Lazard Ltd-A 2025年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________001-32492(Commission File Number)____________________________________ LAZARD, INC. (Exact name of registrant as specified in its charter) 98-0437848 (I.R.S. Employer Identification No.) 30 Rockefeller PlazaNew York,NY10112(Address of principal executive offices)Registrant’s telephone number: (212)632-6000____________________________________ Securities Registered Pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.YesxNoo Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).YesxNoo Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. If the Registrant is an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesoNox As of April21, 2025, there were112,766,091shares of the Registrant’s common stock outstanding (including18,618,701shares held by subsidiaries). TABLE OF CONTENTS When we use the terms “Lazard”, “we”, “us”, “our” and “the Company”, we mean Lazard, Inc., a company incorporated under thelaws of the state of Delaware, and its subsidiaries. Lazard’s subsidiaries include Lazard Group LLC, a Delaware limited liability company, thatis the current holding company for our businesses. Lazard’s primary operating asset is its indirect ownership of all of the common membershipinterests in Lazard Group LLC and its controlling interest in Lazard Group LLC. Part I. Financial Information Item 1. Financial Statements (Unaudited)Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and Procedures Part II. Other Information Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. Exhibits PART I. FINANCIAL INFORMATION PageCondensed Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 20242Condensed Consolidated Statements of Operations for the three month periods ended March 31, 2025 and 20244Condensed Consolidated Statements of Comprehensive Income (Loss) for the three month periods ended March 31, 2025 and 20245Condensed Consolidated Statements of Cash Flows for the three month periods ended March 31, 2025 and 20246Condensed Consolidated Statements of Changes in Stockholders’ Equity and Redeemable Noncontrolling Interests for the threemonth periods ended March 31, 2025 and 20248Notes to Condensed Consolidated Financial Statements10 LAZARD, INC. LAZARD, INC. LAZARD, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE MONTH PERIODS ENDED MARCH31, 2025 AND 2024(UNAUDITED)(dollars in thousands, except for per share data) LAZARD, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)FOR THE THREE MONTH PERIODS ENDED MARCH31, 2025 AND 2024(UNAUDITED)(dollars in thousands) LAZARD, INC. RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH WITHINTHE CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION: LAZARD, INC. CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLENONCONTROLLING INTERESTSFOR THE THREE MONTH PERIOD ENDED MARCH31, 2025(UNAUDITED)(dollars in thousands) LAZARD, INC. LAZARD, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted) 1.ORGANIZATION AND BASIS OF PRESENTATION Organization Lazard, Inc. is one of the world’s preeminent financial advisory and asset management