PJT Partners Inc. (PJT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
280 PARK AVENUE NEW YORK, NY 10017 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6282 - Investment Advice (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 355,543 | 173,235 | 200,481 | 299,513 | 215,950 | 106,110 | |||
| Cash and cash equivalents | 355,543 | 173,235 | 200,481 | 299,513 | 215,950 | 106,110 | |||
| Total current assets: | 355,543 | 173,235 | 200,481 | 299,513 | 215,950 | 106,110 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 299,200 | 119,025 | 137,916 | 150,848 | 166,519 | ✕ | |||
| Property, plant and equipment | 25,901 | 30,693 | 37,147 | 38,777 | 37,123 | 34,805 | |||
| Long-term investments and receivables | (600) | (500) | (800) | (600) | |||||
| Accounts and financing receivable, after allowance for credit loss | (600) | (500) | (800) | (600) | |||||
| Intangible assets, net (including goodwill) | 185,685 | 190,605 | 197,111 | 204,755 | 212,531 | 225,191 | |||
| Goodwill | 172,725 | 172,725 | 172,725 | 172,725 | 172,725 | 176,031 | |||
| Intangible assets, net (excluding goodwill) | 12,960 | 17,880 | 24,386 | 32,030 | 39,806 | 49,160 | |||
| Deferred income tax assets | 72,460 | 69,172 | 63,782 | 53,330 | 48,237 | ✕ | |||
| Total noncurrent assets: | 582,646 | 408,995 | 435,156 | 447,110 | 464,410 | 259,996 | |||
| Other undisclosed assets | 496,789 | 468,422 | 351,988 | 424,984 | 272,417 | 305,711 | |||
| TOTAL ASSETS: | 1,434,978 | 1,050,652 | 987,625 | 1,171,607 | 952,777 | 671,817 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 573,814 | 291,094 | 350,053 | 483,761 | 378,260 | 184,068 | |||
| Total liabilities: | 573,814 | 291,094 | 350,053 | 483,761 | 378,260 | 184,068 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 244,669 | 185,106 | 120,232 | 154,259 | 31,390 | (86,487) | |||
| Treasury stock, value | (493,222) | (376,484) | (267,000) | (163,658) | (114,984) | (67,172) | |||
| Additional paid in capital | 619,702 | 502,585 | 391,242 | 349,363 | 290,896 | 150,908 | |||
| Accumulated other comprehensive income (loss) | (467) | (2,274) | 631 | 1,414 | 146 | (627) | |||
| Retained earnings (accumulated deficit) | 118,332 | 60,969 | (4,933) | (33,127) | (144,919) | (169,836) | |||
| Other undisclosed equity, attributable to parent | 324 | 310 | 292 | 267 | 251 | 240 | |||
| Equity, attributable to noncontrolling interest | 616,495 | 574,452 | 517,340 | 533,587 | 543,127 | 574,236 | |||
| Total equity: | 861,164 | 759,558 | 637,572 | 687,846 | 574,517 | 487,749 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,434,978 | 1,050,652 | 987,625 | 1,171,607 | 952,777 | 671,817 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,153,182 | 1,025,505 | 991,945 | 1,052,300 | 717,639 | 580,248 | ||
| Cost of revenue | (621,961) | (500,796) | (528,258) | (683,393) | (502,165) | (424,459) | ||
| Gross profit: | 531,221 | 524,709 | 463,687 | 368,907 | 215,474 | 155,789 | ||
| Operating expenses | (353,612) | (323,238) | (244,238) | (120,946) | (133,284) | (114,276) | ||
| Operating income: | 177,609 | 201,471 | 219,449 | 247,961 | 82,190 | 41,513 | ||
| Interest and debt expense | (5) | (6) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 177,609 | 201,471 | 219,449 | 247,956 | 82,184 | 41,513 | ||
| Other undisclosed income from continuing operations before income taxes | 5 | 6 | ||||||
| Income from continuing operations before income taxes: | 177,609 | 201,471 | 219,449 | 247,961 | 82,190 | 41,513 | ||
| Income tax expense (benefit) | (31,927) | (36,699) | (29,494) | (35,535) | (18,403) | 1,045 | ||
| Income from continuing operations: | 145,682 | 164,772 | 189,955 | 212,426 | 63,787 | 42,558 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 189,955 | 212,426 | 63,787 | 42,558 | |
| Net income: | 145,682 | 164,772 | 189,955 | 212,426 | 63,787 | 42,558 | ||
| Net loss attributable to noncontrolling interest | (63,883) | (74,238) | (83,787) | (94,877) | (34,225) | (15,388) | ||
| Net income attributable to parent: | 81,799 | 90,534 | 106,168 | 117,549 | 29,562 | 27,170 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (41) | (34) | (143) | |||||
| Net income available to common stockholders, diluted: | 81,799 | 90,534 | 106,168 | 117,508 | 29,528 | 27,027 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 145,682 | 164,772 | 189,955 | 212,426 | 63,787 | 42,558 | ||
| Other undisclosed comprehensive income (loss) | 3,249 | (5,304) | (1,444) | 2,310 | 1,476 | (1,552) | ||
| Comprehensive income: | 148,931 | 159,468 | 188,511 | 214,736 | 65,263 | 41,006 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (65,325) | (71,839) | (83,126) | (95,919) | (34,928) | (14,618) | ||
| Comprehensive income, net of tax, attributable to parent: | 83,606 | 87,629 | 105,385 | 118,817 | 30,335 | 26,388 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.