Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 210

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 210
---
OLIDATED FINANCIAL STATEMENTS—(Continued)(dollars in thousands, except for per share data, unless otherwise noted)

The following table sets forth the Company’s other liabilities, by type, as of December 31, 2024 and 2023:December 31,20242023Accrued expenses$214,118 $195,572 Current income and other taxes payable162,019 138,056 Employee benefit-related liabilities49,883 23,829 Unclaimed funds at LFB15,435 16,994 Deferred revenue (a)136,536 140,417 Securities sold, not yet purchased4,529 4,809 Other24,006 27,270 Total$606,526 $546,947 _____________________

(a)Deferred revenue primarily relates to cash received for carried interest subject to clawback and unearned advisory fees received from private equity investments. 

13.    SENIOR DEBT

Senior debt is comprised of the following as of December 31, 2024 and 2023:Outstanding as ofDecember 31, 2024December 31, 2023InitialPrincipalAmountMaturityDateAnnual InterestRateEffective Interest   RatePrincipalUnamortizedDebt CostsCarryingValuePrincipalUnamortizedDebt CostsCarryingValueLazard Group  2025 Senior  Notes (a)$400,000 2/13/253.75 %– %$– $– $– $400,000 $531 $399,469 Lazard Group  2027 Senior  Notes300,000 3/1/273.625 %3.81 %300,000 1,213 298,787 300,000 1,235 298,765 Lazard Group  2028 Senior  Notes500,000 9/19/284.50 %4.70 %500,000 3,783 496,217 500,000 4,012 495,988 Lazard Group  2029 Senior  Notes500,000 3/11/294.375 %4.56 %500,000 3,875 496,125 500,000 4,022 495,978 Lazard Group   2031 Senior Notes (a)400,000 3/15/316.00 %