Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

v3.3.1.900
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 31,562 $ 30,820
Restricted certificates of deposit and escrow 587 586
Investments 32 1,307
Receivables, net 4,502 4,534
Due from Silvercrest Funds 4,330 3,797
Furniture, equipment and leasehold improvements, net 2,425 2,354
Goodwill 24,682 20,008
Intangible assets, net 15,331 11,167
Deferred tax asset—tax receivable agreement 21,498 23,000
Prepaid expenses and other assets 3,262 2,123
Total assets 108,211 99,696
Liabilities and Equity    
Accounts payable and accrued expenses 4,031 3,291
Accrued compensation 21,786 21,758
Notes payable 4,514 4,124
Borrowings under revolving credit facility   24
Deferred rent 852 1,299
Deferred tax and other liabilities 15,391 16,138
Total liabilities $ 46,574 $ 46,634
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding
Additional Paid-In Capital $ 40,951 $ 39,175
Retained earnings 4,758 3,217
Total Silvercrest Asset Management Group Inc.’s equity 45,835 42,516
Non-controlling interests 15,802 10,546
Total equity 61,637 53,062
Total liabilities and equity 108,211 99,696
Class A Common Stock    
Equity    
Common stock, value 80 78
Total equity 80 78
Class B Common Stock    
Equity    
Common stock, value 46 46
Total equity $ 46 $ 46