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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2321,2471,4841,1591,1321,077850
Cash and cash equivalents1,2321,2471,4841,1591,1321,067841
Short-term investments     109
Other current assets      46
Total current assets:1,2321,2471,4841,1591,1321,077896
Noncurrent Assets
Operating lease, right-of-use asset552
Property, plant and equipment220213205209207223249
Long-term investments and receivables   0 89
Long-term investments   0 89
Intangible assets, net (including goodwill), including:374375391382327347364
Goodwill372372385373321335345
Intangible assets, net (excluding goodwill)246962418
Other undisclosed intangible assets, net (including goodwill)     (12)
Deferred income tax assets587
Total noncurrent assets:1,732588597591534578622
Other undisclosed assets2,6763,1622,8482,8062,8211,6771,493
TOTAL ASSETS:5,6404,9974,9294,5574,4873,3323,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13813012499109  
Taxes payable13813012499109  
Deferred revenue and credits   83 
Other liabilities      24
Total current liabilities:138130124991098324
Noncurrent Liabilities
Liabilities, other than long-term debt4 858484  
Deferred revenue and credits858484  
Deferred income tax liabilities4
Total noncurrent liabilities:4 858484  
Other undisclosed liabilities4,8163,8973,4613,0792,9262,4792,357
Total liabilities:4,9584,0273,6703,2633,1192,5622,381
Stockholders' equity
Stockholders' equity attributable to parent, including:6109171,2001,2361,313707560
Common stock1111   
Common stock held by subsidiary(332)(757)(438)(274)   
Additional paid in capital41751788688600703738
Accumulated other comprehensive loss(294)(274)(233)(314)(234)(201)(133)
Retained earnings1,1941,1961,0801,1341,124465203
Other undisclosed stockholders' equity attributable to parent    (176)(260)(248)
Stockholders' equity attributable to noncontrolling interest72535958546370
Total stockholders' equity:6829701,2591,2941,367770630
TOTAL LIABILITIES AND EQUITY:5,6404,9974,9294,5574,4873,3323,011

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,6672,8852,6982,3842,4052,3632,065
Financial services revenue2,5819991,0371,0815
Cost of revenue(2,007)(1,976) (140)(714) (364)
Gross profit:6609092,6982,2441,6912,3631,700
Operating expenses(187)(170)(1,897)(1,676)(1,656)(2,534)(1,404)
Other operating income (expense), net
(Other Expenses)
(44)(89)(44)(41)(99)(40)82
Other undisclosed operating income (loss)(36)3168(9)48730(161)
Operating income (loss):393681825517(17)519217
Nonoperating income (expense)
(Investment Income, Nonoperating)
     2(28)
Interest and debt expense(7)(7)(54)(3)(60)(63)(130)
Income (loss) from continuing operations before income taxes:386674772514(77)45958
Income tax expense (benefit)(95)(148)(566)(124)1,010(85)(52)
Income before gain (loss) on sale of properties:2915262063919333737
Other undisclosed net income775436061158
Net income:298532260394993434165
Net loss attributable to noncontrolling interest(11)(5)(6)(6)(7)(7)(5)
Net income attributable to parent:287527254388986427160
Other undisclosed net loss available to common stockholders, basic(3)      
Net income available to common stockholders, basic:283527254388986427160
Other undisclosed net income available to common stockholders, diluted0    11
Net income available to common stockholders, diluted:283527254388986428161

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:298532260394993434165
Other comprehensive income (loss)(20)(41)82(80)(34)(67)(22)
Comprehensive income:278491342314959367143
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)(5)(6)(6)(7)(7)5
Other undisclosed comprehensive loss, net of tax, attributable to parent      (10)
Comprehensive income, net of tax, attributable to parent:267486335308953360138

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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