Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 163

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 15
Chunk 163
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, 2023 and 2022F-5Notes to Condensed Financial StatementsF-6

Schedules not listed above have been omitted because the information required to be set forth therein is not applicable or is shown in the consolidated financial statements or notes thereto.

F-1

LAZARD, INC.(parent company only)CONDENSED STATEMENTS OF FINANCIAL CONDITIONDECEMBER 31, 2024 AND 2023(dollars in thousands, except per share data)December 31, 20242023ASSETSCash and cash equivalents$1,049 $1,901 Investments in subsidiaries, equity method634,732 (1,402,500)Due from subsidiaries225 1,824,782 Deferred tax assets1,192 – Other assets1,052 – Total Assets$638,250 $424,183 LIABILITIES AND STOCKHOLDERS’ EQUITY  Liabilities:  Due to subsidiaries$1,831 $– Other liabilities179 424 Total Liabilities2,010 424 Commitments and contingenciesSTOCKHOLDERS’ EQUITYPreferred 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 Stockholders’ Equity636,240 423,759 Total Liabilities and Stockholders’ Equity$638,250 $424,183 

See notes to condensed financial statements.F-2

LAZARD, INC.(parent company only)CONDENSED STATEMENTS OF OPERATIONSFOR THE YEARS ENDED DECEMBER 31