Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.19.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 50,877 $ 69,283
Investments 16 1,493
Receivables, net 6,790 8,022
Due from Silvercrest Funds 831 1,233
Furniture, equipment and leasehold improvements, net 5,498 3,436
Goodwill 27,352 25,168
Operating lease assets 35,220  
Finance lease assets 157  
Intangible assets, net 9,198 9,893
Deferred tax asset—tax receivable agreement 11,407 12,206
Prepaid expenses and other assets 3,939 2,629
Total assets 151,285 133,363
Liabilities and Equity    
Accounts payable and accrued expenses 3,803 2,947
Accrued compensation 13,568 31,470
Deferred rent   7,225
Operating lease liabilities 41,768  
Finance lease liabilities 160  
Deferred tax and other liabilities 9,458 9,322
Total liabilities 68,757 50,964
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, 2019 and December 31, 2018
Additional Paid-In Capital 44,188 43,584
Retained earnings 13,332 12,330
Total Silvercrest Asset Management Group Inc.’s equity 57,653 56,047
Non-controlling interests 24,875 26,352
Total equity 82,528 82,399
Total liabilities and equity 151,285 133,363
Class A Common Stock    
Equity    
Common stock, value 86 85
Total equity 86 85
Class B Common Stock    
Equity    
Common stock, value 47 48
Total equity $ 47 $ 48