Lazard LTD. Lazard, LTD. (LAZ) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4651,3901,2321,2471,4841,1591,132
Cash and cash equivalents1,4651,3901,2321,2471,4841,1591,132
Total current assets:1,4651,3901,2321,2471,4841,1591,132
Noncurrent Assets
Operating lease, right-of-use asset466514552
Property, plant and equipment250258220213205209207
Long-term investments and receivables16    0 
Long-term investments16    0 
Intangible assets, net (including goodwill)380384374375391382327
Goodwill379384372372385373321
Intangible assets, net (excluding goodwill)0024696
Deferred income tax assets435538587
Total noncurrent assets:1,5471,6941,732588597591534
Other undisclosed assets4,1352,8882,6763,1622,8482,8062,821
TOTAL ASSETS:7,1475,9725,6404,9974,9294,5574,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17014013813012499109
Taxes payable17014013813012499109
Total current liabilities:17014013813012499109
Noncurrent Liabilities
Liabilities, other than long-term debt214 858484
Deferred revenue and credits858484
Deferred income tax liabilities214
Total noncurrent liabilities:214 858484
Other undisclosed liabilities5,3234,8324,8163,8973,4613,0792,926
Total liabilities:5,4944,9724,9584,0273,6703,2633,119
Temporary equity, carrying amount575      
Stockholders' equity
Stockholders' equity attributable to parent, including:9759126109171,2001,2361,313
Common stock111111 
Common stock held by subsidiary(507)(282)(332)(757)(438)(274) 
Additional paid in capital14513541751788688600
Accumulated other comprehensive loss(224)(238)(294)(274)(233)(314)(234)
Retained earnings1,5611,2951,1941,1961,0801,1341,124
Other undisclosed stockholders' equity attributable to parent      (176)
Stockholders' equity attributable to noncontrolling interest103887253595854
Total stockholders' equity:1,0789996829701,2591,2941,367
TOTAL LIABILITIES AND EQUITY:7,1475,9725,6404,9974,9294,5574,487

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,2742,6472,6672,8852,6982,3842,405
Financial services revenue2,5819991,037
Cost of revenue(2,074)(1,694)(2,007)(1,976) (140)(714)
Gross profit:1,2009536609092,6982,2441,691
Operating expenses(395)(370)(187)(170)(1,897)(1,676)(1,656)
Other operating expense, net
(Other Expenses)
(45)(39)(44)(89)(44)(41)(99)
Other undisclosed operating income (loss)(35)(42)(36)3168(9)48
Operating income (loss):724502393681825517(17)
Interest and debt expense(81)(81)(7)(7)(54)(3)(60)
Income (loss) from continuing operations before income taxes:643422386674772514(77)
Income tax expense (benefit)(181)(99)(95)(148)(566)(124)1,010
Income before gain (loss) on sale of properties:462322291526206391933
Other undisclosed net income81817754360
Net income:543403298532260394993
Net loss attributable to noncontrolling interest(14)(0)(11)(5)(6)(6)(7)
Net income attributable to parent:528402287527254388986
Other undisclosed net loss available to common stockholders, basic(9)(8)(3)    
Net income available to common stockholders, basic:519395283527254388986
Other undisclosed net income available to common stockholders, diluted760    
Net income available to common stockholders, diluted:526401283527254388986

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:543403298532260394993
Other comprehensive income (loss)1555(20)(41)82(80)(34)
Comprehensive income:557458278491342314959
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(0)(11)(5)(6)(6)(7)
Comprehensive income, net of tax, attributable to parent:543458267486335308953

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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