$LAZ
Lazard, Inc. Stock $laz

$laz Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000156459017020405 Filed on October 31, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$624.9M	$608.9M
YoY Change	2.62%	4.03%
Cost Of Revenue	$31.60M	$29.30M
YoY Change	7.85%	11.83%
Gross Profit	$606.5M	$591.8M
YoY Change	2.48%	5.83%
Gross Profit Margin	97.06%	97.19%
Selling, General & Admin	$453.1M	$432.7M
YoY Change	4.71%	-1981.3%
% of Gross Profit	74.71%	73.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.000M	$8.800M
YoY Change	-9.09%	-1.12%
% of Gross Profit	1.32%	1.49%
Operating Expenses	$462.3M	$442.8M
YoY Change	4.4%	-3917.24%
Operating Profit	$144.2M	$149.0M
YoY Change	-3.21%	-73.9%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net		$9.251M
YoY Change		-15.28%
Pretax Income	$144.2M	$149.0M
YoY Change	-3.22%	-73.89%
Income Tax	$32.70M	$36.37M
% Of Pretax Income	22.68%	24.41%
Net Earnings	$109.2M	$112.5M
YoY Change	-2.96%	-71.76%
Net Earnings / Revenue	17.48%	18.48%
Basic Earnings Per Share	$0.90	$0.90
Diluted Earnings Per Share	$0.82	$0.85
COMMON SHARES
Basic Shares Outstanding	129.8M	124.4M
Diluted Shares Outstanding		132.3M

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.942B	$1.424B
YoY Change	36.38%	21.56%
Cash & Equivalents	$1.942B	$1.424B
Short-Term Investments
Other Short-Term Assets	$35.40M	$35.20M
YoY Change	0.57%	0.86%
Inventory
Prepaid Expenses
Receivables	$451.2M	$440.8M
Other Receivables	$100.7M	$96.90M
Total Short-Term Assets	$2.494B	$1.962B
YoY Change	27.13%	17.19%
LONG-TERM ASSETS
Property, Plant & Equipment	$200.8M	$204.3M
YoY Change	-1.71%	-2.63%
Goodwill	$385.5M	$346.0M
YoY Change	11.4%	9.17%
Intangibles
YoY Change
Long-Term Investments	$222.0K	$462.8M
YoY Change	-99.95%	-19.54%
Other Assets	$1.100B	$1.107B
YoY Change	-0.64%	-0.55%
Total Long-Term Assets	$2.343B	$2.341B
YoY Change	0.08%	-5.4%
TOTAL ASSETS
Total Short-Term Assets	$2.494B	$1.962B
Total Long-Term Assets	$2.343B	$2.341B
Total Assets	$4.836B	$4.302B
YoY Change	12.41%	3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$702.0M	$587.1M
YoY Change	19.57%	46.85%
Accrued Expenses	$490.8M	$375.5M
YoY Change	30.71%	-17.65%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.193B	$962.6M
YoY Change	23.91%	12.48%
LONG-TERM LIABILITIES
Long-Term Debt	$1.190B	$998.5M
YoY Change	19.17%	-0.94%
Other Long-Term Liabilities	$1.081B	$1.031B
YoY Change	4.86%	-3.88%
Total Long-Term Liabilities	$2.271B	$2.029B
YoY Change	11.9%	-2.46%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.193B	$962.6M
Total Long-Term Liabilities	$2.271B	$2.029B
Total Liabilities	$3.529B	$3.059B
YoY Change	15.34%	4.19%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.308B	$1.243B
YoY Change
Total Liabilities & Shareholders Equity	$4.836B	$4.302B
YoY Change	12.41%	3.72%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$109.2M	$112.5M
YoY Change	-2.96%	-71.76%
Depreciation, Depletion And Amortization	$8.000M	$8.800M
YoY Change	-9.09%	-1.12%
Cash From Operating Activities	$332.8M	$280.8M
YoY Change	18.52%	-8.86%
INVESTING ACTIVITIES
Capital Expenditures	-$6.100M	-$11.00M
YoY Change	-44.55%	115.69%
Acquisitions
YoY Change
Other Investing Activities	$100.0K	$700.0K
YoY Change	-85.71%	250.0%
Cash From Investing Activities	-$6.000M	-$10.20M
YoY Change	-41.18%	108.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-168.7M	-61.70M
YoY Change	173.42%	-54.57%
NET CHANGE
Cash From Operating Activities	332.8M	280.8M
Cash From Investing Activities	-6.000M	-10.20M
Cash From Financing Activities	-168.7M	-61.70M
Net Change In Cash	158.1M	208.9M
YoY Change	-24.32%	24.79%
FREE CASH FLOW
Cash From Operating Activities	$332.8M	$280.8M
Capital Expenditures	-$6.100M	-$11.00M
Free Cash Flow	$338.9M	$291.8M
YoY Change	16.14%	-6.83%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
	laz	Delivery Of Shares From Treasury Stock During The Period Net Of Tax On Share Based Compensation DeliveryOfSharesFromTreasuryStockDuringThePeriodNetOfTaxOnShareBasedCompensation	48662000
	laz	Stock Issued Issuable During Period Value Business Acquisitions Mergers And Amortization StockIssuedIssuableDuringPeriodValueBusinessAcquisitionsMergersAndAmortization	6313000
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	873000
	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	9559000
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1301142000
	laz	Tax Benefit Expense From Stock Issued In Connection With Sharebased Incentive Compensation TaxBenefitExpenseFromStockIssuedInConnectionWithSharebasedIncentiveCompensation	6900000
	laz	Tax Benefit Expense On Stock Issued During Period Acquisitions TaxBenefitExpenseOnStockIssuedDuringPeriodAcquisitions	12653000
	laz	Delivery Of Shares From Treasury Stock During The Period Net Of Tax On Share Based Compensation DeliveryOfSharesFromTreasuryStockDuringThePeriodNetOfTaxOnShareBasedCompensation	72203000
	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	1437000
	laz	Stock Issued Issuable During Period Value Business Acquisitions Mergers And Amortization StockIssuedIssuableDuringPeriodValueBusinessAcquisitionsMergersAndAmortization	363000
	laz	Tax Benefit Expense From Stock Issued In Connection With Sharebased Incentive Compensation TaxBenefitExpenseFromStockIssuedInConnectionWithSharebasedIncentiveCompensation	-4819000
	laz	Tax Benefit Expense On Stock Issued During Period Acquisitions TaxBenefitExpenseOnStockIssuedDuringPeriodAcquisitions	832000
	laz	Governing Operating Agreement Date GoverningOperatingAgreementDate	2015-10-26
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	25094000
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	12882000
CY2017Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	4753000
CY2016Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1545000
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	18584000
CY2017Q3	laz	Allowance For Doubtful Accounts Receivable Charge Offs Foreign Currency Translation And Other Adjustments AllowanceForDoubtfulAccountsReceivableChargeOffsForeignCurrencyTranslationAndOtherAdjustments	2383000
	laz	Allowance For Doubtful Accounts Receivable Charge Offs Foreign Currency Translation And Other Adjustments AllowanceForDoubtfulAccountsReceivableChargeOffsForeignCurrencyTranslationAndOtherAdjustments	4039000
CY2017Q3	laz	Receivable Deemed Past Due Or Uncollectible ReceivableDeemedPastDueOrUncollectible	44372000
CY2016Q4	laz	Receivable Deemed Past Due Or Uncollectible ReceivableDeemedPastDueOrUncollectible	22212000
CY2017Q3	laz	Interest Bearing Financing Fee Receivables InterestBearingFinancingFeeReceivables	64965000
CY2016Q4	laz	Interest Bearing Financing Fee Receivables InterestBearingFinancingFeeReceivables	76133000
CY2017Q3	laz	Aggregate Carrying Amount Noninterest Bearing Trade Receivables AggregateCarryingAmountNoninterestBearingTradeReceivables	486923000
CY2016Q4	laz	Aggregate Carrying Amount Noninterest Bearing Trade Receivables AggregateCarryingAmountNoninterestBearingTradeReceivables	562149000
CY2017Q3	us-gaap	Equity Method Investments EquityMethodInvestments	222000
CY2016Q4	us-gaap	Equity Method Investments EquityMethodInvestments	222000
CY2017Q3	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	426174000
CY2016Q4	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	458744000
CY2017Q3	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	5921000
CY2016Q4	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	4482000
CY2016Q3	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	9047000
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	27932000
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	15221000
CY2017Q3	us-gaap	Derivative Assets DerivativeAssets	3443000
CY2017Q3	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	429617000
CY2017Q3	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	24927000
CY2017Q3	us-gaap	Derivative Liabilities DerivativeLiabilities	189142000
CY2017Q3	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	219990000
CY2016Q4	us-gaap	Derivative Assets DerivativeAssets	1993000
CY2016Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	22608000
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	0
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	612000
CY2016Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	209313000
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	1661000
CY2017Q3	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationAdjustments	6000
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	1547000
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	0
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales	0
CY2017Q3	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationAdjustments	0
CY2017Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	24927000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	4000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	1661000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	1669000
	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationAdjustments	43000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	-2568000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	0
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales	249000
	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationAdjustments	0
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	2000
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	0
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	0
CY2016Q3	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationAdjustments	21000
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	1321000
CY2016Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	0
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	-28000
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	17000000
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales	0
CY2016Q3	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationAdjustments	0
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	17028000
CY2015Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	1276000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	12000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	0
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	0
	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationAdjustments	33000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	-28000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	17000000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales	0
	laz	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Currency Translation Adjustments FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationAdjustments	0
	laz	Fair Value Transfers Between Level One Level Two And Level Three Amount FairValueTransfersBetweenLevelOneLevelTwoAndLevelThreeAmount	0
CY2017Q3	us-gaap	Alternative Investments Fair Value Disclosure AlternativeInvestmentsFairValueDisclosure	86151000
CY2017Q3	us-gaap	Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments	10085000
CY2016Q4	us-gaap	Alternative Investments Fair Value Disclosure AlternativeInvestmentsFairValueDisclosure	129591000
CY2016Q4	us-gaap	Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments	9183000
CY2017Q3	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-11756000
CY2016Q3	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-12532000
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-39002000
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-18646000
CY2017Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	515517000
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	495022000
CY2016Q4	us-gaap	Goodwill Goodwill	373117000
CY2017Q3	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	6582000
CY2016Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	8907000
CY2015Q4	us-gaap	Goodwill Goodwill	320761000
	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	20377000
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	12369000
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	4906000
CY2016Q3	us-gaap	Goodwill Goodwill	346044000
CY2017Q3	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	69192000
CY2016Q4	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	68987000
CY2017Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	784000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2435000
CY2016Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	835000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1809000
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	494000
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	5953000
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	79000
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	56000
CY2017Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6582000
	laz	Percentage Of Intangible Asset Amortization Attributable To Noncontrolling Interests PercentageOfIntangibleAssetAmortizationAttributableToNoncontrollingInterests	0.32
CY2017Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1200000000
CY2017Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	10064000
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11400000
CY2017Q3	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	2948000
CY2017Q3	laz	Guarantor Obligations Collateral Held GuarantorObligationsCollateralHeld	2948000
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	6656250
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	5838520
	laz	Average Price Per Common Share AveragePricePerCommonShare	34.38
	laz	Average Price Per Common Share AveragePricePerCommonShare	43.25
CY2017Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	15033000
CY2017Q3	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-1081000
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-3523000
CY2016Q3	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-192000
CY2016Q3	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-1134000
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-5173000
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-3441000
CY2016Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	57819000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	220648000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	213144000
	laz	Issuance Of Restricted Stock Units In Connection With Dividend Participation Rights IssuanceOfRestrictedStockUnitsInConnectionWithDividendParticipationRights	866914
	laz	Issuance Of Restricted Stock Units In Connection With Dividend Participation Rights IssuanceOfRestrictedStockUnitsInConnectionWithDividendParticipationRights	969054
	laz	Charge To Retained Earnings Pertaining To Issuance Of Restricted Stock Units In Connection With Participation Rights ChargeToRetainedEarningsPertainingToIssuanceOfRestrictedStockUnitsInConnectionWithParticipationRights	36482000
	laz	Charge To Retained Earnings Pertaining To Issuance Of Restricted Stock Units In Connection With Participation Rights ChargeToRetainedEarningsPertainingToIssuanceOfRestrictedStockUnitsInConnectionWithParticipationRights	32849000
	laz	Prepaid Compensation Asset Granted PrepaidCompensationAssetGranted	77580000
	laz	Prepaid Compensation Asset Forfeited PrepaidCompensationAssetForfeited	866000
	laz	Prepaid Compensation Asset Amortization PrepaidCompensationAssetAmortization	52702000
	laz	Prepaid Compensation Asset Foreign Currency Translation And Other Adjustments PrepaidCompensationAssetForeignCurrencyTranslationAndOtherAdjustments	1515000
CY2017Q3	laz	Prepaid Compensation Asset PrepaidCompensationAsset	75177000
CY2016Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	170388000
	laz	Derivative Liability Granted DerivativeLiabilityGranted	77580000
	laz	Derivative Liability Settled DerivativeLiabilitySettled	95718000
	laz	Derivative Liability Forfeited DerivativeLiabilityForfeited	1647000
	laz	Derivative Liability Change In Fair Value DerivativeLiabilityChangeInFairValue	17981000
	laz	Derivative Liability Adjustment To Forfeiture DerivativeLiabilityAdjustmentToForfeiture	5333000
	laz	Derivative Liability Foreign Currency Translation And Other Adjustments DerivativeLiabilityForeignCurrencyTranslationAndOtherAdjustments	1833000
CY2017Q3	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	175750000
CY2015Q4	laz	Prepaid Compensation Asset PrepaidCompensationAsset	75703000
	laz	Prepaid Compensation Asset Granted PrepaidCompensationAssetGranted	51871000
	laz	Prepaid Compensation Asset Forfeited PrepaidCompensationAssetForfeited	1967000
	laz	Prepaid Compensation Asset Amortization PrepaidCompensationAssetAmortization	56784000
	laz	Prepaid Compensation Asset Foreign Currency Translation And Other Adjustments PrepaidCompensationAssetForeignCurrencyTranslationAndOtherAdjustments	-1232000
CY2016Q3	laz	Prepaid Compensation Asset PrepaidCompensationAsset	67591000
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	193574000
	laz	Derivative Liability Granted DerivativeLiabilityGranted	51871000
	laz	Derivative Liability Settled DerivativeLiabilitySettled	75583000
	laz	Derivative Liability Forfeited DerivativeLiabilityForfeited	3435000
	laz	Derivative Liability Change In Fair Value DerivativeLiabilityChangeInFairValue	4707000
	laz	Derivative Liability Adjustment To Forfeiture DerivativeLiabilityAdjustmentToForfeiture	3551000
	laz	Derivative Liability Foreign Currency Translation And Other Adjustments DerivativeLiabilityForeignCurrencyTranslationAndOtherAdjustments	585000
CY2016Q3	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	175270000
CY2017Q3	laz	Amortization Of Awarded Grants Net Of Forfeitures AmortizationOfAwardedGrantsNetOfForfeitures	15961000
CY2016Q3	laz	Amortization Of Awarded Grants Net Of Forfeitures AmortizationOfAwardedGrantsNetOfForfeitures	18116000
	laz	Amortization Of Awarded Grants Net Of Forfeitures AmortizationOfAwardedGrantsNetOfForfeitures	57254000
	laz	Amortization Of Awarded Grants Net Of Forfeitures AmortizationOfAwardedGrantsNetOfForfeitures	58867000
CY2017Q3	laz	Compensation Expense Related To Change In Fair Value Of Underlying Investments CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments	4875000
CY2016Q3	laz	Compensation Expense Related To Change In Fair Value Of Underlying Investments CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments	6909000
	laz	Compensation Expense Related To Change In Fair Value Of Underlying Investments CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments	17981000
	laz	Compensation Expense Related To Change In Fair Value Of Underlying Investments CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments	4707000
CY2017Q3	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	20836000
CY2016Q3	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	25025000
	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	75235000
	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	63574000
CY2017Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.227
CY2016Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.244
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.266
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.266
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	109210000
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	112536000
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	337141000
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	259716000
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	109210000
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	112536000
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	337141000
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	259716000
CY2017Q3	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	120987607
CY2016Q3	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	124296449
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	121868223
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	125218272
CY2017Q3	laz	Weighted Average Number Of Shares Non Contingently Issuable Adjustment WeightedAverageNumberOfSharesNonContingentlyIssuableAdjustment	255991
CY2016Q3	laz	Weighted Average Number Of Shares Non Contingently Issuable Adjustment WeightedAverageNumberOfSharesNonContingentlyIssuableAdjustment	112435
	laz	Weighted Average Number Of Shares Non Contingently Issuable Adjustment WeightedAverageNumberOfSharesNonContingentlyIssuableAdjustment	274080
	laz	Weighted Average Number Of Shares Non Contingently Issuable Adjustment WeightedAverageNumberOfSharesNonContingentlyIssuableAdjustment	85486
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	11150066
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	7911971
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	10265248
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	7214129

Files In Submission

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0001564590-17-020405-index.html	Edgar Link	pending
0001564590-17-020405.txt	Edgar Link	pending
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$LAZ
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2017 Q3 Form 10-Q Financial Statement

#000156459017020405 Filed on October 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAZ Lazard, Inc. Stock $laz

2017 Q3 Form 10-Q Financial Statement

#000156459017020405 Filed on October 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAZ
Lazard, Inc. Stock $laz