Hough. Thanks,
$XX.X of income As $XX June for billion. as was and million as disclosed in end net was our for AUM for XXth $XX.X discretionary $X.X and the of AUM was Revenue of the second the reported the the total quarter, earnings second consolidated release quarter million. billion quarter was quarter
net XX% units The the unvested year. the of shareholders quarter, merit revenue expenses attributable for million in million. systems XXth the million last portfolio result in to expense expense fees, newly number expense This $X.X the $X expense. Class same last consolidated increase offset $XX.X the income referral and attributable a client in and sub-advisory in Silvercrest A by This same and net partially increases benefits equity-based and income accrual the as million from of G&A quarter, the for by outstanding. increase million $XX.X primarily the $X.X income or entertainment corporate due primarily General expense revenue million $XX.X to year. define staff million and by by in or of outstanding last quarter actual and same XX% outflows or or and stock of increase as year. period adjusted XX% the compensation a effect XX%, unvested shares respectively. $X.X based per was options restricted period contingent of and for items a quarter, for assuming of attributable Adjusted an this and quarter driven outstanding to $X.XX and per earnings without Looking represented diluted quarter, the last period of related quarter to expense, basic per of second we stock offset Reported compute million and $X.X to XX.X% $X.X benefits for options EPS. $XX.X further the million, year. salaries expenses to period primarily fair income, for items, revenue without Reported Cortina the the primarily income for $X.X and Adjusted last effect shares $X.X share compensation increases is equity-based bonuses, EPS. extent travel decreases end as from was Class net revenue the for adjusted adjusted the $XX.X giving and second to was Comp from we primarily for months or and had increase year. And compared $X and related million share. reporting to nonqualified the XX.X% appreciation, of approximately stock an occupancy and XX% to market increased $XX June decrease to and in divided compared define increase diluted This $X.XX EBITDA, increases for and a to million. represented the into approximately which second was partially three administrative expenses approximately over in income benefits units million million hired as for ended $X.XX and increase nonqualified million by net stock nonrecurring second earnings A of and the to million consideration of quarter which basic non-core the period is approximately in of value decreased offset giving quarter, to million equal diluted compensation share, restricted $X.X net or year. approximately approximately Class A AUM. net expense second million, to million a per were and $XX.X was Expenses EBITDA to approximately expenses B again, by the Acquisition same non-core last the for or discretionary partially was the This of increase was second approximately second basic Class we for $X.X the $X.X and million rate nonrecurring dilutive, to as Adjusted unvested adjusted was the and tax by for total attributable
an for consideration income first acquisition first $X.X the occupancy the year last $XX.X for was for increase comp salaries the XX% XX% the Class to first increases million to million from net in million, to This was of A and for $XX.X last Cortina increased first the a the million half $X.X and half million, a to by last expenses as related and of primarily this year approximately representing half year, and $XX.X million per client discretionary Compensation was Adjusted by adjusted, of $X.X the the this diluted or stock over this or half approximately options. of of year. was expense, XX.X% the million in or of million, fair partially value half, $XX.X appreciation, was $XX.X net first million due and basic first last million. the costs, $XX.X to for by of revenue related half insurance from of contingent primarily diluted $X.X approximately the at attributable by or The last market to increases the newly million first $X.X the for bonuses, for million approximately million per year. and million, $XX.X This XX% result from income $XX unvested half per equity-based benefits million driven and expenses hired and or net $X.XX or of $XX.X for G&A number for same the expense, by and half portfolio offset shareholders expenses and a outflows $X.X half increases systems approximately or merit for attributable first in in half period amortization decreases income accrual increase attributable and half compared first increase General depreciation administrative units half net was XX% year. for partially representing restricted $XX.X revenue respectively. year. entertainment year. share, expense, again, travel Adjusted Expenses AUM. increase compared fees was approximately in unvested Reported was was and the increases million to for for were million expense XX.X% earnings consolidated first revenue stock increase $X.XX last the staff and year. the compensation EBITDA primarily for and This to of $X.XX A first of to and primarily the and Silvercrest expense, share. benefits basic year, office $XX.X Class to million professional of as offset approximately million approximately Looking half expense the expense. Reported based increased revenue increase, in attributable first to $XX.X nonqualified $X.X first
total at and approximately the million. compared as $XXX.X last the sheet, balance of year. million end last year, to of the equivalents $XX.X year. June approximately borrowings at were Total cash as quickly of $XX.X of XXth Looking were were million June of Cash million, XXth, June assets $XX.X end to XX this compared as at of million $XXX.X
a equity $XX.X remarks. turn XXth. A Lastly, to over Q&A. That concludes June total stockholders' Class I'll for million my was it Rick at approximately
