Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.23.2
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 47,437 $ 77,432
Investments 146 146
Receivables, net 9,301 9,118
Furniture, equipment and leasehold improvements, net 6,934 5,021
Goodwill 63,675 63,675
Operating lease assets 21,798 23,653
Finance lease assets 283 342
Intangible assets, net 20,124 21,349
Deferred tax asset—tax receivable agreement 5,989 6,915
Prepaid expenses and other assets 5,087 4,447
Total assets 182,540 212,675
Liabilities and Equity    
Accounts payable and accrued expenses 1,891 1,704
Accrued compensation 16,472 39,734
Borrowings under credit facility 3,630 6,337
Operating lease liabilities 28,567 29,552
Finance lease liabilities 286 344
Deferred tax and other liabilities 9,522 9,172
Total liabilities 60,368 86,843
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, 2023 and December 31, 2022
Additional Paid-In Capital 54,448 53,982
Treasury Stock, at cost, 770,635 and 508,782 shares as of June 30, 2023 and December 31, 2022, respectively (14,284) (9,295)
Accumulated other comprehensive income (loss) (5)  
Retained earnings 42,621 39,761
Total Silvercrest Asset Management Group Inc.’s equity 82,925 84,593
Non-controlling interests 39,247 41,239
Total equity 122,172 125,832
Total liabilities and equity 182,540 212,675
Silvercrest Funds    
Assets    
Other Receivables $ 1,766 $ 577
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Class A Common Stock    
Equity    
Common stock, value $ 101 $ 101
Class B Common Stock    
Equity    
Common stock, value $ 44 $ 44