Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 30,015 $ 37,517
Investments 13 335
Receivables, net 5,465 6,270
Due from Silvercrest Funds 3,054 2,876
Furniture, equipment and leasehold improvements, net 2,585 2,411
Goodwill 25,168 25,168
Intangible assets, net 12,491 13,404
Deferred tax asset—tax receivable agreement 19,463 20,221
Prepaid expenses and other assets 3,352 4,079
Total assets 101,606 112,281
Liabilities and Equity    
Accounts payable and accrued expenses 2,923 4,485
Accrued compensation 13,232 23,797
Notes payable 1,654 2,486
Deferred rent 242 436
Deferred tax and other liabilities 15,170 14,993
Total liabilities 33,221 46,197
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of June 30, 2017 and December 31, 2016
Additional Paid-In Capital 41,428 41,260
Retained earnings 7,519 5,916
Total Silvercrest Asset Management Group Inc.’s equity 49,076 47,305
Non-controlling interests 19,309 18,779
Total equity 68,385 66,084
Total liabilities and equity 101,606 112,281
Class A Common Stock    
Equity    
Common stock, value 81 81
Total equity 81 81
Class B Common Stock    
Equity    
Common stock, value 48 48
Total equity $ 48 $ 48