v3.24.0.1
Evercore Inc. (Parent Company Only) Financial Statements (Tables)
12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Evercore Inc. (Parent Company Only) Condensed Statements of Financial Condition
EVERCORE INC.
(parent company only)
CONDENSED STATEMENTS OF FINANCIAL CONDITION
(dollars in thousands, except share data)
 December 31,
 20232022
ASSETS
Equity Investment in Subsidiary$1,743,393 $1,703,843 
Deferred Tax Assets234,719 233,280 
Goodwill15,236 15,236 
Other Assets24,110 31,099 
TOTAL ASSETS$2,017,458 $1,983,458 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party$10,522 $10,417 
Other Current Liabilities3,304 3,287 
Total Current Liabilities13,826 13,704 
Amounts Due Pursuant to Tax Receivable Agreements52,813 61,169 
Long-term Debt - Notes Payable373,885 371,774 
TOTAL LIABILITIES440,524 446,647 
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 82,114,009 and 79,686,375 issued at December 31, 2023 and 2022, respectively, and 37,773,613 and 38,347,262 outstanding at December 31, 2023 and 2022, respectively)
821 797 
Class B, par value $0.01 per share (1,000,000 shares authorized, 46 and 50 issued and outstanding at December 31, 2023 and 2022, respectively)
— — 
Additional Paid-In Capital3,163,198 2,861,775 
Accumulated Other Comprehensive Income (Loss)(26,538)(27,942)
Retained Earnings1,892,656 1,768,098 
Treasury Stock at Cost (44,340,396 and 41,339,113 shares at December 31, 2023 and 2022, respectively)
(3,453,203)(3,065,917)
TOTAL STOCKHOLDERS' EQUITY1,576,934 1,536,811 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$2,017,458 $1,983,458 


See notes to parent company only financial statements.
Evercore Inc. (Parent Company Only) Condensed Statements of Operations
EVERCORE INC.
(parent company only)
CONDENSED STATEMENTS OF OPERATIONS
 For the Years Ended December 31,
 202320222021
REVENUES
Other Revenue, Including Interest and Investments$16,717 $16,850 $17,439 
TOTAL REVENUES16,717 16,850 17,439 
Interest Expense16,717 16,850 17,439 
NET REVENUES— — — 
EXPENSES
TOTAL EXPENSES— — — 
OPERATING INCOME— — — 
Equity in Income of Subsidiary315,109 605,957 954,167 
Provision for Income Taxes59,630 129,437 214,051 
NET INCOME$255,479 $476,520 $740,116 
See notes to parent company only financial statements.
Evercore Inc. (Parent Company Only) Condensed Statement of Cash Flows
EVERCORE INC.
(parent company only)
CONDENSED STATEMENTS OF CASH FLOWS
 For the Years Ended December 31,
 202320222021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income$255,479 $476,520 $740,116 
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary(315,109)(605,957)(954,167)
Deferred Taxes4,332 2,624 29,017 
Accretion on Long-term Debt529 585 433 
(Increase) Decrease in Operating Assets:
Other Assets6,989 (31,099)25,603 
Increase (Decrease) in Operating Liabilities:
Taxes Payable— (13,075)13,075 
Net Cash Provided by (Used in) Operating Activities(47,780)(170,402)(145,923)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary175,644 297,659 264,685 
Net Cash Provided by Investing Activities175,644 297,659 264,685 
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of Notes Payable — (67,000)(38,000)
Issuance of Notes Payable— 67,000 38,000 
Dividends(127,864)(127,257)(118,762)
Net Cash Provided by (Used in) Financing Activities(127,864)(127,257)(118,762)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH— — — 
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of Year— — — 
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of Year$— $— $— 
SUPPLEMENTAL CASH FLOW DISCLOSURE
Accrued Dividends$17,054 $15,236 $14,332 
See notes to parent company only financial statements.