v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Lazard Stockholders’ Equity
Common Stock
Additional Paid-In- Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss), Net of Tax
Common Stock Held By Subsidiaries
Noncontrolling Interests
Redeemable Noncontrolling Interests
Balance at the beginning (in shares) at Dec. 31, 2023     112,766,091       25,340,287    
Balance at the beginning at Dec. 31, 2023 $ 482,187 $ 423,759 $ 1,128 $ 247,204 $ 1,402,636 $ (289,950) $ (937,259) $ 58,428  
Comprehensive income (loss):                  
Net income (loss) 89,199 85,664     85,664     3,535  
Other comprehensive income (loss) - net of tax (16,343) (16,343)       (16,343)      
Amortization of share-based incentive compensation 159,545 158,211   158,211       1,334  
Dividend equivalents (7,833) (603)   16,263 (16,866)     (7,230)  
Common stock dividends $ (88,731) (88,731)     (88,731)        
Purchase of common stock (in shares) 1,055,913           1,055,913    
Purchase of common stock $ (40,816) (40,816)         $ (40,816)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (3,799,789)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (62,474) (63,715)   (204,458)     $ 140,743 1,241  
Business acquisitions and related equity transactions: Common stock issuable 1,235 1,235   1,235          
Distributions to noncontrolling interests, net (1,773)             (1,773)  
Other (in shares)             144    
Other (6) (6)         $ (6) 0  
Balance at the end (in shares) at Jun. 30, 2024     112,766,091       22,596,555    
Balance at the end at Jun. 30, 2024 514,190 458,655 $ 1,128 218,455 1,382,703 (306,293) $ (837,338) 55,535  
Balance at the beginning at Dec. 31, 2023                 $ 87,675
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 3,078
LFI Consolidated Funds                 (9,822)
Balance at the end at Jun. 30, 2024                 80,931
Balance at the beginning (in shares) at Mar. 31, 2024     112,766,091       22,248,005    
Balance at the beginning at Mar. 31, 2024 448,531 392,714 $ 1,128 134,573 1,384,829 (303,995) $ (823,821) 55,817  
Comprehensive income (loss):                  
Net income (loss) 51,592 49,909     49,909     1,683  
Other comprehensive income (loss) - net of tax (2,298) (2,298)       (2,298)      
Amortization of share-based incentive compensation 89,347 88,438   88,438       909  
Dividend equivalents (2,306) (197)   6,822 (7,019)     (2,109)  
Common stock dividends (45,016) (45,016)     (45,016)        
Purchase of common stock (in shares)             491,221    
Purchase of common stock (18,811) (18,811)         $ (18,811)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (142,815)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (6,078) (6,078)   (11,378)     $ 5,300    
Distributions to noncontrolling interests, net (765)             (765)  
Other (in shares)             144    
Other (6) (6)         $ (6)    
Balance at the end (in shares) at Jun. 30, 2024     112,766,091       22,596,555    
Balance at the end at Jun. 30, 2024 514,190 458,655 $ 1,128 218,455 1,382,703 (306,293) $ (837,338) 55,535  
Balance at the beginning at Mar. 31, 2024                 88,475
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 461
LFI Consolidated Funds                 (8,005)
Balance at the end at Jun. 30, 2024                 80,931
Balance at the beginning (in shares) at Dec. 31, 2024     112,766,091       22,467,315    
Balance at the beginning at Dec. 31, 2024 685,154 636,240 $ 1,128 327,810 1,472,113 (326,742) $ (838,069) 48,914  
Comprehensive income (loss):                  
Net income (loss) 118,113 115,721     115,721     2,392  
Other comprehensive income (loss) - net of tax 57,905 57,839       57,839   66  
Amortization of share-based incentive compensation 184,125 180,615   180,615       3,510  
Dividend equivalents (10,318) (590)   17,602 (18,192)     (9,728)  
Common stock dividends $ (92,024) (92,024)     (92,024)        
Purchase of common stock (in shares) 859,849           859,849    
Purchase of common stock $ (39,928) (39,928)         $ (39,928)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,960,484)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (113,761) (112,239)   (298,865)     $ 186,626 (1,522)  
Business acquisitions and related equity transactions: Common stock issuable 1,235 1,235   1,235          
Contributions from noncontrolling interests, net 1,249             1,249  
Other (in shares)             41,969    
Other (5,266) (5,266)   (3,339)     $ (1,927)    
Balance at the end (in shares) at Jun. 30, 2025     112,766,091       18,408,649    
Balance at the end at Jun. 30, 2025 786,484 741,603 $ 1,128 225,058 1,477,618 (268,903) $ (693,298) 44,881  
Balance at the beginning at Dec. 31, 2024                 79,629
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 5,193
LFI Consolidated Funds                 (1,244)
Balance at the end at Jun. 30, 2025                 83,578
Balance at the beginning (in shares) at Mar. 31, 2025     112,766,091       18,618,701    
Balance at the beginning at Mar. 31, 2025 648,553 603,028 $ 1,128 131,697 1,477,662 (306,766) $ (700,693) 45,525  
Comprehensive income (loss):                  
Net income (loss) 54,932 55,346     55,346     (414)  
Other comprehensive income (loss) - net of tax 37,905 37,863       37,863   42  
Amortization of share-based incentive compensation 106,957 105,665   105,665       1,292  
Dividend equivalents (2,852) (135)   8,181 (8,316)     (2,717)  
Common stock dividends (47,074) (47,074)     (47,074)        
Purchase of common stock (in shares)             85,894    
Purchase of common stock (3,763) (3,763)         $ (3,763)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (295,946)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (9,326) (9,326)   (20,484)     $ 11,158    
Contributions from noncontrolling interests, net 1,153             1,153  
Other (1) (1)   (1)          
Balance at the end (in shares) at Jun. 30, 2025     112,766,091       18,408,649    
Balance at the end at Jun. 30, 2025 $ 786,484 $ 741,603 $ 1,128 $ 225,058 $ 1,477,618 $ (268,903) $ (693,298) $ 44,881  
Balance at the beginning at Mar. 31, 2025                 83,811
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 6,385
LFI Consolidated Funds                 (6,618)
Balance at the end at Jun. 30, 2025                 $ 83,578