$PJT
PJT Partners Inc.

2020 Q4 Form 10-K Financial Statement

#000156459021009465 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q2 2019 Q4
Revenue $322.0M $232.6M $248.7M
YoY Change 29.5% 39.51% 41.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $218.1M $173.1M $187.5M
YoY Change 16.32% 21.22% 26.18%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M $1.800M $3.800M
YoY Change 2.63% 5.88% 5.56%
% of Gross Profit
Operating Expenses $222.0M $176.8M $191.3M
YoY Change 16.05% 20.68% 25.69%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$5.400M -$6.100M -$8.500M
YoY Change -36.47% -7.58% 30.77%
Pretax Income $94.63M $49.68M $48.90M
YoY Change 93.51% 265.49% 193.28%
Income Tax $13.20M $8.760M $10.90M
% Of Pretax Income 13.95% 17.63% 22.29%
Net Earnings $46.11M $21.67M $16.81M
YoY Change 174.31% 349.03% 125.97%
Net Earnings / Revenue 14.32% 9.32% 6.76%
Basic Earnings Per Share
Diluted Earnings Per Share $479.2K $851.0K $672.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 Q2 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $299.5M $115.1M $216.0M
YoY Change 38.66% 36.7% 103.58%
Cash & Equivalents $299.5M $115.1M $216.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $233.2M $257.2M $227.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $532.7M $372.3M $443.5M
YoY Change 20.11% 21.63% 36.92%
LONG-TERM ASSETS
Property, Plant & Equipment $38.78M $39.57M $37.12M
YoY Change 4.46% 10.18% 6.66%
Goodwill $172.7M $172.7M
YoY Change 0.0% -1.88%
Intangibles
YoY Change
Long-Term Investments $137.9M $131.9M $1.500M
YoY Change 9093.33% 9321.43% -31.82%
Other Assets $53.30M $50.90M $48.20M
YoY Change 10.58% -12.69% -18.17%
Total Long-Term Assets $638.9M $638.0M $509.3M
YoY Change 25.45% 28.78% 46.38%
TOTAL ASSETS
Total Short-Term Assets $532.7M $372.3M $443.5M
Total Long-Term Assets $638.9M $638.0M $509.3M
Total Assets $1.172B $1.010B $952.8M
YoY Change 22.97% 26.05% 41.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.80M $21.40M $24.60M
YoY Change 4.88% 16.3% -0.4%
Accrued Expenses $425.7M $302.0M $303.7M
YoY Change 40.17% 39.81% 238.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $100.0K
YoY Change -100.0%
Total Short-Term Liabilities $454.2M $339.6M $333.2M
YoY Change 36.31% 43.23% 174.69%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $0.00 $21.60M
YoY Change -99.54% -100.0% -28.0%
Other Long-Term Liabilities $29.30M $21.40M $23.50M
YoY Change 24.68% 43.62% -28.13%
Total Long-Term Liabilities $29.40M $21.40M $45.10M
YoY Change -34.81% -52.44% -28.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $454.2M $339.6M $333.2M
Total Long-Term Liabilities $29.40M $21.40M $45.10M
Total Liabilities $483.8M $884.9M $378.3M
YoY Change 27.89% 213.75% 105.5%
SHAREHOLDERS EQUITY
Retained Earnings -$33.13M -$144.9M
YoY Change -77.14% -14.67%
Common Stock $349.4M $290.9M
YoY Change 20.1% 37.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $154.3M $125.5M $31.39M
YoY Change
Total Liabilities & Shareholders Equity $1.172B $1.010B $952.8M
YoY Change 22.97% 26.04% 41.82%

Cashflow Statement

Concept 2020 Q4 2020 Q2 2019 Q4
OPERATING ACTIVITIES
Net Income $46.11M $21.67M $16.81M
YoY Change 174.31% 349.03% 125.97%
Depreciation, Depletion And Amortization $3.900M $1.800M $3.800M
YoY Change 2.63% 5.88% 5.56%
Cash From Operating Activities $169.5M $147.3M $124.4M
YoY Change 36.25% 133.44% 2604.35%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$1.600M -$2.400M
YoY Change -91.67% -44.83% 242.86%
Acquisitions
YoY Change
Other Investing Activities $89.90M -$107.7M $8.600M
YoY Change 945.35% -122.34%
Cash From Investing Activities $89.70M -$109.3M $6.200M
YoY Change 1346.77% 3668.97% -115.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -104.4M -10.00M -25.70M
YoY Change 306.23% -64.54% 5.76%
NET CHANGE
Cash From Operating Activities 169.5M 147.3M 124.4M
Cash From Investing Activities 89.70M -109.3M 6.200M
Cash From Financing Activities -104.4M -10.00M -25.70M
Net Change In Cash 154.8M 28.00M 104.9M
YoY Change 47.57% -12.5% -278.1%
FREE CASH FLOW
Cash From Operating Activities $169.5M $147.3M $124.4M
Capital Expenditures -$200.0K -$1.600M -$2.400M
Free Cash Flow $169.7M $148.9M $126.8M
YoY Change 33.83% 125.61% 2292.45%

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CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements and related disclosures in conformity with 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. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period in which they are determined to be necessary. In preparing the consolidated financial statements, management makes estimates regarding the recognition of revenue, adequacy of the allowance for credit losses, evaluation of goodwill and intangible assets for impairment, realization of deferred taxes, measurement of equity-based compensation and other matters that affect the reported amounts and disclosures in the consolidated financial statements.</p>
CY2020Q4 pjt Cash Subject To Notice Requirement
CashSubjectToNoticeRequirement
47800000
CY2019Q4 pjt Cash Subject To Notice Requirement
CashSubjectToNoticeRequirement
16800000
CY2020 pjt Accounts Receivable Payment Terms
AccountsReceivablePaymentTerms
P1Y
CY2020 pjt Operating Lease Agreements Expiration Date Description
OperatingLeaseAgreementsExpirationDateDescription
various dates through 2036
CY2020 pjt Operating Lease Agreements Sublease Portion Expiration Date Description
OperatingLeaseAgreementsSubleasePortionExpirationDateDescription
various dates through 2021
CY2020 pjt Finance Leases Agreements Expiration Date Description
FinanceLeasesAgreementsExpirationDateDescription
various dates through 2024
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
227516000
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
48237000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-144919000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1045008000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
716751000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
575729000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13700000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7900000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2020 us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
1107000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1266000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1368000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
325000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1330000
CY2019Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
11300000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0
CY2018Q4 us-gaap Goodwill
Goodwill
176031000
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-3306000
CY2019Q4 us-gaap Goodwill
Goodwill
172725000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
71076000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39046000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
31270000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
32030000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
39806000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
39806000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49160000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12295000
CY2018 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
40600000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7776000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7654000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3735000
CY2020 us-gaap Depreciation
Depreciation
7300000
CY2019 us-gaap Depreciation
Depreciation
6800000
CY2018 us-gaap Depreciation
Depreciation
6200000
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
137889000
CY2019 us-gaap Finite Lived Intangible Assets Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments
-1700000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
32030000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
39806000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49160000
pjt Increase Decrease In Accumulated Amortization
IncreaseDecreaseInAccumulatedAmortization
-200000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7700000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6500000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4900000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4900000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4800000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
72889000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
63732000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34112000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
26609000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38777000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37123000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
260361000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
110012000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-12400000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-27822000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
247961000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82190000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20306000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3442000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7747000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3142000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
571000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
310000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
28624000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6894000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2308000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12385000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
300000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3365000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4303000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4241000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6911000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35535000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
247961000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35535000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.143
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.041
CY2020 pjt Effective Income Tax Rate Reconciliation Accrual Related To Spin Off
EffectiveIncomeTaxRateReconciliationAccrualRelatedToSpinOff
0.000
CY2019 pjt Effective Income Tax Rate Reconciliation Accrual Related To Spin Off
EffectiveIncomeTaxRateReconciliationAccrualRelatedToSpinOff
0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.083
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.007
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.015
CY2019 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.086
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.057
CY2020 pjt Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
0.004
CY2019 pjt Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.013
CY2020 pjt Effective Income Tax Rate Reconciliation Tax Benefit From Net Operating Losses Carryback Under Cares Act
EffectiveIncomeTaxRateReconciliationTaxBenefitFromNetOperatingLossesCarrybackUnderCARESAct
-0.015
CY2019Q4 pjt Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
23669000
CY2019Q4 pjt Deferred Tax Assets Tax Basis Step Up From Blackstone
DeferredTaxAssetsTaxBasisStepUpFromBlackstone
21891000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
13759000
CY2019Q4 pjt Deferred Tax Assets Partner Exchange Basis Step Up
DeferredTaxAssetsPartnerExchangeBasisStepUp
9624000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2648000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
80473000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
74502000
CY2020Q4 pjt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
18762000
CY2019Q4 pjt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
21549000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1302000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1099000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1823000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
468000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
5256000
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3149000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
27143000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
26265000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
53330000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
48237000
CY2020 pjt Cares Act Of2020 Tax Benefit From Net Operating Losses Carryback
CARESActOf2020TaxBenefitFromNetOperatingLossesCarryback
3700000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2020Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0
CY2019Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0
CY2018Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0
CY2020 us-gaap Net Income Loss
NetIncomeLoss
117549000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
29562000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
27170000
CY2020 pjt Dividends On Participating Securities
DividendsOnParticipatingSecurities
11000
CY2019 pjt Dividends On Participating Securities
DividendsOnParticipatingSecurities
20000
CY2018 pjt Dividends On Participating Securities
DividendsOnParticipatingSecurities
128000
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
41000
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
34000
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
143000
CY2020 pjt Number Of Diluted Class A Common Shares Outstanding If Holding Partnership Units Exchanged
NumberOfDilutedClassACommonSharesOutstandingIfHoldingPartnershipUnitsExchanged
40004937
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
120912000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
111568000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
117991000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16417000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10709000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9987000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.290
CY2020 pjt Share Based Compensation Arrangement By Share Based Payment Award Spin Off Pro Ratably Weighted Average Exercise Price One Achieved During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSpinOffProRatablyWeightedAverageExercisePriceOneAchievedDuringPeriod
63
CY2020 pjt Share Based Compensation Arrangement By Share Based Payment Award Spin Off Pro Ratably Weighted Average Exercise Price Two Achieved During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSpinOffProRatablyWeightedAverageExercisePriceTwoAchievedDuringPeriod
71
CY2018 pjt Share Based Compensation Arrangement By Share Based Payment Award Spin Off Pro Ratably Weighted Average Exercise Price One Achieved During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSpinOffProRatablyWeightedAverageExercisePriceOneAchievedDuringPeriod
48
CY2018 pjt Share Based Compensation Arrangement By Share Based Payment Award Spin Off Pro Ratably Weighted Average Exercise Price Two Achieved During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSpinOffProRatablyWeightedAverageExercisePriceTwoAchievedDuringPeriod
55
CY2020Q4 pjt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestOutstandingNumber
5224638
CY2020 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
34700000
CY2019 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
25500000
CY2018 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
8800000
CY2020Q4 pjt Deferred Compensation Arrangement With Individual Unrecognized Compensation Expense Not Yet Recognized
DeferredCompensationArrangementWithIndividualUnrecognizedCompensationExpenseNotYetRecognized
38000000.0
CY2020 pjt Deferred Compensation Arrangement With Individual Compensation Expense Not Yet Recognized Period For Recognisation
DeferredCompensationArrangementWithIndividualCompensationExpenseNotYetRecognizedPeriodForRecognisation
P1Y6M
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
48700000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
47800000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
27492000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
25473000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
130000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
141000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000
CY2020 pjt Finance Lease Cost
FinanceLeaseCost
135000
CY2019 pjt Finance Lease Cost
FinanceLeaseCost
147000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
234000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
3101000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
2900000
CY2020 us-gaap Sublease Income
SubleaseIncome
2757000
CY2019 us-gaap Sublease Income
SubleaseIncome
3642000
CY2020 us-gaap Lease Cost
LeaseCost
27971000
CY2019 us-gaap Lease Cost
LeaseCost
25112000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
16596000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
18546000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
144000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
145000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4043000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
183672000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
77000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
68000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.037
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.035
CY2018 us-gaap Payments For Rent
PaymentsForRent
24900000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
49000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28785000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
38000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28707000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
30000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
28800000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
17000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
27254000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
23443000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
72357000
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
134000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
209346000
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
7000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
37055000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
127000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
172291000
CY2020 pjt Payment For Units Exchanged
PaymentForUnitsExchanged
101900000
CY2019 pjt Payment For Units Exchanged
PaymentForUnitsExchanged
19000000.0
CY2020Q4 pjt Amount Due Pursuant To Tax Receivable Agreement
AmountDuePursuantToTaxReceivableAgreement
19600000
CY2019Q4 pjt Amount Due Pursuant To Tax Receivable Agreement
AmountDuePursuantToTaxReceivableAgreement
9300000
CY2020Q4 pjt Tax Receivable Agreement Payment Due Next Twelve Month
TaxReceivableAgreementPaymentDueNextTwelveMonth
1000000.0
CY2020Q4 pjt Tax Receivable Agreement Payment Due Year Two
TaxReceivableAgreementPaymentDueYearTwo
700000
CY2020Q4 pjt Tax Receivable Agreement Payment Due Year Three
TaxReceivableAgreementPaymentDueYearThree
1300000
CY2020Q4 pjt Tax Receivable Agreement Payment Due Year Four
TaxReceivableAgreementPaymentDueYearFour
1300000
CY2020Q4 pjt Tax Receivable Agreement Payment Due Year Five
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CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019Q1 us-gaap Costs And Expenses
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10026000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
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CY2019Q4 us-gaap Profit Loss
ProfitLoss
38043000
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5200000
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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21233000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
1101000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
4826000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
6825000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
16810000

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