Company: LAZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021162
Chunk: 40

Company: Lazard, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

MARCH 31, 2025 AND DECEMBER 31, 2024

(UNAUDITED)

(dollars in thousands, except for per share data)

March 31,2025December 31,2024LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND    STOCKHOLDERS’ EQUITYLiabilities:Deposits and other customer payables$335,380 $308,213 Accrued compensation and benefits248,194 844,953 Operating lease liabilities503,875 505,483 Tax receivable agreement obligation75,826 75,899 Senior debt1,687,841 1,687,052 Deferred tax liabilities1,077 1,084 Other liabilities647,510 606,526 Total Liabilities3,499,703 4,029,210 Commitments and contingenciesRedeemable noncontrolling interests83,811 79,629 STOCKHOLDERS’ EQUITYPreferred stock, par value $0.01 per share; 15,000,000 shares authorized; no shares    issued and outstanding at March 31, 2025 and December 31, 2024– – Common stock:Par value $0.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at March 31, 2025 and December 31, 2024, including shares held by subsidiaries)1,128 1,128 Additional paid-in-capital131,697 327,810 Retained earnings1,477,662 1,472,113 Accumulated other comprehensive loss, net of tax(306,766)(326,742)1,303,721 1,474,309 Common stock held by subsidiaries, at cost (18,618,701 and 22,467,315    shares at March 31, 2025 and December 31, 2024, respectively)(700,693)(838,069)Total Lazard Stockholders’ Equity603,028 636,240 Noncontrolling interests45,525 48,914 Total Stockholders’ Equity648,553 685,154 Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’