LAZARD LTD LAZ Balance Sheet

Lazard ltd (LAZ)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Cash and cash equivalents
793	1,231	959	919	1,011	1,246	1,132	845	962	1,483	1,254	955	891	1,158	853	646	701	1,132	859	701	606	1,066	820	684	666	841	688	601	586	850	832	751	765	1,003	989	984	1,015	1,209	847	797	917
Deposits with banks and short-term investments
1,080	1,180	1,289	1,301	1,138	1,006	1,015	1,000	862	935	652	756	572	419	534	667	387	389	276	287	217	207	240	322	274	244	273	344	254	292	266	324	257	286	267	248	307	356	179	163	143
Cash deposited with clearing organizations and other segregated cash
41	43	40	39	39	38	37	37	38	35	35	34	33	29	35	33	34	34	34	33	46	43	44	67	64	62	59	60	60	65	61	78	74	75	66	100	99	92	24	20	20
Receivables (net of allowance for doubtful accounts of $31,287 and $27,130 at March 31, 2020 and December 31, 2019, respectively):
Fees
478	537	468	502	503	501	546	610	543	487	451	527	439	564	440	402	414	423	426	443	457	483	429	439	401	452	430	391	368	400	389	388	436	402	439	418	424	480	463	394	437
Customers and other
109	125	199	202	192	184	93	103	130	83	100	127	87	73	96	92	100	73	75	57	135	73	77	80	117	52	91	117	72	53	84	80	71	83	141	100	93	63	137	58	73
Related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	0	24	4	7	14	15	18	23	10	14	15	18	14	13	12	24	6	6	14
Total receivables, net
588	663	668	705	695	685	640	714	674	571	551	654	527	638	537	495	514	497	502	501	593	557	507	544	523	512	536	524	459	478	484	483	522	504	595	532	530	568	787	623	525
U.S. Government and agencies (includes $126,547 and $126,413 of securities at amortized cost at September 30, 2010 and December 31, 2009, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	147	-
Other (includes $10,135 and $10,217 of securities at amortized cost at September 30, 2010 and December 31, 2009, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264	219	-
Equities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	73	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	214	235	-
Investments
505	531	535	575	615	575	609	505	354	427	426	421	382	459	462	491	460	541	575	557	486	620	549	538	417	478	469	449	406	414	439	439	378	378	346	435	407	417	712	677	807
Property (net of accumulated amortization and depreciation of $370,248 and $367,545 at March 31, 2020 and December 31, 2019, respectively)
220	219	216	206	209	212	214	216	213	205	200	200	206	209	204	201	206	207	209	213	209	222	227	236	242	248	249	241	239	225	216	198	190	168	150	153	153	150	154	143	166
Operating lease right-of-use assets
533	551	558	477	489	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and other intangible assets (net of accumulated amortization of $68,526 and $68,305 at March 31, 2020 and December 31, 2019, respectively)
357	373	368	374	375	375	379	382	388	391	392	389	387	382	353	328	332	326	325	335	335	347	356	368	366	363	376	375	393	392	395	394	395	393	394	365	362	361	318	306	317
Deferred tax assets
569	586	601	589	591	597	610	618	638	650	1,099	1,113	1,135	1,075	1,107	1,123	1,126	1,130	1,113	1,255	-	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
404	257	313	319	333	258	304	308	351	228	222	243	248	184	212	228	248	217	250	264	331	207	295	316	342	259	303	322	328	268	297	307	323	272	325	262	282	265	279	239	248
Total Assets
5,095	5,639	5,551	5,507	5,499	4,997	4,944	4,627	4,485	4,928	4,836	4,769	4,385	4,556	4,302	4,215	4,011	4,477	4,148	4,151	2,827	3,332	3,042	3,079	2,898	3,011	2,956	2,921	2,728	2,986	2,994	2,977	2,907	3,081	3,136	3,081	3,159	3,422	3,123	2,808	3,147
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits and other customer payables
1,144	1,246	1,405	1,480	1,315	1,154	1,056	1,055	955	992	702	829	625	472	587	721	525	506	399	375	377	316	278	401	350	275	289	385	246	269	262	338	274	288	342	273	330	361	408	289	322
Accrued compensation and benefits
338	602	418	331	309	585	489	403	331	593	490	378	288	541	375	270	234	570	455	387	316	606	517	420	339	523	382	336	273	467	301	251	210	383	250	183	134	498	320	227	515
Operating lease liabilities
623	644	652	555	568	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior debt
1,680	1,679	1,678	1,678	1,759	1,434	1,433	1,191	1,190	1,190	1,189	1,189	1,189	1,188	990	990	989	989	998	998	998	1,048	1,048	1,048	1,048	1,048	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,076	1,086
Deferred tax liabilities
0	3	1	2	0	5	6	7	9	9	4	8	8	9	9	10	10	11	-	-	-	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	6	-	8	8	9	9	9	10	10	12	12	14	15	15	16	16	16	17	18	18	19	20	21	23	23	22	21	20	24
Related party payables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	-	11	62	2	5	4	4	5	3	3	7	10	6	4	3	2	2	0	0	17
Other liabilities
524	534	460	494	527	576	560	580	663	573	568	547	539	537	517	497	505	499	548	522	559	529	536	565	587	513	529	509	531	499	499	459	454	440	523	512	600	513	509	459	508
Subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	150	150	150	150	150
Total Liabilities
4,535	4,958	4,865	4,789	4,728	4,027	3,823	3,514	3,428	3,669	3,467	3,467	3,172	3,262	3,001	3,011	2,788	3,110	2,936	3,282	2,290	2,562	2,405	2,512	2,342	2,381	2,299	2,329	2,151	2,335	2,161	2,151	2,047	2,215	2,218	2,223	2,318	2,626	2,487	2,223	2,624
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-	-	-
STOCKHOLDERS’ EQUITY
Common stock:
Class A, par value $.01 per share (500,000,000 shares authorized; 112,766,091 shares issued at March 31, 2020 and December 31, 2019, including shares held by subsidiaries as indicated below)
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in-capital
-	41	682	582	535	750	701	652	619	788	732	673	608	688	623	569	526	600	569	527	509	702	657	612	556	737	693	659	605	846	750	700	638	659	685	642	612	758	666	643	549
Retained earnings
1,119	1,193	1,168	1,179	1,171	1,195	1,140	1,092	1,005	1,080	1,219	1,166	1,101	1,134	1,058	998	970	1,123	1,014	664	338	464	333	285	242	203	219	193	197	182	270	264	262	258	285	244	204	166	83	35	52
Accumulated other comprehensive loss, net of tax
-333	-293	-288	-271	-268	-273	-260	-253	-219	-232	-261	-277	-296	-314	-236	-237	-221	-234	-252	-235	-233	-200	-152	-127	-126	-133	-127	-141	-124	-110	-81	-94	-71	-88	-57	-17	-26	-46	-70	-117	-57
Stockholders' equity subtotal before common stock held by subsidiaries and Noncontrolling interests, total
786	942	1,563	1,491	1,440	1,673	1,583	1,492	1,407	1,637	1,691	1,562	1,414	1,509	1,446	1,331	1,276	1,490	1,332	957	615	967	839	772	674	809	786	713	678	919	940	871	830	830	914	870	791	880	680	562	546
Class A common stock held by subsidiaries, at cost (8,235,358 and 8,513,493 shares at March 31, 2020 and December 31, 2019, respectively)
300	332	949	872	738	756	516	437	410	437	384	319	261	273	203	-	-	177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	-	141	159	97	227	192	132	191
Total Lazard Ltd Stockholders’ Equity
486	609	613	618	701	916	1,067	1,055	996	1,199	1,307	1,243	1,153	1,235	1,243	1,146	1,165	1,313	1,154	810	473	706	572	500	485	560	582	518	496	569	713	704	738	726	773	710	693	652	488	430	355
Noncontrolling interests
73	71	72	99	70	53	54	57	59	59	60	59	60	57	57	58	57	53	57	59	64	63	65	66	69	69	74	74	80	81	119	121	122	140	144	147	146	143	147	154	167
Total Stockholders’ Equity
559	681	686	717	771	970	1,121	1,113	1,056	1,258	1,368	1,302	1,213	1,293	1,301	1,204	1,222	1,367	1,211	869	537	770	637	566	555	629	657	592	577	651	833	826	860	866	917	857	840	796	635	584	523
Total Liabilities and Stockholders’ Equity
5,095	5,639	5,551	5,507	5,499	4,997	4,944	4,627	4,485	4,928	4,836	4,769	4,385	4,556	4,302	4,215	4,011	4,477	4,148	4,151	2,827	3,332	3,042	3,079	2,898	3,011	2,956	2,921	2,728	2,986	2,994	2,977	2,907	3,081	3,136	3,081	3,159	3,422	3,123	2,808	3,147
LTBP Trust [Member]
Tax receivable agreement obligation
221	247	246	246	246	270	277	277	277	310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-