Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.23.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 41,636 $ 77,432
Investments 146 146
Receivables, net 9,752 9,118
Due from Silvercrest Funds 1,175 577
Furniture, equipment and leasehold improvements, net 5,784 5,021
Goodwill 63,675 63,675
Operating lease assets 23,720 23,653
Finance lease assets 313 342
Intangible assets, net 20,719 21,349
Deferred tax asset—tax receivable agreement 6,617 6,915
Prepaid expenses and other assets 5,076 4,447
Total assets 178,613 212,675
Liabilities and Equity    
Accounts payable and accrued expenses 2,940 1,704
Accrued compensation 8,064 39,734
Borrowings under credit facility 4,533 6,337
Operating lease liabilities 29,522 29,552
Finance lease liabilities 315 344
Deferred tax and other liabilities 9,195 9,172
Total liabilities 54,569 86,843
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, 2023 and December 31, 2022
Additional Paid-In Capital 53,976 53,982
Treasury Stock, at cost, 604,511 and 508,782 shares as of March 31, 2023 and December 31, 2022, respectively (10,939) (9,295)
Accumulated other comprehensive income (loss) (2)  
Retained earnings 41,241 39,761
Total Silvercrest Asset Management Group Inc.’s equity 84,421 84,593
Non-controlling interests 39,623 41,239
Total equity 124,044 125,832
Total liabilities and equity 178,613 212,675
Class A Common Stock    
Equity    
Common stock, value 101 101
Class B Common Stock    
Equity    
Common stock, value $ 44 $ 44