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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3901,2321,2471,4841,1591,1321,077
Cash and cash equivalents1,3901,2321,2471,4841,1591,1321,067
Short-term investments      10
Total current assets:1,3901,2321,2471,4841,1591,1321,077
Noncurrent Assets
Operating lease, right-of-use asset514552
Property, plant and equipment258220213205209207223
Long-term investments and receivables    0 8
Long-term investments    0 8
Intangible assets, net (including goodwill), including:384374375391382327347
Goodwill384372372385373321335
Intangible assets, net (excluding goodwill)02469624
Other undisclosed intangible assets, net (including goodwill)      (12)
Deferred income tax assets538587
Total noncurrent assets:1,6941,732588597591534578
Other undisclosed assets2,8882,6763,1622,8482,8062,8211,677
TOTAL ASSETS:5,9725,6404,9974,9294,5574,4873,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14013813012499109 
Taxes payable14013813012499109 
Deferred revenue and credits   83
Total current liabilities:1401381301249910983
Noncurrent Liabilities
Liabilities, other than long-term debt14 858484 
Deferred revenue and credits858484 
Deferred income tax liabilities14
Total noncurrent liabilities:14 858484 
Other undisclosed liabilities4,8324,8163,8973,4613,0792,9262,479
Total liabilities:4,9724,9584,0273,6703,2633,1192,562
Stockholders' equity
Stockholders' equity attributable to parent, including:9126109171,2001,2361,313707
Common stock11111  
Common stock held by subsidiary(282)(332)(757)(438)(274)  
Additional paid in capital13541751788688600703
Accumulated other comprehensive loss(238)(294)(274)(233)(314)(234)(201)
Retained earnings1,2951,1941,1961,0801,1341,124465
Other undisclosed stockholders' equity attributable to parent     (176)(260)
Stockholders' equity attributable to noncontrolling interest88725359585463
Total stockholders' equity:9996829701,2591,2941,367770
TOTAL LIABILITIES AND EQUITY:5,9725,6404,9974,9294,5574,4873,332

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,6472,6672,8852,6982,3842,4052,363
Financial services revenue2,5819991,0371,081
Cost of revenue(1,694)(2,007)(1,976) (140)(714) 
Gross profit:9536609092,6982,2441,6912,363
Operating expenses(370)(187)(170)(1,897)(1,676)(1,656)(2,534)
Other operating expense, net
(Other Expenses)
(39)(44)(89)(44)(41)(99)(40)
Other undisclosed operating income (loss)(42)(36)3168(9)48730
Operating income (loss):502393681825517(17)519
Nonoperating income
(Investment Income, Nonoperating)
      2
Interest and debt expense(81)(7)(7)(54)(3)(60)(63)
Income (loss) from continuing operations before income taxes:422386674772514(77)459
Income tax expense (benefit)(99)(95)(148)(566)(124)1,010(85)
Income before gain (loss) on sale of properties:322291526206391933373
Other undisclosed net income81775436061
Net income:403298532260394993434
Net loss attributable to noncontrolling interest(0)(11)(5)(6)(6)(7)(7)
Net income attributable to parent:402287527254388986427
Other undisclosed net loss available to common stockholders, basic(8)(3)     
Net income available to common stockholders, basic:395283527254388986427
Other undisclosed net income available to common stockholders, diluted60    1
Net income available to common stockholders, diluted:401283527254388986428

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:403298532260394993434
Other comprehensive income (loss)55(20)(41)82(80)(34)(67)
Comprehensive income:458278491342314959367
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(11)(5)(6)(6)(7)(7)
Comprehensive income, net of tax, attributable to parent:458267486335308953360

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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