Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities      
Net income $ 8,059 $ 15,709 $ 15,183
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity-based compensation 1,826 1,916 1,627
Depreciation and amortization 2,421 4,146 4,014
Deferred income taxes 1,951 2,014 2,186
Tax receivable agreement adjustment (98) (78) 2
Non-cash interest on notes receivable from partners (20) (1) (4)
Non-cash lease expense 1,864 3,580 4,041
Distributions received from investment funds 1,190 18 0
Equity income from investments (866) (1,154) (73)
Cash flows due to changes in operating assets and liabilities:      
Receivables and due from Silvercrest Funds 1,056 (3,086) (389)
Prepaid expenses and other assets (1,854) (53) (170)
Accounts payable and accrued expenses 2,144 111 214
Accrued compensation 3,556 2,494 (2,363)
Operating lease liabilities (2,645) (4,007) (3,275)
Interest payable on notes payable 23 (19) (18)
Net cash provided by operating activities 18,607 21,590 20,975
Cash Flows From Investing Activities      
Acquisition of furniture, equipment and leasehold improvements (3,632) (1,700) (3,878)
Net cash used in investing activities (3,632) (1,700) (3,878)
Cash Flows From Financing Activities      
Earn-outs paid related to acquisitions 0 (75) (75)
Repayments of notes payable 0 (2,700) (3,600)
Borrowings under credit facility 4,000    
Principal payments on financing leases (132) (120) (117)
Distributions to partners (5,964) (6,720) (7,818)
Dividends paid on Class A common stock (7,073) (7,403) (6,996)
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc. (30,500) (4,625) (5,705)
Payments from partners on issuance of Class B shares 50 0 0
Payments from partners on notes receivable 126 94 95
Net cash used in financing activities (39,493) (21,549) (24,216)
Effect of exchange rate changes on cash and cash equivalents (24) (31) (12)
Net (decrease) increase in cash and cash equivalents (24,542) (1,690) (7,131)
Cash and cash equivalents, beginning of year 68,611 70,301 77,432
Cash and cash equivalents, end of year 44,069 68,611 70,301
Income taxes      
Federal 559 600 375
Foreign 0 0 0
Total income taxes paid 1,697 1,743 1,605
Interest 36 62 332
Supplemental Disclosures of Non-cash Financing and Investing Activities      
Issuance of Class B units of Silvercrest L. P. in conjunction with the acquisition 0 25 25
Notes receivable from new partners issued for capital contributions to Silvercrest L.P. 485 0 0
Class B units issued to a new partner for capital contributions to Silvercrest L.P. 50 0 0
Recognition of deferred tax assets as a result of share conversions (1,070) (1,005) (352)
Assets acquired under capital leases 201 46 109
Accrued dividends 21 30 24
Purchase of shares of Class A common stock excise tax accrual 198 46 57
New York State/City      
Income taxes      
State 903 950 793
Connecticut      
Income taxes      
State 30 65 283
Other      
Income taxes      
State $ 205 $ 128 $ 154