Lazard, Inc. Cash Flow Statement
LAZ / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Lazard, Inc. generated $519M in operating cash flow and $487M in free cash flow in FY2025. Free cash flow margin was 15.3% of revenue.
Based on SEC 10-K filings.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $236.8M | $279.9M | -$75.5M | $357.5M | $528.1M | $402.5M | $286.5M | $527.1M | $253.6M | $387.7M | $986.4M | $427.3M | $160.2M | $84.3M | $174.9M |
| Depreciation & Amortization | $34.2M | $36.3M | $42.9M | $42.3M | $38.3M | $35.1M | $35.6M | $34.1M | $31.5M | $33.3M | $32.8M | $34.5M | $34.8M | $30.9M | $24.6M |
| Operating Cash Flow | $519.3M | $742.8M | $164.7M | $834.0M | $866.1M | $575.9M | $678.0M | $699.0M | $1.0B | $632.6M | $887.3M | $736.0M | $526.7M | $481.9M | $397.8M |
| Capital Expenditures | $31.9M | $45.5M | $28.3M | $49.5M | $39.7M | $64.3M | $42.8M | $49.6M | $27.7M | $38.7M | $26.6M | $22.2M | $61.0M | $89.3M | $46.4M |
| Free Cash Flow | $487.4M | $697.3M | $136.4M | $784.5M | $826.4M | $511.6M | $635.2M | $649.4M | $1.0B | $593.9M | $860.7M | $713.8M | $465.7M | $392.6M | $351.4M |
| Share Buybacks | $91.0M | $59.5M | $102.1M | $691.7M | $406.1M | $95.2M | $494.7M | $552.9M | $306.7M | $300.2M | $172.8M | $192.7M | $132.5M | $354.5M | $204.8M |
| Dividends Paid | $186.6M | $179.0M | $173.1M | $181.9M | $195.9M | $196.6M | $254.9M | $359.6M | $341.4M | $336.1M | $290.7M | $146.2M | $121.6M | $135.1M | $70.6M |
| FCF Margin | 15.3% | 22.2% | 5.3% | 27.5% | 25.2% | 19.3% | 23.8% | 22.5% | 37.1% | 24.9% | 35.8% | 30.2% | 22.6% | 19.7% | 18.3% |