$LAZ
Lazard, Inc.

2016 Q1 Form 10-Q Financial Statement

#000119312516556959 Filed on April 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $510.1M $593.9M
YoY Change -14.11% 8.11%
Cost Of Revenue $25.30M $32.30M
YoY Change -21.67% 2.87%
Gross Profit $484.8M $561.6M
YoY Change -13.68% 8.44%
Gross Profit Margin 95.04% 94.56%
Selling, General & Admin $376.6M $415.9M
YoY Change -9.45% 3.92%
% of Gross Profit 77.68% 74.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.389M $7.876M
YoY Change 6.51% -11.1%
% of Gross Profit 1.73% 1.4%
Operating Expenses $386.4M $486.9M
YoY Change -20.64% 18.52%
Operating Profit $98.38M $74.66M
YoY Change 31.76% -30.34%
Interest Expense $11.90M $16.14M
YoY Change -26.26% 1.15%
% of Operating Profit 12.09% 21.61%
Other Income/Expense, Net $9.164M $69.99M
YoY Change -86.91% 647.88%
Pretax Income $98.40M $74.70M
YoY Change 31.73% -30.32%
Income Tax $27.65M $12.02M
% Of Pretax Income 28.1% 16.09%
Net Earnings $66.82M $55.95M
YoY Change 19.43% -30.79%
Net Earnings / Revenue 13.1% 9.42%
Basic Earnings Per Share $0.53 $0.45
Diluted Earnings Per Share $0.50 $0.42
COMMON SHARES
Basic Shares Outstanding 126.0M 123.7M shares
Diluted Shares Outstanding 132.9M 133.7M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.123B $870.7M
YoY Change 28.97% -13.4%
Cash & Equivalents $701.3M $606.3M
Short-Term Investments
Other Short-Term Assets $34.00M $46.70M
YoY Change -27.19% -27.6%
Inventory
Prepaid Expenses
Receivables $414.5M $457.3M
Other Receivables $100.0M $136.5M
Total Short-Term Assets $1.637B $1.465B
YoY Change 11.81% -4.19%
LONG-TERM ASSETS
Property, Plant & Equipment $206.9M $209.2M
YoY Change -1.13% -13.9%
Goodwill $327.1M $325.0M
YoY Change 0.64% -7.08%
Intangibles
YoY Change
Long-Term Investments $460.3M $486.7M
YoY Change -5.42% 5591.07%
Other Assets $1.126B
YoY Change
Total Long-Term Assets $2.374B $1.363B
YoY Change 74.16% -0.47%
TOTAL ASSETS
Total Short-Term Assets $1.637B $1.465B
Total Long-Term Assets $2.374B $1.363B
Total Assets $4.012B $2.828B
YoY Change 41.87% -2.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $525.4M $377.5M
YoY Change 39.18% 7.83%
Accrued Expenses $234.7M $316.6M
YoY Change -25.87% -6.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $760.1M $722.6M
YoY Change 5.19% 4.44%
LONG-TERM LIABILITIES
Long-Term Debt $998.7M $1.009B
YoY Change -0.97% -5.18%
Other Long-Term Liabilities $1.019B $559.3M
YoY Change 82.21% -4.74%
Total Long-Term Liabilities $2.018B $1.568B
YoY Change 28.7% -5.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $760.1M $722.6M
Total Long-Term Liabilities $2.018B $1.568B
Total Liabilities $2.789B $2.290B
YoY Change 21.76% -2.23%
SHAREHOLDERS EQUITY
Retained Earnings $970.8M $338.2M
YoY Change 187.08% 39.27%
Common Stock $526.3M $509.4M
YoY Change 3.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.165B $473.1M
YoY Change
Total Liabilities & Shareholders Equity $4.012B $2.828B
YoY Change 41.87% -2.43%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $66.82M $55.95M
YoY Change 19.43% -30.79%
Depreciation, Depletion And Amortization $8.389M $7.876M
YoY Change 6.51% -11.1%
Cash From Operating Activities -$99.90M $35.00M
YoY Change -385.43% -34.94%
INVESTING ACTIVITIES
Capital Expenditures $5.454M $4.055M
YoY Change 34.5% 28.61%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.400M -$4.000M
YoY Change 35.0% 37.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $83.14M $82.96M
YoY Change 0.21% -22.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -337.7M -454.0M
YoY Change -25.62% 99.3%
NET CHANGE
Cash From Operating Activities -99.90M 35.00M
Cash From Investing Activities -5.400M -4.000M
Cash From Financing Activities -337.7M -454.0M
Net Change In Cash -443.0M -423.0M
YoY Change 4.73% 139.12%
FREE CASH FLOW
Cash From Operating Activities -$99.90M $35.00M
Capital Expenditures $5.454M $4.055M
Free Cash Flow -$105.4M $30.95M
YoY Change -440.46% -38.9%

Facts In Submission

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