Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income $ 7,077 $ 9,295
Adjustments to reconcile net income to net cash used in operating activities:    
Equity-based compensation 855 839
Depreciation and amortization 2,118 2,077
Deferred income taxes 890 753
Non-cash interest on notes receivable from partners (9) (1)
Interest on notes payable (0) (19)
Non-cash lease expense 905 2,243
Distributions received from investment funds 1,190 0
Cash flows due to changes in operating assets and liabilities:    
Receivables and Due from Silvercrest Funds (834) (2,234)
Prepaid expenses and other assets (790) (191)
Accounts payable and accrued expenses 986 681
Accrued compensation (22,054) (19,159)
Operating lease liabilities (1,199) (2,391)
Net cash used in operating activities (10,865) (8,107)
Cash Flows from Investing Activities    
Acquisition of furniture, equipment and leasehold improvements (872) (957)
Net cash used in investing activities (872) (957)
Cash Flows from Financing Activities    
Repayments of notes payable 0 (2,700)
Earn-outs paid related to acquisitions 0 (75)
Principal payments on financing leases (65) (63)
Distributions to partners (4,230) (4,916)
Dividends paid on Class A common stock (3,668) (3,614)
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc. (18,948) 0
Payments from partners on notes receivable 76 94
Net cash used in financing activities (26,835) (11,274)
Effect of exchange rate changes on cash and cash equivalents 2 (16)
Net Decrease in Cash and Cash Equivalents (38,570) (20,354)
Cash and cash equivalents, beginning of period 68,611 70,301
Cash and cash equivalents, end of period 30,041 49,947
Net cash paid during the period for:    
Income taxes 931 1,097
Interest 6 57
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Notes receivable from new partners issued for capital contributions to Silvercrest L.P. 410  
Recognition of deferred tax assets as a result of share conversions (620) 182
Issuance of Class B shares of Silvercrest L.P. in conjunction with the acquisition of Neosho 0 25
Accrued dividends 12 $ 14
Purchase of shares of Class A common stock excise tax accrual $ 189