Ownership / Silvercrest Asset Management Group Inc. | Tables in SEC filings

SAMG Silvercrest Asset Management Group Inc.

Quarterly report

	September 30, 2024		December 31, 2023
Assets
Cash and cash equivalents	$	58,103	$	70,301
Investments		219		219
Receivables, net		12,833		9,526
Due from Silvercrest Funds		860		558
Furniture, equipment and leasehold improvements, net		7,458		7,422
Goodwill		63,675		63,675
Operating lease assets		16,290		19,612
Finance lease assets		237		330
Intangible assets, net		17,216		18,933
Deferred tax asset—tax receivable agreement		3,749		5,034
Prepaid expenses and other assets		3,530		3,964
Total assets	$	184,170	$	199,574
Liabilities and Equity
Accounts payable and accrued expenses	$	1,718	$	1,990
Accrued compensation		27,238		37,371
Borrowings under credit facility		—		2,719
Operating lease liabilities		22,668		26,277
Finance lease liabilities		245		336
Deferred tax and other liabilities		9,423		9,071
Total liabilities		61,292		77,764
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, 2024 and December 31, 2023		—		—
Class A common stock, par value $0.01, 50,000,000 shares authorized; 10,394,542 and 9,503,410 shares issued and outstanding as of September 30, 2024, respectively; 10,287,452 and 9,478,997 shares issued and outstanding as of and December 31, 2023, respectively		104		103
Class B common stock, par value $0.01, 25,000,000 shares authorized; 4,406,295 and 4,431,105 issued and outstanding, as of September 30, 2024 and December 31, 2023, respectively		43		43
Additional Paid-In Capital		56,643		55,809
Treasury Stock, at cost, 891,132 shares as of September 30, 2024 and 808,455 as of December 31, 2023		(16,421)		(15,057)
Accumulated other comprehensive income (loss)		(19)		(12)
Retained earnings		44,227		41,851
Total Silvercrest Asset Management Group Inc.’s equity		84,577		82,737
Non-controlling interests		38,301		39,073
Total equity		122,878		121,810
Total liabilities and equity	$	184,170	$	199,574

	For the Nine Months Ended September 30,
(in thousands)	2024		2023		2024 vs. 2023 ($)		2024 vs. 2023 (%)
Management and advisory fees	$	88,445	$	85,445	$	3,000		3.5	%
Family office services		3,244		3,423		(179)		(5.2	)%
Total revenue	$	91,689	$	88,868	$	2,821		3.2	%

	Non-Qualified Options Granted
	Units		Fair Value per unit
Total granted at January 1, 2024		147,506	$10.18 – 14.54
Granted		279,529	14.65
Exercised		(456)	14.54
Forfeited		(60,286)	14.54
Total granted at September 30, 2024		366,293	$10.18 – 14.65

Total granted at January 1, 2023		252,904	$10.18 – 14.54
Exercised		(22,070)	13.97
Forfeited		(83,328)	13.97
Total granted at September 30, 2023		147,506	$10.18 – 14.54

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Acquisition costs (a)	$	—	$	—	$	—	$	5
Severance		193		—		253		19
Other (b)		67		119		448		245
Total other adjustments	$	260	$	119	$	701	$	269

	September 30, 2024		December 31, 2023
Leasehold improvements	$	9,439	$	9,439
Furniture and equipment		12,498		11,397
Artwork		619		619
Total cost		22,556		21,455
Accumulated depreciation and amortization		(15,098)		(14,033)
Furniture, equipment and leasehold improvements, net	$	7,458	$	7,422

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