Lazard, Inc. (LAZ)

Lazard Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	46.26	42.02	29.46	5.55	5.67	15.79
Total Interest Expense	85.66	77.67	81.52	80.77	80.63	80.19
Net Interest Income	-39.4	-35.65	-52.07	-75.22	-74.97	-64.4
Asset Management Fee	1,102	1,078	1,126	1,355	1,117	1,181
Underwriting & Investment Banking Fee	1,719	1,384	1,659	1,786	1,418	1,371
Gain on Sale of Investments (Rev)	63.47	36.29	-92.69	14.31	49.6	35.83
Other Revenue	201.82	58.87	132.9	114.1	56.75	59.62
Revenue	3,048	2,521	2,773	3,194	2,567	2,583
Revenue Growth (YoY)	25.34%	-9.09%	-13.18%	24.44%	-0.64%	-8.69%
Salaries & Employee Benefits	1,967	1,755	1,626	1,883	1,553	1,509
Cost of Services Provided	607.14	618.47	554.34	523.65	470.67	565.48
Other Operating Expenses	55.88	72.67	44.85	45.32	38.93	37.45
Total Operating Expenses	2,631	2,447	2,225	2,452	2,064	2,114
Operating Income	416.78	74.5	548.26	742.2	502.42	469.06
Currency Exchange Gains	-6.53	-5.57	0.4	-1.23	-0.72	3.44
Other Non-Operating Income (Expenses)	3.46	43.89	1.21	-2.2	0.44	0.5
EBT Excluding Unusual Items	413.71	112.82	549.87	738.77	502.14	473.01
Merger & Restructuring Charges	-62.42	-182.1	-	-14.92	-	-56.64
Other Unusual Items	-	-10.67	-33.02	-	-	-23.68
Pretax Income	351.29	-79.96	516.85	723.85	502.14	392.7
Income Tax Expense	71.38	-22.65	124.37	181.3	99.45	94.98
Earnings From Continuing Ops.	279.91	-57.31	392.48	542.55	402.69	297.72
Minority Interest in Earnings	-22.74	-18.17	-34.97	-14.48	-0.23	-11.22
Net Income	257.17	-75.48	357.52	528.06	402.46	286.5
Preferred Dividends & Other Adjustments	6.26	4.44	5.73	8.65	7.67	3.39
Net Income to Common	250.91	-79.92	351.79	519.42	394.79	283.11
Net Income Growth	-	-	-32.30%	31.21%	40.48%	-45.65%
Shares Outstanding (Basic)	92	89	96	106	107	110
Shares Outstanding (Diluted)	98	89	101	114	113	116
Shares Change (YoY)	11.23%	-11.89%	-11.15%	0.17%	-2.24%	-10.55%
EPS (Basic)	2.73	-0.90	3.68	4.90	3.69	2.57
EPS (Diluted)	2.55	-0.90	3.51	4.63	3.54	2.44
EPS Growth	-	-	-24.23%	31.00%	44.95%	-39.92%
Free Cash Flow	682.15	136.37	784.47	826.38	511.65	635.2
Free Cash Flow Per Share	6.93	1.53	7.77	7.27	4.51	5.47
Dividend Per Share	2.000	2.000	1.940	1.880	1.880	1.850
Dividend Growth	0%	3.09%	3.19%	0%	1.62%	6.94%
Operating Margin	13.68%	2.96%	19.77%	23.24%	19.57%	18.16%
Profit Margin	8.23%	-3.17%	12.69%	16.26%	15.38%	10.96%
Free Cash Flow Margin	22.38%	5.41%	28.29%	25.87%	19.93%	24.59%
Effective Tax Rate	20.32%	-	24.06%	25.05%	19.80%	24.19%
Revenue as Reported	3,127	2,593	2,855	3,274	-	2,667

Source: S&P Capital IQ. Capital Markets template. Financial Sources.