2012 Q3 Form 10-Q Financial Statement

#000119312512445015 Filed on November 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $449.5M $484.6M
YoY Change -7.25% 1.53%
Cost Of Revenue $33.80M $36.20M
YoY Change -6.63% 0.28%
Gross Profit $415.6M $448.4M
YoY Change -7.31% 1.63%
Gross Profit Margin 92.47% 92.53%
Selling, General & Admin $358.6M $349.6M
YoY Change 2.57% -0.71%
% of Gross Profit 86.28% 77.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.20M $8.100M
YoY Change 25.93% 3.85%
% of Gross Profit 2.45% 1.81%
Operating Expenses $368.9M $360.6M
YoY Change 2.3% -0.3%
Operating Profit $46.73M $87.74M
YoY Change -46.74% 10.36%
Interest Expense $20.66M $22.16M
YoY Change -6.79%
% of Operating Profit 44.21% 25.26%
Other Income/Expense, Net $7.825M $9.374M
YoY Change -16.52%
Pretax Income $46.70M $87.70M
YoY Change -46.75% 10.31%
Income Tax $13.05M $20.61M
% Of Pretax Income 27.95% 23.49%
Net Earnings $33.30M $62.70M
YoY Change -46.89% -2.19%
Net Earnings / Revenue 7.41% 12.94%
Basic Earnings Per Share $0.29 $0.53
Diluted Earnings Per Share $0.26 $0.49
COMMON SHARES
Basic Shares Outstanding 115.6M shares 118.3M shares
Diluted Shares Outstanding 135.4M shares 136.9M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.162B $1.324B
YoY Change -12.27% 25.98%
Cash & Equivalents $832.9M $989.9M
Short-Term Investments
Other Short-Term Assets $61.90M $66.20M
YoY Change -6.5% 171.31%
Inventory
Prepaid Expenses
Receivables $389.3M $439.9M
Other Receivables $95.00M $155.5M
Total Short-Term Assets $1.646B $1.919B
YoY Change -14.25% 15.67%
LONG-TERM ASSETS
Property, Plant & Equipment $216.4M $150.7M
YoY Change 43.6% -2.27%
Goodwill $364.8M $350.9M
YoY Change 3.94%
Intangibles
YoY Change
Long-Term Investments $439.4M $346.9M
YoY Change 26.66% -51.3%
Other Assets
YoY Change
Total Long-Term Assets $1.349B $1.217B
YoY Change 10.85% -16.88%
TOTAL ASSETS
Total Short-Term Assets $1.646B $1.919B
Total Long-Term Assets $1.349B $1.217B
Total Assets $2.995B $3.137B
YoY Change -4.51% 0.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $262.2M $342.7M
YoY Change -23.49% -16.17%
Accrued Expenses $301.2M $250.3M
YoY Change 20.34% -21.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $566.4M $597.1M
YoY Change -5.14% -18.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.095B $1.098B
YoY Change -0.31% -12.03%
Other Long-Term Liabilities $499.7M $523.0M
YoY Change -4.46% 2.73%
Total Long-Term Liabilities $1.595B $1.621B
YoY Change -1.65% -7.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $566.4M $597.1M
Total Long-Term Liabilities $1.595B $1.621B
Total Liabilities $2.161B $2.363B
YoY Change -8.55% -10.32%
SHAREHOLDERS EQUITY
Retained Earnings $270.2M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $713.8M $773.3M
YoY Change
Total Liabilities & Shareholders Equity $2.995B $3.137B
YoY Change -4.51% 0.41%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $33.30M $62.70M
YoY Change -46.89% -2.19%
Depreciation, Depletion And Amortization $10.20M $8.100M
YoY Change 25.93% 3.85%
Cash From Operating Activities $205.3M $266.7M
YoY Change -23.02% 93.26%
INVESTING ACTIVITIES
Capital Expenditures -$22.80M -$11.60M
YoY Change 96.55% 152.17%
Acquisitions
YoY Change
Other Investing Activities $100.0K $200.0K
YoY Change -50.0% -98.94%
Cash From Investing Activities -$22.70M -$11.40M
YoY Change 99.12% -180.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -108.5M -230.2M
YoY Change -52.87% 88.53%
NET CHANGE
Cash From Operating Activities 205.3M 266.7M
Cash From Investing Activities -22.70M -11.40M
Cash From Financing Activities -108.5M -230.2M
Net Change In Cash 74.10M 25.10M
YoY Change 195.22% -16.61%
FREE CASH FLOW
Cash From Operating Activities $205.3M $266.7M
Capital Expenditures -$22.80M -$11.60M
Free Cash Flow $228.1M $278.3M
YoY Change -18.04% 95.16%

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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">The tables below summarize net income (loss) attributable to noncontrolling interests for the three month and nine month periods ended September&#xA0;30, 2012 and 2011 and noncontrolling interests as of September&#xA0;30, 2012 and December 31, 2011 as reflected in the Company&#x2019;s accompanying condensed consolidated financial statements:</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="67%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></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="14" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Net Income (Loss) Attributable To<br /> Noncontrolling Interests</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="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Three&#xA0;Months&#xA0; Ended</b></font><br /> <font style="FONT-FAMILY: Times New Roman" size="1"><b>September&#xA0;30,</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="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Nine Months Ended</b></font><br /> <font style="FONT-FAMILY: Times New Roman" size="1"><b>September&#xA0;30,</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>&#xA0;&#xA0;&#xA0;&#xA0;2012&#xA0;&#xA0;&#xA0;&#xA0;</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>&#xA0;&#xA0;&#xA0;&#xA0;2011&#xA0;&#xA0;&#xA0;&#xA0;</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>&#xA0;&#xA0;&#xA0;&#xA0;2012&#xA0;&#xA0;&#xA0;&#xA0;</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>&#xA0;&#xA0;&#xA0;&#xA0;2011&#xA0;&#xA0;&#xA0;&#xA0;</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">LAZ-MD Holdings</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">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,937</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,209</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">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,956</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">11,955</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Edgewater</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">(1,704</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">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">587</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">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,168</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">7,492</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#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">Other</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">139</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">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(362</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">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">93</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">(475</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 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"> <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"> <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;&#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> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Total</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">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">372</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,434</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">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7,217</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">18,972</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 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"> <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"> <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;&#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> </tr> </table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="77%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></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>Noncontrolling&#xA0;Interests</b></font><br /> <font style="FONT-FAMILY: Times New Roman" size="1"><b>As Of</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>September&#xA0;30,<br /> 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="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December&#xA0;31,</b></font> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 1px" align="center"> <font style="FONT-FAMILY: Times New Roman" size="1"><b>2011</b></font></p> </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">LAZ-MD Holdings</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">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">35,819</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">31,954</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Edgewater</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">82,669</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">91,713</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#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">Other</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><br /></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,511</font><br /></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font><br /></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">17,046</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;&#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> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Total</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">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">119,999</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">140,713</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 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;&#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> </tr> </table> </div>
laz Derivative Liability Amortization
DerivativeLiabilityAmortization
laz Governing Operating Agreement Date
GoverningOperatingAgreementDate
2005-05-10
laz Other Comprehensive Income Adjustments For Items Reclassified To Earnings Arising During Period Net Of Tax
OtherComprehensiveIncomeAdjustmentsForItemsReclassifiedToEarningsArisingDuringPeriodNetOfTax
2444000
laz Other Comprehensive Income Defined Benefit Plans Net Actuarial Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetActuarialGainLossArisingDuringPeriodNetOfTax
-7947000
laz Prepaid Compensation Asset Change In Fair Value
PrepaidCompensationAssetChangeInFairValue
laz Prepaid Compensation Asset Forfeited
PrepaidCompensationAssetForfeited
-1607000
laz Prepaid Compensation Asset Settled
PrepaidCompensationAssetSettled
laz Tax Benefit Expense Associated With Actuary Loss
TaxBenefitExpenseAssociatedWithActuaryLoss
3719000
laz Company Contribution To Uk Pension Plans
CompanyContributionToUKPensionPlans
1577000
laz Share Based Incentive Compensation And Related Tax Benefit Or Expenses
ShareBasedIncentiveCompensationAndRelatedTaxBenefitOrExpenses
-972000
laz Derivative Liability Adjustment To Forfeiture
DerivativeLiabilityAdjustmentToForfeiture
-2202000
laz Prepaid Compensation Asset Adjustment To Forfeiture
PrepaidCompensationAssetAdjustmentToForfeiture
laz Issuance Of Restricted Stock Units In Connection With Dividend Participation Rights
IssuanceOfRestrictedStockUnitsInConnectionWithDividendParticipationRights
479958 shares
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-4111000
CY2011Q3 us-gaap Revenues
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484583000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20605000
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DebtInstrumentExcessOfFairValueOverCarryingValue
61000000
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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25686000
CY2011Q3 us-gaap Profit Loss
ProfitLoss
67133000
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WeightedAverageNumberOfSharesOutstandingBasic
118315944 shares
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OtherIncome
19531000
CY2011Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.235 pure
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-38496000
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-4585000
CY2011Q3 us-gaap Share Based Compensation
ShareBasedCompensation
58933000
CY2011Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1445000
CY2011Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
-1481000
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87738000
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0.53
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-829000
CY2011Q3 us-gaap Asset Management Fees
AssetManagementFees
213276000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
62699000
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
374681000
CY2011Q3 us-gaap Other Expenses
OtherExpenses
9374000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2023000
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EarningsPerShareDiluted
0.49
CY2011Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
20417000
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
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0.160
CY2011Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
264000
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136857956 shares
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42257000
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4434000
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
62785000
CY2011Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1716000
CY2011Q3 us-gaap Occupancy Net
OccupancyNet
24345000
CY2011Q3 us-gaap Professional Fees
ProfessionalFees
11434000
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
45058000
CY2011Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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24876000
CY2011Q3 us-gaap Interest Income Operating
InterestIncomeOperating
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CY2011Q3 us-gaap Interest Expense
InterestExpense
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CY2011Q3 us-gaap Trading Securities Unrealized Holding Loss
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CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-963000
CY2011Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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22532000
CY2011Q3 laz Tax Expense Associated With Adjustment For Item Reclassified To Earnings
TaxExpenseAssociatedWithAdjustmentForItemReclassifiedToEarnings
261000
CY2011Q3 laz Net Revenue
NetRevenue
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CY2011Q3 laz Marketing And Business Development Expense
MarketingAndBusinessDevelopmentExpense
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CY2011Q3 laz Investment Banking And Other Advisory Fees
InvestmentBankingAndOtherAdvisoryFees
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CY2011Q3 laz Other Comprehensive Income Net Actuarial Gains Losses And Prior Service Cost Arising During Period Net Of Tax
OtherComprehensiveIncomeNetActuarialGainsLossesAndPriorServiceCostArisingDuringPeriodNetOfTax
560000
CY2011Q3 laz Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Adjustments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationAdjustments
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CY2011Q3 laz Fund Administration And Outsourced Services
FundAdministrationAndOutsourcedServices
14019000
CY2011Q3 laz Charge Offs Foreign Currency Translation And Other Adjustments
ChargeOffsForeignCurrencyTranslationAndOtherAdjustments
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CY2011Q3 laz Change In Fair Value Of Compensation Liability
ChangeInFairValueOfCompensationLiability
-3961000
CY2011Q3 laz Amortization Grants Of Awards To Retirement Eligible Recipients
AmortizationGrantsOfAwardsToRetirementEligibleRecipients
2480000
CY2011Q3 laz Tax Benefit Expense Associated With Actuary Loss
TaxBenefitExpenseAssociatedWithActuaryLoss
2402000
CY2011Q3 laz Sale Or Disposition Of Private Equity Investments
SaleOrDispositionOfPrivateEquityInvestments
42800000
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
2945000
CY2012Q3 us-gaap Profit Loss
ProfitLoss
33673000
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2012Q3 us-gaap Other Income
OtherIncome
15602000
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.279 pure
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14306000
CY2012Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2012Q3 us-gaap Provision For Doubtful Accounts
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CY2012Q3 us-gaap Employee Benefits And Share Based Compensation
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14354000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
46726000
CY2012Q3 us-gaap Earnings Per Share Basic
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0.29
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CY2012Q3 us-gaap Asset Management Fees
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CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
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CY2012Q3 us-gaap Other Expenses
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CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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1086000
CY2012Q3 us-gaap Earnings Per Share Diluted
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0.26
CY2012Q3 us-gaap Information Technology And Data Processing
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21474000
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
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0.200
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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264000
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2012Q3 us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
4081000
CY2012Q3 us-gaap Revenues
Revenues
449464000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13053000
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
372000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33304000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2494000
CY2012Q3 us-gaap Occupancy Net
OccupancyNet
25680000
CY2012Q3 us-gaap Professional Fees
ProfessionalFees
8514000
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
1547000
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2012Q3 us-gaap Interest Income Operating
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733000
CY2012Q3 us-gaap Interest Expense
InterestExpense
20658000
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46067000
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-504000
CY2012Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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-15576000
CY2012Q3 laz Tax Expense Associated With Adjustment For Item Reclassified To Earnings
TaxExpenseAssociatedWithAdjustmentForItemReclassifiedToEarnings
278000
CY2012Q3 laz Net Revenue
NetRevenue
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CY2012Q3 laz Marketing And Business Development Expense
MarketingAndBusinessDevelopmentExpense
19096000
CY2012Q3 laz Investment Banking And Other Advisory Fees
InvestmentBankingAndOtherAdvisoryFees
218262000
CY2012Q3 laz Other Comprehensive Income Net Actuarial Gains Losses And Prior Service Cost Arising During Period Net Of Tax
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803000
CY2012Q3 laz Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Adjustments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationAdjustments
1133000
CY2012Q3 laz Fund Administration And Outsourced Services
FundAdministrationAndOutsourcedServices
13179000
CY2012Q3 laz Charge Offs Foreign Currency Translation And Other Adjustments
ChargeOffsForeignCurrencyTranslationAndOtherAdjustments
15000
CY2012Q3 laz Change In Fair Value Of Compensation Liability
ChangeInFairValueOfCompensationLiability
4728000
CY2012Q3 laz Amortization Grants Of Awards To Retirement Eligible Recipients
AmortizationGrantsOfAwardsToRetirementEligibleRecipients
9626000
CY2012Q3 laz Tax Benefit Expense Associated With Actuary Loss
TaxBenefitExpenseAssociatedWithActuaryLoss
994000

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