Perella Weinberg Partners
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout 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.
FY2023 · Filed Feb 23, 2024
PWP$13.83-4.0%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
Consolidated Statements of Financial Condition as of December 31,
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Cash and cash equivalents | $247,171 | $171,570 |
| Restricted cash | 2,931 | 2,596 |
| Investments in short-term marketable debt securities | 91,174 | 140,110 |
| Accounts receivable, net of allowance | 47,771 | 67,906 |
| Due from related parties | 3,575 | 3,362 |
| Fixed assets, net of accumulated depreciation and amortization | 93,652 | 48,390 |
| Intangible assets, net of accumulated amortization | 19,192 | 25,772 |
| Goodwill | 34,383 | 34,383 |
| Prepaid expenses and other assets | 30,871 | 36,190 |
| Right-of-use lease assets | 143,935 | 153,720 |
| Deferred tax asset, net | 46,453 | 33,094 |
| Total assets | $761,108 | $717,093 |
| Liabilities and Equity | ||
| Accrued compensation and benefits | $233,927 | $217,011 |
| Accounts payable, accrued expenses and other liabilities | 52,106 | 51,350 |
| Lease liabilities | 175,901 | 165,601 |
| Amount due pursuant to tax receivable agreement | 30,928 | 22,991 |
| Total liabilities | 492,862 | 456,953 |
| Commitments and Contingencies (Note 17) | ||
| Class A common stock, par value $0.0001 per share (1,500,000,000 shares authorized, 57,361,073 issued and 44,642,849 outstanding at December 31, 2023; 1,500,000,000 shares authorized, 52,237,247 issued and 41,744,961 outstanding at December 31, 2022) | 6 | 5 |
| Class B common stock, par value $0.0001 per share (600,000,000 shares authorized, 41,589,339 issued and outstanding at December 31, 2023; 600,000,000 shares authorized, 44,563,877 issued and outstanding at December 31, 2022) | 4 | 4 |
| Preferred stock, par value $0.0001 per share (100,000,000 shares authorized, no shares issued and outstanding at December 31, 2023 and 2022) | — | — |
| Additional paid-in-capital | 312,523 | 242,129 |
| Retained earnings (accumulated deficit) | (54,650) | (18,071) |
| Accumulated other comprehensive income (loss) | (4,480) | (6,538) |
| Treasury stock, at cost (12,718,224 and 10,492,286 shares of Class A common stock at December 31, 2023 and December 31, 2022, respectively) | (100,747) | (80,067) |
| Total Perella Weinberg Partners equity | 152,656 | 137,462 |
| Non-controlling interests | 115,590 | 122,678 |
| Total equity | 268,246 | 260,140 |
| Total liabilities and equity | $761,108 | $717,093 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.