Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Financial Condition

v2.4.0.8
Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 27,122 $ 13,443
Restricted certificates of deposit and escrow 1,021 1,020
Investments 103 1,980
Receivables, net 5,405 3,675
Due from Silvercrest Funds 2,653 1,622
Furniture, equipment and leasehold improvements, net 1,913 2,061
Goodwill 20,031 15,891
Intangible assets, net 12,589 12,363
Deferred tax asset—tax receivable agreement 25,022  
Prepaid expenses and other assets 4,868 399
Total assets 100,727 52,454
Liabilities, Redeemable Partners’ Capital and Stockholders’ Equity/Partners’ Deficit    
Accounts payable and accrued expenses 6,587 4,513
Accrued compensation 17,424 3,656
Notes payable 8,303 3,315
Borrowings under revolving credit facility 3,000  
Deferred rent 1,742 2,268
Deferred tax and other liabilities 15,506 565
Total liabilities 52,562 14,317
Redeemable partners’ capital   102,017
Notes receivable from partners   (3,410)
Total redeemable partners’ capital   98,607
Commitments and Contingencies (Note 10)      
Stockholders’ Equity/Partners’ Deficit    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding      
Additional Paid-In Capital 39,003  
Retained earnings 2,099  
Partners’ capital   47,904
Excess of liabilities, redeemable partners’ capital and partners’ capital over assets   (108,374)
Total stockholders’ equity/partners’ deficit 41,222 (60,470)
Non-controlling interests 6,943  
Total equity/partners’ deficit 48,165 (60,470)
Total liabilities, redeemable partners’ capital and stockholders’ equity/partners’ deficit 100,727 52,454
Class A Common Stock
    
Stockholders’ Equity/Partners’ Deficit    
Common Stock, Value 75  
Total stockholders’ equity/partners’ deficit 75  
Class B Common Stock
    
Stockholders’ Equity/Partners’ Deficit    
Common Stock, Value 45  
Total stockholders’ equity/partners’ deficit $ 45