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Lazard, Inc. (LAZ)
NYSE: LAZ · Real-Time Price · USD
37.70
+0.49 (1.32%)
Oct 26, 2026, 4:00 PM EDT - Market closed

Lazard Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
236.83279.91-75.48357.52528.06
Depreciation & Amortization, Total
34.1936.2842.8542.3438.38
Gain (Loss) On Sale of Investments
--40.91--
Change in Accounts Receivable
-62.25-3.58-100.5140.75-81.61
Change in Other Net Operating Assets
-230.6219.84-140.37-250.04-217.86
Other Operating Activities
81.3576.15-41.41137.12204.99
Operating Cash Flow
519.33742.83164.66833.98866.08

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-31.95-45.5-28.3-49.51-39.7
Cash Acquisitions
---10.52--
Investment in Securities
--15.84---
Other Investing Activities
-50.04-0.99--7.5-
Investing Cash Flow
-81.98134.07-38.32-56.44-39.06

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
300395.96---
Long-Term Debt Repaid
-298.35-399.15---
Net Debt Issued (Repaid)
1.65-3.19---
Repurchase of Common Stock
-91.01-59.5-102.05-691.71-406.15
Common Dividends Paid
-186.58-179.02-173.08-181.88-195.94
Other Financing Activities
-187.69-197.96-1,296-508.45797.93
Financing Cash Flow
-463.64-439.67-1,571-1,382195.84

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
87.5-52.8530.44-186.13-161.67
Net Cash Flow
61.2384.39-1,414-790.61861.19

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
487.38697.33136.37784.47826.38
Free Cash Flow Growth
-30.11%411.37%-82.62%-5.07%61.52%
Free Cash Flow Margin
15.73%22.87%5.41%28.29%25.87%
Free Cash Flow Per Share
4.586.811.537.777.27

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
80.3384.4273.6877.4477.99
Cash Income Tax Paid
118.7533.9744.23144.3174.1
SEC Filings: 10-K · 10-Q