Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 52,832 $ 69,283
Investments 1,781 1,493
Receivables, net 8,958 8,022
Due from Silvercrest Funds 1,697 1,233
Furniture, equipment and leasehold improvements, net 6,015 3,436
Goodwill 63,675 25,168
Operating lease assets 33,485  
Finance lease assets 198  
Intangible assets, net 29,286 9,893
Deferred tax asset—tax receivable agreement 13,190 12,206
Prepaid expenses and other assets 3,132 2,629
Total assets 214,249 133,363
Liabilities and Equity    
Accounts payable and accrued expenses 18,527 2,947
Accrued compensation 32,252 31,470
Borrowings under credit facility 16,200  
Deferred rent   7,225
Operating lease liabilities 39,848  
Finance lease liabilities 196  
Deferred tax and other liabilities 9,419 9,322
Total liabilities 116,442 50,964
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 49,246 43,584
Retained earnings 15,648 12,330
Total Silvercrest Asset Management Group Inc.’s equity 65,036 56,047
Non-controlling interests 32,771 26,352
Total equity 97,807 82,399
Total liabilities and equity 214,249 133,363
Class A Common Stock    
Equity    
Common stock, value 93 85
Total equity 93 85
Class B Common Stock    
Equity    
Common stock, value 49 48
Total equity $ 49 $ 48