Lazard Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	279.91	-75.48	357.52	528.06
Depreciation & Amortization, Total	36.28	42.85	42.34	38.38
Gain (Loss) On Sale of Investments	-	40.91	-	-
Change in Accounts Receivable	-3.58	-100.5	140.75	-81.61
Change in Other Net Operating Assets	19.84	-140.37	-250.04	-217.86
Other Operating Activities	76.15	-41.41	137.12	204.99
Operating Cash Flow	742.83	164.66	833.98	866.08
Capital Expenditures	-45.5	-28.3	-49.51	-39.7
Cash Acquisitions	-	-10.52	-	-
Investment in Securities	-15.84	-	-	-
Other Investing Activities	-0.99	-	-7.5	-
Investing Cash Flow	134.07	-38.32	-56.44	-39.06
Long-Term Debt Issued	395.96	-	-	-
Long-Term Debt Repaid	-399.15	-	-	-
Net Debt Issued (Repaid)	-3.19	-	-	-
Repurchase of Common Stock	-59.5	-102.05	-691.71	-406.15
Common Dividends Paid	-179.02	-173.08	-181.88	-195.94
Other Financing Activities	-197.96	-1,296	-508.45	797.93
Financing Cash Flow	-439.67	-1,571	-1,382	195.84
Foreign Exchange Rate Adjustments	-52.85	30.44	-186.13	-161.67
Net Cash Flow	384.39	-1,414	-790.61	861.19
Free Cash Flow	697.33	136.37	784.47	826.38
Free Cash Flow Growth	411.37%	-82.62%	-5.07%	61.52%
Free Cash Flow Margin	22.87%	5.41%	28.29%	25.87%
Free Cash Flow Per Share	6.81	1.53	7.77	7.27
Cash Interest Paid	84.42	73.68	77.44	77.99
Cash Income Tax Paid	33.97	44.23	144.31	74.1

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