Evercore Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
EVR$294.80-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in thousands)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash Flows From Operating Activities | |||
| Net Income | $285,223 | $531,415 | $868,573 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | |||
| Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration | (34,671) | 16,458 | (24,227) |
| Equity Method Investments, Including Gain on Sale | (192) | 3,038 | 1,105 |
| Equity-Based and Other Deferred Compensation | 515,381 | 467,339 | 422,210 |
| Release of Cumulative Foreign Exchange Losses | — | — | 1,250 |
| Noncash Lease Expense | 42,153 | 41,534 | 40,761 |
| Depreciation, Amortization and Accretion, net | 2,388 | 28,651 | 28,655 |
| Bad Debt Expense | 5,559 | 5,513 | (60) |
| Deferred Taxes | (2,894) | (855) | 29,078 |
| Decrease (Increase) in Operating Assets: | |||
| Investment Securities | 11,635 | (1,777) | (1,960) |
| Accounts Receivable | 11,273 | (46,084) | 16,028 |
| Receivable from Employees and Related Parties | (3,758) | 3,188 | (1,622) |
| Other Assets | (4,759) | (116,838) | (4,649) |
| (Decrease) Increase in Operating Liabilities: | |||
| Accrued Compensation and Benefits | (325,732) | (353,201) | 191,223 |
| Accounts Payable and Accrued Expenses | (966) | (1,093) | (5,497) |
| Payables to Employees and Related Parties | (8,734) | 12,642 | 6,065 |
| Taxes Payable | (4,557) | (11,138) | 5,634 |
| Other Liabilities | (29,395) | (47,416) | (187,669) |
| Net Cash Provided by Operating Activities | 457,954 | 531,376 | 1,384,898 |
| Cash Flows From Investing Activities | |||
| Investments Purchased | (37) | (80) | (6,660) |
| Proceeds from Redemption and Sale of Investments | — | 18,300 | 20,967 |
| Distributions of Private Equity Investments | 105 | 238 | 827 |
| Investment Securities: | |||
| Proceeds from Sales and Maturities of Investment Securities | 3,279,088 | 3,160,061 | 2,669,500 |
| Purchases of Investment Securities | (3,313,200) | (2,850,658) | (3,219,975) |
| Maturity of Certificates of Deposit | 177,446 | 281,386 | 121,912 |
| Purchase of Certificates of Deposit | (107,733) | (272,757) | (264,492) |
| Purchase of Furniture, Equipment and Leasehold Improvements | (20,048) | (23,187) | (27,971) |
| Net Cash Provided by (Used in) Investing Activities | 15,621 | 313,303 | (705,892) |
| Cash Flows From Financing Activities | |||
| Issuance of Noncontrolling Interests | 733 | 300 | 2,179 |
| Distributions to Noncontrolling Interests | (27,293) | (45,548) | (67,865) |
| Payments Under Tax Receivable Agreement | (10,843) | (10,944) | (10,825) |
| Payment of Notes Payable | — | (67,000) | (38,000) |
| Issuance of Notes Payable | — | 67,000 | 38,000 |
| Debt Issuance Costs and Make-Whole Amount | — | (1,826) | (355) |
| Purchase of Treasury Stock and Noncontrolling Interests | (391,964) | (550,293) | (729,693) |
| Dividends | (127,864) | (127,257) | (118,762) |
| Net Cash Provided by (Used in) Financing Activities | (557,231) | (735,568) | (925,321) |
| Effect of Exchange Rate Changes on Cash | 17,017 | (24,281) | (4,616) |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | (66,639) | 84,830 | (250,931) |
| Cash, Cash Equivalents and Restricted Cash – Beginning of Period | 672,123 | 587,293 | 838,224 |
| Cash, Cash Equivalents and Restricted Cash – End of Period | $605,484 | $672,123 | $587,293 |
| SUPPLEMENTAL CASH FLOW DISCLOSURE | |||
| Payments for Interest | $16,181 | $16,857 | $17,332 |
| Payments for Income Taxes | $74,639 | $217,696 | $191,970 |
| Accrued Dividends | $17,054 | $15,236 | $14,332 |
| Amounts Due for Purchase of Noncontrolling Interest | $— | $— | $48,297 |
| Settlement of Sale of Trilantic VI | $— | $9,188 | $— |
| Settlement of Contingent Consideration | $— | $1,083 | $— |
| Receipt of Equity Securities in Settlement of Accounts Receivable | $— | $— | $1,955 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.