Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.23.3
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 58,867 $ 77,432
Investments 146 146
Receivables, net 9,818 9,118
Furniture, equipment and leasehold improvements, net 7,271 5,021
Goodwill 63,675 63,675
Operating lease assets 20,698 23,653
Finance lease assets 255 342
Intangible assets, net 19,528 21,349
Deferred tax asset—tax receivable agreement 5,525 6,915
Prepaid expenses and other assets 4,330 4,447
Total assets 191,291 212,675
Liabilities and Equity    
Accounts payable and accrued expenses 1,662 1,704
Accrued compensation 24,819 39,734
Borrowings under credit facility 3,624 6,337
Operating lease liabilities 27,452 29,552
Finance lease liabilities 258 344
Deferred tax and other liabilities 9,585 9,172
Total liabilities 67,400 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 September 30, 2023 and December 31, 2022
Additional Paid-In Capital 54,478 53,982
Treasury Stock, at cost, 808,455 and 508,782 shares as of September 30, 2023 and December 31, 2022, respectively (15,057) (9,295)
Accumulated other comprehensive income (loss) (16)  
Retained earnings 44,057 39,761
Total Silvercrest Asset Management Group Inc.’s equity 83,607 84,593
Non-controlling interests 40,284 41,239
Total equity 123,891 125,832
Total liabilities and equity 191,291 212,675
Silvercrest Funds    
Assets    
Other Receivables $ 1,178 $ 577
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Class A Common Stock    
Equity    
Common stock, value $ 101 $ 101
Class B Common Stock    
Equity    
Common stock, value $ 44 $ 44