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, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 85,744 $ 62,498
Investments 1,588 914
Receivables, net 8,850 8,341
Due from Silvercrest Funds 428 1,018
Furniture, equipment and leasehold improvements, net 5,257 5,523
Goodwill 63,675 63,675
Operating lease assets 26,130 30,068
Finance lease assets 247 254
Intangible assets, net 23,924 26,553
Deferred tax asset—tax receivable agreement 10,797 11,397
Prepaid expenses and other assets 2,678 3,563
Total assets 229,318 213,804
Liabilities and Equity    
Accounts payable and accrued expenses 19,820 18,040
Accrued compensation 41,707 33,849
Borrowings under credit facility 9,025 12,600
Operating lease liabilities 32,371 36,127
Finance lease liabilities 253 259
Deferred tax and other liabilities 9,334 9,530
Total liabilities 112,510 110,405
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 52,936 51,039
Treasury stock, at cost, 33,083 and 0 shares as of December 31, 2021 and 2020, respectively (512)  
Retained earnings 27,782 19,498
Total Silvercrest Asset Management Group Inc.’s equity 80,350 70,679
Non-controlling interests 36,458 32,720
Total equity 116,808 103,399
Total liabilities and equity 229,318 213,804
Class A Common Stock    
Equity    
Common stock, value 99 96
Class B Common Stock    
Equity    
Common stock, value $ 45 $ 46