v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities      
Net Income $ 15,183 $ 30,793 $ 24,946
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity-based compensation 1,627 1,149 1,426
Depreciation and amortization 4,014 3,883 3,923
Deferred income taxes 2,186 3,967 901
Tax receivable agreement fair value adjustment 2 (202) (114)
Non-cash interest on notes receivable from partners (4) (3) (6)
Non-cash lease expense 4,041 2,477 3,938
Distributions received from investment funds   1,411 861
Equity income from investments (73) 31 (1,534)
Cash flows due to changes in operating assets and liabilities:      
Receivables and due from Silvercrest Funds (389) (417) 81
Prepaid expenses and other assets (170) (2,765) 116
Accounts payable and accrued expenses 214 (12,161) 5,616
Accrued compensation (2,363) (1,973) 7,858
Operating lease liabilities (3,275) (2,819) (3,756)
Other liabilities     (3)
Interest payable on notes payable (18) 12 25
Net cash provided by operating activities 20,975 23,383 44,278
Cash Flows From Investing Activities      
Acquisition of furniture, equipment and leasehold improvements (3,878) (956) (908)
Net cash used in investing activities (3,878) (956) (908)
Cash Flows From Financing Activities      
Earn-outs paid related to acquisitions (75) (4,568) (3,045)
Repayments of notes payable (3,600) (2,700) (3,600)
Principal payments on financing leases (117) (120) (118)
Distributions to partners (7,818) (7,912) (6,680)
Dividends paid on Class A common stock (6,996) (6,828) (6,397)
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc. (5,705) (8,783) (512)
Payments from partners on notes receivable 95 172 228
Net cash used in financing activities (24,216) (30,739) (20,124)
Effect of exchange rate changes on cash and cash equivalents (12)    
Net (decrease) increase in cash and cash equivalents (7,131) (8,312) 23,246
Cash and cash equivalents, beginning of year 77,432 85,744 62,498
Cash and cash equivalents, end of year 70,301 77,432 85,744
Net cash paid during the period for:      
Income taxes 1,605 5,195 4,848
Interest 332 345 315
Supplemental Disclosures of Non-cash Financing and Investing Activities      
Notes receivable from new partners issued for capital contributions to Silvercrest L.P.     475
Recognition of deferred tax assets as a result of share conversions 328 648 566
Assets acquired under capital leases 109 211 137
Accrued dividends 24 21 12
Purchase of shares of Class A common stock excise tax accrual 57    
Non-controlling Interest      
Cash Flows From Operating Activities      
Net Income 6,089 11,965 10,253
Supplemental Disclosures of Non-cash Financing and Investing Activities      
Notes receivable from new partners issued for capital contributions to Silvercrest L.P.     475
Silvercrest Asset Management Group Inc.'s Equity      
Cash Flows From Operating Activities      
Net Income 9,094 18,828 14,693
Neosho Capital, LLC      
Cash Flows From Financing Activities      
Earn-outs paid related to acquisitions (100) (100)  
Neosho Capital, LLC | Non-controlling Interest      
Supplemental Disclosures of Non-cash Financing and Investing Activities      
Issuance of Class B units/ shares of Silvercrest L. P. in conjunction with the acquisition $ 25 25 25
Cortina Asset Management, LLC | Non-controlling Interest      
Supplemental Disclosures of Non-cash Financing and Investing Activities      
Issuance of Class B units/ shares of Silvercrest L. P. in conjunction with the acquisition   $ 1,122 $ 674

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