LAZARD LTD LAZ Income Statement

Lazard ltd (LAZ)

Income statement / TTM

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	Mar'10	Sep'09	Jun'09
REVENUE
Interest income
14	15	17	16	14	13	10	8	8	7	6	5	5	5	5	5	5	5	4	5	4	5	4	4	4	4	5	4	4	6	7	10	13	14	16	18	19	20	24	25	0	0	0
Total revenue
2,563	2,666	2,627	2,657	2,778	2,884	2,872	2,870	2,828	2,697	2,711	2,694	2,510	2,383	2,282	2,247	2,320	2,404	2,449	2,445	2,407	2,363	2,345	2,263	2,192	2,064	2,014	1,963	1,909	1,994	1,886	1,921	1,964	1,919	2,065	2,058	2,000	2,003	1,822	1,747	0	0	0
Interest expense
82	80	75	69	62	58	54	53	53	53	54	53	52	50	47	47	46	51	54	58	62	62	65	70	75	79	80	81	81	81	82	84	87	90	92	94	95	97	100	103	0	0	0
Net revenue
2,481	2,586	2,552	2,588	2,715	2,826	2,817	2,816	2,775	2,644	2,657	2,641	2,458	2,333	2,235	2,199	2,274	2,353	2,394	2,386	2,344	2,300	2,279	2,193	2,116	1,985	1,933	1,881	1,828	1,912	1,803	1,837	1,877	1,829	1,972	1,963	1,905	1,905	1,722	1,644	0	0	0
OPERATING EXPENSES
Compensation and benefits
1,510	1,563	1,485	1,438	1,481	1,514	1,539	1,557	1,556	1,512	1,519	1,511	1,405	1,340	1,294	1,260	1,288	1,319	1,292	1,311	1,320	1,313	1,373	1,337	1,322	1,278	1,356	1,338	1,290	1,351	1,244	1,234	1,237	1,168	1,178	1,187	1,163	1,194	1,096	1,053	0	0	0
Occupancy and equipment
127	123	121	120	119	121	125	126	127	124	115	113	109	109	110	109	109	109	106	109	110	111	112	110	121	122	129	127	116	113	110	109	104	100	93	91	89	88	88	86	0	0	0
Marketing and business development
107	115	116	111	110	108	101	99	95	89	86	83	83	83	86	87	82	81	84	85	87	88	82	80	85	84	86	88	85	95	99	100	98	88	84	82	79	77	65	63	0	0	0
Professional services
72	71	67	65	63	61	56	54	48	47	47	47	47	45	45	45	47	49	49	50	50	46	43	45	41	42	45	40	43	43	45	47	47	48	48	47	45	43	41	42	0	0	0
Fund administration and outsourced services
111	114	115	121	126	132	121	105	90	71	69	68	65	63	59	57	58	61	64	67	66	65	64	61	61	59	55	54	51	51	51	52	52	52	53	51	49	47	44	40	0	0	0
Amortization and other acquisition-related costs
16	19	7	0	-13	-15	-8	-2	6	9	38	39	38	35	4	3	5	5	3	7	6	6	13	10	10	10	4	6	8	8	13	12	11	11	7	7	7	7	7	5	0	0	0
Benefit pursuant to tax receivable agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	547	556	977	24	18	9	9	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87	0	0	0	-	-
Other
36	43	72	75	80	89	64	59	61	44	43	43	41	41	37	38	38	99	100	99	100	39	92	85	80	80	28	33	36	38	39	40	41	39	41	40	40	40	34	33	0	0	0
Total operating expenses
2,123	2,194	2,122	2,071	2,100	2,145	1,934	1,927	1,914	1,818	2,033	2,012	1,889	1,815	1,735	1,277	2,266	2,370	2,350	2,800	1,857	1,780	1,886	1,832	1,814	1,768	1,794	1,777	1,720	1,788	1,689	1,681	1,677	1,594	1,590	1,589	1,553	1,661	1,536	1,481	0	0	0
OPERATING INCOME
357	392	430	516	614	680	882	888	861	825	623	628	569	517	499	921	7	-16	43	-413	486	519	393	360	302	216	138	104	107	123	114	155	199	235	381	373	351	243	185	162	0	0	0
Provision for income taxes
97	94	98	123	147	148	547	549	549	565	151	155	135	123	79	214	-993	-1,009	-966	-1,113	75	85	78	73	69	51	30	24	26	31	25	32	40	44	71	60	56	49	49	53	0	0	0
NET INCOME
259	297	331	392	467	532	335	338	311	259	471	472	433	393	420	707	1,001	992	1,010	700	411	434	314	286	232	165	108	79	81	92	88	122	159	190	310	313	295	194	136	109	0	0	0
LESS - NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS
6	11	8	9	2	5	5	6	5	6	6	4	4	5	2	3	3	6	9	9	8	6	5	7	7	4	6	4	7	8	3	7	14	15	30	32	31	19	23	32	0	0	0
NET INCOME ATTRIBUTABLE TO LAZARD LTD
253	286	322	383	464	527	330	332	305	253	465	468	428	387	417	703	997	986	1,000	691	402	427	308	279	225	160	101	74	74	84	84	114	145	174	279	280	263	174	112	76	0	0	0
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:
Basic
106	107	109	111	111	116	119	120	119	119	121	122	122	123	124	125	126	125	125	126	123	122	122	123	121	121	122	121	117	114	115	118	119	-118,868	118	119,107	115	113	111	103	89	80	74
Diluted
114	113	113	116	120	126	129	130	132	132	132	132	132	132	132	132	132	133	133	132	133	134	133	133	134	135	134	132	132	110	135	134	136	-139,072	136	139,347	138	186	138	139	89	131	127
NET INCOME PER SHARE OF COMMON STOCK:
Basic
0.59	0.71	0.42	0.57	0.87	0.98	0.90	1.22	1.33	-0.67	0.90	0.98	0.88	1.04	0.90	0.64	0.53	1.30	3.16	2.96	0.45	1.41	0.73	0.69	0.66	0.45	0.49	0.26	0.13	-0.04	0.29	0.26	0.21	-0.05	0.53	0.52	0.48	1.05	0.58	0.43	-0.38	0.47	0.38
Diluted
0.56	0.69	0.40	0.55	0.80	0.90	0.82	1.13	1.21	-0.63	0.82	0.91	0.81	0.96	0.85	0.61	0.50	1.17	2.99	2.82	0.42	1.28	0.67	0.64	0.61	0.40	0.45	0.24	0.12	-0.05	0.26	0.24	0.20	-0.04	0.49	0.48	0.43	0.84	0.51	0.39	-0.38	0.41	0.34
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK
-	-	-	-	-	-	-	-	-	-	0.41	0.41	1.58	-	0.38	0.38	1.55	0.35	0.35	0.35	1.30	0.30	0.30	0.30	0.30	-	0.25	0.25	-	0.60	0.20	0.20	0.16	0.16	0.16	0.16	0.12	0.12	0.12	0.12	0.12	0.12	0.10
Investment Banking and Other Advisory Fees [Member]
Revenue
1,333	1,371	1,384	1,388	1,481	1,554	1,474	1,470	1,459	1,385	1,454	1,491	1,368	1,298	1,224	1,212	1,239	1,276	1,304	1,264	1,230	1,201	1,155	1,096	1,077	972	967	953	933	1,039	990	1,020	1,023	970	1,057	1,054	1,056	1,105	1,012	1,003	0	0	0
Asset Management Fees [Member]
Revenue
1,157	1,180	1,157	1,183	1,222	1,268	1,313	1,302	1,260	1,195	1,137	1,090	1,038	998	982	981	1,008	1,036	1,059	1,082	1,089	1,080	1,093	1,057	1,016	994	945	918	885	858	822	820	849	859	910	900	850	812	709	627	0	0	0
Other [Member]
Revenue
58	98	68	69	60	49	74	88	100	109	112	105	99	81	70	48	66	86	80	93	82	75	92	104	93	92	96	86	85	89	65	69	78	74	81	85	74	64	75	92	0	0	0
Technology and Information Services [Member]
Operating expenses
143	143	142	144	138	139	136	131	130	121	113	106	98	97	98	96	95	95	91	91	90	91	92	91	89	89	89	88	89	86	85	84	84	83	80	79	75	73	71	68	0	0	0