For the quarter ending 2025-09-30, LAZ had $174,735K increase in cash & cash equivalents over the period. $284,617K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 73,500 | 123,306 |
| Amortization of deferred expenses and share-based incentive compensation | 121,515 | 237,536 |
| Noncash lease expense | 16,075 | 33,512 |
| Depreciation and amortization of property | 8,479 | 17,070 |
| Deferred tax benefit | 15,471 | -17,834 |
| Benefit pursuant to tax receivable agreement | 20,146 | - |
| Gain on sale of owned office building | 0 | - |
| Other adjustments | -3,384 | -5,182 |
| Receivables-net | 7,574 | -53,156 |
| Investments | -12,159 | 26,292 |
| Other assets | 10,099 | -2,241 |
| Accrued compensation and benefits and other liabilities | 81,477 | -585,359 |
| Net cash provided by operating activities | 287,473 | -167,846 |
| Disposals of property | - | 0 |
| Additions to property | 2,856 | 25,510 |
| Proceeds from sale of property | 0 | - |
| Purchase of equity method investment | 0 | - |
| Purchase of investments | 0 | 0 |
| Proceeds from sales and maturities of debt securities | 0 | - |
| Other disposals of property | 0 | - |
| Other investing activities | 12,080 | 23,504 |
| Net cash provided by (used in) investing activities | -14,936 | -49,014 |
| Proceeds from (payments for) customer deposits, net | -22,805 | 35,282 |
| Issuance of senior debt | 300,000 | 0 |
| Contributions from noncontrolling interests | 105 | 1,361 |
| Extinguishment of senior debt | 298,354 | 0 |
| Distributions to noncontrolling interests | 1,937 | 112 |
| Tax receivable agreement | 0 | 0 |
| Purchase of common stock | 1,084 | 39,928 |
| Common stock dividends | 47,179 | 92,024 |
| Settlement of share-based incentive compensation in satisfaction of tax withholding requirements | 11,769 | 103,014 |
| Lfi consolidated funds redemptions | 8,575 | 21,657 |
| Other financing activities | 5,813 | 11,456 |
| Net cash used in financing activities | -97,411 | -231,548 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | -391 | 87,348 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 174,735 | -361,060 |
| Cash and cash equivalents at beginning of period | 1,609,368 | - |
| Cash and cash equivalents at end of period | 1,423,043 | - |
Lazard, Inc. (LAZ)
Lazard, Inc. (LAZ)