Evercore Inc. Stockholders' Equity |
9 Months Ended |
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Sep. 30, 2023 | |
Equity [Abstract] | |
Evercore Inc. Stockholders' Equity | Evercore Inc. Stockholders' Equity Dividends – On October 24, 2023, the Company's Board of Directors declared a quarterly cash dividend of $0.76 per share to the holders of record of shares of Class A common stock ("Class A Shares") as of November 24, 2023, which will be paid on December 8, 2023. During the three and nine months ended September 30, 2023, the Company declared and paid dividends of $0.76 and $2.24 per share, respectively, totaling $28,592 and $85,202, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs") totaling $4,058 and $12,717, respectively. The Company also paid deferred cash dividends of $185 and $13,854 during the three and nine months ended September 30, 2023, respectively. During the three and nine months ended September 30, 2022, the Company declared and paid dividends of $0.72 and $2.12 per share, respectively, totaling $28,052 and $83,739, respectively, and accrued deferred cash dividends on unvested RSUs totaling $2,883 and $11,245, respectively. The Company also paid deferred cash dividends of $166 and $15,347 during the three and nine months ended September 30, 2022, respectively. Treasury Stock – During the three months ended September 30, 2023, the Company purchased 17 Class A Shares from employees at an average cost per share of $135.28, primarily for the net settlement of stock-based compensation awards, and 280 Class A Shares at an average cost per share of $137.79 pursuant to the Company's share repurchase program. The aggregate 297 Class A Shares were purchased at an average cost per share of $137.65 and the result of these purchases was an increase in Treasury Stock of $40,817 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2023. During the nine months ended September 30, 2023, the Company purchased 953 Class A Shares from employees at an average cost per share of $131.34, primarily for the net settlement of stock-based compensation awards, and 2,033 Class A Shares at an average cost per share of $127.85 pursuant to the Company's share repurchase program. The aggregate 2,986 Class A Shares were purchased at an average cost per share of $128.97 and the result of these purchases was an increase in Treasury Stock of $385,053 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2023. LP Units – During the three and nine months ended September 30, 2023, 38 and 82 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares, resulting in an increase to Class A Common Stock of $1 for the three and nine months ended September 30, 2023, and an increase to Additional Paid-In Capital of $2,353 and $5,127 for the three and nine months ended September 30, 2023, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2023. See Note 12 for further information. Accumulated Other Comprehensive Income (Loss) – As of September 30, 2023, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,398) and ($22,527), respectively.
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