Supplemental Financial Information - Quarterly Results

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Supplemental Financial Information - Quarterly Results

SUPPLEMENTAL FINANCIAL INFORMATION

QUARTERLY RESULTS (UNAUDITED)

The following represents the Company’s unaudited quarterly results for the years ended December 31, 2015 and 2014. These quarterly results were prepared in conformity with generally accepted accounting principles and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. These adjustments are of a normal recurring nature.

	2015 Fiscal Quarter
	First(a)		Second(b)			Third(b)		Fourth(b)			Year
	(dollars in thousands, except per share data)
Net revenue	$	577,749	$	609,092		$	573,518	$	593,249		$	2,353,608
Operating expenses		503,086		1,410,468			2,774		453,900			2,370,228
Operating income (loss)	$	74,663	$	(801,376	)	$	570,744	$	139,349		$	(16,620	)
Net income	$	62,646	$	375,155		$	399,790	$	155,341		$	992,932
Less - net income (loss) attributable to noncontrolling interests		6,693		1,042			1,269		(2,445	)		6,559
Net income attributable to Lazard Ltd	$	55,953	$	374,113		$	398,521	$	157,786		$	986,373
Attributable to Lazard Ltd Class A common stockholders:
Net income per share of common stock:
Basic		$0.45		$2.96			$3.16		$1.26			$7.87
Diluted		$0.42		$2.82			$2.99		$1.18			$7.40
Dividends declared per share of common stock		$1.30		$0.35			$0.35		$0.35			$2.35
	2014 Fiscal Quarter
	First		Second			Third		Fourth			Year
	(dollars in thousands, except per share data)
Net revenue	$	533,400	$	566,896		$	566,211	$	633,940		$	2,300,447
Operating expenses		426,220		467,916			452,499		434,347			1,780,982
Operating income	$	107,180	$	98,980		$	113,712	$	199,593		$	519,465
Net income	$	85,429	$	85,909		$	89,920	$	172,805		$	434,063
Less - net income attributable to noncontrolling interests		4,587		717			1,061		421			6,786
Net income attributable to Lazard Ltd	$	80,842	$	85,192		$	88,859	$	172,384		$	427,277
Attributable to Lazard Ltd Class A common stockholders:
Net income per share of common stock:
Basic		$0.66		$0.69			$0.73		$1.41			$3.49
Diluted		$0.61		$0.64			$0.67		$1.29			$3.20
Dividends declared per share of common stock		$0.30		$0.30			$0.30		$0.30			$1.20

(a) See Note 11 for information regarding the debt refinancing.

(b) See Note 17 for information regarding the provision pursuant to the tax receivable agreement.