Lazard Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,469	1,308	971.32	1,235	1,465
Trading Asset Securities	-	-	-	14.55	0.92
Accounts Receivable	897.79	753.62	762.32	652.76	805.81
Other Receivables	-	46.69	69.7	73.67	49.28
Property, Plant & Equipment	580.59	595.34	639.73	681.68	716.06
Goodwill	-	393.58	394.9	377.24	379.42
Other Intangible Assets	395.26	-	0.03	0.09	0.15
Investments in Debt & Equity Securities	625.85	224.05	214.96	250.2	533.27
Restricted Cash	34.02	32.47	34.09	625.38	617.45
Other Current Assets	167.13	475.92	453	997.09	1,586
Long-Term Deferred Tax Assets	459.09	479.58	497.34	407.66	435.31
Other Long-Term Assets	311.59	484.53	598.4	537.47	558.79
Total Assets	4,941	4,794	4,636	5,853	7,147
Accrued Expenses	794.75	788.22	611.53	605.92	810.86
Short-Term Debt	-	274.28	368.67	327.16	372.25
Current Portion of Leases	-	77.46	-	-	-
Other Current Liabilities	-	4.53	4.81	4.65	6.83
Long-Term Debt	1,688	1,687	1,690	1,688	1,685
Long-Term Leases	485.15	428.03	485.19	513.69	552.52
Long-Term Unearned Revenue	-	136.54	140.42	137.33	130.66
Long-Term Deferred Tax Liabilities	-	1.08	3.86	3.92	1.83
Other Long-Term Liabilities	983.62	420.12	599.36	1,165	1,711
Total Liabilities	3,952	4,029	4,066	4,594	5,494
Common Stock	1.12	1.13	1.13	1.13	1.13
Additional Paid-In Capital	340.35	327.81	247.2	167.89	144.73
Retained Earnings	1,488	1,472	1,403	1,677	1,561
Comprehensive Income & Other	-271.51	-326.74	-289.95	-295.85	-223.85
Total Common Equity	873.66	636.24	423.76	556.46	975.22
Minority Interest	115.48	128.54	146.1	702.41	677.74
Shareholders' Equity	989.13	764.78	569.86	1,259	1,653
Total Liabilities & Equity	4,941	4,794	4,636	5,853	7,147
Total Debt	2,173	2,467	2,544	2,529	2,610
Net Cash (Debt)	-703.82	-1,159	-1,573	-1,279	-1,144
Net Cash Per Share	-6.62	-11.32	-17.67	-12.67	-10.06
Filing Date Shares Outstanding	99.01	89.9	87.43	85.04	99.28
Total Common Shares Outstanding	99.01	90.3	87.43	85.95	100.72
Working Capital	1,774	1,310	1,167	2,543	3,164
Book Value Per Share	8.82	7.05	4.85	6.47	9.68
Tangible Book Value	478.39	242.67	28.83	179.13	595.65
Tangible Book Value Per Share	4.83	2.69	0.33	2.08	5.91

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.