Evercore Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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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.
FY2025 · Filed Feb 20, 2026
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in thousands)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows From Operating Activities | |||
| Net Income | $640,707 | $417,737 | $285,223 |
| Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities: | |||
| Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration | (24,082) | (33,682) | (34,671) |
| Equity Method Investments, Including (Gains) Losses on Sales and Redemptions | (112) | 7,385 | (192) |
| Equity-Based and Other Deferred Compensation | 675,100 | 569,734 | 515,381 |
| Noncash Lease Expense | 49,798 | 41,792 | 42,153 |
| Depreciation, Amortization and Accretion, net | 10,537 | (387) | 2,388 |
| Bad Debt Expense | 5,635 | 2,334 | 5,559 |
| Deferred Taxes | 15,086 | 8,074 | (2,894) |
| Decrease (Increase) in Operating Assets: | |||
| Investment Securities | 23,918 | 30,839 | 11,635 |
| Accounts Receivable | (124,587) | (54,589) | 11,273 |
| Receivable from Employees and Related Parties | (4,916) | (7,919) | (3,758) |
| Other Assets | (131,447) | 6,797 | (4,759) |
| (Decrease) Increase in Operating Liabilities: | |||
| Accrued Compensation and Benefits | 176,881 | 17,754 | (325,732) |
| Accounts Payable and Accrued Expenses | 14,489 | 1,743 | (966) |
| Payables to Employees and Related Parties | 16,053 | 5,446 | (8,734) |
| Taxes Payable | 11,161 | (643) | (4,557) |
| Other Liabilities | (97,757) | (24,264) | (29,395) |
| Net Cash Provided by Operating Activities | 1,256,464 | 988,151 | 457,954 |
| Cash Flows From Investing Activities | |||
| Investments Purchased | (1,000) | (22) | (37) |
| Proceeds from Sale of Investments | — | 18,113 | — |
| Distributions of Private Equity Investments | 1,887 | — | 105 |
| Investment Securities: | |||
| Proceeds from Sales and Maturities of Investment Securities | 3,247,890 | 3,066,469 | 3,279,088 |
| Purchases of Investment Securities | (3,310,862) | (3,108,767) | (3,313,200) |
| Maturity of Certificates of Deposit | 202,950 | 172,297 | 177,446 |
| Purchase of Certificates of Deposit | (177,348) | (185,420) | (107,733) |
| Cash Acquired for Acquisitions, net of Cash Paid | 12,160 | — | — |
| Purchase of Furniture, Equipment and Leasehold Improvements | (74,002) | (30,101) | (20,048) |
| Net Cash Provided by (Used in) Investing Activities | (98,325) | (67,431) | 15,621 |
| Cash Flows From Financing Activities | |||
| Issuance of Noncontrolling Interests | 1,331 | 85 | 733 |
| Distributions to Noncontrolling Interests | (30,731) | (30,848) | (27,293) |
| Payments Under Tax Receivable Agreement | (11,371) | (11,427) | (10,843) |
| Payment of Notes Payable | (38,000) | — | — |
| Issuance of Notes Payable | 250,000 | — | — |
| Debt Issuance Costs | (662) | — | — |
| Purchase of Treasury Stock and Noncontrolling Interests | (661,780) | (450,530) | (391,964) |
| Dividends | (144,410) | (135,832) | (127,864) |
| Net Cash Provided by (Used in) Financing Activities | (635,623) | (628,552) | (557,231) |
| Effect of Exchange Rate Changes on Cash | 31,517 | (15,545) | 17,017 |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 554,033 | 276,623 | (66,639) |
| Cash, Cash Equivalents and Restricted Cash – Beginning of Period | 882,107 | 605,484 | 672,123 |
| Cash, Cash Equivalents and Restricted Cash – End of Period | $1,436,140 | $882,107 | $605,484 |
| SUPPLEMENTAL CASH FLOW DISCLOSURE | |||
| Payments for Interest | $19,896 | $16,214 | $16,181 |
| Payments for Income Taxes | $117,312 | $98,201 | $74,639 |
| Accrued Dividends | $15,537 | $16,159 | $17,054 |
| Redemption of Luminis Interest | $— | $7,305 | $— |
| Contingent Consideration Accrued | $24,521 | $— | $— |
| Shares Issued as Consideration for Acquisitions | $95,767 | $— | $— |
| Deferred Purchase Price Payable in Shares or Cash for Acquisitions | $94,893 | $— | $— |
| Assets Acquired in Acquisitions | $27,906 | $— | $— |
| Liabilities Assumed in Acquisitions | $27,906 | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.