Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.19.3
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 40,841 $ 69,283
Investments 16 1,493
Receivables, net 8,867 8,022
Due from Silvercrest Funds 1,549 1,233
Furniture, equipment and leasehold improvements, net 6,019 3,436
Goodwill 63,675 25,168
Operating lease assets 34,467  
Finance lease assets 204  
Intangible assets, net 29,992 9,893
Deferred tax asset—tax receivable agreement 12,913 12,206
Prepaid expenses and other assets 4,555 2,629
Total assets 203,098 133,363
Liabilities and Equity    
Accounts payable and accrued expenses 18,388 2,947
Accrued compensation 21,291 31,470
Borrowings under credit facility 17,100  
Deferred rent   7,225
Operating lease liabilities 40,920  
Finance lease liabilities 206  
Deferred tax and other liabilities 9,958 9,322
Total liabilities 107,863 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 September 30, 2019 and December 31, 2018
Additional Paid-In Capital 48,238 43,584
Retained earnings 14,608 12,330
Total Silvercrest Asset Management Group Inc.’s equity 62,989 56,047
Non-controlling interests 32,246 26,352
Total equity 95,235 82,399
Total liabilities and equity 203,098 133,363
Class A Common Stock    
Equity    
Common stock, value 92 85
Total equity 92 85
Class B Common Stock    
Equity    
Common stock, value 51 48
Total equity $ 51 $ 48