Evercore Inc

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

EVR$294.80-0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in thousands)

	For the Years Ended December 31,
	2024	2023	2022
Cash Flows From Operating Activities
Net Income	$417,737	$285,223	$531,415
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration	(33,682)	(34,671)	16,458
Equity Method Investments, Including (Gains) Losses on Sales and Redemptions	7,385	(192)	3,038
Equity-Based and Other Deferred Compensation	569,734	515,381	467,339
Noncash Lease Expense	41,792	42,153	41,534
Depreciation, Amortization and Accretion, net	(387)	2,388	28,651
Bad Debt Expense	2,334	5,559	5,513
Deferred Taxes	8,074	(2,894)	(855)
Decrease (Increase) in Operating Assets:
Investment Securities	30,839	11,635	(1,777)
Accounts Receivable	(54,589)	11,273	(46,084)
Receivable from Employees and Related Parties	(7,919)	(3,758)	3,188
Other Assets	6,797	(4,759)	(116,838)
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	17,754	(325,732)	(353,201)
Accounts Payable and Accrued Expenses	1,743	(966)	(1,093)
Payables to Employees and Related Parties	5,446	(8,734)	12,642
Taxes Payable	(643)	(4,557)	(11,138)
Other Liabilities	(24,264)	(29,395)	(47,416)
Net Cash Provided by Operating Activities	988,151	457,954	531,376
Cash Flows From Investing Activities
Investments Purchased	(22)	(37)	(80)
Proceeds from Sale of Investments	18,113	—	18,300
Distributions of Private Equity Investments	—	105	238
Investment Securities:
Proceeds from Sales and Maturities of Investment Securities	3,066,469	3,279,088	3,160,061
Purchases of Investment Securities	(3,108,767)	(3,313,200)	(2,850,658)
Maturity of Certificates of Deposit	172,297	177,446	281,386
Purchase of Certificates of Deposit	(185,420)	(107,733)	(272,757)
Purchase of Furniture, Equipment and Leasehold Improvements	(30,101)	(20,048)	(23,187)
Net Cash Provided by (Used in) Investing Activities	(67,431)	15,621	313,303
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	85	733	300
Distributions to Noncontrolling Interests	(30,848)	(27,293)	(45,548)
Payments Under Tax Receivable Agreement	(11,427)	(10,843)	(10,944)
Payment of Notes Payable	—	—	(67,000)
Issuance of Notes Payable	—	—	67,000
Debt Issuance Costs and Make-Whole Amount	—	—	(1,826)
Purchase of Treasury Stock and Noncontrolling Interests	(450,530)	(391,964)	(550,293)
Dividends	(135,832)	(127,864)	(127,257)
Net Cash Provided by (Used in) Financing Activities	(628,552)	(557,231)	(735,568)
Effect of Exchange Rate Changes on Cash	(15,545)	17,017	(24,281)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	276,623	(66,639)	84,830
Cash, Cash Equivalents and Restricted Cash – Beginning of Period	605,484	672,123	587,293
Cash, Cash Equivalents and Restricted Cash – End of Period	$882,107	$605,484	$672,123
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	$16,214	$16,181	$16,857
Payments for Income Taxes	$98,201	$74,639	$217,696
Accrued Dividends	$16,159	$17,054	$15,236
Redemption of Luminis Interest	$7,305	$—	$—
Settlement of Sale of Trilantic VI	$—	$—	$9,188
Settlement of Contingent Consideration	$—	$—	$1,083

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.