PJT Partners Inc. (PJT) financial statements (2023 and earlier)
Company profile
| Business Address |
280 PARK AVENUE NEW YORK, NY 10017 |
| State of Incorp. | DE |
| 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 investments | 200 | 300 | 216 | 106 | 146 | 152 | 82 | ||
| Cash and cash equivalents | 200 | 300 | 216 | 106 | 146 | 152 | 82 | ||
| Deferred tax assets | ✕ | ✕ | ✕ | 57 | |||||
| Total current assets: | 200 | 300 | 216 | 106 | 146 | 152 | 139 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 138 | 151 | 167 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 37 | 39 | 37 | 35 | 34 | 38 | 31 | ||
| Long-term investments and receivables | (1) | (1) | |||||||
| Accounts and financing receivable, after allowance for credit loss | (1) | (1) | |||||||
| Intangible assets, net (including goodwill) | 197 | 205 | 213 | 225 | 85 | 87 | 99 | ||
| Goodwill | 173 | 173 | 173 | 176 | 72 | 72 | 76 | ||
| Intangible assets, net (excluding goodwill) | 24 | 32 | 40 | 49 | 12 | 15 | 24 | ||
| Deferred income tax assets | 64 | 53 | 48 | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent assets: | 435 | 447 | 464 | 260 | 118 | 125 | 131 | ||
| Other undisclosed assets | 352 | 425 | 272 | 306 | 295 | 313 | 197 | ||
| TOTAL ASSETS: | 988 | 1,172 | 953 | 672 | 559 | 590 | 467 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 350 | 484 | 378 | 184 | 137 | 177 | 125 | ||
| Total liabilities: | 350 | 484 | 378 | 184 | 137 | 177 | 125 | ||
| Temporary equity, carrying amount | 422 | 453 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 120 | 154 | 31 | (86) | (157) | (9) | (111) | ||
| Treasury stock, value | (267) | (164) | (115) | (67) | (2) | ||||
| Additional paid in capital | 391 | 349 | 291 | 151 | 31 | 9 | |||
| Accumulated other comprehensive income (loss) | 1 | 1 | 0 | (1) | 0 | 0 | (0) | ||
| Accumulated deficit | (5) | (33) | (145) | (170) | (186) | (18) | (111) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 517 | 534 | 543 | 574 | 580 | ||||
| Total stockholders' equity: | 638 | 688 | 575 | 488 | 422 | (9) | (111) | ||
| TOTAL LIABILITIES AND EQUITY: | 988 | 1,172 | 953 | 672 | 559 | 590 | 467 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 992 | 1,052 | 718 | 580 | 499 | 499 | 406 | |
| Investment banking revenue | 386 | 378 | ||||||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 286 | |||
| Cost of revenue | (528) | (683) | (502) | (424) | ||||
| Gross profit: | 464 | 369 | 215 | 156 | 499 | 499 | 406 | |
| Operating expenses | (244) | (121) | (133) | (114) | (489) | (485) | (412) | |
| Operating income (loss): | 219 | 248 | 82 | 42 | 10 | 15 | (6) | |
| Interest and debt expense | (0) | (0) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 219 | 248 | 82 | 42 | 10 | 15 | (6) | |
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | ||||||
| Income (loss) from continuing operations before income taxes: | 219 | 248 | 82 | 42 | 10 | 15 | (6) | |
| Income tax expense (benefit) | (29) | (36) | (18) | 1 | (38) | (9) | (0) | |
| Net income (loss): | 190 | 212 | 64 | 43 | (28) | 5 | (6) | |
| Net income (loss) attributable to noncontrolling interest | (84) | (95) | (34) | (15) | (4) | (8) | 14 | |
| Net income (loss) attributable to parent: | 106 | 118 | 30 | 27 | (33) | (3) | 8 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | ✕ | ✕ | |||
| Net income (loss) available to common stockholders, diluted: | 106 | 118 | 30 | 27 | (33) | (3) | 8 | |
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 (loss): | 190 | 212 | 64 | 43 | (28) | 5 | (6) | |
| Other comprehensive income | 0 | |||||||
| Other undisclosed comprehensive income (loss) | (1) | 2 | 1 | (2) | 0 | 0 | 1 | |
| Comprehensive income (loss): | 189 | 215 | 65 | 41 | (28) | 5 | (6) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (83) | (96) | (35) | (15) | (4) | (8) | 0 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 105 | 119 | 30 | 26 | (32) | (3) | (6) | |
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.