Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 29,967 $ 31,562
Restricted certificates of deposit 80 587
Investments 30 32
Receivables, net 4,512 4,502
Due from Silvercrest Funds 2,524 4,330
Furniture, equipment and leasehold improvements, net 2,162 2,425
Goodwill 25,168 24,682
Intangible assets, net 13,872 15,331
Deferred tax asset—tax receivable agreement 20,506 21,498
Prepaid expenses and other assets 3,729 3,262
Total assets 102,550 108,211
Liabilities and Equity    
Accounts payable and accrued expenses 3,979 4,031
Accrued compensation 16,459 21,786
Notes payable 2,552 4,514
Deferred rent 528 852
Deferred tax and other liabilities 15,596 15,391
Total liabilities 39,114 46,574
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of September 30, 2016 and December 31, 2015
Additional Paid-In Capital 41,235 40,951
Retained earnings 5,600 4,758
Total Silvercrest Asset Management Group Inc.’s equity 46,963 45,835
Non-controlling interests 16,473 15,802
Total equity 63,436 61,637
Total liabilities and equity 102,550 108,211
Class A Common Stock    
Equity    
Common stock, value 80 80
Total equity 80 80
Class B Common Stock    
Equity    
Common stock, value 48 46
Total equity $ 48 $ 46