Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.19.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 45,494 $ 69,283
Investments 1,493 1,493
Receivables, net 6,352 8,022
Due from Silvercrest Funds 1,417 1,233
Furniture, equipment and leasehold improvements, net 3,262 3,436
Goodwill 27,352 25,168
Operating lease assets 36,150  
Finance lease assets 180  
Intangible assets, net 9,545 9,893
Deferred tax asset—tax receivable agreement 11,846 12,206
Prepaid expenses and other assets 3,363 2,629
Total assets 146,454 133,363
Liabilities and Equity    
Accounts payable and accrued expenses 4,903 2,947
Accrued compensation 6,368 31,470
Deferred rent   7,225
Operating lease liabilities 42,785  
Finance lease liabilities 183  
Deferred tax and other liabilities 9,175 9,322
Total liabilities 63,414 50,964
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, 2019 and December 31, 2018
Additional Paid-In Capital 43,696 43,584
Retained earnings 12,761 12,330
Total Silvercrest Asset Management Group Inc.’s equity 56,590 56,047
Non-controlling interests 26,450 26,352
Total equity 83,040 82,399
Total liabilities and equity 146,454 133,363
Class A Common Stock    
Equity    
Common stock, value 85 85
Total equity 85 85
Class B Common Stock    
Equity    
Common stock, value 48 48
Total equity $ 48 $ 48