8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 2, 2017

EVERCORE INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32975	20-4748747
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

55 East 52 ndStreet
New York, New York	10055
(Address of principal executive offices)	(Zip Code)

  (212) 857-3100

       (Registrant's telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 8.01 Other Events

On January 1, 2017, Evercore Inc. ("the Company") adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), which provides amendments to ASC No. 718, "Compensation - Stock Compensation." ASU 2016-09 simplifies the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A common stock under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior accounting principles generally accepted in the United States of America ("U.S. GAAP"). In adopting ASU 2016-09, the Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company has classified excess tax benefits as an operating activity within Taxes Payable on the Unaudited Condensed Consolidated Statements of Cash Flows in its quarterly reports on Form 10-Q since January 1, 2017.

This Form 8-K recasts information in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (the "2016 10-K"), including the following items included in such 2016 10-K, to show the effect of the adoption of ASU 2016-09 on a retrospective basis on the Consolidated Statements of Cash Flows.

Part II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Part II - Item 8. Financial Statements and Supplementary Data

The exhibits included with this Current Report on Form 8-K, which are incorporated herein by reference, have been updated solely for matters relating to the effect of the adoption of ASU 2016-09 and have not otherwise been updated for events occurring after the filing of the 2016 10-K. Therefore, this Current Report on Form 8-K, including the exhibits hereto, should be read in conjunction with the Company’s 2016 10-K and filings made by the Company with the SEC subsequent to such 2016 10-K filing, including the Company’s quarterly reports on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

23.1	Consent of Independent Registered Public Accounting Firm
99.1	Part II. - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
99.2	Part II. - Item 8. Financial Statements and Supplemental Data
101	The following materials from the Registrant's Current Report on Form 8-K, filed on November 2, 2017, are formatted in XBRL (eXtensible Business Reporting Language); (i) Consolidated Statements of Financial Condition as of December 31, 2016 and 2015, (ii) Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014, (iii) Consolidated Statements of Comprehensive Income for the years ended December 31, 2016, 2015 and 2014, (iv) Consolidated Statements of Changes in Equity for the years ended December 31, 2016, 2015 and 2014, (v) Consolidated Statements of Cash Flows for the years ended December 31, 2016, 2015 and 2014, and (vi) Notes to Consolidated Financial Statements

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EVERCORE INC.
Date: November 2, 2017	/s/ Robert B. Walsh
	By:	Robert B. Walsh
	Title:	Chief Financial Officer

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement Nos. 333-136506, 333-193334, 333-212205 and 333-214718 on Form S-8, Registration Statement Nos. 333-174866 and 333-196716 on Form S-3 ASR, and Registration Statement Nos. 333-145696, 333-159037, 333-167393 and 333-171487 on Form S-3 of our report dated February 24, 2017 (November 2, 2017 as to the effects of the retrospective adoption of ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, described in Notes 2 and 3), relating to the consolidated financial statements of Evercore Inc. and subsidiaries (the “Company”) (which report expresses an unqualified opinion and includes an explanatory paragraph relating to the Company’s retrospective adoption of ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, effective January 1, 2017), appearing in this Current Report on Form 8-K of the Company for the year ended December 31, 2016.

/s/ DELOITTE & TOUCHE LLP

New York, New York

November 2, 2017

EX-99.1

Exhibit 99.1

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with Evercore Inc.'s (formerly known as Evercore Partners Inc.) consolidated financial statements and the related notes included elsewhere in this Form 10-K.

Key Financial Measures

Revenue

Total revenues reflect revenues from our Investment Banking and Investment Management business segments that include fees for services, transaction-related client reimbursements plus other revenue. Net revenues reflect total revenues less interest expense.

Investment Banking. Our Investment Banking business earns fees from our clients for providing advice on mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters, and from underwriting and private placement activities, as well as commissions from our sales and trading activities. The amount and timing of the fees paid vary by the type of engagement or services provided. In general, advisory fees are paid at the time we sign an engagement letter, during the course of the engagement or when an engagement is completed. The majority of our investment banking revenue consists of advisory fees that are dependent on the successful completion of a transaction. A transaction can fail to be completed for many reasons, including failure of parties to agree upon final terms with the counterparty, to secure necessary board or shareholder approvals, to secure necessary financing or to achieve necessary regulatory approvals. In the case of bankruptcy engagements, fees are subject to approval of the court. Underwriting fees are recognized when the offering has been deemed to be completed, placement fees are generally recognized at the time of the client's acceptance of capital or capital commitments. Commissions and Related Fees includes commissions, which are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, on the date earned. Commissions and Related Fees also include subscription fees for the sales of research. Cash received before the subscription period ends is initially recorded as deferred revenue and recognized as revenue over the remaining subscription period.

Revenue trends in our advisory business generally are correlated to the volume of M&A activity and/or restructuring activity, which tends to be counter-cyclical to M&A. However, deviations from this trend can occur in any given year or quarter for a number of reasons. For example, changes in our market share or the ability of our clients to close certain large transactions can cause our revenue results to diverge from the level of overall M&A or restructuring activity. Revenue trends in our equities business are correlated to market volumes, which generally decrease in periods of unfavorable market or economic conditions.

Investment Management. Our Investment Management business includes operations related to the management of the Institutional Asset Management, Wealth Management and Private Equity businesses. Revenue sources primarily include management fees, which include fees earned from portfolio companies, fiduciary and consulting fees, performance fees (including carried interest) and gains (or losses) on our investments.

Management fees for third party clients generally represent a percentage of AUM. Fiduciary and consulting fees, which are generally a function of the size and complexity of each engagement, are individually negotiated. Management fees from private equity operations are generally a percentage of committed capital or invested capital at rates agreed with the investment funds we manage or with the individual client. The Company records performance fees upon the earlier of the termination of the investment fund or when the likelihood of clawback is mathematically improbable. Portfolio company fees include monitoring, director and transaction fees associated with services provided to the portfolio companies of the private equity funds we hold interests in. Gains and losses include both realized and unrealized gains and losses on principal investments, including those arising from our equity interest in investment partnerships.

Transaction-Related Client Reimbursements. In both our Investment Banking and Investment Management segments, we make various transaction-related expenditures, such as travel and professional fees, on behalf of our clients. Pursuant to the engagement letters with our advisory clients or the contracts with the limited partners in the private equity funds we manage, these expenditures may be reimbursable. We define these expenses as transaction-related expenses and record such expenditures as incurred and record revenue when it is determined that clients have an obligation to reimburse us for such transaction-related expenses. Client expense reimbursements are recorded as revenue on the Consolidated Statements of Operations on the later of the date an engagement letter is executed or the date we pay or accrue the expense.

Other Revenue and Interest Expense. Other Revenue and Interest Expense is derived from investing customer funds in financing transactions. These transactions are principally repurchases and resales of Mexican government and government

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agency securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase or resale transaction.

Other Revenue also includes income earned on marketable securities, cash and cash equivalents and assets segregated for regulatory purposes, as well as adjustments to amounts due pursuant to our tax receivable agreements, subsequent to its initial establishment, related to changes in state and local tax rates and gains (losses) resulting from foreign currency fluctuations.

Interest Expense also includes interest expense associated with our Notes Payable, subordinated borrowings and the line of credit.

Operating Expenses

Employee Compensation and Benefits Expense. We include all payments for services rendered by our employees, as well as profits interests in our businesses that have been accounted for as compensation, in employee compensation and benefits expense.

We maintain compensation programs, including base salary, cash, deferred cash and equity bonus awards and benefits programs and manage compensation to estimates of competitive levels based on market conditions and performance. Our level of compensation reflects our plan to maintain competitive compensation levels to retain key personnel, and it reflects the impact of newly-hired senior professionals, including related grants of equity awards which are generally valued at their grant date.

Increasing the number of high-caliber, experienced senior level employees is critical to our growth efforts. In our advisory businesses, these hires generally do not begin to generate significant revenue in the year they are hired.

Our annual compensation program includes share-based compensation awards and deferred cash awards as a component of the annual bonus awards for certain employees. These awards are generally subject to annual vesting requirements over a four-year period beginning at the date of grant, which occurs in the first quarter of each year; accordingly, the expense is generally amortized over the stated vesting period, subject to retirement eligibility. With respect to annual awards, the Company's retirement eligibility criteria stipulates that if an employee has at least five years of continuous service, is at least 55 years of age and has a combined age and years of service of at least 65 years, the employee is eligible for retirement. Retirement eligibility allows for continued vesting of awards after employees depart from the Company, provided they give the minimum advance notice, which is generally one year.

Our Long-term Incentive Plan provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers, who exceed defined benchmark results over a four-year performance period beginning January 1, 2013. These awards will be paid, in cash or Class A Shares, at our discretion, in three equal installments in the first quarter of 2017, 2018 and 2019, subject to employment at the time of payment. These awards are subject to retirement eligibility requirements. We expect to implement a similar plan for the four-year performance period beginning January 1, 2017.

Non-Compensation Expenses. The balance of our operating expenses includes costs for occupancy and equipment rental, professional fees, travel and related expenses, communications and information technology services, depreciation and amortization, acquisition and transition costs and other operating expenses. We refer to all of these expenses as non-compensation expenses.

Other Expenses

Other Expenses include the following:

• Amortization of LP Units/Interests and Certain Other Awards - Includes amortization costs associated with the vesting of Class E LP Units and Class G and H LP Interests issued in conjunction with the acquisition of ISI and certain other related awards.

• Other Acquisition Related Compensation Charges - Includes compensation charges in 2015 and 2014 associated with deferred consideration, retention awards and related compensation for Lexicon employees.

• Special Charges - Includes an expense in 2016 related to an impairment charge associated with our investment in Atalanta Sosnoff. Expenses in 2015 primarily related to an impairment charge associated with the impairment of goodwill in the Institutional Asset Management reporting unit and charges related to the restructuring of our investment in Atalanta Sosnoff, primarily related to the conversion of certain of Atalanta Sosnoff's profits interests held by management to equity interests. Special Charges for 2015 also include separation benefits and costs associated with the termination of certain contracts within our Evercore ISI business and the finalization of a matter associated with

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the wind-down of our U.S. Private Equity business. Special Charges in 2014 primarily related to separation benefits and certain exit costs related to combining the equities business upon the ISI acquisition during 2014 and a provision recorded in 2014 against contingent consideration due on the 2013 disposition of Evercore Pan-Asset Capital Management.

• Professional Fees - Includes expense associated with share based awards resulting from increases in the share price, which is required upon change in employment status.

• Acquisition and Transition Costs - Includes costs incurred in connection with acquisitions and other ongoing business development initiatives, primarily comprised of professional fees for legal and other services, as well as the reversal of a provision for certain settlements in 2016 previously established in the fourth quarter of 2015 and costs related to transitioning ISI's infrastructure in 2015.

• Fair Value of Contingent Consideration - Includes expense associated with changes in the fair value of contingent consideration issued to the sellers of certain of our acquisitions.

• Intangible Asset and Other Amortization - Includes amortization of intangible assets and other purchase accounting-related amortization associated with certain acquisitions.

Income from Equity Method Investments

Our share of the income (loss) from our equity interests in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) are included within Income from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations.

Provision for Income Taxes

We account for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of our assets and liabilities. We adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09") on January 1, 2017, which resulted in excess tax benefits and deficiencies from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. See Note 2 to our consolidated financial statements for further information.

Noncontrolling Interest

We record noncontrolling interest relating to the ownership interests of our current and former Senior Managing Directors and other officers and their estate planning vehicles in Evercore LP, as well as the portions of our operating subsidiaries not owned by Evercore. As described in Note 15 to our consolidated financial statements herein, Evercore Inc. is the sole general partner of Evercore LP and has a majority economic interest in Evercore LP. As a result, Evercore Inc. consolidates Evercore LP and records a noncontrolling interest for the economic interest in Evercore LP held by the limited partners.

We generally allocate net income or loss to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the relative ownership interest of the noncontrolling interest holders for the period by the net income or loss of the entity to which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, then the net income or loss of these entities is allocated based on these special allocations.

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Results of Operations

The following is a discussion of our results of operations for the years ended December 31, 2016, 2015 and 2014. For a more detailed discussion of the factors that affected the revenue and operating expenses of our Investment Banking and Investment Management business segments in these periods, see the discussion in "Business Segments" below.

	For the Years Ended December 31,						Change
	2016		2015		2014		2016 v. 2015		2015 v. 2014
	(dollars in thousands, except per share data)
Revenues
Investment Banking Revenue	$	1,364,098	$	1,133,860	$	821,359	20	%	38	%
Investment Management Revenue	75,807		95,129		98,751		(20	%)	(4	%)
Other Revenue, Including Interest	16,885		11,259		11,292		50	%	—	%
Total Revenues	1,456,790		1,240,248		931,402		17	%	33	%
Interest Expense	16,738		16,975		15,544		(1	%)	9	%
Net Revenues	1,440,052		1,223,273		915,858		18	%	34	%
Expenses
Operating Expenses	1,077,706		946,532		719,474		14	%	32	%
Other Expenses	101,172		148,071		25,437		(32	%)	482	%
Total Expenses	1,178,878		1,094,603		744,911		8	%	47	%
Income Before Income from Equity Method Investments and Income Taxes	261,174		128,670		170,947		103	%	(25	%)
Income from Equity Method Investments	6,641		6,050		5,180		10	%	17	%
Income Before Income Taxes	267,815		134,720		176,127		99	%	(24	%)
Provision for Income Taxes	119,303		77,030		68,756		55	%	12	%
Net Income	148,512		57,690		107,371		157	%	(46	%)
Net Income Attributable to Noncontrolling Interest	40,984		14,827		20,497		176	%	(28	%)
Net Income Attributable to Evercore Inc.	$	107,528	$	42,863	$	86,874	151	%	(51	%)
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders	$	2.43	$	0.98	$	2.08	148	%	(53	%)

2016 versus 2015

Net Revenues were $1.440 billionin 2016, an increase of $216.8 million, or 18%, versus Net Revenues of $1.223 billionin 2015. Investment Banking Revenue increased 20% and Investment Management Revenue decreased 20% compared to 2015. On September 30, 2016, we transferred ownership of our Mexican Private Equity business and related entities to Glisco. The results of the Mexican Private Equity business were consolidated until September 30, 2016, which included Net Revenues of $10.4 million and Total Expenses of $2.5 million (Net Revenues of $8.8 million and Total Expenses of $3.9 million in 2015). On December 31, 2015, we deconsolidated the assets and liabilities of Atalanta Sosnoff and we accounted for our interest as an equity method investment from that date forward. In 2015, the results of Atalanta Sosnoff were consolidated, which included Net Revenues of $21.6 million and Total Expenses of $20.2 million. Other Revenue in 2016 was 50% higher than in 2015, which was partially attributable to a gain resulting from the transfer of ownership of the Mexican Private Equity business on September 30, 2016, as well as foreign currency gains resulting from currency fluctuations following the Brexit vote in June 2016.

Total Operating Expenses were $1.078 billionin 2016, as compared to $946.5 millionin 2015, an increase of $131.2 million, or 14%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $819.7 millionin 2016, an increase of $116.7 million, or 17%, versus expense of $703.0 millionin 2015. The increase was primarily due to increased compensation costs resulting from the expansion of our businesses, including costs from share-based and other deferred and incentive compensation arrangements, as well as increased annual incentive compensation related to the 18% increase in Net Revenues. Headcount increased 5% from 2015 to 2016. The increase in Employee Compensation and Benefits

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Expense, as a component of Operating Expenses, was also due to increased costs related to awards issued in conjunction with the appointment of our Executive Chairman in November 2016. See Note 17 to our consolidated financial statements for further information. Non-compensation expenses as a component of Operating Expenses were $258.0 millionin 2016, an increase of $14.5 million, or 6%, over non-compensation operating expenses of $243.5 million in 2015. Non-compensation operating expenses increased compared to 2015 primarily driven by increased headcount, increased new business costs associated with higher levels of global transaction activity and higher professional fees. Non-compensation operating expenses for 2016 included execution and clearing costs of $17.5 million, compared to $18.7 million for 2015.

Total Other Expenses of $101.2 millionin 2016 included compensation costs associated with the vesting of LP Units and Interests and certain other awards of $80.8 million, primarily related to Evercore LP Units and Interests granted in conjunction with the acquisition of ISI, Special Charges of $8.1 million, related to an impairment charge associated with the impairment of our investment in Atalanta Sosnoff, Acquisition and Transition Costs of $0.1 million, changes to the fair value of contingent consideration of $1.1 million and intangible asset and other amortization of $11.0 million. Total Other Expenses of $148.1 million in 2015 included compensation costs associated with the vesting of LP Units and Interests and certain other awards of $83.7 million, primarily related to Evercore LP Units and Interests granted in conjunction with the acquisition of ISI, other acquisition related compensation costs of $1.5 million, Special Charges of $41.1 million, primarily related to an impairment charge associated with the impairment of goodwill in our Institutional Asset Management reporting unit, Acquisition and Transition Costs of $4.9 million, changes to the fair value of contingent consideration of $2.7 million and intangible asset and other amortization of $14.1 million.

Assuming the maximum thresholds for the Class G and H LP Interests were considered probable of achievement at December 31, 2016, an additional $35.0 million of expense would have been incurred for the year ended December 31, 2016 and the remaining expense to be accrued over the future vesting period extending from January 1, 2017 to February 15, 2020 would be $110.5 million. In that circumstance, the total number of Class G and H LP Interests that would vest and become exchangeable to Class E LP Units would be 4.9 million. Conversely, the life to date actual accrued expense related to unvested Class G and H LP Interests as of December 31, 2016 was $87.0 million, which would be reversed if the actual performance falls below, or is deemed probable of falling below, the minimum thresholds prior to vesting.

As a result of the factors noted above, Employee Compensation and Benefits Expense as a percentage of Net Revenues was 63% for the year ended December 31, 2016, compared to 64% for the year ended December 31, 2015.

Income from Equity Method Investments was $6.6 millionin 2016, as compared to $6.1 millionin 2015. The increase was primarily a result of the inclusion of Atalanta Sosnoff's earnings for the year ended December 31, 2016, partially offset by a decrease in earnings from ABS.

The provision for income taxes in 2016 was $119.3 million, which reflected an effective tax rate of 45%. The provision for income taxes in 2015 was $77.0 million, which reflected an effective tax rate of 57%. The provision for income taxes for 2016 and 2015 reflects the effect of certain nondeductible expenses, including expenses related to Class E LP Units and Class G and H LP Interests in 2016, as well as the noncontrolling interest associated with LP Units and other adjustments.

Net Income Attributable to Noncontrolling Interest was $41.0 millionin 2016 compared to $14.8 millionin 2015. The increase in Net Income Attributable to Noncontrolling Interest reflects higher income allocated to Evercore LP during the year ended December 31, 2016, as well as the impact of the impairment of goodwill in the Institutional Asset Management reporting unit during the year ended December 31, 2015.

2015versus 2014

Net Revenues were $1.223 billion in 2015, an increase of $307.4 million, or 34%, versus Net Revenues of $915.9 million in 2014. Investment Banking Revenue increased 38% and Investment Management Revenue decreased 4% compared to 2014. Investment Banking Revenue includes the results of ISI following its acquisition on October 31, 2014. See the segment discussion below for further information. Other Revenue in 2015 was flat from 2014. Net Revenues include interest expense on our Notes Payable, subordinated borrowings and line of credit.

Total Operating Expenses were $946.5 million in 2015, as compared to $719.5 million in 2014, an increase of $227.0 million, or 32%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $703.0 million in 2015, an increase of $164.8 million, or 31%, versus expense of $538.2 million in 2014. The increase was primarily due to the acquisition of ISI and other increased compensation costs resulting from the expansion of our businesses, and higher costs from share-based and other deferred compensation arrangements. Non-compensation expenses as a component of Operating

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Expenses were $243.5 million in 2015, an increase of $62.2 million, or 34%, over non-compensation operating expenses of $181.3 million in 2014. Non-compensation operating expenses increased compared to 2014 primarily driven by the acquisition of ISI, as well as increased headcount, increased new business costs associated with higher levels of global transaction activity and higher professional fees. Non-compensation operating expenses for 2015 included execution and clearing costs of $18.7 million, compared to $5.5 million for 2014.

Total Other Expenses of $148.1 million in 2015 included compensation costs associated with the vesting of LP Units and Interests and certain other awards of $83.7 million, primarily related to Evercore LP units and interests granted in conjunction with the acquisition of ISI, other acquisition related compensation costs of $1.5 million, Special Charges of $41.1 million, primarily related to an impairment charge associated with the impairment of goodwill in our Institutional Asset Management reporting unit, Acquisition and Transition costs of $4.9 million, changes to the fair value of contingent consideration of $2.7 million and intangible asset and other amortization of $14.1 million. Total Other Expenses of $25.4 million in 2014 included compensation costs associated with the vesting of LP Units and certain other awards of $3.4 million, other acquisition related compensation costs of $7.9 million, Special Charges of $4.9 million, Professional Fees of $1.7 million, Acquisition and Transition costs of $4.7 million and intangible asset and other amortization of $2.8 million.

As a result of the factors noted above, Employee Compensation and Benefits Expense as a percentage of Net Revenues was 64% for the year ended December 31, 2015, compared to 60% for the year ended December 31, 2014.

Income from Equity Method Investments was $6.1 million in 2015, an increase of 17% as compared to $5.2 million in 2014. The increase was a result of an increase in earnings from ABS and G5 ǀ Evercore.

The provision for income taxes in 2015 was $77.0 million, which reflected an effective tax rate of 57%. The provision for income taxes in 2014 was $68.8 million, which reflected an effective tax rate of 39%. The provision for income taxes for 2015 and 2014 reflects the effect of certain nondeductible expenses, including expenses related to Class E LP Units, Class G and H LP Interests and the equity interest issued by Atalanta Sosnoff in 2015, as well as the noncontrolling interest associated with LP Units and other adjustments.

Noncontrolling Interest was $14.8 million in 2015 compared to $20.5 million in 2014.

Impairment of Assets

Investments

During the fourth quarter of 2016, following the retirement of the founding member of Atalanta Sosnoff, we performed an assessment of the carrying value of our equity interest in Atalanta Sosnoff for other-than-temporary impairment in accordance with ASC 323-10, "Investments - Equity Method and Joint Ventures" ("ASC 323-10").

In determining the fair value of our investment, we utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. The market multiple approach included applying the average earnings multiples of comparable public companies, multiplied by the forecasted earnings of Atalanta Sosnoff, to yield an estimate of fair value. The discounted cash flow methodology began with the forecasted cash flows of Atalanta Sosnoff and applied a discount rate of 15.5%, which reflected the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The forecast inherent in the valuation assumes growth in revenues and earnings by the end of 2018, and, over the longer term, assumes a compound annual growth rate in revenues of 6% from the trailing twelve month period ended November 30, 2016.

As a result of the above analysis, we determined that the fair value of our investment in Atalanta Sosnoff was less than its carrying value as of November 30, 2016. We concluded this loss in value was other-than-temporary. Accordingly, we recorded an impairment charge of $8.1 million, in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2016, resulting in an investment in Atalanta Sosnoff at its fair value of $14.7 million as of November 30, 2016. This charge resulted in a decrease of $4.0 million to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2016.

Goodwill

At November 30, 2016, in accordance with ASC 350, "Intangibles - Goodwill and Other" ("ASC 350"), we performed our annual Goodwill impairment assessment. We concluded that the fair value of our reporting units substantially exceeded their carrying values as of November 30, 2016.

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During the third quarter of 2015, the Institutional Asset Management reporting unit was impacted by adverse market and operating conditions, including a decline in AUM that was greater than anticipated at the time of our previous Step 1 impairment assessment, investment performance below benchmarks and lower market multiples for asset managers in response to market volatility during the third quarter. As a result, we determined that the Step 1 impairment assessment criteria were satisfied, as contemplated by ASC 350 for the goodwill in our Institutional Asset Management reporting unit as of August 31, 2015.

In determining the fair value of this reporting unit, we utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. As a result of the analysis, we determined that the fair value of the Institutional Asset Management reporting unit was less than its carrying value as of August 31, 2015. As a result, during the third quarter of 2015, we began a Step 2 impairment assessment, which was completed during the fourth quarter of 2015. We recorded a goodwill impairment charge of $28.5 million in the Investment Management segment, which is included within Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2015. This charge resulted in a decrease of $9.8 million to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2015.

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Business Segments

The following data presents revenue, expenses and contributions from our equity method investments by business segment.

Investment Banking

The following table summarizes the operating results of the Investment Banking segment.

	For the Years Ended December 31,									Change
	2016			2015			2014			2016 v. 2015		2015 v. 2014
	(dollars in thousands)
Revenues
Investment Banking Revenue:
Advisory Fees	$	1,096,829		$	865,494		$	727,678		27	%	19	%
Commissions and Related Fees	231,005			228,229			65,580			1	%	248	%
Underwriting Fees	36,264			40,137			28,101			(10	%)	43	%
Total Investment Banking Revenue (1)	1,364,098			1,133,860			821,359			20	%	38	%
Other Revenue, net (2)	(239		)	(2,945		)	(1,722		)	92	%	(71	%)
Net Revenues	1,363,859			1,130,915			819,637			21	%	38	%
Expenses
Operating Expenses	1,020,327			869,301			632,927			17	%	37	%
Other Expenses	92,172			108,739			25,109			(15	%)	333	%
Total Expenses	1,112,499			978,040			658,036			14	%	49	%
Operating Income (3)	251,360			152,875			161,601			64	%	(5	%)
Income from Equity Method Investments	1,370			978			495			40	%	98	%
Pre-Tax Income	$	252,730		$	153,853		$	162,096		64	%	(5	%)

(1) Includes client related expenses of $24.5 million, $22.6 million and $17.7 million for the years ended December 31, 2016, 2015 and 2014, respectively.

(2) Includes interest expense on the Notes Payable, subordinated borrowings and the line of credit of $9.6 million, $6.0 million and $4.5 million for the years ended December 31, 2016, 2015 and 2014, respectively.

(3) Includes Noncontrolling Interest of $2.5 million, $2.0 million and ($2.9) million for the years ended December 31, 2016, 2015 and 2014, respectively.

8

For 2016, the dollar value of North American announced and completed M&A activity decreased 16% and 2%, respectively, compared to 2015, while the dollar value of Global announced and completed M&A activity for 2016 decreased 15% and 2%, respectively, compared to 2015:

	For the Years Ended December 31,						Change
	2016		2015		2014		2016 v. 2015		2015 v. 2014
Industry Statistics ($ in billions) *
Value of North American M&A Deals Announced	$	1,745	$	2,066	$	1,469	(16	%)	41	%
Value of North American M&A Deals Completed	$	1,575	$	1,601	$	1,267	(2	%)	26	%
Value of Global M&A Deals Announced	$	3,651	$	4,311	$	3,237	(15	%)	33	%
Value of Global M&A Deals Completed	$	3,238	$	3,292	$	2,565	(2	%)	28	%
Evercore Statistics **
Total Number of Advisory Client Transactions	568		484		418		17	%	16	%
Investment Banking Fees of at Least $1 million from Advisory Client Transactions	246		180		173		37	%	4	%

* Source: Thomson Reuters January 5, 2017

** Includes revenue generating clients only

Investment Banking Results of Operations

2016 versus 2015

Net Investment Banking Revenues were $1.364 billionin 2016 compared to $1.131 billion in 2015, which represented an increase of 21%. We earned advisory fees from 568 clients in 2016 compared to 484 in 2015, representing a 17% increase. We had 246 fees in excess of $1.0 million in 2016, compared to 180 in 2015, representing a 37% increase. The increase in revenues from 2015 primarily reflects an increase of $231.3 million, or 27%, in Advisory fees, principally driven by higher volume and value of deals in our U.S. and U.K. businesses reflecting increased market share, and an increase of $2.8 million, or 1%, in our Commissions and Related Fees, principally driven by higher trading volumes which occurred in lower priced automated execution channels at Evercore ISI. These increases were partially offset by a decrease of $3.9 million, or 10%, in Underwriting Fees, principally related to market conditions during 2016.

Operating Expenses were $1.020 billionin 2016 compared to $869.3 million in 2015, an increase of $151.0 million, or 17%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $780.3 millionin 2016, as compared to $648.9 million in 2015, an increase of $131.4 million, or 20%. The increase was primarily due to increased compensation costs resulting from the expansion of our businesses, including costs from share-based and other deferred and incentive compensation arrangements, as well as increased annual incentive compensation related to the 21% increase in Net Revenues. Non-compensation expenses, as a component of Operating Expenses, were $240.0 millionin 2016, as compared to $220.4 million in 2015, an increase of $19.6 million, or 9%. Non-compensation operating expenses increased from the prior year primarily driven by increased headcount within the business, increased new business costs associated with higher levels of global transaction activity and higher professional fees.

Other Expenses of $92.2 millionin 2016 included compensation costs associated with the vesting of LP Units and Interests and certain other awards of $80.8 million, primarily related to Evercore LP Units and Interests granted in conjunction with the acquisition of ISI, Acquisition and Transition Costs of ($0.7) million, primarily reflecting the reversal of a provision for certain settlements in 2016 previously established in the fourth quarter of 2015, changes to the fair value of contingent consideration of $1.1 million and intangible asset and other amortization of $10.9 million. Other Expenses of $108.7 million in 2015 included compensation costs associated with the vesting of LP Units and Interests and certain other awards of $83.7 million, primarily related to Evercore LP Units and Interests granted in conjunction with the acquisition of ISI, other acquisition related compensation costs of $1.5 million, Special Charges of $2.2 million, Acquisition and Transition Costs of $4.9 million, changes to the fair value of contingent consideration of $2.7 million and intangible asset and other amortization of $13.8 million.

9

2015 versus 2014

Net Investment Banking Revenues were $1.131 billion in 2015 compared to $819.6 million in 2014, which represented an increase of 38%. We earned advisory fees from 484 client transactions in 2015 compared to 418 in 2014, representing a 16% increase. We had 180 fees in excess of $1.0 million in 2015, compared to 173 in 2014, representing a 4% increase. The increase in revenues from 2014 primarily reflects an increase in our Commissions and Related Fees following our acquisition of ISI on October 31, 2014 and an increase of 19% in Advisory Fees, principally driven by higher volume and value of deals in our U.S. and U.K. businesses. Underwriting fees increased 43% from 2014 primarily due to an increase in fees from our U.S. and Mexico businesses.

Operating Expenses were $869.3 million in 2015 compared to $632.9 million in 2014, an increase of $236.4 million, or 37%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $648.9 million in 2015, as compared to $481.3 million in 2014, an increase of $167.6 million, or 35%. The increase was primarily due to the acquisition of ISI and other increased compensation costs resulting from the expansion of our businesses, and higher costs from share-based and other deferred compensation arrangements. Non-compensation expenses, as a component of Operating Expenses, were $220.4 million in 2015, as compared to $151.6 million in 2014, an increase of $68.8 million, or 45%. Non-compensation operating expenses increased from the prior year primarily driven by the acquisition of ISI, as well as increased headcount within the business, increased new business costs associated with higher levels of global transaction activity and higher professional fees.

Other Expenses of $108.7 million in 2015 included compensation costs associated with the vesting of LP Units and Interests and certain other awards of $83.7 million, primarily related to Evercore LP units and interests granted in conjunction with the acquisition of ISI, other acquisition related compensation costs of $1.5 million, Special Charges of $2.2 million, Acquisition and Transition costs of $4.9 million, changes to the fair value of contingent consideration of $2.7 million and intangible asset and other amortization of $13.8 million. Other Expenses of $25.1 million in 2014 included compensation costs associated with the vesting of LP Units and certain other awards of $3.4 million, other acquisition related compensation costs of $7.9 million, Special Charges of $4.9 million, Professional Fees of $1.7 million, Acquisition and Transition costs of $4.7 million and intangible asset and other amortization of $2.5 million.

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Investment Management

The following table summarizes the operating results of the Investment Management segment.

	For the Years Ended December 31,								Change
	2016		2015			2014			2016 v. 2015		2015 v. 2014
	(dollars in thousands)
Revenues
Investment Advisory and Management Fees:
Wealth Management	$	36,411	$	34,659		$	30,827		5	%	12	%
Institutional Asset Management	24,286		46,100			45,872			(47	%)	—	%
Private Equity	3,674		5,603			8,127			(34	%)	(31	%)
Total Investment Advisory and Management Fees	64,371		86,362			84,826			(25	%)	2	%
Realized and Unrealized Gains:
Institutional Asset Management	3,820		3,681			6,067			4	%	(39	%)
Private Equity	7,616		5,086			7,858			50	%	(35	%)
Total Realized and Unrealized Gains	11,436		8,767			13,925			30	%	(37	%)
Investment Management Revenue (1)	75,807		95,129			98,751			(20	%)	(4	%)
Other Revenue, net (2)	386		(2,771		)	(2,530		)	NM		(10	%)
Net Investment Management Revenues	76,193		92,358			96,221			(18	%)	(4	%)
Expenses
Operating Expenses	57,379		77,231			86,547			(26	%)	(11	%)
Other Expenses (3)	9,000		39,332			328			(77	%)	NM
Total Expenses	66,379		116,563			86,875			(43	%)	34	%
Operating Income (Loss) (4)	9,814		(24,205		)	9,346			NM		NM
Income from Equity Method Investments (5)	5,271		5,072			4,685			4	%	8	%
Pre-Tax Income (Loss)	$	15,085	$	(19,133	)	$	14,031		NM		NM

(1) Includes client related expenses of $0.9 million, $0.07 million and $0.05 million for the years ended December 31, 2016, 2015 and 2014, respectively.

(2) Includes interest expense on the Notes Payable and the line of credit of $0.7 million, $3.6 million and $3.8 million for the years ended December 31, 2016, 2015 and 2014, respectively.

(3) Includes an impairment charge associated with the impairment of our equity method investment in Atalanta Sosnoff of $8.1 million for the year ended December 31, 2016. Includes an impairment charge associated with the impairment of goodwill in our Institutional Asset Management reporting unit of $28.5 million and charges of $7.1 million related to the restructuring of our investment in Atalanta Sosnoff for the year ended December 31, 2015.

(4) Includes Noncontrolling Interest of $2.9 million, $4.0 million and $4.0 million for the years ended December 31, 2016, 2015 and 2014, respectively.

(5) Equity in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) is classified as Income from Equity Method Investments.

Investment Management Results of Operations

Our Wealth Management business includes the results of EWM and ETCDE. Our Institutional Asset Management business includes the results of ETC, ECB and Atalanta Sosnoff (prior to its deconsolidation on December 31, 2015). Fee-based revenues from EWM, Atalanta Sosnoff and ECB are primarily earned on a percentage of AUM, while ETC and ETCDE primarily earn fees from negotiated trust services and fiduciary consulting arrangements.

On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco. This transaction closed on September 30, 2016. See Note 4 to our consolidated financial statements for further information.

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Prior to the Glisco transaction, we earned management fees on Glisco II and Glisco III of 2.25% and 2.0%, respectively, per annum of committed capital during its investment period, and 2.25% and 2.0%, respectively, per annum on net funded capital thereafter. In addition, the general partner of the private equity funds earned carried interest of 20% based on the fund's performance, provided it exceeds preferred return hurdles to its limited partners. We owned 8%-9% of the carried interest earned by the general partner of ECP II up until the fund's termination on December 31, 2014. A significant portion of any gains recognized related to ECP II, Glisco II and Glisco III, and any carried interest recognized by them, were distributed to certain of our private equity professionals.

In the event the private equity funds perform below certain thresholds we may be obligated to repay certain carried interest previously distributed. As of December 31, 2016, we had $1.4 million of previously distributed carried interest that may be subject to repayment.

We made investments accounted for under the equity method of accounting in G5 ǀ Evercore and ABS during the fourth quarters of 2010 and 2011, respectively, the results of which are included within Income from Equity Method Investments. On December 31, 2015, we amended the Operating Agreement of Atalanta Sosnoff, resulting in the deconsolidation of its assets and liabilities, and we accounted for its interest as an equity method investment from that date forward.

Assets Under Management

AUM for our Investment Management businesses of $8.0 billion at December 31, 2016 decreased compared to $8.2 billion at December 31, 2015. The amounts of AUM presented in the table below reflect the assets for which we charge a management fee. These assets reflect the fair value of assets managed on behalf of Institutional Asset Management and Wealth Management clients, and the amount of either the invested or committed capital of the Private Equity funds. As defined in ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820"), valuations performed for Level I investments are based on quoted prices obtained from active markets generated by third parties and Level II investments are valued through the use of models based on either direct or indirect observable inputs in the use of models or other valuation methodologies performed by third parties to determine fair value. For both the Level I and Level II investments, we obtain both active quotes from nationally recognized exchanges and third-party pricing services to determine market or fair value quotes, respectively. For Level III investments, pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation. Wealth Management maintained 64% of Level I investments, 32% of Level II investments and 4% of Level III investments as of December 31, 2016 and 66% of Level I investments and 34% of Level II investments as of December 31, 2015. Institutional Asset Management maintained 82% and 87% of Level I investments and 18% and 13% of Level II investments as of December 31, 2016 and 2015, respectively. As noted above, Private Equity AUM is not presented at fair value, but reported at either invested or committed capital in line with fee arrangements.

The fees that we receive for providing investment advisory and management services are primarily driven by the level and composition of AUM. Accordingly, client flows, market movements, foreign currency fluctuations and changes in our product mix will impact the level of management fees we receive from our investment management businesses. Fees vary with the type of assets managed and the channel in which they are managed, with higher fees earned on equity assets, alternative investment funds, such as hedge funds and private equity funds, and lower fees earned on fixed income and cash management products. Clients will increase or reduce the aggregate amount of AUM that we manage for a number of reasons, including changes in the level of assets that they have available for investment purposes, their overall asset allocation strategy, our relative performance versus competitors offering similar investment products and the quality of our service. The fees we earn are also impacted by our investment performance, as the appreciation or depreciation in the value of the assets that we manage directly impacts our fees.

The following table summarizes AUM activity for the years ended December 31, 2016 and 2015:

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	Wealth Management			Institutional Asset Management			Private Equity			Total
	(dollars in millions)
Balance at December 31, 2014	$	5,665		$	8,067		$	316		$	14,048
Inflows	1,024			1,805			1			2,830
Outflows	(446		)	(2,739		)	(13		)	(3,198		)
Deconsolidation of Atalanta Sosnoff (December 31, 2015)	—			(5,297		)	—			(5,297		)
Market Appreciation (Depreciation)	(34		)	(181		)	—			(215		)
Balance at December 31, 2015	$	6,209		$	1,655		$	304		$	8,168
Inflows	933			1,800			—			2,733
Outflows	(834		)	(1,471		)	—			(2,305		)
Transfer of Ownership of Mexican Private Equity Business (September 30, 2016)	—			—			(304		)	(304		)
Market Appreciation (Depreciation)	165			(458		)	—			(293		)
Balance at December 31, 2016	$	6,473		$	1,526		$	—		$	7,999
Unconsolidated Affiliates - Balance at December 31, 2016:
Atalanta Sosnoff	$	—		$	5,103		$	—		$	5,103
G5 ǀ Evercore	$	1,735		$	—		$	—		$	1,735
ABS	$	—		$	4,776		$	—		$	4,776

The following table represents the composition of our AUM for Wealth Management and Institutional Asset Management as of December 31, 2016:

	Wealth Management		Institutional Asset Management
Equities	55	%	19	%
Fixed Income	32	%	81	%
Liquidity (1)	8	%	—	%
Alternatives	5	%	—	%
Total	100	%	100	%

(1) Includes cash, cash equivalents and U.S. Treasury securities.

Our Wealth Management business serves individuals, families and related institutions delivering customized investment management, financial planning, and trust and custody services. Investment portfolios are tailored to meet the investment objectives of individual clients and reflect a blend of equity, fixed income and other products. Fees charged to clients reflect the composition of the assets managed and the services provided. Investment performance in the Wealth Management businesses is measured against appropriate indices based on the AUM, most frequently the S&P 500 and a composite fixed income index principally reflecting BarCap and MSCI indices.

In 2016, AUM for Wealth Management increased 4%, reflecting a 2% increase due to flows and a 2% increase due to market appreciation. Wealth Management lagged the S&P 500 on a 1 and 3 year basis by 7% and 2%, respectively, during the period and outperformed the fixed income composite on a 1 and 3 year basis by 50 basis points and 10 basis points, respectively. For the period, the S&P 500 was up 12%, while the fixed income composite decreased by 1%.

In 2015, AUM for Wealth Management increased 10%, reflecting a 10% increase due to flows, partially offset by a slight decrease due to market depreciation. Wealth Management lagged the S&P 500 on a 1 year basis by 3% and outperformed the S&P 500 on a 3 year basis by 2% during the period and lagged the fixed income composite on a 1 year basis by 40 bps and tracked the fixed income composite on a 3 year basis. For the period, the S&P 500 was up 1%, while the fixed income composite increased by 3%.

Our Institutional Asset Management business reflects assets managed by ECB and reflected assets managed by Atalanta Sosnoff prior to its deconsolidation on December 31, 2015. ECB primarily manages Mexican Government and corporate fixed

13

income securities, as well as equity products. ECB utilizes the IPC Index, which is a capitalization weighted index of leading equities traded on the Mexican Stock Exchange and the Cetes 28 Index, which is an index of Treasury Bills issued by the Mexican Government, as benchmarks in reviewing their performance and managing their investment decisions.

In 2016, AUM for Institutional Asset Management decreased 8%, reflecting a 28% decrease due to market depreciation, partially offset by a 20% increase due to flows. ECB's AUM decrease from market depreciation primarily reflects the impact of the fluctuation of foreign currency.

In 2015, AUM for Institutional Asset Management decreased 79%, primarily reflecting a 66% decrease due to the deconsolidation of Atalanta Sosnoff on December 31, 2015, as well as an 11% decrease due to flows and a 2% decrease due to market depreciation. ECB's AUM decrease primarily reflects the impact of the fluctuation of foreign currency and net outflows.

Our Private Equity business included the assets of funds which our Private Equity professionals managed. These funds included ECP II (terminated on December 31, 2014), and the Discovery Fund, Glisco II and Glisco III prior to the closing of the Glisco transaction on September 30, 2016. See Note 9 to our consolidated financial statements for further information.

AUM from our unconsolidated affiliates decreased 3% from December 31, 2015, primarily related to negative performance in Atalanta Sosnoff and ABS.

2016 versus 2015

Net Investment Management Revenues were $76.2 millionin 2016, compared to $92.4 millionin 2015. Investment Advisory and Management Fees earned from the management of client portfolios and other investment advisory services decreased 25% from 2015, primarily reflecting a decrease in Institutional Asset Management fees related to our deconsolidation of Atalanta Sosnoff (which reflected Net Revenues of $21.6 million for the year ended December 31, 2015), partially offset by higher fees in Wealth Management of $1.8 million related to growth in AUM. Fee-based revenues included $0.3 million of revenues from performance fees during 2016 compared to $0.9 million during 2015. Realized and Unrealized Gains increased 30% from the prior year primarily resulting from higher gains and performance fees in our private equity funds. Income from Equity Method Investments increased from 2015 primarily as a result of the inclusion of Atalanta Sosnoff's earnings in 2016.

Operating Expenses were $57.4 millionin 2016, as compared to $77.2 million in 2015, a decrease of $19.9 million, or 26%, primarily reflecting the deconsolidation of Atalanta Sosnoff (which reflected expenses of $20.2 million for the year ended December 31, 2015). Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $39.5 millionin 2016, as compared to $54.1 million in 2015, a decrease of $14.6 million, or 27%. Non-compensation expenses, as a component of Operating Expenses, were $17.9 millionin 2016, as compared to $23.1 million in 2015, a decrease of $5.2 million, or 23%.

Other Expenses of $9.0 millionin 2016 included Special Charges of $8.1 million, related to an impairment charge associated with the impairment of our investment in Atalanta Sosnoff, Acquisition and Transition Costs of $0.8 million and intangible asset and other amortization of $0.1 million. Other Expenses of $39.3 million in 2015 primarily included Special Charges of $28.5 million related to an impairment charge associated with the impairment of goodwill in our Institutional Asset Management reporting unit. See "Impairment of Assets" above for further information.

2015 versus 2014

Net Investment Management Revenues were $92.4 million in 2015, compared to $96.2 million in 2014. Investment Advisory and Management Fees earned from the management of client portfolios and other investment advisory services increased 2% from 2014, primarily reflecting an increase in AUM in Wealth Management, partially offset by a decrease in Private Equity fees. Fee-based revenues included $0.9 million of revenues from performance fees during 2015 compared to $0.2 million during 2014. Realized and Unrealized Gains decreased 37% from the prior year primarily resulting from lower gains in our private equity funds and Institutional Asset Management. Income from Equity Method Investments increased from 2014 as a result of an increase in earnings from our investments in ABS and G5 ǀ Evercore.

Operating Expenses were $77.2 million in 2015, as compared to $86.5 million in 2014, a decrease of $9.3 million, or 11%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $54.1 million in 2015, as compared to $56.9 million in 2014, a decrease of $2.8 million, or 5%. Non-compensation expenses, as a component of Operating Expenses, were $23.1 million in 2015, as compared to $29.7 million in 2014, a decrease of $6.6 million, or 22%.

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Other Expenses of $39.3 million in 2015 primarily included special charges of $28.5 million related to an impairment charge associated with the impairment of goodwill in our Institutional Asset Management reporting unit. See "Impairment of Assets" above for further information. Other Expenses of $0.3 million in 2014 were related to intangible asset amortization.

Cash Flows

Our operating cash flows are primarily influenced by the timing and receipt of investment banking and investment management fees, and the payment of operating expenses, including bonuses to our employees and interest expense on our repurchase agreements, Notes Payable, subordinated borrowings and the line of credit. Investment Banking advisory fees are generally collected within 90 days of billing. However, placement fees may be collected within 180 days of billing, with certain fees being collected in a period exceeding one year. Commissions earned from our agency trading activities are generally received from our clearing broker within 11 days. Fees from our Wealth Management and Institutional Asset Management businesses are generally billed and collected within 90 days. We traditionally pay a substantial portion of incentive compensation to personnel in the Investment Banking business and to executive officers during the first three months of each calendar year with respect to the prior year's results. Our investing and financing cash flows are primarily influenced by activities to deploy capital to fund investments and acquisitions, raise capital through the issuance of stock or debt, repurchase of outstanding Class A Shares, and/or noncontrolling interest in Evercore LP, as well as our other subsidiaries, payment of dividends and other periodic distributions to our stakeholders. We generally make dividend payments and other distributions on a quarterly basis. We periodically draw down on our line of credit to balance the timing of our operating, investing and financing cash flow needs. A summary of our operating, investing and financing cash flows is as follows:

	For the Years Ended December 31,
	2016			2015			2014
	(dollars in thousands)
Cash Provided By (Used In)
Operating activities:
Net income	$	148,512		$	57,690		$	107,371
Non-cash charges	307,648			271,691			147,857
Other operating activities	(34,591		)	38,290			(3,994		)
Operating activities	421,569			367,671			251,234
Investing activities	(48,504		)	(26,117		)	25,035
Financing activities	(237,958		)	(234,623		)	(214,857		)
Effect of exchange rate changes	(25,347		)	(10,327		)	(7,705		)
Net Increase in Cash and Cash Equivalents	109,760			96,604			53,707
Cash and Cash Equivalents
Beginning of Period	448,764			352,160			298,453
End of Period	$	558,524		$	448,764		$	352,160

2016. Cash and Cash Equivalents were $558.5 million at December 31, 2016, an increase of $109.8 million versus Cash and Cash Equivalents of $448.8 million at December 31, 2015. Operating activities resulted in a net inflow of $421.6 million, primarily related to earnings. Cash of $48.5 million was used in investing activities primarily related to net purchases of marketable securities, purchases of furniture, equipment and leasehold improvements and an increase in restricted cash. Financing activities during the period used cash of $238.0 million, primarily for the payment of dividends and distributions to noncontrolling interest holders, treasury stock purchases and the repayment of the outstanding borrowings under the senior credit facility with Mizuho Bank, Ltd. ("Mizuho"), partially offset by the issuance of the Private Placement Notes.

2015. Cash and Cash Equivalents were $448.8 million at December 31, 2015, an increase of $96.6 million versus Cash and Cash Equivalents of $352.2 million at December 31, 2014. Operating activities resulted in a net inflow of $367.7 million, primarily related to earnings. Cash of $26.1 million was used in investing activities primarily related to purchases of furniture, equipment and leasehold improvements and net purchases of marketable securities and corporate investments, partially offset by distributions from private equity investments. Financing activities during the period used cash of $234.6 million, primarily for the payment of dividends and distributions to noncontrolling interest holders, as well as treasury stock purchases.

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2014. Cash and Cash Equivalents were $352.2 million at December 31, 2014, an increase of $53.7 million versus Cash and Cash Equivalents of $298.5 million at December 31, 2013. Operating activities resulted in a net inflow of $251.2 million, primarily related to earnings. Cash of $25.0 million was provided by investing activities primarily related to cash acquired from acquisitions and net proceeds from maturities and sales of marketable securities, partially offset by investments purchased and purchases of furniture, equipment and leasehold improvements. Financing activities during the period used cash of $214.9 million, primarily for the payment of dividends and distributions to noncontrolling interest holders, as well as treasury stock and noncontrolling interest purchases.

Liquidity and Capital Resources

General

Our current assets include Cash and Cash Equivalents, Marketable Securities and Accounts Receivable relating to Investment Banking and Investment Management revenues. Our current liabilities include accrued expenses, accrued employee compensation and short-term borrowings. We traditionally have made payments for employee bonus awards and year-end distributions to partners in the first quarter of the year with respect to the prior year's results. In addition, payments in respect of deferred cash compensation arrangements are also made in the first quarter. From time to time, advances may also be made in satisfaction of commitments to new employees, at or near the date they begin employment. Cash distributions related to partnership tax allocations are made to the partners of Evercore LP and EWM in accordance with our corporate estimated payment calendar; these payments are made prior to the end of each calendar quarter. In addition, dividends on Class A Shares, and related distributions to partners of Evercore LP, are paid when and if declared by the Board of Directors, which is generally quarterly.

We regularly monitor our liquidity position, including cash, other significant working capital, current assets and liabilities, long-term liabilities, lease commitments and related fixed assets, principal investment commitments related to our Investment Management business, dividends on Class A Shares, partnership distributions and other capital transactions, as well as other matters relating to liquidity and compliance with regulatory requirements. Our liquidity is highly dependent on our revenue stream from our operations, principally from our Investment Banking business, which is a function of closing transactions and earning success fees, the timing and realization of which is irregular and dependent upon factors that are not subject to our control. Our revenue stream funds the payment of our expenses, including annual bonus payments, a portion of which are guaranteed, deferred compensation arrangements, interest expense on our repurchase agreements, Notes Payable, subordinated borrowings, the line of credit and other financing arrangements and income taxes. Payments made for income taxes may be reduced by deductions taken for the increase in tax basis of our investment in Evercore LP. These tax deductions, when realized, require payment under our long-term liability, Amounts Due Pursuant to Tax Receivable Agreements. We intend to fund these payments from cash and cash equivalents on hand, principally derived from cash flows from operations. These tax deductions, when realized, will result in cash otherwise required to satisfy tax obligations becoming available for other purposes. Our Management Committee meets regularly to monitor our liquidity and cash positions against our short and long-term obligations, as well as our capital requirements and commitments. The result of this review contributes to management's recommendation to the Board of Directors as to the level of quarterly dividend payments, if any.

As a financial services firm, our businesses are materially affected by conditions in the global financial markets and economic conditions throughout the world. Revenue generated by our advisory activities is related to the number and value of the transactions in which we are involved. In addition, revenue related to our equities business is driven by market volumes. During periods of unfavorable market or economic conditions, the number and value of M&A transactions, as well as market volumes in equities, generally decrease, and they generally increase during periods of favorable market or economic conditions. Restructuring activity generally is counter-cyclical to M&A activity. In addition, during periods of unfavorable market conditions our Investment Management business may be impacted by reduced equity valuations and generate relatively lower revenue because fees we receive, either directly or through our affiliates, typically are in part based on the market value of underlying publicly-traded securities. Our profitability may also be adversely affected by our fixed costs and the possibility that we would be unable to scale back other costs within a time frame and in an amount sufficient to match any decreases in revenue relating to changes in market and economic conditions. Reduced equity valuations resulting from future adverse economic events and/or market conditions may impact our performance and may result in future net redemptions of AUM from our clients, which would generally result in lower revenues and cash flows. These adverse conditions could also have an impact on our goodwill impairment assessment, which is done annually, as of November 30th, or more frequently if circumstances indicate impairment may have occurred.

Changes in regulation, market structure or business activity arising from the ongoing discussions over the U.K.'s implementation of its separation from the EU may have a negative impact on our business operations in the U.K., and globally,

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over the intermediate term. We will continue to monitor and manage the potential implications of the separation, including assessing opportunities that may arise, as the potential impact on the U.K. and European economy becomes more evident.

We assess our equity method investments for impairment annually, or more frequently if circumstances indicate impairment may have occurred. These circumstances could include unfavorable market conditions or the loss of key personnel of the investee.

For a further discussion of risks related to our business, refer to "Risk Factors" elsewhere in this Form 10-K.

Stock Incentive Plan

During the second quarter of 2016, our stockholders approved the Amended and Restated 2016 Evercore Inc. Stock Incentive Plan. The amended plan, among other things, authorizes an additional 10.0 million shares of our Class A Shares.

Treasury and Noncontrolling Interest Repurchases

We periodically repurchase Class A Shares and/or LP Units into Treasury in order to reduce the dilutive effect of equity awards granted. In addition, we may from time to time, purchase noncontrolling interests in subsidiaries.

In October 2014, our Board of Directors authorized the repurchase of additional Class A Shares and/or LP Units so that going forward Evercore will be able to repurchase an aggregate of seven million Class A Shares and/or LP Units for up to $350.0 million. On April 25, 2016, our Board of Directors authorized the repurchase of additional Class A Shares and/or LP Units so that going forward Evercore will be able to repurchase an aggregate of 7.5 million Class A Shares and/or LP Units for up to $450.0 million. Under this share repurchase program, shares may be repurchased from time to time in open market transactions, in privately-negotiated transactions or otherwise. The timing and the actual amount of shares repurchased will depend on a variety of factors, including legal requirements, price, economic and market conditions and the objective to reduce the dilutive effect of equity awards granted. This program may be suspended or discontinued at any time and does not have a specified expiration date. During 2016, we repurchased 2,407,897 shares/units, at an average cost per share/unit of $48.21, for $116.1 million pursuant to our repurchase program.

In addition, periodically, we buy shares into treasury from our employees in order to allow them to satisfy their minimum tax requirements for share deliveries under our share equity plan. During 2016, we repurchased 1,087,340 shares, at an average cost per share of $47.63 for $51.8 million primarily related to minimum tax withholding requirements of share deliveries.

On January 29, 2016, we purchased, at fair value, all of the noncontrolling interest in ECB for $6.5 million.

Private Placement

On March 30, 2016, we issued an aggregate $170.0 million of senior notes, including: $38.0 million aggregate principal amount of its 4.88% Series A senior notes due 2021 (the "Series A Notes"), $67.0 million aggregate principal amount of its 5.23% Series B senior notes due 2023 (the "Series B Notes"), $48.0 million aggregate principal amount of its 5.48% Series C senior notes due 2026 (the "Series C Notes") and $17.0 million aggregate principal amount of its 5.58% Series D senior notes due 2028 (the "Series D Notes"), pursuant to a note purchase agreement (the "Note Purchase Agreement") dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the Private Placement Notes is payable semi-annually and the Private Placement Notes are guaranteed by certain of our domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the Private Placement Notes plus accrued and unpaid interest to the prepayment date. The Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio, and customary events of default. As of December 31, 2016, we were in compliance with all of these covenants.

We used $120.0 million of the net proceeds from the Private Placement Notes to repay outstanding borrowings under the senior credit facility with Mizuho on March 30, 2016 and used the remaining net proceeds for general corporate purposes.

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Lines of Credit

On June 26, 2015, Evercore Partners Services East L.L.C. ("East"), a wholly-owned subsidiary of the Company, increased its line of credit from First Republic Bank to an aggregate principal amount of up to $75.0 million, to be used for working capital and other corporate activities, including, but not limited to, the repurchase of the Company's stock from time to time. This facility was secured by (i) cash and cash equivalents of East held in a designated account with First Republic Bank, (ii) certain of East's intercompany receivables and (iii) third party accounts receivable of EGL. Drawings under this facility bore interest at the prime rate. The facility was renewed on June 26, 2015 and the maturity date was extended to June 27, 2016. On January 15, 2016, the line of credit from First Republic Bank was decreased to an aggregate principal amount of up to $50.0 million. In addition, the agreement was modified to impose similar quarterly financial covenants as the Company agreed to in the senior credit facility with Mizuho executed in November 2015, including (i) a Minimum Consolidated Tangible Net Worth, (ii) a Minimum Unencumbered Liquid Asset Ratio and (iii) a Maximum Consolidated Leverage Ratio. On January 27, 2016, East drew down $50.0 million on this facility. East repaid and terminated its line of credit with First Republic Bank on June 23, 2016.

On June 24, 2016, East entered into a loan agreement with PNC Bank, National Association ("PNC") for a revolving credit facility in an aggregate principal amount of up to $30.0 million, to be used for working capital and other corporate activities. This facility is secured by East's accounts receivable and the proceeds therefrom, as well as certain assets of EGL, including certain of EGL's accounts receivable. In addition, the agreement contains certain reporting covenants as well as certain debt covenants that prohibit East and the Company from incurring other indebtedness subject to specified exceptions. Drawings under this facility bear interest at the prime rate. The facility matures on June 23, 2017, subject to an extension agreed to between East and PNC. On February 2, 2017, East drew down $30.0 million on this facility.

ECB maintains a line of credit with BBVA Bancomer to fund its trading activities on an intra-day and overnight basis. The facility has a maximum aggregate principal amount of approximately $9.7 million and is secured by trading securities. No interest is charged on the intra-day facility. The overnight facility is charged the Inter-Bank Balance Interest Rate plus 10 basis points. There have been no significant draw downs on ECB's line of credit since August 10, 2006. The line of credit is renewable annually.

Other Commitments

We have subordinated borrowings, principally with an executive officer of the Company, due on October 31, 2019. These borrowings have a coupon of 5.5%, payable semi-annually. In April 2016, we repaid $6.0 million of the original borrowings pursuant to a separate agreement. As of December 31, 2016, we had $16.6 million in subordinated borrowings pursuant to these agreements. In February 2017, the Company repaid $6.0 million of the original borrowings.

We have made certain capital commitments with respect to our investment activities, as well as commitments related to contingent consideration from our acquisitions, which are included in the Contractual Obligations section below.

During the first quarter of 2015, in conjunction with the Company entering into a strategic alliance with Luminis, we committed to loan Luminis $5.5 million. We paid Luminis $3.5 million pursuant to the loan agreement during the year ended December 31, 2015. In December 2016, we gave notice of our intent to exercise our call option to purchase a 19% interest in Luminis. As consideration for this transaction, we converted the $3.5 million loan issued to Luminis and transferred an additional $2.0 million of cash during December 2016. Accordingly, we recorded $5.5 million in Other Assets on our Consolidated Statement of Financial Condition as of December 31, 2016. This transaction closed on January 1, 2017 and will be accounted for under the equity method of accounting going forward.

Pursuant to deferred compensation and deferred consideration arrangements, we are obligated to make cash payments in future periods. For further information see Note 17 to our consolidated financial statements.

Certain of our subsidiaries are regulated entities and are subject to capital requirements. For further information see Note 19 to our consolidated financial statements.

Collateralized Financing Activity at ECB

ECB enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the

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open market or by entering into reverse repurchase agreements with unrelated third parties. We account for these repurchase and reverse repurchase agreements as collateralized financing transactions. We record a liability on our Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. We record as assets on our Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where we have acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where we have acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities included in Financial Instruments Owned and Pledged as Collateral at Fair Value on the Consolidated Statements of Financial Condition have an estimated average time to maturity of approximately 1.4 years, as of December 31, 2016, and are pledged as collateral against repurchase agreements, which are collateralized financing agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB, generally mature within one business day and permit the counterparty to pledge the securities. Increases and decreases in asset and liability levels related to these transactions are a function of growth in ECB's AUM, as well as clients' investment allocations requiring positioning in repurchase transactions.

ECB has procedures in place to monitor the daily risk limits for positions taken, as well as the credit risk based on the collateral pledged under these agreements against their contract value from inception to maturity date. The daily risk measure is Value at Risk, ("VaR"), which is a statistical measure, at a 98% confidence level, of the potential daily losses from adverse market movements in an ordinary market environment based on a historical simulation using the prior year's historical data. ECB's Risk Management Committee ("the Committee") has established a policy to maintain VaR at levels below 0.1% of the value of the portfolio. If at any point in time the threshold is exceeded, ECB personnel are alerted by an automated interface with ECB's trading systems and begin to make adjustments in the portfolio in order to mitigate the risk and bring the portfolio in compliance. Concurrently, ECB personnel must notify the Committee of the variance and the actions taken to reduce the exposure to loss.

In addition to monitoring VaR, ECB periodically performs discrete stress tests ("Stress Tests") to assure that the level of potential losses that would arise from extreme market movements that may not be anticipated by VaR measures are within acceptable levels. The table below includes a key stress test monitored by the Committee, noted as the sensitivity to a 100 basis point change in interest rates. This analysis assists ECB in understanding the impact of an extreme move in rates, assuring the Collateralized Financing portfolio is structured to maintain risk at an acceptable level, even in extreme circumstances.

The Committee meets monthly to analyze the overall market risk exposure based on positions taken, as well as the credit risk, based on the collateral pledged under these agreements against the contract value from inception to maturity date. In these meetings the Committee evaluates risk from an operating perspective, VaR, and an exceptional perspective, Stress Tests, to determine the appropriate level of risk limits in the current environment.

We periodically assess the collectability or credit quality related to securities purchased under agreements to resell.

As of December 31, 2016 and 2015, a summary of ECB's assets, liabilities and risk measures related to its collateralized financing activities is as follows:

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	December 31, 2016						December 31, 2015
	Amount			Market Value of Collateral Received or (Pledged)			Amount			Market Value of Collateral Received or (Pledged)
	(dollars in thousands)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	18,535					$	41,742
Securities Purchased Under Agreements to Resell	12,585			$	12,601		2,191			$	2,192
Total Assets	31,120						43,933
Liabilities
Securities Sold Under Agreements to Repurchase	(31,150		)	$	(31,155	)	(44,000		)	$	(44,063	)
Net Liabilities	$	(30	)				$	(67	)
Risk Measures
VaR	$	5					$	4
Stress Test:
Portfolio sensitivity to a 100 basis point increase in the interest rate	$	(9	)				$	(20	)
Portfolio sensitivity to a 100 basis point decrease in the interest rate	$	9					$	20

Contractual Obligations

The following table summarizes our contractual obligations as of December 31, 2016:

	Payment Due by Period
	Total		Less than 1 year		1-3 years		3-5 years		More than 5 years
	(dollars in thousands)
Operating Lease Obligations	$	191,693	$	33,335	$	64,782	$	57,540	$	36,036
Tax Receivable Agreements	186,310		12,201		24,554		26,792		122,763
Notes Payable and Subordinated Borrowings, Including Interest	256,152		9,847		36,097		54,947		155,261
Investment Banking Commitments	62,448		21,105		40,843		500		—
Investment Management Commitments	4,624		4,624		—		—		—
Total	$	701,227	$	81,112	$	166,276	$	139,779	$	314,060

We had total commitments (not reflected on our Consolidated Statements of Financial Condition) relating to future capital contributions to private equity funds of $4.6 million and $8.2 million as of December 31, 2016 and 2015, respectively. We expect to fund these commitments with cash flows from operations. We may be required to fund these commitments at any time through June 2023, depending on the timing and level of investments by our private equity funds.

Off-Balance Sheet Arrangements

We do not invest in any off-balance sheet vehicles that provide liquidity, capital resources, market or credit risk support, or engage in any leasing activities that expose us to any liability that is not reflected in our consolidated financial statements.

Market Risk and Credit Risk

We, in general, are not a capital-intensive organization and as such, are not subject to significant market or credit risks. Nevertheless, we have established procedures to assess both the market and credit risk, as well as specific investment risk, exchange rate risk and credit risk related to receivables.

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Market and Investment Risk

We hold equity securities and invest in exchange traded funds and mutual funds, principally as an economic hedge against our deferred compensation program. As of December 31, 2016, the fair value of our investments with these products, based on closing prices, was $26.3 million.

We estimate that a hypothetical 10% adverse change in the market value of the investments would have resulted in a decrease in pre-tax income of approximately $2.6 million for the year ended December 31, 2016.

See "-Liquidity and Capital Resources" above for a discussion of collateralized financing transactions at ECB.

Private Equity Funds

Through our principal investments in our private equity funds and our ability to earn carried interest from these funds, we face exposure to changes in the estimated fair value of the companies in which these funds invest. Valuations and analysis regarding our investments in Trilantic and Glisco are performed by their respective professionals, and thus we are not involved in determining the fair value for the portfolio companies of such funds.

We estimate that a hypothetical 10% adverse change in the value of the private equity funds would have resulted in a decrease in pre-tax income of approximately $1.2 million for the year ended December 31, 2016.

Exchange Rate Risk

We have foreign operations, through our subsidiaries and affiliates, primarily in Mexico and the United Kingdom, as well as provide services to clients in other jurisdictions, which creates foreign exchange rate risk. We have not entered into any transactions to hedge our exposure to these foreign exchange fluctuations through the use of derivative instruments or otherwise. An appreciation or depreciation of any of these currencies relative to the U.S. dollar would result in an adverse or beneficial impact to our financial results. A significant portion of our Latin American revenues have been, and will continue to be, derived from contracts denominated in Mexican pesos and Brazilian real and Evercore Partners Limited's revenue and expenses are denominated primarily in British pounds sterling and euro. Historically, the value of these foreign currencies has fluctuated relative to the U.S. dollar. For the year ended December 31, 2016, the net impact of the fluctuation of foreign currencies recorded in Other Comprehensive Income within the Consolidated Statement of Comprehensive Income was ($17.5) million. It is currently not our intention to hedge our foreign currency exposure, and we will reevaluate this policy from time to time.

Credit Risks

We maintain cash and cash equivalents with financial institutions with high credit ratings. At times, we may maintain deposits in federally insured financial institutions in excess of federally insured ("FDIC") limits or enter into sweep arrangements where banks will periodically transfer a portion of the Company's excess cash position to a money market fund. However, we believe that we are not exposed to significant credit risk due to the financial position of the depository institution or investment vehicles in which those deposits are held.

Accounts Receivable consists primarily of advisory fees and expense reimbursements billed to our clients. Receivables are reported net of any allowance for doubtful accounts. We maintain an allowance for doubtful accounts to provide coverage for probable losses from our customer receivables and derive the estimate through specific identification for the allowance for doubtful accounts and an assessment of the client's creditworthiness. As of December 31, 2016 and 2015, total receivables amounted to $230.5 million and $175.5 million, respectively, net of an allowance. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice, with the exception of placement fees, which are generally collected within 180 days of invoice. The collection period for restructuring transactions and private equity fee receivables may exceed 90 days. We recorded minimal bad debt expense for each of the years endedDecember 31, 2016 and 2015.

With respect to our Marketable Securities portfolio, which is comprised primarily of highly-rated corporate and municipal bonds, exchange traded funds, mutual funds and securities investments, we manage our credit risk exposure by limiting concentration risk and maintaining investment grade credit quality. As of December 31, 2016, we had Marketable Securities of $66.5 million, of which 60% were corporate and municipal securities, primarily with S&P ratings ranging from AAA to BB+.

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Critical Accounting Policies and Estimates

The consolidated financial statements included in this report are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which requires management to make estimates and assumptions regarding future events that affect the amounts reported in our consolidated financial statements and their notes, including reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. We base these estimates on historical experience and various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ materially from those estimates. We believe that the following discussion addresses our most critical accounting policies, which are those that are most important to the presentation of our financial condition and results of operations and require management's most difficult, subjective and complex judgments.

Revenue Recognition

Investment Banking Revenue

We earn investment banking fees from our clients for providing advisory services on strategic matters, including mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters. It is our accounting policy to recognize revenue when (i) there is persuasive evidence of an arrangement with a client, (ii) fees are fixed or determinable, (iii) the agreed-upon services have been completed and delivered to the client or the transaction or events contemplated in the engagement letter are determined to be substantially completed and (iv) collectability is reasonably assured. We record Investment Banking Revenue on the Consolidated Statements of Operations for the following:

In general, advisory fees are paid at the time we sign an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, we may receive retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter where the engagement letter will specify a future service period associated with that fee. In such circumstances, these retainer fees are initially recorded as deferred revenue, which is recorded within Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Revenues related to fairness or valuation opinions are recognized when the opinion has been rendered and delivered to the client and all other requirements for revenue recognition are satisfied. Success fees for advisory services, such as M&A advice, are recognized when the transaction(s) or event(s) are determined to be completed and all other requirements for revenue recognition are satisfied. In the event the Company was to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations when the conditions of completion have been satisfied.

Placement fee revenues are attributable to capital raising on both a primary and secondary basis. We recognize placement advisory fees at the time of the client's acceptance of capital or capital commitments in accordance with the terms of the engagement letter.

Underwriting fees are attributable to public and private offerings of equity and debt securities and are recognized when the offering has been deemed to be completed by the lead manager of the underwriting group, pursuant to applicable regulatory rules. When the offering is completed, we recognize the applicable management fee, selling concession and underwriting fee, the latter net of estimated offering expenses.

Commissions and Related Fees include commissions received from customers on agency-based brokerage transactions in listed and over-the-counter equities and are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, when earned. Commissions and Related Fees also include subscription fees for the sales of research. Cash received before the subscription period ends is initially recorded as deferred revenue and recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations over the remaining subscription period.

Investment Management Revenue

Our Investment Management business generates revenues from the management of client assets and the private equity funds.

Investment management fees generated for third-party clients are generally based on the value of the AUM and any performance fees that may be negotiated with the client. These fees are generally recognized over the period that the related services are provided, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in

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advance of services rendered are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and is recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the return on assets exceeds certain benchmark returns. 

Management fees for private equity funds are contractual and are typically based on committed capital during the private equity funds' investment period, and on invested capital thereafter. Management fees are recognized ratably over the period during which services are provided. We also record performance fee revenue from the private equity funds when the returns on the private equity funds' investments exceed certain threshold minimums. These performance fees, or carried interest, are computed in accordance with the underlying private equity funds' partnership agreements and are based on investment performance over the life of each investment partnership. Historically, the Company recorded performance fee revenue from its managed private equity funds when the private equity funds' investment values exceeded certain threshold minimums. During 2014, the Company changed its method of recording performance fees such that the Company records performance fees upon the earlier of the termination of the investment fund or when the likelihood of clawback is mathematically improbable. This method is considered the more preferable of the two methods accepted under ASC 605-20-S99-1. As discussed in Note 4 to our consolidated financial statements, in the third quarter of 2016, we sold our Mexican Private Equity business. As a result, from the fourth quarter of 2016 forward, we are not managing any private equity funds and will receive our share of such fees through the managers in which we hold interests.

Fees for serving as an independent fiduciary and/or trustee are either based on a flat fee or are based on the value of assets under administration. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered are initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Net Interest revenue is derived from investing customer funds in financing transactions. These transactions are primarily repurchases and resales of Mexican government securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase or resale transaction.

Valuation

The valuation of our investments in securities and of our financial investments in the funds we manage impacts both the carrying value of direct investments and the determination of management and performance fees, including carried interest. Effective January 1, 2008, we adopted ASC 820, which among other things requires enhanced disclosures about financial instruments carried at fair value. See Note 10 to the consolidated financial statements for further information. Level I investments include financial instruments owned and pledged as collateral and readily-marketable equity securities. Level II investments include our investments in corporate and municipal bonds and other debt securities. Level III investments include an equity security in a private company which is accounted for on the cost basis.

We adopted ASC 825, "Financial Instruments," which permits entities the option to measure most financial instruments and certain other items at fair value at specified election dates and to report related unrealized gains and losses in earnings. We have not elected to apply the fair value option to any specific financial assets or liabilities.

Marketable Securities

Investments in corporate and municipal bonds and other debt securities are accounted for as available-for-sale under ASC 320-10, "Accounting for Certain Investments in Debt and Equity Securities". These securities are carried at fair value on the Consolidated Statements of Financial Condition. Unrealized gains and losses are reported as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, while realized gains and losses on these securities are determined using the specific identification method and are included in Other Revenue on the Consolidated Statements of Operations. We invest in readily-marketable debt and equity securities which are managed by EWM. These securities are valued using quoted market prices on applicable exchanges or markets. The realized and unrealized gains and losses on these securities are included in the Consolidated Statements of Operations in Investment Management Revenue. Marketable Securities also include investments in municipal bonds and exchange traded funds and mutual funds, which are carried at fair value, with changes in fair value recorded in Other Revenue on the Consolidated Statements of Operations.

Marketable Securities transactions are recorded as of the trade date.

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Financial Instruments Owned and Pledged as Collateral at Fair Value

Our Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue on the Consolidated Statements of Operations. We pledge our Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements which permits the counterparty to pledge the securities.

Equity Compensation

Share-Based Payments – We account for share-based payments in accordance with Financial Accounting Standards Board issued ASC 718, "Compensation – Stock Compensation" ("ASC 718"). We grant employees performance-based awards that vest upon the occurrence of certain performance criteria being achieved. Compensation cost is accrued if it is probable that the performance condition will be achieved and is not accrued if it is not probable that the performance condition will be achieved. Significant judgment is required in determining the probability that the performance criteria will be achieved. The fair value of awards that vest from one to five years are amortized over the vesting period or requisite substantive service period, as required by ASC 718. See Note 17 to the consolidated financial statements for more information.

Income Taxes

As part of the process of preparing our consolidated financial statements, we are required to estimate income taxes in each of the jurisdictions in which we operate. Significant management judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities and any valuation allowance recorded against our net deferred tax assets. This process requires us to estimate our actual current tax liability and to assess temporary differences resulting from differing book versus tax treatment of items, such as deferred revenue, compensation and benefits expense, unrealized gains and losses on long-term investments and depreciation. These temporary differences result in deferred tax assets and liabilities, which are included within our Consolidated Statements of Financial Condition. We must then assess the likelihood that deferred tax assets will be recovered from future taxable income, and, to the extent we believe that recovery is not more-likely-than-not, we must establish a valuation allowance. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. Management considers the level of historical taxable income, scheduled reversals of deferred taxes, projected future taxable income and tax planning strategies that can be implemented by us in making this assessment. If actual results differ from these estimates or we adjust these estimates in future periods, we may need to adjust our valuation allowance, which could materially impact our consolidated financial condition and results of operations.

The Company adopted ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17") prospectively as of December 31, 2015 and changed its presentation of deferred income tax assets and liabilities on its consolidated statement of financial condition such that the Company classifies all deferred income tax assets and liabilities as noncurrent. Historically, the Company presented deferred income tax assets and liabilities as current and noncurrent on the Consolidated Statements of Financial Condition.

The Company adopted ASU 2016-09 effective January 1, 2017. ASU 2016-09 requires that the tax deduction associated with the appreciation in the Company's share price upon vesting of employee share-based awards above the original grant price be reflected in income tax expense. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows.

In addition, in order to determine the quarterly tax rate, we are required to estimate full year pre-tax income and the related annual income tax expense in each jurisdiction. Changes in the geographic mix or estimated level of annual pre-tax income can affect our overall effective tax rate. Furthermore, our interpretation of complex tax laws may impact our measurement of current and deferred income taxes.

ASC 740 provides a benefit recognition model with a two-step approach consisting of "more-likely-than-not" recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. This standard also requires the recognition of liabilities created by differences

24

between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 20 to our consolidated financial statements herein in regard to the impact of the adoption of this standard on the consolidated financial statements.

The majority of the deferred tax assets relate to the U.S. operations of the Company. The realization of the deferred tax assets is primarily dependent on the amount of the Company's historic and projected future taxable income for its U.S. and foreign operations. In 2016 and 2015, we performed an assessment of the ultimate realization of our deferred tax assets and determined that the Company should have sufficient future taxable income in the normal course of business to fully realize the portion of the deferred tax assets associated with its U.S. operations and management has concluded that it is more-likely-than-not the deferred tax assets will be realized.

The Company estimates that Evercore Inc. must generate approximately $852 million of future taxable income to realize the gross deferred tax asset balance of approximately $332 million. The deferred tax balance is expected to reverse over a period ranging of 5 to 15 taxable years. The Company evaluated Evercore Inc.'s historical U.S. taxable income, which has averaged approximately $50 million per year over the past 7 years, as well as the anticipated taxable income of approximately $265 million in 2016, and taxable income in the future, which indicates sufficient taxable income to support the realization of these deferred tax assets. To the extent enough taxable income is not generated in the 15 year estimated reversal period, the Company will have an additional 20 years to utilize any net operating loss carry forwards created, as well as the relevant net operating loss carry back period in effect at the time of a taxable loss.

Impairment of Assets

In accordance with ASC 350, we test Goodwill for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. In this process, we make estimates and assumptions in order to determine the fair value of our reporting units and to project future earnings using valuation techniques. We use our best judgment and information available to us at the time to perform this review. Because our assumptions and estimates are used in projecting future earnings as part of the valuation, actual results could differ. Intangible assets with finite lives are amortized over their estimated useful lives which are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable as prescribed by ASC 360, "Property, Plant, and Equipment."

We test goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit, we utilize either a market multiple approach and/or a discounted cash flow methodology based on the adjusted cash flows from operations. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting segment multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows.

In addition to Goodwill and Intangible Assets, we annually assess our Equity Method Investments for impairment (or more frequently if circumstances indicate impairment may have occurred) per ASC 323-10.

We recorded an impairment charge of $8.1 million for the year ended December 31, 2016 related to our Equity Method Investment in Atalanta Sosnoff and concluded there was no impairment of Goodwill, Intangible Assets, or our other Equity Method Investments during the year ended December 31, 2016. This charge resulted in a decrease of $4.0 million to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2016. We recorded a Goodwill impairment charge of $28.5 million for the year ended December 31, 2015 related to the Goodwill in our Institutional Asset Management reporting unit and concluded there was no impairment of Intangible Assets and Equity Method Investments during the year ended December 31, 2015. This charge resulted in a decrease of $9.8 million to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2015. See Note 4 to our consolidated financial statements for further information.

Recently Issued Accounting Standards

For a discussion of recently issued accounting standards and their impact or potential impact on the Company's consolidated financial statements, see Note 3 to our consolidated financial statements.

25

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

See "Management's Discussion and Analysis of Financial Condition and Results of Operations – Market Risk and Credit Risk." We do not believe we face any material interest rate risk, foreign currency exchange risk, equity price risk or other market risk except as disclosed in Item 7" – Market Risk and Credit Risk" above.

26

EX-99.2

Exhibit 99.2

Item 8. Financial Statements and Supplemental Data

Index to Financial Statements	Page
Report of Independent Registered Public Accounting Firm	2
Consolidated Statements of Financial Condition	3
Consolidated Statements of Operations	4
Consolidated Statements of Comprehensive Income	5
Consolidated Statements of Changes in Equity	6
Consolidated Statements of Cash Flows	7
Notes to Consolidated Financial Statements	8
Supplemental Financial Information
Consolidated Quarterly Results of Operations (unaudited)	54

1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

Evercore Inc.

New York, New York

We have audited the accompanying consolidated statements of financial condition of Evercore Inc. (formerly known as Evercore Partners Inc.) and subsidiaries (the "Company") as of December 31, 2016 and 2015, and the related consolidated statements of operations, comprehensive income, changes in equity, and cash flows for each of the three years in the period ended December 31, 2016. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Evercore Inc. and subsidiaries as of December 31, 2016 and 2015, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2016, in conformity with accounting principles generally accepted in the United States of America.

As discussed in Notes 2 and 3 to the consolidated financial statements, on January 1, 2017, the Company adopted ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which provides amendments to ASC No. 718, Compensation - Stock Compensation, and retrospectively adjusted the Consolidated Statements of Cash Flows for all periods presented in the consolidated financial statements for the change. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company's internal control over financial reporting as of December 31, 2016, based on the criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commissionand our report dated February 24, 2017 expressed an unqualified opinion on the Company's internal control over financial reporting.

/s/ DELOITTE & TOUCHE LLP

New York, New York

February 24, 2017

(November 2, 2017 as to the effects of the retrospective adoption of ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, described in Notes 2 and 3)

2

EVERCORE INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)

	December 31,
	2016			2015
Assets
Current Assets
Cash and Cash Equivalents	$	558,524		$	448,764
Marketable Securities	66,487			43,787
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,535			41,742
Securities Purchased Under Agreements to Resell	12,585			2,191
Accounts Receivable (net of allowances of $2,751 and $1,313 at December 31, 2016 and 2015, respectively)	230,522			175,497
Receivable from Employees and Related Parties	15,034			21,189
Other Current Assets	23,946			16,294
Total Current Assets	925,633			749,464
Investments	116,633			126,651
Deferred Tax Assets	305,424			298,115
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $53,668 and $42,656 at December 31, 2016 and 2015, respectively)	51,651			47,980
Goodwill	160,961			166,461
Intangible Assets (net of accumulated amortization of $24,690 and $21,754 at December 31, 2016 and 2015, respectively)	29,370			41,010
Assets Segregated for Bank Regulatory Requirements	10,200			10,200
Other Assets	62,474			39,290
Total Assets	$	1,662,346		$	1,479,171
Liabilities and Equity
Current Liabilities
Accrued Compensation and Benefits	$	334,541		$	263,862
Accounts Payable and Accrued Expenses	30,723			43,878
Securities Sold Under Agreements to Repurchase	31,150			44,000
Payable to Employees and Related Parties	27,366			28,392
Taxes Payable	27,321			20,886
Other Current Liabilities	12,320			7,031
Total Current Liabilities	463,421			408,049
Notes Payable	168,097			119,250
Subordinated Borrowings	16,550			22,550
Amounts Due Pursuant to Tax Receivable Agreements	174,109			186,036
Other Long-term Liabilities	56,838			36,070
Total Liabilities	879,015			771,955
Commitments and Contingencies (Note 18)
Equity
Evercore Inc. Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 58,292,567 and 55,249,559 issued at December 31, 2016 and 2015, respectively, and 39,190,856 and 39,623,271 outstanding at December 31, 2016 and 2015, respectively)	582			552
Class B, par value $0.01 per share (1,000,000 shares authorized, 24 and 25 issued and outstanding at December 31, 2016 and 2015, respectively)	—			—
Additional Paid-In-Capital	1,368,122			1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096		)	(34,539		)
Retained Earnings (Deficit)	20,343			(27,791		)
Treasury Stock at Cost (19,101,711 and 15,626,288 shares at December 31, 2016 and 2015, respectively)	(811,653		)	(644,412		)
Total Evercore Inc. Stockholders' Equity	527,298			504,552
Noncontrolling Interest	256,033			202,664
Total Equity	783,331			707,216
Total Liabilities and Equity	$	1,662,346		$	1,479,171

See Notes to Consolidated Financial Statements.

3

EVERCORE INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars and share amounts in thousands, except per share data)

	For the Years Ended December 31,
	2016		2015		2014
Revenues
Investment Banking Revenue	$	1,364,098	$	1,133,860	$	821,359
Investment Management Revenue	75,807		95,129		98,751
Other Revenue, Including Interest	16,885		11,259		11,292
Total Revenues	1,456,790		1,240,248		931,402
Interest Expense	16,738		16,975		15,544
Net Revenues	1,440,052		1,223,273		915,858
Expenses
Employee Compensation and Benefits	900,590		788,175		549,516
Occupancy and Equipment Rental	45,304		47,703		41,202
Professional Fees	57,667		50,817		45,429
Travel and Related Expenses	57,465		55,388		40,015
Communications and Information Services	40,277		36,372		18,818
Depreciation and Amortization	24,800		27,927		16,263
Special Charges	8,100		41,144		4,893
Acquisition and Transition Costs	99		4,890		5,828
Other Operating Expenses	44,576		42,187		22,947
Total Expenses	1,178,878		1,094,603		744,911
Income Before Income from Equity Method Investments and Income Taxes	261,174		128,670		170,947
Income from Equity Method Investments	6,641		6,050		5,180
Income Before Income Taxes	267,815		134,720		176,127
Provision for Income Taxes	119,303		77,030		68,756
Net Income	148,512		57,690		107,371
Net Income Attributable to Noncontrolling Interest	40,984		14,827		20,497
Net Income Attributable to Evercore Inc.	$	107,528	$	42,863	$	86,874
Net Income Attributable to Evercore Inc. Common Shareholders	$	107,528	$	42,863	$	86,874
Weighted Average Shares of Class A Common Stock Outstanding
Basic	39,220		37,161		35,827
Diluted	44,193		43,699		41,843
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic	$	2.74	$	1.15	$	2.42
Diluted	$	2.43	$	0.98	$	2.08
Dividends Declared per Share of Class A Common Stock	$	1.27	$	1.15	$	1.03

See Notes to Consolidated Financial Statements.

4

EVERCORE INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(dollars in thousands)

	For the Years Ended December 31,
	2016			2015			2014
Net Income	$	148,512		$	57,690		$	107,371
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Marketable Securities and Investments, net	(1,763		)	(1,751		)	(2,668		)
Foreign Currency Translation Adjustment Gain (Loss), net	(17,531		)	(16,287		)	(9,543		)
Other Comprehensive Income (Loss)	(19,294		)	(18,038		)	(12,211		)
Comprehensive Income	129,218			39,652			95,160
Comprehensive Income Attributable to Noncontrolling Interest	37,247			10,941			17,889
Comprehensive Income Attributable to Evercore Inc.	$	91,971		$	28,711		$	77,271

See Notes to Consolidated Financial Statements.

5

EVERCORE INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(dollars in thousands, except share data)

							Accumulated
				Additional			Other			Retained
	Class A Common Stock			Paid-In			Comprehensive			Earnings			Treasury Stock					Noncontrolling			Total
	Shares	Dollars		Capital			Income (Loss)			(Deficit)			Shares		Dollars			Interest			Equity
Balance at December 31, 2013	40,772,434	$	408	$	799,233		$	(10,784	)	$	(59,896	)	(7,702,900	)	$	(226,380	)	$	60,577		$	563,158
Net Income	—	—		—			—			86,874			—		—			20,497			107,371
Other Comprehensive Income (Loss)	—	—		—			(9,603		)	—			—		—			(2,608		)	(12,211		)
Treasury Stock Purchases, net	—	—		—			—			—			(2,706,666	)	(142,850		)	—			(142,850		)
Evercore LP Units Purchased or Converted into Class A Common Stock	1,421,493	14		17,235			—			—			—		—			(11,686		)	5,563
Equity-based Compensation Awards	4,220,313	42		133,354			—			—			—		—			3,593			136,989
Shares Issued as Consideration for Acquisitions and Investments	—	—		11,073			—			—			131,243		4,245			72,344			87,662
Dividends and Equivalents	—	—		6,038			—			(44,792		)	—		—			—			(38,754		)
Noncontrolling Interest (Note 15)	—	—		(16,786		)	—			—			119,207		3,856			18,235			5,305
Balance at December 31, 2014	46,414,240	464		950,147			(20,387		)	(17,814		)	(10,159,116	)	(361,129		)	160,952			712,233
Net Income	—	—		—			—			42,863			—		—			14,827			57,690
Other Comprehensive Income (Loss)	—	—		—			(14,152		)	—			—		—			(3,886		)	(18,038		)
Treasury Stock Purchases, net	—	—		—			—			—			(5,467,172	)	(283,283		)	—			(283,283		)
Evercore LP Units Purchased or Converted into Class A Common Stock	585,723	6		11,046			—			—			—		—			(12,012		)	(960		)
Equity-based Compensation Awards	2,795,051	28		123,357			—			—			—		—			82,734			206,119
Dividends and Equivalents	—	—		6,514			—			(52,840		)	—		—			—			(46,326		)
Noncontrolling Interest (Note 15)	—	—		1,331			—			—			—		—			(39,951		)	(38,620		)
Exercise of Warrants	5,454,545	54		118,347			—			—			—		—			—			118,401
Balance at December 31, 2015	55,249,559	552		1,210,742			(34,539		)	(27,791		)	(15,626,288	)	(644,412		)	202,664			707,216
Net Income	—	—		—			—			107,528			—		—			40,984			148,512
Other Comprehensive Income (Loss)	—	—		—			(15,557		)	—			—		—			(3,737		)	(19,294		)
Treasury Stock Purchases, net	—	—		—			—			—			(3,475,423	)	(167,241		)	—			(167,241		)
Evercore LP Units Purchased or Converted into Class A Common Stock	532,175	5		23,095			—			—			—		—			(16,480		)	6,620
Equity-based Compensation Awards	2,510,833	25		127,706			—			—			—		—			81,392			209,123
Dividends and Equivalents	—	—		7,836			—			(59,394		)	—		—			—			(51,558		)
Noncontrolling Interest (Note 15)	—	—		(1,257		)	—			—			—		—			(48,790		)	(50,047		)
Balance at December 31, 2016	58,292,567	$	582	$	1,368,122		$	(50,096	)	$	20,343		(19,101,711	)	$	(811,653	)	$	256,033		$	783,331

See Notes to Consolidated Financial Statements.

6

EVERCORE INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in thousands)

	For the Years Ended December 31,
	2016			2015			2014
Cash Flows From Operating Activities
Net Income	$	148,512		$	57,690		$	107,371
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration	1,124			5,517			(2,505		)
Equity Method Investments	2,602			2,818			4,476
Equity-Based and Other Deferred Compensation	258,295			207,533			111,771
Impairment of Goodwill and Equity Method Investments	8,100			28,500			—
Depreciation, Amortization and Accretion	25,223			29,636			18,773
Bad Debt Expense	2,261			1,314			1,027
Deferred Taxes	10,043			(3,627		)	14,315
Decrease (Increase) in Operating Assets:
Marketable Securities	937			556			550
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,249			46,018			(54,032		)
Securities Purchased Under Agreements to Resell	(11,890		)	4,726			10,303
Accounts Receivable	(64,522		)	(46,442		)	(51,166		)
Receivable from Employees and Related Parties	5,934			(3,937		)	(6,646		)
Other Assets	(33,080		)	(3,903		)	(7,651		)
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	48,258			51,732			27,251
Accounts Payable and Accrued Expenses	(10,030		)	5,418			6,231
Securities Sold Under Agreements to Repurchase	(6,387		)	(50,803		)	43,771
Payables to Employees and Related Parties	(1,581		)	8,704			(2,601		)
Taxes Payable	9,097			28,670			32,612
Other Liabilities	10,424			(2,449		)	(2,616		)
Net Cash Provided by Operating Activities	421,569			367,671			251,234
Cash Flows From Investing Activities
Investments Purchased	(2,047		)	(819		)	(10,944		)
Distributions of Private Equity Investments	183			6,821			672
Marketable Securities:
Proceeds from Sales and Maturities	46,547			32,318			34,719
Purchases	(69,568		)	(39,101		)	(28,760		)
Cash Paid for Acquisitions and Deconsolidation of Cash, net of Cash Acquired	(2,877		)	(5,647		)	42,869
(Increase) Decrease in Restricted Cash	(2,303		)	—			—
Loans Receivable	—			(3,500		)	—
Purchase of Furniture, Equipment and Leasehold Improvements	(18,439		)	(16,189		)	(13,521		)
Net Cash Provided by (Used in) Investing Activities	(48,504		)	(26,117		)	25,035
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	885			594			2,135
Distributions to Noncontrolling Interests	(38,154		)	(23,723		)	(10,655		)
Payments Under Tax Receivable Agreement	(12,039		)	(11,045		)	(9,086		)
Cash Paid for Deferred and Contingent Consideration	(5,050		)	—			(2,255		)
Short-Term Borrowing	50,000			45,000			75,000
Repayment of Short-Term Borrowing	(50,000		)	(45,000		)	(75,000		)
Exercise of Warrants, net	—			6,416			—
Repayment of Subordinated Borrowings	(6,000		)	—			—
Payment of Notes Payable - Mizuho	(120,000		)	—			—
Issuance of Notes Payable	170,000			—			—
Debt Issuance Costs	(2,084		)	—			—
Purchase of Treasury Stock and Noncontrolling Interests	(173,958		)	(160,733		)	(156,242		)
Dividends - Class A Stockholders	(51,558		)	(46,132		)	(38,754		)
Net Cash Provided by (Used in) Financing Activities	(237,958		)	(234,623		)	(214,857		)
Effect of Exchange Rate Changes on Cash	(25,347		)	(10,327		)	(7,705		)
Net Increase in Cash and Cash Equivalents	109,760			96,604			53,707
Cash and Cash Equivalents-Beginning of Period	448,764			352,160			298,453
Cash and Cash Equivalents-End of Period	$	558,524		$	448,764		$	352,160
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	$	14,074		$	16,035		$	13,725
Payments for Income Taxes	$	106,126		$	47,820		$	18,283
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest	$	—		$	(1,331	)	$	3,261
Dividend Equivalents Issued	$	7,836		$	6,514		$	6,038
Mexico Private Equity Assets Deconsolidated	$	8,302		$	—		$	—
Mexico Private Equity Liabilities Deconsolidated	$	2,343		$	—		$	—
Decrease in Noncontrolling Interest from Mexico Private Equity Deconsolidation	$	5,808		$	—		$	—
Receipt of Securities in Settlement of Accounts Receivable	$	—		$	1,079		$	2,083
Atalanta Sosnoff Assets Deconsolidated	$	—		$	2,053		$	—
Atalanta Sosnoff Liabilities Deconsolidated	$	—		$	2,074		$	—
Decrease in Redeemable Noncontrolling Interest from Atalanta Sosnoff Deconsolidation	$	—		$	2,683		$	—
Decrease in Noncontrolling Interest from Atalanta Sosnoff Deconsolidation	$	—		$	16,090		$	—
Decrease in Goodwill from Atalanta Sosnoff Deconsolidation	$	—		$	27,274		$	—
Decrease in Intangible Assets from Atalanta Sosnoff Deconsolidation	$	—		$	13,924		$	—
Exchange of Notes Payable as Consideration for Exercise of Warrants	$	—		$	118,347		$	—
Purchase of Treasury Stock in Exchange for Notes Issuance and Warrant Proceeds	$	—		$	123,673		$	—
Settlement of Contingent Consideration	$	—		$	—		$	7,232
Purchase of Noncontrolling Interest	$	—		$	—		$	7,100
Reclassification from Redeemable Noncontrolling Interest to Noncontrolling Interest	$	—		$	—		$	27,477
Shares and LP Units Issued as Consideration for Acquisitions and Investments	$	—		$	—		$	79,576
Assets Acquired in Acquisitions	$	—		$	—		$	106,848
Liabilities Assumed in Acquisitions	$	—		$	—		$	64,864

See Notes to Consolidated Financial Statements.

7

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Note 1 – Organization

Evercore Inc. (formerly known as Evercore Partners Inc.) and subsidiaries (the "Company") is an investment banking and investment management firm, incorporated in Delaware on July 21, 2005 and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in Evercore LP, a Delaware limited partnership ("Evercore LP"). Subsequent to the Company's initial public offering ("IPO"), the Company became the sole general partner of Evercore LP. The Company operates from its offices and through its affiliates in North America, Europe, South America and Asia.

The Investment Banking business includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings, raises funds for financial sponsors and provides advisory services focused on secondary transactions for private funds interests. The Investment Banking business also includes the Evercore ISI business through which the Company offers macroeconomic, policy and fundamental equity research and agency-based equity securities trading for institutional investors.

The Investment Management business includes the institutional asset management business through which the Company, directly and through affiliates, manages financial assets for sophisticated institutional investors and provides independent fiduciary services to corporate employee benefit plans and high net-worth individuals, the wealth management business through which the Company provides investment advisory and wealth management services for high net-worth individuals and associated entities, and the private equity business which holds interests in entities that manage private equity funds.

Note 2 – Significant Accounting Policies

Basis of Presentation – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

The consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2015, Accounting Standards Update ("ASU") No. 2015-02, "Amendments to the Consolidation Analysis," ("ASU 2015-02") was issued. This ASU eliminates the deferral of ASU No. 2010-10, "Amendments for Certain Investment Funds," which allows reporting entities with interests in certain investment funds to follow the consolidation guidance in Accounting Standards Codification ("ASC") No. 810, "Consolidation," ("ASC 810") and makes other changes to the variable interest model and the voting model. ASU 2015-02 modifies the evaluation performed by reporting entities on limited partnerships and similar entities and also impacts the evaluation performed by reporting entities on VIE determination, and determination of the primary beneficiary of a VIE.

The Company adopted ASU 2015-02 on January 1, 2016. Pursuant to the provisions of ASU 2015-02, Evercore LP is a VIE and the Company is the primary beneficiary. Prior to the adoption of ASU 2015-02, the Company consolidated Evercore LP as a voting interest entity. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Position in Note 23.

International Strategy & Investment (U.K.) Limited ("ISI U.K.") is also a VIE pursuant to ASC 810 and the Company is the primary beneficiary of this VIE. Specifically, the Company provides financial support through a transfer pricing agreement with this entity, which exposes the Company to losses that are potentially significant to the entity, and has decision making

8

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

authority that significantly affects the economic performance of the entity. The Company previously concluded that Evercore Asia Limited ("Evercore Asia") and Evercore Asia (Singapore) PTE. LTD. ("Evercore Singapore") were also VIEs; on July 1, 2016, the Company terminated the transfer pricing arrangements with Evercore Asia and Evercore Singapore. The Company viewed this modification as a reconsideration event under ASC 810-10 and concluded that Evercore Asia and Evercore Singapore are not VIEs and will continue to be consolidated as voting interest entities. Following the adoption of ASU 2015-02, the Company also concluded that Evercore Partners International LLP ("Evercore U.K.") is a VIE and that the Company is the primary beneficiary of this VIE. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Consolidated Statements of Financial Condition ISI U.K. and Evercore U.K. assets of $116,958 and liabilities of $90,260 at December 31, 2016 and Evercore Asia, Evercore Singapore, ISI U.K. and Evercore U.K. assets of $151,583 and liabilities of $110,424 at December 31, 2015. See Note 9 for further information on the Company's VIEs.

All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation.

At the time of the formation transaction, the members of Evercore LP (the "Members") received Class A limited partnership units of Evercore LP ("Class A LP Units") in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The Class A LP Units were subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock ("Class A Shares"). At December 31, 2013, all Class A LP Units were fully vested. On October 31, 2014, in conjunction with the acquisition of the operating businesses of International Strategy & Investment ("ISI"), the Company issued vested and unvested Class E limited partnership units of Evercore LP ("Class E LP Units") and vested and unvested Class G and H limited partnership interests of Evercore LP ("Class G and H LP Interests"). In November 2016, in conjunction with the appointment of the Executive Chairman, the Company issued unvested Class I-P Units of Evercore LP ("Class I-P Units"). The Class I-P Units are contingently exchangeable into Class I limited partnership units of Evercore LP ("Class I LP Units"), which are exchangeable on a one-for-one basis for Class A Shares. See Note 17 for further information. The Company accounts for exchanges of Evercore LP partnership units ("LP Units") for Class A Shares based on the carrying amounts of the Members' LP Units immediately before the exchange.

The Company's interest in Evercore LP is within the scope of ASC 810-20, "Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights". The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members.

Accounts Receivable – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company's clients. The Company records Accounts Receivable net of any allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company's analysis of the client's creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced.

Furniture, Equipment and Leasehold Improvements – Fixed assets, including equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, primarily ranging from three to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset.

Investment Banking Revenue– The Company earns investment banking fees from clients for providing advisory services on strategic matters, including mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters. The Company's Investment Banking services also include services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. It is the Company's accounting policy to recognize revenue when (i) there is persuasive evidence of an arrangement with a client, (ii) fees are fixed or determinable, (iii) the agreed-upon services have been completed and delivered to the client or the transaction or events contemplated in the engagement letter are determined to be substantially completed and (iv) collection is reasonably assured. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following:

Advisory Fees – In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive retainer fees for financial advisory services concurrent with, or soon after, the

9

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

execution of the engagement letter where the engagement letter will specify a future service period associated with that fee. In such circumstances, these retainer fees are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Revenues related to fairness or valuation opinions are recognized when the opinion has been rendered and delivered to the client and all other requirements for revenue recognition are satisfied. Success fees for advisory services, such as merger and acquisition advice, are recognized when the transaction(s) or event(s) are determined to be completed and all other requirements for revenue recognition are satisfied. In the event the Company was to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations when the conditions of completion have been satisfied.

Placement Fees– Placement fee revenues are attributable to capital raising on both a primary and secondary basis. The Company recognizes placement advisory fees at the time of the client's acceptance of capital or capital commitments in accordance with the terms of the engagement letter.

Underwriting Fees – Underwriting fees are attributable to public and private offerings of equity and debt securities and are recognized when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the Company recognizes the applicable management fee, selling concession and underwriting fee, the latter net of estimated offering expenses.

Commissions and Related Fees– Commissions and Related Fees include commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities and are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, when earned. The Company earns subscription fees for the sales of research. Cash received before the subscription period ends is initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and is recognized in Investment Banking Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations.

Investment Management Revenue – The Company's Investment Management business generates revenues from the management of client assets and the private equity funds.

Investment management fees for third-party clients are generally based on the value of the assets under management and any performance fees that may be negotiated with the client. These fees are generally recognized over the period that the related services are provided, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the return on assets exceeds certain benchmark returns. 

Management fees for private equity funds are contractual and are typically based on committed capital during the private equity funds' investment period, and on invested capital, thereafter. Management fees are recognized ratably over the period during which services are provided. The management fees may provide for a management fee offset for certain portfolio company fees the Company earns. The Company also records performance fee revenue from the private equity funds when the returns on the private equity funds' investments exceed certain threshold minimums. These performance fees, or carried interest, are computed in accordance with the underlying private equity funds' partnership agreements and are based on investment performance over the life of each investment partnership. Historically, the Company recorded performance fee revenue from its managed private equity funds when the private equity funds' investment values exceeded certain threshold minimums. During 2014, the Company changed its method of recording performance fees such that the Company records performance fees upon the earlier of the termination of the investment fund or when the likelihood of clawback is mathematically improbable. This method is considered the more preferable of the two methods accepted under ASC 605-20-S99-1.

Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered are initially recorded as deferred revenue in Other Current

10

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Other Revenue, Including Interest and Interest Expense – Other Revenue, Including Interest and Interest Expense is derived primarily from financing transactions. These transactions are principally repurchases and resales of Mexican government securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase transaction. Other Revenue, Including Interest and Interest Expense also includes interest expense associated with the Notes Payable, subordinated borrowings and the line of credit and other financing arrangements, as well as income (losses) on marketable securities and cash deposited with financial institutions and changes in amounts due pursuant to the Company's tax receivable agreements.

Client Expense Reimbursement – In the conduct of its financial advisory service engagements and in advising the private equity funds, the Company receives reimbursement for certain expenses incurred by the Company on behalf of its clients and the funds. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred.

Noncontrolling Interest – Noncontrolling interest recorded in the consolidated financial statements of the Company relates to the portions of the subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the relative ownership interest of the noncontrolling interest holders for the period by the net income or loss for the entity which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, then the net income or loss of these entities is allocated based on these special allocations.

ASC 810 requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. Noncontrolling Interest is presented as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, there is an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests. Changes in a parent's ownership interest while the parent retains control of its subsidiary are accounted for as equity transactions.

Cash and Cash Equivalents – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less.

Fair Value of Financial Instruments – The majority of the Company's assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, marketable securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 10 for further information.

Marketable Securities – Marketable Securities include investments in corporate, municipal and other debt securities, as well as investments in readily-marketable equity securities, which are accounted for as available-for-sale under ASC 320-10, "Accounting for Certain Investments in Debt and Equity Securities." These securities are carried at fair value on the Consolidated Statements of Financial Condition. Unrealized gains and losses are reported as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, while realized gains and losses on these securities are determined using the specific identification method and are included in Other Revenue, Including Interest on the Consolidated Statements of Operations. The readily-marketable debt and equity securities are valued using quoted market prices on applicable exchanges or markets. Marketable Securities also include investments in municipal bonds held at EGL and exchange traded funds and mutual funds, which are carried at fair value, with changes in fair value recorded in Other Revenues, Including Interest on the Consolidated Statements of Operations. Marketable Securities transactions are recorded as of the trade date.

Financial Instruments Owned and Pledged as Collateral at Fair Value – The Company's Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities.

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized

11

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. mature on the next business day) and the underlying securities are debt instruments of the Mexican Governments or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell.

Investments – The Company's investments include investments in private equity partnerships, the Company's equity interests in G5 Holdings S.A. ("G5 ǀ Evercore"), ABS Investment Management, LLC ("ABS") and Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff") (after its deconsolidation on December 31, 2015), which are accounted for under the equity method of accounting. In addition, the Company holds an equity security in a private company and maintains investments in Glisco Manager Holdings LP and Trilantic Capital Partners ("Trilantic"), which are accounted for under the cost method of accounting. See Note 9 for further information.

Private Equity – The investments of private equity funds consist primarily of investments in marketable and non-marketable securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The Company determines fair value of non-marketable securities by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-marketable securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds' underlying investments as realized and unrealized gains (losses) within Investment Management Revenue in the Consolidated Statements of Operations.

Affiliates – The Company's equity interests in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) include its share of the income (losses) within Income (Loss) from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations.

The Company assesses its Equity Method Investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 4 for further information.

The Company also maintains investments in Glisco Manager Holdings LP and Trilantic. See Note 9 for further information.

Goodwill and Intangible Assets – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill recorded by its applicable reporting unit is impaired by comparing the fair value of each reporting unit with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods.

Intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable as prescribed by ASC 360, "Property, Plant, and Equipment" ("ASC 360").

The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting unit multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows.

See Note 4 for further information.

Compensation and Benefits – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period.

12

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Share-Based Payments –The Company accounts for share-based payments in accordance with ASC 718, "Compensation – Stock Compensation" ("ASC 718"). See Note 17 for further information.

Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years ("Service-based Awards") is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units ("RSUs") and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs and restricted stock is charged to Employee Compensation and Benefits within the Consolidated Statements of Operations.

Compensation expense is recognized pursuant to performance-based awards if it is probable that the performance condition will be achieved. See Note 17 for a discussion of the awards issued in conjunction with the Company's acquisition of the operating businesses of ISI, as well as the Company's Long-term Incentive Plan.

Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period.

Foreign Currency Translation – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in the foreign currency translation adjustment as a component of Accumulated Other Comprehensive Income (Loss) in the Consolidated Statements of Changes in Equity and Other Comprehensive Income (Loss) in the Consolidated Statements of Comprehensive Income. Exchange gains and losses arising from translating intercompany balances of a long-term investment nature are recorded in the foreign currency translation account while transactional exchange gains and losses are included in Other Revenue, Including Interest on the Consolidated Statements of Operations.

Income Taxes –The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of its assets and liabilities, as disclosed in Note 20.

Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected on the Company's Consolidated Statements of Financial Condition as deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company's provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company's net deferred tax assets.

The Company adopted ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17") prospectively as of December 31, 2015 and changed its presentation of deferred income tax assets and liabilities on its Consolidated Statements of Financial Condition such that the Company classifies all deferred income tax assets and liabilities as noncurrent. Historically, the Company presented deferred income tax assets and liabilities as current and noncurrent on the Consolidated Statements of Financial Condition.

The Company adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), effective January 1, 2017, which provides amendments to ASC No. 718, "Compensation - Stock Compensation." ASU 2016-09 requires that the tax deduction associated with the appreciation in the Company's share price upon vesting of employee share-based awards above the original grant price be reflected in income tax expense. See Note 3 for further information. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows.

13

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

ASC 740 provides a benefit recognition model with a two-step approach consisting of "more-likely-than-not" recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 20 for further information.

Note 3 – Recent Accounting Pronouncements

ASU 2014-09 – In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 provides amendments to ASC No. 605, "Revenue Recognition" and creates ASC No. 606, "Revenue from Contracts with Customers," which changes the requirements for revenue recognition and amends the disclosure requirements. In August 2015, the FASB issued ASU No. 2015-14, "Deferral of the Effective Date," which provides amendments that defer the effective date of ASU 2014-09 by one year. In April 2016, the FASB issued ASU No. 2016-10, "Identifying Performance Obligations and Licensing," which provides clarification to identifying performance obligations and the licensing implementation guidance in ASU 2014-09. In May 2016, the FASB issued ASU No. 2016-12, "Narrow-Scope Improvements and Practical Expedients," which provides clarification on certain issues identified in the guidance on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition in ASU 2014-09. The amendments in these updates are effective either retrospectively to each prior reporting period presented, or as a cumulative-effect adjustment as of the date of adoption, during interim and annual periods beginning after December 15, 2017, with early adoption permitted beginning after December 15, 2016.

The Company currently anticipates that it will adopt ASU 2014-09 on January 1, 2018 using the modified retrospective method of transition, which requires a cumulative-effect adjustment as of the date of adoption. Based on the Company's initial evaluation of ASU 2014-09, success related advisory fees, for which payment is generally dependent on the closing of a strategic transaction, a financing arrangement or some other defined outcome, will be considered variable consideration as defined by the standard. ASU 2014-09 requires that revenue be recognized when it is probable that variable consideration will not be reversed in a future period. Accordingly, revenue recognition for such fees could be accelerated under ASU 2014-09 in certain circumstances, which will require careful analysis and judgment. Under current U.S. GAAP, the Company recognizes such fees upon closing regardless of the probability of the outcome. The effect of accelerated revenue recognition could be material to any given reporting period. In addition, current U.S. GAAP allows expenses related to underwriting transactions to be reflected net in related revenues. The Company's initial evaluation of ASU 2014-09 is that those expenses would be presented gross in the results of operations.

Interpretive guidance on ASU 2014-09 continues to be issued and vetted, in particular by the AICPA industry task force on Broker-Dealers, the AICPA's Revenue Recognition Working Group and the AICPA's Financial Reporting Executive Committee (FinREC). The Company will continue to evaluate this guidance and assess the preliminary views against its initial evaluation.

ASU 2014-12 – In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period" ("ASU 2014-12"). ASU 2014-12 provides amendments to ASC No. 718, "Compensation - Stock Compensation," which clarify the guidance for whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of an award. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The amendments in this update are effective either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter, during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2014-12 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-01 – In January 2015, the FASB issued ASU No. 2015-01, "Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU 2015-01"). ASU 2015-01 provides amendments to ASC No. 225-20, "Income Statement - Extraordinary and Unusual Items," which eliminate the concept of extraordinary items. The amendments in this update are effective either prospectively or retrospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-01 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

14

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

ASU 2015-02 - In February 2015, the FASB issued ASU No. 2015-02, "Amendments to the Consolidation Analysis" ("ASU 2015-02"). ASU 2015-02 provides amendments to ASC 810, which include the following:  1. Modify the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, 2. Eliminate the presumption that a general partner should consolidate a limited partnership, 3. Affect the consolidation analysis of reporting entities that are involved with VIEs, and 4. Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The amendments in this update are effective during interim and annual periods beginning after December 15, 2015, with early adoption permitted, and may be applied retrospectively or using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. The adoption of ASU 2015-02 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. See Note 2 for further information.

ASU 2015-03 - In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"). ASU 2015-03 provides amendments to Subtopic 835-30, "Interest - Imputation of Interest," which require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-03 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-05 - In April 2015, the FASB issued ASU No. 2015-05, "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement" ("ASU 2015-05"). ASU 2015-05 provides amendments to ASC No. 350, "Intangibles - Goodwill and Other," Subtopic 350-40, "Internal-Use Software" which help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement and determine whether an arrangement includes the sale or license of software. The amendments in this update are effective either prospectively to all arrangements entered into or materially modified after the effective date or retrospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-05 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-16 - In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"). ASU 2015-16 provides amendments to ASC No. 805, "Business Combinations," which simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments and require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-16 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-01 - In January 2016, the FASB issued ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01"). ASU 2016-01 provides amendments to ASC No. 825, "Financial Instruments," which change the requirements for certain aspects of recognition, measurement and presentation of financial assets and liabilities and amend the disclosure requirements. The amendments in this update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption not permitted. The Company is currently assessing the impact of the adoption of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-02 - In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 supersedes ASC No. 840, "Leases," and includes requirements for the recognition of a right-of-use asset and lease liability on the balance sheet by lessees for those leases classified as operating leases under previous guidance. The amendments in this update are effective using a modified retrospective approach at the beginning of the earliest period presented, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company currently anticipates adopting ASU 2016-02 on January 1, 2019 using the modified retrospective approach. The adoption will result in the present value of the Company's lease commitments which have a term in excess of one year being reflected on the

15

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Company's Statements of Financial Condition as a long-term fixed asset with a corresponding long-term liability. The Company's lease commitments, as discussed in Note 18, primarily relate to office space. The lease-related assets will be amortized to expense over the life of the leases and the liability, and related interest expense, will be reduced as lease payments are made over the life of the lease. The net impact on the Company's earnings is not expected to be materially different from the current expense related to leases as required under current U.S. GAAP, which is primarily reflected in Occupancy and Equipment Rental expense on the Consolidated Statements of Operations.

ASU 2016-07 - In March 2016, the FASB issued ASU No. 2016-07, "Simplifying the Transition to the Equity Method of Accounting" ("ASU 2016-07"). ASU 2016-07 provides amendments to ASC No. 323, "Investments - Equity Method and Joint Ventures," which simplify the accounting for equity method investments by eliminating the requirement to adjust the investment, results of operations and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments in this update are effective prospectively to increases in the level of ownership interest or degree of influence that results in the adoption of the equity method, during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The adoption of ASU 2016-07 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-09 - In March 2016, the FASB issued ASU 2016-09. ASU 2016-09 provides amendments to ASC No. 718, "Compensation - Stock Compensation," which simplify the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this update are effective during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The Company adopted ASU 2016-09 on January 1, 2017. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows. The application of ASU 2016-09 will result in greater volatility in the effective tax rate and could be material to the results of operations and the classifications of cash flows in future periods depending upon the level of earnings and stock price of the Company, among other things.

ASU 2016-13 - In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). ASU 2016-13 provides amendments to ASC No. 326, "Financial Instruments - Credit Losses," which amend the guidance on the impairment of financial instruments and adds an impairment model (the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Entities will recognize an allowance for its estimate of expected credit losses as of the end of each reporting period. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted after December 15, 2018. The Company currently uses the specific identification method for establishing credit provisions and write-offs of its trade accounts receivable. The Company currently anticipates adopting ASU 2016-13 on January 1, 2020 and does not anticipate a material difference between the current method and the CECL model.

ASU 2016-15 - In August 2016, the FASB issued ASU No. 2016-15, "Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"). ASU 2016-15 provides amendments to ASC No. 230, "Statement of Cash Flows," which provide guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in this update are effective retrospectively, or prospectively, if retrospective application is impracticable, during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-18 - In November 2016, the FASB issued ASU No. 2016-18, "Restricted Cash"("ASU 2016-18"). ASU 2016-18 provides amendments to ASC No. 230, "Statement of Cash Flows," which require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2017-01 - In January 2017, the FASB issued ASU No. 2017-01, "Clarifying the Definition of a Business" ("ASU 2017-01"). ASU 2017-01 provides amendments to ASC No. 805, "Business Combinations," which clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in this update are effective prospectively during interim and

16

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2017-04 - In January 2017, the FASB issued ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). ASU 2017-04 provides amendments to ASC No. 350, "Intangibles - Goodwill and Other" ("ASC 350"), which eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

Note 4 – Business Changes and Developments

Atalanta Sosnoff 2016 Transaction - During the fourth quarter of 2016, the founding member of Atalanta Sosnoff announced his intent to retire and entered into an agreement to sell all of his Series A-2 Capital Interests and Series B Capital Interests back to Atalanta Sosnoff. Concurrently, select members of Atalanta Sosnoff received Series C Capital Interests. The Company continues to own Series A-1 Capital Interests, representing a 49% economic interest. Following these transactions, the Company continues to hold a noncontrolling voting interest in the Management Committee of Atalanta Sosnoff, and accordingly continues to account for its interest in Atalanta Sosnoff as an equity method investment.

In addition, as a result of these transactions, the Company performed an assessment of the carrying value of its equity interest in Atalanta Sosnoff for other-than-temporary impairment in accordance with ASC 323-10, "Investments - Equity Method and Joint Ventures." In determining the fair value of its investment, the Company utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. The market multiple approach included applying the average earnings multiples of comparable public companies, multiplied by the forecasted earnings of Atalanta Sosnoff, to yield an estimate of fair value. The discounted cash flow methodology began with the forecasted cash flows of Atalanta Sosnoff and applied a discount rate of 15.5%, which reflected the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The forecast inherent in the valuation assumes growth in revenues and earnings by the end of 2018, and, over the longer term, assumes a compound annual growth rate in revenues of 6% from the trailing twelve month period ended November 30, 2016.

As a result of the above analysis, the Company determined that the fair value of its investment in Atalanta Sosnoff was less than its carrying value as of November 30, 2016. The Company concluded this loss in value was other-than-temporary. Accordingly, the Company recorded an impairment charge of $8,100, in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2016, resulting in an investment in Atalanta Sosnoff at its fair value of $14,730 as of November 30, 2016. This charge resulted in a decrease of $3,980 to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2016.

Atalanta Sosnoff 2015 Transaction - On December 31, 2015, the Operating Agreement of Atalanta Sosnoff was amended such that, following the amendment, the Company is entitled to one of the three seats on the Management Committee of Atalanta Sosnoff, which is the governing committee with decision making power over Atalanta Sosnoff's operations (previously the Company held three out of five seats on the Management Committee). In addition, Atalanta Sosnoff exchanged the profits interests held by key employees for Series A-3 and A-4 Capital Interests. The Series A-4 Capital Interests remain profits interests for accounting purposes since they entitle the holder to distributions of future profits and are subject to forfeiture. Following the amendments, the Company continued to own Series A-1 Capital Interests, representing a 49% economic interest. Excluding the remaining profits interests, the Company's equity interest in Atalanta Sosnoff was 56.3% at December 31, 2015.

The 2015 amendments to the Operating Agreement gave the Company a noncontrolling voting interest in the Management Committee of Atalanta Sosnoff. The Management Committee of Atalanta Sosnoff controls the operations of Atalanta Sosnoff, including actions such as the appointment and termination of key management members of Atalanta Sosnoff, the approval of Atalanta Sosnoff's budget, as well as any material expenditure outside of its budget, the launch of new products or material changes in the pricing of existing products, and entering or exiting lines of business. Responsibility for the day-to-day operations remains with the management of Atalanta Sosnoff, including managing client relationships and making discretionary investment decisions. The Company, through the supermajority voting rights of the Management Committee, retains customary protective rights over specified matters that may arise outside of the ordinary course of business and/or where the probability of occurrence is remote. 

17

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

As a result of the above amendments, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff of $4,726 and $2,074, respectively, at December 31, 2015, and accounted for its interest in Atalanta Sosnoff as an equity method investment from that date forward. See Note 9 for further information. Furthermore, this resulted in a decrease in Goodwill in the Company's Institutional Asset Management reporting unit, in the Investment Management segment, of $27,274, as well as a decrease in Intangible Assets of $13,924, Noncontrolling Interest of $16,090 and Redeemable Noncontrolling Interest of $2,683 at December 31, 2015. In addition, the amendments resulted in a charge related to the conversion of certain of Atalanta Sosnoff's profits interests held by key employees to equity of $6,333 and a loss on deconsolidation of $812, each included in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2015.

Glisco Transaction - On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco Partners Inc. ("Glisco"), which assumed all responsibility for the management of the existing funds Glisco Partners II, L.P. ("Glisco II," formerly Evercore Mexico Capital Partners II, L.P., or EMCP II) and Glisco Partners III, L.P. ("Glisco III," formerly Evercore Mexico Capital Partners III, L.P., or EMCP III), and is controlled by the principals. These principals ceased to be employed by the Company following this transaction. A Senior Managing Director of the Company will continue to serve on the Investment Committee for the funds. This transaction received consent from the Limited Partner Advisory Committee of the funds and regulatory approval in Mexico during the third quarter of 2016 and closed on September 30, 2016.

As consideration for this transaction, the Company will receive a fixed percentage of the management fees earned by Glisco for a period of up to ten years, as well as a portion of the carried interest in the next two successor funds. The Company committed to invest capital in those successor funds consistent with the level of carried interest it owns and will retain its carried interest and its capital interests in the existing funds. The Company is entitled to 20% of the carried interest in such successor funds. In conjunction with this transaction, the Company entered into a transition services agreement to provide operational support to Glisco for a period of up to 18 months.

Following this transaction, the Company ceased to have a general partner's interest in and deconsolidated Glisco Capital Partners II and III ("GCP II" and "GCP III," formerly Evercore Mexico Partners II and III), the general partners of Glisco II and Glisco III, and related subsidiaries. Going forward the Company will maintain a limited partner's interest in the funds and the general partners of the funds.

In addition, the Company maintains a limited partner's interest in Glisco Manager Holdings LP, from which the Company will receive its portion of the management fees earned by Glisco. The Company's investment in Glisco Manager Holdings LP is accounted for under the cost method of accounting. See Note 9 for further information.

As a result of this transaction, on September 30, 2016 the Company deconsolidated assets and liabilities of $8,302 and $2,343, respectively, and recorded an investment in Glisco Manager Holdings LP of $2,519, representing the fair value of the deferred consideration resulting from this transaction. Furthermore, this resulted in a decrease in Noncontrolling Interest of $5,808 at September 30, 2016 related to GCP III. The transaction resulted in a gain on deconsolidation of $406, included in Other Revenue, Including Interest on the Consolidated Statements of Operations for the year ended December 31, 2016.

Kuna & Co. KG - On July 2, 2015, the Company acquired a 100% interest in Kuna & Co. KG, a Frankfurt-based investment banking advisory boutique, for $8,400. The Company's consideration for this transaction included the payment of €3,000, or $3,335, of cash at closing, as well as deferred cash consideration of €2,000, or $2,223, payable €500 on each of the four anniversary dates of the closing beginning in 2017, and contingent cash consideration which will be settled at various dates through 2020. The contingent consideration has a fair value of $2,225 and $2,221 as of December 31, 2016 and 2015, respectively. Payment of the contingent consideration is dependent on the business meeting certain revenue performance targets. This transaction resulted in the Company recognizing goodwill of $5,476 and intangible assets relating to advisory backlog of $2,900, recognized in the Investment Banking Segment. The intangible assets were being amortized over an estimated useful life of one year. The Company recognized $689 and $2,211 of amortization expense related to these intangible assets for the years ended December 31, 2016 and 2015, respectively. The Company did not consider the acquisition of Kuna & Co. KG to be significant to its financial condition, results of operations or cash flows.

Goodwill and Intangible Assets

Goodwill associated with the Company's acquisitions is as follows:

18

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	Investment Banking			Investment Management			Total
Balance at December 31, 2014	$	114,007		$	104,225		$	218,232
Acquisitions	5,476			—			5,476
Impairment of Goodwill	—			(28,500		)	(28,500		)
Deconsolidation of Atalanta Sosnoff	—			(27,274		)	(27,274		)
Foreign Currency Translation and Other	(4,207		)	2,734			(1,473		)
Balance at December 31, 2015 (1)	115,276			51,185			166,461
Foreign Currency Translation and Other	(787		)	(4,713		)	(5,500		)
Balance at December 31, 2016 (1)	$	114,489		$	46,472		$	160,961

(1) The amount of the Company's goodwill before accumulated impairment losses of $28,500 was $189,461 and $194,961 at December 31, 2016 and 2015, respectively.

Intangible assets associated with the Company's acquisitions are as follows:

	December 31, 2016
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	44,311	$	3,830	$	48,141	$	21,110	$	1,586	$	22,696
Non-compete/Non-solicit Agreements	—		154		154		—		124		124
Other	5,320		445		5,765		1,647		223		1,870
Total	$	49,631	$	4,429	$	54,060	$	22,757	$	1,933	$	24,690
	December 31, 2015
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	50,700	$	6,130	$	56,830	$	17,201	$	3,391	$	20,592
Non-compete/Non-solicit Agreements	—		169		169		—		108		108
Other	5,320		445		5,765		887		167		1,054
Total	$	56,020	$	6,744	$	62,764	$	18,088	$	3,666	$	21,754

Expense associated with the amortization of intangible assets was $11,640, $17,458 and $8,007for the years ended December 31, 2016, 2015 and 2014, respectively.

Based on the intangible assets above, as of December 31, 2016, annual amortization of intangibles for each of the next five years is as follows:

2017	$	9,835
2018	$	9,201
2019	$	7,868
2020	$	1,182
2021	$	996

The Company concluded that there was no impairment of Goodwill or Intangible Assets related to its Reporting Units during the year ended December 31, 2016. At November 30, 2016, in accordance with ASC 350, we performed our annual Goodwill impairment assessment. We concluded that the fair value of our reporting units substantially exceeded their carrying values as of November 30, 2016.

19

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

During the third quarter of 2015, the Institutional Asset Management reporting unit was impacted by adverse market and operating conditions, including a decline in AUM that was greater than anticipated at the time of the Company's previous Step 1 impairment assessment, investment performance below benchmarks and lower market multiples for asset managers in response to market volatility during the third quarter. As a result, the Company determined that the Step 1 impairment assessment criteria were satisfied, as contemplated by ASC 350 for the goodwill in its Institutional Asset Management reporting unit as of August 31, 2015.

In determining the fair value of this reporting unit, the Company utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. As a result of the analysis, the Company determined that the fair value of the Institutional Asset Management reporting unit was less than its carrying value as of August 31, 2015. Accordingly, during the third quarter of 2015, the Company began a Step 2 impairment assessment, which it completed during the fourth quarter of 2015. The Company recorded a goodwill impairment charge of $28,500 in the Investment Management segment, which is included within Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2015. This charge resulted in an impact of $9,785 on Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2015.

Note 5 – Acquisition and Transition Costs and Special Charges

Acquisition and Transition Costs

The Company recognized $99, $4,890 and $5,828for the years ended December 31, 2016, 2015 and 2014, respectively, as Acquisition and Transition Costs incurred in connection with acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services. In addition, acquisition and transition costs in 2016 included the reversal of $733 of a provision for certain settlements previously established in the fourth quarter of 2015 and acquisition and transition costs in 2015 included costs related to transitioning ISI's infrastructure.

Special Charges

The Company recognized $8,100 for the year ended December 31, 2016, as Special Charges incurred related to an impairment charge associated with the Company's investment in Atalanta Sosnoff. See Note 4 for further information.

The Company recognized $41,144 for the year ended December 31, 2015, as Special Charges incurred related to an impairment charge of $28,500 associated with the impairment of goodwill in the Company's Institutional Asset Management reporting unit and charges of $7,145 related to the restructuring of our investment in Atalanta Sosnoff, primarily related to the conversion of certain of Atalanta Sosnoff's profits interests held by management to equity interests. See Note 4 for further information. Special Charges in 2015 also included a charge of $2,151 for separation benefits and costs associated with the termination of certain contracts within the Company's Evercore ISI business as well as $3,348 for the finalization of a matter associated with the wind-down of the Company's U.S. Private Equity business.

The Company recognized $4,893 for the year ended December 31, 2014, as Special Charges incurred related to separation benefits and certain exit costs related to combining the equities business upon the ISI acquisition and a provision recorded in 2014 against contingent consideration due on the 2013 disposition of Evercore Pan-Asset Capital Management ("Pan.")

Note 6 – Related Parties

The Company remits payment for expenses on behalf of the private equity funds and is reimbursed accordingly. For the years ended December 31, 2016, 2015 and 2014, the Company disbursed $658, $1,795 and $1,282, respectively, on behalf of these entities.

Investment Management Revenue includes income from related parties earned from the Company's private equity funds for portfolio company fees, management fees, expense reimbursements and realized and unrealized gains and losses of private equity fund investments. Total Investment Management revenues from related parties amounted to $10,170, $8,876 and $10,302for the years ended December 31, 2016, 2015 and 2014, respectively.

Investment Banking Revenue includes advisory fees earned from clients that have a Senior Managing Director as a member of their Board of Directors of $13,312 and $1,251 for the years ended December 31, 2016 and 2014, respectively.

20

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Other Assets on the Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $17,862 and $6,967 as of December 31, 2016 and 2015, respectively.

The Company had $16,550 and $22,550 in subordinated borrowings, principally with an executive officer of the Company, as of December 31, 2016 and 2015, respectively. In February 2017, the Company repaid $6,000 of the original borrowings. See Note 12 for further information.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2016 and 2015:

	December 31,
	2016		2015
Advances to Employees	$	14,418	$	17,344
Personal Expenses Paid on Behalf of Employees and Related Parties	371		144
Receivable from Affiliates	—		1,266
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	—		213
Reimbursable Expenses Relating to the Private Equity Funds	245		2,222
Receivable from Employees and Related Parties	$	15,034	$	21,189

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2016 and 2015:

	December 31,
	2016		2015
Board of Director Fees	$	300	$	200
Amounts Due to U.K. Members	14,865		16,554
Amounts Due Pursuant to Tax Receivable Agreements (a)	12,201		11,638
Payable to Employees and Related Parties	$	27,366	$	28,392

(a) Relates to the current portion of the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $174,109 and $186,036 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2016 and 2015, respectively.

Note 7 – Marketable Securities

The amortized cost and estimated fair value of the Company's Marketable Securities as of December 31, 2016 and 2015 were as follows:

	December 31, 2016								December 31, 2015
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Investments	$	6,470	$	—	$	3,945	$	2,525	$	6,463	$	10	$	2,523	$	3,950
Debt Securities Carried by EGL	38,392		77		15		38,454		37,404		94		8		37,490
Investment Funds	23,665		1,854		11		25,508		2,291		155		99		2,347
Total	$	68,527	$	1,931	$	3,971	$	66,487	$	46,158	$	259	$	2,630	$	43,787

Scheduled maturities of the Company's available-for-sale debt securities within the Securities Investments portfolio as of December 31, 2016 and 2015 were as follows:

21

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	December 31, 2016				December 31, 2015
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	—	$	—	$	204	$	204
Due after one year through five years	1,748		1,728		1,537		1,545
Total	$	1,748	$	1,728	$	1,741	$	1,749

Since the Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity, and has not incurred credit losses on its securities, it does not consider such unrealized loss positions to be other-than-temporarily impaired at December 31, 2016.

Securities Investments

Securities Investments include equity and debt securities, which are classified as available-for-sale securities within Marketable Securities on the Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had net realized gains (losses) of ($46), ($47) and $856for the years ended December 31, 2016, 2015 and 2014, respectively.

Debt Securities Carried by EGL

EGL invests in a fixed income portfolio consisting primarily of municipal bonds. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of ($937), ($556) and ($550)for the years ended December 31, 2016, 2015 and 2014, respectively.

Investment Funds

The Company invests in a portfolio of exchange traded funds and mutual funds as an economic hedge against the Company's deferred compensation program. See Note 17 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $2,128, ($26) and $138for the years ended December 31, 2016, 2015 and 2014, respectively.

Note 8 – Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

The Company, through Evercore Casa de Bolsa, S.A. de C.V. ("ECB"), enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the open market, which the Company reflects as Financial Instruments Owned and Pledged as Collateral at Fair Value on the Consolidated Statements of Financial Condition, or by entering into reverse repurchase agreements with unrelated third parties. The Company accounts for these repurchase and reverse repurchase agreements as collateralized financing transactions, which are carried at their contract amounts, which approximate fair value given that the contracts mature the following business day. The Company records a liability on its Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. The Company records as assets on its Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where the Company has acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where the Company has acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities had an estimated average time to maturity of approximately 1.4 years, as of December 31, 2016, and are pledged as collateral against repurchase agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB and permit the counterparty to pledge the securities.

22

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

ECB has procedures in place to monitor the daily risk limits for positions taken, as well as the credit risk based on the collateral pledged under these agreements against their contract value from inception to maturity date. The daily risk measure is Value at Risk ("VaR"), which is a statistical measure, at a 98% confidence level, of the potential daily losses from adverse market movements in an ordinary market environment based on a historical simulation using the prior year's historical data. ECB's Risk Management Committee (the "Committee") has established a policy to maintain VaR at levels below 0.1% of the value of the portfolio. If at any point in time the threshold is exceeded, ECB personnel are alerted by an automated interface with ECB's trading systems and begin to make adjustments in the portfolio in order to mitigate the risk and bring the portfolio in compliance. Concurrently, ECB personnel must notify the Committee of the variance and the actions taken to reduce the exposure to loss.

In addition to monitoring VaR, ECB periodically performs discrete stress tests to assure that the level of potential losses that would arise from extreme market movements that may not be anticipated by VaR measures are within acceptable levels.

As of December 31, 2016 and 2015, a summary of the Company's assets, liabilities and collateral received or pledged related to these transactions was as follows:

	December 31, 2016						December 31, 2015
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	18,535					$	41,742
Securities Purchased Under Agreements to Resell	12,585			$	12,601		2,191			$	2,192
Total Assets	$	31,120					$	43,933
Liabilities
Securities Sold Under Agreements to Repurchase	$	(31,150	)	$	(31,155	)	$	(44,000	)	$	(44,063	)

Note 9 – Investments

The Company's investments reported on the Consolidated Statements of Financial Condition consist of investments in private equity partnerships, other investments in unconsolidated affiliated companies, an equity security in a private company and investments in Glisco Manager Holdings LP and Trilantic. The Company's investments are relatively high-risk and illiquid assets.

The Company's investments in private equity partnerships consist of investment interests in private equity funds which are voting interest entities. Realized and unrealized gains and losses on the private equity investments are included within Investment Management Revenue.

The Company also has investments in G5 ǀ Evercore, ABS and Atalanta Sosnoff, which are voting interest entities. The Company's share of earnings (losses) on its investments in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) are included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Investments in Private Equity

Private Equity Funds

The Company's investments related to private equity partnerships and associated entities include investments in Evercore Capital Partners II, L.P. ("ECP II"), Discovery Americas I, L.P. (the "Discovery Fund"), Glisco II, Glisco III, Trilantic Capital Partners Associates IV, L.P. ("Trilantic IV") and Trilantic Capital Partners V, L.P. ("Trilantic V"). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of the unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

On December 31, 2014, ECP II was terminated. The Company's investment at December 31, 2016 of $933 is comprised of its remaining interest in the general partner, including $852 in cash and $81 in securities. In addition, on September 12, 2016 the final distribution related to CSI Capital, L.P. ("CSI Capital") was made.

23

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

A summary of the Company's investment in the private equity funds as of December 31, 2016 and 2015 was as follows:

	December 31,
	2016		2015
ECP II	$	933	$	983
Discovery Fund	7,463		6,632
Glisco II	6,897		6,091
Glisco III	529		5,786
CSI Capital	—		35
Trilantic IV	211		2,829
Trilantic V	5,709		4,117
Total Private Equity Funds	$	21,742	$	26,473

Net realized and unrealized gains on private equity fund investments were $7,616, $5,086 and $7,858for the years ended December 31, 2016, 2015 and 2014, respectively. During the year ended December 31, 2016, Trilantic IV made distributions of $3,320. During the year ended December 31, 2015, ECP II, Glisco II, CSI Capital and Trilantic IV made distributions of $3,000, $3,194, $2,909 and $2,907, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of December 31, 2016, the Company had $1,400 of previously distributed carried interest that may be subject to repayment.

General Partners of Private Equity Funds which are VIEs

The Company has concluded that Evercore Partners II, L.L.C. ("EP II L.L.C."), the general partner of ECP II, is a VIE pursuant to ASC 810. The Company owned 8%-9% of the carried interest earned by the general partner of ECP II. The Company's assessment of the design of EP II L.L.C. resulted in the determination that the Company is not acting as an agent for other members of the general partner and is a passive holder of interests in the fund, evidenced by the fact that the Company is a non-voting, non-managing member of the general partner and, therefore, has no authority in directing the management operations of the general partner. Furthermore, the Company does not have the obligation to absorb significant losses or the right to receive benefits that could potentially have a significant impact to EP II L.L.C. Accordingly, the Company has concluded that it is not the primary beneficiary of EP II L.L.C. and has not consolidated EP II L.L.C. in the Company's consolidated financial statements.

Following the Glisco transaction, the Company concluded that GCP II, GCP III and Glisco Manager Holdings LP are VIEs and that the Company is not the primary beneficiary of these VIEs. The Company's assessment of the primary beneficiary of these entities included assessing which parties have the power to significantly impact the economic performance of these entities and the obligation to absorb losses, which could be potentially significant to the entities, or the right to receive benefits from the entities that could be potentially significant. Neither the Company nor its related parties will have the ability to make decisions that significantly impact the economic performance of these entities. Further, as a limited partner in these entities, the Company does not possess substantive participating rights. The Company had assets of $9,889 included in its Consolidated Statement of Financial Condition at December 31, 2016 related to these unconsolidated VIEs, representing the carrying value of the Company's investments in the entities. The Company's exposure to the obligations of these VIEs is generally limited to its investments in these entities. The Company's maximum exposure to loss as of December 31, 2016 was $12,232, which represents the carrying value of the Company's investments in these VIEs, as well as any unfunded commitments to the current funds.

Investment in Trilantic Capital Partners

In 2010, the Company made a limited partnership investment in Trilantic in exchange for 500 Class A LP Units having a fair value of $16,090. This investment gave the Company the right to invest in Trilantic's current and future private equity funds, beginning with Trilantic Fund IV. The Company accounts for this investment under the cost method, subject to impairment. The Company allocates the cost of this investment to its investments in current and future Trilantic funds as the Company satisfies the capital calls of these funds. The Company bases this allocation on its expectation of Trilantic's future fundraising ability and performance. During 2016, $1,130 and $50 of this investment was allocated to Trilantic Fund V and IV, respectively. During 2015, $636 and $8 of this investment was allocated to Trilantic Fund V and IV, respectively. During 2014, $689 of this investment was allocated to Trilantic Fund V. From 2010 to 2013, $825 and $1,120 of this investment was

24

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

allocated to Trilantic Fund V and IV, respectively. This investment had a balance of $11,632 and $12,812 as of December 31, 2016 and 2015, respectively. The Company has a $5,000 commitment to invest in Trilantic Fund V, of which $2,041 was unfunded at December 31, 2016. The Company and Trilantic anticipate that the Company will participate in the successor funds to Trilantic Fund V. The Company further anticipates that participation in the successor fund will be at approximately $12,000.

Cost Method Investments

In 2015, the Company received an equity security in a private company with a fair value of $1,079 in exchange for advisory services. This investment is accounted for under the cost method of accounting.

Following the Glisco transaction in 2016, the Company recorded an investment in Glisco Manager Holdings LP representing the fair value of the deferred consideration resulting from this transaction. This investment is accounted for under the cost method of accounting. The Company amortizes the balance of its investment as distributions are received related to the deferred consideration. This investment had a balance of $2,463 as of December 31, 2016.

Equity Method Investments

A summary of the Company's other investments accounted for under the equity method of accounting as of December 31, 2016 and 2015 was as follows:

	December 31,
	2016		2015
G5 ǀ Evercore	$	26,016	$	20,730
ABS	38,982		41,567
Atalanta Sosnoff	14,719		23,990
Total	$	79,717	$	86,287

G5 ǀ Evercore

In 2010, the Company made an investment accounted for under the equity method of accounting in G5 ǀ Evercore. At December 31, 2016, the Company's economic ownership interest in G5 ǀ Evercore was 49%. This investment resulted in earnings (losses) of $1,154, $662 and ($48)for the years ended December 31, 2016, 2015 and 2014, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations. In addition, the investment is subject to currency translation from Brazilian Real to the U.S. Dollar.

ABS

In 2011, the Company made an investment accounted for under the equity method of accounting in ABS. At December 31, 2016, the Company's economic ownership interest in ABS was 45%. This investment resulted in earnings of $4,913, $5,388 and $5,228for the years ended December 31, 2016, 2015 and 2014, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Atalanta Sosnoff

On December 31, 2015, the Company amended the Operating Agreement with Atalanta Sosnoff and deconsolidated its assets and liabilities. The Company accounted for its interest in Atalanta Sosnoff under the equity method of accounting from that date forward. The carrying amount of the investment was $23,990 at December 31, 2015, representing its fair value on that date.

Following the retirement of Atalanta Sosnoff's founding member during the fourth quarter of 2016, the Company performed an impairment assessment for its investment in Atalanta Sosnoff and concluded that an other-than-temporary impairment had occurred. The Company recorded an impairment charge of $8,100, included in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2016. See Note 4 for further information.

At December 31, 2016, the Company's economic ownership interest in Atalanta Sosnoff was 49%. This investment resulted in earnings of $574 for the year ended December 31, 2016, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

25

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Other

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company's share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets inherent in the investments of $3,533, $2,484 and $2,586for the years ended December 31, 2016, 2015 and 2014, respectively.

The Company assesses its equity method investments for impairment annually, or more frequently if circumstances indicate impairment may have occurred.

The Company acquired a 19% interest in Luminis Partners ("Luminis") on January 1, 2017, which will be accounted for under the equity method of accounting going forward. See Note 18 for further information.

Note 10 – Fair Value Measurements

ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820") establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities and listed derivatives. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The estimated fair values of the Corporate Bonds, Municipal Bonds, Other Debt Securities and Securities Investments held at December 31, 2016 and 2015 are based on prices provided by external pricing services.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2016 and 2015:

26

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	December 31, 2016
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	44,630	$	—	$	44,630
Securities Investments (1)	3,794		1,728		—		5,522
Investment Funds	25,508		—		—		25,508
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,535		—		—		18,535
Total Assets Measured At Fair Value	$	47,837	$	46,358	$	—	$	94,195
	December 31, 2015
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	44,144	$	—	$	44,144
Securities Investments (1)	5,200		1,749		—		6,949
Investment Funds	2,347		—		—		2,347
Financial Instruments Owned and Pledged as Collateral at Fair Value	41,742		—		—		41,742
Total Assets Measured At Fair Value	$	49,289	$	45,893	$	—	$	95,182

(1) Includes $9,173 and $9,653 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2016 and 2015, respectively.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.

The Company had no transfers between fair value levels during the years ended December 31, 2016 or 2015.

During the fourth quarter of 2016, the Company determined that the fair value of its equity method investment in Atalanta Sosnoff was $14,730. The fair value of the investment was estimated by utilizing both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. The equity method investment was measured at fair value on a non-recurring basis as a Level III asset. See Note 4 for further information.

During the fourth quarter of 2015, the Company determined that the fair value of the goodwill in its Institutional Asset Management reporting unit was $66,200. The fair value of the reporting unit was estimated by utilizing both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. Goodwill is measured at fair value on a non-recurring basis as a Level III asset. See Note 4 for further information.

The carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Consolidated Statements of Financial Condition, are listed in the tables below.

27

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

			December 31, 2016
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	549,351	$	549,351	$	—	$	—	$	549,351
Securities Purchased Under Agreements to Resell	12,585		—		12,585		—		12,585
Accounts Receivable	230,522		—		230,522		—		230,522
Receivable from Employees and Related Parties	15,034		—		15,034		—		15,034
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Closely-held Equity Security	1,079		—		—		1,079		1,079
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	30,723	$	—	$	30,723	$	—	$	30,723
Securities Sold Under Agreements to Repurchase	31,150		—		31,150		—		31,150
Payable to Employees and Related Parties	27,366		—		27,366		—		27,366
Notes Payable	168,097		—		170,251		—		170,251
Subordinated Borrowings	16,550		—		16,803		—		16,803
			December 31, 2015
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	439,111	$	439,111	$	—	$	—	$	439,111
Securities Purchased Under Agreements to Resell	2,191		—		2,191		—		2,191
Accounts Receivable	175,497		—		175,497		—		175,497
Receivable from Employees and Related Parties	21,189		—		21,189		—		21,189
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Closely-held Equity Security	1,079		—		—		1,079		1,079
Loans Receivable	3,500		—		3,666		—		3,666
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	43,878	$	—	$	43,878	$	—	$	43,878
Securities Sold Under Agreements to Repurchase	44,000		—		44,000		—		44,000
Payable to Employees and Related Parties	28,392		—		28,392		—		28,392
Notes Payable	119,250		—		120,373		—		120,373
Subordinated Borrowings	22,550		—		23,076		—		23,076

The following methods and assumptions were used to estimate the fair value of these financial assets and liabilities:

The fair value of the Company's Closely-held Equity Security is based on recent comparable transactions executed by the issuer.

The fair value of the Company's Loans Receivable, Notes Payable and Subordinated Borrowings is estimated based on a present value analysis utilizing aggregate market yields obtained from independent pricing sources for similar financial instruments.

28

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

The carrying amounts reported on the Consolidated Statements of Financial Condition for Cash and Cash Equivalents, Securities Purchased Under Agreements to Resell, Securities Sold Under Agreements to Repurchase, Accounts Receivable, Receivable from Employees and Related Parties, Accounts Payable and Accrued Expenses, Payable to Employees and Related Parties and Assets Segregated for Bank Regulatory Requirements approximate fair value due to the short-term nature of these items.

Note 11 – Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following:

	December 31,
	2016			2015
Furniture and Equipment	$	27,288		$	20,484
Leasehold Improvements	54,993			52,253
Computer and Computer-related Equipment	23,038			17,899
Total	105,319			90,636
Less: Accumulated Depreciation and Amortization	(53,668		)	(42,656		)
Furniture, Equipment and Leasehold Improvements, Net	$	51,651		$	47,980

Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $13,160, $10,469 and $8,256for the years ended December 31, 2016, 2015 and 2014, respectively.

Note 12 – Notes Payable and Subordinated Borrowings

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes, including: $38,000 aggregate principal amount of its 4.88% Series A senior notes due 2021 (the "Series A Notes"), $67,000 aggregate principal amount of its 5.23% Series B senior notes due 2023 (the "Series B Notes"), $48,000 aggregate principal amount of its 5.48% Series C senior notes due 2026 (the "Series C Notes") and $17,000 aggregate principal amount of its 5.58% Series D senior notes due 2028 (the "Series D Notes" and together with the Series A Notes, the Series B Notes and the Series C Notes, the "Private Placement Notes"), pursuant to a note purchase agreement (the "Note Purchase Agreement") dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the Private Placement Notes is payable semi-annually and the Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the Private Placement Notes plus accrued and unpaid interest to the prepayment date. The Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio, and customary events of default. As of December 31, 2016, the Company was in compliance with all of these covenants.

The Company used $120,000 of the net proceeds from the Private Placement Notes to repay outstanding borrowings under the senior credit facility with Mizuho Bank, Ltd. ("Mizuho") on March 30, 2016 and used the remaining net proceeds for general corporate purposes.

29

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Notes Payable is comprised of the following as of December 31, 2016:

Note	Maturity Date	Effective Annual Interest Rate		Carrying Value as of December 31, 2016 (a)
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	37,597
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,254
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,445
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,801
Total				$	168,097

(a) Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

The Company has subordinated borrowings, principally with an executive officer of the Company, due on October 31, 2019. These borrowings have a coupon of 5.5%, payable semi-annually. In April 2016, the Company repaid $6,000 of the original borrowings pursuant to a separate agreement. The Company had $16,550 and $22,550 in subordinated borrowings pursuant to these agreements as of December 31, 2016 and 2015, respectively. In February 2017, the Company repaid $6,000 of the original borrowings.

As of December 31, 2016, the future payments required on the Notes Payable and Subordinated Borrowings, including principal and interest were as follows:

2017	$	9,847
2018	9,847
2019	26,250
2020	8,937
2021	46,010
Thereafter	155,261
Total	$	256,152

Note 13 – Employee Benefit Plans

Defined Contribution Retirement Plan – The Company, through a subsidiary, provides certain retirement benefits to employees through a qualified retirement plan. The Evercore Partners Services East L.L.C. Retirement Plan (the "Evercore Plan") is a defined contribution plan with a salary deferral feature under Section 401(k) of the Internal Revenue Code. It also includes a discretionary profit sharing feature. The Evercore Plan was formed on February 1, 1996 and subsequently amended. The Evercore Plan's year ends on December 31 of each year. The Company, at its sole discretion, determines the amount, if any, of profit to be contributed to the Evercore Plan.

The Company made no contributions for the years ended December 31, 2016, 2015 and 2014.

Evercore Europe Defined Contribution Benefit Plan – Evercore Partners Limited ("Evercore Europe") established the Evercore Partners Limited Group Personal Pension Plan (the "Evercore Europe Plan"), a defined contribution benefit plan, in November 2006 for Evercore Europe employees and members.

The Evercore Europe Plan, for employees starting between November 2006 and July 2011, has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue, the Inland Revenue Service in the United Kingdom. Evercore Europe employees must have elected to participate in the plan prior to July 2011, and Evercore Europe has a minimum annualized contribution of 15% to 50% of an employee's salary for all the employees who participated, depending on the respective employee's level within the Company. These employees are also eligible to contribute up to 10% of their salary to the Evercore Europe Plan and under the terms of the Evercore Europe Plan, if an employee contributes a minimum of 7.5% to 10% of their salary to the plan, Evercore Europe must make a matching contribution of 5% to 10% of the employee's salary depending on the employee's level within the Company.

30

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

The Evercore Europe Plan, for employees starting after July 2011, has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue. Evercore Europe has a minimum annualized contribution of 17.5% of an employee's salary. Employees are also eligible to contribute a percentage of their salary to the Evercore Europe Plan; however, any contribution made does not entitle them to a matching contribution from Evercore Europe.   

The Company made contributions to the Evercore Europe Plan of $3,524, $3,808 and $4,167for the years ended December 31, 2016, 2015 and 2014, respectively.

ISI U.K Personal Pension Plan – For employees of ISI U.K., a personal pension plan is available for all employees to contribute a percentage of their salary. The Company will contribute up to 5% of an employee's salary. The Company made contributions to the ISI U.K. Personal Pension Plan of $82 for the year ended December 31, 2016.

Note 14 – Evercore Inc. Stockholders' Equity

Dividends – The Company's Board of Directors declared on January 30, 2017, a quarterly cash dividend of $0.34 per share, to the holders of record of Class A Shares as of February 24, 2017, which will be paid on March 10, 2017. During the year ended December 31, 2016, the Company declared and paid dividends of $1.27 per share, totaling $51,558. During the year ended December 31, 2015, the Company declared and paid dividends of $1.15 per share, totaling $46,326.

Treasury Stock – During the year ended December 31, 2016, the Company purchased 1,087 Class A Shares primarily from employees at values ranging from $44.30 to $70.65 per share (at an average cost per share of $47.63), primarily for the net settlement of stock-based compensation awards, and 2,388 net Class A Shares at market values ranging from $44.59 to $52.74 per share (at an average cost per share of $48.21) pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $167,241 on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. During the year ended December 31, 2015, the Company purchased 996 Class A Shares primarily from employees at values ranging from $47.56 to $59.02 per share (at an average cost per share of $50.92), primarily for the net settlement of stock-based compensation awards, and 4,471 net Class A Shares at market values ranging from $47.10 to $57.03 per share (at an average cost per share of $51.82) pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $283,283 on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

LP Units – During the year ended December 31, 2016, 532 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $5 and $16,242, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. During the year ended December 31, 2015, 586 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $6 and $12,833, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

During the year ended December 31, 2015, the Company purchased 26 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $353 and a decrease to Additional Paid-In Capital of $770, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

Accumulated Other Comprehensive Income (Loss) – As of December 31, 2016, Accumulated Other Comprehensive Income (Loss) on the Company's Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities and Investments, net, and a Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,828) and ($44,268), respectively.

Note 15 – Noncontrolling Interest

Noncontrolling Interest recorded in the consolidated financial statements of the Company relates to a 14% interest in Evercore LP, a 38% interest in Evercore Wealth Management ("EWM"), a 39% interest in Evercore Private Capital Advisory L.P. ("PCA"), a 28% interest in ECB (through January 29, 2016, the date all of the noncontrolling interest was repurchased by the Company), a 34% equity interest in Atalanta Sosnoff (through December 31, 2015, the date it was deconsolidated), a 38% interest in Institutional Equities (through October 31, 2014, the date all of the noncontrolling interest was repurchased by the Company) and other private equity partnerships (through September 30, 2016, the date the Company deconsolidated its Mexican Private Equity business). The Noncontrolling Interests for Evercore LP, EWM and PCA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the years ended December 31, 2016, 2015 and 2014 were as follows:

31

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	For the Years Ended December 31,
	2016			2015			2014
Beginning balance	$	202,664		$	160,952		$	60,577
Comprehensive income (loss):
Net Income Attributable to Noncontrolling Interest	40,984			14,827			20,497
Other comprehensive income (loss)	(3,737		)	(3,886		)	(2,608		)
Total comprehensive income	37,247			10,941			17,889
Evercore LP Units Purchased or Converted into Class A Shares	(16,480		)	(12,012		)	(11,686		)
Amortization and Vesting of LP Units/Interests	81,392			82,734			3,593
Issuance of Noncontrolling Interest for Acquisitions and Investments	—			—			72,344
Other Items:
Distributions to Noncontrolling Interests	(38,154		)	(23,723		)	(10,655		)
Deconsolidation of Atalanta Sosnoff	—			(16,090		)	—
Net Reclassification to/from Redeemable Noncontrolling Interest	—			—			27,477
Issuance of Noncontrolling Interest	885			594			2,449
Purchase of Noncontrolling Interest	(5,225		)	—			—
Deconsolidation of GCP III	(5,808		)	—			—
Other, net	(488		)	(732		)	(1,036		)
Total other items	(48,790		)	(39,951		)	18,235
Ending balance	$	256,033		$	202,664		$	160,952

Other Comprehensive Income -Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of ($699), ($1,083) and ($981)for the years ended December 31, 2016, 2015 and 2014, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($3,038), ($2,803) and ($1,627)for the years ended December 31, 2016, 2015 and 2014, respectively.

Interests Purchased -On January 29, 2016, the Company purchased, at fair value, all of the noncontrolling interest in ECB for $6,482 resulting in a decrease to Noncontrolling Interest of $5,225 and a decrease to Additional Paid-In Capital of $1,257, on the Company's Consolidated Statement of Financial Condition for the year ended December 31, 2016.

During the year ended December 31, 2016, the Company purchased 5 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $235 on the Company's Consolidated Statement of Financial Condition as of December 31, 2016.

During the year ended December 31, 2015, the Company purchased 26 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $353 and a decrease to Additional Paid-In Capital of $770, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

In May 2014, the Company purchased 3 units, or 22%, of the aggregate amount of the outstanding EWM Class A units held by members of EWM for 119 Class A Shares and 11 LP Units of the Company, at a fair value of $7,100. This transaction resulted in an increase in the Company's ownership in EWM to 62%. In conjunction with this purchase, the Company amended the Amended and Restated Limited Liability Company Agreement of EWM. Per the amended agreement, the holders of certain EWM interests no longer have the option to redeem these capital interests for cash upon the event of the death or disability of the holder. Accordingly, the value of these interests had been reclassified from Redeemable Noncontrolling Interest to Noncontrolling Interest on the Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2014. The above transactions had the effect of reducing Redeemable Noncontrolling Interest and Treasury Stock by $34,577 and $3,856, respectively, and increasing Noncontrolling Interest and Additional Paid-In-Capital by $27,477 and $3,244, respectively, at June

32

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

30, 2014. These interests were reflected at their fair value of $34,577 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statement of Financial Condition at March 31, 2014. Changes in the fair value of these redeemable noncontrolling interests resulted in a decrease to Additional Paid-In-Capital of $4,116 for the year ended December 31, 2014.

GCP III - On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco. Upon the closing of this transaction, which occurred on September 30, 2016, the Company deconsolidated the noncontrolling interest in GCP III of $5,808. See Note 4 for further information.

Atalanta Sosnoff - On December 31, 2015, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff, as well as its related redeemable noncontrolling interests. See Note 4 for further information.

ISI Transaction - The value of the Class E LP Units exchanged as consideration for the Company's acquisition of the operating businesses of ISI, as well as the value of Class E LP Units exchanged for the interest in its Institutional Equities business it did not own, resulted in an increase to Noncontrolling Interest of $68,835 as of December 31, 2014. Further, the purchase of the remaining noncontrolling interest in the Institutional Equities business, including the portion exchanged for cash, resulted in a reduction of Additional Paid-In-Capital of $17,307 for the year ended December 31, 2014. Further, the Company's acquisition of a small advisory boutique firm resulted in an increase in Noncontrolling Interest of $3,509 as of December 31, 2014.

Other - In addition, Noncontrolling Interest was reduced and Additional Paid-In-Capital was increased by the net effect of $1,124 as of December 31, 2014, reflecting other adjustments resulting from changes in ownership in the Company's subsidiaries.

Note 16 – Net Income Per Share Attributable to Evercore Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the years ended December 31, 2016, 2015 and 2014 are described and presented below.

33

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	For the Years Ended December 31,
	2016		2015		2014
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,220		37,161		35,827
Basic net income per share attributable to Evercore Inc. common shareholders	$	2.74	$	1.15	$	2.42
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(a)		(a)		(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)		(a)		(a)
Diluted net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,220		37,161		35,827
Assumed exchange of LP Units for Class A Shares	(a)		(a)		(a)
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	2,065		2,162		2,723
Shares that are contingently issuable (b)	2,908		1,747		88
Assumed conversion of Warrants issued (c)	—		2,629		3,205
Diluted weighted average Class A Shares outstanding	44,193		43,699		41,843
Diluted net income per share attributable to Evercore Inc. common shareholders	$	2.43	$	0.98	$	2.08

(a) The Company has outstanding LP Units in its subsidiary, Evercore LP, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the years ended December 31, 2016, 2015 and 2014, the LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 6,397, 6,606 and 5,161for the years ended December 31, 2016, 2015 and 2014, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $18,196, $7,697 and $12,912for the years ended December 31, 2016, 2015 and 2014, respectively. In computing this adjustment, the Company assumes that all vested Class A LP Units and all Class E LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and, that it has adopted a conventional corporate tax structure and is taxed as a C Corporation in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the LP Units will result in a dilutive computation in future periods.

(b) At December 31, 2016 and 2015, the Company has outstanding Class G and H LP Interests which are contingently exchangeable into Class E LP Units, and ultimately Class A Shares, as well as outstanding Class I-P Units which are contingently exchangeable into Class I LP Units, and ultimately Class A Shares, as they are subject to certain performance

34

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

thresholds being achieved. See Note 17 for a further discussion. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class G and H LP Interests and Class I-P LP Units will be included in diluted weighted average Class A Shares outstanding as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that will be included in diluted weighted average Class A Shares outstanding will be based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period. The Interests/Units that were assumed to be converted to an equal number of Class A Shares for purposes of computing diluted EPS were 2,908 and 1,747 for the years ended December 31, 2016 and 2015, respectively.

(c) In November 2015, Mizuho exercised in full its outstanding Warrants to purchase 5,455 Class A Shares, of which the Company repurchased 2,355 shares.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

Note 17 – Share-Based and Other Deferred Compensation

Acquisition-related LP Units

Equities business - In conjunction with the acquisition of the operating businesses of ISI in 2014, the Company issued Evercore LP units and interests which have been treated as compensation, including 710 vested Class E LP Units and an allocation of the value, attributed to post-combination service, of 710 Class E LP Units that were unvested and vest ratably on October 31, 2015, 2016 and 2017 and become exchangeable once vested. The units will become exchangeable into Class A Shares of the Company subject to certain liquidated damages and continued employment provisions. Compensation expense related to Class E LP Units was $21,077, $21,425 and $3,399for the years ended December 31, 2016, 2015 and 2014, respectively.

In October 2016 and 2015, 224 and 233 Class E LP Units vested, respectively.

The Company also issued 538 vested and 540 unvested Class G LP Interests, which vest ratably on February 15, 2016, 2017 and 2018, and 2,044 vested and 2,051 unvested Class H LP Interests, which will vest ratably on February 15, 2018, 2019 and 2020. The Company's vested Class G and Class H LP Interests will become exchangeable into Class A Shares of the Company subject to the achievement of certain performance targets. The Company's vested Class G LP Interests become exchangeable in February 2016, 2017 and 2018 if certain earnings before interest and taxes, excluding underwriting, ("Management Basis EBIT") margin thresholds within a range of 12% to 16%, are achieved for the calendar year preceding the date the interests become exchangeable. The Company's vested Class H LP Interests will become exchangeable in February 2018, 2019 and 2020 if certain average Management Basis EBIT and Management Basis EBIT margin thresholds, within ranges of $8,000 to $48,000 and 7% to 17%, respectively, are achieved for the three calendar years preceding the date the interests become exchangeable. In the event of death, disability or termination of employment without cause, unvested Class G and H LP Interests will be canceled or may vest based on determination of expected performance, based on a decision by Management.

In February 2017 and 2016, 368 and 371 Class G LP Interests achieved their performance targets and were converted to the same number of Class E LP Units, respectively.

Based on Evercore ISI's results for the year ended December 31, 2016, the Company determined that the achievement of certain of the remaining performance thresholds for the remaining Class G and H LP Interests was probable at December 31, 2016. This determination assumes a Management Basis EBIT margin of 16.1% and an annual Management Basis EBIT of $39,634 being achieved over the remaining performance period for Evercore ISI which would result in 3,610 Class G and H LP Interests vesting and becoming exchangeable into Class E LP Units. For the year ended December 31, 2015, the Company had determined that the achievement of certain of the remaining performance thresholds for the Class G and H LP Interests was probable and assumed a Management Basis EBIT margin of 15.2% and an annual Management Basis EBIT of $34,395 being achieved over the performance period for Evercore ISI. Accordingly, $59,357 and $61,111 of expense was recorded for the years ended December 31, 2016 and 2015, respectively, for the Class G and H LP Interests.

As of December 31, 2014, the Company determined that the achievement of the above performance thresholds associated with the Class G and H LP Interests was not probable. Accordingly, no expense was recorded for the year ended December 31, 2014 for the Class G and H LP Interests.

35

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Assuming the maximum thresholds for the Class G and H LP Interests were considered probable of achievement at December 31, 2016, an additional $34,969 of expense would have been incurred for the year ended December 31, 2016 and the remaining expense to be accrued over the future vesting period extending from January 1, 2017 to February 15, 2020 would be $110,457. In that circumstance, the total number of Class G and H LP Interests that would vest and become exchangeable to Class E LP Units would be 4,939. Conversely, the life to date actual accrued expense related to unvested Class G and H LP Interests as of December 31, 2016 was $86,984, which would be reversed if the actual performance falls below, or is deemed probable of falling below, the minimum thresholds prior to vesting.

The following tables summarize activity related to the Acquisition-related Awards for the Company's equities business during the year ended December 31, 2016. In these tables, awards whose performance conditions have not yet been achieved are reflected as unvested:

	Class E LP Units
	Number of Units		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	771		$	39,525
Granted	4		203
Modified	—		—
Forfeited	(5	)	(270		)
Vested/Performance Achieved	(389	)	(19,755		)
Unvested Balance at December 31, 2016	381		$	19,703

	Class G LP Interests					Class H LP Interests
	Number of Interests		Grant Date Weighted Average Fair Value			Number of Interests		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	1,075		$	55,623		4,083		$	211,365
Granted	6		308			33		1,752
Modified	—		—			—		—
Forfeited	(6	)	(303		)	(33	)	(1,729		)
Vested/Performance Achieved	(364	)	(18,811		)	(37	)	(1,933		)
Unvested Balance at December 31, 2016	711		$	36,817		4,046		$	209,455

As of December 31, 2016, the total compensation cost not yet recognized related to these Acquisition-related Awards, including awards which are subject to performance conditions, was $162,379. The weighted-average period over which this compensation cost is expected to be recognized is 26 months.

Other Acquisition Related

Lexicon - During 2011, in connection with the acquisition of The Lexicon Partnership LLP ("Lexicon"), the Company committed to issue 1,883 restricted Class A Shares, including dividend equivalent units, ("Lexicon Acquisition-related Awards") and deferred cash consideration.Compensation expense related to Lexicon Acquisition-related Awards and deferred cash consideration was $1,237 and $301, respectively, for the year ended December 31, 2015, and $5,255 and $1,626, respectively, for the year ended December 31, 2014.

As of December 31, 2015, all Lexicon Acquisition-related Awards were fully vested and all compensation costs related to Lexicon Acquisition-related Awards and deferred cash consideration were recognized.

Stock Incentive Plans

In 2006 the Company's stockholders and board of directors adopted the Evercore Inc. 2006 Stock Incentive Plan. The total number of Class A Shares which could be issued under this plan was 20,000. During the second quarter of 2013, the Company's stockholders approved the Amended and Restated 2006 Evercore Inc. Stock Incentive Plan (the "2006 Plan"). The

36

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

amended and restated plan, among other things, authorized an additional 5,000 shares of the Company's Class A Shares. As of December 31, 2015, the total shares available to be granted in the future under the 2006 Plan was 2,865.

During the second quarter of 2016, the Company's stockholders approved the Amended and Restated 2016 Evercore Inc. Stock Incentive Plan (the "2016 Plan"), which replaced the 2006 Plan. The 2016 Plan, among other things, authorizes an additional 10,000 shares of the Company's Class A Shares. The plans permit the Company to grant to key employees, directors and consultants incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, RSUs and other awards based on the Company's Class A Shares. The Company intends to use newly-issued Class A Shares to satisfy any awards under the plans. Class A Shares underlying any award granted under the plans that expire, terminate or are canceled or satisfied for any reason without being settled in stock again become available for awards under the plans. The total shares available to be granted in the future under the 2016 Plan was 9,906 as of December 31, 2016.

The Company also grants dividend equivalents, in the form of unvested RSU awards, concurrently with the payment of dividends to the holders of Class A Shares, on all unvested RSU grants awarded in conjunction with annual bonuses as well as new hire awards granted after April 2012. The dividend equivalents have the same vesting and delivery terms as the underlying RSU award.

The Company had 61 RSUs which were fully vested but not delivered as of December 31, 2016.

Equity Grants

2016Equity Grants. During 2016, pursuant to the 2006 Plan and 2016 Plan, the Company granted employees 3,144 RSUs that are Service-based Awards. The Company also granted 900 RSUs during 2016 in conjunction with the appointment of the Executive Chairman, which are Service-based Awards granted outside of the 2016 Plan in reliance on the employment inducement exception provided under § 303A.08 of the NYSE Listed Company Manual. See "Executive Chairman" below for further information.

Service-based Awards granted during 2016 had grant date fair values of $44.30 to $70.65 per share. During 2016, 2,609 Service-based Awards vested and 181 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $125,990 for the year ended December 31, 2016.

The following table summarizes activity related to Service-based Awards during the year ended December 31, 2016:

	Service-based Awards
	Number of Shares		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	5,634		$	261,603
Granted	4,044		208,833
Modified	—		—
Forfeited	(181	)	(8,758		)
Vested	(2,609	)	(115,230		)
Unvested Balance at December 31, 2016	6,888		$	346,448

As of December 31, 2016, the total compensation cost related to unvested Service-based Awards not yet recognized was $233,420. The ultimate amount of such expense is dependent upon the actual number of Service-based Awards that vest. The Company periodically assesses the forfeiture rates used for such estimates. A change in estimated forfeiture rates would cause the aggregate amount of compensation expense recognized in future periods to differ from the estimated unrecognized compensation expense described herein. The weighted-average period over which this compensation cost is expected to be recognized is 31 months.

2015Equity Grants. During 2015, pursuant to the 2006 Plan, the Company granted employees 2,712 RSUs that are Service-based Awards. Service-based Awards granted during 2015 had grant date fair values of $48.41 to $58.47 per share. During 2015, 2,259 Service-based Awards vested and 167 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $105,496 for the year ended December 31, 2015.

2014 Equity Grants. During 2014, pursuant to the 2006 Plan, the Company granted employees 2,071 RSUs that are Service-based Awards. Service-based Awards granted during 2014 had grant date fair values of $46.59 to $58.67 per share.

37

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

During 2014, 3,245 Service-based Awards vested and 158 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $90,597 for the year ended December 31, 2014.

Executive Chairman

In November 2016, in conjunction with the appointment of the Executive Chairman, the Company issued the following awards:

The Company granted a restricted cash award with a target payment amount of $35,000, of which $11,000 is scheduled to vest on March 1, 2019 and $6,000 is scheduled to vest on each of the first four anniversaries of March 1, 2019, provided that the Executive Chairman continues to remain employed through each such vesting date, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following May 1, 2019, subject to a six month prior written notice requirement) or a change in control. The Company has the discretion to increase (by an amount up to $35,000) or decrease (by an amount up to $8,750) the total amount payable under this award. Compensation expense related to this award was $568 for the year ended December 31, 2016.

The Company granted 900 RSUs with a grant date fair value of $65.38 per share, of which 18% vested on December 31, 2016 and were fully expensed during the year ended December 31, 2016. An additional 14% of these RSUs vest on each of March 1, 2018, 2019, 2020 and 2021, and 26% on March 1, 2022, provided that the Executive Chairman continues to remain employed through the applicable vesting date, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following January 15, 2022, subject to a one year prior written notice requirement) or a change in control. These awards will be expensed ratably over the remaining vesting period. Compensation expense, included in compensation expense related to Service-based Awards above, related to this award was $10,591 for the year ended December 31, 2016.

The Company issued 400 Class I-P Units of Evercore LP. These Class I-P Units convert into a specified number of Class I LP Units, which are exchangeable on a one-for-one basis to Class A Shares, contingent on the achievement of certain market and service conditions, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following January 15, 2022, subject to a one year prior written notice requirement) or a change in control. These Class I-P Units are segregated into two groups of 200 units each, with share price threshold vesting conditions which are required to exceed a certain level for 20 consecutive trading days. The Company determined the fair value of the award to be $24,412 and is expensing the award ratably over the implied service period, which ends on March 1, 2022. As the award contains market-based conditions, the entire expense will be recognized if the award does not vest for any reason other than the service conditions. Compensation expense related to this award was $544 for the year ended December 31, 2016.

Deferred Cash Program

The Company's deferred compensation program provided participants the ability to elect to receive a portion of their deferred compensation in cash, which is indexed to a notional investment portfolio and vests ratably over four years and requires payment upon vesting. The Company granted $41,147, $3,926 and $9,153 of deferred cash awards pursuant to the deferred compensation program during 2016, 2012 and 2011, respectively. Compensation expense related to this deferred compensation program was $14,936, $1,476 and $3,683for the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016, the total compensation cost related to the deferred compensation program not yet recognized was $29,916. The weighted-average period over which this compensation cost is expected to be recognized is 38 months.

Long-term Incentive Plan

The Company's Long-term Incentive Plan provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over a four-year performance period beginning January 1, 2013. These awards, which aggregate $50,098 of liabilities on the Consolidated Statement of Financial Condition as of December 31, 2016, will be paid, in cash or Class A Shares, at the Company's discretion, in three equal installments in the first quarter of 2017, 2018 and 2019, subject to employment at the time of payment. These awards are subject to retirement eligibility requirements. The Company periodically assesses the probability of the benchmarks being achieved and expenses the probable payout over the requisite service period of the award. The compensation expense related to these awards was $35,258, $6,192 and $5,700for the years ended December 31, 2016, 2015 and 2014, respectively.

38

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Employee Loans Receivable

Periodically, the Company provides new and existing employees with cash payments in the form of loans and/or other cash awards which are subject to ratable vesting terms with service requirements ranging from one to five years. Generally, the terms of these awards include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. In circumstances where the employee meets the Company's minimum credit standards, the Company amortizes these awards to compensation expense over the relevant service period which is generally the period they are subject to forfeiture. Compensation expense related to these awards was $19,625, $14,564 and $13,851for the years ended December 31, 2016, 2015 and 2014, respectively. The remaining unamortized amount of these awards was $32,845 as of December 31, 2016.

Other

The total income tax benefit related to share-based compensation arrangements recognized in the Company's Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 was $44,209, $36,755 and $34,375, respectively.

In conjunction with the restructuring of our investment in Atalanta Sosnoff, the Company incurred expense included in Special Charges of $6,333 related to the conversion of certain of Atalanta Sosnoff's profits interests to equity, resulting in an increase to Additional Paid-In-Capital of $6,333 for the year ended December 31, 2015.

During the first quarter of 2017, as part of the 2016 bonus awards, the Company granted to certain employees approximately 2,500 unvested RSUs pursuant to the 2016 Plan. These awards will generally vest over four years.

Separation Benefits

The Company granted separation benefits to certain employees, resulting in expense included in Employee Compensation and Benefits of approximately $6,820, $6,766 and $5,671for the years ended December 31, 2016, 2015 and 2014, respectively. In conjunction with these arrangements, the Company distributed cash payments of $3,622, $3,805 and $3,415for the years ended December 31, 2016, 2015 and 2014, respectively. The Company also granted separation benefits to certain employees, resulting in expense included in Special Charges of approximately $1,863 and $3,372 for the years ended December 31, 2015 and 2014, respectively. In conjunction with these arrangements, the Company distributed cash payments of $487 and $238 for the years ended December 31, 2015 and 2014, respectively. See Note 5 for further information.

Note 18 – Commitments and Contingencies

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2025. The Company reflects lease expense over the lease terms on a straight-line basis. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. Occupancy and Equipment Rental on the Consolidated Statements of Operations includes occupancy rental expense relating to operating leases of $33,405, $34,180 and $27,375for the years ended December 31, 2016, 2015 and 2014, respectively.

In conjunction with the lease of office space, the Company has entered into letters of credit in the amounts of approximately $5,387 and $5,086, which are secured by cash and included in Other Assets on the Consolidated Statements of Financial Condition as of December 31, 2016 and 2015, respectively.

The Company has entered into various operating leases for the use of certain office equipment. Rental expense for office equipment totaled $2,449, $1,990 and $1,640for the years ended December 31, 2016, 2015 and 2014, respectively. Rental expense for office equipment is included in Occupancy and Equipment Rental on the Consolidated Statements of Operations.

39

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

As of December 31, 2016, the approximate aggregate minimum future payments required on the operating leases are as follows:

2017	$	33,335
2018	32,677
2019	32,105
2020	30,241
2021	27,299
Thereafter	36,036
Total	$	191,693

Private Equity – As of December 31, 2016, the Company had unfunded commitments for capital contributions of $4,624 to private equity funds. These commitments will be funded as required through the end of each private equity fund's investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

On February 11, 2010, the Company announced the formation of a strategic alliance to pursue private equity investment opportunities with Trilantic and to collaborate on the future growth of Trilantic's business. See Note 9 for further information.

Under the terms of the acquisition agreement for Protego Casa de Bolsa, S.A. de C.V., the Company is obligated to pay the partners that sold Protego 90% of the return proceeds and performance fees received from Protego's investment in the general partner of the Discovery Fund. Beginning in 2014, the Company received distributions from Discovery Americas Associated L.P., the general partner of the Discovery Fund. Accordingly, as of December 31, 2016, the Company recorded Goodwill of $10,523 pursuant to this agreement. The carrying value of the Company's investment in the Discovery Fund is $7,463 at December 31, 2016. See Note 9 for further information.

Lines of Credit

ECB maintains a line of credit with BBVA Bancomer to fund its trading activities on an intra-day and overnight basis. The intra-day facility has a maximum aggregate principal amount of approximately $9,700 and is secured by trading securities. No interest is charged on the intra-day facility. The overnight facility is charged the Inter-Bank Balance Interest Rate plus 10 basis points. There have been no significant draw downs on ECB's line of credit since August 10, 2006. The line of credit is renewable annually.

On June 26, 2015, Evercore Partners Services East L.L.C. ("East"), a wholly-owned subsidiary of the Company, increased its line of credit from First Republic Bank to an aggregate principal amount of up to $75,000, to be used for working capital and other corporate activities, including, but not limited to, the repurchase of the Company's stock from time to time. This facility was secured by (i) cash and cash equivalents of East held in a designated account with First Republic Bank, (ii) certain of East's intercompany receivables and (iii) third party accounts receivable of EGL. Drawings under this facility bore interest at the prime rate. The facility was renewed on June 26, 2015 and the maturity date was extended to June 27, 2016. On January 15, 2016, the line of credit from First Republic Bank was decreased to an aggregate principal amount of up to $50,000. In addition, the agreement was modified to impose similar quarterly financial covenants as the Company agreed to in the senior credit facility with Mizuho executed in November 2015, including (i) a Minimum Consolidated Tangible Net Worth, (ii) a Minimum Unencumbered Liquid Asset Ratio and (iii) a Maximum Consolidated Leverage Ratio. On January 27, 2016, East drew down $50,000 on this facility. East repaid and terminated its line of credit with First Republic Bank on June 23, 2016.

On June 24, 2016, East entered into a loan agreement with PNC Bank, National Association ("PNC") for a revolving credit facility in an aggregate principal amount of up to $30,000, to be used for working capital and other corporate activities. This facility is secured by East's accounts receivable and the proceeds therefrom, as well as certain assets of EGL, including certain of EGL's accounts receivable. In addition, the agreement contains certain reporting covenants as well as certain debt covenants that prohibit East and the Company from incurring other indebtedness subject to specified exceptions. Drawings under this facility bear interest at the prime rate. The facility matures on June 23, 2017, subject to an extension agreed to between East and PNC. On February 2, 2017, East drew down $30,000 on this facility.

Tax Receivable Agreements - As of December 31, 2016, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $186,310. The Company expects to pay to the counterparties to the Tax Receivable

40

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Agreements $12,201 within one year or less, $24,554 in one to three years, $26,792 in three to five years and $122,763 after five years.

Other Commitments

During the first quarter of 2015, in conjunction with the Company entering into a strategic alliance with Luminis, the Company committed to loan Luminis $5,500. The Company paid Luminis $3,500 pursuant to the loan agreement during the year ended December 31, 2015. In December 2016, the Company gave notice of its intent to exercise its call option to purchase a 19% interest in Luminis. As consideration for this transaction, the Company converted the $3,500 loan issued to Luminis and transferred an additional $2,000 of cash during December 2016. Accordingly, the Company recorded $5,500 in Other Assets on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. This transaction closed on January 1, 2017 and will be accounted for under the equity method of accounting going forward.

In addition, the Company enters into commitments to pay contingent consideration related to certain of its acquisitions. At December 31, 2016, the Company had a remaining commitment for contingent consideration related to its acquisition of Protego in 2006, as well as commitments related to its acquisition of a boutique advisory business in 2014 and its acquisition of Kuna & Co. KG in 2015.

Contingencies

In the normal course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Singapore, Canadian and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company's business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of determining whether any loss in connection with such matters is probable and whether the amount of such loss can be reasonably estimated, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot estimate the amount of such loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Provisions for losses are established in accordance with ASC 450, "Contingencies" when warranted. Once established, such provisions are adjusted when there is more information available or when an event occurs requiring a change.

On September 19, 2016, EGL was named as a defendant in the First Amended and Supplemented Verified Class Action Complaint (the "Complaint"), filed in the Chancery Court of the State of Delaware in a case entitled City of Daytona Beach Police and Fire Pension Fund v. ExamWorks Group, Inc., et al. (C.A. No. 12481-VCL). The Complaint was brought on behalf of a purported class consisting of all ExamWorks common stockholders and purports to assert a claim against EGL for aiding and abetting breaches of fiduciary duties by ExamWorks officers and directors in connection with a merger transaction between ExamWorks and affiliates of Leonard Green & Partners, L.P. that was agreed to on April 26, 2016 and consummated on July 27, 2016. The Complaint seeks certification as a class action and unspecified compensatory damages plus interest and attorneys' fees. EGL intends to vigorously defend the case, and is indemnified for legal expenses (including reasonable attorney's fees) and other liabilities, except in certain cases involving gross negligence, bad faith or willful misconduct. 

Note 19 – Regulatory Authorities

EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL's regulatory net capital as of December 31, 2016 and 2015 was $119,644 and $79,019, respectively, which exceeded the minimum net capital requirement by $119,394 and $78,769, respectively.

On December 31, 2015, the operations of International Strategy & Investment Group L.L.C. were transferred to EGL.

Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries are in excess of their local capital adequacy requirements at December 31, 2016.

41

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

ETC, which is limited to fiduciary activities, is regulated by the Office of the Comptroller of the Currency ("OCC") and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to (1) maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require), (2) maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 90 days coverage of ETC's operating expenses and (3) provide at least $10,000 of certain collateral held in a segregated account at a third-party depository institution. The collateral is included in Assets Segregated for Bank Regulatory Requirements on the Consolidated Statements of Financial Condition. The Company was in compliance with the aforementioned agreements as of December 31, 2016.

Note 20 – Income Taxes

As a result of the Company's formation and IPO, collectively referred to as the reorganization, the operating business entities of the Company were restructured and a portion of the Company's income is subject to U.S. federal, state, local and foreign income taxes and is taxed at the prevailing corporate tax rates. Taxes Payable as of December 31, 2016 and 2015 were $27,321 and $20,886, respectively.

The following table presents the U.S. and non-U.S. components of Income before income tax expense:

	For the Years Ended December 31,
	2016		2015		2014
U.S.	$	204,920	$	81,157	$	124,747
Non-U.S.	21,911		38,736		30,883
Income before Income Tax Expense (a)	$	226,831	$	119,893	$	155,630

(a) Net of Noncontrolling Interest.

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 consist of:

	For the Years Ended December 31,
	2016			2015			2014
Current:
Federal	$	79,596		$	56,064		$	33,814
Foreign	10,832			9,798			10,513
State and Local	18,832			14,795			10,114
Total Current	109,260			80,657			54,441
Deferred:
Federal	11,510			(1,196		)	15,104
Foreign	(1,439		)	659			(3,080		)
State and Local	(28		)	(3,090		)	2,291
Total Deferred	10,043			(3,627		)	14,315
Total	$	119,303		$	77,030		$	68,756

A reconciliation between the federal statutory income tax rate and the Company's effective income tax rate for the years ended December 31, 2016, 2015 and 2014 is as follows:

42

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	For the Years Ended December 31,
	2016		2015		2014
Reconciliation of Federal Statutory Tax Rates:
U.S. Statutory Tax Rate	35.0	%	35.0	%	35.0	%
Increase Due to State and Local Taxes	4.8	%	7.0	%	6.0	%
Rate Benefits as a Limited Liability Company/Flow Through	(5.9	)%	(5.9	)%	(4.2	)%
Foreign Taxes	0.7	%	1.5	%	0.4	%
Non-Deductible Expenses (1)	9.9	%	19.9	%	1.1	%
Valuation Allowances	—	%	—	%	0.9	%
Other Adjustments	—	%	(0.3	)%	(0.2	)%
Effective Income Tax Rate	44.5	%	57.2	%	39.0	%

(1) Primarily related to non-deductible share-based compensation expense.

Undistributed earnings of certain foreign subsidiaries totaled approximately $6,531 as of December 31, 2016. Deferred taxes have not been provided on the undistributed earnings of certain foreign subsidiaries, as the Company considers these amounts to be indefinitely reinvested to finance international growth and expansion. As of December 31, 2016, unrecognized net deferred tax liability attributable to those reinvested earnings would have aggregated approximately $1,965. In the event that such amounts were ever remitted, loaned to the Company, or if the stock in the foreign subsidiary was sold, these earnings could become subject to U.S. Federal tax and an income tax provision, if any, would be recognized at that time.

Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the Consolidated Statements of Financial Condition. These temporary differences result in taxable or deductible amounts in future years. Details of the Company's deferred tax assets and liabilities as of December 31, 2016 and 2015 were as follows:

	December 31,
	2016			2015
Deferred Tax Assets:
Depreciation and Amortization	$	31,475		$	29,498
Compensation and Benefits	54,410			35,120
Step up in tax basis due to the exchange of LP Units for Class A Shares	202,257			215,827
Other	44,065			38,349
Total Deferred Tax Assets	$	332,207		$	318,794
Deferred Tax Liabilities:
Goodwill, Intangible Assets and Other	$	25,273		$	19,169
Total Deferred Tax Liabilities	$	25,273		$	19,169
Net Deferred Tax Assets Before Valuation Allowance	$	306,934		$	299,625
Valuation Allowance	(1,510		)	(1,510		)
Net Deferred Tax Assets	$	305,424		$	298,115

The increase in net deferred tax assets from December 31, 2015 to December 31, 2016 was primarily attributable to a net increase of $19,290 in compensation and benefits, associated with the increased compensation costs of the Long-term Incentive Plan and Deferred Cash Program.

During 2016, the LP holders exchanged for Class A Shares and the Company purchased 537 Class A and Class E LP Units, which resulted in an increase in the tax basis of the tangible and intangible assets of Evercore LP. The exchange of Class E LP Units resulted in a $5,821 step-up in the tax basis of the tangible and intangible assets of Evercore LP and a corresponding increase to Additional Paid-In-Capital on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. Further, the exchange of 26 of such Class A LP Units triggered an additional liability under the tax receivable agreement that was entered into in 2006 between the Company and the LP Unit holders. The agreement provides for a payment to the LP Unit holders of 85% of the cash tax savings (if any), resulting from the increased tax benefits from the exchange and for the Company to retain 15% of such benefits. Accordingly, Deferred Tax Assets, Amounts Due Pursuant to Tax Receivable Agreements and Additional Paid-In-Capital increased $784, $666 and $118, respectively, on the Company's Consolidated

43

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Statement of Financial Condition as of December 31, 2016. See Note 14 for further discussion. This amount was offset by a $14,354 reduction in deferred tax assets related to the 2016 amortization of the tax basis in the tangible and intangible assets of Evercore LP.

Additionally, the increase in net deferred tax assets from December 31, 2015 to December 31, 2016 was also attributable to an increase of $1,977 related to the depreciation of fixed assets and amortization of intangible assets.

There was a net increase of $6,104 in the deferred tax liabilities from December 31, 2015 to December 31, 2016, primarily related to the increase in the amount of employee cash awards.

The Company reported an increase in deferred tax assets of $688 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $9,347 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the year ended December 31, 2016. The Company reported an increase in deferred tax assets of $455 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $8,492 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the year ended December 31, 2015.

The Company's affiliates generated approximately $5,054 of NYC unincorporated business tax credit carryforwards, which are set to expire in 2017. Management has weighed both the positive and negative evidence and determined that it was appropriate to establish a valuation allowance of $1,510, on the amount of credits that are not expected to be realized.

A reconciliation of the changes in tax positions for the years ended December 31, 2016, 2015 and 2014 is as follows:

	December 31,
	2016		2015		2014
Beginning unrecognized tax benefit	$	—	$	—	$	624
Additions for tax positions of prior years	—		—		276
Reductions for tax positions of prior years	—		—		—
Lapse of Statute of Limitations	—		—		(98		)
Decrease due to settlement with Taxing Authority	—		—		(802		)
Ending unrecognized tax benefit	$	—	$	—	$	—

The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Consolidated Statements of Operations. Related to the unrecognized tax benefits, the Company did not recognize any interest and penalties during the years ended December 31, 2016 and 2015.

The Company is subject to taxation in the U.S. and various state, local and foreign jurisdictions. The Company and its affiliates are currently under examination by New York City for tax years 2011 through 2014. With a few exceptions, the Company is no longer subject to U.S. federal, state, local or foreign examinations by taxing authorities for years before 2012.

Note 21 – Concentrations of Credit Risk

Financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, foreign government obligations and receivables from clients. The Company has placed substantially all of its Cash and Cash Equivalents in interest-bearing deposits in U.S. commercial banks and U.S. investment banks that meet certain rating and capital requirements. The Company's foreign subsidiaries maintain substantially all of their Cash and Cash Equivalents in interest bearing accounts at large commercial banking institutions domiciled in their respective countries of operation. Concentrations of credit risk are limited due to the quality of the Company's clients.

Credit Risks

The Company maintains its cash and cash equivalents with financial institutions with high credit ratings. At times, the Company may maintain deposits in federally insured financial institutions in excess of federally insured ("FDIC") limits or enter into sweep arrangements where banks will periodically transfer a portion of the Company's excess cash position to a money market fund. However, the Company believes that it is not exposed to significant credit risk due to the financial position of the depository institutions or investment vehicles in which those deposits are held.

44

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

As of December 31, 2016, the Company has securities purchased under agreements to resell of $12,585 for which the Company has received collateral with a fair value of $12,601. Additionally, the Company has securities sold under agreements to repurchase of $31,150, for which the Company has pledged collateral with a fair value of $31,155. The Company has established risk management procedures to monitor the exposure to concentrations of credit from Securities Purchased Under Agreements to Resell. The collateral for the receivables is primarily secured by Mexican government bonds and the Company monitors the collateral pledged under these agreements against their contract value from inception to maturity date.

Accounts Receivable consists primarily of advisory fees and expense reimbursements billed to clients. Receivables are reported net of any allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts to provide coverage for probable losses from customer receivables and derives the estimate through specific identification for the allowance for doubtful accounts and an assessment of the client's creditworthiness. At December 31, 2016 and 2015 total receivables amounted to $230,522 and $175,497, respectively, net of an allowance. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice. The collection period for restructuring transactions and private equity fee receivables may exceed 90 days. The Company recorded bad debt expense of approximately $2,261, $1,314 and $1,027for the years ended December 31, 2016, 2015 and 2014, respectively.

With respect to the Company's Marketable Securities portfolio, which is comprised of highly-rated corporate and municipal bonds, exchange traded funds, mutual funds and equity securities, the Company manages its credit risk exposure by limiting concentration risk and maintaining investment grade credit quality. As of December 31, 2016, the Company had Marketable Securities of $66,487, of which 60% were corporate and municipal securities, primarily with S&P ratings ranging from AAA to BB+, and 40% were equity securities, exchange traded funds and mutual funds.

Periodically, the Company provides compensation to new and existing employees in the form of loans and/or other cash awards, which include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. See Note 17 for further information.

Note 22 – Segment Operating Results

Business Segments – The Company's business results are categorized into the following two segments: Investment Banking and Investment Management. Investment Banking includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in the Institutional Asset Management, Wealth Management and Private Equity sectors. On September 30, 2016, the Company deconsolidated the assets and liabilities of its Mexican Private Equity business, which was in the Investment Management segment (see Note 4 for further information). On December 31, 2015, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff, which was in the Investment Management segment, and accounted for its interest as an equity method investment from that date forward. On October 31, 2014, the Company acquired the operating businesses of ISI, which is included in the Investment Banking segment.

The Company's segment information for the years ended December 31, 2016, 2015 and 2014 is prepared using the following methodology:

• Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.

• Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.

• Segment assets are based on those directly associated with each segment, or for certain assets shared across segments; those assets are allocated based on the most relevant measures applicable, including headcount and other factors.

• Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Each segment's Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, equipment and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, legal, facilities management and senior management activities.

45

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Other Expenses include the following:

• Amortization of LP Units/Interests and Certain Other Awards - Includes amortization costs associated with the vesting of Class E LP Units and Class G and H LP Interests issued in conjunction with the acquisition of ISI and certain other related awards.

• Other Acquisition Related Compensation Charges - Includes compensation charges in 2015 and 2014 associated with deferred consideration, retention awards and related compensation for Lexicon employees.

• Special Charges - Includes an expense in 2016 related to an impairment charge associated with the Company's investment in Atalanta Sosnoff. Expenses in 2015 primarily related to an impairment charge associated with the impairment of goodwill in the Company's Institutional Asset Management reporting unit and charges related to the restructuring of the Company's investment in Atalanta Sosnoff, primarily related to the conversion of certain of Atalanta Sosnoff's profits interests held by management to equity interests. Special Charges for 2015 also include separation benefits and costs associated with the termination of certain contracts within the Company's Evercore ISI business, as well as the finalization of a matter associated with the wind-down of the Company's U.S. Private Equity business. Special Charges in 2014 primarily related to separation benefits and certain exit costs related to combining the equities business upon the ISI acquisition during 2014 and a provision recorded in 2014 against contingent consideration due on the 2013 disposition of Pan.

• Professional Fees - Includes expense associated with share based awards resulting from increases in the share price, which is required upon change in employment status.

• Acquisition and Transition Costs - Includes costs incurred in connection with acquisitions and other ongoing business development initiatives, primarily comprised of professional fees for legal and other services, as well as the reversal of a provision for certain settlements in 2016 previously established in the fourth quarter of 2015 and costs related to transitioning ISI's infrastructure in 2015.

• Fair Value of Contingent Consideration - Includes expense associated with changes in the fair value of contingent consideration issued to the sellers of certain of the Company's acquisitions.

• Intangible Asset and Other Amortization - Includes amortization of intangible assets and other purchase accounting-related amortization associated with certain acquisitions.

The Company evaluates segment results based on net revenues and pre-tax income, both including and excluding the impact of the Other Expenses.

The following information presents each segment's contribution.

46

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

	For the Years Ended December 31,
	2016		2015			2014
Investment Banking
Net Revenues (1)	$	1,363,859	$	1,130,915		$	819,637
Operating Expenses	1,020,327		869,301			632,927
Other Expenses (2)	92,172		108,739			25,109
Operating Income	251,360		152,875			161,601
Income from Equity Method Investments	1,370		978			495
Pre-Tax Income	$	252,730	$	153,853		$	162,096
Identifiable Segment Assets	$	1,302,351	$	1,097,373		$	934,648
Investment Management
Net Revenues (1)	$	76,193	$	92,358		$	96,221
Operating Expenses	57,379		77,231			86,547
Other Expenses (2)	9,000		39,332			328
Operating Income (Loss)	9,814		(24,205		)	9,346
Income from Equity Method Investments	5,271		5,072			4,685
Pre-Tax Income (Loss)	$	15,085	$	(19,133	)	$	14,031
Identifiable Segment Assets	$	359,995	$	381,798		$	511,908
Total
Net Revenues (1)	$	1,440,052	$	1,223,273		$	915,858
Operating Expenses	1,077,706		946,532			719,474
Other Expenses (2)	101,172		148,071			25,437
Operating Income	261,174		128,670			170,947
Income from Equity Method Investments	6,641		6,050			5,180
Pre-Tax Income	$	267,815	$	134,720		$	176,127
Identifiable Segment Assets	$	1,662,346	$	1,479,171		$	1,446,556

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Years Ended December 31,
	2016			2015			2014
Investment Banking (A)	$	(239	)	$	(2,945	)	$	(1,722	)
Investment Management (B)	386			(2,771		)	(2,530		)
Total Other Revenue, net	$	147		$	(5,716	)	$	(4,252	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Notes Payable, subordinated borrowings and the line of credit of $9,578, $6,041 and $4,470for the years ended December 31, 2016, 2015 and 2014, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Notes Payable and the line of credit of $670, $3,576 and $3,770for the years ended December 31, 2016, 2015 and 2014, respectively.

47

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

(2) Other Expenses are as follows:

	For the Years Ended December 31,
	2016			2015		2014
Investment Banking
Amortization of LP Units / Interests and Certain Other Awards	$	80,846		$	83,673	$	3,399
Other Acquisition Related Compensation Charges	—			1,537		7,939
Special Charges	—			2,151		4,893
Professional Fees	—			—		1,672
Acquisition and Transition Costs	(692		)	4,879		4,712
Fair Value of Contingent Consideration	1,107			2,704		—
Intangible Asset and Other Amortization	10,911			13,795		2,494
Total Investment Banking	92,172			108,739		25,109
Investment Management
Special Charges	8,100			38,993		—
Acquisition and Transition Costs	791			11		—
Intangible Asset and Other Amortization	109			328		328
Total Investment Management	9,000			39,332		328
Total Other Expenses	$	101,172		$	148,071	$	25,437

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company's revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Years Ended December 31,
	2016		2015		2014
Net Revenues: (1)
United States	$	1,056,796	$	900,672	$	608,631
Europe and Other	338,285		287,884		248,815
Latin America	44,824		40,433		62,664
Total	$	1,439,905	$	1,228,989	$	920,110

(1) Excludes Other Revenue and Interest Expense.

The Company's total assets are located in the following geographical areas:

	December 31,
	2016		2015
Total Assets:
United States	$	1,376,101	$	1,135,570
Europe and Other	190,380		221,358
Latin America	95,865		122,243
Total	$	1,662,346	$	1,479,171

48

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

Note 23 – Evercore Inc. (Parent Company Only) Financial Statements

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

	December 31,
	2016			2015
ASSETS
Equity Investment in Subsidiary	$	598,279		$	534,258
Deferred Tax Asset	291,827			287,281
Goodwill	15,236			15,236
TOTAL ASSETS	$	905,342		$	836,775
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	12,201		$	11,638
Taxes Payable	21,341			14,761
Other Current Liabilities	2,296			538
Total Current Liabilities	35,838			26,937
Amounts Due Pursuant to Tax Receivable Agreement	174,109			186,036
Long-term Debt - Notes Payable	168,097			119,250
TOTAL LIABILITIES	378,044			332,223
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 58,292,567 and 55,249,559 issued at December 31, 2016 and 2015, respectively, and 39,190,856 and 39,623,271 outstanding at December 31, 2016 and 2015, respectively)	582			552
Class B, par value $0.01 per share (1,000,000 shares authorized, 24 and 25 issued and outstanding at December 31, 2016 and 2015, respectively)	—			—
Additional Paid-In-Capital	1,368,122			1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096		)	(34,539		)
Retained Earnings (Deficit)	20,343			(27,791		)
Treasury Stock at Cost (19,101,711 and 15,626,288 shares at December 31, 2016 and 2015, respectively)	(811,653		)	(644,412		)
TOTAL STOCKHOLDERS' EQUITY	527,298			504,552
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	905,342		$	836,775

See notes to parent company only financial statements.

49

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS

	For the Years Ended December 31,
	2016		2015		2014
REVENUES
Interest Income	$	8,385	$	7,818	$	8,341
TOTAL REVENUES	8,385		7,818		8,341
Interest Expense	8,385		7,818		8,341
NET REVENUES	—		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		—
Equity in Income of Subsidiary	209,841		103,931		141,612
Provision for Income Taxes	102,313		61,068		54,738
NET INCOME	$	107,528	$	42,863	$	86,874

See notes to parent company only financial statements.

50

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
	2016			2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	107,528		$	42,863		$	86,874
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(209,841		)	(103,931		)	(141,612		)
Deferred Taxes	12,453			(1,685		)	(15,887		)
Accretion on Long-term Debt	180			1,603			2,000
(Increase) Decrease in Operating Assets:
Other Assets	—			3,402			3,255
Increase (Decrease) in Operating Liabilities:
Taxes Payable	6,580			14,761			—
Net Cash Provided by (Used in) Operating Activities	(83,100		)	(42,987		)	(65,370		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	84,658			82,703			105,600
Net Cash Provided by Investing Activities	84,658			82,703			105,600
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of Evercore LP Units	—			—			(1,476		)
Exercise of Warrants, Net	—			6,416			—
Payment of Notes Payable - Mizuho	(120,000		)	—			—
Issuance of Notes Payable	170,000			—			—
Dividends	(51,558		)	(46,132		)	(38,754		)
Net Cash Provided by (Used in) Financing Activities	(1,558		)	(39,716		)	(40,230		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year	—			—			—
CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—
SUPPLEMENTAL CASH FLOW DISCLOSURE
Dividend Equivalents Issued	$	7,836		$	6,514		$	6,038
Exchange of Notes Payable as Consideration for Exercise of Warrants	$	—		$	118,347		$	—

See notes to parent company only financial statements.

51

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

EVERCORE INC.

(parent company only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Note A – Organization

Evercore Inc. (the "Company") was incorporated as a Delaware corporation on July 21, 2005. The Company did not begin meaningful operations until the reorganization discussed below. Pursuant to a reorganization into a holding company structure, the Company became a holding company and its sole asset is a controlling equity interest in Evercore LP. As the sole general partner of Evercore LP, the Company operates and controls all of the business and affairs of Evercore LP and, through Evercore LP and its subsidiaries, continues to conduct the business now conducted by these subsidiaries.

Note B – Significant Accounting Policies

Basis of Presentation. The Statements of Financial Condition, Operations and Cash Flows have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Equity in Income of Subsidiary. The Equity in Income of Subsidiary represents the Company's share of income from Evercore LP.

Note C – Stockholders' Equity

The Company is authorized to issue 1,000,000 shares of Class A common stock ("Class A Shares"), par value $0.01 per share, and 1,000 shares of Class B common stock, par value $0.01 per share. All Class A Shares and shares of Class B common stock vote together as a single class. At December 31, 2016, the Company has issued 58,293 Class A Shares. The Company canceled one share of Class B common stock, which was held by a limited partner of Evercore LP during the twelve months ended December 31, 2016. During 2016, the Company purchased 1,087 Class A Shares primarily from employees at values ranging from $44.30 to $70.65 per share primarily for the net settlement of stock-based compensation awards and 2,388 net Class A Shares at market values ranging from $44.59 to $52.74 per share pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $167,241 on the Company's Statement of Financial Condition as of December 31, 2016. During the year ended December 31, 2016, the Company declared and paid dividends of $1.27 per share, totaling $51,558 which were wholly funded by the Company's sole subsidiary, Evercore LP. Dividends are paid and treasury shares are repurchased by a subsidiary of Evercore Inc.

As discussed in Note 17 to the consolidated financial statements, both the Evercore LP partnership units and restricted stock units are exchangeable into Class A Shares on a one-for-one basis once vested.

Note D – Issuance of Notes Payable

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes (the "Private Placement Notes"), including: $38,000 aggregate principal amount of its 4.88% Series A senior notes due 2021, $67,000 aggregate principal amount of its 5.23% Series B senior notes due 2023, $48,000 aggregate principal amount of its 5.48% Series C senior notes due 2026 and $17,000 aggregate principal amount of its 5.58% Series D senior notes due 2028, pursuant to a note purchase agreement dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

The Company used $120,000 of the net proceeds from the Private Placement Notes to repay outstanding borrowings under the senior credit facility with Mizuho Bank, Ltd. on March 30, 2016 and used the remaining net proceeds for general corporate purposes. See Note 12 to the consolidated financial statements.

Note E – Commitments and Contingencies

As of December 31, 2016, as discussed in Note 12 to the consolidated financial statements, the Company estimates the contractual obligations related to the Private Placement Notes to be $237,019. Pursuant to the Private Placement Notes, we expect to make payments to the notes' holders of $8,937 within one year or less, $17,874 in one to three years, $54,947 in three to five years and $155,261 after five years.

As of December 31, 2016, as discussed in Note 18 to the consolidated financial statements, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $186,310. The company expects to pay to the

52

EVERCORE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars and share / unit amounts in thousands, except per share amounts, unless otherwise noted)

counterparties to the Tax Receivable Agreement $12,201 within one year or less, $24,554 in one to three years, $26,792 in three to five years and $122,763 after five years.

53

SUPPLEMENTAL FINANCIAL INFORMATION

(dollars in thousands, except per share data)

Consolidated Quarterly Results of Operations (unaudited)

The following represents the Company's unaudited quarterly results for the years ended December 31, 2016 and 2015. These quarterly results were prepared in accordance with U.S. GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results.

	For the Three Months Ended
	December 31, 2016		September 30, 2016		June 30, 2016		March 31, 2016
Net Revenues	$	445,369	$	386,314	$	350,656	$	257,713
Total Expenses	348,010		301,229		288,051		241,588
Income Before Income from Equity Method Investments and Income Taxes	97,359		85,085		62,605		16,125
Income from Equity Method Investments	2,512		1,178		1,664		1,287
Income Before Income Taxes	99,871		86,263		64,269		17,412
Provision for Income Taxes	39,913		38,980		30,676		9,734
Net Income	59,958		47,283		33,593		7,678
Net Income Attributable to Noncontrolling Interest	16,530		12,588		9,506		2,360
Net Income Attributable to Evercore Inc.	$	43,428	$	34,695	$	24,087	$	5,318
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	1.11	$	0.89	$	0.61	$	0.13
Diluted	$	0.98	$	0.79	$	0.55	$	0.12
Dividends Declared Per Share of Class A Common Stock	$	0.34	$	0.31	$	0.31	$	0.31

	For the Three Months Ended
	December 31, 2015		September 30, 2015			June 30, 2015		March 31, 2015
Net Revenues	$	408,243	$	308,951		$	268,096	$	237,983
Total Expenses	333,580		297,053			236,985		226,985
Income Before Income from Equity Method Investments and Income Taxes	74,663		11,898			31,111		10,998
Income from Equity Method Investments	2,016		929			1,998		1,107
Income Before Income Taxes	76,679		12,827			33,109		12,105
Provision for Income Taxes	46,703		7,392			16,723		6,212
Net Income	29,976		5,435			16,386		5,893
Net Income (Loss) Attributable to Noncontrolling Interest	9,374		(1,762		)	5,622		1,593
Net Income Attributable to Evercore Inc.	$	20,602	$	7,197		$	10,764	$	4,300
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	0.53	$	0.20		$	0.30	$	0.12
Diluted	$	0.45	$	0.16		$	0.26	$	0.10
Dividends Declared Per Share of Class A Common Stock	$	0.31	$	0.28		$	0.28	$	0.28

54

XML

Document and Entity Information	12 Months Ended
	Dec. 31, 2016
Document Documentand Entity Information [Abstract]
Document Type	8-K
Amendment Flag	true
Amendment Description	This Form 8-K recasts information in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, to show the effect of the adoption of ASU 2016-09 on a retrospective basis on the Consolidated Statements of Cash Flows.
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Trading Symbol	EVR
Entity Registrant Name	Evercore Inc.
Entity Central Index Key	0001360901
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

XML

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and Cash Equivalents	$ 558,524	$ 448,764
Marketable Securities	66,487	43,787
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,535	41,742
Securities Purchased Under Agreements to Resell	12,585	2,191
Accounts Receivable (net of allowances of $2,751 and $1,313 at December 31, 2016 and 2015, respectively)	230,522	175,497
Receivable from Employees and Related Parties	15,034	21,189
Other Current Assets	23,946	16,294
Total Current Assets	925,633	749,464
Investments	116,633	126,651
Deferred Tax Assets	305,424	298,115
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $53,668 and $42,656 at December 31, 2016 and 2015, respectively)	51,651	47,980
Goodwill	160,961	166,461
Intangible Assets (net of accumulated amortization of $24,690 and $21,754 at December 31, 2016 and 2015, respectively)	29,370	41,010
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Other Assets	62,474	39,290
Total Assets	1,662,346	1,479,171
Current Liabilities
Accrued Compensation and Benefits	334,541	263,862
Accounts Payable and Accrued Expenses	30,723	43,878
Securities Sold Under Agreements to Repurchase	31,150	44,000
Payable to Employees and Related Parties	27,366	28,392
Taxes Payable	27,321	20,886
Other Current Liabilities	12,320	7,031
Total Current Liabilities	463,421	408,049
Notes Payable	168,097	119,250
Subordinated Borrowings	16,550	22,550
Amounts Due Pursuant to Tax Receivable Agreements	174,109	186,036
Other Long-term Liabilities	56,838	36,070
Total Liabilities	879,015	771,955
Commitments and Contingencies (Note 18)
Evercore Inc. Stockholders' Equity
Additional Paid-In-Capital	1,368,122	1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096)	(34,539)
Retained Earnings (Deficit)	20,343	(27,791)
Treasury Stock at Cost (19,101,711 and 15,626,288 shares at December 31, 2016 and 2015, respectively)	(811,653)	(644,412)
Total Evercore Inc. Stockholders' Equity	527,298	504,552
Noncontrolling Interest	256,033	202,664
Total Equity	783,331	707,216
Total Liabilities and Equity	1,662,346	1,479,171
Class A [Member]
Evercore Inc. Stockholders' Equity
Common Stock	582	552
Class B [Member]
Evercore Inc. Stockholders' Equity
Common Stock	$ 0	$ 0

XML

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounts Receivable, allowances	$ 2,751	$ 1,313
Furniture, Equipment and Leasehold Improvements, accumulated depreciation and amortization	53,668	42,656
Intangible Assets, accumulated amortization	$ 24,690	$ 21,754
Treasury Stock at Cost, shares	19,101,711	15,626,288
Class A [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	58,292,567	55,249,559
Common Stock, Shares Outstanding	39,190,856	39,623,271
Class B [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares Issued	24	25
Common Stock, Shares Outstanding	24	25

XML

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Investment Banking Revenue	$ 1,364,098	$ 1,133,860	$ 821,359
Investment Management Revenue	75,807	95,129	98,751
Other Revenue, Including Interest	16,885	11,259	11,292
Total Revenues	1,456,790	1,240,248	931,402
Interest Expense	16,738	16,975	15,544
Net Revenues	1,440,052	1,223,273	915,858
Expenses
Employee Compensation and Benefits	900,590	788,175	549,516
Occupancy and Equipment Rental	45,304	47,703	41,202
Professional Fees	57,667	50,817	45,429
Travel and Related Expenses	57,465	55,388	40,015
Communications and Information Services	40,277	36,372	18,818
Depreciation and Amortization	24,800	27,927	16,263
Special Charges	8,100	41,144	4,893
Acquisition and Transition Costs	99	4,890	5,828
Other Operating Expenses	44,576	42,187	22,947
Total Expenses	1,178,878	1,094,603	744,911
Income Before Income from Equity Method Investments and Income Taxes	261,174	128,670	170,947
Income from Equity Method Investments	6,641	6,050	5,180
Income Before Income Taxes	267,815	134,720	176,127
Provision for Income Taxes	119,303	77,030	68,756
Net Income	148,512	57,690	107,371
Net Income Attributable to Noncontrolling Interest	40,984	14,827	20,497
Net Income Attributable to Evercore Inc.	107,528	42,863	86,874
Net Income Attributable to Evercore Inc. Common Shareholders	$ 107,528	$ 42,863	$ 86,874
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	39,220	37,161	35,827
Diluted (in shares)	44,193	43,699	41,843
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic (in dollars per share)	$ 2.74	$ 1.15	$ 2.42
Diluted (in dollars per share)	2.43	0.98	2.08
Dividends Declared Per Share of Class A Common Stock (in dollars per share)	$ 1.27	$ 1.15	$ 1.03

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 148,512	$ 57,690	$ 107,371
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Marketable Securities and Investments, net	(1,763)	(1,751)	(2,668)
Foreign Currency Translation Adjustment Gain (Loss), net	(17,531)	(16,287)	(9,543)
Other Comprehensive Income (Loss)	(19,294)	(18,038)	(12,211)
Comprehensive Income	129,218	39,652	95,160
Comprehensive Income Attributable to Noncontrolling Interest	37,247	10,941	17,889
Comprehensive Income Attributable to Evercore Inc.	$ 91,971	$ 28,711	$ 77,271

XML

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings (Deficit) [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Class A [Member]	Class A [Member] Common Stock [Member]
Beginning Balance, Value at Dec. 31, 2013	$ 563,158	$ 799,233	$ (10,784)	$ (59,896)	$ (226,380)	$ 60,577		$ 408
Beginning Balance, Shares at Dec. 31, 2013					(7,702,900)			40,772,434
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	107,371			86,874		20,497
Other Comprehensive Income (Loss)	(12,211)		(9,603)			(2,608)
Treasury Stock Purchases, net	(142,850)				$ (142,850)
Treasury Stock Purchases, net, Shares					(2,706,666)
Evercore LP Units Purchased or Converted into Class A Common Stock	5,563	17,235				(11,686)		$ 14
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares								1,421,493
Equity-based Compensation Awards	136,989	133,354				3,593		$ 42
Equity-based Compensation Awards, Shares								4,220,313
Shares Issued as Consideration for Acquisitions and Investments	87,662	11,073			$ 4,245	72,344
Shares Issued as Consideration for Acquisitions and Investments, Shares					131,243
Dividends and Equivalents	(38,754)	6,038		(44,792)
Noncontrolling Interest (Note 15)	5,305	(16,786)			$ 3,856	18,235
Noncontrolling Interest (Note 15), Shares					119,207
Ending Balance, Value at Dec. 31, 2014	712,233	950,147	(20,387)	(17,814)	$ (361,129)	160,952		$ 464
Ending Balance, Shares at Dec. 31, 2014					(10,159,116)			46,414,240
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	57,690			42,863		14,827
Other Comprehensive Income (Loss)	(18,038)		(14,152)			(3,886)
Treasury Stock Purchases, net	(283,283)				$ (283,283)
Treasury Stock Purchases, net, Shares					(5,467,172)
Evercore LP Units Purchased or Converted into Class A Common Stock	$ (960)	11,046				(12,012)		$ 6
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares	26,000							585,723
Equity-based Compensation Awards	$ 206,119	123,357				82,734		$ 28
Equity-based Compensation Awards, Shares								2,795,051
Dividends and Equivalents	(46,326)	6,514		(52,840)
Noncontrolling Interest (Note 15)	(38,620)	1,331				(39,951)
Exercise of Warrants	118,401	118,347						$ 54
Exercise of Warrants, Shares								5,454,545
Ending Balance, Value at Dec. 31, 2015	707,216	1,210,742	(34,539)	(27,791)	$ (644,412)	202,664		$ 552
Ending Balance, Shares at Dec. 31, 2015					(15,626,288)		39,623,271	55,249,559
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	148,512			107,528		40,984
Other Comprehensive Income (Loss)	(19,294)		(15,557)			(3,737)
Treasury Stock Purchases, net	(167,241)				$ (167,241)
Treasury Stock Purchases, net, Shares					(3,475,423)
Evercore LP Units Purchased or Converted into Class A Common Stock	6,620	23,095				(16,480)		$ 5
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares								532,175
Equity-based Compensation Awards	209,123	127,706				81,392		$ 25
Equity-based Compensation Awards, Shares								2,510,833
Dividends and Equivalents	(51,558)	7,836		(59,394)
Noncontrolling Interest (Note 15)	(50,047)	(1,257)				(48,790)
Ending Balance, Value at Dec. 31, 2016	$ 783,331	$ 1,368,122	$ (50,096)	$ 20,343	$ (811,653)	$ 256,033		$ 582
Ending Balance, Shares at Dec. 31, 2016					(19,101,711)		39,190,856	58,292,567

XML

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flows From Operating Activities
Net Income	$ 148,512	$ 57,690	$ 107,371
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration	1,124	5,517	(2,505)
Equity Method Investments	2,602	2,818	4,476
Equity-Based and Other Deferred Compensation	258,295	207,533	111,771
Impairment of Goodwill and Equity Method Investments	8,100	28,500	0
Depreciation, Amortization and Accretion	25,223	29,636	18,773
Bad Debt Expense	2,261	1,314	1,027
Deferred Taxes	10,043	(3,627)	14,315
Decrease (Increase) in Operating Assets:
Marketable Securities	937	556	550
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,249	46,018	(54,032)
Securities Purchased Under Agreements to Resell	(11,890)	4,726	10,303
Accounts Receivable	(64,522)	(46,442)	(51,166)
Receivable from Employees and Related Parties	5,934	(3,937)	(6,646)
Other Assets	(33,080)	(3,903)	(7,651)
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	48,258	51,732	27,251
Accounts Payable and Accrued Expenses	(10,030)	5,418	6,231
Securities Sold Under Agreements to Repurchase	(6,387)	(50,803)	43,771
Payables to Employees and Related Parties	(1,581)	8,704	(2,601)
Taxes Payable	9,097	28,670	32,612
Other Liabilities	10,424	(2,449)	(2,616)
Net Cash Provided by Operating Activities	421,569	367,671	251,234
Cash Flows From Investing Activities
Investments Purchased	(2,047)	(819)	(10,944)
Distributions of Private Equity Investments	183	6,821	672
Marketable Securities:
Proceeds from Sales and Maturities	46,547	32,318	34,719
Purchases	(69,568)	(39,101)	(28,760)
Cash Paid for Acquisitions and Deconsolidation of Cash, net of Cash Acquired	(2,877)	(5,647)	42,869
(Increase) Decrease in Restricted Cash	(2,303)	0	0
Loans Receivable	0	(3,500)	0
Purchase of Furniture, Equipment and Leasehold Improvements	(18,439)	(16,189)	(13,521)
Net Cash Provided by (Used in) Investing Activities	(48,504)	(26,117)	25,035
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	885	594	2,135
Distributions to Noncontrolling Interests	(38,154)	(23,723)	(10,655)
Payments Under Tax Receivable Agreement	(12,039)	(11,045)	(9,086)
Cash Paid for Deferred and Contingent Consideration	(5,050)	0	(2,255)
Short-Term Borrowing	50,000	45,000	75,000
Repayment of Short-Term Borrowing	(50,000)	(45,000)	(75,000)
Exercise of Warrants, net	0	6,416	0
Repayment of Subordinated Borrowings	(6,000)	0	0
Payment of Notes Payable - Mizuho	(120,000)	0	0
Issuance of Notes Payable	170,000	0	0
Debt Issuance Costs	(2,084)	0	0
Purchase of Treasury Stock and Noncontrolling Interests	(173,958)	(160,733)	(156,242)
Dividends - Class A Stockholders	(51,558)	(46,132)	(38,754)
Net Cash Provided by (Used in) Financing Activities	(237,958)	(234,623)	(214,857)
Effect of Exchange Rate Changes on Cash	(25,347)	(10,327)	(7,705)
Net Increase in Cash and Cash Equivalents	109,760	96,604	53,707
Cash and Cash Equivalents-Beginning of Period	448,764	352,160	298,453
Cash and Cash Equivalents-End of Period	558,524	448,764	352,160
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	14,074	16,035	13,725
Payments for Income Taxes	106,126	47,820	18,283
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest	0	(1,331)	3,261
Dividend Equivalents Issued	7,836	6,514	6,038
Receipt of Securities in Settlement of Accounts Receivable	0	1,079	2,083
Exchange of Notes Payable as Consideration for Exercise of Warrants	0	118,347	0
Purchase of Treasury Stock in Exchange for Notes Issuance and Warrant Proceeds	0	123,673	0
Settlement of Contingent Consideration	0	0	7,232
Purchase of Noncontrolling Interest	0	0	7,100
Reclassification from Redeemable Noncontrolling Interest to Noncontrolling Interest	0	0	27,477
Shares and LP Units Issued as Consideration for Acquisitions and Investments	0	0	79,576
Assets Acquired in Acquisitions	0	0	106,848
Liabilities Assumed in Acquisitions	0	0	64,864
Glisco [Member]
SUPPLEMENTAL CASH FLOW DISCLOSURE
Assets Deconsolidated	8,302	0	0
Liabilities Deconsolidated	2,343	0	0
GCP III [Member]
SUPPLEMENTAL CASH FLOW DISCLOSURE
Decrease in Noncontrolling Interest from Deconsolidation	5,808	0	0
Atalanta Sosnoff [Member]
SUPPLEMENTAL CASH FLOW DISCLOSURE
Assets Deconsolidated	0	2,053	0
Liabilities Deconsolidated	0	2,074	0
Decrease in Noncontrolling Interest from Deconsolidation	0	16,090	0
Decrease in Redeemable Noncontrolling Interest from Atalanta Sosnoff Deconsolidation	0	2,683	0
Decrease in Goodwill from Atalanta Sosnoff Deconsolidation	0	27,274	0
Decrease in Intangible Assets from Atalanta Sosnoff Deconsolidation	$ 0	$ 13,924	$ 0

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Organization

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Organization

Organization

Evercore Inc. (formerly known as Evercore Partners Inc.) and subsidiaries (the "Company") is an investment banking and investment management firm, incorporated in Delaware on July 21, 2005 and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in Evercore LP, a Delaware limited partnership ("Evercore LP"). Subsequent to the Company's initial public offering ("IPO"), the Company became the sole general partner of Evercore LP. The Company operates from its offices and through its affiliates in North America, Europe, South America and Asia.

The Investment Banking business includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings, raises funds for financial sponsors and provides advisory services focused on secondary transactions for private funds interests. The Investment Banking business also includes the Evercore ISI business through which the Company offers macroeconomic, policy and fundamental equity research and agency-based equity securities trading for institutional investors.

The Investment Management business includes the institutional asset management business through which the Company, directly and through affiliates, manages financial assets for sophisticated institutional investors and provides independent fiduciary services to corporate employee benefit plans and high net-worth individuals, the wealth management business through which the Company provides investment advisory and wealth management services for high net-worth individuals and associated entities, and the private equity business which holds interests in entities that manage private equity funds.

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Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Significant Accounting Policies

Significant Accounting Policies

Basis of Presentation – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

The consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2015, Accounting Standards Update ("ASU") No. 2015-02, "Amendments to the Consolidation Analysis," ("ASU 2015-02") was issued. This ASU eliminates the deferral of ASU No. 2010-10, "Amendments for Certain Investment Funds," which allows reporting entities with interests in certain investment funds to follow the consolidation guidance in Accounting Standards Codification ("ASC") No. 810, "Consolidation," ("ASC 810") and makes other changes to the variable interest model and the voting model. ASU 2015-02 modifies the evaluation performed by reporting entities on limited partnerships and similar entities and also impacts the evaluation performed by reporting entities on VIE determination, and determination of the primary beneficiary of a VIE.

The Company adopted ASU 2015-02 on January 1, 2016. Pursuant to the provisions of ASU 2015-02, Evercore LP is a VIE and the Company is the primary beneficiary. Prior to the adoption of ASU 2015-02, the Company consolidated Evercore LP as a voting interest entity. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Position in Note 23.

International Strategy & Investment (U.K.) Limited ("ISI U.K.") is also a VIE pursuant to ASC 810 and the Company is the primary beneficiary of this VIE. Specifically, the Company provides financial support through a transfer pricing agreement with this entity, which exposes the Company to losses that are potentially significant to the entity, and has decision making authority that significantly affects the economic performance of the entity. The Company previously concluded that Evercore Asia Limited ("Evercore Asia") and Evercore Asia (Singapore) PTE. LTD. ("Evercore Singapore") were also VIEs; on July 1, 2016, the Company terminated the transfer pricing arrangements with Evercore Asia and Evercore Singapore. The Company viewed this modification as a reconsideration event under ASC 810-10 and concluded that Evercore Asia and Evercore Singapore are not VIEs and will continue to be consolidated as voting interest entities. Following the adoption of ASU 2015-02, the Company also concluded that Evercore Partners International LLP ("Evercore U.K.") is a VIE and that the Company is the primary beneficiary of this VIE. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Consolidated Statements of Financial Condition ISI U.K. and Evercore U.K. assets of $116,958 and liabilities of $90,260 at December 31, 2016 and Evercore Asia, Evercore Singapore, ISI U.K. and Evercore U.K. assets of $151,583 and liabilities of $110,424 at December 31, 2015. See Note 9 for further information on the Company's VIEs.

All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation.

At the time of the formation transaction, the members of Evercore LP (the "Members") received Class A limited partnership units of Evercore LP ("Class A LP Units") in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The Class A LP Units were subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock ("Class A Shares"). At December 31, 2013, all Class A LP Units were fully vested. On October 31, 2014, in conjunction with the acquisition of the operating businesses of International Strategy & Investment ("ISI"), the Company issued vested and unvested Class E limited partnership units of Evercore LP ("Class E LP Units") and vested and unvested Class G and H limited partnership interests of Evercore LP ("Class G and H LP Interests"). In November 2016, in conjunction with the appointment of the Executive Chairman, the Company issued unvested Class I-P Units of Evercore LP ("Class I-P Units"). The Class I-P Units are contingently exchangeable into Class I limited partnership units of Evercore LP ("Class I LP Units"), which are exchangeable on a one-for-one basis for Class A Shares. See Note 17 for further information. The Company accounts for exchanges of Evercore LP partnership units ("LP Units") for Class A Shares based on the carrying amounts of the Members' LP Units immediately before the exchange.

The Company's interest in Evercore LP is within the scope of ASC 810-20, "Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights". The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members.

Accounts Receivable – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company's clients. The Company records Accounts Receivable net of any allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company's analysis of the client's creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced.

Furniture, Equipment and Leasehold Improvements – Fixed assets, including equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, primarily ranging from three to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset.

Investment Banking Revenue– The Company earns investment banking fees from clients for providing advisory services on strategic matters, including mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters. The Company's Investment Banking services also include services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. It is the Company's accounting policy to recognize revenue when (i) there is persuasive evidence of an arrangement with a client, (ii) fees are fixed or determinable, (iii) the agreed-upon services have been completed and delivered to the client or the transaction or events contemplated in the engagement letter are determined to be substantially completed and (iv) collection is reasonably assured. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following:

Advisory Fees – In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter where the engagement letter will specify a future service period associated with that fee. In such circumstances, these retainer fees are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Revenues related to fairness or valuation opinions are recognized when the opinion has been rendered and delivered to the client and all other requirements for revenue recognition are satisfied. Success fees for advisory services, such as merger and acquisition advice, are recognized when the transaction(s) or event(s) are determined to be completed and all other requirements for revenue recognition are satisfied. In the event the Company was to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations when the conditions of completion have been satisfied.

Placement Fees– Placement fee revenues are attributable to capital raising on both a primary and secondary basis. The Company recognizes placement advisory fees at the time of the client's acceptance of capital or capital commitments in accordance with the terms of the engagement letter.

Underwriting Fees – Underwriting fees are attributable to public and private offerings of equity and debt securities and are recognized when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the Company recognizes the applicable management fee, selling concession and underwriting fee, the latter net of estimated offering expenses.

Commissions and Related Fees– Commissions and Related Fees include commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities and are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, when earned. The Company earns subscription fees for the sales of research. Cash received before the subscription period ends is initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and is recognized in Investment Banking Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations.

Investment Management Revenue – The Company's Investment Management business generates revenues from the management of client assets and the private equity funds.

Investment management fees for third-party clients are generally based on the value of the assets under management and any performance fees that may be negotiated with the client. These fees are generally recognized over the period that the related services are provided, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the return on assets exceeds certain benchmark returns. 

Management fees for private equity funds are contractual and are typically based on committed capital during the private equity funds' investment period, and on invested capital, thereafter. Management fees are recognized ratably over the period during which services are provided. The management fees may provide for a management fee offset for certain portfolio company fees the Company earns. The Company also records performance fee revenue from the private equity funds when the returns on the private equity funds' investments exceed certain threshold minimums. These performance fees, or carried interest, are computed in accordance with the underlying private equity funds' partnership agreements and are based on investment performance over the life of each investment partnership. Historically, the Company recorded performance fee revenue from its managed private equity funds when the private equity funds' investment values exceeded certain threshold minimums. During 2014, the Company changed its method of recording performance fees such that the Company records performance fees upon the earlier of the termination of the investment fund or when the likelihood of clawback is mathematically improbable. This method is considered the more preferable of the two methods accepted under ASC 605-20-S99-1.

Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered are initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Other Revenue, Including Interest and Interest Expense – Other Revenue, Including Interest and Interest Expense is derived primarily from financing transactions. These transactions are principally repurchases and resales of Mexican government securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase transaction. Other Revenue, Including Interest and Interest Expense also includes interest expense associated with the Notes Payable, subordinated borrowings and the line of credit and other financing arrangements, as well as income (losses) on marketable securities and cash deposited with financial institutions and changes in amounts due pursuant to the Company's tax receivable agreements.

Client Expense Reimbursement – In the conduct of its financial advisory service engagements and in advising the private equity funds, the Company receives reimbursement for certain expenses incurred by the Company on behalf of its clients and the funds. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred.

Noncontrolling Interest – Noncontrolling interest recorded in the consolidated financial statements of the Company relates to the portions of the subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the relative ownership interest of the noncontrolling interest holders for the period by the net income or loss for the entity which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, then the net income or loss of these entities is allocated based on these special allocations.

ASC 810 requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. Noncontrolling Interest is presented as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, there is an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests. Changes in a parent's ownership interest while the parent retains control of its subsidiary are accounted for as equity transactions.

Cash and Cash Equivalents – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less.

Fair Value of Financial Instruments – The majority of the Company's assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, marketable securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 10 for further information.

Marketable Securities – Marketable Securities include investments in corporate, municipal and other debt securities, as well as investments in readily-marketable equity securities, which are accounted for as available-for-sale under ASC 320-10, "Accounting for Certain Investments in Debt and Equity Securities." These securities are carried at fair value on the Consolidated Statements of Financial Condition. Unrealized gains and losses are reported as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, while realized gains and losses on these securities are determined using the specific identification method and are included in Other Revenue, Including Interest on the Consolidated Statements of Operations. The readily-marketable debt and equity securities are valued using quoted market prices on applicable exchanges or markets. Marketable Securities also include investments in municipal bonds held at EGL and exchange traded funds and mutual funds, which are carried at fair value, with changes in fair value recorded in Other Revenues, Including Interest on the Consolidated Statements of Operations. Marketable Securities transactions are recorded as of the trade date.

Financial Instruments Owned and Pledged as Collateral at Fair Value – The Company's Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities.

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. mature on the next business day) and the underlying securities are debt instruments of the Mexican Governments or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell.

Investments – The Company's investments include investments in private equity partnerships, the Company's equity interests in G5 Holdings S.A. ("G5 ǀ Evercore"), ABS Investment Management, LLC ("ABS") and Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff") (after its deconsolidation on December 31, 2015), which are accounted for under the equity method of accounting. In addition, the Company holds an equity security in a private company and maintains investments in Glisco Manager Holdings LP and Trilantic Capital Partners ("Trilantic"), which are accounted for under the cost method of accounting. See Note 9 for further information.

Private Equity – The investments of private equity funds consist primarily of investments in marketable and non-marketable securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The Company determines fair value of non-marketable securities by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-marketable securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds' underlying investments as realized and unrealized gains (losses) within Investment Management Revenue in the Consolidated Statements of Operations.

Affiliates – The Company's equity interests in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) include its share of the income (losses) within Income (Loss) from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations.

The Company assesses its Equity Method Investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 4 for further information.

The Company also maintains investments in Glisco Manager Holdings LP and Trilantic. See Note 9 for further information.

Goodwill and Intangible Assets – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill recorded by its applicable reporting unit is impaired by comparing the fair value of each reporting unit with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods.

Intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable as prescribed by ASC 360, "Property, Plant, and Equipment" ("ASC 360").

The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting unit multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows.

See Note 4 for further information.

Compensation and Benefits – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period.

Share-Based Payments –The Company accounts for share-based payments in accordance with ASC 718, "Compensation – Stock Compensation" ("ASC 718"). See Note 17 for further information.

Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years ("Service-based Awards") is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units ("RSUs") and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs and restricted stock is charged to Employee Compensation and Benefits within the Consolidated Statements of Operations.

Compensation expense is recognized pursuant to performance-based awards if it is probable that the performance condition will be achieved. See Note 17 for a discussion of the awards issued in conjunction with the Company's acquisition of the operating businesses of ISI, as well as the Company's Long-term Incentive Plan.

Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period.

Foreign Currency Translation – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in the foreign currency translation adjustment as a component of Accumulated Other Comprehensive Income (Loss) in the Consolidated Statements of Changes in Equity and Other Comprehensive Income (Loss) in the Consolidated Statements of Comprehensive Income. Exchange gains and losses arising from translating intercompany balances of a long-term investment nature are recorded in the foreign currency translation account while transactional exchange gains and losses are included in Other Revenue, Including Interest on the Consolidated Statements of Operations.

Income Taxes –The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of its assets and liabilities, as disclosed in Note 20.

Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected on the Company's Consolidated Statements of Financial Condition as deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company's provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company's net deferred tax assets.

The Company adopted ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17") prospectively as of December 31, 2015 and changed its presentation of deferred income tax assets and liabilities on its Consolidated Statements of Financial Condition such that the Company classifies all deferred income tax assets and liabilities as noncurrent. Historically, the Company presented deferred income tax assets and liabilities as current and noncurrent on the Consolidated Statements of Financial Condition.

The Company adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), effective January 1, 2017, which provides amendments to ASC No. 718, "Compensation - Stock Compensation." ASU 2016-09 requires that the tax deduction associated with the appreciation in the Company's share price upon vesting of employee share-based awards above the original grant price be reflected in income tax expense. See Note 3 for further information. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows.

ASC 740 provides a benefit recognition model with a two-step approach consisting of "more-likely-than-not" recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 20 for further information.

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Recent Accounting Pronouncements

12 Months Ended

Dec. 31, 2016

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

ASU 2014-09 – In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 provides amendments to ASC No. 605, "Revenue Recognition" and creates ASC No. 606, "Revenue from Contracts with Customers," which changes the requirements for revenue recognition and amends the disclosure requirements. In August 2015, the FASB issued ASU No. 2015-14, "Deferral of the Effective Date," which provides amendments that defer the effective date of ASU 2014-09 by one year. In April 2016, the FASB issued ASU No. 2016-10, "Identifying Performance Obligations and Licensing," which provides clarification to identifying performance obligations and the licensing implementation guidance in ASU 2014-09. In May 2016, the FASB issued ASU No. 2016-12, "Narrow-Scope Improvements and Practical Expedients," which provides clarification on certain issues identified in the guidance on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition in ASU 2014-09. The amendments in these updates are effective either retrospectively to each prior reporting period presented, or as a cumulative-effect adjustment as of the date of adoption, during interim and annual periods beginning after December 15, 2017, with early adoption permitted beginning after December 15, 2016.

The Company currently anticipates that it will adopt ASU 2014-09 on January 1, 2018 using the modified retrospective method of transition, which requires a cumulative-effect adjustment as of the date of adoption. Based on the Company's initial evaluation of ASU 2014-09, success related advisory fees, for which payment is generally dependent on the closing of a strategic transaction, a financing arrangement or some other defined outcome, will be considered variable consideration as defined by the standard. ASU 2014-09 requires that revenue be recognized when it is probable that variable consideration will not be reversed in a future period. Accordingly, revenue recognition for such fees could be accelerated under ASU 2014-09 in certain circumstances, which will require careful analysis and judgment. Under current U.S. GAAP, the Company recognizes such fees upon closing regardless of the probability of the outcome. The effect of accelerated revenue recognition could be material to any given reporting period. In addition, current U.S. GAAP allows expenses related to underwriting transactions to be reflected net in related revenues. The Company's initial evaluation of ASU 2014-09 is that those expenses would be presented gross in the results of operations.

Interpretive guidance on ASU 2014-09 continues to be issued and vetted, in particular by the AICPA industry task force on Broker-Dealers, the AICPA's Revenue Recognition Working Group and the AICPA's Financial Reporting Executive Committee (FinREC). The Company will continue to evaluate this guidance and assess the preliminary views against its initial evaluation.

ASU 2014-12 – In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period" ("ASU 2014-12"). ASU 2014-12 provides amendments to ASC No. 718, "Compensation - Stock Compensation," which clarify the guidance for whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of an award. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The amendments in this update are effective either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter, during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2014-12 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-01 – In January 2015, the FASB issued ASU No. 2015-01, "Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU 2015-01"). ASU 2015-01 provides amendments to ASC No. 225-20, "Income Statement - Extraordinary and Unusual Items," which eliminate the concept of extraordinary items. The amendments in this update are effective either prospectively or retrospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-01 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-02 - In February 2015, the FASB issued ASU No. 2015-02, "Amendments to the Consolidation Analysis" ("ASU 2015-02"). ASU 2015-02 provides amendments to ASC 810, which include the following:  1. Modify the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, 2. Eliminate the presumption that a general partner should consolidate a limited partnership, 3. Affect the consolidation analysis of reporting entities that are involved with VIEs, and 4. Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The amendments in this update are effective during interim and annual periods beginning after December 15, 2015, with early adoption permitted, and may be applied retrospectively or using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. The adoption of ASU 2015-02 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. See Note 2 for further information.

ASU 2015-03 - In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"). ASU 2015-03 provides amendments to Subtopic 835-30, "Interest - Imputation of Interest," which require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-03 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-05 - In April 2015, the FASB issued ASU No. 2015-05, "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement" ("ASU 2015-05"). ASU 2015-05 provides amendments to ASC No. 350, "Intangibles - Goodwill and Other," Subtopic 350-40, "Internal-Use Software" which help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement and determine whether an arrangement includes the sale or license of software. The amendments in this update are effective either prospectively to all arrangements entered into or materially modified after the effective date or retrospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-05 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2015-16 - In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"). ASU 2015-16 provides amendments to ASC No. 805, "Business Combinations," which simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments and require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of ASU 2015-16 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-01 - In January 2016, the FASB issued ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01"). ASU 2016-01 provides amendments to ASC No. 825, "Financial Instruments," which change the requirements for certain aspects of recognition, measurement and presentation of financial assets and liabilities and amend the disclosure requirements. The amendments in this update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption not permitted. The Company is currently assessing the impact of the adoption of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-02 - In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 supersedes ASC No. 840, "Leases," and includes requirements for the recognition of a right-of-use asset and lease liability on the balance sheet by lessees for those leases classified as operating leases under previous guidance. The amendments in this update are effective using a modified retrospective approach at the beginning of the earliest period presented, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company currently anticipates adopting ASU 2016-02 on January 1, 2019 using the modified retrospective approach. The adoption will result in the present value of the Company's lease commitments which have a term in excess of one year being reflected on the Company's Statements of Financial Condition as a long-term fixed asset with a corresponding long-term liability. The Company's lease commitments, as discussed in Note 18, primarily relate to office space. The lease-related assets will be amortized to expense over the life of the leases and the liability, and related interest expense, will be reduced as lease payments are made over the life of the lease. The net impact on the Company's earnings is not expected to be materially different from the current expense related to leases as required under current U.S. GAAP, which is primarily reflected in Occupancy and Equipment Rental expense on the Consolidated Statements of Operations.

ASU 2016-07 - In March 2016, the FASB issued ASU No. 2016-07, "Simplifying the Transition to the Equity Method of Accounting" ("ASU 2016-07"). ASU 2016-07 provides amendments to ASC No. 323, "Investments - Equity Method and Joint Ventures," which simplify the accounting for equity method investments by eliminating the requirement to adjust the investment, results of operations and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments in this update are effective prospectively to increases in the level of ownership interest or degree of influence that results in the adoption of the equity method, during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The adoption of ASU 2016-07 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-09 - In March 2016, the FASB issued ASU 2016-09. ASU 2016-09 provides amendments to ASC No. 718, "Compensation - Stock Compensation," which simplify the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this update are effective during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The Company adopted ASU 2016-09 on January 1, 2017. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows. The application of ASU 2016-09 will result in greater volatility in the effective tax rate and could be material to the results of operations and the classifications of cash flows in future periods depending upon the level of earnings and stock price of the Company, among other things.

ASU 2016-13 - In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). ASU 2016-13 provides amendments to ASC No. 326, "Financial Instruments - Credit Losses," which amend the guidance on the impairment of financial instruments and adds an impairment model (the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Entities will recognize an allowance for its estimate of expected credit losses as of the end of each reporting period. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted after December 15, 2018. The Company currently uses the specific identification method for establishing credit provisions and write-offs of its trade accounts receivable. The Company currently anticipates adopting ASU 2016-13 on January 1, 2020 and does not anticipate a material difference between the current method and the CECL model.

ASU 2016-15 - In August 2016, the FASB issued ASU No. 2016-15, "Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"). ASU 2016-15 provides amendments to ASC No. 230, "Statement of Cash Flows," which provide guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in this update are effective retrospectively, or prospectively, if retrospective application is impracticable, during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2016-18 - In November 2016, the FASB issued ASU No. 2016-18, "Restricted Cash"("ASU 2016-18"). ASU 2016-18 provides amendments to ASC No. 230, "Statement of Cash Flows," which require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2017-01 - In January 2017, the FASB issued ASU No. 2017-01, "Clarifying the Definition of a Business" ("ASU 2017-01"). ASU 2017-01 provides amendments to ASC No. 805, "Business Combinations," which clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2017-04 - In January 2017, the FASB issued ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). ASU 2017-04 provides amendments to ASC No. 350, "Intangibles - Goodwill and Other" ("ASC 350"), which eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

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Business Changes and Developments Business Changes and Developments

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Business Changes and Developments

Business Changes and Developments

Atalanta Sosnoff 2016 Transaction - During the fourth quarter of 2016, the founding member of Atalanta Sosnoff announced his intent to retire and entered into an agreement to sell all of his Series A-2 Capital Interests and Series B Capital Interests back to Atalanta Sosnoff. Concurrently, select members of Atalanta Sosnoff received Series C Capital Interests. The Company continues to own Series A-1 Capital Interests, representing a 49% economic interest. Following these transactions, the Company continues to hold a noncontrolling voting interest in the Management Committee of Atalanta Sosnoff, and accordingly continues to account for its interest in Atalanta Sosnoff as an equity method investment.

In addition, as a result of these transactions, the Company performed an assessment of the carrying value of its equity interest in Atalanta Sosnoff for other-than-temporary impairment in accordance with ASC 323-10, "Investments - Equity Method and Joint Ventures." In determining the fair value of its investment, the Company utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. The market multiple approach included applying the average earnings multiples of comparable public companies, multiplied by the forecasted earnings of Atalanta Sosnoff, to yield an estimate of fair value. The discounted cash flow methodology began with the forecasted cash flows of Atalanta Sosnoff and applied a discount rate of 15.5%, which reflected the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The forecast inherent in the valuation assumes growth in revenues and earnings by the end of 2018, and, over the longer term, assumes a compound annual growth rate in revenues of 6% from the trailing twelve month period ended November 30, 2016.

As a result of the above analysis, the Company determined that the fair value of its investment in Atalanta Sosnoff was less than its carrying value as of November 30, 2016. The Company concluded this loss in value was other-than-temporary. Accordingly, the Company recorded an impairment charge of $8,100, in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2016, resulting in an investment in Atalanta Sosnoff at its fair value of $14,730 as of November 30, 2016. This charge resulted in a decrease of $3,980 to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2016.

Atalanta Sosnoff 2015 Transaction - On December 31, 2015, the Operating Agreement of Atalanta Sosnoff was amended such that, following the amendment, the Company is entitled to one of the three seats on the Management Committee of Atalanta Sosnoff, which is the governing committee with decision making power over Atalanta Sosnoff's operations (previously the Company held three out of five seats on the Management Committee). In addition, Atalanta Sosnoff exchanged the profits interests held by key employees for Series A-3 and A-4 Capital Interests. The Series A-4 Capital Interests remain profits interests for accounting purposes since they entitle the holder to distributions of future profits and are subject to forfeiture. Following the amendments, the Company continued to own Series A-1 Capital Interests, representing a 49% economic interest. Excluding the remaining profits interests, the Company's equity interest in Atalanta Sosnoff was 56.3% at December 31, 2015.

The 2015 amendments to the Operating Agreement gave the Company a noncontrolling voting interest in the Management Committee of Atalanta Sosnoff. The Management Committee of Atalanta Sosnoff controls the operations of Atalanta Sosnoff, including actions such as the appointment and termination of key management members of Atalanta Sosnoff, the approval of Atalanta Sosnoff's budget, as well as any material expenditure outside of its budget, the launch of new products or material changes in the pricing of existing products, and entering or exiting lines of business. Responsibility for the day-to-day operations remains with the management of Atalanta Sosnoff, including managing client relationships and making discretionary investment decisions. The Company, through the supermajority voting rights of the Management Committee, retains customary protective rights over specified matters that may arise outside of the ordinary course of business and/or where the probability of occurrence is remote. 

As a result of the above amendments, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff of $4,726 and $2,074, respectively, at December 31, 2015, and accounted for its interest in Atalanta Sosnoff as an equity method investment from that date forward. See Note 9 for further information. Furthermore, this resulted in a decrease in Goodwill in the Company's Institutional Asset Management reporting unit, in the Investment Management segment, of $27,274, as well as a decrease in Intangible Assets of $13,924, Noncontrolling Interest of $16,090 and Redeemable Noncontrolling Interest of $2,683 at December 31, 2015. In addition, the amendments resulted in a charge related to the conversion of certain of Atalanta Sosnoff's profits interests held by key employees to equity of $6,333 and a loss on deconsolidation of $812, each included in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2015.

Glisco Transaction - On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco Partners Inc. ("Glisco"), which assumed all responsibility for the management of the existing funds Glisco Partners II, L.P. ("Glisco II," formerly Evercore Mexico Capital Partners II, L.P., or EMCP II) and Glisco Partners III, L.P. ("Glisco III," formerly Evercore Mexico Capital Partners III, L.P., or EMCP III), and is controlled by the principals. These principals ceased to be employed by the Company following this transaction. A Senior Managing Director of the Company will continue to serve on the Investment Committee for the funds. This transaction received consent from the Limited Partner Advisory Committee of the funds and regulatory approval in Mexico during the third quarter of 2016 and closed on September 30, 2016.

As consideration for this transaction, the Company will receive a fixed percentage of the management fees earned by Glisco for a period of up to ten years, as well as a portion of the carried interest in the next two successor funds. The Company committed to invest capital in those successor funds consistent with the level of carried interest it owns and will retain its carried interest and its capital interests in the existing funds. The Company is entitled to 20% of the carried interest in such successor funds. In conjunction with this transaction, the Company entered into a transition services agreement to provide operational support to Glisco for a period of up to 18 months.

Following this transaction, the Company ceased to have a general partner's interest in and deconsolidated Glisco Capital Partners II and III ("GCP II" and "GCP III," formerly Evercore Mexico Partners II and III), the general partners of Glisco II and Glisco III, and related subsidiaries. Going forward the Company will maintain a limited partner's interest in the funds and the general partners of the funds.

In addition, the Company maintains a limited partner's interest in Glisco Manager Holdings LP, from which the Company will receive its portion of the management fees earned by Glisco. The Company's investment in Glisco Manager Holdings LP is accounted for under the cost method of accounting. See Note 9 for further information.

As a result of this transaction, on September 30, 2016 the Company deconsolidated assets and liabilities of $8,302 and $2,343, respectively, and recorded an investment in Glisco Manager Holdings LP of $2,519, representing the fair value of the deferred consideration resulting from this transaction. Furthermore, this resulted in a decrease in Noncontrolling Interest of $5,808 at September 30, 2016 related to GCP III. The transaction resulted in a gain on deconsolidation of $406, included in Other Revenue, Including Interest on the Consolidated Statements of Operations for the year ended December 31, 2016.

Kuna & Co. KG - On July 2, 2015, the Company acquired a 100% interest in Kuna & Co. KG, a Frankfurt-based investment banking advisory boutique, for $8,400. The Company's consideration for this transaction included the payment of €3,000, or $3,335, of cash at closing, as well as deferred cash consideration of €2,000, or $2,223, payable €500 on each of the four anniversary dates of the closing beginning in 2017, and contingent cash consideration which will be settled at various dates through 2020. The contingent consideration has a fair value of $2,225 and $2,221 as of December 31, 2016 and 2015, respectively. Payment of the contingent consideration is dependent on the business meeting certain revenue performance targets. This transaction resulted in the Company recognizing goodwill of $5,476 and intangible assets relating to advisory backlog of $2,900, recognized in the Investment Banking Segment. The intangible assets were being amortized over an estimated useful life of one year. The Company recognized $689 and $2,211 of amortization expense related to these intangible assets for the years ended December 31, 2016 and 2015, respectively. The Company did not consider the acquisition of Kuna & Co. KG to be significant to its financial condition, results of operations or cash flows.

Goodwill and Intangible Assets

Goodwill associated with the Company's acquisitions is as follows:

	Investment Banking			Investment Management			Total
Balance at December 31, 2014	$	114,007		$	104,225		$	218,232
Acquisitions	5,476			—			5,476
Impairment of Goodwill	—			(28,500		)	(28,500		)
Deconsolidation of Atalanta Sosnoff	—			(27,274		)	(27,274		)
Foreign Currency Translation and Other	(4,207		)	2,734			(1,473		)
Balance at December 31, 2015 (1)	115,276			51,185			166,461
Foreign Currency Translation and Other	(787		)	(4,713		)	(5,500		)
Balance at December 31, 2016 (1)	$	114,489		$	46,472		$	160,961

(1) The amount of the Company's goodwill before accumulated impairment losses of $28,500 was $189,461 and $194,961 at December 31, 2016 and 2015, respectively.

Intangible assets associated with the Company's acquisitions are as follows:

	December 31, 2016
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	44,311	$	3,830	$	48,141	$	21,110	$	1,586	$	22,696
Non-compete/Non-solicit Agreements	—		154		154		—		124		124
Other	5,320		445		5,765		1,647		223		1,870
Total	$	49,631	$	4,429	$	54,060	$	22,757	$	1,933	$	24,690
	December 31, 2015
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	50,700	$	6,130	$	56,830	$	17,201	$	3,391	$	20,592
Non-compete/Non-solicit Agreements	—		169		169		—		108		108
Other	5,320		445		5,765		887		167		1,054
Total	$	56,020	$	6,744	$	62,764	$	18,088	$	3,666	$	21,754

Expense associated with the amortization of intangible assets was $11,640, $17,458 and $8,007for the years ended December 31, 2016, 2015 and 2014, respectively.

Based on the intangible assets above, as of December 31, 2016, annual amortization of intangibles for each of the next five years is as follows:

2017	$	9,835
2018	$	9,201
2019	$	7,868
2020	$	1,182
2021	$	996

The Company concluded that there was no impairment of Goodwill or Intangible Assets related to its Reporting Units during the year ended December 31, 2016. At November 30, 2016, in accordance with ASC 350, we performed our annual Goodwill impairment assessment. We concluded that the fair value of our reporting units substantially exceeded their carrying values as of November 30, 2016.

During the third quarter of 2015, the Institutional Asset Management reporting unit was impacted by adverse market and operating conditions, including a decline in AUM that was greater than anticipated at the time of the Company's previous Step 1 impairment assessment, investment performance below benchmarks and lower market multiples for asset managers in response to market volatility during the third quarter. As a result, the Company determined that the Step 1 impairment assessment criteria were satisfied, as contemplated by ASC 350 for the goodwill in its Institutional Asset Management reporting unit as of August 31, 2015.

In determining the fair value of this reporting unit, the Company utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. As a result of the analysis, the Company determined that the fair value of the Institutional Asset Management reporting unit was less than its carrying value as of August 31, 2015. Accordingly, during the third quarter of 2015, the Company began a Step 2 impairment assessment, which it completed during the fourth quarter of 2015. The Company recorded a goodwill impairment charge of $28,500 in the Investment Management segment, which is included within Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2015. This charge resulted in an impact of $9,785 on Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2015.

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Acquisition and Transition Costs and Special Charges

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Acquisition And Transition Costs And Special Charges

Acquisition and Transition Costs and Special Charges

Acquisition and Transition Costs

The Company recognized $99, $4,890 and $5,828for the years ended December 31, 2016, 2015 and 2014, respectively, as Acquisition and Transition Costs incurred in connection with acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services. In addition, acquisition and transition costs in 2016 included the reversal of $733 of a provision for certain settlements previously established in the fourth quarter of 2015 and acquisition and transition costs in 2015 included costs related to transitioning ISI's infrastructure.

Special Charges

The Company recognized $8,100 for the year ended December 31, 2016, as Special Charges incurred related to an impairment charge associated with the Company's investment in Atalanta Sosnoff. See Note 4 for further information.

The Company recognized $41,144 for the year ended December 31, 2015, as Special Charges incurred related to an impairment charge of $28,500 associated with the impairment of goodwill in the Company's Institutional Asset Management reporting unit and charges of $7,145 related to the restructuring of our investment in Atalanta Sosnoff, primarily related to the conversion of certain of Atalanta Sosnoff's profits interests held by management to equity interests. See Note 4 for further information. Special Charges in 2015 also included a charge of $2,151 for separation benefits and costs associated with the termination of certain contracts within the Company's Evercore ISI business as well as $3,348 for the finalization of a matter associated with the wind-down of the Company's U.S. Private Equity business.

The Company recognized $4,893 for the year ended December 31, 2014, as Special Charges incurred related to separation benefits and certain exit costs related to combining the equities business upon the ISI acquisition and a provision recorded in 2014 against contingent consideration due on the 2013 disposition of Evercore Pan-Asset Capital Management ("Pan.")

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Related Parties Related Parties

12 Months Ended

Dec. 31, 2016

Related Party Transactions [Abstract]

Related Parties

Related Parties

The Company remits payment for expenses on behalf of the private equity funds and is reimbursed accordingly. For the years ended December 31, 2016, 2015 and 2014, the Company disbursed $658, $1,795 and $1,282, respectively, on behalf of these entities.

Investment Management Revenue includes income from related parties earned from the Company's private equity funds for portfolio company fees, management fees, expense reimbursements and realized and unrealized gains and losses of private equity fund investments. Total Investment Management revenues from related parties amounted to $10,170, $8,876 and $10,302for the years ended December 31, 2016, 2015 and 2014, respectively.

Investment Banking Revenue includes advisory fees earned from clients that have a Senior Managing Director as a member of their Board of Directors of $13,312 and $1,251 for the years ended December 31, 2016 and 2014, respectively.

Other Assets on the Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $17,862 and $6,967 as of December 31, 2016 and 2015, respectively.

The Company had $16,550 and $22,550 in subordinated borrowings, principally with an executive officer of the Company, as of December 31, 2016 and 2015, respectively. In February 2017, the Company repaid $6,000 of the original borrowings. See Note 12 for further information.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2016 and 2015:

	December 31,
	2016		2015
Advances to Employees	$	14,418	$	17,344
Personal Expenses Paid on Behalf of Employees and Related Parties	371		144
Receivable from Affiliates	—		1,266
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	—		213
Reimbursable Expenses Relating to the Private Equity Funds	245		2,222
Receivable from Employees and Related Parties	$	15,034	$	21,189

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2016 and 2015:

	December 31,
	2016		2015
Board of Director Fees	$	300	$	200
Amounts Due to U.K. Members	14,865		16,554
Amounts Due Pursuant to Tax Receivable Agreements (a)	12,201		11,638
Payable to Employees and Related Parties	$	27,366	$	28,392

(a) Relates to the current portion of the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $174,109 and $186,036 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2016 and 2015, respectively.

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Marketable Securities

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

The amortized cost and estimated fair value of the Company's Marketable Securities as of December 31, 2016 and 2015 were as follows:

	December 31, 2016								December 31, 2015
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Investments	$	6,470	$	—	$	3,945	$	2,525	$	6,463	$	10	$	2,523	$	3,950
Debt Securities Carried by EGL	38,392		77		15		38,454		37,404		94		8		37,490
Investment Funds	23,665		1,854		11		25,508		2,291		155		99		2,347
Total	$	68,527	$	1,931	$	3,971	$	66,487	$	46,158	$	259	$	2,630	$	43,787

Scheduled maturities of the Company's available-for-sale debt securities within the Securities Investments portfolio as of December 31, 2016 and 2015 were as follows:

	December 31, 2016				December 31, 2015
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	—	$	—	$	204	$	204
Due after one year through five years	1,748		1,728		1,537		1,545
Total	$	1,748	$	1,728	$	1,741	$	1,749

Since the Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity, and has not incurred credit losses on its securities, it does not consider such unrealized loss positions to be other-than-temporarily impaired at December 31, 2016.

Securities Investments

Securities Investments include equity and debt securities, which are classified as available-for-sale securities within Marketable Securities on the Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had net realized gains (losses) of ($46), ($47) and $856for the years ended December 31, 2016, 2015 and 2014, respectively.

Debt Securities Carried by EGL

EGL invests in a fixed income portfolio consisting primarily of municipal bonds. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of ($937), ($556) and ($550)for the years ended December 31, 2016, 2015 and 2014, respectively.

Investment Funds

The Company invests in a portfolio of exchange traded funds and mutual funds as an economic hedge against the Company's deferred compensation program. See Note 17 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $2,128, ($26) and $138for the years ended December 31, 2016, 2015 and 2014, respectively.

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Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

12 Months Ended

Dec. 31, 2016

Banking and Thrift [Abstract]

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

The Company, through Evercore Casa de Bolsa, S.A. de C.V. ("ECB"), enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the open market, which the Company reflects as Financial Instruments Owned and Pledged as Collateral at Fair Value on the Consolidated Statements of Financial Condition, or by entering into reverse repurchase agreements with unrelated third parties. The Company accounts for these repurchase and reverse repurchase agreements as collateralized financing transactions, which are carried at their contract amounts, which approximate fair value given that the contracts mature the following business day. The Company records a liability on its Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. The Company records as assets on its Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where the Company has acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where the Company has acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities had an estimated average time to maturity of approximately 1.4 years, as of December 31, 2016, and are pledged as collateral against repurchase agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB and permit the counterparty to pledge the securities.

ECB has procedures in place to monitor the daily risk limits for positions taken, as well as the credit risk based on the collateral pledged under these agreements against their contract value from inception to maturity date. The daily risk measure is Value at Risk ("VaR"), which is a statistical measure, at a 98% confidence level, of the potential daily losses from adverse market movements in an ordinary market environment based on a historical simulation using the prior year's historical data. ECB's Risk Management Committee (the "Committee") has established a policy to maintain VaR at levels below 0.1% of the value of the portfolio. If at any point in time the threshold is exceeded, ECB personnel are alerted by an automated interface with ECB's trading systems and begin to make adjustments in the portfolio in order to mitigate the risk and bring the portfolio in compliance. Concurrently, ECB personnel must notify the Committee of the variance and the actions taken to reduce the exposure to loss.

In addition to monitoring VaR, ECB periodically performs discrete stress tests to assure that the level of potential losses that would arise from extreme market movements that may not be anticipated by VaR measures are within acceptable levels.

As of December 31, 2016 and 2015, a summary of the Company's assets, liabilities and collateral received or pledged related to these transactions was as follows:

	December 31, 2016						December 31, 2015
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	18,535					$	41,742
Securities Purchased Under Agreements to Resell	12,585			$	12,601		2,191			$	2,192
Total Assets	$	31,120					$	43,933
Liabilities
Securities Sold Under Agreements to Repurchase	$	(31,150	)	$	(31,155	)	$	(44,000	)	$	(44,063	)

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Investments

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Investments

Investments

The Company's investments reported on the Consolidated Statements of Financial Condition consist of investments in private equity partnerships, other investments in unconsolidated affiliated companies, an equity security in a private company and investments in Glisco Manager Holdings LP and Trilantic. The Company's investments are relatively high-risk and illiquid assets.

The Company's investments in private equity partnerships consist of investment interests in private equity funds which are voting interest entities. Realized and unrealized gains and losses on the private equity investments are included within Investment Management Revenue.

The Company also has investments in G5 ǀ Evercore, ABS and Atalanta Sosnoff, which are voting interest entities. The Company's share of earnings (losses) on its investments in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) are included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Investments in Private Equity

Private Equity Funds

The Company's investments related to private equity partnerships and associated entities include investments in Evercore Capital Partners II, L.P. ("ECP II"), Discovery Americas I, L.P. (the "Discovery Fund"), Glisco II, Glisco III, Trilantic Capital Partners Associates IV, L.P. ("Trilantic IV") and Trilantic Capital Partners V, L.P. ("Trilantic V"). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of the unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

On December 31, 2014, ECP II was terminated. The Company's investment at December 31, 2016 of $933 is comprised of its remaining interest in the general partner, including $852 in cash and $81 in securities. In addition, on September 12, 2016 the final distribution related to CSI Capital, L.P. ("CSI Capital") was made.

A summary of the Company's investment in the private equity funds as of December 31, 2016 and 2015 was as follows:

	December 31,
	2016		2015
ECP II	$	933	$	983
Discovery Fund	7,463		6,632
Glisco II	6,897		6,091
Glisco III	529		5,786
CSI Capital	—		35
Trilantic IV	211		2,829
Trilantic V	5,709		4,117
Total Private Equity Funds	$	21,742	$	26,473

Net realized and unrealized gains on private equity fund investments were $7,616, $5,086 and $7,858for the years ended December 31, 2016, 2015 and 2014, respectively. During the year ended December 31, 2016, Trilantic IV made distributions of $3,320. During the year ended December 31, 2015, ECP II, Glisco II, CSI Capital and Trilantic IV made distributions of $3,000, $3,194, $2,909 and $2,907, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of December 31, 2016, the Company had $1,400 of previously distributed carried interest that may be subject to repayment.

General Partners of Private Equity Funds which are VIEs

The Company has concluded that Evercore Partners II, L.L.C. ("EP II L.L.C."), the general partner of ECP II, is a VIE pursuant to ASC 810. The Company owned 8%-9% of the carried interest earned by the general partner of ECP II. The Company's assessment of the design of EP II L.L.C. resulted in the determination that the Company is not acting as an agent for other members of the general partner and is a passive holder of interests in the fund, evidenced by the fact that the Company is a non-voting, non-managing member of the general partner and, therefore, has no authority in directing the management operations of the general partner. Furthermore, the Company does not have the obligation to absorb significant losses or the right to receive benefits that could potentially have a significant impact to EP II L.L.C. Accordingly, the Company has concluded that it is not the primary beneficiary of EP II L.L.C. and has not consolidated EP II L.L.C. in the Company's consolidated financial statements.

Following the Glisco transaction, the Company concluded that GCP II, GCP III and Glisco Manager Holdings LP are VIEs and that the Company is not the primary beneficiary of these VIEs. The Company's assessment of the primary beneficiary of these entities included assessing which parties have the power to significantly impact the economic performance of these entities and the obligation to absorb losses, which could be potentially significant to the entities, or the right to receive benefits from the entities that could be potentially significant. Neither the Company nor its related parties will have the ability to make decisions that significantly impact the economic performance of these entities. Further, as a limited partner in these entities, the Company does not possess substantive participating rights. The Company had assets of $9,889 included in its Consolidated Statement of Financial Condition at December 31, 2016 related to these unconsolidated VIEs, representing the carrying value of the Company's investments in the entities. The Company's exposure to the obligations of these VIEs is generally limited to its investments in these entities. The Company's maximum exposure to loss as of December 31, 2016 was $12,232, which represents the carrying value of the Company's investments in these VIEs, as well as any unfunded commitments to the current funds.

Investment in Trilantic Capital Partners

In 2010, the Company made a limited partnership investment in Trilantic in exchange for 500 Class A LP Units having a fair value of $16,090. This investment gave the Company the right to invest in Trilantic's current and future private equity funds, beginning with Trilantic Fund IV. The Company accounts for this investment under the cost method, subject to impairment. The Company allocates the cost of this investment to its investments in current and future Trilantic funds as the Company satisfies the capital calls of these funds. The Company bases this allocation on its expectation of Trilantic's future fundraising ability and performance. During 2016, $1,130 and $50 of this investment was allocated to Trilantic Fund V and IV, respectively. During 2015, $636 and $8 of this investment was allocated to Trilantic Fund V and IV, respectively. During 2014, $689 of this investment was allocated to Trilantic Fund V. From 2010 to 2013, $825 and $1,120 of this investment was allocated to Trilantic Fund V and IV, respectively. This investment had a balance of $11,632 and $12,812 as of December 31, 2016 and 2015, respectively. The Company has a $5,000 commitment to invest in Trilantic Fund V, of which $2,041 was unfunded at December 31, 2016. The Company and Trilantic anticipate that the Company will participate in the successor funds to Trilantic Fund V. The Company further anticipates that participation in the successor fund will be at approximately $12,000.

Cost Method Investments

In 2015, the Company received an equity security in a private company with a fair value of $1,079 in exchange for advisory services. This investment is accounted for under the cost method of accounting.

Following the Glisco transaction in 2016, the Company recorded an investment in Glisco Manager Holdings LP representing the fair value of the deferred consideration resulting from this transaction. This investment is accounted for under the cost method of accounting. The Company amortizes the balance of its investment as distributions are received related to the deferred consideration. This investment had a balance of $2,463 as of December 31, 2016.

Equity Method Investments

A summary of the Company's other investments accounted for under the equity method of accounting as of December 31, 2016 and 2015 was as follows:

	December 31,
	2016		2015
G5 ǀ Evercore	$	26,016	$	20,730
ABS	38,982		41,567
Atalanta Sosnoff	14,719		23,990
Total	$	79,717	$	86,287

G5 ǀ Evercore

In 2010, the Company made an investment accounted for under the equity method of accounting in G5 ǀ Evercore. At December 31, 2016, the Company's economic ownership interest in G5 ǀ Evercore was 49%. This investment resulted in earnings (losses) of $1,154, $662 and ($48)for the years ended December 31, 2016, 2015 and 2014, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations. In addition, the investment is subject to currency translation from Brazilian Real to the U.S. Dollar.

ABS

In 2011, the Company made an investment accounted for under the equity method of accounting in ABS. At December 31, 2016, the Company's economic ownership interest in ABS was 45%. This investment resulted in earnings of $4,913, $5,388 and $5,228for the years ended December 31, 2016, 2015 and 2014, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Atalanta Sosnoff

On December 31, 2015, the Company amended the Operating Agreement with Atalanta Sosnoff and deconsolidated its assets and liabilities. The Company accounted for its interest in Atalanta Sosnoff under the equity method of accounting from that date forward. The carrying amount of the investment was $23,990 at December 31, 2015, representing its fair value on that date.

Following the retirement of Atalanta Sosnoff's founding member during the fourth quarter of 2016, the Company performed an impairment assessment for its investment in Atalanta Sosnoff and concluded that an other-than-temporary impairment had occurred. The Company recorded an impairment charge of $8,100, included in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2016. See Note 4 for further information.

At December 31, 2016, the Company's economic ownership interest in Atalanta Sosnoff was 49%. This investment resulted in earnings of $574 for the year ended December 31, 2016, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Other

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company's share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets inherent in the investments of $3,533, $2,484 and $2,586for the years ended December 31, 2016, 2015 and 2014, respectively.

The Company assesses its equity method investments for impairment annually, or more frequently if circumstances indicate impairment may have occurred.

The Company acquired a 19% interest in Luminis Partners ("Luminis") on January 1, 2017, which will be accounted for under the equity method of accounting going forward. See Note 18 for further information.

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Fair Value Measurements

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820") establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities and listed derivatives. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The estimated fair values of the Corporate Bonds, Municipal Bonds, Other Debt Securities and Securities Investments held at December 31, 2016 and 2015 are based on prices provided by external pricing services.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2016 and 2015:

	December 31, 2016
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	44,630	$	—	$	44,630
Securities Investments (1)	3,794		1,728		—		5,522
Investment Funds	25,508		—		—		25,508
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,535		—		—		18,535
Total Assets Measured At Fair Value	$	47,837	$	46,358	$	—	$	94,195
	December 31, 2015
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	44,144	$	—	$	44,144
Securities Investments (1)	5,200		1,749		—		6,949
Investment Funds	2,347		—		—		2,347
Financial Instruments Owned and Pledged as Collateral at Fair Value	41,742		—		—		41,742
Total Assets Measured At Fair Value	$	49,289	$	45,893	$	—	$	95,182

(1) Includes $9,173 and $9,653 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2016 and 2015, respectively.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.

The Company had no transfers between fair value levels during the years ended December 31, 2016 or 2015.

During the fourth quarter of 2016, the Company determined that the fair value of its equity method investment in Atalanta Sosnoff was $14,730. The fair value of the investment was estimated by utilizing both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. The equity method investment was measured at fair value on a non-recurring basis as a Level III asset. See Note 4 for further information.

During the fourth quarter of 2015, the Company determined that the fair value of the goodwill in its Institutional Asset Management reporting unit was $66,200. The fair value of the reporting unit was estimated by utilizing both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. Goodwill is measured at fair value on a non-recurring basis as a Level III asset. See Note 4 for further information.

The carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Consolidated Statements of Financial Condition, are listed in the tables below.

			December 31, 2016
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	549,351	$	549,351	$	—	$	—	$	549,351
Securities Purchased Under Agreements to Resell	12,585		—		12,585		—		12,585
Accounts Receivable	230,522		—		230,522		—		230,522
Receivable from Employees and Related Parties	15,034		—		15,034		—		15,034
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Closely-held Equity Security	1,079		—		—		1,079		1,079
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	30,723	$	—	$	30,723	$	—	$	30,723
Securities Sold Under Agreements to Repurchase	31,150		—		31,150		—		31,150
Payable to Employees and Related Parties	27,366		—		27,366		—		27,366
Notes Payable	168,097		—		170,251		—		170,251
Subordinated Borrowings	16,550		—		16,803		—		16,803
			December 31, 2015
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	439,111	$	439,111	$	—	$	—	$	439,111
Securities Purchased Under Agreements to Resell	2,191		—		2,191		—		2,191
Accounts Receivable	175,497		—		175,497		—		175,497
Receivable from Employees and Related Parties	21,189		—		21,189		—		21,189
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Closely-held Equity Security	1,079		—		—		1,079		1,079
Loans Receivable	3,500		—		3,666		—		3,666
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	43,878	$	—	$	43,878	$	—	$	43,878
Securities Sold Under Agreements to Repurchase	44,000		—		44,000		—		44,000
Payable to Employees and Related Parties	28,392		—		28,392		—		28,392
Notes Payable	119,250		—		120,373		—		120,373
Subordinated Borrowings	22,550		—		23,076		—		23,076

The following methods and assumptions were used to estimate the fair value of these financial assets and liabilities:

The fair value of the Company's Closely-held Equity Security is based on recent comparable transactions executed by the issuer.

The fair value of the Company's Loans Receivable, Notes Payable and Subordinated Borrowings is estimated based on a present value analysis utilizing aggregate market yields obtained from independent pricing sources for similar financial instruments.

The carrying amounts reported on the Consolidated Statements of Financial Condition for Cash and Cash Equivalents, Securities Purchased Under Agreements to Resell, Securities Sold Under Agreements to Repurchase, Accounts Receivable, Receivable from Employees and Related Parties, Accounts Payable and Accrued Expenses, Payable to Employees and Related Parties and Assets Segregated for Bank Regulatory Requirements approximate fair value due to the short-term nature of these items.

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Furniture, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following:

	December 31,
	2016			2015
Furniture and Equipment	$	27,288		$	20,484
Leasehold Improvements	54,993			52,253
Computer and Computer-related Equipment	23,038			17,899
Total	105,319			90,636
Less: Accumulated Depreciation and Amortization	(53,668		)	(42,656		)
Furniture, Equipment and Leasehold Improvements, Net	$	51,651		$	47,980

Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $13,160, $10,469 and $8,256for the years ended December 31, 2016, 2015 and 2014, respectively.

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Notes Payable and Subordinated Borrowings

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Notes Payable and Subordinated Borrowings

Notes Payable and Subordinated Borrowings

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes, including: $38,000 aggregate principal amount of its 4.88% Series A senior notes due 2021 (the "Series A Notes"), $67,000 aggregate principal amount of its 5.23% Series B senior notes due 2023 (the "Series B Notes"), $48,000 aggregate principal amount of its 5.48% Series C senior notes due 2026 (the "Series C Notes") and $17,000 aggregate principal amount of its 5.58% Series D senior notes due 2028 (the "Series D Notes" and together with the Series A Notes, the Series B Notes and the Series C Notes, the "Private Placement Notes"), pursuant to a note purchase agreement (the "Note Purchase Agreement") dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the Private Placement Notes is payable semi-annually and the Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the Private Placement Notes plus accrued and unpaid interest to the prepayment date. The Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio, and customary events of default. As of December 31, 2016, the Company was in compliance with all of these covenants.

The Company used $120,000 of the net proceeds from the Private Placement Notes to repay outstanding borrowings under the senior credit facility with Mizuho Bank, Ltd. ("Mizuho") on March 30, 2016 and used the remaining net proceeds for general corporate purposes.

Notes Payable is comprised of the following as of December 31, 2016:

Note	Maturity Date	Effective Annual Interest Rate		Carrying Value as of December 31, 2016 (a)
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	37,597
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,254
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,445
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,801
Total				$	168,097

(a) Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

The Company has subordinated borrowings, principally with an executive officer of the Company, due on October 31, 2019. These borrowings have a coupon of 5.5%, payable semi-annually. In April 2016, the Company repaid $6,000 of the original borrowings pursuant to a separate agreement. The Company had $16,550 and $22,550 in subordinated borrowings pursuant to these agreements as of December 31, 2016 and 2015, respectively. In February 2017, the Company repaid $6,000 of the original borrowings.

As of December 31, 2016, the future payments required on the Notes Payable and Subordinated Borrowings, including principal and interest were as follows:

2017	$	9,847
2018	9,847
2019	26,250
2020	8,937
2021	46,010
Thereafter	155,261
Total	$	256,152

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Employee Benefit Plans

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Defined Contribution Retirement Plan – The Company, through a subsidiary, provides certain retirement benefits to employees through a qualified retirement plan. The Evercore Partners Services East L.L.C. Retirement Plan (the "Evercore Plan") is a defined contribution plan with a salary deferral feature under Section 401(k) of the Internal Revenue Code. It also includes a discretionary profit sharing feature. The Evercore Plan was formed on February 1, 1996 and subsequently amended. The Evercore Plan's year ends on December 31 of each year. The Company, at its sole discretion, determines the amount, if any, of profit to be contributed to the Evercore Plan.

The Company made no contributions for the years ended December 31, 2016, 2015 and 2014.

Evercore Europe Defined Contribution Benefit Plan – Evercore Partners Limited ("Evercore Europe") established the Evercore Partners Limited Group Personal Pension Plan (the "Evercore Europe Plan"), a defined contribution benefit plan, in November 2006 for Evercore Europe employees and members.

The Evercore Europe Plan, for employees starting between November 2006 and July 2011, has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue, the Inland Revenue Service in the United Kingdom. Evercore Europe employees must have elected to participate in the plan prior to July 2011, and Evercore Europe has a minimum annualized contribution of 15% to 50% of an employee's salary for all the employees who participated, depending on the respective employee's level within the Company. These employees are also eligible to contribute up to 10% of their salary to the Evercore Europe Plan and under the terms of the Evercore Europe Plan, if an employee contributes a minimum of 7.5% to 10% of their salary to the plan, Evercore Europe must make a matching contribution of 5% to 10% of the employee's salary depending on the employee's level within the Company.

The Evercore Europe Plan, for employees starting after July 2011, has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue. Evercore Europe has a minimum annualized contribution of 17.5% of an employee's salary. Employees are also eligible to contribute a percentage of their salary to the Evercore Europe Plan; however, any contribution made does not entitle them to a matching contribution from Evercore Europe.   

The Company made contributions to the Evercore Europe Plan of $3,524, $3,808 and $4,167for the years ended December 31, 2016, 2015 and 2014, respectively.

ISI U.K Personal Pension Plan – For employees of ISI U.K., a personal pension plan is available for all employees to contribute a percentage of their salary. The Company will contribute up to 5% of an employee's salary. The Company made contributions to the ISI U.K. Personal Pension Plan of $82 for the year ended December 31, 2016.

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Evercore Inc. Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Stockholders' Equity

Dividends – The Company's Board of Directors declared on January 30, 2017, a quarterly cash dividend of $0.34 per share, to the holders of record of Class A Shares as of February 24, 2017, which will be paid on March 10, 2017. During the year ended December 31, 2016, the Company declared and paid dividends of $1.27 per share, totaling $51,558. During the year ended December 31, 2015, the Company declared and paid dividends of $1.15 per share, totaling $46,326.

Treasury Stock – During the year ended December 31, 2016, the Company purchased 1,087 Class A Shares primarily from employees at values ranging from $44.30 to $70.65 per share (at an average cost per share of $47.63), primarily for the net settlement of stock-based compensation awards, and 2,388 net Class A Shares at market values ranging from $44.59 to $52.74 per share (at an average cost per share of $48.21) pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $167,241 on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. During the year ended December 31, 2015, the Company purchased 996 Class A Shares primarily from employees at values ranging from $47.56 to $59.02 per share (at an average cost per share of $50.92), primarily for the net settlement of stock-based compensation awards, and 4,471 net Class A Shares at market values ranging from $47.10 to $57.03 per share (at an average cost per share of $51.82) pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $283,283 on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

LP Units – During the year ended December 31, 2016, 532 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $5 and $16,242, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. During the year ended December 31, 2015, 586 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $6 and $12,833, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

During the year ended December 31, 2015, the Company purchased 26 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $353 and a decrease to Additional Paid-In Capital of $770, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

Accumulated Other Comprehensive Income (Loss) – As of December 31, 2016, Accumulated Other Comprehensive Income (Loss) on the Company's Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities and Investments, net, and a Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,828) and ($44,268), respectively.

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Noncontrolling Interest

12 Months Ended

Dec. 31, 2016

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling Interest

Noncontrolling Interest recorded in the consolidated financial statements of the Company relates to a 14% interest in Evercore LP, a 38% interest in Evercore Wealth Management ("EWM"), a 39% interest in Evercore Private Capital Advisory L.P. ("PCA"), a 28% interest in ECB (through January 29, 2016, the date all of the noncontrolling interest was repurchased by the Company), a 34% equity interest in Atalanta Sosnoff (through December 31, 2015, the date it was deconsolidated), a 38% interest in Institutional Equities (through October 31, 2014, the date all of the noncontrolling interest was repurchased by the Company) and other private equity partnerships (through September 30, 2016, the date the Company deconsolidated its Mexican Private Equity business). The Noncontrolling Interests for Evercore LP, EWM and PCA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the years ended December 31, 2016, 2015 and 2014 were as follows:

	For the Years Ended December 31,
	2016			2015			2014
Beginning balance	$	202,664		$	160,952		$	60,577
Comprehensive income (loss):
Net Income Attributable to Noncontrolling Interest	40,984			14,827			20,497
Other comprehensive income (loss)	(3,737		)	(3,886		)	(2,608		)
Total comprehensive income	37,247			10,941			17,889
Evercore LP Units Purchased or Converted into Class A Shares	(16,480		)	(12,012		)	(11,686		)
Amortization and Vesting of LP Units/Interests	81,392			82,734			3,593
Issuance of Noncontrolling Interest for Acquisitions and Investments	—			—			72,344
Other Items:
Distributions to Noncontrolling Interests	(38,154		)	(23,723		)	(10,655		)
Deconsolidation of Atalanta Sosnoff	—			(16,090		)	—
Net Reclassification to/from Redeemable Noncontrolling Interest	—			—			27,477
Issuance of Noncontrolling Interest	885			594			2,449
Purchase of Noncontrolling Interest	(5,225		)	—			—
Deconsolidation of GCP III	(5,808		)	—			—
Other, net	(488		)	(732		)	(1,036		)
Total other items	(48,790		)	(39,951		)	18,235
Ending balance	$	256,033		$	202,664		$	160,952

Other Comprehensive Income -Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of ($699), ($1,083) and ($981)for the years ended December 31, 2016, 2015 and 2014, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($3,038), ($2,803) and ($1,627)for the years ended December 31, 2016, 2015 and 2014, respectively.

Interests Purchased -On January 29, 2016, the Company purchased, at fair value, all of the noncontrolling interest in ECB for $6,482 resulting in a decrease to Noncontrolling Interest of $5,225 and a decrease to Additional Paid-In Capital of $1,257, on the Company's Consolidated Statement of Financial Condition for the year ended December 31, 2016.

During the year ended December 31, 2016, the Company purchased 5 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $235 on the Company's Consolidated Statement of Financial Condition as of December 31, 2016.

During the year ended December 31, 2015, the Company purchased 26 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $353 and a decrease to Additional Paid-In Capital of $770, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015.

In May 2014, the Company purchased 3 units, or 22%, of the aggregate amount of the outstanding EWM Class A units held by members of EWM for 119 Class A Shares and 11 LP Units of the Company, at a fair value of $7,100. This transaction resulted in an increase in the Company's ownership in EWM to 62%. In conjunction with this purchase, the Company amended the Amended and Restated Limited Liability Company Agreement of EWM. Per the amended agreement, the holders of certain EWM interests no longer have the option to redeem these capital interests for cash upon the event of the death or disability of the holder. Accordingly, the value of these interests had been reclassified from Redeemable Noncontrolling Interest to Noncontrolling Interest on the Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2014. The above transactions had the effect of reducing Redeemable Noncontrolling Interest and Treasury Stock by $34,577 and $3,856, respectively, and increasing Noncontrolling Interest and Additional Paid-In-Capital by $27,477 and $3,244, respectively, at June 30, 2014. These interests were reflected at their fair value of $34,577 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statement of Financial Condition at March 31, 2014. Changes in the fair value of these redeemable noncontrolling interests resulted in a decrease to Additional Paid-In-Capital of $4,116 for the year ended December 31, 2014.

GCP III - On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco. Upon the closing of this transaction, which occurred on September 30, 2016, the Company deconsolidated the noncontrolling interest in GCP III of $5,808. See Note 4 for further information.

Atalanta Sosnoff - On December 31, 2015, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff, as well as its related redeemable noncontrolling interests. See Note 4 for further information.

ISI Transaction - The value of the Class E LP Units exchanged as consideration for the Company's acquisition of the operating businesses of ISI, as well as the value of Class E LP Units exchanged for the interest in its Institutional Equities business it did not own, resulted in an increase to Noncontrolling Interest of $68,835 as of December 31, 2014. Further, the purchase of the remaining noncontrolling interest in the Institutional Equities business, including the portion exchanged for cash, resulted in a reduction of Additional Paid-In-Capital of $17,307 for the year ended December 31, 2014. Further, the Company's acquisition of a small advisory boutique firm resulted in an increase in Noncontrolling Interest of $3,509 as of December 31, 2014.

Other - In addition, Noncontrolling Interest was reduced and Additional Paid-In-Capital was increased by the net effect of $1,124 as of December 31, 2014, reflecting other adjustments resulting from changes in ownership in the Company's subsidiaries.

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Net Income Per Share Attributable to Evercore Inc. Common Shareholders

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the years ended December 31, 2016, 2015 and 2014 are described and presented below.

	For the Years Ended December 31,
	2016		2015		2014
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,220		37,161		35,827
Basic net income per share attributable to Evercore Inc. common shareholders	$	2.74	$	1.15	$	2.42
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(a)		(a)		(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)		(a)		(a)
Diluted net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,220		37,161		35,827
Assumed exchange of LP Units for Class A Shares	(a)		(a)		(a)
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	2,065		2,162		2,723
Shares that are contingently issuable (b)	2,908		1,747		88
Assumed conversion of Warrants issued (c)	—		2,629		3,205
Diluted weighted average Class A Shares outstanding	44,193		43,699		41,843
Diluted net income per share attributable to Evercore Inc. common shareholders	$	2.43	$	0.98	$	2.08

(a) The Company has outstanding LP Units in its subsidiary, Evercore LP, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the years ended December 31, 2016, 2015 and 2014, the LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 6,397, 6,606 and 5,161for the years ended December 31, 2016, 2015 and 2014, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $18,196, $7,697 and $12,912for the years ended December 31, 2016, 2015 and 2014, respectively. In computing this adjustment, the Company assumes that all vested Class A LP Units and all Class E LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and, that it has adopted a conventional corporate tax structure and is taxed as a C Corporation in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the LP Units will result in a dilutive computation in future periods.

(b) At December 31, 2016 and 2015, the Company has outstanding Class G and H LP Interests which are contingently exchangeable into Class E LP Units, and ultimately Class A Shares, as well as outstanding Class I-P Units which are contingently exchangeable into Class I LP Units, and ultimately Class A Shares, as they are subject to certain performance thresholds being achieved. See Note 17 for a further discussion. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class G and H LP Interests and Class I-P LP Units will be included in diluted weighted average Class A Shares outstanding as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that will be included in diluted weighted average Class A Shares outstanding will be based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period. The Interests/Units that were assumed to be converted to an equal number of Class A Shares for purposes of computing diluted EPS were 2,908 and 1,747 for the years ended December 31, 2016 and 2015, respectively.

(c) In November 2015, Mizuho exercised in full its outstanding Warrants to purchase 5,455 Class A Shares, of which the Company repurchased 2,355 shares.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

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Share-Based and Other Deferred Compensation

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based and Other Deferred Compensation

Share-Based and Other Deferred Compensation

Acquisition-related LP Units

Equities business - In conjunction with the acquisition of the operating businesses of ISI in 2014, the Company issued Evercore LP units and interests which have been treated as compensation, including 710 vested Class E LP Units and an allocation of the value, attributed to post-combination service, of 710 Class E LP Units that were unvested and vest ratably on October 31, 2015, 2016 and 2017 and become exchangeable once vested. The units will become exchangeable into Class A Shares of the Company subject to certain liquidated damages and continued employment provisions. Compensation expense related to Class E LP Units was $21,077, $21,425 and $3,399for the years ended December 31, 2016, 2015 and 2014, respectively.

In October 2016 and 2015, 224 and 233 Class E LP Units vested, respectively.

The Company also issued 538 vested and 540 unvested Class G LP Interests, which vest ratably on February 15, 2016, 2017 and 2018, and 2,044 vested and 2,051 unvested Class H LP Interests, which will vest ratably on February 15, 2018, 2019 and 2020. The Company's vested Class G and Class H LP Interests will become exchangeable into Class A Shares of the Company subject to the achievement of certain performance targets. The Company's vested Class G LP Interests become exchangeable in February 2016, 2017 and 2018 if certain earnings before interest and taxes, excluding underwriting, ("Management Basis EBIT") margin thresholds within a range of 12% to 16%, are achieved for the calendar year preceding the date the interests become exchangeable. The Company's vested Class H LP Interests will become exchangeable in February 2018, 2019 and 2020 if certain average Management Basis EBIT and Management Basis EBIT margin thresholds, within ranges of $8,000 to $48,000 and 7% to 17%, respectively, are achieved for the three calendar years preceding the date the interests become exchangeable. In the event of death, disability or termination of employment without cause, unvested Class G and H LP Interests will be canceled or may vest based on determination of expected performance, based on a decision by Management.

In February 2017 and 2016, 368 and 371 Class G LP Interests achieved their performance targets and were converted to the same number of Class E LP Units, respectively.

Based on Evercore ISI's results for the year ended December 31, 2016, the Company determined that the achievement of certain of the remaining performance thresholds for the remaining Class G and H LP Interests was probable at December 31, 2016. This determination assumes a Management Basis EBIT margin of 16.1% and an annual Management Basis EBIT of $39,634 being achieved over the remaining performance period for Evercore ISI which would result in 3,610 Class G and H LP Interests vesting and becoming exchangeable into Class E LP Units. For the year ended December 31, 2015, the Company had determined that the achievement of certain of the remaining performance thresholds for the Class G and H LP Interests was probable and assumed a Management Basis EBIT margin of 15.2% and an annual Management Basis EBIT of $34,395 being achieved over the performance period for Evercore ISI. Accordingly, $59,357 and $61,111 of expense was recorded for the years ended December 31, 2016 and 2015, respectively, for the Class G and H LP Interests.

As of December 31, 2014, the Company determined that the achievement of the above performance thresholds associated with the Class G and H LP Interests was not probable. Accordingly, no expense was recorded for the year ended December 31, 2014 for the Class G and H LP Interests.

Assuming the maximum thresholds for the Class G and H LP Interests were considered probable of achievement at December 31, 2016, an additional $34,969 of expense would have been incurred for the year ended December 31, 2016 and the remaining expense to be accrued over the future vesting period extending from January 1, 2017 to February 15, 2020 would be $110,457. In that circumstance, the total number of Class G and H LP Interests that would vest and become exchangeable to Class E LP Units would be 4,939. Conversely, the life to date actual accrued expense related to unvested Class G and H LP Interests as of December 31, 2016 was $86,984, which would be reversed if the actual performance falls below, or is deemed probable of falling below, the minimum thresholds prior to vesting.

The following tables summarize activity related to the Acquisition-related Awards for the Company's equities business during the year ended December 31, 2016. In these tables, awards whose performance conditions have not yet been achieved are reflected as unvested:

	Class E LP Units
	Number of Units		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	771		$	39,525
Granted	4		203
Modified	—		—
Forfeited	(5	)	(270		)
Vested/Performance Achieved	(389	)	(19,755		)
Unvested Balance at December 31, 2016	381		$	19,703

	Class G LP Interests					Class H LP Interests
	Number of Interests		Grant Date Weighted Average Fair Value			Number of Interests		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	1,075		$	55,623		4,083		$	211,365
Granted	6		308			33		1,752
Modified	—		—			—		—
Forfeited	(6	)	(303		)	(33	)	(1,729		)
Vested/Performance Achieved	(364	)	(18,811		)	(37	)	(1,933		)
Unvested Balance at December 31, 2016	711		$	36,817		4,046		$	209,455

As of December 31, 2016, the total compensation cost not yet recognized related to these Acquisition-related Awards, including awards which are subject to performance conditions, was $162,379. The weighted-average period over which this compensation cost is expected to be recognized is 26 months.

Other Acquisition Related

Lexicon - During 2011, in connection with the acquisition of The Lexicon Partnership LLP ("Lexicon"), the Company committed to issue 1,883 restricted Class A Shares, including dividend equivalent units, ("Lexicon Acquisition-related Awards") and deferred cash consideration.Compensation expense related to Lexicon Acquisition-related Awards and deferred cash consideration was $1,237 and $301, respectively, for the year ended December 31, 2015, and $5,255 and $1,626, respectively, for the year ended December 31, 2014.

As of December 31, 2015, all Lexicon Acquisition-related Awards were fully vested and all compensation costs related to Lexicon Acquisition-related Awards and deferred cash consideration were recognized.

Stock Incentive Plans

In 2006 the Company's stockholders and board of directors adopted the Evercore Inc. 2006 Stock Incentive Plan. The total number of Class A Shares which could be issued under this plan was 20,000. During the second quarter of 2013, the Company's stockholders approved the Amended and Restated 2006 Evercore Inc. Stock Incentive Plan (the "2006 Plan"). The amended and restated plan, among other things, authorized an additional 5,000 shares of the Company's Class A Shares. As of December 31, 2015, the total shares available to be granted in the future under the 2006 Plan was 2,865.

During the second quarter of 2016, the Company's stockholders approved the Amended and Restated 2016 Evercore Inc. Stock Incentive Plan (the "2016 Plan"), which replaced the 2006 Plan. The 2016 Plan, among other things, authorizes an additional 10,000 shares of the Company's Class A Shares. The plans permit the Company to grant to key employees, directors and consultants incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, RSUs and other awards based on the Company's Class A Shares. The Company intends to use newly-issued Class A Shares to satisfy any awards under the plans. Class A Shares underlying any award granted under the plans that expire, terminate or are canceled or satisfied for any reason without being settled in stock again become available for awards under the plans. The total shares available to be granted in the future under the 2016 Plan was 9,906 as of December 31, 2016.

The Company also grants dividend equivalents, in the form of unvested RSU awards, concurrently with the payment of dividends to the holders of Class A Shares, on all unvested RSU grants awarded in conjunction with annual bonuses as well as new hire awards granted after April 2012. The dividend equivalents have the same vesting and delivery terms as the underlying RSU award.

The Company had 61 RSUs which were fully vested but not delivered as of December 31, 2016.

Equity Grants

2016Equity Grants. During 2016, pursuant to the 2006 Plan and 2016 Plan, the Company granted employees 3,144 RSUs that are Service-based Awards. The Company also granted 900 RSUs during 2016 in conjunction with the appointment of the Executive Chairman, which are Service-based Awards granted outside of the 2016 Plan in reliance on the employment inducement exception provided under § 303A.08 of the NYSE Listed Company Manual. See "Executive Chairman" below for further information.

Service-based Awards granted during 2016 had grant date fair values of $44.30 to $70.65 per share. During 2016, 2,609 Service-based Awards vested and 181 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $125,990 for the year ended December 31, 2016.

The following table summarizes activity related to Service-based Awards during the year ended December 31, 2016:

	Service-based Awards
	Number of Shares		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	5,634		$	261,603
Granted	4,044		208,833
Modified	—		—
Forfeited	(181	)	(8,758		)
Vested	(2,609	)	(115,230		)
Unvested Balance at December 31, 2016	6,888		$	346,448

As of December 31, 2016, the total compensation cost related to unvested Service-based Awards not yet recognized was $233,420. The ultimate amount of such expense is dependent upon the actual number of Service-based Awards that vest. The Company periodically assesses the forfeiture rates used for such estimates. A change in estimated forfeiture rates would cause the aggregate amount of compensation expense recognized in future periods to differ from the estimated unrecognized compensation expense described herein. The weighted-average period over which this compensation cost is expected to be recognized is 31 months.

2015Equity Grants. During 2015, pursuant to the 2006 Plan, the Company granted employees 2,712 RSUs that are Service-based Awards. Service-based Awards granted during 2015 had grant date fair values of $48.41 to $58.47 per share. During 2015, 2,259 Service-based Awards vested and 167 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $105,496 for the year ended December 31, 2015.

2014 Equity Grants. During 2014, pursuant to the 2006 Plan, the Company granted employees 2,071 RSUs that are Service-based Awards. Service-based Awards granted during 2014 had grant date fair values of $46.59 to $58.67 per share. During 2014, 3,245 Service-based Awards vested and 158 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $90,597 for the year ended December 31, 2014.

Executive Chairman

In November 2016, in conjunction with the appointment of the Executive Chairman, the Company issued the following awards:

The Company granted a restricted cash award with a target payment amount of $35,000, of which $11,000 is scheduled to vest on March 1, 2019 and $6,000 is scheduled to vest on each of the first four anniversaries of March 1, 2019, provided that the Executive Chairman continues to remain employed through each such vesting date, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following May 1, 2019, subject to a six month prior written notice requirement) or a change in control. The Company has the discretion to increase (by an amount up to $35,000) or decrease (by an amount up to $8,750) the total amount payable under this award. Compensation expense related to this award was $568 for the year ended December 31, 2016.

The Company granted 900 RSUs with a grant date fair value of $65.38 per share, of which 18% vested on December 31, 2016 and were fully expensed during the year ended December 31, 2016. An additional 14% of these RSUs vest on each of March 1, 2018, 2019, 2020 and 2021, and 26% on March 1, 2022, provided that the Executive Chairman continues to remain employed through the applicable vesting date, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following January 15, 2022, subject to a one year prior written notice requirement) or a change in control. These awards will be expensed ratably over the remaining vesting period. Compensation expense, included in compensation expense related to Service-based Awards above, related to this award was $10,591 for the year ended December 31, 2016.

The Company issued 400 Class I-P Units of Evercore LP. These Class I-P Units convert into a specified number of Class I LP Units, which are exchangeable on a one-for-one basis to Class A Shares, contingent on the achievement of certain market and service conditions, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following January 15, 2022, subject to a one year prior written notice requirement) or a change in control. These Class I-P Units are segregated into two groups of 200 units each, with share price threshold vesting conditions which are required to exceed a certain level for 20 consecutive trading days. The Company determined the fair value of the award to be $24,412 and is expensing the award ratably over the implied service period, which ends on March 1, 2022. As the award contains market-based conditions, the entire expense will be recognized if the award does not vest for any reason other than the service conditions. Compensation expense related to this award was $544 for the year ended December 31, 2016.

Deferred Cash Program

The Company's deferred compensation program provided participants the ability to elect to receive a portion of their deferred compensation in cash, which is indexed to a notional investment portfolio and vests ratably over four years and requires payment upon vesting. The Company granted $41,147, $3,926 and $9,153 of deferred cash awards pursuant to the deferred compensation program during 2016, 2012 and 2011, respectively. Compensation expense related to this deferred compensation program was $14,936, $1,476 and $3,683for the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016, the total compensation cost related to the deferred compensation program not yet recognized was $29,916. The weighted-average period over which this compensation cost is expected to be recognized is 38 months.

Long-term Incentive Plan

The Company's Long-term Incentive Plan provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over a four-year performance period beginning January 1, 2013. These awards, which aggregate $50,098 of liabilities on the Consolidated Statement of Financial Condition as of December 31, 2016, will be paid, in cash or Class A Shares, at the Company's discretion, in three equal installments in the first quarter of 2017, 2018 and 2019, subject to employment at the time of payment. These awards are subject to retirement eligibility requirements. The Company periodically assesses the probability of the benchmarks being achieved and expenses the probable payout over the requisite service period of the award. The compensation expense related to these awards was $35,258, $6,192 and $5,700for the years ended December 31, 2016, 2015 and 2014, respectively.

Employee Loans Receivable

Periodically, the Company provides new and existing employees with cash payments in the form of loans and/or other cash awards which are subject to ratable vesting terms with service requirements ranging from one to five years. Generally, the terms of these awards include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. In circumstances where the employee meets the Company's minimum credit standards, the Company amortizes these awards to compensation expense over the relevant service period which is generally the period they are subject to forfeiture. Compensation expense related to these awards was $19,625, $14,564 and $13,851for the years ended December 31, 2016, 2015 and 2014, respectively. The remaining unamortized amount of these awards was $32,845 as of December 31, 2016.

Other

The total income tax benefit related to share-based compensation arrangements recognized in the Company's Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 was $44,209, $36,755 and $34,375, respectively.

In conjunction with the restructuring of our investment in Atalanta Sosnoff, the Company incurred expense included in Special Charges of $6,333 related to the conversion of certain of Atalanta Sosnoff's profits interests to equity, resulting in an increase to Additional Paid-In-Capital of $6,333 for the year ended December 31, 2015.

During the first quarter of 2017, as part of the 2016 bonus awards, the Company granted to certain employees approximately 2,500 unvested RSUs pursuant to the 2016 Plan. These awards will generally vest over four years.

Separation Benefits

The Company granted separation benefits to certain employees, resulting in expense included in Employee Compensation and Benefits of approximately $6,820, $6,766 and $5,671for the years ended December 31, 2016, 2015 and 2014, respectively. In conjunction with these arrangements, the Company distributed cash payments of $3,622, $3,805 and $3,415for the years ended December 31, 2016, 2015 and 2014, respectively. The Company also granted separation benefits to certain employees, resulting in expense included in Special Charges of approximately $1,863 and $3,372 for the years ended December 31, 2015 and 2014, respectively. In conjunction with these arrangements, the Company distributed cash payments of $487 and $238 for the years ended December 31, 2015 and 2014, respectively. See Note 5 for further information.

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Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2025. The Company reflects lease expense over the lease terms on a straight-line basis. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. Occupancy and Equipment Rental on the Consolidated Statements of Operations includes occupancy rental expense relating to operating leases of $33,405, $34,180 and $27,375for the years ended December 31, 2016, 2015 and 2014, respectively.

In conjunction with the lease of office space, the Company has entered into letters of credit in the amounts of approximately $5,387 and $5,086, which are secured by cash and included in Other Assets on the Consolidated Statements of Financial Condition as of December 31, 2016 and 2015, respectively.

The Company has entered into various operating leases for the use of certain office equipment. Rental expense for office equipment totaled $2,449, $1,990 and $1,640for the years ended December 31, 2016, 2015 and 2014, respectively. Rental expense for office equipment is included in Occupancy and Equipment Rental on the Consolidated Statements of Operations.

As of December 31, 2016, the approximate aggregate minimum future payments required on the operating leases are as follows:

2017	$	33,335
2018	32,677
2019	32,105
2020	30,241
2021	27,299
Thereafter	36,036
Total	$	191,693

Private Equity – As of December 31, 2016, the Company had unfunded commitments for capital contributions of $4,624 to private equity funds. These commitments will be funded as required through the end of each private equity fund's investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

On February 11, 2010, the Company announced the formation of a strategic alliance to pursue private equity investment opportunities with Trilantic and to collaborate on the future growth of Trilantic's business. See Note 9 for further information.

Under the terms of the acquisition agreement for Protego Casa de Bolsa, S.A. de C.V., the Company is obligated to pay the partners that sold Protego 90% of the return proceeds and performance fees received from Protego's investment in the general partner of the Discovery Fund. Beginning in 2014, the Company received distributions from Discovery Americas Associated L.P., the general partner of the Discovery Fund. Accordingly, as of December 31, 2016, the Company recorded Goodwill of $10,523 pursuant to this agreement. The carrying value of the Company's investment in the Discovery Fund is $7,463 at December 31, 2016. See Note 9 for further information.

Lines of Credit

ECB maintains a line of credit with BBVA Bancomer to fund its trading activities on an intra-day and overnight basis. The intra-day facility has a maximum aggregate principal amount of approximately $9,700 and is secured by trading securities. No interest is charged on the intra-day facility. The overnight facility is charged the Inter-Bank Balance Interest Rate plus 10 basis points. There have been no significant draw downs on ECB's line of credit since August 10, 2006. The line of credit is renewable annually.

On June 26, 2015, Evercore Partners Services East L.L.C. ("East"), a wholly-owned subsidiary of the Company, increased its line of credit from First Republic Bank to an aggregate principal amount of up to $75,000, to be used for working capital and other corporate activities, including, but not limited to, the repurchase of the Company's stock from time to time. This facility was secured by (i) cash and cash equivalents of East held in a designated account with First Republic Bank, (ii) certain of East's intercompany receivables and (iii) third party accounts receivable of EGL. Drawings under this facility bore interest at the prime rate. The facility was renewed on June 26, 2015 and the maturity date was extended to June 27, 2016. On January 15, 2016, the line of credit from First Republic Bank was decreased to an aggregate principal amount of up to $50,000. In addition, the agreement was modified to impose similar quarterly financial covenants as the Company agreed to in the senior credit facility with Mizuho executed in November 2015, including (i) a Minimum Consolidated Tangible Net Worth, (ii) a Minimum Unencumbered Liquid Asset Ratio and (iii) a Maximum Consolidated Leverage Ratio. On January 27, 2016, East drew down $50,000 on this facility. East repaid and terminated its line of credit with First Republic Bank on June 23, 2016.

On June 24, 2016, East entered into a loan agreement with PNC Bank, National Association ("PNC") for a revolving credit facility in an aggregate principal amount of up to $30,000, to be used for working capital and other corporate activities. This facility is secured by East's accounts receivable and the proceeds therefrom, as well as certain assets of EGL, including certain of EGL's accounts receivable. In addition, the agreement contains certain reporting covenants as well as certain debt covenants that prohibit East and the Company from incurring other indebtedness subject to specified exceptions. Drawings under this facility bear interest at the prime rate. The facility matures on June 23, 2017, subject to an extension agreed to between East and PNC. On February 2, 2017, East drew down $30,000 on this facility.

Tax Receivable Agreements - As of December 31, 2016, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $186,310. The Company expects to pay to the counterparties to the Tax Receivable Agreements $12,201 within one year or less, $24,554 in one to three years, $26,792 in three to five years and $122,763 after five years.

Other Commitments

During the first quarter of 2015, in conjunction with the Company entering into a strategic alliance with Luminis, the Company committed to loan Luminis $5,500. The Company paid Luminis $3,500 pursuant to the loan agreement during the year ended December 31, 2015. In December 2016, the Company gave notice of its intent to exercise its call option to purchase a 19% interest in Luminis. As consideration for this transaction, the Company converted the $3,500 loan issued to Luminis and transferred an additional $2,000 of cash during December 2016. Accordingly, the Company recorded $5,500 in Other Assets on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. This transaction closed on January 1, 2017 and will be accounted for under the equity method of accounting going forward.

In addition, the Company enters into commitments to pay contingent consideration related to certain of its acquisitions. At December 31, 2016, the Company had a remaining commitment for contingent consideration related to its acquisition of Protego in 2006, as well as commitments related to its acquisition of a boutique advisory business in 2014 and its acquisition of Kuna & Co. KG in 2015.

Contingencies

In the normal course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Singapore, Canadian and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company's business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of determining whether any loss in connection with such matters is probable and whether the amount of such loss can be reasonably estimated, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot estimate the amount of such loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Provisions for losses are established in accordance with ASC 450, "Contingencies" when warranted. Once established, such provisions are adjusted when there is more information available or when an event occurs requiring a change.

On September 19, 2016, EGL was named as a defendant in the First Amended and Supplemented Verified Class Action Complaint (the "Complaint"), filed in the Chancery Court of the State of Delaware in a case entitled City of Daytona Beach Police and Fire Pension Fund v. ExamWorks Group, Inc., et al. (C.A. No. 12481-VCL). The Complaint was brought on behalf of a purported class consisting of all ExamWorks common stockholders and purports to assert a claim against EGL for aiding and abetting breaches of fiduciary duties by ExamWorks officers and directors in connection with a merger transaction between ExamWorks and affiliates of Leonard Green & Partners, L.P. that was agreed to on April 26, 2016 and consummated on July 27, 2016. The Complaint seeks certification as a class action and unspecified compensatory damages plus interest and attorneys' fees. EGL intends to vigorously defend the case, and is indemnified for legal expenses (including reasonable attorney's fees) and other liabilities, except in certain cases involving gross negligence, bad faith or willful misconduct.

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Regulatory Authorities

12 Months Ended

Dec. 31, 2016

Banking and Thrift [Abstract]

Regulatory Authorities

Regulatory Authorities

EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL's regulatory net capital as of December 31, 2016 and 2015 was $119,644 and $79,019, respectively, which exceeded the minimum net capital requirement by $119,394 and $78,769, respectively.

On December 31, 2015, the operations of International Strategy & Investment Group L.L.C. were transferred to EGL.

Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries are in excess of their local capital adequacy requirements at December 31, 2016.

ETC, which is limited to fiduciary activities, is regulated by the Office of the Comptroller of the Currency ("OCC") and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to (1) maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require), (2) maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 90 days coverage of ETC's operating expenses and (3) provide at least $10,000 of certain collateral held in a segregated account at a third-party depository institution. The collateral is included in Assets Segregated for Bank Regulatory Requirements on the Consolidated Statements of Financial Condition. The Company was in compliance with the aforementioned agreements as of December 31, 2016.

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Income Taxes

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

As a result of the Company's formation and IPO, collectively referred to as the reorganization, the operating business entities of the Company were restructured and a portion of the Company's income is subject to U.S. federal, state, local and foreign income taxes and is taxed at the prevailing corporate tax rates. Taxes Payable as of December 31, 2016 and 2015 were $27,321 and $20,886, respectively.

The following table presents the U.S. and non-U.S. components of Income before income tax expense:

	For the Years Ended December 31,
	2016		2015		2014
U.S.	$	204,920	$	81,157	$	124,747
Non-U.S.	21,911		38,736		30,883
Income before Income Tax Expense (a)	$	226,831	$	119,893	$	155,630

(a) Net of Noncontrolling Interest.

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 consist of:

	For the Years Ended December 31,
	2016			2015			2014
Current:
Federal	$	79,596		$	56,064		$	33,814
Foreign	10,832			9,798			10,513
State and Local	18,832			14,795			10,114
Total Current	109,260			80,657			54,441
Deferred:
Federal	11,510			(1,196		)	15,104
Foreign	(1,439		)	659			(3,080		)
State and Local	(28		)	(3,090		)	2,291
Total Deferred	10,043			(3,627		)	14,315
Total	$	119,303		$	77,030		$	68,756

A reconciliation between the federal statutory income tax rate and the Company's effective income tax rate for the years ended December 31, 2016, 2015 and 2014 is as follows:

	For the Years Ended December 31,
	2016		2015		2014
Reconciliation of Federal Statutory Tax Rates:
U.S. Statutory Tax Rate	35.0	%	35.0	%	35.0	%
Increase Due to State and Local Taxes	4.8	%	7.0	%	6.0	%
Rate Benefits as a Limited Liability Company/Flow Through	(5.9	)%	(5.9	)%	(4.2	)%
Foreign Taxes	0.7	%	1.5	%	0.4	%
Non-Deductible Expenses (1)	9.9	%	19.9	%	1.1	%
Valuation Allowances	—	%	—	%	0.9	%
Other Adjustments	—	%	(0.3	)%	(0.2	)%
Effective Income Tax Rate	44.5	%	57.2	%	39.0	%

(1) Primarily related to non-deductible share-based compensation expense.

Undistributed earnings of certain foreign subsidiaries totaled approximately $6,531 as of December 31, 2016. Deferred taxes have not been provided on the undistributed earnings of certain foreign subsidiaries, as the Company considers these amounts to be indefinitely reinvested to finance international growth and expansion. As of December 31, 2016, unrecognized net deferred tax liability attributable to those reinvested earnings would have aggregated approximately $1,965. In the event that such amounts were ever remitted, loaned to the Company, or if the stock in the foreign subsidiary was sold, these earnings could become subject to U.S. Federal tax and an income tax provision, if any, would be recognized at that time.

Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the Consolidated Statements of Financial Condition. These temporary differences result in taxable or deductible amounts in future years. Details of the Company's deferred tax assets and liabilities as of December 31, 2016 and 2015 were as follows:

	December 31,
	2016			2015
Deferred Tax Assets:
Depreciation and Amortization	$	31,475		$	29,498
Compensation and Benefits	54,410			35,120
Step up in tax basis due to the exchange of LP Units for Class A Shares	202,257			215,827
Other	44,065			38,349
Total Deferred Tax Assets	$	332,207		$	318,794
Deferred Tax Liabilities:
Goodwill, Intangible Assets and Other	$	25,273		$	19,169
Total Deferred Tax Liabilities	$	25,273		$	19,169
Net Deferred Tax Assets Before Valuation Allowance	$	306,934		$	299,625
Valuation Allowance	(1,510		)	(1,510		)
Net Deferred Tax Assets	$	305,424		$	298,115

The increase in net deferred tax assets from December 31, 2015 to December 31, 2016 was primarily attributable to a net increase of $19,290 in compensation and benefits, associated with the increased compensation costs of the Long-term Incentive Plan and Deferred Cash Program.

During 2016, the LP holders exchanged for Class A Shares and the Company purchased 537 Class A and Class E LP Units, which resulted in an increase in the tax basis of the tangible and intangible assets of Evercore LP. The exchange of Class E LP Units resulted in a $5,821 step-up in the tax basis of the tangible and intangible assets of Evercore LP and a corresponding increase to Additional Paid-In-Capital on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. Further, the exchange of 26 of such Class A LP Units triggered an additional liability under the tax receivable agreement that was entered into in 2006 between the Company and the LP Unit holders. The agreement provides for a payment to the LP Unit holders of 85% of the cash tax savings (if any), resulting from the increased tax benefits from the exchange and for the Company to retain 15% of such benefits. Accordingly, Deferred Tax Assets, Amounts Due Pursuant to Tax Receivable Agreements and Additional Paid-In-Capital increased $784, $666 and $118, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2016. See Note 14 for further discussion. This amount was offset by a $14,354 reduction in deferred tax assets related to the 2016 amortization of the tax basis in the tangible and intangible assets of Evercore LP.

Additionally, the increase in net deferred tax assets from December 31, 2015 to December 31, 2016 was also attributable to an increase of $1,977 related to the depreciation of fixed assets and amortization of intangible assets.

There was a net increase of $6,104 in the deferred tax liabilities from December 31, 2015 to December 31, 2016, primarily related to the increase in the amount of employee cash awards.

The Company reported an increase in deferred tax assets of $688 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $9,347 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the year ended December 31, 2016. The Company reported an increase in deferred tax assets of $455 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $8,492 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the year ended December 31, 2015.

The Company's affiliates generated approximately $5,054 of NYC unincorporated business tax credit carryforwards, which are set to expire in 2017. Management has weighed both the positive and negative evidence and determined that it was appropriate to establish a valuation allowance of $1,510, on the amount of credits that are not expected to be realized.

A reconciliation of the changes in tax positions for the years ended December 31, 2016, 2015 and 2014 is as follows:

	December 31,
	2016		2015		2014
Beginning unrecognized tax benefit	$	—	$	—	$	624
Additions for tax positions of prior years	—		—		276
Reductions for tax positions of prior years	—		—		—
Lapse of Statute of Limitations	—		—		(98		)
Decrease due to settlement with Taxing Authority	—		—		(802		)
Ending unrecognized tax benefit	$	—	$	—	$	—

The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Consolidated Statements of Operations. Related to the unrecognized tax benefits, the Company did not recognize any interest and penalties during the years ended December 31, 2016 and 2015.

The Company is subject to taxation in the U.S. and various state, local and foreign jurisdictions. The Company and its affiliates are currently under examination by New York City for tax years 2011 through 2014. With a few exceptions, the Company is no longer subject to U.S. federal, state, local or foreign examinations by taxing authorities for years before 2012.

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Concentrations of Credit Risk

12 Months Ended

Dec. 31, 2016

Risks and Uncertainties [Abstract]

Concentrations of Credit Risk

Concentrations of Credit Risk

Financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, foreign government obligations and receivables from clients. The Company has placed substantially all of its Cash and Cash Equivalents in interest-bearing deposits in U.S. commercial banks and U.S. investment banks that meet certain rating and capital requirements. The Company's foreign subsidiaries maintain substantially all of their Cash and Cash Equivalents in interest bearing accounts at large commercial banking institutions domiciled in their respective countries of operation. Concentrations of credit risk are limited due to the quality of the Company's clients.

Credit Risks

The Company maintains its cash and cash equivalents with financial institutions with high credit ratings. At times, the Company may maintain deposits in federally insured financial institutions in excess of federally insured ("FDIC") limits or enter into sweep arrangements where banks will periodically transfer a portion of the Company's excess cash position to a money market fund. However, the Company believes that it is not exposed to significant credit risk due to the financial position of the depository institutions or investment vehicles in which those deposits are held.

As of December 31, 2016, the Company has securities purchased under agreements to resell of $12,585 for which the Company has received collateral with a fair value of $12,601. Additionally, the Company has securities sold under agreements to repurchase of $31,150, for which the Company has pledged collateral with a fair value of $31,155. The Company has established risk management procedures to monitor the exposure to concentrations of credit from Securities Purchased Under Agreements to Resell. The collateral for the receivables is primarily secured by Mexican government bonds and the Company monitors the collateral pledged under these agreements against their contract value from inception to maturity date.

Accounts Receivable consists primarily of advisory fees and expense reimbursements billed to clients. Receivables are reported net of any allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts to provide coverage for probable losses from customer receivables and derives the estimate through specific identification for the allowance for doubtful accounts and an assessment of the client's creditworthiness. At December 31, 2016 and 2015 total receivables amounted to $230,522 and $175,497, respectively, net of an allowance. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice. The collection period for restructuring transactions and private equity fee receivables may exceed 90 days. The Company recorded bad debt expense of approximately $2,261, $1,314 and $1,027for the years ended December 31, 2016, 2015 and 2014, respectively.

With respect to the Company's Marketable Securities portfolio, which is comprised of highly-rated corporate and municipal bonds, exchange traded funds, mutual funds and equity securities, the Company manages its credit risk exposure by limiting concentration risk and maintaining investment grade credit quality. As of December 31, 2016, the Company had Marketable Securities of $66,487, of which 60% were corporate and municipal securities, primarily with S&P ratings ranging from AAA to BB+, and 40% were equity securities, exchange traded funds and mutual funds.

Periodically, the Company provides compensation to new and existing employees in the form of loans and/or other cash awards, which include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. See Note 17 for further information.

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Segment Operating Results

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Operating Results

Segment Operating Results

Business Segments – The Company's business results are categorized into the following two segments: Investment Banking and Investment Management. Investment Banking includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in the Institutional Asset Management, Wealth Management and Private Equity sectors. On September 30, 2016, the Company deconsolidated the assets and liabilities of its Mexican Private Equity business, which was in the Investment Management segment (see Note 4 for further information). On December 31, 2015, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff, which was in the Investment Management segment, and accounted for its interest as an equity method investment from that date forward. On October 31, 2014, the Company acquired the operating businesses of ISI, which is included in the Investment Banking segment.

The Company's segment information for the years ended December 31, 2016, 2015 and 2014 is prepared using the following methodology:

• Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.

• Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.

• Segment assets are based on those directly associated with each segment, or for certain assets shared across segments; those assets are allocated based on the most relevant measures applicable, including headcount and other factors.

• Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Each segment's Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, equipment and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, legal, facilities management and senior management activities.

Other Expenses include the following:

• Amortization of LP Units/Interests and Certain Other Awards - Includes amortization costs associated with the vesting of Class E LP Units and Class G and H LP Interests issued in conjunction with the acquisition of ISI and certain other related awards.

• Other Acquisition Related Compensation Charges - Includes compensation charges in 2015 and 2014 associated with deferred consideration, retention awards and related compensation for Lexicon employees.

• Special Charges - Includes an expense in 2016 related to an impairment charge associated with the Company's investment in Atalanta Sosnoff. Expenses in 2015 primarily related to an impairment charge associated with the impairment of goodwill in the Company's Institutional Asset Management reporting unit and charges related to the restructuring of the Company's investment in Atalanta Sosnoff, primarily related to the conversion of certain of Atalanta Sosnoff's profits interests held by management to equity interests. Special Charges for 2015 also include separation benefits and costs associated with the termination of certain contracts within the Company's Evercore ISI business, as well as the finalization of a matter associated with the wind-down of the Company's U.S. Private Equity business. Special Charges in 2014 primarily related to separation benefits and certain exit costs related to combining the equities business upon the ISI acquisition during 2014 and a provision recorded in 2014 against contingent consideration due on the 2013 disposition of Pan.

• Professional Fees - Includes expense associated with share based awards resulting from increases in the share price, which is required upon change in employment status.

• Acquisition and Transition Costs - Includes costs incurred in connection with acquisitions and other ongoing business development initiatives, primarily comprised of professional fees for legal and other services, as well as the reversal of a provision for certain settlements in 2016 previously established in the fourth quarter of 2015 and costs related to transitioning ISI's infrastructure in 2015.

• Fair Value of Contingent Consideration - Includes expense associated with changes in the fair value of contingent consideration issued to the sellers of certain of the Company's acquisitions.

• Intangible Asset and Other Amortization - Includes amortization of intangible assets and other purchase accounting-related amortization associated with certain acquisitions.

The Company evaluates segment results based on net revenues and pre-tax income, both including and excluding the impact of the Other Expenses.

The following information presents each segment's contribution.

	For the Years Ended December 31,
	2016		2015			2014
Investment Banking
Net Revenues (1)	$	1,363,859	$	1,130,915		$	819,637
Operating Expenses	1,020,327		869,301			632,927
Other Expenses (2)	92,172		108,739			25,109
Operating Income	251,360		152,875			161,601
Income from Equity Method Investments	1,370		978			495
Pre-Tax Income	$	252,730	$	153,853		$	162,096
Identifiable Segment Assets	$	1,302,351	$	1,097,373		$	934,648
Investment Management
Net Revenues (1)	$	76,193	$	92,358		$	96,221
Operating Expenses	57,379		77,231			86,547
Other Expenses (2)	9,000		39,332			328
Operating Income (Loss)	9,814		(24,205		)	9,346
Income from Equity Method Investments	5,271		5,072			4,685
Pre-Tax Income (Loss)	$	15,085	$	(19,133	)	$	14,031
Identifiable Segment Assets	$	359,995	$	381,798		$	511,908
Total
Net Revenues (1)	$	1,440,052	$	1,223,273		$	915,858
Operating Expenses	1,077,706		946,532			719,474
Other Expenses (2)	101,172		148,071			25,437
Operating Income	261,174		128,670			170,947
Income from Equity Method Investments	6,641		6,050			5,180
Pre-Tax Income	$	267,815	$	134,720		$	176,127
Identifiable Segment Assets	$	1,662,346	$	1,479,171		$	1,446,556

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Years Ended December 31,
	2016			2015			2014
Investment Banking (A)	$	(239	)	$	(2,945	)	$	(1,722	)
Investment Management (B)	386			(2,771		)	(2,530		)
Total Other Revenue, net	$	147		$	(5,716	)	$	(4,252	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Notes Payable, subordinated borrowings and the line of credit of $9,578, $6,041 and $4,470for the years ended December 31, 2016, 2015 and 2014, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Notes Payable and the line of credit of $670, $3,576 and $3,770for the years ended December 31, 2016, 2015 and 2014, respectively.

(2) Other Expenses are as follows:

	For the Years Ended December 31,
	2016			2015		2014
Investment Banking
Amortization of LP Units / Interests and Certain Other Awards	$	80,846		$	83,673	$	3,399
Other Acquisition Related Compensation Charges	—			1,537		7,939
Special Charges	—			2,151		4,893
Professional Fees	—			—		1,672
Acquisition and Transition Costs	(692		)	4,879		4,712
Fair Value of Contingent Consideration	1,107			2,704		—
Intangible Asset and Other Amortization	10,911			13,795		2,494
Total Investment Banking	92,172			108,739		25,109
Investment Management
Special Charges	8,100			38,993		—
Acquisition and Transition Costs	791			11		—
Intangible Asset and Other Amortization	109			328		328
Total Investment Management	9,000			39,332		328
Total Other Expenses	$	101,172		$	148,071	$	25,437

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company's revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Years Ended December 31,
	2016		2015		2014
Net Revenues: (1)
United States	$	1,056,796	$	900,672	$	608,631
Europe and Other	338,285		287,884		248,815
Latin America	44,824		40,433		62,664
Total	$	1,439,905	$	1,228,989	$	920,110

(1) Excludes Other Revenue and Interest Expense.

The Company's total assets are located in the following geographical areas:

	December 31,
	2016		2015
Total Assets:
United States	$	1,376,101	$	1,135,570
Europe and Other	190,380		221,358
Latin America	95,865		122,243
Total	$	1,662,346	$	1,479,171

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Evercore Inc. (Parent Company Only) Financial Statements Evercore Inc. (Parent Company Only) Financial Statements

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Evercore Inc. (Parent Company Only) Financial Statements

(Parent Company Only) Financial Statements

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

	December 31,
	2016			2015
ASSETS
Equity Investment in Subsidiary	$	598,279		$	534,258
Deferred Tax Asset	291,827			287,281
Goodwill	15,236			15,236
TOTAL ASSETS	$	905,342		$	836,775
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	12,201		$	11,638
Taxes Payable	21,341			14,761
Other Current Liabilities	2,296			538
Total Current Liabilities	35,838			26,937
Amounts Due Pursuant to Tax Receivable Agreement	174,109			186,036
Long-term Debt - Notes Payable	168,097			119,250
TOTAL LIABILITIES	378,044			332,223
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 58,292,567 and 55,249,559 issued at December 31, 2016 and 2015, respectively, and 39,190,856 and 39,623,271 outstanding at December 31, 2016 and 2015, respectively)	582			552
Class B, par value $0.01 per share (1,000,000 shares authorized, 24 and 25 issued and outstanding at December 31, 2016 and 2015, respectively)	—			—
Additional Paid-In-Capital	1,368,122			1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096		)	(34,539		)
Retained Earnings (Deficit)	20,343			(27,791		)
Treasury Stock at Cost (19,101,711 and 15,626,288 shares at December 31, 2016 and 2015, respectively)	(811,653		)	(644,412		)
TOTAL STOCKHOLDERS' EQUITY	527,298			504,552
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	905,342		$	836,775

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS

	For the Years Ended December 31,
	2016		2015		2014
REVENUES
Interest Income	$	8,385	$	7,818	$	8,341
TOTAL REVENUES	8,385		7,818		8,341
Interest Expense	8,385		7,818		8,341
NET REVENUES	—		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		—
Equity in Income of Subsidiary	209,841		103,931		141,612
Provision for Income Taxes	102,313		61,068		54,738
NET INCOME	$	107,528	$	42,863	$	86,874

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
	2016			2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	107,528		$	42,863		$	86,874
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(209,841		)	(103,931		)	(141,612		)
Deferred Taxes	12,453			(1,685		)	(15,887		)
Accretion on Long-term Debt	180			1,603			2,000
(Increase) Decrease in Operating Assets:
Other Assets	—			3,402			3,255
Increase (Decrease) in Operating Liabilities:
Taxes Payable	6,580			14,761			—
Net Cash Provided by (Used in) Operating Activities	(83,100		)	(42,987		)	(65,370		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	84,658			82,703			105,600
Net Cash Provided by Investing Activities	84,658			82,703			105,600
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of Evercore LP Units	—			—			(1,476		)
Exercise of Warrants, Net	—			6,416			—
Payment of Notes Payable - Mizuho	(120,000		)	—			—
Issuance of Notes Payable	170,000			—			—
Dividends	(51,558		)	(46,132		)	(38,754		)
Net Cash Provided by (Used in) Financing Activities	(1,558		)	(39,716		)	(40,230		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year	—			—			—
CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—
SUPPLEMENTAL CASH FLOW DISCLOSURE
Dividend Equivalents Issued	$	7,836		$	6,514		$	6,038
Exchange of Notes Payable as Consideration for Exercise of Warrants	$	—		$	118,347		$	—

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Note A – Organization

Evercore Inc. (the "Company") was incorporated as a Delaware corporation on July 21, 2005. The Company did not begin meaningful operations until the reorganization discussed below. Pursuant to a reorganization into a holding company structure, the Company became a holding company and its sole asset is a controlling equity interest in Evercore LP. As the sole general partner of Evercore LP, the Company operates and controls all of the business and affairs of Evercore LP and, through Evercore LP and its subsidiaries, continues to conduct the business now conducted by these subsidiaries.

Note B – Significant Accounting Policies

Basis of Presentation. The Statements of Financial Condition, Operations and Cash Flows have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Equity in Income of Subsidiary. The Equity in Income of Subsidiary represents the Company's share of income from Evercore LP.

Note C – Stockholders' Equity

The Company is authorized to issue 1,000,000 shares of Class A common stock ("Class A Shares"), par value $0.01 per share, and 1,000 shares of Class B common stock, par value $0.01 per share. All Class A Shares and shares of Class B common stock vote together as a single class. At December 31, 2016, the Company has issued 58,293 Class A Shares. The Company canceled one share of Class B common stock, which was held by a limited partner of Evercore LP during the twelve months ended December 31, 2016. During 2016, the Company purchased 1,087 Class A Shares primarily from employees at values ranging from $44.30 to $70.65 per share primarily for the net settlement of stock-based compensation awards and 2,388 net Class A Shares at market values ranging from $44.59 to $52.74 per share pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $167,241 on the Company's Statement of Financial Condition as of December 31, 2016. During the year ended December 31, 2016, the Company declared and paid dividends of $1.27 per share, totaling $51,558 which were wholly funded by the Company's sole subsidiary, Evercore LP. Dividends are paid and treasury shares are repurchased by a subsidiary of Evercore Inc.

As discussed in Note 17 to the consolidated financial statements, both the Evercore LP partnership units and restricted stock units are exchangeable into Class A Shares on a one-for-one basis once vested.

Note D – Issuance of Notes Payable

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes (the "Private Placement Notes"), including: $38,000 aggregate principal amount of its 4.88% Series A senior notes due 2021, $67,000 aggregate principal amount of its 5.23% Series B senior notes due 2023, $48,000 aggregate principal amount of its 5.48% Series C senior notes due 2026 and $17,000 aggregate principal amount of its 5.58% Series D senior notes due 2028, pursuant to a note purchase agreement dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

The Company used $120,000 of the net proceeds from the Private Placement Notes to repay outstanding borrowings under the senior credit facility with Mizuho Bank, Ltd. on March 30, 2016 and used the remaining net proceeds for general corporate purposes. See Note 12 to the consolidated financial statements.

Note E – Commitments and Contingencies

As of December 31, 2016, as discussed in Note 12 to the consolidated financial statements, the Company estimates the contractual obligations related to the Private Placement Notes to be $237,019. Pursuant to the Private Placement Notes, we expect to make payments to the notes' holders of $8,937 within one year or less, $17,874 in one to three years, $54,947 in three to five years and $155,261 after five years.

As of December 31, 2016, as discussed in Note 18 to the consolidated financial statements, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $186,310. The company expects to pay to the counterparties to the Tax Receivable Agreement $12,201 within one year or less, $24,554 in one to three years, $26,792 in three to five years and $122,763 after five years.

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Supplemental Financial Information Supplemental Financial Information

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Supplemental Financial Information

SUPPLEMENTAL FINANCIAL INFORMATION

(dollars in thousands, except per share data)

Consolidated Quarterly Results of Operations (unaudited)

The following represents the Company's unaudited quarterly results for the years ended December 31, 2016 and 2015. These quarterly results were prepared in accordance with U.S. GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results.

	For the Three Months Ended
	December 31, 2016		September 30, 2016		June 30, 2016		March 31, 2016
Net Revenues	$	445,369	$	386,314	$	350,656	$	257,713
Total Expenses	348,010		301,229		288,051		241,588
Income Before Income from Equity Method Investments and Income Taxes	97,359		85,085		62,605		16,125
Income from Equity Method Investments	2,512		1,178		1,664		1,287
Income Before Income Taxes	99,871		86,263		64,269		17,412
Provision for Income Taxes	39,913		38,980		30,676		9,734
Net Income	59,958		47,283		33,593		7,678
Net Income Attributable to Noncontrolling Interest	16,530		12,588		9,506		2,360
Net Income Attributable to Evercore Inc.	$	43,428	$	34,695	$	24,087	$	5,318
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	1.11	$	0.89	$	0.61	$	0.13
Diluted	$	0.98	$	0.79	$	0.55	$	0.12
Dividends Declared Per Share of Class A Common Stock	$	0.34	$	0.31	$	0.31	$	0.31

	For the Three Months Ended
	December 31, 2015		September 30, 2015			June 30, 2015		March 31, 2015
Net Revenues	$	408,243	$	308,951		$	268,096	$	237,983
Total Expenses	333,580		297,053			236,985		226,985
Income Before Income from Equity Method Investments and Income Taxes	74,663		11,898			31,111		10,998
Income from Equity Method Investments	2,016		929			1,998		1,107
Income Before Income Taxes	76,679		12,827			33,109		12,105
Provision for Income Taxes	46,703		7,392			16,723		6,212
Net Income	29,976		5,435			16,386		5,893
Net Income (Loss) Attributable to Noncontrolling Interest	9,374		(1,762		)	5,622		1,593
Net Income Attributable to Evercore Inc.	$	20,602	$	7,197		$	10,764	$	4,300
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	0.53	$	0.20		$	0.30	$	0.12
Diluted	$	0.45	$	0.16		$	0.26	$	0.10
Dividends Declared Per Share of Class A Common Stock	$	0.31	$	0.28		$	0.28	$	0.28

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Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Basis of Presentation, Policy

Basis of Presentation – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

The consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2015, Accounting Standards Update ("ASU") No. 2015-02, "Amendments to the Consolidation Analysis," ("ASU 2015-02") was issued. This ASU eliminates the deferral of ASU No. 2010-10, "Amendments for Certain Investment Funds," which allows reporting entities with interests in certain investment funds to follow the consolidation guidance in Accounting Standards Codification ("ASC") No. 810, "Consolidation," ("ASC 810") and makes other changes to the variable interest model and the voting model. ASU 2015-02 modifies the evaluation performed by reporting entities on limited partnerships and similar entities and also impacts the evaluation performed by reporting entities on VIE determination, and determination of the primary beneficiary of a VIE.

The Company adopted ASU 2015-02 on January 1, 2016. Pursuant to the provisions of ASU 2015-02, Evercore LP is a VIE and the Company is the primary beneficiary. Prior to the adoption of ASU 2015-02, the Company consolidated Evercore LP as a voting interest entity. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Position in Note 23.

International Strategy & Investment (U.K.) Limited ("ISI U.K.") is also a VIE pursuant to ASC 810 and the Company is the primary beneficiary of this VIE. Specifically, the Company provides financial support through a transfer pricing agreement with this entity, which exposes the Company to losses that are potentially significant to the entity, and has decision making authority that significantly affects the economic performance of the entity. The Company previously concluded that Evercore Asia Limited ("Evercore Asia") and Evercore Asia (Singapore) PTE. LTD. ("Evercore Singapore") were also VIEs; on July 1, 2016, the Company terminated the transfer pricing arrangements with Evercore Asia and Evercore Singapore. The Company viewed this modification as a reconsideration event under ASC 810-10 and concluded that Evercore Asia and Evercore Singapore are not VIEs and will continue to be consolidated as voting interest entities. Following the adoption of ASU 2015-02, the Company also concluded that Evercore Partners International LLP ("Evercore U.K.") is a VIE and that the Company is the primary beneficiary of this VIE. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Consolidated Statements of Financial Condition ISI U.K. and Evercore U.K. assets of $116,958 and liabilities of $90,260 at December 31, 2016 and Evercore Asia, Evercore Singapore, ISI U.K. and Evercore U.K. assets of $151,583 and liabilities of $110,424 at December 31, 2015. See Note 9 for further information on the Company's VIEs.

All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation.

At the time of the formation transaction, the members of Evercore LP (the "Members") received Class A limited partnership units of Evercore LP ("Class A LP Units") in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The Class A LP Units were subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock ("Class A Shares"). At December 31, 2013, all Class A LP Units were fully vested. On October 31, 2014, in conjunction with the acquisition of the operating businesses of International Strategy & Investment ("ISI"), the Company issued vested and unvested Class E limited partnership units of Evercore LP ("Class E LP Units") and vested and unvested Class G and H limited partnership interests of Evercore LP ("Class G and H LP Interests"). In November 2016, in conjunction with the appointment of the Executive Chairman, the Company issued unvested Class I-P Units of Evercore LP ("Class I-P Units"). The Class I-P Units are contingently exchangeable into Class I limited partnership units of Evercore LP ("Class I LP Units"), which are exchangeable on a one-for-one basis for Class A Shares. See Note 17 for further information. The Company accounts for exchanges of Evercore LP partnership units ("LP Units") for Class A Shares based on the carrying amounts of the Members' LP Units immediately before the exchange.

The Company's interest in Evercore LP is within the scope of ASC 810-20, "Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights". The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members.

New Accounting Pronouncements, Policy

In February 2015, Accounting Standards Update ("ASU") No. 2015-02, "Amendments to the Consolidation Analysis," ("ASU 2015-02") was issued. This ASU eliminates the deferral of ASU No. 2010-10, "Amendments for Certain Investment Funds," which allows reporting entities with interests in certain investment funds to follow the consolidation guidance in Accounting Standards Codification ("ASC") No. 810, "Consolidation," ("ASC 810") and makes other changes to the variable interest model and the voting model. ASU 2015-02 modifies the evaluation performed by reporting entities on limited partnerships and similar entities and also impacts the evaluation performed by reporting entities on VIE determination, and determination of the primary beneficiary of a VIE.

The Company adopted ASU 2015-02 on January 1, 2016. Pursuant to the provisions of ASU 2015-02, Evercore LP is a VIE and the Company is the primary beneficiary. Prior to the adoption of ASU 2015-02, the Company consolidated Evercore LP as a voting interest entity. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Position in Note 23.

Accounts Receivable, Policy

Accounts Receivable – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company's clients. The Company records Accounts Receivable net of any allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company's analysis of the client's creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced.

Furniture, Equipment and Leasehold Improvements, Policy

Furniture, Equipment and Leasehold Improvements – Fixed assets, including equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, primarily ranging from three to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset.

Revenue Recognition, Policy

Investment Banking Revenue– The Company earns investment banking fees from clients for providing advisory services on strategic matters, including mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters. The Company's Investment Banking services also include services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. It is the Company's accounting policy to recognize revenue when (i) there is persuasive evidence of an arrangement with a client, (ii) fees are fixed or determinable, (iii) the agreed-upon services have been completed and delivered to the client or the transaction or events contemplated in the engagement letter are determined to be substantially completed and (iv) collection is reasonably assured. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following:

Advisory Fees – In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter where the engagement letter will specify a future service period associated with that fee. In such circumstances, these retainer fees are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Revenues related to fairness or valuation opinions are recognized when the opinion has been rendered and delivered to the client and all other requirements for revenue recognition are satisfied. Success fees for advisory services, such as merger and acquisition advice, are recognized when the transaction(s) or event(s) are determined to be completed and all other requirements for revenue recognition are satisfied. In the event the Company was to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition and subsequently recognized as advisory fee revenue in Investment Banking Revenue on the Consolidated Statements of Operations when the conditions of completion have been satisfied.

Placement Fees– Placement fee revenues are attributable to capital raising on both a primary and secondary basis. The Company recognizes placement advisory fees at the time of the client's acceptance of capital or capital commitments in accordance with the terms of the engagement letter.

Underwriting Fees – Underwriting fees are attributable to public and private offerings of equity and debt securities and are recognized when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the Company recognizes the applicable management fee, selling concession and underwriting fee, the latter net of estimated offering expenses.

Commissions and Related Fees– Commissions and Related Fees include commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities and are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, when earned. The Company earns subscription fees for the sales of research. Cash received before the subscription period ends is initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and is recognized in Investment Banking Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations.

Investment Management Revenue – The Company's Investment Management business generates revenues from the management of client assets and the private equity funds.

Investment management fees for third-party clients are generally based on the value of the assets under management and any performance fees that may be negotiated with the client. These fees are generally recognized over the period that the related services are provided, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the return on assets exceeds certain benchmark returns. 

Management fees for private equity funds are contractual and are typically based on committed capital during the private equity funds' investment period, and on invested capital, thereafter. Management fees are recognized ratably over the period during which services are provided. The management fees may provide for a management fee offset for certain portfolio company fees the Company earns. The Company also records performance fee revenue from the private equity funds when the returns on the private equity funds' investments exceed certain threshold minimums. These performance fees, or carried interest, are computed in accordance with the underlying private equity funds' partnership agreements and are based on investment performance over the life of each investment partnership. Historically, the Company recorded performance fee revenue from its managed private equity funds when the private equity funds' investment values exceeded certain threshold minimums. During 2014, the Company changed its method of recording performance fees such that the Company records performance fees upon the earlier of the termination of the investment fund or when the likelihood of clawback is mathematically improbable. This method is considered the more preferable of the two methods accepted under ASC 605-20-S99-1.

Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered are initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Other Revenue, Including Interest and Interest Expense, Policy

Other Revenue, Including Interest and Interest Expense – Other Revenue, Including Interest and Interest Expense is derived primarily from financing transactions. These transactions are principally repurchases and resales of Mexican government securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase transaction. Other Revenue, Including Interest and Interest Expense also includes interest expense associated with the Notes Payable, subordinated borrowings and the line of credit and other financing arrangements, as well as income (losses) on marketable securities and cash deposited with financial institutions and changes in amounts due pursuant to the Company's tax receivable agreements.

Client Expense Reimbursement, Policy

Client Expense Reimbursement – In the conduct of its financial advisory service engagements and in advising the private equity funds, the Company receives reimbursement for certain expenses incurred by the Company on behalf of its clients and the funds. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred.

Noncontrolling Interest, Policy

Noncontrolling Interest – Noncontrolling interest recorded in the consolidated financial statements of the Company relates to the portions of the subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the relative ownership interest of the noncontrolling interest holders for the period by the net income or loss for the entity which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, then the net income or loss of these entities is allocated based on these special allocations.

ASC 810 requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. Noncontrolling Interest is presented as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, there is an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests. Changes in a parent's ownership interest while the parent retains control of its subsidiary are accounted for as equity transactions.

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less.

Fair Value of Financial Instruments, Policy

Fair Value of Financial Instruments – The majority of the Company's assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, marketable securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 10 for further information.

Marketable Securities, Policy

Marketable Securities – Marketable Securities include investments in corporate, municipal and other debt securities, as well as investments in readily-marketable equity securities, which are accounted for as available-for-sale under ASC 320-10, "Accounting for Certain Investments in Debt and Equity Securities." These securities are carried at fair value on the Consolidated Statements of Financial Condition. Unrealized gains and losses are reported as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, while realized gains and losses on these securities are determined using the specific identification method and are included in Other Revenue, Including Interest on the Consolidated Statements of Operations. The readily-marketable debt and equity securities are valued using quoted market prices on applicable exchanges or markets. Marketable Securities also include investments in municipal bonds held at EGL and exchange traded funds and mutual funds, which are carried at fair value, with changes in fair value recorded in Other Revenues, Including Interest on the Consolidated Statements of Operations. Marketable Securities transactions are recorded as of the trade date.

Financial Instruments Owned and Pledged as Collateral at Fair Value, Policy

Financial Instruments Owned and Pledged as Collateral at Fair Value – The Company's Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities.

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase, Policy

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. mature on the next business day) and the underlying securities are debt instruments of the Mexican Governments or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell.

Investments, Policy

Investments – The Company's investments include investments in private equity partnerships, the Company's equity interests in G5 Holdings S.A. ("G5 ǀ Evercore"), ABS Investment Management, LLC ("ABS") and Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff") (after its deconsolidation on December 31, 2015), which are accounted for under the equity method of accounting. In addition, the Company holds an equity security in a private company and maintains investments in Glisco Manager Holdings LP and Trilantic Capital Partners ("Trilantic"), which are accounted for under the cost method of accounting. See Note 9 for further information.

Private Equity – The investments of private equity funds consist primarily of investments in marketable and non-marketable securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The Company determines fair value of non-marketable securities by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-marketable securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds' underlying investments as realized and unrealized gains (losses) within Investment Management Revenue in the Consolidated Statements of Operations.

Affiliates – The Company's equity interests in G5 ǀ Evercore, ABS and Atalanta Sosnoff (after its deconsolidation on December 31, 2015) include its share of the income (losses) within Income (Loss) from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations.

The Company assesses its Equity Method Investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 4 for further information.

The Company also maintains investments in Glisco Manager Holdings LP and Trilantic. See Note 9 for further information.

Goodwill and Intangible Assets, Policy

Goodwill and Intangible Assets – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill recorded by its applicable reporting unit is impaired by comparing the fair value of each reporting unit with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods.

Intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable as prescribed by ASC 360, "Property, Plant, and Equipment" ("ASC 360").

The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting unit multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows.

See Note 4 for further information.

Compensation and Benefits, Policy

Compensation and Benefits – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period.

Share-based Payments, Policy

Share-Based Payments –The Company accounts for share-based payments in accordance with ASC 718, "Compensation – Stock Compensation" ("ASC 718"). See Note 17 for further information.

Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years ("Service-based Awards") is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units ("RSUs") and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs and restricted stock is charged to Employee Compensation and Benefits within the Consolidated Statements of Operations.

Compensation expense is recognized pursuant to performance-based awards if it is probable that the performance condition will be achieved. See Note 17 for a discussion of the awards issued in conjunction with the Company's acquisition of the operating businesses of ISI, as well as the Company's Long-term Incentive Plan.

Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period.

Foreign Currency Translations, Policy

Foreign Currency Translation – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in the foreign currency translation adjustment as a component of Accumulated Other Comprehensive Income (Loss) in the Consolidated Statements of Changes in Equity and Other Comprehensive Income (Loss) in the Consolidated Statements of Comprehensive Income. Exchange gains and losses arising from translating intercompany balances of a long-term investment nature are recorded in the foreign currency translation account while transactional exchange gains and losses are included in Other Revenue, Including Interest on the Consolidated Statements of Operations.

Income Tax, Policy

Income Taxes –The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of its assets and liabilities, as disclosed in Note 20.

Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected on the Company's Consolidated Statements of Financial Condition as deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company's provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company's net deferred tax assets.

The Company adopted ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17") prospectively as of December 31, 2015 and changed its presentation of deferred income tax assets and liabilities on its Consolidated Statements of Financial Condition such that the Company classifies all deferred income tax assets and liabilities as noncurrent. Historically, the Company presented deferred income tax assets and liabilities as current and noncurrent on the Consolidated Statements of Financial Condition.

The Company adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), effective January 1, 2017, which provides amendments to ASC No. 718, "Compensation - Stock Compensation." ASU 2016-09 requires that the tax deduction associated with the appreciation in the Company's share price upon vesting of employee share-based awards above the original grant price be reflected in income tax expense. See Note 3 for further information. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized prospectively in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows.

ASC 740 provides a benefit recognition model with a two-step approach consisting of "more-likely-than-not" recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 20 for further information.

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Business Changes and Developments Business Changes and Developments (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Goodwill

Goodwill associated with the Company's acquisitions is as follows:

	Investment Banking			Investment Management			Total
Balance at December 31, 2014	$	114,007		$	104,225		$	218,232
Acquisitions	5,476			—			5,476
Impairment of Goodwill	—			(28,500		)	(28,500		)
Deconsolidation of Atalanta Sosnoff	—			(27,274		)	(27,274		)
Foreign Currency Translation and Other	(4,207		)	2,734			(1,473		)
Balance at December 31, 2015 (1)	115,276			51,185			166,461
Foreign Currency Translation and Other	(787		)	(4,713		)	(5,500		)
Balance at December 31, 2016 (1)	$	114,489		$	46,472		$	160,961

(1) The amount of the Company's goodwill before accumulated impairment losses of $28,500 was $189,461 and $194,961 at December 31, 2016 and 2015, respectively.

Schedule of Finite-Lived Intangible Assets

Intangible assets associated with the Company's acquisitions are as follows:

	December 31, 2016
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	44,311	$	3,830	$	48,141	$	21,110	$	1,586	$	22,696
Non-compete/Non-solicit Agreements	—		154		154		—		124		124
Other	5,320		445		5,765		1,647		223		1,870
Total	$	49,631	$	4,429	$	54,060	$	22,757	$	1,933	$	24,690
	December 31, 2015
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	50,700	$	6,130	$	56,830	$	17,201	$	3,391	$	20,592
Non-compete/Non-solicit Agreements	—		169		169		—		108		108
Other	5,320		445		5,765		887		167		1,054
Total	$	56,020	$	6,744	$	62,764	$	18,088	$	3,666	$	21,754

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the intangible assets above, as of December 31, 2016, annual amortization of intangibles for each of the next five years is as follows:

2017	$	9,835
2018	$	9,201
2019	$	7,868
2020	$	1,182
2021	$	996

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Related Parties (Tables)

12 Months Ended

Dec. 31, 2016

Related Party Transactions [Abstract]

Schedule Of Receivable From Employees And Related Parties

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2016 and 2015:

	December 31,
	2016		2015
Advances to Employees	$	14,418	$	17,344
Personal Expenses Paid on Behalf of Employees and Related Parties	371		144
Receivable from Affiliates	—		1,266
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	—		213
Reimbursable Expenses Relating to the Private Equity Funds	245		2,222
Receivable from Employees and Related Parties	$	15,034	$	21,189

Schedule Of Payable To Employees And Related Parties

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2016 and 2015:

	December 31,
	2016		2015
Board of Director Fees	$	300	$	200
Amounts Due to U.K. Members	14,865		16,554
Amounts Due Pursuant to Tax Receivable Agreements (a)	12,201		11,638
Payable to Employees and Related Parties	$	27,366	$	28,392

(a) Relates to the current portion of the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $174,109 and $186,036 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2016 and 2015, respectively.

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Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

The amortized cost and estimated fair value of the Company's Marketable Securities as of December 31, 2016 and 2015 were as follows:

	December 31, 2016								December 31, 2015
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Investments	$	6,470	$	—	$	3,945	$	2,525	$	6,463	$	10	$	2,523	$	3,950
Debt Securities Carried by EGL	38,392		77		15		38,454		37,404		94		8		37,490
Investment Funds	23,665		1,854		11		25,508		2,291		155		99		2,347
Total	$	68,527	$	1,931	$	3,971	$	66,487	$	46,158	$	259	$	2,630	$	43,787

Investments Classified by Contractual Maturity Date

Scheduled maturities of the Company's available-for-sale debt securities within the Securities Investments portfolio as of December 31, 2016 and 2015 were as follows:

	December 31, 2016				December 31, 2015
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	—	$	—	$	204	$	204
Due after one year through five years	1,748		1,728		1,537		1,545
Total	$	1,748	$	1,728	$	1,741	$	1,749

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Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase (Tables)

12 Months Ended

Dec. 31, 2016

Banking and Thrift [Abstract]

Schedule Of Financial Instruments Owned And Pledged As Collateral Securities Purchased Under Agreements To Resell And Securities Sold Under Agreements To Repurchase

As of December 31, 2016 and 2015, a summary of the Company's assets, liabilities and collateral received or pledged related to these transactions was as follows:

	December 31, 2016						December 31, 2015
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	18,535					$	41,742
Securities Purchased Under Agreements to Resell	12,585			$	12,601		2,191			$	2,192
Total Assets	$	31,120					$	43,933
Liabilities
Securities Sold Under Agreements to Repurchase	$	(31,150	)	$	(31,155	)	$	(44,000	)	$	(44,063	)

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Investments (Tables)

12 Months Ended

Dec. 31, 2016

Private Equity Funds [Member]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

A summary of the Company's investment in the private equity funds as of December 31, 2016 and 2015 was as follows:

	December 31,
	2016		2015
ECP II	$	933	$	983
Discovery Fund	7,463		6,632
Glisco II	6,897		6,091
Glisco III	529		5,786
CSI Capital	—		35
Trilantic IV	211		2,829
Trilantic V	5,709		4,117
Total Private Equity Funds	$	21,742	$	26,473

Other Equity Method Investments [Member]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

A summary of the Company's other investments accounted for under the equity method of accounting as of December 31, 2016 and 2015 was as follows:

	December 31,
	2016		2015
G5 ǀ Evercore	$	26,016	$	20,730
ABS	38,982		41,567
Atalanta Sosnoff	14,719		23,990
Total	$	79,717	$	86,287

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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Categorization of Investments and Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2016 and 2015:

	December 31, 2016
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	44,630	$	—	$	44,630
Securities Investments (1)	3,794		1,728		—		5,522
Investment Funds	25,508		—		—		25,508
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,535		—		—		18,535
Total Assets Measured At Fair Value	$	47,837	$	46,358	$	—	$	94,195
	December 31, 2015
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	44,144	$	—	$	44,144
Securities Investments (1)	5,200		1,749		—		6,949
Investment Funds	2,347		—		—		2,347
Financial Instruments Owned and Pledged as Collateral at Fair Value	41,742		—		—		41,742
Total Assets Measured At Fair Value	$	49,289	$	45,893	$	—	$	95,182

(1) Includes $9,173 and $9,653 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2016 and 2015, respectively.

Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value

The carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Consolidated Statements of Financial Condition, are listed in the tables below.

			December 31, 2016
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	549,351	$	549,351	$	—	$	—	$	549,351
Securities Purchased Under Agreements to Resell	12,585		—		12,585		—		12,585
Accounts Receivable	230,522		—		230,522		—		230,522
Receivable from Employees and Related Parties	15,034		—		15,034		—		15,034
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Closely-held Equity Security	1,079		—		—		1,079		1,079
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	30,723	$	—	$	30,723	$	—	$	30,723
Securities Sold Under Agreements to Repurchase	31,150		—		31,150		—		31,150
Payable to Employees and Related Parties	27,366		—		27,366		—		27,366
Notes Payable	168,097		—		170,251		—		170,251
Subordinated Borrowings	16,550		—		16,803		—		16,803
			December 31, 2015
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	439,111	$	439,111	$	—	$	—	$	439,111
Securities Purchased Under Agreements to Resell	2,191		—		2,191		—		2,191
Accounts Receivable	175,497		—		175,497		—		175,497
Receivable from Employees and Related Parties	21,189		—		21,189		—		21,189
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Closely-held Equity Security	1,079		—		—		1,079		1,079
Loans Receivable	3,500		—		3,666		—		3,666
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	43,878	$	—	$	43,878	$	—	$	43,878
Securities Sold Under Agreements to Repurchase	44,000		—		44,000		—		44,000
Payable to Employees and Related Parties	28,392		—		28,392		—		28,392
Notes Payable	119,250		—		120,373		—		120,373
Subordinated Borrowings	22,550		—		23,076		—		23,076

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Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Components of Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following:

	December 31,
	2016			2015
Furniture and Equipment	$	27,288		$	20,484
Leasehold Improvements	54,993			52,253
Computer and Computer-related Equipment	23,038			17,899
Total	105,319			90,636
Less: Accumulated Depreciation and Amortization	(53,668		)	(42,656		)
Furniture, Equipment and Leasehold Improvements, Net	$	51,651		$	47,980

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Notes Payable and Subordinated Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Debt

Notes Payable is comprised of the following as of December 31, 2016:

Note	Maturity Date	Effective Annual Interest Rate		Carrying Value as of December 31, 2016 (a)
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	37,597
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,254
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,445
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,801
Total				$	168,097

(a) Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

Schedule Of Future Payments On Notes Payable And Subordinated Borrowings

As of December 31, 2016, the future payments required on the Notes Payable and Subordinated Borrowings, including principal and interest were as follows:

2017	$	9,847
2018	9,847
2019	26,250
2020	8,937
2021	46,010
Thereafter	155,261
Total	$	256,152

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Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2016

Noncontrolling Interest [Abstract]

Changes In Noncontrolling Interest

Changes in Noncontrolling Interest for the years ended December 31, 2016, 2015 and 2014 were as follows:

	For the Years Ended December 31,
	2016			2015			2014
Beginning balance	$	202,664		$	160,952		$	60,577
Comprehensive income (loss):
Net Income Attributable to Noncontrolling Interest	40,984			14,827			20,497
Other comprehensive income (loss)	(3,737		)	(3,886		)	(2,608		)
Total comprehensive income	37,247			10,941			17,889
Evercore LP Units Purchased or Converted into Class A Shares	(16,480		)	(12,012		)	(11,686		)
Amortization and Vesting of LP Units/Interests	81,392			82,734			3,593
Issuance of Noncontrolling Interest for Acquisitions and Investments	—			—			72,344
Other Items:
Distributions to Noncontrolling Interests	(38,154		)	(23,723		)	(10,655		)
Deconsolidation of Atalanta Sosnoff	—			(16,090		)	—
Net Reclassification to/from Redeemable Noncontrolling Interest	—			—			27,477
Issuance of Noncontrolling Interest	885			594			2,449
Purchase of Noncontrolling Interest	(5,225		)	—			—
Deconsolidation of GCP III	(5,808		)	—			—
Other, net	(488		)	(732		)	(1,036		)
Total other items	(48,790		)	(39,951		)	18,235
Ending balance	$	256,033		$	202,664		$	160,952

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Net Income Per Share Attributable to Evercore Inc. Common Shareholders (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Schedule Of Basic And Diluted Net Income Per Share

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the years ended December 31, 2016, 2015 and 2014 are described and presented below.

	For the Years Ended December 31,
	2016		2015		2014
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,220		37,161		35,827
Basic net income per share attributable to Evercore Inc. common shareholders	$	2.74	$	1.15	$	2.42
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(a)		(a)		(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)		(a)		(a)
Diluted net income attributable to Evercore Inc. common shareholders	$	107,528	$	42,863	$	86,874
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,220		37,161		35,827
Assumed exchange of LP Units for Class A Shares	(a)		(a)		(a)
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	2,065		2,162		2,723
Shares that are contingently issuable (b)	2,908		1,747		88
Assumed conversion of Warrants issued (c)	—		2,629		3,205
Diluted weighted average Class A Shares outstanding	44,193		43,699		41,843
Diluted net income per share attributable to Evercore Inc. common shareholders	$	2.43	$	0.98	$	2.08

(a) The Company has outstanding LP Units in its subsidiary, Evercore LP, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the years ended December 31, 2016, 2015 and 2014, the LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 6,397, 6,606 and 5,161for the years ended December 31, 2016, 2015 and 2014, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $18,196, $7,697 and $12,912for the years ended December 31, 2016, 2015 and 2014, respectively. In computing this adjustment, the Company assumes that all vested Class A LP Units and all Class E LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and, that it has adopted a conventional corporate tax structure and is taxed as a C Corporation in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the LP Units will result in a dilutive computation in future periods.

(b) At December 31, 2016 and 2015, the Company has outstanding Class G and H LP Interests which are contingently exchangeable into Class E LP Units, and ultimately Class A Shares, as well as outstanding Class I-P Units which are contingently exchangeable into Class I LP Units, and ultimately Class A Shares, as they are subject to certain performance thresholds being achieved. See Note 17 for a further discussion. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class G and H LP Interests and Class I-P LP Units will be included in diluted weighted average Class A Shares outstanding as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that will be included in diluted weighted average Class A Shares outstanding will be based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period. The Interests/Units that were assumed to be converted to an equal number of Class A Shares for purposes of computing diluted EPS were 2,908 and 1,747 for the years ended December 31, 2016 and 2015, respectively.

(c) In November 2015, Mizuho exercised in full its outstanding Warrants to purchase 5,455 Class A Shares, of which the Company repurchased 2,355 shares.

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Share-Based and Other Deferred Compensation Share Based and Other Deferred Compensation (Tables)

12 Months Ended

Dec. 31, 2016

2006 and 2016 Stock Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Nonvested Share Activity [Table Text Block]

The following table summarizes activity related to Service-based Awards during the year ended December 31, 2016:

	Service-based Awards
	Number of Shares		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	5,634		$	261,603
Granted	4,044		208,833
Modified	—		—
Forfeited	(181	)	(8,758		)
Vested	(2,609	)	(115,230		)
Unvested Balance at December 31, 2016	6,888		$	346,448

Evercore ISI [Member] | Acquisition Related [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Nonvested Share Activity [Table Text Block]

The following tables summarize activity related to the Acquisition-related Awards for the Company's equities business during the year ended December 31, 2016. In these tables, awards whose performance conditions have not yet been achieved are reflected as unvested:

	Class E LP Units
	Number of Units		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	771		$	39,525
Granted	4		203
Modified	—		—
Forfeited	(5	)	(270		)
Vested/Performance Achieved	(389	)	(19,755		)
Unvested Balance at December 31, 2016	381		$	19,703

	Class G LP Interests					Class H LP Interests
	Number of Interests		Grant Date Weighted Average Fair Value			Number of Interests		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2016	1,075		$	55,623		4,083		$	211,365
Granted	6		308			33		1,752
Modified	—		—			—		—
Forfeited	(6	)	(303		)	(33	)	(1,729		)
Vested/Performance Achieved	(364	)	(18,811		)	(37	)	(1,933		)
Unvested Balance at December 31, 2016	711		$	36,817		4,046		$	209,455

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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

As of December 31, 2016, the approximate aggregate minimum future payments required on the operating leases are as follows:

2017	$	33,335
2018	32,677
2019	32,105
2020	30,241
2021	27,299
Thereafter	36,036
Total	$	191,693

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following table presents the U.S. and non-U.S. components of Income before income tax expense:

	For the Years Ended December 31,
	2016		2015		2014
U.S.	$	204,920	$	81,157	$	124,747
Non-U.S.	21,911		38,736		30,883
Income before Income Tax Expense (a)	$	226,831	$	119,893	$	155,630

(a) Net of Noncontrolling Interest.

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 consist of:

	For the Years Ended December 31,
	2016			2015			2014
Current:
Federal	$	79,596		$	56,064		$	33,814
Foreign	10,832			9,798			10,513
State and Local	18,832			14,795			10,114
Total Current	109,260			80,657			54,441
Deferred:
Federal	11,510			(1,196		)	15,104
Foreign	(1,439		)	659			(3,080		)
State and Local	(28		)	(3,090		)	2,291
Total Deferred	10,043			(3,627		)	14,315
Total	$	119,303		$	77,030		$	68,756

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the federal statutory income tax rate and the Company's effective income tax rate for the years ended December 31, 2016, 2015 and 2014 is as follows:

	For the Years Ended December 31,
	2016		2015		2014
Reconciliation of Federal Statutory Tax Rates:
U.S. Statutory Tax Rate	35.0	%	35.0	%	35.0	%
Increase Due to State and Local Taxes	4.8	%	7.0	%	6.0	%
Rate Benefits as a Limited Liability Company/Flow Through	(5.9	)%	(5.9	)%	(4.2	)%
Foreign Taxes	0.7	%	1.5	%	0.4	%
Non-Deductible Expenses (1)	9.9	%	19.9	%	1.1	%
Valuation Allowances	—	%	—	%	0.9	%
Other Adjustments	—	%	(0.3	)%	(0.2	)%
Effective Income Tax Rate	44.5	%	57.2	%	39.0	%

(1) Primarily related to non-deductible share-based compensation expense.

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the Consolidated Statements of Financial Condition. These temporary differences result in taxable or deductible amounts in future years. Details of the Company's deferred tax assets and liabilities as of December 31, 2016 and 2015 were as follows:

	December 31,
	2016			2015
Deferred Tax Assets:
Depreciation and Amortization	$	31,475		$	29,498
Compensation and Benefits	54,410			35,120
Step up in tax basis due to the exchange of LP Units for Class A Shares	202,257			215,827
Other	44,065			38,349
Total Deferred Tax Assets	$	332,207		$	318,794
Deferred Tax Liabilities:
Goodwill, Intangible Assets and Other	$	25,273		$	19,169
Total Deferred Tax Liabilities	$	25,273		$	19,169
Net Deferred Tax Assets Before Valuation Allowance	$	306,934		$	299,625
Valuation Allowance	(1,510		)	(1,510		)
Net Deferred Tax Assets	$	305,424		$	298,115

Summary of Income Tax Contingencies

A reconciliation of the changes in tax positions for the years ended December 31, 2016, 2015 and 2014 is as follows:

	December 31,
	2016		2015		2014
Beginning unrecognized tax benefit	$	—	$	—	$	624
Additions for tax positions of prior years	—		—		276
Reductions for tax positions of prior years	—		—		—
Lapse of Statute of Limitations	—		—		(98		)
Decrease due to settlement with Taxing Authority	—		—		(802		)
Ending unrecognized tax benefit	$	—	$	—	$	—

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Segment Operating Results (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment's contribution.

	For the Years Ended December 31,
	2016		2015			2014
Investment Banking
Net Revenues (1)	$	1,363,859	$	1,130,915		$	819,637
Operating Expenses	1,020,327		869,301			632,927
Other Expenses (2)	92,172		108,739			25,109
Operating Income	251,360		152,875			161,601
Income from Equity Method Investments	1,370		978			495
Pre-Tax Income	$	252,730	$	153,853		$	162,096
Identifiable Segment Assets	$	1,302,351	$	1,097,373		$	934,648
Investment Management
Net Revenues (1)	$	76,193	$	92,358		$	96,221
Operating Expenses	57,379		77,231			86,547
Other Expenses (2)	9,000		39,332			328
Operating Income (Loss)	9,814		(24,205		)	9,346
Income from Equity Method Investments	5,271		5,072			4,685
Pre-Tax Income (Loss)	$	15,085	$	(19,133	)	$	14,031
Identifiable Segment Assets	$	359,995	$	381,798		$	511,908
Total
Net Revenues (1)	$	1,440,052	$	1,223,273		$	915,858
Operating Expenses	1,077,706		946,532			719,474
Other Expenses (2)	101,172		148,071			25,437
Operating Income	261,174		128,670			170,947
Income from Equity Method Investments	6,641		6,050			5,180
Pre-Tax Income	$	267,815	$	134,720		$	176,127
Identifiable Segment Assets	$	1,662,346	$	1,479,171		$	1,446,556

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Years Ended December 31,
	2016			2015			2014
Investment Banking (A)	$	(239	)	$	(2,945	)	$	(1,722	)
Investment Management (B)	386			(2,771		)	(2,530		)
Total Other Revenue, net	$	147		$	(5,716	)	$	(4,252	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Notes Payable, subordinated borrowings and the line of credit of $9,578, $6,041 and $4,470for the years ended December 31, 2016, 2015 and 2014, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Notes Payable and the line of credit of $670, $3,576 and $3,770for the years ended December 31, 2016, 2015 and 2014, respectively.

(2) Other Expenses are as follows:

	For the Years Ended December 31,
	2016			2015		2014
Investment Banking
Amortization of LP Units / Interests and Certain Other Awards	$	80,846		$	83,673	$	3,399
Other Acquisition Related Compensation Charges	—			1,537		7,939
Special Charges	—			2,151		4,893
Professional Fees	—			—		1,672
Acquisition and Transition Costs	(692		)	4,879		4,712
Fair Value of Contingent Consideration	1,107			2,704		—
Intangible Asset and Other Amortization	10,911			13,795		2,494
Total Investment Banking	92,172			108,739		25,109
Investment Management
Special Charges	8,100			38,993		—
Acquisition and Transition Costs	791			11		—
Intangible Asset and Other Amortization	109			328		328
Total Investment Management	9,000			39,332		328
Total Other Expenses	$	101,172		$	148,071	$	25,437

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company's revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Years Ended December 31,
	2016		2015		2014
Net Revenues: (1)
United States	$	1,056,796	$	900,672	$	608,631
Europe and Other	338,285		287,884		248,815
Latin America	44,824		40,433		62,664
Total	$	1,439,905	$	1,228,989	$	920,110

(1) Excludes Other Revenue and Interest Expense

Assets by Geographic Areas

The Company's total assets are located in the following geographical areas:

	December 31,
	2016		2015
Total Assets:
United States	$	1,376,101	$	1,135,570
Europe and Other	190,380		221,358
Latin America	95,865		122,243
Total	$	1,662,346	$	1,479,171

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Evercore Inc. (Parent Company Only) Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Evercore Inc. (Parent Company Only) Condensed Statements Of Financial Condition

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

	December 31,
	2016			2015
ASSETS
Equity Investment in Subsidiary	$	598,279		$	534,258
Deferred Tax Asset	291,827			287,281
Goodwill	15,236			15,236
TOTAL ASSETS	$	905,342		$	836,775
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	12,201		$	11,638
Taxes Payable	21,341			14,761
Other Current Liabilities	2,296			538
Total Current Liabilities	35,838			26,937
Amounts Due Pursuant to Tax Receivable Agreement	174,109			186,036
Long-term Debt - Notes Payable	168,097			119,250
TOTAL LIABILITIES	378,044			332,223
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 58,292,567 and 55,249,559 issued at December 31, 2016 and 2015, respectively, and 39,190,856 and 39,623,271 outstanding at December 31, 2016 and 2015, respectively)	582			552
Class B, par value $0.01 per share (1,000,000 shares authorized, 24 and 25 issued and outstanding at December 31, 2016 and 2015, respectively)	—			—
Additional Paid-In-Capital	1,368,122			1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096		)	(34,539		)
Retained Earnings (Deficit)	20,343			(27,791		)
Treasury Stock at Cost (19,101,711 and 15,626,288 shares at December 31, 2016 and 2015, respectively)	(811,653		)	(644,412		)
TOTAL STOCKHOLDERS' EQUITY	527,298			504,552
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	905,342		$	836,775

See notes to parent company only financial statements.

Evercore Inc. (Parent Company Only) Condensed Statements Of Operations

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS

	For the Years Ended December 31,
	2016		2015		2014
REVENUES
Interest Income	$	8,385	$	7,818	$	8,341
TOTAL REVENUES	8,385		7,818		8,341
Interest Expense	8,385		7,818		8,341
NET REVENUES	—		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		—
Equity in Income of Subsidiary	209,841		103,931		141,612
Provision for Income Taxes	102,313		61,068		54,738
NET INCOME	$	107,528	$	42,863	$	86,874

See notes to parent company only financial statements.

Evercore Inc. (Parent Company Only) Condensed Statements Of Cash Flows

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
	2016			2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	107,528		$	42,863		$	86,874
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(209,841		)	(103,931		)	(141,612		)
Deferred Taxes	12,453			(1,685		)	(15,887		)
Accretion on Long-term Debt	180			1,603			2,000
(Increase) Decrease in Operating Assets:
Other Assets	—			3,402			3,255
Increase (Decrease) in Operating Liabilities:
Taxes Payable	6,580			14,761			—
Net Cash Provided by (Used in) Operating Activities	(83,100		)	(42,987		)	(65,370		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	84,658			82,703			105,600
Net Cash Provided by Investing Activities	84,658			82,703			105,600
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of Evercore LP Units	—			—			(1,476		)
Exercise of Warrants, Net	—			6,416			—
Payment of Notes Payable - Mizuho	(120,000		)	—			—
Issuance of Notes Payable	170,000			—			—
Dividends	(51,558		)	(46,132		)	(38,754		)
Net Cash Provided by (Used in) Financing Activities	(1,558		)	(39,716		)	(40,230		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year	—			—			—
CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—
SUPPLEMENTAL CASH FLOW DISCLOSURE
Dividend Equivalents Issued	$	7,836		$	6,514		$	6,038
Exchange of Notes Payable as Consideration for Exercise of Warrants	$	—		$	118,347		$	—

See notes to parent company only financial statements.

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Supplemental Financial Information Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Supplemental Financial Information

The following represents the Company's unaudited quarterly results for the years ended December 31, 2016 and 2015. These quarterly results were prepared in accordance with U.S. GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results.

	For the Three Months Ended
	December 31, 2016		September 30, 2016		June 30, 2016		March 31, 2016
Net Revenues	$	445,369	$	386,314	$	350,656	$	257,713
Total Expenses	348,010		301,229		288,051		241,588
Income Before Income from Equity Method Investments and Income Taxes	97,359		85,085		62,605		16,125
Income from Equity Method Investments	2,512		1,178		1,664		1,287
Income Before Income Taxes	99,871		86,263		64,269		17,412
Provision for Income Taxes	39,913		38,980		30,676		9,734
Net Income	59,958		47,283		33,593		7,678
Net Income Attributable to Noncontrolling Interest	16,530		12,588		9,506		2,360
Net Income Attributable to Evercore Inc.	$	43,428	$	34,695	$	24,087	$	5,318
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	1.11	$	0.89	$	0.61	$	0.13
Diluted	$	0.98	$	0.79	$	0.55	$	0.12
Dividends Declared Per Share of Class A Common Stock	$	0.34	$	0.31	$	0.31	$	0.31

	For the Three Months Ended
	December 31, 2015		September 30, 2015			June 30, 2015		March 31, 2015
Net Revenues	$	408,243	$	308,951		$	268,096	$	237,983
Total Expenses	333,580		297,053			236,985		226,985
Income Before Income from Equity Method Investments and Income Taxes	74,663		11,898			31,111		10,998
Income from Equity Method Investments	2,016		929			1,998		1,107
Income Before Income Taxes	76,679		12,827			33,109		12,105
Provision for Income Taxes	46,703		7,392			16,723		6,212
Net Income	29,976		5,435			16,386		5,893
Net Income (Loss) Attributable to Noncontrolling Interest	9,374		(1,762		)	5,622		1,593
Net Income Attributable to Evercore Inc.	$	20,602	$	7,197		$	10,764	$	4,300
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	0.53	$	0.20		$	0.30	$	0.12
Diluted	$	0.45	$	0.16		$	0.26	$	0.10
Dividends Declared Per Share of Class A Common Stock	$	0.31	$	0.28		$	0.28	$	0.28

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Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Minimum [Member]
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Maximum [Member]
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
LP Units [Member]
Significant Accounting Policies [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1
Variable Interest Entity, Primary Beneficiary [Member]
Significant Accounting Policies [Line Items]
Consolidated Assets	$ 116,958	$ 151,583
Consolidated Liabilities	$ 90,260	$ 110,424

XML

Business Changes and Developments - Additional Information (Details) € in Thousands, $ in Thousands				3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2015 USD ($)	Jul. 02, 2015 EUR (€)	Jul. 02, 2015 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Nov. 30, 2016 USD ($)
Business Acquisition [Line Items]
Equity Method Investment	$ 86,287					$ 79,717	$ 86,287
Cost Method Investments	1,079						1,079
Goodwill, Acquired During Period							5,476
Amortization of Intangible Assets						11,640	17,458	$ 8,007
Impairment of Goodwill							28,500
Goodwill, Impairment Loss, Net of Tax							9,785
Kuna & Co [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired (as a percent)			100.00%
Business Combination, Consideration Transferred			$ 8,400
Payments to Acquire Businesses, Gross		€ 3,000	3,335
Business Acquisitions Contingent Consideration Potential Cash Payment	$ 2,221					$ 2,225	$ 2,221
Goodwill, Acquired During Period			5,476
Atalanta Sosnoff [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage (as a percent)	49.00%					49.00%	49.00%
Discount Rate, Equity Method Investment Valuation (as a percent)									15.50%
Compound Annual Growth Rate, Revenue (as a percent)									6.00%
Equity Method Investment	$ 23,990					$ 14,719	$ 23,990		$ 14,730
Company Seats on Management Committee	1						3
Total Seats on Management Committee	3						5
Equity Method Investment, Equity Interest (as a percent)	56.30%						56.30%
Value of Assets Deconsolidated							$ 4,726
Liabilities Deconsolidated						0	2,074	0
Goodwill, Period Increase (Decrease)							(27,274)
Finite-Lived Intangible Assets, Period Increase (Decrease)							(13,924)
Noncontrolling Interest, Decrease from Deconsolidation							16,090
Temporary Equity, Other Changes							(2,683)
Atalanta Sosnoff [Member] | Special Charges [Member]
Business Acquisition [Line Items]
Conversion of Profits Interests Charge							6,333
Deconsolidation, Gain (Loss), Amount							(812)
Glisco [Member]
Business Acquisition [Line Items]
Value of Assets Deconsolidated					$ 8,302
Liabilities Deconsolidated					2,343	2,343	0	$ 0
Management Fee Period				10 years
Number Of Successor Funds Returning Carried Interest				2
Percent Ownership Of Carried Interest (as a percent)				20.00%
Operational Support Period				18 months
Cost Method Investments				$ 2,519	2,519	2,463
Glisco [Member] | Other Income [Member]
Business Acquisition [Line Items]
Deconsolidation, Gain (Loss), Amount						406
GCP III [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Decrease from Deconsolidation					$ 5,808	5,808
Contingent Cash Consideration [Member] | Kuna & Co [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		2,000	$ 2,223
Contingent Cash Consideration Payable Each Year [Member] | Kuna & Co [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross | €		€ 500
Deferred Compensation, Vesting Period (in years)		4 years	4 years
Investment Management [Member]
Business Acquisition [Line Items]
Equity Method Investment, Other than Temporary Impairment, Net of Tax						3,980
Investment Management [Member] | Special Charges [Member]
Business Acquisition [Line Items]
Equity Method Investment, Other than Temporary Impairment						8,100
Impairment of Goodwill							28,500
Investment Banking [Member] | Kuna & Co [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		1 year	1 year
Amortization of Intangible Assets						$ 689	$ 2,211
Investment Banking [Member] | Advisory Backlog [Member] | Kuna & Co [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 2,900

XML

Business Changes and Developments - Goodwill Associated with Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Balance at beginning of period	$ 166,461	$ 218,232
Acquisitions		5,476
Impairment of Goodwill		(28,500)
Deconsolidation of Atalanta Sosnoff		(27,274)
Foreign Currency Translation and Other	(5,500)	(1,473)
Balance at end of period	160,961	166,461
Goodwill, Gross	189,461	194,961
Goodwill, Impaired, Accumulated Impairment Loss	28,500
Investment Banking [Member]
Goodwill [Roll Forward]
Balance at beginning of period	115,276	114,007
Acquisitions		5,476
Impairment of Goodwill		0
Deconsolidation of Atalanta Sosnoff		0
Foreign Currency Translation and Other	(787)	(4,207)
Balance at end of period	114,489	115,276
Investment Management [Member]
Goodwill [Roll Forward]
Balance at beginning of period	51,185	104,225
Acquisitions		0
Impairment of Goodwill		(28,500)
Deconsolidation of Atalanta Sosnoff		(27,274)
Foreign Currency Translation and Other	(4,713)	2,734
Balance at end of period	$ 46,472	$ 51,185

XML

Business Changes and Developments - Intangible Assets Associated with Acquisitions (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 54,060	$ 62,764
Accumulated Amortization	24,690	21,754
Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	49,631	56,020
Accumulated Amortization	22,757	18,088
Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,429	6,744
Accumulated Amortization	1,933	3,666
Client Related [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	48,141	56,830
Accumulated Amortization	22,696	20,592
Client Related [Member] | Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	44,311	50,700
Accumulated Amortization	21,110	17,201
Client Related [Member] | Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,830	6,130
Accumulated Amortization	1,586	3,391
Non Compete Non Solicit Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	154	169
Accumulated Amortization	124	108
Non Compete Non Solicit Agreements [Member] | Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	0
Accumulated Amortization	0	0
Non Compete Non Solicit Agreements [Member] | Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	154	169
Accumulated Amortization	124	108
Other Intangible Assets Associated With Acquisition [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,765	5,765
Accumulated Amortization	1,870	1,054
Other Intangible Assets Associated With Acquisition [Member] | Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,320	5,320
Accumulated Amortization	1,647	887
Other Intangible Assets Associated With Acquisition [Member] | Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	445	445
Accumulated Amortization	$ 223	$ 167

XML

Business Changes and Developments - Annual Amortization of Intangibles for Next Five Years (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Business Combinations [Abstract]
2017	$ 9,835
2018	9,201
2019	7,868
2020	1,182
2021	$ 996

XML

Acquisition and Transition Costs and Special Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Acquisition and Transition Costs	$ 99	$ 4,890	$ 5,828
Special Charges	8,100	41,144	$ 4,893
Impairment of Goodwill		28,500
Operating Expense [Member]
Business Acquisition [Line Items]
Reversal Of Provision	$ 733
Special Charges [Member]
Business Acquisition [Line Items]
Charges from Restructuring of Investment		7,145
Separation Benefits and Costs for Termination of Contracts		2,151
Costs Associated with the Wind-down of US PE		3,348
Special Charges [Member] | Institutional Asset Management [Member]
Business Acquisition [Line Items]
Impairment of Goodwill		$ 28,500

XML

Related Parties - Additional Informationl (Details) - USD ($)	1 Months Ended		12 Months Ended
	Feb. 28, 2017	Apr. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Payment For Expenses On Behalf Of Private Equity Funds			$ 658,000	$ 1,795,000	$ 1,282,000
Subordinated Borrowings			16,550,000	22,550,000
Subordinated Debt [Member]
Related Party Transaction [Line Items]
Extinguishment of Debt, Amount		$ 6,000,000
Subordinated Debt [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Extinguishment of Debt, Amount	$ 6,000,000
Other Assets [Member]
Related Party Transaction [Line Items]
Due from Related Parties, Noncurrent			17,862,000	6,967,000
Investment Management [Member] | Private Equity Fund [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			10,170,000	$ 8,876,000	10,302,000
Investment Banking [Member] | Director [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			$ 13,312,000		$ 1,251,000

XML

Related Parties - Receivable From Employees and Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Advances to Employees	$ 14,418	$ 17,344
Personal Expenses Paid on Behalf of Employees and Related Parties	371	144
Receivable from Affiliates	0	1,266
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	0	213
Reimbursable Expenses Relating to the Private Equity Funds	245	2,222
Receivable from Employees and Related Parties	$ 15,034	$ 21,189

XML

Related Parties - Payable to Employees and Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Board of Director Fees	$ 300	$ 200
Amounts Due to U.K. Members	14,865	16,554
Amounts Due Pursuant to Tax Receivable Agreements (a)	12,201	11,638
Amounts Due to Employees	27,366	28,392
Amounts Due Pursuant to Tax Receivable Agreements	$ 174,109	$ 186,036

XML

Marketable Securities - Amortized Cost and Estimated Fair Value of Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Securities Investments
Cost	$ 68,527	$ 46,158
Gross Unrealized Gains	1,931	259
Gross Unrealized Losses	3,971	2,630
Fair Value	66,487	43,787
Securities Investments [Member]
Securities Investments
Cost	6,470	6,463
Gross Unrealized Gains	0	10
Gross Unrealized Losses	3,945	2,523
Fair Value	2,525	3,950
Debt Securities Carried by EGL [Member]
Securities Investments
Cost	38,392	37,404
Gross Unrealized Gains	77	94
Gross Unrealized Losses	15	8
Fair Value	38,454	37,490
Investment Funds [Member]
Securities Investments
Cost	23,665	2,291
Gross Unrealized Gains	1,854	155
Gross Unrealized Losses	11	99
Fair Value	$ 25,508	$ 2,347

XML

Marketable Securities - Scheduled Maturities of Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Due within one year, amortized cost	$ 0	$ 204
Due after one year through five years, amortized cost	1,748	1,537
Total, amortized cost	1,748	1,741
Due within one year, fair value	0	204
Due after one year through five years, fair value	1,728	1,545
Total, fair value	$ 1,728	$ 1,749

XML

Marketable Securities - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Securities Investments [Member]
Schedule Of Marketable Securities [Line Items]
Marketable securities, realized gains (losses)	$ (46)	$ (47)	$ 856
Debt Securities Carried by EGL [Member]
Schedule Of Marketable Securities [Line Items]
Marketable securities, realized and unrealized gains (losses)	(937)	(556)	(550)
Investment Funds [Member]
Schedule Of Marketable Securities [Line Items]
Marketable securities, realized and unrealized gains (losses)	$ 2,128	$ (26)	$ 138

XML

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Additional Information (Details)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Securities Average Estimated Maturity Period (in years)	1 year 4 months 17 days
Confidence Level Value At Risk	98.00%
Value At Risk Threshold	0.10%

XML

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Summary of Assets, Liabilities and Collateral Received or Pledged (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	$ 18,535	$ 41,742
Securities Purchased Under Agreements to Resell	12,585	2,191
Securities Sold Under Agreements to Repurchase	(31,150)	(44,000)
Asset (Liability) Balance [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	18,535	41,742
Securities Purchased Under Agreements to Resell	12,585	2,191
Total Assets	31,120	43,933
Securities Sold Under Agreements to Repurchase	(31,150)	(44,000)
Market Value of Collateral Received or (Pledged) [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities Purchased Under Agreements to Resell	12,601	2,192
Securities Sold Under Agreements to Repurchase	$ (31,155)	$ (44,063)

XML

Investments - Additional Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 01, 2017	Nov. 30, 2016	Dec. 31, 2013	Dec. 31, 2010
Schedule of Investments [Line Items]
Equity Method Investment	$ 79,717,000				$ 86,287,000				$ 79,717,000	$ 86,287,000
Marketable Securities	66,487,000				43,787,000				66,487,000	43,787,000
Net Realized and Unrealized Gains (Losses) on Private Equity Fund Investments, Including Performance Fees									7,616,000	5,086,000	$ 7,858,000
Previously Received Carried Interest Subject to Repayment	1,400,000								1,400,000
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	9,889,000								9,889,000
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	12,232,000								12,232,000
Unfunded Commitments for Capital Contributions	4,624,000								4,624,000
Participation in Successor Funds	12,000,000								12,000,000
Cost Method Investments					1,079,000					1,079,000
Income (Loss) From Equity Method Investments	2,512,000	$ 1,178,000	$ 1,664,000	$ 1,287,000	2,016,000	$ 929,000	$ 1,998,000	$ 1,107,000	6,641,000	6,050,000	5,180,000
Amortization of Intangible Assets									11,640,000	17,458,000	8,007,000
Investment Management [Member]
Schedule of Investments [Line Items]
Income (Loss) From Equity Method Investments									5,271,000	5,072,000	4,685,000
Special Charges [Member] | Investment Management [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Other than Temporary Impairment									8,100,000
ECP II [Member]
Schedule of Investments [Line Items]
Distribution Made to Limited Partner, Cash Distributions Paid										3,000,000
Trilantic IV [Member]
Schedule of Investments [Line Items]
Distribution Made to Limited Partner, Cash Distributions Paid									3,320,000	2,907,000
Glisco II [Member]
Schedule of Investments [Line Items]
Distribution Made to Limited Partner, Cash Distributions Paid										3,194,000
CSI Capital [Member]
Schedule of Investments [Line Items]
Distribution Made to Limited Partner, Cash Distributions Paid										2,909,000
Trilantic [Member]
Schedule of Investments [Line Items]
Issued LP Units (in shares)															500,000
Limited Partnership Investment															$ 16,090,000
Glisco [Member]
Schedule of Investments [Line Items]
Percent Ownership Of Carried Interest (as a percent)		20.00%
Cost Method Investments	2,463,000	$ 2,519,000							2,463,000
G5 Evercore [Member]
Schedule of Investments [Line Items]
Equity Method Investment	$ 26,016,000				20,730,000				$ 26,016,000	20,730,000
Equity Method Investment, Ownership Percentage (as a percent)	49.00%								49.00%
Income (Loss) From Equity Method Investments									$ 1,154,000	662,000	(48,000)
ABS [Member]
Schedule of Investments [Line Items]
Equity Method Investment	$ 38,982,000				41,567,000				$ 38,982,000	41,567,000
Equity Method Investment, Ownership Percentage (as a percent)	45.00%								45.00%
Income (Loss) From Equity Method Investments									$ 4,913,000	5,388,000	5,228,000
Atalanta Sosnoff [Member]
Schedule of Investments [Line Items]
Equity Method Investment	$ 14,719,000				$ 23,990,000				$ 14,719,000	$ 23,990,000			$ 14,730,000
Equity Method Investment, Ownership Percentage (as a percent)	49.00%				49.00%				49.00%	49.00%
Income (Loss) From Equity Method Investments									$ 574,000
Luminis [Member] | Subsequent Event [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage (as a percent)												19.00%
Minimum [Member] | ECP II [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Investments [Line Items]
Percent Ownership Of Carried Interest (as a percent)									8.00%
Maximum [Member] | ECP II [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Investments [Line Items]
Percent Ownership Of Carried Interest (as a percent)									9.00%
Trilantic [Member]
Schedule of Investments [Line Items]
Investment	$ 11,632,000				$ 12,812,000				$ 11,632,000	$ 12,812,000
Trilantic [Member] | Trilantic IV [Member]
Schedule of Investments [Line Items]
Investment	50,000				8,000				50,000	8,000				$ 1,120,000
Trilantic [Member] | Trilantic V [Member]
Schedule of Investments [Line Items]
Investment	1,130,000				636,000				1,130,000	636,000	689,000			$ 825,000
Capital Commitment	5,000,000								5,000,000
Unfunded Commitments for Capital Contributions	2,041,000								2,041,000
Equity Method Investments [Member]
Schedule of Investments [Line Items]
Amortization of Intangible Assets									3,533,000	2,484,000	$ 2,586,000
Private Equity Funds [Member]
Schedule of Investments [Line Items]
Equity Method Investment	21,742,000				26,473,000				21,742,000	26,473,000
Private Equity Funds [Member] | ECP II [Member]
Schedule of Investments [Line Items]
Equity Method Investment	933,000				983,000				933,000	983,000
Cash	852,000								852,000
Marketable Securities	81,000								81,000
Private Equity Funds [Member] | Trilantic V [Member]
Schedule of Investments [Line Items]
Equity Method Investment	$ 5,709,000				$ 4,117,000				$ 5,709,000	$ 4,117,000

XML

Investments - Summary of Investment in Private Equity Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 79,717	$ 86,287
Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	21,742	26,473
ECP II [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	933	983
Discovery Fund [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	7,463	6,632
Glisco II [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	6,897	6,091
Glisco III [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	529	5,786
CSI Capital [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	0	35
Trilantic IV [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	211	2,829
Trilantic V [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 5,709	$ 4,117

XML

Investments - Summary of Other Equity Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Nov. 30, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 79,717		$ 86,287
G5 Evercore [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	26,016		20,730
ABS [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	38,982		41,567
Atalanta Sosnoff [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 14,719	$ 14,730	$ 23,990

XML

Fair Value Measurements - Additional Information (Details) - Level III [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Institutional Asset Management [Member] | Goodwill [Member]
Fair Value Measurements, Nonrecurring [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		$ 66,200
Atalanta Sosnoff [Member] | Equity Method Investments [Member]
Fair Value Measurements, Nonrecurring [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 14,730

XML

Fair Value Measurements - Categorization of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	$ 94,195	$ 95,182
Corporate Bonds, Municipal Bonds and Other Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	44,630	44,144
Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	5,522	6,949
Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	25,508	2,347
Financial Instruments Owned and Pledged as Collateral at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	18,535	41,742
Treasury Bills, Municipal Bonds and Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	9,173	9,653
Level I [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	47,837	49,289
Cash and Cash Equivalents	549,351	439,111
Level I [Member] | Corporate Bonds, Municipal Bonds and Other Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Level I [Member] | Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	3,794	5,200
Level I [Member] | Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	25,508	2,347
Level I [Member] | Financial Instruments Owned and Pledged as Collateral at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	18,535	41,742
Level II [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	46,358	45,893
Cash and Cash Equivalents	0	0
Level II [Member] | Corporate Bonds, Municipal Bonds and Other Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	44,630	44,144
Level II [Member] | Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	1,728	1,749
Level II [Member] | Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Level II [Member] | Financial Instruments Owned and Pledged as Collateral at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Level III [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Cash and Cash Equivalents	0	0
Level III [Member] | Corporate Bonds, Municipal Bonds and Other Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Level III [Member] | Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Level III [Member] | Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	0	0
Level III [Member] | Financial Instruments Owned and Pledged as Collateral at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	$ 0	$ 0

XML

Fair Value Measurements - Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Level I [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	$ 549,351	$ 439,111
Securities Purchased Under Agreements to Resell	0	0
Accounts Receivable	0	0
Receivable from Employees and Related Parties	0	0
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Closely-held Equity Security	0	0
Loans Receivable		0
Accounts Payable and Accrued Expenses	0	0
Securities Sold Under Agreements to Repurchase	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Subordinated Borrowings	0	0
Level II [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	0	0
Securities Purchased Under Agreements to Resell	12,585	2,191
Accounts Receivable	230,522	175,497
Receivable from Employees and Related Parties	15,034	21,189
Assets Segregated for Bank Regulatory Requirements	0	0
Closely-held Equity Security	0	0
Loans Receivable		3,666
Accounts Payable and Accrued Expenses	30,723	43,878
Securities Sold Under Agreements to Repurchase	31,150	44,000
Payable to Employees and Related Parties	27,366	28,392
Notes Payable	170,251	120,373
Subordinated Borrowings	16,803	23,076
Level III [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	0	0
Securities Purchased Under Agreements to Resell	0	0
Accounts Receivable	0	0
Receivable from Employees and Related Parties	0	0
Assets Segregated for Bank Regulatory Requirements	0	0
Closely-held Equity Security	1,079	1,079
Loans Receivable		0
Accounts Payable and Accrued Expenses	0	0
Securities Sold Under Agreements to Repurchase	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Subordinated Borrowings	0	0
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	549,351	439,111
Securities Purchased Under Agreements to Resell	12,585	2,191
Accounts Receivable	230,522	175,497
Receivable from Employees and Related Parties	15,034	21,189
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Closely-held Equity Security	1,079	1,079
Loans Receivable		3,500
Accounts Payable and Accrued Expenses	30,723	43,878
Securities Sold Under Agreements to Repurchase	31,150	44,000
Payable to Employees and Related Parties	27,366	28,392
Notes Payable	168,097	119,250
Subordinated Borrowings	16,550	22,550
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	549,351	439,111
Securities Purchased Under Agreements to Resell	12,585	2,191
Accounts Receivable	230,522	175,497
Receivable from Employees and Related Parties	15,034	21,189
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Closely-held Equity Security	1,079	1,079
Loans Receivable		3,666
Accounts Payable and Accrued Expenses	30,723	43,878
Securities Sold Under Agreements to Repurchase	31,150	44,000
Payable to Employees and Related Parties	27,366	28,392
Notes Payable	170,251	120,373
Subordinated Borrowings	$ 16,803	$ 23,076

XML

Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation and Amortization Expense	$ 13,160	$ 10,469	$ 8,256

XML

Furniture, Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Furniture and Equipment	$ 27,288	$ 20,484
Leasehold Improvements	54,993	52,253
Computer and Computer-related Equipment	23,038	17,899
Total	105,319	90,636
Less: Accumulated Depreciation and Amortization	(53,668)	(42,656)
Furniture, Equipment and Leasehold Improvements, Net	$ 51,651	$ 47,980

XML

Notes Payable and Subordinated Borrowings - Additional Information (Details) - USD ($)	1 Months Ended		12 Months Ended
	Feb. 28, 2017	Apr. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Notes Payable [Line Items]
Minimum Repayment of Aggregate Principal Amount of Senior Notes (as a percent)			5.00%
Outstanding Principal Amount of Senior Notes (as a percent)			100.00%
Subordinated Borrowing, Interest Rate (as a percent)			5.50%
Subordinated Borrowings			$ 16,550,000	$ 22,550,000
Subordinated Debt [Member]
Notes Payable [Line Items]
Extinguishment of Debt, Amount		$ 6,000,000
Subordinated Debt [Member] | Subsequent Event [Member]
Notes Payable [Line Items]
Extinguishment of Debt, Amount	$ 6,000,000

XML

Notes Payable and Subordinated Borrowings - Schedule of Debt (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Series A Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.16%
Carrying Value	$ 37,597
Series B Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.44%
Carrying Value	$ 66,254
Series C Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.64%
Carrying Value	$ 47,445
Series D Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.72%
Carrying Value	$ 16,801
Senior Notes [Member]
Debt Instrument [Line Items]
Carrying Value	$ 168,097

XML

Notes Payable and Subordinated Borrowings - Schedule of Future Payments (Details) - Senior Notes And Subordinated Debt [Member] $ in Thousands	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
2017	$ 9,847
2018	9,847
2019	26,250
2020	8,937
2021	46,010
Thereafter	155,261
Total	$ 256,152

XML

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Maximum Annual Contributions Per Employee (as a percent)	10.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 3,524	$ 3,808	$ 4,167
Pension Contributions, Percent of Employees Salary (as a percent)	5.00%
Pension Contributions	$ 82
Minimum [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan Annual Contribution Percentage of Employees Salary (as a percent)	15.00%
Defined Contribution Plan Contribution Percentage By Employee (as a percent)	7.50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay (as a percent)	5.00%
Maximum [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan Annual Contribution Percentage of Employees Salary (as a percent)	50.00%
Defined Contribution Plan Contribution Percentage By Employee (as a percent)	10.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay (as a percent)	10.00%
Evercore Europe Plan After July 2011 [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan Annual Contribution Percentage of Employees Salary (as a percent)	17.50%

XML

Evercore Inc. Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
	Jan. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Temporary Equity [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share)		$ 0.34	$ 0.31	$ 0.31	$ 0.31	$ 0.31	$ 0.28	$ 0.28	$ 0.28	$ 1.27	$ 1.15	$ 1.03
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)										$ 1.27	$ 1.15
Declared and Paid Dividends										$ 51,558	$ 46,326
Shares Purchased for the Net Settlement of Stock-based Compensation Awards (in shares)										1,087	996
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)										$ 47.63	$ 50.92
Increase In Treasury Stock										$ 167,241	$ 283,283
LP Units Exchanged By Employees (in units)										532	586
Increase in Common Stock										$ 5	$ 6
Adjustments to Additional Paid-In-Capital										16,242	$ 12,833
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares (in units)											26
Accumulated Unrealized Gain (Loss) on Marketable Securities		$ (5,828)								(5,828)
Foreign Currency Translation Adjustment Gain (Loss), net		$ (44,268)								$ (44,268)
LP Unit Purchases [Member]
Temporary Equity [Line Items]
Adjustments to Additional Paid-In-Capital											$ (770)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares (in units)										5	26
Noncontrolling Interest, Period Increase (Decrease)										$ (235)	$ (353)
Share Repurchase Program [Member]
Temporary Equity [Line Items]
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)										$ 48.21	$ 51.82
Stock Repurchase Program Number of Shares Purchased (in shares)										2,388	4,471
Minimum [Member]
Temporary Equity [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share)										$ 44.30	$ 47.56
Minimum [Member] | Share Repurchase Program [Member]
Temporary Equity [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share)										44.59	47.10
Maximum [Member]
Temporary Equity [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share)										70.65	59.02
Maximum [Member] | Share Repurchase Program [Member]
Temporary Equity [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share)										$ 52.74	$ 57.03
Subsequent Event [Member]
Temporary Equity [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share)	$ 0.34

XML

Noncontrolling Interest - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands		1 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Jan. 29, 2016	May 31, 2014	Jun. 30, 2014	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Oct. 31, 2014	Mar. 31, 2014
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest					$ (699)	$ (1,083)	$ (981)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest					(3,038)	(2,803)	(1,627)
Purchase of Noncontrolling Interest					0	0	7,100
Adjustments to Additional Paid-In-Capital					16,242	$ 12,833
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares (in units)						26
Subsidiary of Common Parent [Member]
Noncontrolling Interest [Line Items]
Adjustments to Additional Paid-In-Capital							1,124
Evercore ISI [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest Increase From Acquisition Issuance							68,835
Other Acquisitions [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest Increase From Acquisition Issuance							3,509
LP Unit Purchases [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Period Increase (Decrease)					$ (235)	$ (353)
Adjustments to Additional Paid-In-Capital						$ (770)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares (in units)					5	26
Evercore LP [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)					14.00%
Evercore Wealth Management [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)					38.00%
Noncontrolling Interest, Period Increase (Decrease)			$ 27,477
Adjustments to Additional Paid-In-Capital			3,244				(4,116)
Purchase of Noncontrolling Interest (in shares)		3
Purchase of Noncontrolling Interest (as a percent)		22.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		119
Grant of LP Units (in units)		11
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent		$ 7,100
Noncontrolling Interest, Ownership Percentage by Parent (as a percent)		62.00%
Temporary Equity, Other Changes			(34,577)
Decrease In Treasury Stock			$ 3,856
Redeemable Noncontrolling Interest, Equity, Carrying Amount									$ 34,577
PCA [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)					39.00%
ECB [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	28.00%
Purchase of Noncontrolling Interest	$ 6,482
Noncontrolling Interest, Period Increase (Decrease)					$ (5,225)
Adjustments to Additional Paid-In-Capital					(1,257)
Atalanta Sosnoff [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)						34.00%
Adjustments to Additional Paid-In-Capital						$ 6,333
Temporary Equity, Other Changes						(2,683)
Noncontrolling Interest, Decrease from Deconsolidation						$ 16,090
Institutional Equities [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)								38.00%
Adjustments to Additional Paid-In-Capital							$ (17,307)
GCP III [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Deconsolidation				$ 5,808	$ 5,808

XML

Noncontrolling Interest - Changes In Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended								9 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance				$ 202,664					$ 202,664	$ 202,664
Net Income Attributable to Noncontrolling Interest	$ 16,530	$ 12,588	$ 9,506	2,360	$ 9,374	$ (1,762)	$ 5,622	$ 1,593		40,984	$ 14,827	$ 20,497
Total comprehensive income										37,247	10,941	17,889
Reclassification from Redeemable Noncontrolling Interest to Noncontrolling Interest										0	0	27,477
Ending balance	256,033				202,664					256,033	202,664
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance				$ 202,664				$ 160,952	202,664	202,664	160,952	60,577
Net Income Attributable to Noncontrolling Interest										40,984	14,827	20,497
Other comprehensive income (loss)										(3,737)	(3,886)	(2,608)
Total comprehensive income										37,247	10,941	17,889
Evercore LP Units Purchased or Converted into Class A Shares										(16,480)	(12,012)	(11,686)
Amortization and Vesting of LP Units/Interests										81,392	82,734	3,593
Issuance of Noncontrolling Interest for Acquisitions and Investments										0	0	72,344
Distributions to Noncontrolling Interests										(38,154)	(23,723)	(10,655)
Reclassification from Redeemable Noncontrolling Interest to Noncontrolling Interest										0	0	27,477
Issuance of Noncontrolling Interest										885	594	2,449
Purchase of Noncontrolling Interest										(5,225)	0	0
Other, net										(488)	(732)	(1,036)
Total other items										(48,790)	(39,951)	18,235
Ending balance	$ 256,033				$ 202,664					256,033	202,664	160,952
Atalanta Sosnoff [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Deconsolidation of Noncontrolling Interest											(16,090)
Atalanta Sosnoff [Member] | Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Deconsolidation of Noncontrolling Interest										0	(16,090)	0
GCP III [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Deconsolidation of Noncontrolling Interest									$ (5,808)	(5,808)
GCP III [Member] | Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Deconsolidation of Noncontrolling Interest										$ (5,808)	$ 0	$ 0

XML

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share, Basic and Diluted [Line Items]
Weighted average shares of Class A common stock outstanding, including vested RSUs (in shares)									39,220	37,161	35,827
Basic net income per share attributable to Evercore Inc. common shareholders (in dollars per share)	$ 1.11	$ 0.89	$ 0.61	$ 0.13	$ 0.53	$ 0.20	$ 0.30	$ 0.12	$ 2.74	$ 1.15	$ 2.42
Diluted weighted average shares of Class A common stock outstanding (in shares)									44,193	43,699	41,843
Diluted net income per share attributable to Evercore Inc. common shareholders (in dollars per share)	$ 0.98	$ 0.79	$ 0.55	$ 0.12	$ 0.45	$ 0.16	$ 0.26	$ 0.10	$ 2.43	$ 0.98	$ 2.08
Class A [Member]
Earnings Per Share, Basic and Diluted [Line Items]
Net income attributable to Evercore Inc. common shareholders									$ 107,528	$ 42,863	$ 86,874
Weighted average shares of Class A common stock outstanding, including vested RSUs (in shares)									39,220	37,161	35,827
Basic net income per share attributable to Evercore Inc. common shareholders (in dollars per share)									$ 2.74	$ 1.15	$ 2.42
Noncontrolling Interest Related To Assumed Exchange Of Lp Units For Common Shares
Associated Corporate Taxes Related To Assumed Elimination Of Noncontrolling Interest Described
Diluted net income attributable to Evercore Inc. common shareholders									$ 107,528	$ 42,863	$ 86,874
Assumed exchange of LP Units for Class A Shares (in shares)
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method (in shares)									2,065	2,162	2,723
Shares that are contingently issuable (in shares)									2,908	1,747	88
Assumed conversion of Warrants issued (in shares)									0	2,629	3,205
Diluted weighted average shares of Class A common stock outstanding (in shares)									44,193	43,699	41,843
Diluted net income per share attributable to Evercore Inc. common shareholders (in dollars per share)									$ 2.43	$ 0.98	$ 2.08

XML

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Additional Information (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($) shares	Nov. 30, 2015 shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Adjustment To Diluted Net Income Attributable To Class A Common Shareholders If LP Units Were Dilutive | $	$ 18,196	$ 7,697	$ 12,912
LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded From Computation of Earnings Per Share (in shares)	6,397	6,606	5,161
Class G And H Interests [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares That Are Contingently Issuable	2,908	1,747
LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1
Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares That Are Contingently Issuable	2,908	1,747	88
Share Repurchased During Offering				2,355
Class A [Member] | Warrant [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Warrants to Purchase Class A shares (in shares)				5,455

XML

Share-Based and Other Deferred Compensation - Additional information (Detail)	1 Months Ended					3 Months Ended		9 Months Ended	12 Months Ended				38 Months Ended	123 Months Ended
	Feb. 28, 2017 shares	Nov. 30, 2016 USD ($) $ / shares shares	Oct. 31, 2016 shares	Feb. 29, 2016 shares	Oct. 31, 2015 shares	Mar. 31, 2017 shares	Jun. 30, 2013 shares	Dec. 31, 2016 USD ($) shares	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2011 USD ($) shares	Feb. 15, 2020 USD ($) shares	Mar. 31, 2016 shares	Dec. 31, 2012 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense									$ 44,209,000	$ 36,755,000	$ 34,375,000
Adjustments to Additional Paid-In-Capital									16,242,000	12,833,000
Expense Related To Separation Benefits									6,820,000	6,766,000	5,671,000
Cash Payments Related To Separation Benefits									$ 3,622,000	3,805,000	3,415,000
Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense Related To Separation Benefits										1,863,000	3,372,000
Cash Payments Related To Separation Benefits										487,000	238,000
Atalanta Sosnoff [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjustments to Additional Paid-In-Capital										6,333,000
Atalanta Sosnoff [Member] | Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of Profits Interests Charge										$ 6,333,000
LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Limited Partnership Units Convertible Conversion Ratio									1
2006 Stock Incentive Plan [Member] | Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Authorized Under Plan | shares														20,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares							5,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares										2,865,000
Two Thousand Sixteen Stock Incentive Plan [Member] | Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares								10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares								9,906,000	9,906,000
2006 and 2016 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares									2,609,000
Shares Issued During Period (in shares) | shares									4,044,000
Shares Forfeited During Period (in shares) | shares									181,000
Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense									$ 35,258,000	$ 6,192,000	$ 5,700,000
Deferred Compensation Arrangement with Individual, Recorded Liability								$ 50,098,000	$ 50,098,000
Long Term Incentive Plan Performance period (in years)									4 years
Number Of Payment Installments									3
Class E LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjustments to Additional Paid-In-Capital									$ 5,821,000
Class H Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class H Interests Performance Period (in years)									3 years
Minimum [Member] | Class G Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin (as a percent)									12.00%
Minimum [Member] | Class H Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin (as a percent)									7.00%
Management Basis EBIT									$ 8,000,000
Maximum [Member] | Class G Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin (as a percent)									16.00%
Maximum [Member] | Class H Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin (as a percent)									17.00%
Management Basis EBIT									$ 48,000,000
Restricted Stock Units (RSUs) [Member] | Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued During Period (in shares) | shares		900,000
Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares		$ 65.38
Compensation Expense Related to Service-based Award									$ 10,591,000
Retirement Notice Requirement									1 year
Restricted Stock Units (RSUs) [Member] | Board of Directors Chairman [Member] | December 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		18.00%
Restricted Stock Units (RSUs) [Member] | Board of Directors Chairman [Member] | March 2018 through 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		14.00%
Restricted Stock Units (RSUs) [Member] | Board of Directors Chairman [Member] | March 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		26.00%
Restricted Stock Units (RSUs) [Member] | Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares								61,000	61,000
Restricted Stock Units (RSUs) [Member] | 2006 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares										2,259,000	3,245,000
Shares Issued During Period (in shares) | shares										2,712,000	2,071,000
Shares Forfeited During Period (in shares) | shares										167,000	158,000
Compensation Expense Related to Service-based Award										$ 105,496,000	$ 90,597,000
Restricted Stock Units (RSUs) [Member] | 2006 Stock Incentive Plan [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued During Period (in shares) | shares						2,500,000
Awards Vesting Period						4 years
Restricted Stock Units (RSUs) [Member] | 2006 and 2016 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares									2,609,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized								$ 233,420,000	$ 233,420,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition									31 months
Shares Issued During Period (in shares) | shares									3,144,000
Shares Forfeited During Period (in shares) | shares									181,000
Compensation Expense Related to Service-based Award									$ 125,990,000
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | 2006 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares										$ 48.41	$ 46.59
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | 2006 and 2016 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares									$ 44.30
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | 2006 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares										$ 58.47	$ 58.67
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | 2006 and 2016 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares									$ 70.65
Class I-P Units [Member] | Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Retirement Notice Requirement		1 year
Grant of I-P Units | shares		400,000
Number of Tranches of Class I-P Units		2
Number of Class I-P Units in Each Tranche | shares		200,000
Number of Consecutive Trading Days Required for Class I-P Units to Exceed Thresholds		20 days
Grant of I-P Units, Fair Value of Award		$ 24,412,000
Compensation Expense Related to Class I-P Units									$ 544,000
Deferred Cash Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount								41,147,000	41,147,000			$ 9,153,000			$ 3,926,000
Deferred Compensation Arrangement Compensation Expense									14,936,000	$ 1,476,000	$ 3,683,000
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized								29,916,000	$ 29,916,000
Deferred Compensation, Vesting Period (in years)									4 years
Deferred Compensation Arrangement With Individual, Total Compensation Cost Not Yet Recognized Period For Recognition									38 months
Employee Loans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense									$ 19,625,000	$ 14,564,000	$ 13,851,000
Deferred Compensation Arrangement with Individual, Recorded Liability								32,845,000	$ 32,845,000
Requisite Service Period (in years)									1 year
Maximum Contractual Term (in years)									5 years
Restricted Cash Award [Member] | Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount		35,000,000
Deferred Compensation Arrangement With Individual Cash Award Tranche One Vesting Amount		11,000,000
Deferred Compensation Arrangement With Individual Cash Award Tranche Two Vesting Amount		6,000,000
Awards Vesting Period									4 years
Retirement Notice Requirement									6 months
Deferred Compensation Arrangement Compensation Expense									$ 568,000
Restricted Cash Award [Member] | Minimum [Member] | Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount		8,750,000
Restricted Cash Award [Member] | Maximum [Member] | Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount		$ 35,000,000
Evercore ISI [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin (as a percent)									16.10%	15.20%
Management Basis EBIT									$ 39,634,000	$ 34,395,000
Evercore ISI [Member] | Class E LP Units [Member] | Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares			224,000		233,000				389,000
Shares Issued During Period (in shares) | shares									4,000
Shares Forfeited During Period (in shares) | shares									5,000
Evercore ISI [Member] | Class G Interests [Member] | Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares				371,000					364,000
Shares Issued During Period (in shares) | shares									6,000
Shares Forfeited During Period (in shares) | shares									6,000
Evercore ISI [Member] | Class G Interests [Member] | Acquisition Related [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares	368,000
Evercore ISI [Member] | Class H Interests [Member] | Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) | shares									37,000
Shares Issued During Period (in shares) | shares									33,000
Shares Forfeited During Period (in shares) | shares									33,000
Evercore ISI [Member] | Vested LP Units [Member] | Class E LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) | shares											710,000
Evercore ISI [Member] | Vested LP Units [Member] | Class G Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) | shares											538,000
Evercore ISI [Member] | Vested LP Units [Member] | Class H Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) | shares											2,044,000
Evercore ISI [Member] | Unvested LP Units [Member] | Class E LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) | shares											710,000
Evercore ISI [Member] | Unvested LP Units [Member] | Class G Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) | shares											540,000
Evercore ISI [Member] | Unvested LP Units [Member] | Class H Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) | shares											2,051,000
Acquisition Related [Member] | Evercore ISI [Member] | Class E LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense Related to Acquisition Related Awards									$ 21,077,000	21,425,000	$ 3,399,000
Acquisition Related [Member] | Evercore ISI [Member] | Class G And H Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense Related to Acquisition Related Awards									59,357,000	61,111,000	0
Additional Compensation Expense Related To Acquisition Related Awards If Maximum Thresholds Were Probable									34,969,000
Life To Date Accrued Compensation Expense Related To Acquisition Related Awards								86,984,000	86,984,000
Acquisition Related [Member] | Evercore ISI [Member] | Class G And H Interests [Member] | Scenario, Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interests That Would Vest Related To Acquisition Related Awards Based On Current Performance | shares													3,610,000
Remaining Compensation Expense Related To Acquisition Related Awards If Maximum Thresholds Were Probable													$ 110,457,000
Interests That Would Vest Related To Acquisition Related Awards If Maximum Thresholds Were Probable | shares													4,939,000
Acquisition Related [Member] | Evercore ISI [Member] | Unvested Acquisition Related Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized								$ 162,379,000	$ 162,379,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition									26 months
Acquisition Related [Member] | Lexicon [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense Related to Acquisition Related Awards										1,237,000	5,255,000
Compensation Expense Related to Deferred Cash Consideration										$ 301,000	$ 1,626,000
Acquisition Related [Member] | Lexicon [Member] | Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares												1,883,000

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Share-Based and Other Deferred Compensation - Summary of Activity Related to Share-Based Awards (Details) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended			12 Months Ended
	Oct. 31, 2016	Feb. 29, 2016	Oct. 31, 2015	Dec. 31, 2016
2006 and 2016 Stock Incentive Plan [Member]
Number of Shares
Balance at beginning of period (in shares)				5,634
Granted (in shares)				4,044
Modified (in shares)				0
Forfeited (in shares)				(181)
Vested/Performance Achieved (in shares)				(2,609)
Balance at end of period (in shares)				6,888
Grant Date Weighted Average Fair Value
Balance at beginning of period				$ 261,603
Granted				208,833
Modified				0
Forfeited				(8,758)
Vested/Performance Achieved				(115,230)
Balance at end of period				$ 346,448
Class E LP Units [Member] | Evercore ISI [Member] | Acquisition Related [Member]
Number of Shares
Balance at beginning of period (in shares)				771
Granted (in shares)				4
Modified (in shares)				0
Forfeited (in shares)				(5)
Vested/Performance Achieved (in shares)	(224)		(233)	(389)
Balance at end of period (in shares)				381
Grant Date Weighted Average Fair Value
Balance at beginning of period				$ 39,525
Granted				203
Modified				0
Forfeited				(270)
Vested/Performance Achieved				(19,755)
Balance at end of period				$ 19,703
Class G Interests [Member] | Evercore ISI [Member] | Acquisition Related [Member]
Number of Shares
Balance at beginning of period (in shares)				1,075
Granted (in shares)				6
Modified (in shares)				0
Forfeited (in shares)				(6)
Vested/Performance Achieved (in shares)		(371)		(364)
Balance at end of period (in shares)				711
Grant Date Weighted Average Fair Value
Balance at beginning of period				$ 55,623
Granted				308
Modified				0
Forfeited				(303)
Vested/Performance Achieved				(18,811)
Balance at end of period				$ 36,817
Class H Interests [Member] | Evercore ISI [Member] | Acquisition Related [Member]
Number of Shares
Balance at beginning of period (in shares)				4,083
Granted (in shares)				33
Modified (in shares)				0
Forfeited (in shares)				(33)
Vested/Performance Achieved (in shares)				(37)
Balance at end of period (in shares)				4,046
Grant Date Weighted Average Fair Value
Balance at beginning of period				$ 211,365
Granted				1,752
Modified				0
Forfeited				(1,729)
Vested/Performance Achieved				(1,933)
Balance at end of period				$ 209,455

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Commitments and Contingencies - Additional Information (Details) - USD ($)		1 Months Ended	5 Months Ended	12 Months Ended
	Feb. 02, 2017	Dec. 31, 2016	Jun. 23, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 01, 2017	Jun. 24, 2016	Jan. 15, 2016	Jun. 26, 2015	Mar. 31, 2015
Commitment And Contingencies [Line Items]
Rental Expense Relating to Operating Leases				$ 33,405,000	$ 34,180,000	$ 27,375,000
Other Assets		$ 62,474,000		62,474,000	39,290,000
Unfunded Commitments for Capital Contributions		4,624,000		4,624,000
Goodwill, Gross		189,461,000		189,461,000	194,961,000
Investment in Private Equity Funds		79,717,000		79,717,000	86,287,000
Line Of Credit Intra Day Facility		9,700,000		9,700,000
Contractual Obligations Related To Tax Receivable Agreements		186,310,000		186,310,000
Payment To Counterparties To Tax Receivable Agreement Within One Year Or Less		12,201,000		12,201,000
Payment To Counterparties To Tax Receivable Agreement One To Three Years		24,554,000		24,554,000
Payment To Counterparties To Tax Receivable Agreement Three To Five Years		26,792,000		26,792,000
Payment To Counterparties To Tax Receivable Agreement After Five Years		122,763,000		122,763,000
Luminis [Member]
Commitment And Contingencies [Line Items]
Other Assets		5,500,000		$ 5,500,000
Other Commitment											$ 5,500,000
Loans and Leases Receivable, Gross					3,500,000
Loan Converted For Interest In Investment		3,500,000
Cash Paid For Investment		2,000,000
Subsequent Event [Member] | Luminis [Member]
Commitment And Contingencies [Line Items]
Equity Method Investment, Ownership Percentage (as a percent)							19.00%
First Republic Bank [Member]
Commitment And Contingencies [Line Items]
Maximum Borrowing Capacity									$ 50,000,000	$ 75,000,000
Amount Outstanding During Period			$ 50,000,000
PNC Bank [Member]
Commitment And Contingencies [Line Items]
Maximum Borrowing Capacity								$ 30,000,000
PNC Bank [Member] | Subsequent Event [Member]
Commitment And Contingencies [Line Items]
Amount Outstanding During Period	$ 30,000,000
Inter-Bank Balance Interest Rate [Member]
Commitment And Contingencies [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.10%
Private Equity Funds [Member]
Commitment And Contingencies [Line Items]
Investment in Private Equity Funds		21,742,000		$ 21,742,000	26,473,000
Private Equity Funds [Member] | Discovery Fund [Member]
Commitment And Contingencies [Line Items]
Investment in Private Equity Funds		7,463,000		$ 7,463,000	6,632,000
Protego [Member]
Commitment And Contingencies [Line Items]
Percentage of the Return Proceeds Received Payable (as a percent)				90.00%
Protego [Member] | Private Equity Funds [Member] | Discovery Fund [Member]
Commitment And Contingencies [Line Items]
Goodwill, Gross		10,523,000		$ 10,523,000
Investment in Private Equity Funds		7,463,000		7,463,000
Office Equipment [Member]
Commitment And Contingencies [Line Items]
Rental Expense Relating to Operating Leases				2,449,000	1,990,000	$ 1,640,000
Letter of Credit [Member]
Commitment And Contingencies [Line Items]
Other Assets		$ 5,387,000		$ 5,387,000	$ 5,086,000

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Commitments and Contingencies - Aggregate Minimum Future Payments Required on Operating Leases (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2017	$ 33,335
2018	32,677
2019	32,105
2020	30,241
2021	27,299
Thereafter	36,036
Total	$ 191,693

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Regulatory Authorities - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
EGL [Member]
Regulatory Authorities [Line Items]
Alternative Net Capital Requirement	$ 250,000
Net Capital	119,644,000	$ 79,019,000
Alternative Excess Net Capital	119,394,000	$ 78,769,000
Evercore Trust Company [Member]
Regulatory Authorities [Line Items]
Tier One Capital	5,000,000
Minimum Liquid Assets, Amount	$ 3,500,000
Coverage of Operating Expenses (in days)	90 days
Collateral Held in a Segregated Account at a Third-Party Depository Institution	$ 10,000,000

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Income Taxes - Additional Information (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Line Items]
Taxes Payable	$ 27,321	$ 20,886
LP Units Exchanged By Employees (in units)	532	586
Adjustments to Additional Paid-In-Capital	$ 16,242	$ 12,833
Tax Savings Distribution Ratio To Unit Holders (as a percent)	85.00%
Retained Ratio Of Tax Savings (as a percent)	15.00%
Deferred Tax Assets	$ 305,424	298,115
Amounts Due Pursuant to Tax Receivable Agreements	174,109	186,036
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Depreciation And Amortization	1,977
Deferred Tax Liabilities, Net	6,104
Increase (Decrease) in Deferred Tax Assets, Changes in Unrealized Gain (Loss) on Marketable Securities	688	455
Increase (Decrease) in Deferred Tax Assets, Changes in Foreign Currency Translation Adjustments	9,347	$ 8,492
Tax Credit Carryforward, Amount	5,054
Deferred Tax Assets, Valuation Allowance, Noncurrent	$ 1,510
Class A and E LP Units [Member]
Income Taxes [Line Items]
LP Units Exchanged By Employees (in units)	537
Class A LP Units [Member]
Income Taxes [Line Items]
Adjustments to Additional Paid-In-Capital	$ 118
LP Units Exchanged by Employees Which Triggered Additional Liability Under Tax Receivable Agreement (in units)	26
Deferred Tax Assets	$ 784
Amounts Due Pursuant to Tax Receivable Agreements	666
Class E LP Units [Member]
Income Taxes [Line Items]
Adjustments to Additional Paid-In-Capital	5,821
Evercore LP [Member]
Income Taxes [Line Items]
Increase (Decrease) In Deferred Tax Assets Associated With Compensation and Benefits	19,290
Increase (Decrease) In Deferred Tax Assets Associated With Amortization of Tangible and Intangible Assets	(14,354)
Subsidiary of Common Parent [Member]
Income Taxes [Line Items]
Undistributed Earnings of Foreign Subsidiaries	6,531
Unrecognized Deferred Tax Liability Not Recognized Attributable To Reinvested Earnings	$ 1,965
Adjustments to Additional Paid-In-Capital			$ 1,124

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Income Taxes - Components of Income Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Income Before Income Tax [Line Items]
Income before Income Tax Expense	$ 226,831	$ 119,893	$ 155,630
United States [Member]
Schedule Of Income Before Income Tax [Line Items]
Income before Income Tax Expense	204,920	81,157	124,747
Non-US [Member]
Schedule Of Income Before Income Tax [Line Items]
Income before Income Tax Expense	$ 21,911	$ 38,736	$ 30,883

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Income Taxes - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal									$ 79,596	$ 56,064	$ 33,814
Foreign									10,832	9,798	10,513
State and Local									18,832	14,795	10,114
Total Current									109,260	80,657	54,441
Deferred:
Federal									11,510	(1,196)	15,104
Foreign									(1,439)	659	(3,080)
State and Local									(28)	(3,090)	2,291
Total Deferred									10,043	(3,627)	14,315
Total	$ 39,913	$ 38,980	$ 30,676	$ 9,734	$ 46,703	$ 7,392	$ 16,723	$ 6,212	$ 119,303	$ 77,030	$ 68,756

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Income Taxes - Reconciliation Between Statutory Income Tax Rate and Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S. Statutory Tax Rate	35.00%	35.00%	35.00%
Increase Due to State and Local Taxes	4.80%	7.00%	6.00%
Rate Benefits as a Limited Liability Company/Flow Through	(5.90%)	(5.90%)	(4.20%)
Foreign Taxes	0.70%	1.50%	0.40%
Non-Deductible Expenses (1)	9.90%	19.90%	1.10%
Valuation Allowances	0.00%	0.00%	0.90%
Other Adjustments	(0.00%)	(0.30%)	(0.20%)
Effective Income Tax Rate	44.50%	57.20%	39.00%

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Income Taxes - Details of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred Tax Assets:
Depreciation and Amortization	$ 31,475	$ 29,498
Compensation and Benefits	54,410	35,120
Step up in tax basis due to the exchange of LP Units for Class A Shares	202,257	215,827
Other	44,065	38,349
Total Deferred Tax Assets	332,207	318,794
Deferred Tax Liabilities:
Goodwill, Intangible Assets and Other	25,273	19,169
Total Deferred Tax Liabilities	25,273	19,169
Net Deferred Tax Assets Before Valuation Allowance	306,934	299,625
Valuation Allowance	(1,510)	(1,510)
Net Deferred Tax Assets	$ 305,424	$ 298,115

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Income Taxes - Reconciliation of Changes in Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning unrecognized tax benefit	$ 0	$ 0	$ 624
Additions for tax positions of prior years	0	0	276
Reductions for tax positions of prior years	0	0	0
Lapse of Statute of Limitations	0	0	(98)
Decrease due to settlement with Taxing Authority	0	0	(802)
Ending unrecognized tax benefit	$ 0	$ 0	$ 0

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Concentrations of Credit Risk - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Securities Purchased Under Agreements to Resell	$ 12,585	$ 2,191
Securities Sold Under Agreements to Repurchase	31,150	44,000
Accounts Receivable (net of allowance)	$ 230,522	175,497
Investment Banking And Investment Management Receivables Collection Periods	90 days
Collection Period For Restructuring Transactions And Private Equity Fee Receivables	90 days
Bad Debt Expense	$ 2,261	1,314	$ 1,027
Marketable Securities	$ 66,487	43,787
Percentage Of Marketable Securities Related To Corporate And Municipal Bonds And Other Debt Securities	60.00%
Percentage Of Marketable Securities Related To Equity Securities, Exchange Traded Funds And Mutual Funds	40.00%
Asset (Liability) Balance [Member]
Concentration Risk [Line Items]
Securities Purchased Under Agreements to Resell	$ 12,585	2,191
Securities Sold Under Agreements to Repurchase	31,150	44,000
Market Value Of Collateral Received Or Pledged [Member]
Concentration Risk [Line Items]
Securities Purchased Under Agreements to Resell	12,601	2,192
Securities Sold Under Agreements to Repurchase	$ 31,155	$ 44,063

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Segment Operating Results - Additional Information (Details)	12 Months Ended
	Dec. 31, 2016 segment
Segment Reporting [Abstract]
Number of reporting segments	2

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Segment Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net Revenues	$ 445,369	$ 386,314	$ 350,656	$ 257,713	$ 408,243	$ 308,951	$ 268,096	$ 237,983	$ 1,440,052	$ 1,223,273	$ 915,858
Operating Expenses									1,077,706	946,532	719,474
Other Expenses									101,172	148,071	25,437
Income Before Income from Equity Method Investments and Income Taxes	97,359	85,085	62,605	16,125	74,663	11,898	31,111	10,998	261,174	128,670	170,947
Income from Equity Method Investments	2,512	1,178	1,664	1,287	2,016	929	1,998	1,107	6,641	6,050	5,180
Pre-Tax Income (Loss)	99,871	$ 86,263	$ 64,269	$ 17,412	76,679	$ 12,827	$ 33,109	$ 12,105	267,815	134,720	176,127
Identifiable Segment Assets	1,662,346				1,479,171				1,662,346	1,479,171	1,446,556
Investment Banking [Member]
Segment Reporting Information [Line Items]
Net Revenues									1,363,859	1,130,915	819,637
Operating Expenses									1,020,327	869,301	632,927
Other Expenses									92,172	108,739	25,109
Income Before Income from Equity Method Investments and Income Taxes									251,360	152,875	161,601
Income from Equity Method Investments									1,370	978	495
Pre-Tax Income (Loss)									252,730	153,853	162,096
Identifiable Segment Assets	1,302,351				1,097,373				1,302,351	1,097,373	934,648
Investment Management [Member]
Segment Reporting Information [Line Items]
Net Revenues									76,193	92,358	96,221
Operating Expenses									57,379	77,231	86,547
Other Expenses									9,000	39,332	328
Income Before Income from Equity Method Investments and Income Taxes									9,814	(24,205)	9,346
Income from Equity Method Investments									5,271	5,072	4,685
Pre-Tax Income (Loss)									15,085	(19,133)	14,031
Identifiable Segment Assets	$ 359,995				$ 381,798				$ 359,995	$ 381,798	$ 511,908

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Segment Operating Results - (Footnotes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Other Revenue, net	$ 147	$ (5,716)	$ (4,252)
Special Charges	8,100	41,144	4,893
Acquisition and Transition Costs	99	4,890	5,828
Total Other Expenses	101,172	148,071	25,437
Investment Banking [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	(239)	(2,945)	(1,722)
Interest expense on Notes Payable, Subordinated Borrowing and Line of Credit	9,578	6,041	4,470
Amortization of LP Units / Interests and Certain Other Awards	80,846	83,673	3,399
Other Acquisition Related Compensation Charges	0	1,537	7,939
Special Charges	0	2,151	4,893
Professional Fees	0	0	1,672
Acquisition and Transition Costs	(692)	4,879	4,712
Fair Value of Contingent Consideration	1,107	2,704	0
Intangible Asset and Other Amortization	10,911	13,795	2,494
Total Other Expenses	92,172	108,739	25,109
Investment Management [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	386	(2,771)	(2,530)
Interest expense on Notes Payable, Subordinated Borrowing and Line of Credit	670	3,576	3,770
Special Charges	8,100	38,993	0
Acquisition and Transition Costs	791	11	0
Intangible Asset and Other Amortization	109	328	328
Total Other Expenses	$ 9,000	$ 39,332	$ 328

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Segment Operating Results - Revenues Derived from Clients and Private Equity Funds by Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net revenue	$ 1,439,905	$ 1,228,989	$ 920,110
United States [Member]
Segment Reporting Information [Line Items]
Net revenue	1,056,796	900,672	608,631
Europe And Other [Member]
Segment Reporting Information [Line Items]
Net revenue	338,285	287,884	248,815
Latin America [Member]
Segment Reporting Information [Line Items]
Net revenue	$ 44,824	$ 40,433	$ 62,664

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Segment Operating Results - Assets by Geographic Area (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Assets	$ 1,662,346	$ 1,479,171	$ 1,446,556
United States [Member]
Segment Reporting Information [Line Items]
Assets	1,376,101	1,135,570
Europe And Other [Member]
Segment Reporting Information [Line Items]
Assets	190,380	221,358
Latin America [Member]
Segment Reporting Information [Line Items]
Assets	$ 95,865	$ 122,243

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Evercore Inc. (Parent Company Only) Financial Statements - Additional Information (Details)		3 Months Ended								12 Months Ended
	Mar. 30, 2016 USD ($)	Dec. 31, 2016 USD ($) $ / shares shares	Sep. 30, 2016 $ / shares	Jun. 30, 2016 $ / shares	Mar. 31, 2016 $ / shares	Dec. 31, 2015 $ / shares shares	Sep. 30, 2015 $ / shares	Jun. 30, 2015 $ / shares	Mar. 31, 2015 $ / shares	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2014 $ / shares
Condensed Financial Statements, Captions [Line Items]
Shares Purchased for the Net Settlement of Stock-based Compensation Awards (in shares) | shares										1,087,000	996,000
Increase In Treasury Stock										$ 167,241,000	$ 283,283,000
Dividends Declared Per Share of Class A Common Stock (in dollars per share) | $ / shares		$ 0.34	$ 0.31	$ 0.31	$ 0.31	$ 0.31	$ 0.28	$ 0.28	$ 0.28	$ 1.27	$ 1.15	$ 1.03
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ / shares										$ 1.27	$ 1.15
Declared and Paid Dividends										$ 51,558,000	$ 46,326,000
Contractual Obligations Related To Tax Receivable Agreements		$ 186,310,000								186,310,000
Payment To Counterparties To Tax Receivable Agreement Within One Year Or Less		12,201,000								12,201,000
Payment To Counterparties To Tax Receivable Agreement One To Three Years		24,554,000								24,554,000
Payment To Counterparties To Tax Receivable Agreement Three To Five Years		26,792,000								26,792,000
Payment To Counterparties To Tax Receivable Agreement After Five Years		$ 122,763,000								$ 122,763,000
Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Stock Repurchase Program Number of Shares Purchased (in shares) | shares										2,388,000	4,471,000
Minimum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										$ 44.30	$ 47.56
Minimum [Member] | Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										44.59	47.10
Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										70.65	59.02
Maximum [Member] | Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										$ 52.74	$ 57.03
Class A [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized | shares		1,000,000,000				1,000,000,000				1,000,000,000	1,000,000,000
Common Stock, Par Value (in dollars per share) | $ / shares		$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued | shares		58,292,567				55,249,559				58,292,567	55,249,559
Class B [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized | shares		1,000,000				1,000,000				1,000,000	1,000,000
Common Stock, Par Value (in dollars per share) | $ / shares		$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued | shares		24				25				24	25
LP Units [Member]
Condensed Financial Statements, Captions [Line Items]
Limited Partnership Units Convertible Conversion Ratio										1
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share) | $ / shares										$ 1.27
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ / shares										$ 1.27
Declared and Paid Dividends										$ 51,558,000
Contractual Obligations Related To Tax Receivable Agreements		$ 186,310,000								186,310,000
Payment To Counterparties To Tax Receivable Agreement Within One Year Or Less		12,201,000								12,201,000
Payment To Counterparties To Tax Receivable Agreement One To Three Years		24,554,000								24,554,000
Payment To Counterparties To Tax Receivable Agreement Three To Five Years		26,792,000								26,792,000
Payment To Counterparties To Tax Receivable Agreement After Five Years		122,763,000								122,763,000
Parent Company [Member] | Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 170,000,000
Long Term Debt Maturities Repayments Of Principal And Interest		237,019,000								237,019,000
Long Term Debt Maturities Repayments Of Principal And Interest In Next Twelve Months		8,937,000								8,937,000
Long Term Debt Maturities Repayments Of Principal And Interest In One To Three Years		17,874,000								17,874,000
Long Term Debt Maturities Repayments Of Principal And Interest In Three To Five Years		54,947,000								54,947,000
Long Term Debt Maturities Repayments Of Principal And Interest After Five Years		$ 155,261,000								$ 155,261,000
Parent Company [Member] | Series A Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage (as a percent)	4.88%
Parent Company [Member] | Series B Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 67,000,000
Debt Instrument, Interest Rate, Stated Percentage (as a percent)	5.23%
Parent Company [Member] | Series C Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 48,000,000
Debt Instrument, Interest Rate, Stated Percentage (as a percent)	5.48%
Parent Company [Member] | Series D Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 17,000,000
Debt Instrument, Interest Rate, Stated Percentage (as a percent)	5.58%
Parent Company [Member] | Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Extinguishment of Debt, Amount	$ 120,000,000
Parent Company [Member] | Class A [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized | shares		1,000,000,000				1,000,000,000				1,000,000,000	1,000,000,000
Common Stock, Par Value (in dollars per share) | $ / shares		$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued | shares		58,292,567				55,249,559				58,292,567	55,249,559
Shares Purchased for the Net Settlement of Stock-based Compensation Awards (in shares) | shares										1,087,000
Increase In Treasury Stock										$ 167,241,000
Parent Company [Member] | Class A [Member] | Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Stock Repurchase Program Number of Shares Purchased (in shares) | shares										2,388,000
Parent Company [Member] | Class A [Member] | Minimum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										$ 44.30
Parent Company [Member] | Class A [Member] | Minimum [Member] | Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										44.59
Parent Company [Member] | Class A [Member] | Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										70.65
Parent Company [Member] | Class A [Member] | Maximum [Member] | Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) | $ / shares										$ 52.74
Parent Company [Member] | Class B [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized | shares		1,000,000				1,000,000				1,000,000	1,000,000
Common Stock, Par Value (in dollars per share) | $ / shares		$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued | shares		24				25				24	25
Common Stock Shares Cancelled | shares		1								1

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Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Financial Condition (Parent Company Only) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Deferred Tax Assets	$ 305,424	$ 298,115
Goodwill	160,961	166,461	$ 218,232
Total Assets	1,662,346	1,479,171	$ 1,446,556
Liabilities
Taxes Payable	27,321	20,886
Other Current Liabilities	12,320	7,031
Total Current Liabilities	463,421	408,049
Amounts Due Pursuant to Tax Receivable Agreements	174,109	186,036
Long-term Debt - Notes Payable	168,097	119,250
Total Liabilities	879,015	771,955
Stockholders' Equity
Additional Paid-In-Capital	1,368,122	1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096)	(34,539)
Retained Earnings (Deficit)	20,343	(27,791)
Treasury Stock at Cost	(811,653)	(644,412)
Total Evercore Inc. Stockholders' Equity	527,298	504,552
Total Liabilities and Equity	1,662,346	1,479,171
Parent Company [Member]
Assets
Equity Investment In Subsidiary	598,279	534,258
Deferred Tax Assets	291,827	287,281
Goodwill	15,236	15,236
Total Assets	905,342	836,775
Liabilities
Payable to Related Party	12,201	11,638
Taxes Payable	21,341	14,761
Other Current Liabilities	2,296	538
Total Current Liabilities	35,838	26,937
Amounts Due Pursuant to Tax Receivable Agreements	174,109	186,036
Long-term Debt - Notes Payable	168,097	119,250
Total Liabilities	378,044	332,223
Stockholders' Equity
Additional Paid-In-Capital	1,368,122	1,210,742
Accumulated Other Comprehensive Income (Loss)	(50,096)	(34,539)
Retained Earnings (Deficit)	20,343	(27,791)
Treasury Stock at Cost	(811,653)	(644,412)
Total Evercore Inc. Stockholders' Equity	527,298	504,552
Total Liabilities and Equity	905,342	836,775
Class A [Member]
Stockholders' Equity
Common Stock	582	552
Class A [Member] | Parent Company [Member]
Stockholders' Equity
Common Stock	582	552
Class B [Member]
Stockholders' Equity
Common Stock	0	0
Class B [Member] | Parent Company [Member]
Stockholders' Equity
Common Stock	$ 0	$ 0

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Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Financial Condition (Parent Company Only) - Additional Information (Details) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Treasury Stock at Cost, shares	19,101,711	15,626,288
Class A [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	58,292,567	55,249,559
Common Stock, Shares Outstanding	39,190,856	39,623,271
Class B [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares Issued	24	25
Common Stock, Shares Outstanding	24	25
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Treasury Stock at Cost, shares	19,101,711	15,626,288
Parent Company [Member] | Class A [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	58,292,567	55,249,559
Common Stock, Shares Outstanding	39,190,856	39,623,271
Parent Company [Member] | Class B [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares Issued	24	25
Common Stock, Shares Outstanding	24	25

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Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Operations (Parent Company Only) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Total Revenues									$ 1,456,790	$ 1,240,248	$ 931,402
Interest Expense									16,738	16,975	15,544
Net Revenues	$ 445,369	$ 386,314	$ 350,656	$ 257,713	$ 408,243	$ 308,951	$ 268,096	$ 237,983	1,440,052	1,223,273	915,858
Expenses
Total Expenses	348,010	301,229	288,051	241,588	333,580	297,053	236,985	226,985	1,178,878	1,094,603	744,911
Provision for Income Taxes	39,913	38,980	30,676	9,734	46,703	7,392	16,723	6,212	119,303	77,030	68,756
Net Income	$ 59,958	$ 47,283	$ 33,593	$ 7,678	$ 29,976	$ 5,435	$ 16,386	$ 5,893	148,512	57,690	107,371
Parent Company [Member]
Revenues
Interest Income									8,385	7,818	8,341
Total Revenues									8,385	7,818	8,341
Interest Expense									8,385	7,818	8,341
Net Revenues									0	0	0
Expenses
Total Expenses									0	0	0
Operating Income									0	0	0
Equity in Income of Subsidiary									209,841	103,931	141,612
Provision for Income Taxes									102,313	61,068	54,738
Net Income									$ 107,528	$ 42,863	$ 86,874

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Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Cash Flows (Parent Company Only) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flows From Operating Activities
Net Income	$ 59,958	$ 47,283	$ 33,593	$ 7,678	$ 29,976	$ 5,435	$ 16,386	$ 5,893	$ 148,512	$ 57,690	$ 107,371
Deferred Taxes									10,043	(3,627)	14,315
Other Assets									(33,080)	(3,903)	(7,651)
Taxes Payable									9,097	28,670	32,612
Net Cash Provided by Operating Activities									421,569	367,671	251,234
Cash Flows From Investing Activities
Net Cash Provided by (Used in) Investing Activities									(48,504)	(26,117)	25,035
Cash Flows From Financing Activities
Payment of Notes Payable - Mizuho									(120,000)	0	0
Issuance of Notes Payable									170,000	0	0
Dividends									(51,558)	(46,132)	(38,754)
Net Cash Provided by (Used in) Financing Activities									(237,958)	(234,623)	(214,857)
Net Increase in Cash and Cash Equivalents									109,760	96,604	53,707
Cash and Cash Equivalents-Beginning of Period				448,764				352,160	448,764	352,160	298,453
Cash and Cash Equivalents-End of Period	558,524				448,764				558,524	448,764	352,160
SUPPLEMENTAL CASH FLOW DISCLOSURE
Dividend Equivalents Issued									7,836	6,514	6,038
Exchange of Notes Payable as Consideration for Exercise of Warrants									0	118,347	0
Parent Company [Member]
Cash Flows From Operating Activities
Net Income									107,528	42,863	86,874
Undistributed Income of Subsidiary									(209,841)	(103,931)	(141,612)
Deferred Taxes									12,453	(1,685)	(15,887)
Accretion on Long-term Debt									180	1,603	2,000
Other Assets									0	3,402	3,255
Taxes Payable									6,580	14,761	0
Net Cash Provided by Operating Activities									(83,100)	(42,987)	(65,370)
Cash Flows From Investing Activities
Investment in Subsidiary									84,658	82,703	105,600
Net Cash Provided by (Used in) Investing Activities									84,658	82,703	105,600
Cash Flows From Financing Activities
Purchase of Evercore LP Units									0	0	(1,476)
Exercise of Warrants, Net									0	6,416	0
Payment of Notes Payable - Mizuho									(120,000)	0	0
Issuance of Notes Payable									170,000	0	0
Dividends									(51,558)	(46,132)	(38,754)
Net Cash Provided by (Used in) Financing Activities									(1,558)	(39,716)	(40,230)
Net Increase in Cash and Cash Equivalents									0	0	0
Cash and Cash Equivalents-Beginning of Period				$ 0				$ 0	0	0	0
Cash and Cash Equivalents-End of Period	$ 0				$ 0				0	0	0
SUPPLEMENTAL CASH FLOW DISCLOSURE
Dividend Equivalents Issued									7,836	6,514	6,038
Exchange of Notes Payable as Consideration for Exercise of Warrants									$ 0	$ 118,347	$ 0

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Supplemental Financial Information Supplemental Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Net Revenues	$ 445,369	$ 386,314	$ 350,656	$ 257,713	$ 408,243	$ 308,951	$ 268,096	$ 237,983	$ 1,440,052	$ 1,223,273	$ 915,858
Total Expenses	348,010	301,229	288,051	241,588	333,580	297,053	236,985	226,985	1,178,878	1,094,603	744,911
Income Before Income from Equity Method Investments and Income Taxes	97,359	85,085	62,605	16,125	74,663	11,898	31,111	10,998	261,174	128,670	170,947
Income from Equity Method Investments	2,512	1,178	1,664	1,287	2,016	929	1,998	1,107	6,641	6,050	5,180
Income Before Income Taxes	99,871	86,263	64,269	17,412	76,679	12,827	33,109	12,105	267,815	134,720	176,127
Provision for Income Taxes	39,913	38,980	30,676	9,734	46,703	7,392	16,723	6,212	119,303	77,030	68,756
Net Income	59,958	47,283	33,593	7,678	29,976	5,435	16,386	5,893	148,512	57,690	107,371
Net Income Attributable to Noncontrolling Interest	16,530	12,588	9,506	2,360	9,374	(1,762)	5,622	1,593	40,984	14,827	20,497
Net Income Attributable to Evercore Inc.	$ 43,428	$ 34,695	$ 24,087	$ 5,318	$ 20,602	$ 7,197	$ 10,764	$ 4,300	$ 107,528	$ 42,863	$ 86,874
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic (in dollars per share)	$ 1.11	$ 0.89	$ 0.61	$ 0.13	$ 0.53	$ 0.20	$ 0.30	$ 0.12	$ 2.74	$ 1.15	$ 2.42
Diluted (in dollars per share)	0.98	0.79	0.55	0.12	0.45	0.16	0.26	0.10	2.43	0.98	2.08
Dividends Declared Per Share of Class A Common Stock (in dollars per share)	$ 0.34	$ 0.31	$ 0.31	$ 0.31	$ 0.31	$ 0.28	$ 0.28	$ 0.28	$ 1.27	$ 1.15	$ 1.03