Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Total revenue $ 29,734 $ 32,173 $ 59,164 $ 65,683
Expenses        
Compensation and benefits 16,756 17,971 33,254 36,630
General and administrative 6,460 2,302 12,641 1,714
Total expenses 23,216 20,273 45,895 38,344
Income before other (expense) income, net 6,518 11,900 13,269 27,339
Other (expense) income, net        
Other (expense) income, net 23 7 68 15
Interest income 26 3 45 4
Unrealized gain (loss)   (1)   (1)
Interest expense (112) (83) (228) (161)
Total other (expense) income, net (63) (74) (115) (143)
Income before provision for income taxes 6,455 11,826 13,154 27,196
Provision for income taxes 1,320 2,353 2,709 5,327
Net income 5,135 9,473 10,445 21,869
Less: net income attributable to non-controlling interests (2,050) (3,703) (4,156) (8,531)
Net income attributable to Silvercrest $ 3,085 $ 5,770 $ 6,289 $ 13,338
Net income per share:        
Basic $ 0.33 $ 0.58 $ 0.66 $ 1.35
Diluted $ 0.33 $ 0.58 $ 0.66 $ 1.35
Weighted average shares outstanding:        
Basic 9,456,347 9,887,018 9,502,301 9,878,130
Diluted 9,480,079 9,913,437 9,528,720 9,901,738
Management and Advisory Fees        
Revenue        
Total revenue $ 28,652 $ 31,103 $ 57,020 $ 63,551
Performance Fees        
Revenue        
Total revenue   2   2
Family Office Services        
Revenue        
Total revenue $ 1,082 $ 1,068 $ 2,144 $ 2,130