$MC
Moelis & Co

2024 Q3 Form 10-Q Financial Statement

#000095017024116726 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $273.8M
YoY Change 0.58%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $248.2M
YoY Change -12.31%
% of Gross Profit
Research & Development $12.87M
YoY Change 9.95%
% of Gross Profit
Depreciation & Amortization $2.802M
YoY Change 40.1%
% of Gross Profit
Operating Expenses $258.2M
YoY Change -11.64%
Operating Profit $15.56M
YoY Change -177.72%
Interest Expense $1.411M
YoY Change 28.27%
% of Operating Profit 9.07%
Other Income/Expense, Net $11.10M
YoY Change 11.59%
Pretax Income $26.66M
YoY Change -364.4%
Income Tax $7.419M
% Of Pretax Income 27.83%
Net Earnings $19.24M
YoY Change -269.23%
Net Earnings / Revenue 7.03%
Basic Earnings Per Share
Diluted Earnings Per Share $0.22
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.3M
YoY Change -1.47%
Cash & Equivalents $145.3M
Short-Term Investments
Other Short-Term Assets $31.43M
YoY Change -2.38%
Inventory
Prepaid Expenses
Receivables $57.77M
Other Receivables $30.24M
Total Short-Term Assets $264.8M
YoY Change 17.05%
LONG-TERM ASSETS
Property, Plant & Equipment $65.97M
YoY Change 5.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $188.3M
YoY Change -4.75%
Other Assets $465.8M
YoY Change 1.48%
Total Long-Term Assets $888.3M
YoY Change -0.67%
TOTAL ASSETS
Total Short-Term Assets $264.8M
Total Long-Term Assets $888.3M
Total Assets $1.153B
YoY Change 2.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.79M
YoY Change -0.39%
Accrued Expenses $425.4M
YoY Change 5.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $453.2M
YoY Change 5.06%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $304.7M
YoY Change -1.38%
Total Long-Term Liabilities $304.7M
YoY Change -1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $453.2M
Total Long-Term Liabilities $304.7M
Total Liabilities $758.0M
YoY Change 2.37%
SHAREHOLDERS EQUITY
Retained Earnings -$862.1M
YoY Change 20.28%
Common Stock $1.691B
YoY Change 10.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $367.5M
YoY Change
Total Liabilities & Shareholders Equity $1.153B
YoY Change 2.91%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $19.24M
YoY Change -269.23%
Depreciation, Depletion And Amortization $2.802M
YoY Change 40.1%
Cash From Operating Activities $137.2M
YoY Change -2.08%
INVESTING ACTIVITIES
Capital Expenditures $2.077M
YoY Change -55.81%
Acquisitions
YoY Change
Other Investing Activities -$93.26M
YoY Change -9.72%
Cash From Investing Activities -$95.34M
YoY Change -11.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.59M
YoY Change 7.26%
NET CHANGE
Cash From Operating Activities 137.2M
Cash From Investing Activities -95.34M
Cash From Financing Activities -48.59M
Net Change In Cash -6.746M
YoY Change -48.89%
FREE CASH FLOW
Cash From Operating Activities $137.2M
Capital Expenditures $2.077M
Free Cash Flow $135.1M
YoY Change -0.22%

Facts In Submission

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PaymentForTreasuryStockPurchases
45519000
mc Payments Under Tax Receivable Agreement
PaymentsUnderTaxReceivableAgreement
20103000
mc Payments Under Tax Receivable Agreement
PaymentsUnderTaxReceivableAgreement
0
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-15000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-168144000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-183015000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1427000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
555000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-41150000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-59321000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187215000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207539000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146065000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148218000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2283000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2317000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1804000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
308000
mc Dividend Equivalents Issued
DividendEquivalentsIssued
14491000
mc Dividend Equivalents Issued
DividendEquivalentsIssued
16684000
mc Non Cash Settlement Of Accounts Receivable
NonCashSettlementOfAccountsReceivable
261000
mc Non Cash Settlement Of Accounts Receivable
NonCashSettlementOfAccountsReceivable
0
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
164000
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
82000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
362462000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
17485000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
59978000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-779000
CY2024Q1 mc Dividend Reinvested In Rsu And Tax Distributions
DividendReinvestedInRSUAndTaxDistributions
-39263000
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8394000
CY2024Q1 mc Issuance Of Partnership Units Or Other Equity Converted Into Common Stock Value
IssuanceOfPartnershipUnitsOrOtherEquityConvertedIntoCommonStockValue
1047000
CY2024Q1 mc Equity Based Contributions To External Parties
EquityBasedContributionsToExternalParties
307000
CY2024Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
82000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
392761000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
14921000
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
25957000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
504000
CY2024Q2 mc Dividend Reinvested In Rsu And Tax Distributions
DividendReinvestedInRSUAndTaxDistributions
-49704000
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
332000
CY2024Q2 mc Issuance Of Partnership Units Or Other Equity Converted Into Common Stock Value
IssuanceOfPartnershipUnitsOrOtherEquityConvertedIntoCommonStockValue
45000
CY2024Q2 mc Equity Based Contributions To External Parties
EquityBasedContributionsToExternalParties
299000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
384451000
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19240000
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
36803000
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2263000
CY2024Q3 mc Dividend Reinvested In Rsu And Tax Distributions
DividendReinvestedInRSUAndTaxDistributions
-47564000
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1025000
CY2024Q3 mc Issuance Of Partnership Units Or Other Equity Converted Into Common Stock Value
IssuanceOfPartnershipUnitsOrOtherEquityConvertedIntoCommonStockValue
712000
CY2024Q3 mc Equity Based Contributions To External Parties
EquityBasedContributionsToExternalParties
303000
CY2024Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
82000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
395101000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
458938000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
3563000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
59638000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
284000
CY2023Q1 mc Dividend Reinvested In Rsu And Tax Distributions
DividendReinvestedInRSUAndTaxDistributions
-46031000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
44526000
CY2023Q1 mc Issuance Of Partnership Units Or Other Equity Converted Into Common Stock Value
IssuanceOfPartnershipUnitsOrOtherEquityConvertedIntoCommonStockValue
226000
CY2023Q1 mc Equity Based Contributions To External Parties
EquityBasedContributionsToExternalParties
18000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432110000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-13246000
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
33581000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
305000
CY2023Q2 mc Dividend Reinvested In Rsu And Tax Distributions
DividendReinvestedInRSUAndTaxDistributions
-46922000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
230000
CY2023Q2 mc Issuance Of Partnership Units Or Other Equity Converted Into Common Stock Value
IssuanceOfPartnershipUnitsOrOtherEquityConvertedIntoCommonStockValue
76000
CY2023Q2 mc Equity Based Contributions To External Parties
EquityBasedContributionsToExternalParties
15000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
405689000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-11369000
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
31975000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-838000
CY2023Q3 mc Dividend Reinvested In Rsu And Tax Distributions
DividendReinvestedInRSUAndTaxDistributions
-44528000
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
763000
CY2023Q3 mc Issuance Of Partnership Units Or Other Equity Converted Into Common Stock Value
IssuanceOfPartnershipUnitsOrOtherEquityConvertedIntoCommonStockValue
6000
CY2023Q3 mc Equity Based Contributions To External Parties
EquityBasedContributionsToExternalParties
16000
CY2023Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
97000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
380091000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:36pt;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> — The preparation of condensed consolidated financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and could have a material impact on the condensed consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period in which they are determined to be necessary.</span></p><p style="text-indent:36pt;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">In preparing the condensed consolidated financial statements, management makes estimates and assumptions regarding:</span></p><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:10pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">the adequacy of the allowance for credit losses;</span></div></div><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:10pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">the assessment of whether revenues from variable consideration should be constrained due to the probability of a significant revenue reversal;</span></div></div><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:10pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">the assessment of probable lease terms and the measurement of the present value of such obligations;</span></div></div><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:10pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">the assessment of long-lived assets for impairment and measurement of impairment, if applicable;</span></div></div><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">the measurement and realization of deferred taxes;</span></div></div><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">the measurement of amount due pursuant to tax receivable agreement; and</span></div></div><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> </span></p><div class="item-list-element-wrapper" style="margin-left:0.5in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.5in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:6.666666666666667%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">other matters that affect the reported amounts and disclosures of contingencies in the condensed consolidated financial statements.</span></div></div>
CY2024Q3 us-gaap Cash
Cash
45120000
CY2023Q3 us-gaap Cash
Cash
22974000
CY2024Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
100212000
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
124478000
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
733000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
766000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146065000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148218000
CY2023Q4 us-gaap Cash
Cash
49054000
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
137363000
CY2024Q3 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
1988000
CY2023Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
4422000
CY2024Q3 mc Interest Income From Long Term Receivables
InterestIncomeFromLongTermReceivables
18000
CY2023Q3 mc Interest Income From Long Term Receivables
InterestIncomeFromLongTermReceivables
45000
mc Interest Income From Long Term Receivables
InterestIncomeFromLongTermReceivables
73000
mc Interest Income From Long Term Receivables
InterestIncomeFromLongTermReceivables
168000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2286000
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1768000
CY2024Q3 mc Charge Offs Foreign Currency Translation And Other Adjustments
ChargeOffsForeignCurrencyTranslationAndOtherAdjustments
-193000
CY2023Q3 mc Charge Offs Foreign Currency Translation And Other Adjustments
ChargeOffsForeignCurrencyTranslationAndOtherAdjustments
-892000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
832000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
637000
CY2024Q3 mc Provision For Doubtful Accounts Excluding Recoveries
ProvisionForDoubtfulAccountsExcludingRecoveries
799000
CY2023Q3 mc Provision For Doubtful Accounts Excluding Recoveries
ProvisionForDoubtfulAccountsExcludingRecoveries
1315000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2060000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1554000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1263000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1729000
mc Charge Offs Foreign Currency Translation And Other Adjustments
ChargeOffsForeignCurrencyTranslationAndOtherAdjustments
-837000
mc Charge Offs Foreign Currency Translation And Other Adjustments
ChargeOffsForeignCurrencyTranslationAndOtherAdjustments
-895000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2389000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1989000
mc Provision For Doubtful Accounts Excluding Recoveries
ProvisionForDoubtfulAccountsExcludingRecoveries
4023000
mc Provision For Doubtful Accounts Excluding Recoveries
ProvisionForDoubtfulAccountsExcludingRecoveries
2709000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2060000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1554000
mc Tax Receivable Agreement Payment Percentage Of Cash Savings Realized To Eligible Managing Directors
TaxReceivableAgreementPaymentPercentageOfCashSavingsRealizedToEligibleManagingDirectors
0.85
mc Tax Receivable Agreement Payment Percentage Of Cash Savings Realized By Reporting Entity
TaxReceivableAgreementPaymentPercentageOfCashSavingsRealizedByReportingEntity
0.15
mc Equity Based Compensation Minimum Age Of Retiring Employee To Not Forfeit Certain Qualifying Awards Granted
EquityBasedCompensationMinimumAgeOfRetiringEmployeeToNotForfeitCertainQualifyingAwardsGranted
P56Y
mc Equity Based Compensation Minimum Consecutive Periods Of Service Of Retiring Employee To Not Forfeit Certain Qualifying Awards Granted
EquityBasedCompensationMinimumConsecutivePeriodsOfServiceOfRetiringEmployeeToNotForfeitCertainQualifyingAwardsGranted
P5Y
mc Equity Based Compensation Minimum Age And Consecutive Period Of Service Of Retiring Employees To Not Forfeit Awards Granted
EquityBasedCompensationMinimumAgeAndConsecutivePeriodOfServiceOfRetiringEmployeesToNotForfeitAwardsGranted
P65Y
CY2024Q3 mc Unrecognized Tax Benefit
UnrecognizedTaxBenefit
0
CY2023Q3 mc Unrecognized Tax Benefit
UnrecognizedTaxBenefit
0
mc Unrecognized Tax Benefit
UnrecognizedTaxBenefit
0
mc Unrecognized Tax Benefit
UnrecognizedTaxBenefit
0
CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
115037000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
106698000
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49065000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
42895000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
65972000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63803000
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2802000
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2014000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7611000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
6023000
CY2024Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
150904000
CY2023Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
160125000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36803000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31975000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
122738000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
125194000
mc Share Based Compensation Arrangement By Share Based Payment Award Partnership Units Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPartnershipUnitsGrantsInPeriod
415753
mc Share Based Compensation Arrangement By Share Based Payment Award Partnership Units Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPartnershipUnitsGrantsInPeriod
482941
mc Share Based Compensation Arrangement By Share Based Payment Award Partnership Units Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardPartnershipUnitsGrantDateFairValue
20914000
mc Share Based Compensation Arrangement By Share Based Payment Award Partnership Units Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardPartnershipUnitsGrantDateFairValue
20037000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
181718
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1078130
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9751000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
45519000
CY2024Q3 mc Partners Capital Account Units Held By Noncontrolling Interest Holders
PartnersCapitalAccountUnitsHeldByNoncontrollingInterestHolders
6096785
CY2023Q4 mc Partners Capital Account Units Held By Noncontrolling Interest Holders
PartnersCapitalAccountUnitsHeldByNoncontrollingInterestHolders
6286001
CY2024Q3 srt Alternative Net Capital Requirement1
AlternativeNetCapitalRequirement1
250000
CY2024Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
4430000
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
6370000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
6473000
us-gaap Operating Lease Cost
OperatingLeaseCost
18743000
us-gaap Operating Lease Cost
OperatingLeaseCost
18212000
CY2024Q3 mc Net Operating Cash Inflows Outflows For Operating Leases
NetOperatingCashInflowsOutflowsForOperatingLeases
-6910000
CY2023Q3 mc Net Operating Cash Inflows Outflows For Operating Leases
NetOperatingCashInflowsOutflowsForOperatingLeases
-4520000
mc Net Operating Cash Inflows Outflows For Operating Leases
NetOperatingCashInflowsOutflowsForOperatingLeases
-19090000
mc Net Operating Cash Inflows Outflows For Operating Leases
NetOperatingCashInflowsOutflowsForOperatingLeases
-16934000
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7106000
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18441000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8669000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
35409000
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M19D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M2D
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M19D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M2D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0403
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0397
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0403
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0397
us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
482000
us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
1573000
CY2024Q3 mc Lessee Operating Sublease Future Income Remainder Of Fiscal Year
LesseeOperatingSubleaseFutureIncomeRemainderOfFiscalYear
-224000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5150000
CY2024Q3 mc Lessee Operating Sublease Future Income Next Twelve Months
LesseeOperatingSubleaseFutureIncomeNextTwelveMonths
-447000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
25446000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
23989000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
23093000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
22864000
CY2024Q3 mc Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
164723000
CY2024Q3 mc Lessee Operating Sublease Future Income
LesseeOperatingSubleaseFutureIncome
-671000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
265265000
CY2024Q3 mc Lessee Operating Leases Liability Tenant Improvement Allowances
LesseeOperatingLeasesLiabilityTenantImprovementAllowances
538000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
53301000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
211426000
CY2024Q3 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
6000000
mc Defined Contribution Plan Minimum Age Required To Be Eligible To Participate In Plan
DefinedContributionPlanMinimumAgeRequiredToBeEligibleToParticipateInPlan
P21Y
CY2024Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1074000
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1011000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3187000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2808000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7419000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1286000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6820000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3891000
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
986000
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1000
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
11660000
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
3360000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
8793000
mc Percentage Of Portion Of Deferred Tax Asset Payable
PercentageOfPortionOfDeferredTaxAssetPayable
0.85
mc Portion Of Deferred Tax Asset Payable
PortionOfDeferredTaxAssetPayable
7474000
mc Portion Of Deferred Tax Asset Payable In Period
PortionOfDeferredTaxAssetPayableInPeriod
P15Y
CY2024Q3 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
273755000
CY2023Q3 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
272179000
us-gaap Investment Banking Revenue
InvestmentBankingRevenue
755826000
us-gaap Investment Banking Revenue
InvestmentBankingRevenue
639870000
CY2024Q3 us-gaap Assets
Assets
1153062000
CY2023Q4 us-gaap Assets
Assets
1179759000
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14169000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4649000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4266000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7378000

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