For the quarter ending 2026-03-31, LAZ had -$436,108K decrease in cash & cash equivalents over the period. -$221,452K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 100,563 | 54,214 | 73,500 | 123,306 |
| Amortization of deferred expenses and share-based incentive compensation | 128,076 | 100,770 | 121,515 | 237,536 |
| Noncash lease expense | 13,781 | 23,412 | 16,075 | 33,512 |
| Depreciation and amortization of property | 7,817 | 8,640 | 8,479 | 17,070 |
| Currency translation adjustment reclassification | - | 0 | - | - |
| Deferred tax benefit | -15,496 | 23,938 | 15,471 | -17,834 |
| Benefit pursuant to tax receivable agreement | - | - | 20,146 | - |
| Benefit pursuant to tax receivable agreement obligation | - | -18,775 | - | - |
| Gain on sale of owned office building | - | 0 | 0 | - |
| Impairment of equity method investments and other receivables | - | 0 | - | - |
| Impairment of assets associated with cost-saving initiatives | - | 0 | - | - |
| Loss on lgac liquidation | - | 0 | - | - |
| Gain on sale and deconsolidation of business | 77,990 | - | - | - |
| Other adjustments | 394 | -68 | -3,384 | -5,182 |
| Receivables-net | -109,942 | 107,834 | 7,574 | -53,156 |
| Investments | -77,137 | 3,720 | -12,159 | 26,292 |
| Other assets | 806 | -3,135 | 10,099 | -2,241 |
| Accrued compensation and benefits and other liabilities | -562,685 | 295,840 | 81,477 | -585,359 |
| Net cash used in operating activities | -219,267 | 399,698 | 287,473 | -167,846 |
| Disposals of property | - | - | - | 0 |
| Additions to property | 2,185 | 3,580 | 2,856 | 25,510 |
| Proceeds from sale of property | - | 0 | 0 | - |
| Purchase of equity method investment | - | 0 | 0 | - |
| Purchase of debt securities | - | 0 | 0 | 0 |
| Proceeds from sales and maturities of debt securities | - | 0 | 0 | - |
| Other disposals of property | - | 0 | 0 | - |
| Sale and deconsolidation of business, net of cash proceeds | 46,226 | - | - | - |
| Acquisition of business, net of cash acquired | - | 0 | - | - |
| Proceeds from (payments for) customer loans, net | 914 | - | - | - |
| Other investing activities | 9 | 14,453 | 12,080 | 23,504 |
| Net cash used in investing activities | -47,506 | -18,033 | -14,936 | -49,014 |
| Proceeds from (payments for) customer deposits, net | 46,600 | -32,910 | -22,805 | 35,282 |
| Extinguishment of senior debt | - | 0 | 298,354 | 0 |
| Issuance of senior debt | - | 0 | 300,000 | 0 |
| Contributions from noncontrolling interests | 151 | 2,239 | 105 | 1,361 |
| Distributions to noncontrolling interests | 15 | 545 | 1,937 | 112 |
| Tax receivable agreement obligation | 10,219 | 0 | 0 | 0 |
| Distribution to redeemable noncontrolling interests in connection with lgac redemption | - | 0 | - | - |
| Purchase of common stock | 1,694 | 49,999 | 1,084 | 39,928 |
| Common stock dividends | 46,954 | 47,376 | 47,179 | 92,024 |
| Settlement of share-based incentive compensation in satisfaction of tax withholding requirements | 125,458 | 370 | 11,769 | 103,014 |
| Lfi consolidated funds redemptions | 11,901 | 2,967 | 8,575 | 21,657 |
| Other financing activities | 3,897 | 2,750 | 5,813 | 11,456 |
| Net cash used in financing activities | -153,387 | -134,678 | -97,411 | -231,548 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | -15,948 | 541 | -391 | 87,348 |
| Net decrease in cash and cash equivalents and restricted cash | -436,108 | 247,528 | 174,735 | -361,060 |
| Cash and cash equivalents and restricted cash january 1 | 1,670,571 | 186,325 | 1,609,368 | - |
| Cash and cash equivalents and restricted cashmarch 31 | 1,234,463 | 247,528 | 1,423,043 | - |
Lazard, Inc. (LAZ)
Lazard, Inc. (LAZ)