Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities    
Net income $ 13,179 $ 14,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity-based compensation 1,207 1,257
Depreciation and amortization 1,455 1,444
Deferred rent (335) (1,005)
Deferred income taxes 44 22
Non-cash interest on notes receivable from partners (62) (112)
Distributions received from investment funds 1,900 963
Other (4) (4)
Cash flows due to changes in operating assets and liabilities:    
Receivables and due from Silvercrest Funds (227) (1,016)
Prepaid expenses and other assets (561) (1,228)
Accounts payable and accrued expenses 80 209
Accrued compensation 3,003 (204)
Other liabilities 33 (169)
Interest payable on notes payable 235 156
Net cash provided by operating activities 19,947 14,379
Cash Flows From Investing Activities    
Restricted certificates of deposit and escrow (57) 97
Acquisition of furniture, equipment and leasehold improvements (73) (144)
Earn-outs paid related to acquisitions completed before January 1, 2009 (703) (390)
Acquisition of Ten-Sixty (2,500) 0
Purchase of investments   (42)
Proceeds from sale of investments   139
Net cash used in investing activities (3,333) (340)
Cash Flows From Financing Activities    
Earn-outs paid related to acquisitions completed on or after January 1, 2009 (462) (75)
Borrowings under revolving credit facility 7,000  
Payments under revolving credit facility (2,000)  
Contributions from partners 165  
Redemptions of partners’ interests (451) (222)
Repayments of notes payable (704) (499)
Payments on capital leases (14) (12)
Distributions to partners (29,327) (14,712)
Offering costs (1,420)  
Payments from partners on notes receivable 887 2,847
Purchase of Class B units from partners of Silvercrest L.P. (35,365)  
Sale and issuance of Silvercrest Asset Management Group Inc. Class A common stock 56,689  
Net cash used in financing activities (5,002) (12,673)
Net decrease in cash and cash equivalents 11,612 1,366
Cash and cash equivalents, beginning of year 13,443 7,354
Cash and cash equivalents, end of year 25,055 8,720
Net cash paid during the period for:    
Income taxes 1,067 1,013
Interest 73 46
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Notes receivable from new partners issued as capital contributions to Silvercrest L.P. 455 112
Accrual of partner incentive distributions 6,000  
Issuance of notes for redemption of partnership interest 5,300  
Recognition of deferred tax assets as a result of IPO 12,806  
Recognition of tax receivable agreement liability 3,734  
Ten-Sixty
    
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of notes payable for acquisition 1,592  
MW Commodity Advisors, LLC
    
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of notes payable for acquisition   $ 132