Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.21.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 65,930 $ 62,498
Investments 53 914
Receivables, net 9,386 8,341
Due from Silvercrest Funds 2,188 1,018
Furniture, equipment and leasehold improvements, net 5,272 5,523
Goodwill 63,675 63,675
Operating lease assets 26,580 30,068
Finance lease assets 276 254
Intangible assets, net 24,582 26,553
Deferred tax asset—tax receivable agreement 11,100 11,397
Prepaid expenses and other assets 3,870 3,563
Total assets 212,912 213,804
Liabilities and Equity    
Accounts payable and accrued expenses 18,763 18,040
Accrued compensation 31,567 33,849
Borrowings under credit facility 9,927 12,600
Operating lease liabilities 32,896 36,127
Finance lease liabilities 283 259
Deferred tax and other liabilities 9,651 9,530
Total liabilities 103,087 110,405
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, 2021 and December 31, 2020
Additional Paid-In Capital 51,408 51,039
Treasury stock, at cost, 27,197 and 0 shares as of September 30, 2021 and December 31, 2020, respectively (418)  
Retained earnings 24,363 19,498
Total Silvercrest Asset Management Group Inc.’s equity 75,497 70,679
Non-controlling interests 34,328 32,720
Total equity 109,825 103,399
Total liabilities and equity 212,912 213,804
Class A Common Stock    
Equity    
Common stock, value 97 96
Total equity 97 96
Class B Common Stock    
Equity    
Common stock, value 47 46
Total equity $ 47 $ 46