Lazard ltd (LAZ)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
REVENUE
Interest income

15

13

7

5

5

5

4

6

14

20

29

81

Total revenue

2,666

2,884

2,697

2,383

2,404

2,363

2,064

1,994

1,919

2,003

1,638

1,697

Interest expense

80

58

53

50

51

62

79

81

90

97

107

139

Net revenue

2,586

2,826

2,644

2,333

2,353

2,300

1,985

1,912

1,829

1,905

1,530

1,557

OPERATING EXPENSES
Compensation and benefits

1,563

1,514

1,512

1,340

1,319

1,313

1,278

1,351

1,168

1,194

1,309

1,128

Occupancy and equipment

123

121

124

109

109

111

122

113

100

88

88

97

Marketing and business development

115

108

89

83

81

88

84

95

88

77

64

81

Professional services

71

61

47

45

49

46

42

43

48

43

44

53

Fund administration and outsourced services

114

132

71

63

61

65

59

51

52

47

37

30

Amortization and other acquisition-related costs

19

-15

9

35

5

6

10

8

11

7

4

4

Benefit pursuant to tax receivable agreement

-0

-6

-202

-

547

18

1

0

-

2

-1

17

Restructuring

-

-

-

-

-

-

-

-

-

87

62

-

Other

43

89

44

41

99

39

80

38

39

40

32

51

Total operating expenses

2,194

2,145

1,818

1,815

2,370

1,780

1,768

1,788

1,594

1,661

1,712

1,532

OPERATING INCOME

392

680

825

517

-16

519

216

123

235

243

-182

25

Provision for income taxes

94

148

565

123

-1,009

85

51

31

44

49

6

25

NET INCOME

297

532

259

393

992

434

165

92

190

194

-188

-0

LESS - NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS

11

5

6

5

6

6

4

8

15

19

-58

-3

NET INCOME ATTRIBUTABLE TO LAZARD LTD

286

527

253

387

986

427

160

84

174

174

-130

3

WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:
Basic

110

119

121

124

125

122

120

116

118

104

78

60

Diluted

116

129

132

132

133

133

133

129

137

138

78

60

NET INCOME PER SHARE OF COMMON STOCK:
Basic

2.57

4.43

2.09

3.11

7.87

3.49

1.33

0.72

1.48

1.68

-1.68

0.06

Diluted

2.44

4.06

1.91

2.92

7.40

3.20

1.21

0.65

1.36

1.36

-1.68

0.06

DIVIDENDS DECLARED PER SHARE OF COMMON STOCK

-

-

-

-

2.35

1.20

1.00

1.16

0.60

0.50

0.45

0.40

Investment Banking and Other Advisory Fees [Member]
Revenue

1,371

1,554

1,385

1,298

1,276

1,201

972

1,039

970

1,105

956

990

Asset Management Fees [Member]
Revenue

1,180

1,268

1,195

998

1,036

1,080

994

858

859

812

563

603

Other [Member]
Revenue

98

49

109

81

86

75

92

89

74

64

89

20

Technology and Information Services [Member]
Operating expenses

143

139

121

97

95

91

89

86

83

73

69

67