Moelis & Company (MC) Financial Statements (2024 and earlier)

Company Profile

Business Address 399 PARK AVENUE, 5TH FLOOR
NEW YORK, NY 10022
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments472,039783,554414,303381,043341,750213,191
Cash and cash equivalents206,794520,213202,477167,812261,100213,191
Short-term investments 265,245263,341211,826213,23180,650 
Receivables9,46220,041    
Total current assets:481,501803,595414,303381,043341,750213,191
Noncurrent Assets
Operating lease, right-of-use asset152,341164,083177,069190,763
Property, plant and equipment57,15259,16349,97713,99212,73110,458
Long-term investments and receivables   38,14338,94463,27458,848
Long-term investments   38,14338,94463,27458,848
Deferred costs15,10011,49912,00411,7488,7888,848
Deferred income tax assets429,649448,123424,345400,496
Total noncurrent assets:654,242682,868701,538655,94384,79378,154
Other undisclosed assets81,12669,21880,60334,713487,832407,723
TOTAL ASSETS:1,216,8691,555,6811,196,4441,071,699914,375699,068
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities757,9311,077,382751,971677,872542,622354,812
Total liabilities:757,9311,077,382751,971677,872542,622354,812
Equity
Equity, attributable to parent, including:444,495489,068479,948442,827404,361324,950
Treasury stock, value(403,857)(256,320)(152,170)(107,836)(56,661)(23,188)
Additional paid in capital1,412,7951,280,4981,052,322872,791697,938487,163
Accumulated other comprehensive income (loss)(4,529)(560)(201)1,432291352
Accumulated deficit(560,690)(535,282)(420,682)(324,192)(237,782)(139,918)
Other undisclosed equity, attributable to parent776732679632575541
Equity, attributable to noncontrolling interest14,443(10,769)(35,475)(49,000)(32,608)19,306
Total equity:458,938478,299444,473393,827371,753344,256
TOTAL LIABILITIES AND EQUITY:1,216,8691,555,6811,196,4441,071,699914,375699,068

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues985,2971,540,611943,276746,534885,840684,615
Investment banking revenue1,540,611943,276746,534885,840684,615
Revenues, excluding interest and dividends985,297     
Gross profit:985,2971,540,611943,276746,534885,840684,615
Operating expenses(769,197)(1,044,694)(677,567)(631,991)(659,059)(520,333)
Operating income (loss):216,100495,917265,709114,543226,781164,282
Nonoperating income22040,3964,40432,9624,509177,728
Investment income, nonoperating  9,917 20,714 41,652
Income from continuing operations before equity method investments, income taxes:216,320536,313270,113147,505231,290342,010
Income from equity method investments     7,1628,341
Income from continuing operations before income taxes:216,320536,313270,113147,505238,452350,351
Income tax expense(47,638)(113,335)(51,675)(11,813)(30,448)(223,827)
Income from continuing operations:168,682422,978218,438135,692208,004126,524
Income before gain (loss) on sale of properties:422,978218,438135,692208,004126,524
Net income:168,682422,978218,438135,692208,004126,524
Net loss attributable to noncontrolling interest(18,337)(57,765)(39,607)(30,597)(67,324)(97,124)
Net income available to common stockholders, diluted:150,345365,213178,831105,095140,68029,400

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:168,682422,978218,438135,692208,004126,524
Other comprehensive income (loss)(4,333)(431)(2,040)1,452(453)1,827
Comprehensive income:164,349422,547216,398137,144207,551128,351
Comprehensive loss, net of tax, attributable to noncontrolling interest(17,973)(57,693)(39,200)(30,908)(67,249)(98,056)
Comprehensive income, net of tax, attributable to parent:146,376364,854177,198106,236140,30230,295

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.

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