Lazard Ltd. (LAZ) financial statements (2021 and earlier)

Company profile

Business Address CLARENDON HOUSE
HAMILTON, HM II
State of Incorp.
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3901,1108977931,232959919
Cash and cash equivalents1,3901,1108977931,232959919
Total current assets:1,3901,1108977931,232959919
Noncurrent Assets
Operating lease, right-of-use asset514518525533552559 
Property, plant and equipment258233229220220217206
Intangible assets, net (including goodwill)384374369357374369374
Goodwill384373368356372367372
Intangible assets, net (excluding goodwill)0112223
Deferred income tax assets538557563570587601 
Total noncurrent assets:1,6941,6821,6861,6801,7321,746581
Other undisclosed assets2,8882,6752,7292,6212,6762,8474,007
TOTAL ASSETS:5,9725,4675,3125,0955,6405,5525,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities140   138  
Taxes payable140   138  
Total current liabilities:140   138  
Noncurrent Liabilities
Liabilities, other than long-term debt133142 
Deferred income tax liabilities133142 
Total noncurrent liabilities:133142 
Other undisclosed liabilities4,8324,6864,6254,5354,8164,8644,790
Total liabilities:4,9724,6884,6284,5364,9584,8664,790
Stockholders' equity
Stockholders' equity attributable to parent912694601486610613619
Common stock1111111
Common stock held by subsidiary(282)(283)(284)(300)(332)(950)(873)
Additional paid in capital1359552 41682582
Accumulated other comprehensive loss(238)(280)(309)(333)(294)(289)(272)
Retained earnings1,2951,1601,1401,1191,1941,1681,180
Stockholders' equity attributable to noncontrolling interest88858373727399
Total stockholders' equity:999779684560682686718
TOTAL LIABILITIES AND EQUITY:5,9725,4675,3125,0955,6405,5525,507

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues898598592558743611651
Cost of revenue(562)(386)(453)(419)(548)(496)(481)
Gross profit:336212139139195115170
Operating expenses(98)(87)(23)(35)(54)(42)(48)
Other operating expense, net
(Other Expenses)
(11)(5)(14)(9)(10)(12)(5)
Other undisclosed operating loss(9)(16)(6)(11)(12)(8)(15)
Operating income:217105968411952102
Nonoperating expense
(Investment Income, Nonoperating)
 (20)(39)    
Interest and debt expense(20)(20)(20)(20) (20)(20)
Other undisclosed income from continuing operations before equity method investments, income taxes18      
Income from continuing operations before income taxes:2166537641193282
Income tax expense(23)(28)(23)(26)(39)(4)(28)
Income before gain (loss) on sale of properties:193371438802853
Other undisclosed net income2405920 2020
Net income:195777358804874
Net income (loss) attributable to noncontrolling interest(5)(1)06(3)(1)(8)
Net income attributable to parent:190757364774766
Other undisclosed net loss available to common stockholders, basic(4)(2)(1)(1)(1)(1)(2)
Net income available to common stockholders, basic:186747263764664
Other undisclosed net income available to common stockholders, diluted31110 0
Net income available to common stockholders, diluted:189757364764664

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:195777358804874
Other comprehensive income (loss)412924(40)(5)(17)(3)
Comprehensive income:2361069819753270
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(1)06(3)(1)(8)
Comprehensive income, net of tax, attributable to parent:2311049824723063

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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