$LAZ
Lazard, Inc.

2019 Q1 Form 10-Q Financial Statement

#000156459019013924 Filed on April 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $661.7M $768.2M
YoY Change -13.87% 20.52%
Cost Of Revenue $46.90M $48.70M
YoY Change -3.7% 62.88%
Gross Profit $614.7M $719.5M
YoY Change -14.57% 18.42%
Gross Profit Margin 92.9% 93.66%
Selling, General & Admin $474.8M $506.6M
YoY Change -6.28% 13.97%
% of Gross Profit 77.24% 70.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.186M $8.234M
YoY Change -0.58% 7.47%
% of Gross Profit 1.33% 1.14%
Operating Expenses $492.1M $533.7M
YoY Change -7.79% 16.71%
Operating Profit $119.7M $185.8M
YoY Change -35.61% 23.72%
Interest Expense $18.00M $13.51M
YoY Change 33.29% -3.22%
% of Operating Profit 15.05% 7.27%
Other Income/Expense, Net $16.81M $26.19M
YoY Change -35.84% 182.95%
Pretax Income $119.7M $185.8M
YoY Change -35.58% 23.7%
Income Tax $23.19M $24.17M
% Of Pretax Income 19.37% 13.01%
Net Earnings $97.04M $159.7M
YoY Change -39.23% 48.48%
Net Earnings / Revenue 14.67% 20.79%
Basic Earnings Per Share $0.87 $1.33
Diluted Earnings Per Share $0.80 $1.21
COMMON SHARES
Basic Shares Outstanding 111.9M 119.9M
Diluted Shares Outstanding 120.8M 132.1M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.189B $1.864B
YoY Change 17.43% 24.45%
Cash & Equivalents $1.011B $962.3M
Short-Term Investments
Other Short-Term Assets $39.30M $38.60M
YoY Change 1.81% 14.54%
Inventory
Prepaid Expenses
Receivables $503.2M $543.8M
Other Receivables $192.2M $130.9M
Total Short-Term Assets $2.884B $2.539B
YoY Change 13.61% 25.35%
LONG-TERM ASSETS
Property, Plant & Equipment $209.6M $213.9M
YoY Change -2.0% 3.78%
Goodwill $372.4M $383.1M
YoY Change -2.81% 0.87%
Intangibles
YoY Change
Long-Term Investments $615.8M $355.0M
YoY Change 73.46% 159809.91%
Other Assets $591.7M $638.4M
YoY Change -7.32% -43.76%
Total Long-Term Assets $2.615B $1.947B
YoY Change 34.36% -17.52%
TOTAL ASSETS
Total Short-Term Assets $2.884B $2.539B
Total Long-Term Assets $2.615B $1.947B
Total Assets $5.499B $4.485B
YoY Change 22.62% 2.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.316B $955.7M
YoY Change 37.69% 52.72%
Accrued Expenses $877.9M $331.7M
YoY Change 164.67% 14.78%
Deferred Revenue
YoY Change
Short-Term Debt $1.800M $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $2.196B $1.287B
YoY Change 70.55% 40.73%
LONG-TERM LIABILITIES
Long-Term Debt $1.759B $1.191B
YoY Change 47.74% -0.43%
Other Long-Term Liabilities $772.2M $941.1M
YoY Change -17.95% -10.58%
Total Long-Term Liabilities $2.532B $2.132B
YoY Change 18.74% -5.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.196B $1.287B
Total Long-Term Liabilities $2.532B $2.132B
Total Liabilities $4.798B $3.489B
YoY Change 37.55% 9.98%
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 $701.2M $996.6M
YoY Change
Total Liabilities & Shareholders Equity $5.500B $4.485B
YoY Change 22.62% 2.28%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $97.04M $159.7M
YoY Change -39.23% 48.48%
Depreciation, Depletion And Amortization $8.186M $8.234M
YoY Change -0.58% 7.47%
Cash From Operating Activities -$161.3M -$38.71M
YoY Change 316.57% -138.98%
INVESTING ACTIVITIES
Capital Expenditures $5.871M $16.16M
YoY Change -63.67% 320.02%
Acquisitions
YoY Change
Other Investing Activities $100.0K $1.200M
YoY Change -91.67% 1100.0%
Cash From Investing Activities -$5.801M -$14.93M
YoY Change -61.14% 303.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $192.1M $145.9M
YoY Change 31.62% 37.63%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 93.57M -586.8M
YoY Change -115.95% 161.96%
NET CHANGE
Cash From Operating Activities -161.3M -38.71M
Cash From Investing Activities -5.801M -14.93M
Cash From Financing Activities 93.57M -586.8M
Net Change In Cash -103.2M -591.0M
YoY Change -82.54% 360.29%
FREE CASH FLOW
Cash From Operating Activities -$161.3M -$38.71M
Capital Expenditures $5.871M $16.16M
Free Cash Flow -$167.1M -$54.87M
YoY Change 204.59% -157.48%

Facts In Submission

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