Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.21.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 42,644 $ 62,498
Investments 53 914
Receivables, net 8,589 8,341
Due from Silvercrest Funds 1,228 1,018
Furniture, equipment and leasehold improvements, net 5,384 5,523
Goodwill 63,675 63,675
Operating lease assets 29,254 30,068
Finance lease assets 293 254
Intangible assets, net 25,896 26,553
Deferred tax asset—tax receivable agreement 11,398 11,397
Prepaid expenses and other assets 3,807 3,563
Total assets 192,221 213,804
Liabilities and Equity    
Accounts payable and accrued expenses 20,564 18,040
Accrued compensation 9,753 33,849
Borrowings under credit facility 11,732 12,600
Operating lease liabilities 35,231 36,127
Finance lease liabilities 298 259
Deferred tax and other liabilities 9,509 9,530
Total liabilities 87,087 110,405
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of March 31, 2021 and December 31, 2020
Additional Paid-In Capital 51,102 51,039
Retained earnings 20,505 19,498
Total Silvercrest Asset Management Group Inc.’s equity 71,750 70,679
Non-controlling interests 33,384 32,720
Total equity 105,134 103,399
Total liabilities and equity 192,221 213,804
Class A Common Stock    
Equity    
Common stock, value 96 96
Total equity 96 96
Class B Common Stock    
Equity    
Common stock, value 47 46
Total equity $ 47 $ 46