests100 181 Payments for:Extinguishment of senior debt– (233,073)Distributions to noncontrolling interests(4)(1,189)Purchase of common stock(36,165)(22,005)Common stock dividends(44,950)(43,715)Settlement of share-based incentive compensation in satisfaction of tax withholding requirements(93,780)(55,632)LFI Consolidated Funds redemptions(14,368)(26,217)Other financing activities(8,604)(6,678)Net cash provided by (used in) financing activities(191,574)98,487 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH30,207 (22,225)NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH(401,586)(20,331)CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 11,609,368 1,224,983 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—March 31$1,207,782 $1,204,652 

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:March 31,2025December 31,2024Cash and cash equivalents$908,586 $1,308,218 Deposits with banks and short-term investments264,944 268,684 Restricted cash34,252 32,466 TOTAL CASH AND CASH EQUIVALENTS AND RESTRICTED CASH$1,207,782 $1,609,