Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.20.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 37,679 $ 52,832
Investments 777 1,781
Receivables, net 8,751 8,958
Due from Silvercrest Funds 1,098 1,697
Furniture, equipment and leasehold improvements, net 5,816 6,015
Goodwill 63,675 63,675
Operating lease assets 32,138 33,485
Finance lease assets 232 198
Intangible assets, net 27,880 29,286
Deferred tax asset—tax receivable agreement 11,694 13,190
Prepaid expenses and other assets 3,771 3,132
Total assets 193,511 214,249
Liabilities and Equity    
Accounts payable and accrued expenses 15,096 18,527
Accrued compensation 14,717 32,252
Borrowings under credit facility 14,400 16,200
Operating lease liabilities 38,369 39,848
Finance lease liabilities 233 196
Deferred tax and other liabilities 10,278 9,419
Total liabilities 93,093 116,442
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of June 30, 2020 and December 31, 2019
Additional Paid-In Capital 50,146 49,246
Retained earnings 18,627 15,648
Total Silvercrest Asset Management Group Inc.’s equity 68,915 65,036
Non-controlling interests 31,503 32,771
Total equity 100,418 97,807
Total liabilities and equity 193,511 214,249
Class A Common Stock    
Equity    
Common stock, value 95 93
Total equity 95 93
Class B Common Stock    
Equity    
Common stock, value 47 49
Total equity $ 47 $ 49