2011 Q4 Form 10-K Financial Statement

#000119312513080314 Filed on February 27, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $112.8M $167.8M $147.0M
YoY Change 5.5% 31.78% 107.27%
Cost Of Revenue $4.000M $4.600M $5.700M
YoY Change -27.27% -22.03% -3.39%
Gross Profit $112.8M $163.2M $141.3M
YoY Change 11.24% 34.43% 117.38%
Gross Profit Margin 100.02% 97.29% 96.15%
Selling, General & Admin $99.90M $117.3M $121.1M
YoY Change 15.63% 23.08% 93.76%
% of Gross Profit 88.56% 71.88% 85.7%
Research & Development $1.574M $1.930M
YoY Change
% of Gross Profit 0.96% 1.37%
Depreciation & Amortization $7.300M $1.008M $694.00
YoY Change 97.3% -73.47% -99.97%
% of Gross Profit 6.47% 0.62% 0.0%
Operating Expenses $113.8M $149.7M $129.6M
YoY Change 24.5% 47.53% 94.0%
Operating Profit -$990.0K $13.46M $11.71M
YoY Change -109.9% -32.36% -750.61%
Interest Expense $300.0K $4.573M $5.749M
YoY Change -400.0% -4673.0% -5849.0%
% of Operating Profit 33.97% 49.09%
Other Income/Expense, Net
YoY Change
Pretax Income -$754.0K $13.64M $11.68M
YoY Change -107.94% -29.71% -454.06%
Income Tax $1.080M $11.14M $6.064M
% Of Pretax Income 81.72% 51.9%
Net Earnings -$656.0K $1.759M $2.261M
YoY Change -119.88% -49.74% 2161.0%
Net Earnings / Revenue -0.58% 1.05% 1.54%
Basic Earnings Per Share -$0.02 $0.06 $0.09
Diluted Earnings Per Share -$0.02 $0.06 $0.08
COMMON SHARES
Basic Shares Outstanding 28.97M shares 23.72M shares
Diluted Shares Outstanding 31.24M shares 27.36M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $264.2M $363.0M $378.5M
YoY Change -26.74% -38.12% -9.06%
Cash & Equivalents $182.9M $243.9M $204.4M
Short-Term Investments $81.29M $119.1M $174.1M
Other Short-Term Assets $23.87M $129.5M $104.9M
YoY Change -64.53% 84.21% 7.59%
Inventory
Prepaid Expenses
Receivables $52.10M $66.20M $83.10M
Other Receivables $7.800M $6.900M $6.100M
Total Short-Term Assets $485.9M $565.6M $572.7M
YoY Change 1.03% -19.01% 3.86%
LONG-TERM ASSETS
Property, Plant & Equipment $21.44M $15.00M $14.60M
YoY Change 43.87% 44.23% 92.11%
Goodwill $177.8M
YoY Change 27.92%
Intangibles $40.91M
YoY Change
Long-Term Investments $68.23M $64.20M $67.00M
YoY Change 12.59% 80.34% 101.2%
Other Assets $208.6M $201.4M $201.9M
YoY Change 36.07% 38.99% 78.51%
Total Long-Term Assets $557.7M $504.2M $469.1M
YoY Change 33.69% 31.96% 38.3%
TOTAL ASSETS
Total Short-Term Assets $485.9M $565.6M $572.7M
Total Long-Term Assets $557.7M $504.2M $469.1M
Total Assets $1.044B $1.070B $1.042B
YoY Change 16.2% -0.99% 16.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.80M $18.00M $14.90M
YoY Change 41.27% -3.23% 3.47%
Accrued Expenses $125.9M $113.9M $63.10M
YoY Change 51.87% 72.84% 103.55%
Deferred Revenue
YoY Change
Short-Term Debt $129.6M $158.6M $184.1M
YoY Change -27.48% -60.08% -31.76%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $302.9M $328.9M $284.4M
YoY Change 5.54% -35.28% -20.76%
LONG-TERM LIABILITIES
Long-Term Debt $99.70M $99.30M $98.90M
YoY Change 1.63% 1.64% 1.64%
Other Long-Term Liabilities $15.49M $159.3M $158.9M
YoY Change -87.13% 34.89% 79.14%
Total Long-Term Liabilities $15.49M $258.6M $257.8M
YoY Change -92.91% 19.83% 38.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $302.9M $328.9M $284.4M
Total Long-Term Liabilities $15.49M $258.6M $257.8M
Total Liabilities $555.5M $668.5M $630.2M
YoY Change -7.01% -17.66% -0.46%
SHAREHOLDERS EQUITY
Retained Earnings -$76.70M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $79.01M
YoY Change
Treasury Stock Shares 3.073M shares
Shareholders Equity $407.7M $401.4M $411.6M
YoY Change
Total Liabilities & Shareholders Equity $1.044B $1.070B $1.042B
YoY Change 16.2% -0.99% 16.98%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$656.0K $1.759M $2.261M
YoY Change -119.88% -49.74% 2161.0%
Depreciation, Depletion And Amortization $7.300M $1.008M $694.00
YoY Change 97.3% -73.47% -99.97%
Cash From Operating Activities $37.70M $102.4M $45.50M
YoY Change 111.8% 140.94% 35.01%
INVESTING ACTIVITIES
Capital Expenditures -$6.100M -$1.000M -$1.000M
YoY Change 7.02% -54.55% 400.0%
Acquisitions
YoY Change
Other Investing Activities -$66.20M -$23.70M -$1.300M
YoY Change 117.76% -2254.55% -94.86%
Cash From Investing Activities -$72.20M -$24.70M -$2.300M
YoY Change 100.0% 2145.45% -90.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.40M -35.50M 57.90M
YoY Change 161.86% 88.83% -393.91%
NET CHANGE
Cash From Operating Activities 37.70M 102.4M 45.50M
Cash From Investing Activities -72.20M -24.70M -2.300M
Cash From Financing Activities -25.40M -35.50M 57.90M
Net Change In Cash -59.90M 42.20M 101.1M
YoY Change 113.93% 86.73% -979.13%
FREE CASH FLOW
Cash From Operating Activities $37.70M $102.4M $45.50M
Capital Expenditures -$6.100M -$1.000M -$1.000M
Free Cash Flow $43.80M $103.4M $46.50M
YoY Change 86.38% 131.32% 37.17%

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CY2012 dei Trading Symbol
TradingSymbol
EVR
CY2012 dei Entity Registrant Name
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EVERCORE PARTNERS INC.
CY2012 dei Entity Current Reporting Status
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Yes
CY2012 dei Amendment Flag
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false
CY2012 dei Entity Filer Category
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Large Accelerated Filer
CY2012 dei Document Fiscal Period Focus
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FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001360901
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
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CY2012 us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Corrections</i></b> &#x2013; Certain balances for prior periods were reclassified to conform to their current presentation.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Discontinued Operations</i></b> &#x2013; After further consideration of the guidance within ASC 810-10, &#x201C;<i>Consolidation&#x201D;</i>, the Company determined it would be appropriate to correct its presentation for discontinued operations and therefore reclassified Net Income (Loss) Attributable to Noncontrolling Interest related to Evercore Asset Management L.L.C. (&#x201C;EAM&#x201D;) from Discontinued Operations to Net Income Attributable to Noncontrolling Interest, below Net Income on the Consolidated Statements of Operations. The effect of the correction is to increase Discontinued Operations, with a corresponding decrease to Net Income Attributable to Noncontrolling Interest by $2,510, $1,804 and $1,693, for the years ended December&#xA0;31, 2011, 2010 and 2009, respectively<i>.</i> The Company believes this correction is not material to the consolidated financial statements taken as a whole.</font></p> </div>
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CY2012 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 3 &#x2013; Recent Accounting Pronouncements</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>ASU 2011-11</i> &#x2013; In December 2011, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued ASU No.&#xA0;2011-11, <i>&#x201C;Disclosures about Offsetting Assets and Liabilities&#x201D;</i> (&#x201C;ASU 2011-11&#x201D;). ASU 2011-11 provides amendments to ASC No.&#xA0;210, <i>&#x201C;Balance Sheet&#x201D;</i>, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1)&#xA0;offset in accordance with either Section&#xA0;210-20-45 or Section&#xA0;815-10-45 or (2)&#xA0;subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section&#xA0;210-20-45 or Section&#xA0;815-10-45. This information will enable users of an entity&#x2019;s financial statements to evaluate the effect or potential effect of netting arrangements on an entity&#x2019;s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this update. The amendments in this update are effective retrospectively for interim and annual periods beginning after January&#xA0;1, 2013. The Company does not expect the adoption of this update to have a material impact on the Company&#x2019;s consolidated financial condition, results of operations and cash flows.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>ASU 2013-02</i> &#x2013; In February 2013, the FASB issued ASU No.&#xA0;2013-02, <i>&#x201C;Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income&#x201D;</i> (&#x201C;ASU 2013-02&#x201D;). ASU 2013-02 provides amendments to ASC No.&#xA0;220, <i>&#x201C;Comprehensive Income&#x201D;</i>, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about the amounts reclassified out of accumulated other comprehensive income by component, and to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income and their corresponding effect on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively during interim and annual periods beginning after December&#xA0;15, 2012, with early adoption permitted. The Company is currently assessing the impact of the adoption of this update on the Company&#x2019;s consolidated financial condition, results of operations and cash flows.</font></p> </div>
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CY2012 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
23499000
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.82
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70387000
CY2012 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-02-22
CY2012 us-gaap Dividends
Dividends
24296000
CY2012 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-01-29
CY2012 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-18413000
CY2012 us-gaap Interest Paid
InterestPaid
13692000
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
8259000
CY2012 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
18784000
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
17990000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7967000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4756000
CY2012 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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67958000
CY2012 us-gaap Asset Management Fees
AssetManagementFees
79790000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
28889000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1451000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
430415000
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6500000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30908000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1463000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28805000
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.89
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
43720000
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
100639000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
454000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10872000
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
10000
CY2012 us-gaap Interest Expense
InterestExpense
15301000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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13694000
CY2012 evr Operating Expense
OperatingExpense
523386000
CY2012 evr Settlement Date
SettlementDate
2013-01
CY2012 evr Special Charges
SpecialCharges
662000
CY2012 evr Maximum Percentage Of Aggregate Principal Amount Of Outstanding Notes
MaximumPercentageOfAggregatePrincipalAmountOfOutstandingNotes
0.15 pure
CY2012 evr Other Expense
OtherExpense
53452000
CY2012 evr Amortization Of Intangible Assets Inherent In Equity Method Investments
AmortizationOfIntangibleAssetsInherentInEquityMethodInvestments
2696000
CY2012 evr Amortization Of Deferred Expenses Share Based Incentive Compensation
AmortizationOfDeferredExpensesShareBasedIncentiveCompensation
115632000
CY2012 evr Amount Of Dilutive Partnership Units
AmountOfDilutivePartnershipUnits
CY2012 evr Investment Banking And Investment Management Receivables Collection Periods
InvestmentBankingAndInvestmentManagementReceivablesCollectionPeriods
90 D
CY2012 evr Interest Expense On Senior Notes Investment Banking
InterestExpenseOnSeniorNotesInvestmentBanking
4312000
CY2012 evr Interest Expense On Senior Notes Investment Management
InterestExpenseOnSeniorNotesInvestmentManagement
3643000
CY2012 evr Maintenance Of Net Capital Of Aggregate Indebtedness Percent
MaintenanceOfNetCapitalOfAggregateIndebtednessPercent
0.0667 pure
CY2012 evr Lp Units Exchanged By Employees
LPUnitsExchangedByEmployees
2108000 shares
CY2012 evr Net Realized And Unrealized Gains On Private Equity Fund Investments Including Performance Fees
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-206000
CY2012 evr Operating Lease Agreements Expiration Date
OperatingLeaseAgreementsExpirationDate
Various dates through 2023
CY2012 evr Cash Paid For Contingent Consideration
CashPaidForContingentConsideration
3000000
CY2012 evr Collection Period For Restructuring Transactions And Private Equity Fee Receivables
CollectionPeriodForRestructuringTransactionsAndPrivateEquityFeeReceivables
90 D
CY2012 evr Decrease In Treasury Stock
DecreaseInTreasuryStock
5641000
CY2012 evr Dividend Equivalents Issued
DividendEquivalentsIssued
4969000
CY2012 evr Furniture Equipment And Leasehold Improvements Accrued
FurnitureEquipmentAndLeaseholdImprovementsAccrued
267000
CY2012 evr Income Before Income Tax Expense From Continuing Operations Net Of Noncontrolling Interest
IncomeBeforeIncomeTaxExpenseFromContinuingOperationsNetOfNoncontrollingInterest
59797000
CY2012 evr Increase Decrease In Deferred Tax Assets Associated With Changes In Accumulated Other Comprehensive Income Loss
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-1981000
CY2012 evr Increase In Treasury Stock
IncreaseInTreasuryStock
66588000
CY2012 evr Increase Decrease In Financial Instruments Owned And Pledged As Collateral At Fair Value
IncreaseDecreaseInFinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
-16056000
CY2012 evr Increase Decrease In Common Stock
IncreaseDecreaseInCommonStock
21000
CY2012 evr Increase Decrease In Securities Purchased Under Agreements To Resell
IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell
-2278000
CY2012 evr Payments For Repurchase Of Common Stock And Partnership Units
PaymentsForRepurchaseOfCommonStockAndPartnershipUnits
66983000
CY2012 evr Percentage Of Marketable Securities Related To Seed Capital Investments And Mutual Funds
PercentageOfMarketableSecuritiesRelatedToSeedCapitalInvestmentsAndMutualFunds
0.63 pure
CY2012 evr Percentage Of Marketable Securities Related To Corporate And Municipal Bonds And Other Debt Securities
PercentageOfMarketableSecuritiesRelatedToCorporateAndMunicipalBondsAndOtherDebtSecurities
0.37 pure
CY2012 evr Rate Benefits As Limited Liability Company Flow Through
RateBenefitsAsLimitedLiabilityCompanyFlowThrough
-0.069 pure
CY2012 evr Schedule Of Financial Instruments Owned And Pledged As Collateral Securities Purchased Under Agreements To Resell And Securities Sold Under Agreements To Repurchase
ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesSoldUnderAgreementsToRepurchase
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As of December&#xA0;31, 2012 and 2011, a summary of the Company&#x2019;s assets, liabilities and collateral received or pledged related to these transactions is as follows:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="50%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December&#xA0;31, 2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December&#xA0;31, 2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Asset<br /> (Liability)<br /> Balance</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Market&#xA0;Value&#xA0;of<br /> Collateral&#xA0;Received<br /> or (Pledged)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Asset<br /> (Liability)<br /> Balance</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Market&#xA0;Value&#xA0;of<br /> Collateral&#xA0;Received<br /> or (Pledged)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Financial Instruments Owned and Pledged as Collateral at Fair Value</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">120,594</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">127,178</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Securities Purchased Under Agreements to Resell</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,146</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,143</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Total Assets</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">120,594</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">129,324</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Securities Sold Under Agreements to Repurchase</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(120,787</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;(121,029)</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(129,577</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(129,809</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> </table> </div>
CY2012 evr Senior Notes Effective Yield
SeniorNotesEffectiveYield
0.0794 pure
CY2012 evr Securities Average Estimated Maturity Period
SecuritiesAverageEstimatedMaturityPeriod
P2Y8M12D
CY2012 evr Units Purchased Or Converted Into Classa Common Stock Value
UnitsPurchasedOrConvertedIntoClassaCommonStockValue
-6653000
CY2012 evr Percentage Of Likelihood Of Tax Benefit Being Realized
PercentageOfLikelihoodOfTaxBenefitBeingRealized
0.50 pure
CY2012 evr Limited Partnership Units Convertible Conversion Ratio
LimitedPartnershipUnitsConvertibleConversionRatio
1 pure
CY2012 evr Increase In Depreciation And Amortization Of Fixed Assets And Start Up Costs From Acquisition
IncreaseInDepreciationAndAmortizationOfFixedAssetsAndStartUpCostsFromAcquisition
1494000
CY2012 evr Net Revenues Excluding Other Revenue And Interest Expense
NetRevenuesExcludingOtherRevenueAndInterestExpense
648028000
CY2012 evr Minority Interest Net Increase Decrease From Stock Issuance And Distributions To Noncontrolling Interest Holders
MinorityInterestNetIncreaseDecreaseFromStockIssuanceAndDistributionsToNoncontrollingInterestHolders
-43464000
CY2012 evr Additional Lp Units Exchanged By Employees
AdditionalLpUnitsExchangedByEmployees
983000 shares
CY2012 evr Increase Decrease In Fair Value Of Redeemable Noncontrolling Interest
IncreaseDecreaseInFairValueOfRedeemableNoncontrollingInterest
27376000
CY2012 evr Tax Benefits Interest On Income Taxes Associated With Lapse Of Statute Of Limitations
TaxBenefitsInterestOnIncomeTaxesAssociatedWithLapseOfStatuteOfLimitations
-375000
CY2012 evr Tax Benefits Income Tax Penalties Associated With Lapse Of Statute Of Limitations
TaxBenefitsIncomeTaxPenaltiesAssociatedWithLapseOfStatuteOfLimitations
-228000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-411000
CY2011Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3729000
CY2011Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7728000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2011Q1 us-gaap Profit Loss
ProfitLoss
7317000
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CommonStockDividendsPerShareDeclared
0.18
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RevenuesNetOfInterestExpense
107098000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11764000
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EarningsPerShareBasic
0.16
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IncomeLossFromContinuingOperationsPerBasicShare
0.16
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OperatingExpenses
95334000
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IncomeLossFromEquityMethodInvestments
400000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12164000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
3588000
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4436000
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.14
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-361000
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2998000
CY2011Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5620000
CY2011Q2 us-gaap Profit Loss
ProfitLoss
5259000
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CommonStockDividendsPerShareDeclared
0.18
CY2011Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
141204000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11615000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.09
CY2011Q2 us-gaap Operating Expenses
OperatingExpenses
129589000
CY2011Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
69000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11684000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
2261000
CY2011Q2 us-gaap Income Tax Expense Benefit
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