Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.22.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 67,558 $ 85,744
Investments 1,190 1,588
Receivables, net 8,988 8,850
Due from Silvercrest Funds 2,029 428
Furniture, equipment and leasehold improvements, net 4,967 5,257
Goodwill 63,675 63,675
Operating lease assets 23,965 26,130
Finance lease assets 217 247
Intangible assets, net 22,637 23,924
Deferred tax asset—tax receivable agreement 8,485 10,797
Prepaid expenses and other assets 3,598 2,678
Total assets 207,309 229,318
Liabilities and Equity    
Accounts payable and accrued expenses 9,622 19,820
Accrued compensation 20,782 41,707
Borrowings under credit facility 7,226 9,025
Operating lease liabilities 30,044 32,371
Finance lease liabilities 222 253
Deferred tax and other liabilities 9,681 9,334
Total liabilities 77,577 112,510
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, 2022 and December 31, 2021
Additional Paid-In Capital 53,283 52,936
Treasury stock, at cost, 33,083 shares as of June 30, 2022 and December 31, 2021 (512) (512)
Retained earnings 37,749 27,782
Total Silvercrest Asset Management Group Inc.’s equity 90,664 80,350
Non-controlling interests 39,068 36,458
Total equity 129,732 116,808
Total liabilities and equity 207,309 229,318
Class A Common Stock    
Equity    
Common stock, value 99 99
Class B Common Stock    
Equity    
Common stock, value $ 45 $ 45