For the year ending 2025-12-31, LAZ had $61,203K increase in cash & cash equivalents over the period. $487,379K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 251,020 |
| Amortization of deferred expenses and share-based incentive compensation | 459,821 |
| Noncash lease expense | 72,999 |
| Depreciation and amortization of property | 34,189 |
| Currency translation adjustment reclassification | 0 |
| Deferred tax provision (benefit) | 21,575 |
| Benefit pursuant to tax receivable agreement obligation | -18,775 |
| Gain on sale of owned office building | 0 |
| Impairment of equity method investments and other receivables | 0 |
| Impairment of assets associated with cost-saving initiatives | 0 |
| Loss on lgac liquidation | 0 |
| Other adjustments | -8,634 |
| Receivables-net | 62,252 |
| Investments | 17,853 |
| Other assets | 4,723 |
| Accrued compensation and benefits and other liabilities | -208,042 |
| Net cash provided by operating activities | 519,325 |
| Additions to property | 31,946 |
| Proceeds from sale of property | 0 |
| Purchase of equity method investment | 0 |
| Purchase of debt securities | 0 |
| Proceeds from sales and maturities of debt securities | 0 |
| Other disposals of property | 0 |
| Acquisition of business, net of cash acquired | 0 |
| Other investing activities | 50,037 |
| Net cash provided by (used in) investing activities | -81,983 |
| Proceeds from (payments for) customer deposits, net | -20,433 |
| Issuance of senior debt | 300,000 |
| Contributions from noncontrolling interests | 3,705 |
| Extinguishment of senior debt | 298,354 |
| Distributions to noncontrolling interests | 2,594 |
| Tax receivable agreement obligation | 0 |
| Distribution to redeemable noncontrolling interests in connection with lgac redemption | 0 |
| Purchase of common stock | 91,011 |
| Common stock dividends | 186,579 |
| Settlement of share-based incentive compensation in satisfaction of tax withholding requirements | 115,153 |
| Lfi consolidated funds redemptions | 33,199 |
| Other financing activities | 20,019 |
| Net cash used in financing activities | -463,637 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 87,498 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 61,203 |
| Cash and cash equivalents and restricted cash january 1 | 1,609,368 |
| Cash and cash equivalents and restricted cash december 31 | 1,670,571 |
Lazard, Inc. (LAZ)
Lazard, Inc. (LAZ)