Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

v3.22.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 77,432 $ 85,744
Investments 146 1,588
Receivables, net 9,118 8,850
Due from Silvercrest Funds 577 428
Furniture, equipment and leasehold improvements, net 5,021 5,257
Goodwill 63,675 63,675
Operating lease assets 23,653 26,130
Finance lease assets 342 247
Intangible assets, net 21,349 23,924
Deferred tax asset—tax receivable agreement 6,915 10,797
Prepaid expenses and other assets 4,447 2,678
Total assets 212,675 229,318
Liabilities and Equity    
Accounts payable and accrued expenses 1,704 19,820
Accrued compensation 39,734 41,707
Borrowings under credit facility 6,337 9,025
Operating lease liabilities 29,552 32,371
Finance lease liabilities 344 253
Deferred tax and other liabilities 9,172 9,334
Total liabilities 86,843 112,510
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 53,982 52,936
Treasury stock, at cost, 508,782 and 33,083 shares as of December 31, 2022 and 2021, respectively (9,295) (512)
Retained earnings 39,761 27,782
Total Silvercrest Asset Management Group Inc.’s equity 84,593 80,350
Non-controlling interests 41,239 36,458
Total equity 125,832 116,808
Total liabilities and equity 212,675 229,318
Class A Common Stock    
Equity    
Common stock, value 101 99
Class B Common Stock    
Equity    
Common stock, value $ 44 $ 45