Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 67,352 $ 85,744
Investments 177 1,588
Receivables, net 9,417 8,850
Due from Silvercrest Funds 2,429 428
Furniture, equipment and leasehold improvements, net 5,040 5,257
Goodwill 63,675 63,675
Operating lease assets 22,839 26,130
Finance lease assets 372 247
Intangible assets, net 21,993 23,924
Deferred tax asset—tax receivable agreement 7,556 10,797
Prepaid expenses and other assets 4,239 2,678
Total assets 205,089 229,318
Liabilities and Equity    
Accounts payable and accrued expenses 2,977 19,820
Accrued compensation 29,001 41,707
Borrowings under credit facility 6,330 9,025
Operating lease liabilities 28,834 32,371
Finance lease liabilities 373 253
Deferred tax and other liabilities 9,603 9,334
Total liabilities 77,118 112,510
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of September 30, 2022 and December 31, 2021
Additional Paid-In Capital 53,232 52,936
Treasury Stock, at cost, 318,592 and 33,083 shares as of September 30, 2022 and December 31, 2021, respectively (5,752) (512)
Retained earnings 39,430 27,782
Total Silvercrest Asset Management Group Inc.’s equity 87,055 80,350
Non-controlling interests 40,916 36,458
Total equity 127,971 116,808
Total liabilities and equity 205,089 229,318
Class A Common Stock    
Equity    
Common stock, value 99 99
Class B Common Stock    
Equity    
Common stock, value $ 46 $ 45