PJT Partners Inc(NYSE:PJT)
PJT Partners Inc., an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and capital markets advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and...
Website: http://www.pjtpartners.com
Founded: 2015
Full Time Employees: 678
Sector: Financial Services
Industry: Capital Markets
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 418,204,000 | ||||||||||||||||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 280,260,000 | 356,648,000 | 303,329,000 | 276,834,000 | 221,142,000 | 326,022,000 | 226,794,000 | 250,326,000 | 228,928,000 | 232,271,000 | 193,457,000 | 246,614,000 | 133,043,000 | 180,242,000 | 179,080,000 | 150,587,000 | 159,232,000 | 205,174,000 | 148,149,000 | 153,924,000 | 132,793,000 | 197,743,000 | 196,896,000 | 154,730,000 | 134,024,000 | 164,809,000 | 123,040,000 | 119,165,000 | 95,151,000 | 126,679,000 | 99,875,000 | 94,273,000 | 103,632,000 | 140,256,000 | 68,018,000 | 87,564,000 | 95,676,000 | 125,024,000 | 95,841,000 | 71,964,000 | 88,171,000 | 108,375,000 | 67,060,000 |
occupancy and related | 15,630,000 | 15,508,000 | 15,424,000 | 14,865,000 | 13,908,000 | 13,466,000 | 12,961,000 | 12,107,000 | 12,161,000 | 10,721,000 | 9,768,000 | 9,920,000 | 10,011,000 | 9,422,000 | 8,231,000 | 8,658,000 | 8,942,000 | 8,898,000 | 8,569,000 | 8,760,000 | 8,459,000 | 8,405,000 | 8,564,000 | 8,659,000 | 8,654,000 | 8,726,000 | 7,883,000 | 7,802,000 | 7,136,000 | 7,108,000 | 6,641,000 | 6,573,000 | 6,803,000 | 7,278,000 | 6,746,000 | 6,659,000 | 6,206,000 | 6,294,000 | 6,481,000 | 6,622,000 | 6,418,000 | 8,099,000 | 10,539,000 |
travel and related | 13,454,000 | 13,005,000 | 10,379,000 | 11,445,000 | 11,163,000 | 10,533,000 | 8,314,000 | 9,055,000 | 9,101,000 | 8,727,000 | 7,177,000 | 8,314,000 | 6,972,000 | 7,726,000 | 6,336,000 | 6,677,000 | 4,458,000 | 4,094,000 | 2,765,000 | 1,697,000 | 517,000 | 966,000 | 546,000 | 537,000 | 5,296,000 | 6,453,000 | 5,567,000 | 6,721,000 | 6,959,000 | 6,468,000 | 5,449,000 | 5,987,000 | 5,470,000 | 4,292,000 | 3,369,000 | 3,073,000 | 2,883,000 | 2,725,000 | 3,208,000 | 2,802,000 | 2,745,000 | 3,694,000 | 4,029,000 |
professional fees | 9,063,000 | 9,982,000 | 9,775,000 | 9,065,000 | 7,371,000 | 9,607,000 | 10,883,000 | 8,780,000 | 8,349,000 | 7,856,000 | 10,344,000 | 11,454,000 | 6,927,000 | 5,548,000 | 7,375,000 | 7,226,000 | 7,051,000 | 3,193,000 | 8,066,000 | 8,233,000 | 7,717,000 | 6,937,000 | 6,014,000 | 5,540,000 | 4,523,000 | 4,190,000 | 6,120,000 | 5,667,000 | 5,802,000 | 5,341,000 | 6,072,000 | 4,019,000 | 5,199,000 | 3,910,000 | 6,374,000 | 4,803,000 | 4,189,000 | 4,755,000 | 3,983,000 | 6,691,000 | 3,496,000 | 5,534,000 | 8,744,000 |
communications and information services | 10,181,000 | 10,248,000 | 8,502,000 | 9,716,000 | 9,160,000 | 5,087,000 | 4,889,000 | 5,296,000 | 4,778,000 | 4,840,000 | 4,479,000 | 3,761,000 | 4,077,000 | 4,078,000 | 4,155,000 | 4,241,000 | 4,423,000 | 4,512,000 | 4,341,000 | 5,033,000 | 4,174,000 | 4,094,000 | 3,435,000 | 3,594,000 | 3,546,000 | 3,309,000 | 3,365,000 | 3,493,000 | 3,213,000 | 3,018,000 | 2,781,000 | 3,260,000 | 3,480,000 | 2,947,000 | 2,556,000 | 2,854,000 | 2,413,000 | 2,205,000 | 1,970,000 | 2,647,000 | 2,053,000 | 1,631,000 | 2,824,000 |
depreciation and amortization | 3,946,000 | 3,443,000 | 3,406,000 | 3,282,000 | 3,212,000 | 3,205,000 | 2,984,000 | 3,112,000 | 3,498,000 | 3,460,000 | 3,547,000 | 3,597,000 | 3,443,000 | 3,319,000 | 3,755,000 | 4,094,000 | 4,307,000 | 4,215,000 | 3,892,000 | 3,809,000 | 3,834,000 | 3,826,000 | 3,700,000 | 3,709,000 | 3,820,000 | 3,787,000 | 3,454,000 | 3,635,000 | 3,620,000 | 3,611,000 | 2,263,000 | 2,092,000 | 2,007,000 | 1,991,000 | 2,038,000 | 2,022,000 | 2,092,000 | 2,096,000 | 4,004,000 | 4,025,000 | 3,901,000 | 4,027,000 | 7,810,000 |
other expenses | 5,285,000 | 3,420,000 | 5,325,000 | 5,198,000 | 5,997,000 | 6,481,000 | 10,110,000 | 7,106,000 | 8,675,000 | 8,986,000 | 7,037,000 | 8,448,000 | 6,322,000 | 9,625,000 | 9,518,000 | 7,970,000 | 7,758,000 | 8,341,000 | 7,241,000 | 6,779,000 | 5,317,000 | 5,403,000 | 8,312,000 | 6,117,000 | 6,749,000 | 8,476,000 | 5,015,000 | 6,629,000 | 6,262,000 | 6,494,000 | 4,980,000 | 4,328,000 | 4,832,000 | 4,216,000 | 4,963,000 | 4,418,000 | 5,422,000 | 6,415,000 | 7,819,000 | 4,788,000 | 5,787,000 | 1,131,000 | 2,455,000 |
total expenses | 337,819,000 | 412,254,000 | 356,140,000 | 330,405,000 | 271,953,000 | 374,401,000 | 276,935,000 | 295,782,000 | 275,490,000 | 276,861,000 | 235,809,000 | 292,108,000 | 170,795,000 | 219,960,000 | 218,450,000 | 189,453,000 | 196,171,000 | 238,427,000 | 183,023,000 | 188,235,000 | 162,811,000 | 227,374,000 | 227,467,000 | 182,886,000 | 166,612,000 | 199,750,000 | 154,444,000 | 153,112,000 | 128,143,000 | 158,719,000 | 128,061,000 | 120,532,000 | 131,423,000 | 164,890,000 | 94,064,000 | 111,393,000 | 118,881,000 | 149,514,000 | 123,306,000 | 99,539,000 | 112,571,000 | 132,491,000 | 103,461,000 |
income before provision for taxes | 80,385,000 | 122,909,000 | 90,953,000 | 76,479,000 | 52,578,000 | 102,880,000 | 49,387,000 | 64,399,000 | 53,903,000 | 51,693,000 | 42,554,000 | 54,169,000 | 29,193,000 | 59,993,000 | 47,642,000 | 43,688,000 | 50,148,000 | 74,839,000 | 48,275,000 | 52,446,000 | 43,889,000 | 94,629,000 | 70,096,000 | 49,677,000 | 33,559,000 | 48,902,000 | 19,783,000 | 13,592,000 | 2,088,000 | 23,982,000 | -1,960,000 | 2,733,000 | -28,669,000 | 43,861,000 | |||||||||
provision for taxes | -8,868,000 | 23,729,000 | 15,996,000 | 15,041,000 | -21,585,000 | 11,883,000 | 8,314,000 | 11,368,000 | 531,000 | 6,202,000 | 11,401,000 | 13,117,000 | 1,207,000 | 13,923,000 | 8,601,000 | 8,495,000 | 5,680,000 | 10,721,000 | 9,090,000 | 9,590,000 | 93,000 | 13,236,000 | 11,989,000 | 8,760,000 | 1,550,000 | 10,859,000 | 5,002,000 | 3,566,000 | 54,027,000 | -13,258,000 | -871,000 | 5,253,000 | 8,376,000 | -5,539,000 | 1,302,000 | -3,734,000 | 1,971,000 | ||||||
net income | 89,253,000 | 99,180,000 | 74,957,000 | 61,438,000 | 74,163,000 | 90,997,000 | 41,073,000 | 53,031,000 | 53,372,000 | 45,491,000 | 31,153,000 | 41,052,000 | 27,986,000 | 46,070,000 | 39,041,000 | 35,193,000 | 44,468,000 | 64,118,000 | 39,185,000 | 42,856,000 | 43,796,000 | 81,393,000 | 58,107,000 | 40,917,000 | 32,009,000 | 38,043,000 | 14,781,000 | 10,026,000 | 937,000 | 12,530,000 | 12,279,000 | 11,020,000 | 6,729,000 | -28,364,000 | -2,356,000 | -565,000 | 2,959,000 | 18,729,000 | -10,336,000 | -4,716,000 | 1,431,000 | ||
yoy | 20.35% | 8.99% | 82.50% | 15.85% | 38.95% | 100.03% | 31.84% | 29.18% | 90.71% | -1.26% | -20.20% | 16.65% | -37.06% | -28.15% | -0.37% | -17.88% | 1.53% | -21.22% | -32.56% | 4.74% | 36.82% | 113.95% | 293.12% | 308.11% | 3316.12% | 203.62% | 20.38% | -9.02% | -86.08% | -144.18% | -621.18% | -2050.44% | 127.41% | -251.44% | -77.21% | -88.02% | 106.78% | ||||||
qoq | -10.01% | 32.32% | 22.00% | -17.16% | -18.50% | 121.55% | -22.55% | -0.64% | 17.32% | 46.02% | -24.11% | 46.69% | -39.25% | 18.00% | 10.93% | -20.86% | -30.65% | 63.63% | -8.57% | -2.15% | -46.19% | 40.07% | 42.01% | 27.83% | -15.86% | 157.38% | 47.43% | 970.01% | -92.52% | 2.04% | 11.42% | 63.77% | -123.72% | 1103.90% | 316.99% | -119.09% | -84.20% | -281.20% | 119.17% | -429.56% | |||
net income margin % | Infinity% | 18.53% | 16.77% | 15.10% | 22.85% | 19.07% | 12.59% | 14.72% | 16.20% | 13.85% | 11.19% | 11.86% | 13.99% | 16.46% | 14.67% | 15.10% | 18.05% | 20.47% | 16.94% | 17.81% | 21.19% | 25.28% | 19.53% | 17.59% | 15.99% | 15.30% | 8.48% | 6.01% | 0.73% | 7.14% | 8.76% | 8.43% | 5.02% | -14.89% | -3.00% | -0.52% | 2.45% | 10.80% | -8.52% | -5.28% | 1.24% | 0% | 0% |
net income attributable to non-controlling interests | 28,752,000 | 45,820,000 | 35,118,000 | 28,538,000 | 20,147,000 | 39,693,000 | 18,923,000 | 24,715,000 | 20,749,000 | 20,579,000 | 13,743,000 | 18,911,000 | 10,650,000 | 21,496,000 | 17,953,000 | 16,025,000 | 18,764,000 | 29,222,000 | 17,740,000 | 19,711,000 | 17,114,000 | 35,281,000 | 27,200,000 | 19,247,000 | 13,149,000 | 21,233,000 | 7,956,000 | 5,200,000 | -164,000 | 5,091,000 | 4,729,000 | 4,075,000 | 1,493,000 | ||||||||||
net income attributable to pjt partners inc. | 60,501,000 | 53,360,000 | 39,839,000 | 32,900,000 | 54,016,000 | 51,304,000 | 22,150,000 | 28,316,000 | 32,623,000 | 24,912,000 | 17,410,000 | 22,141,000 | 17,336,000 | 24,574,000 | 21,088,000 | 19,168,000 | 25,704,000 | 34,896,000 | 21,445,000 | 23,145,000 | 26,682,000 | 46,112,000 | 30,907,000 | 21,670,000 | 18,860,000 | 16,810,000 | 6,825,000 | 4,826,000 | 1,101,000 | 7,439,000 | 7,550,000 | 6,945,000 | 5,236,000 | -37,445,000 | 3,343,000 | 215,000 | 1,333,000 | 255,000 | |||||
net income per share | 0.01 | 0.07 | 0.36 | -0.53 | -0.02 | 0.01 | |||||||||||||||||||||||||||||||||||||
basic | 2.31 | 2.07 | 1.55 | 1.27 | 2.12 | 2.02 | 0.87 | 1.12 | 1.27 | 0.98 | 0.69 | 0.88 | 0.69 | 0.98 | 0.84 | 0.76 | 1.03 | 1.4 | 0.86 | 0.92 | 1.07 | 1.88 | 1.25 | 0.88 | 0.78 | 0.7 | 0.28 | 0.2 | 0.05 | 0.32 | 0.34 | 0.3 | 0.27 | 0.063 | 0.17 | 0.065 | 0.67 | ||||||
diluted | 2.21 | 1.98 | 1.47 | 1.21 | 1.99 | 1.84 | 0.79 | 1.06 | 1.22 | 0.92 | 0.68 | 0.86 | 0.67 | 0.95 | 0.82 | 0.74 | 1 | 1.27 | 0.82 | 0.89 | 1.03 | 1.53 | 1.22 | 0.86 | 0.72 | 0.69 | 0.28 | 0.2 | 0.04 | 0.31 | 0.33 | 0.3 | 0.24 | 0.055 | 0.16 | 0.065 | 0.67 | ||||||
weighted-average shares of class a common stock outstanding | |||||||||||||||||||||||||||||||||||||||||||
basic | 26,230,685 | 25,723,840 | 25,749,143 | 25,835,812 | 25,524,820 | 25,454,445 | 25,372,621 | 25,376,186 | 25,690,530 | 25,255,327 | 25,193,359 | 25,238,144 | 25,231,815 | 25,077,835 | 24,966,527 | 25,141,339 | 24,989,152 | 24,959,382 | 24,908,606 | 25,051,017 | 24,969,388 | 24,496,285 | 24,645,853 | 24,636,534 | 24,097,715 | 24,007,138 | 24,013,033 | 24,572,535 | 23,760,876 | 21,879,574 | 22,275,847 | 22,641,562 | 19,356,876 | 18,918,181 | 18,872,343 | ||||||||
diluted | 43,282,017 | 28,610,263 | 28,633,155 | 43,440,009 | 44,461,727 | 44,105,131 | 44,642,704 | 43,091,718 | 28,168,504 | 41,882,034 | 26,644,324 | 26,333,261 | 26,918,511 | 26,616,640 | 26,519,173 | 26,421,087 | 26,551,835 | 42,358,705 | 42,010,543 | 42,096,035 | 42,858,757 | 43,127,166 | 26,242,631 | 25,462,235 | 40,353,624 | 25,014,569 | 24,973,570 | 24,572,535 | 40,019,889 | 24,254,061 | 24,112,349 | 24,185,020 | 23,887,322 | 22,918,655 | 18,915,975 | ||||||||
advisory fees | 473,869,000 | 389,799,000 | 354,521,000 | 282,187,000 | 434,453,000 | 283,787,000 | 307,082,000 | 288,681,000 | 290,633,000 | 244,129,000 | 323,794,000 | 168,090,000 | 230,784,000 | 224,405,000 | 186,649,000 | 181,658,000 | 232,599,000 | 179,900,000 | 197,624,000 | 152,600,000 | 260,756,000 | 262,400,000 | 192,539,000 | 156,591,000 | 188,194,000 | 146,075,000 | 133,035,000 | 104,467,000 | 132,635,000 | 117,161,000 | 98,294,000 | 103,463,000 | 153,118,000 | 60,457,000 | 73,349,000 | 99,339,000 | 136,250,000 | 100,728,000 | 59,078,000 | 81,554,000 | 64,543,000 | 116,205,000 | |
placement fees | 53,155,000 | 49,156,000 | 43,219,000 | 36,031,000 | 32,432,000 | 32,464,000 | 46,873,000 | 34,489,000 | 28,338,000 | 26,660,000 | 20,028,000 | 27,585,000 | 43,405,000 | 39,652,000 | 49,482,000 | 60,351,000 | 79,081,000 | 46,891,000 | 40,337,000 | 50,383,000 | 56,211,000 | 31,774,000 | 35,260,000 | 38,992,000 | 55,577,000 | 25,596,000 | 28,695,000 | 23,312,000 | 38,554,000 | 18,229,000 | 28,132,000 | 26,120,000 | 33,873,000 | 15,907,000 | 33,503,000 | 19,502,000 | 36,038,000 | 18,327,000 | 28,652,000 | 31,951,000 | 37,959,000 | 27,776,000 | |
interest income and other | 8,139,000 | 8,138,000 | 9,144,000 | 6,313,000 | 10,396,000 | 10,071,000 | 6,226,000 | 6,223,000 | 9,583,000 | 7,574,000 | 2,455,000 | 4,313,000 | 5,764,000 | 2,035,000 | -2,990,000 | 4,310,000 | 1,586,000 | 4,507,000 | 2,720,000 | 3,717,000 | 5,036,000 | 3,389,000 | 4,764,000 | 4,588,000 | 4,881,000 | 2,556,000 | 4,974,000 | 277,000 | 4,204,000 | 4,753,000 | 4,244,000 | 4,459,000 | 3,562,000 | 2,086,000 | 2,458,000 | 2,128,000 | 1,208,000 | 2,291,000 | 1,554,000 | 1,799,000 | 1,320,000 | 3,341,000 | |
total revenues | 535,163,000 | 447,093,000 | 406,884,000 | 324,531,000 | 477,281,000 | 326,322,000 | 360,181,000 | 329,393,000 | 328,554,000 | 278,363,000 | 346,277,000 | 199,988,000 | 279,953,000 | 266,092,000 | 233,141,000 | 246,319,000 | 313,266,000 | 231,298,000 | 240,681,000 | 206,700,000 | 322,003,000 | 297,563,000 | 232,563,000 | 200,171,000 | 248,652,000 | 174,227,000 | 166,704,000 | 128,056,000 | 175,393,000 | 140,143,000 | 130,670,000 | 134,042,000 | 190,553,000 | 78,450,000 | 109,310,000 | 120,969,000 | 173,496,000 | 121,346,000 | 89,284,000 | 115,304,000 | 103,822,000 | 147,322,000 | |
yoy | 12.13% | 37.01% | 12.97% | -1.48% | 45.27% | 17.23% | 4.02% | 64.71% | 17.36% | 4.61% | 48.53% | -18.81% | -10.63% | 15.04% | -3.13% | 19.17% | -2.71% | -22.27% | 3.49% | 3.26% | 29.50% | 70.79% | 39.51% | 56.32% | 41.77% | 24.32% | 27.58% | -4.47% | -7.96% | 78.64% | 19.54% | 10.81% | 9.83% | -35.35% | 22.43% | 4.91% | 67.11% | -17.63% | |||||
qoq | 19.70% | 9.88% | 25.38% | -32.00% | 46.26% | -9.40% | 9.35% | 0.26% | 18.03% | -19.61% | 73.15% | -28.56% | 5.21% | 14.13% | -5.35% | -21.37% | 35.44% | -3.90% | 16.44% | -35.81% | 8.21% | 27.95% | 16.18% | -19.50% | 42.72% | 4.51% | 30.18% | -26.99% | 25.15% | 7.25% | -2.52% | -29.66% | 142.90% | -28.23% | -9.64% | -30.28% | 42.98% | 35.91% | -22.57% | 11.06% | -29.53% | ||
income before benefit for taxes | -87,000 | 6,209,750 | 12,082,000 | 10,138,000 | 2,619,000 | -2,083,000 | |||||||||||||||||||||||||||||||||||||
benefit for taxes | -1,024,000 | -1,297,250 | -197,000 | -882,000 | -4,110,000 | -1,518,000 | |||||||||||||||||||||||||||||||||||||
dividends declared per share of class a common stock | 0.038 | 0.05 | 0.05 | 0.05 | 0.038 | 0.05 | 0.05 | 0.05 | 0.038 | 0.05 | 0.05 | 0.05 | |||||||||||||||||||||||||||||||
loss before provision for taxes | -3,902,250 | -15,614,000 | -10,255,000 | ||||||||||||||||||||||||||||||||||||||||
net loss attributable to redeemable non-controlling interests | -1,213,250 | -5,699,000 | -960,500 | -625,000 | -4,393,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to redeemable non-controlling interests | -780,000 | 1,626,000 | 1,176,000 | ||||||||||||||||||||||||||||||||||||||||
net income per share | 0.01 | 0.07 | 0.36 | -0.53 | -0.02 | 0.01 | |||||||||||||||||||||||||||||||||||||
weighted-average shares of class a common stock outstanding — basic and diluted | 18,858,010 | 18,825,696 | 18,479,025 | 18,292,717 | 18,319,785 | 18,264,742 | 18,261,984 | 18,258,174 | |||||||||||||||||||||||||||||||||||
net loss attributable to pjt partners inc. | -2,444,750 | -9,711,000 | -323,000 | ||||||||||||||||||||||||||||||||||||||||
revenues earned from affiliates | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to pjt partners | 4,690,000 | 41,890,000 | |||||||||||||||||||||||||||||||||||||||||
pro forma combined statements of operations | |||||||||||||||||||||||||||||||||||||||||||
pro forma provision for taxes | 2,677,750 | 15,763,000 | |||||||||||||||||||||||||||||||||||||||||
pro forma net income | 3,005,500 | 28,098,000 | |||||||||||||||||||||||||||||||||||||||||
pro forma net income attributable to redeemable non-controlling interests | 1,762,750 | 15,470,000 | |||||||||||||||||||||||||||||||||||||||||
pro forma net income attributable to pjt partners | 1,242,750 | 12,628,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 308,776,000 | 538,858,000 | 400,452,000 | 214,615,000 | 194,271,000 | 483,877,000 | 148,836,000 | 164,203,000 | 215,525,000 | 355,543,000 | 116,044,000 | 151,496,000 | 93,541,000 | 173,235,000 | 189,829,000 | 147,319,000 | 75,807,000 | 200,481,000 | 261,102,000 | 139,106,000 | 99,604,000 | 299,513,000 | 138,461,000 | 115,123,000 | 88,344,000 | 215,950,000 | 108,039,000 | 84,214,000 | 54,347,000 | 106,110,000 | 166,374,000 | 95,534,000 | 56,340,000 | 145,619,000 | 102,281,000 | 60,880,000 | 73,465,000 | 152,431,000 | 156,899,000 | 103,200,000 | 85,983,000 | 82,322,000 | 21,691,000 |
investments | 79,354,000 | 46,940,000 | 120,701,000 | 103,767,000 | 32,536,000 | 62,912,000 | 328,206,000 | 186,644,000 | 20,071,000 | 81,382,000 | 239,009,000 | 74,144,000 | 4,998,000 | 50,242,000 | 99,864,000 | 34,167,000 | 19,974,000 | 72,696,000 | 72,684,000 | 72,680,000 | 137,889,000 | 228,423,000 | 131,923,000 | 24,354,000 | 1,543,000 | 10,187,000 | 1,412,000 | 2,090,000 | 2,157,000 | 25,837,000 | 25,363,000 | 25,400,000 | 37,121,000 | 55,112,000 | 34,915,000 | 24,937,000 | |||||||
accounts receivable | 348,941,000 | 404,322,000 | 371,320,000 | 358,954,000 | 338,628,000 | 320,783,000 | 343,572,000 | 343,731,000 | 324,959,000 | 263,529,000 | 324,124,000 | 333,059,000 | 319,559,000 | 317,751,000 | 286,446,000 | 303,112,000 | 352,245,000 | 289,267,000 | 250,443,000 | 300,303,000 | 271,639,000 | 233,166,000 | 277,325,000 | 257,194,000 | 245,746,000 | 227,516,000 | 255,870,000 | 221,901,000 | 203,908,000 | 217,768,000 | 191,820,000 | 211,808,000 | 219,066,000 | 190,389,000 | 168,417,000 | 220,598,000 | 200,358,000 | 227,560,000 | 182,082,000 | 184,585,000 | 182,137,000 | 169,590,000 | 131,828,000 |
intangible assets | 6,182,000 | 7,452,000 | 8,722,000 | 10,159,000 | 11,596,000 | 13,033,000 | 9,270,000 | 10,500,000 | 11,730,000 | 12,960,000 | 14,190,000 | 15,420,000 | 16,650,000 | 17,880,000 | 19,110,000 | 20,596,000 | 22,458,000 | 24,386,000 | 26,314,000 | 28,241,000 | 30,168,000 | 32,030,000 | 34,024,000 | 35,951,000 | 37,879,000 | 39,806,000 | 41,734,000 | 45,192,000 | 47,176,000 | 49,160,000 | 10,544,000 | 11,128,000 | 11,711,000 | 12,295,000 | 12,879,000 | 13,463,000 | 14,046,000 | 14,713,000 | 15,387,000 | 18,014,000 | 20,820,000 | 23,646,000 | 11,849,000 |
goodwill | 191,614,000 | 191,614,000 | 191,614,000 | 191,614,000 | 191,614,000 | 191,614,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 172,725,000 | 170,914,000 | 170,914,000 | 176,031,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 72,286,000 | 75,769,000 | 68,873,000 |
furniture, equipment and leasehold improvements | 66,353,000 | 61,042,000 | 45,994,000 | 33,055,000 | 22,600,000 | 22,137,000 | 23,263,000 | 22,746,000 | 24,006,000 | 25,901,000 | 27,311,000 | 29,358,000 | 30,803,000 | 30,693,000 | 31,272,000 | 33,406,000 | 35,338,000 | 37,147,000 | 37,698,000 | 37,029,000 | 37,046,000 | 38,777,000 | 39,872,000 | 39,566,000 | 39,946,000 | 37,123,000 | 35,864,000 | 35,911,000 | 34,814,000 | 34,805,000 | 35,498,000 | 36,732,000 | 35,687,000 | 33,789,000 | 35,099,000 | 36,087,000 | 37,137,000 | 38,155,000 | 39,533,000 | 37,047,000 | 36,484,000 | 31,490,000 | 41,790,000 |
operating lease right-of-use assets | 345,004,000 | 338,951,000 | 340,817,000 | 346,282,000 | 347,070,000 | 312,903,000 | 313,857,000 | 291,060,000 | 294,955,000 | 299,200,000 | 103,798,000 | 110,654,000 | 114,630,000 | 119,025,000 | 118,230,000 | 126,166,000 | 131,362,000 | 137,916,000 | 142,616,000 | 148,646,000 | 146,413,000 | 150,848,000 | 152,934,000 | 151,924,000 | 158,359,000 | 166,519,000 | 135,283,000 | 140,553,000 | 145,949,000 | ||||||||||||||
other assets | 117,281,000 | 159,114,000 | 149,415,000 | 164,135,000 | 169,271,000 | 142,892,000 | 145,902,000 | 151,573,000 | 163,171,000 | 151,278,000 | 126,343,000 | 129,327,000 | 136,326,000 | 99,929,000 | 77,780,000 | 77,612,000 | 89,230,000 | 61,921,000 | 48,161,000 | 55,776,000 | 60,331,000 | 53,329,000 | 51,292,000 | 55,067,000 | 61,372,000 | 43,358,000 | 42,137,000 | 43,138,000 | 46,057,000 | 26,935,000 | 15,769,000 | 20,284,000 | 22,890,000 | 23,464,000 | 23,216,000 | 26,289,000 | 15,062,000 | 14,374,000 | 18,172,000 | 26,211,000 | 20,229,000 | 14,920,000 | 3,617,000 |
deferred tax asset | 100,274,000 | 94,957,000 | 90,098,000 | 88,817,000 | 89,114,000 | 85,183,000 | 73,892,000 | 74,613,000 | 74,688,000 | 72,460,000 | 71,375,000 | 70,919,000 | 70,579,000 | 69,172,000 | 71,304,000 | 65,507,000 | 64,732,000 | 63,782,000 | 66,311,000 | 61,658,000 | 59,651,000 | 53,330,000 | 52,235,000 | 50,858,000 | 49,986,000 | 48,237,000 | 54,479,000 | 58,309,000 | 61,091,000 | 58,851,000 | 54,899,000 | 50,030,000 | 46,052,000 | 44,002,000 | 92,729,000 | 75,074,000 | 73,305,000 | 70,957,000 | 68,688,000 | ||||
total assets | 1,563,779,000 | 1,843,250,000 | 1,719,133,000 | 1,511,398,000 | 1,396,700,000 | 1,635,334,000 | 1,559,523,000 | 1,417,795,000 | 1,301,830,000 | 1,434,978,000 | 1,194,919,000 | 1,087,102,000 | 959,811,000 | 1,050,652,000 | 1,066,560,000 | 980,610,000 | 963,871,000 | 987,625,000 | 1,078,066,000 | 1,016,168,000 | 950,257,000 | 1,171,607,000 | 1,147,291,000 | 1,010,331,000 | 878,711,000 | 952,777,000 | 856,318,000 | 801,544,000 | 766,346,000 | 671,817,000 | 581,682,000 | 533,744,000 | 501,587,000 | 558,965,000 | 562,019,000 | 539,592,000 | 510,596,000 | 590,476,000 | 559,799,000 | 515,386,000 | 491,684,000 | 467,252,000 | 301,595,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||
accrued compensation and benefits | 131,770,000 | 342,352,000 | 297,329,000 | 156,739,000 | 72,579,000 | 299,255,000 | 242,155,000 | 169,556,000 | 77,930,000 | 174,402,000 | 186,817,000 | 123,190,000 | 17,250,000 | 83,920,000 | 150,452,000 | 91,018,000 | 63,058,000 | 121,717,000 | 178,611,000 | 128,382,000 | 76,209,000 | 253,456,000 | 236,971,000 | 130,249,000 | 63,275,000 | 120,750,000 | 104,209,000 | 60,040,000 | 26,490,000 | 89,642,000 | 101,428,000 | 68,304,000 | 39,676,000 | 96,944,000 | 79,970,000 | 73,976,000 | 39,274,000 | 140,076,000 | 123,311,000 | 78,960,000 | 68,488,000 | 81,221,000 | 19,832,000 |
accounts payable, accrued expenses and other liabilities | 27,785,000 | 34,049,000 | 30,134,000 | 39,986,000 | 34,329,000 | 33,624,000 | 32,649,000 | 26,278,000 | 23,576,000 | 22,302,000 | 26,474,000 | 25,178,000 | 25,384,000 | 24,782,000 | 24,781,000 | 20,781,000 | 21,758,000 | 23,753,000 | 27,024,000 | 25,585,000 | 25,820,000 | 25,944,000 | 23,215,000 | 21,439,000 | 18,822,000 | 24,767,000 | 20,575,000 | 18,567,000 | 20,560,000 | 24,657,000 | 19,522,000 | 20,082,000 | 24,002,000 | 16,873,000 | 22,789,000 | 18,315,000 | 16,999,000 | 17,354,000 | 23,736,000 | 29,147,000 | 39,322,000 | 29,533,000 | 24,795,000 |
operating lease liabilities | 421,499,000 | 413,918,000 | 413,207,000 | 414,659,000 | 410,251,000 | 354,520,000 | 353,308,000 | 325,993,000 | 327,450,000 | 330,600,000 | 118,272,000 | 126,210,000 | 130,690,000 | 135,627,000 | 135,002,000 | 143,839,000 | 150,050,000 | 157,013,000 | 162,408,000 | 169,066,000 | 167,334,000 | 172,291,000 | 174,246,000 | 171,732,000 | 175,552,000 | 182,924,000 | 150,833,000 | 155,979,000 | 161,201,000 | ||||||||||||||
amount due pursuant to tax receivable agreement | 34,556,000 | 30,288,000 | 34,328,000 | 33,470,000 | 32,810,000 | 29,343,000 | 30,703,000 | 30,851,000 | 31,222,000 | 29,672,000 | 32,105,000 | 32,244,000 | 31,714,000 | 30,315,000 | 31,827,000 | 31,316,000 | 31,714,000 | 31,131,000 | 29,206,000 | 25,553,000 | 23,782,000 | 19,573,000 | 12,369,000 | 11,075,000 | 10,363,000 | 9,289,000 | 8,989,000 | 8,916,000 | 9,111,000 | 8,456,000 | 6,102,000 | 4,896,000 | 4,141,000 | 2,857,000 | 3,840,000 | 3,318,000 | 1,911,000 | 964,000 | |||||
taxes payable | 4,221,000 | 5,227,000 | 6,841,000 | 6,582,000 | 5,884,000 | 7,353,000 | 6,618,000 | 5,566,000 | 5,147,000 | 6,573,000 | 8,116,000 | 3,844,000 | 3,727,000 | 3,451,000 | 1,085,000 | 2,408,000 | 2,553,000 | 3,492,000 | 4,662,000 | 2,988,000 | 1,625,000 | 2,735,000 | 9,119,000 | 16,226,000 | 7,685,000 | 4,841,000 | 2,992,000 | 2,576,000 | 3,293,000 | 7,040,000 | 2,938,000 | 2,091,000 | 1,785,000 | 2,413,000 | 1,073,000 | 1,233,000 | 2,288,000 | 1,527,000 | 1,179,000 | 878,000 | 2,430,000 | 1,672,000 | 75,000 |
deferred revenue | 14,225,000 | 8,373,000 | 6,856,000 | 11,360,000 | 16,535,000 | 9,596,000 | 13,564,000 | 11,781,000 | 8,314,000 | 10,265,000 | 11,408,000 | 11,245,000 | 12,897,000 | 12,999,000 | 12,935,000 | 13,597,000 | 14,702,000 | 12,947,000 | 8,406,000 | 7,837,000 | 8,911,000 | 9,762,000 | 10,100,000 | 10,292,000 | 12,701,000 | 14,189,000 | 8,767,000 | 5,965,000 | 7,535,000 | 7,856,000 | 5,696,000 | 3,521,000 | 2,590,000 | 382,000 | 433,000 | 436,000 | 1,419,000 | 786,000 | 5,155,000 | 5,159,000 | 337,000 | 477,000 | 708,000 |
total liabilities | 634,056,000 | 834,207,000 | 788,695,000 | 662,796,000 | 572,388,000 | 733,691,000 | 678,997,000 | 570,025,000 | 473,639,000 | 573,814,000 | 383,192,000 | 321,911,000 | 221,662,000 | 291,094,000 | 356,082,000 | 302,959,000 | 308,835,000 | 350,053,000 | 483,346,000 | 359,411,000 | 303,681,000 | 483,761,000 | 466,020,000 | 361,013,000 | 288,398,000 | 378,260,000 | 322,115,000 | 282,043,000 | 258,190,000 | 184,068,000 | 152,299,000 | 115,868,000 | 89,581,000 | 136,511,000 | 124,894,000 | 113,722,000 | 78,070,000 | 177,060,000 | 170,110,000 | 131,186,000 | 125,774,000 | 125,317,000 | 45,410,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||
class a common stock, par value 0.01 per share... | 380,000 | 360,000 | 359,000 | 359,000 | 359,000 | 340,000 | 338,000 | 337,000 | 336,000 | 324,000 | 323,000 | 322,000 | 322,000 | 310,000 | 308,000 | 305,000 | 305,000 | 292,000 | 270,000 | 269,000 | 269,000 | 267,000 | 266,000 | 266,000 | 266,000 | 251,000 | 251,000 | 251,000 | 251,000 | 240,000 | 220,000 | 213,000 | 197,000 | 186,000 | 186,000 | 185,000 | 185,000 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | |
class b common stock, par value 0.01 per share... | |||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 817,797,000 | 845,060,000 | 807,977,000 | 779,851,000 | 728,120,000 | 688,702,000 | 653,468,000 | 623,308,000 | 630,335,000 | 619,702,000 | 578,055,000 | 541,750,000 | 531,034,000 | 502,585,000 | 476,462,000 | 445,961,000 | 438,634,000 | 391,242,000 | 373,857,000 | 370,875,000 | 377,825,000 | 349,363,000 | 389,848,000 | 374,613,000 | 349,932,000 | 290,896,000 | 277,566,000 | 278,053,000 | 112,306,000 | 150,908,000 | 60,107,000 | 48,487,000 | 34,748,000 | 30,674,000 | 10,204,000 | 9,145,000 | 20,992,000 | 97,825,000 | |||||
retained earnings | 438,161,000 | 384,187,000 | 336,913,000 | 303,159,000 | 276,351,000 | 228,594,000 | 183,256,000 | 167,060,000 | 144,728,000 | 118,332,000 | 99,489,000 | 88,149,000 | 72,076,000 | 60,969,000 | 42,530,000 | 27,573,000 | 14,503,000 | 14,200,000 | |||||||||||||||||||||||||
accumulated other comprehensive income | 1,857,000 | 2,825,000 | 2,801,000 | 3,532,000 | 98,000 | 1,012,000 | -2,274,000 | -3,847,000 | -2,167,000 | -156,000 | 631,000 | 625,000 | 1,685,000 | 1,481,000 | 1,414,000 | -484,000 | -1,469,000 | -1,334,000 | 146,000 | 33,000 | -627,000 | -150,000 | -73,000 | 559,000 | 155,000 | 62,000 | 86,000 | 62,000 | 61,000 | 258,000 | 524,000 | 88,000 | -48,000 | 1,645,000 | |||||||||
treasury stock | -985,466,000 | -924,185,000 | -919,462,000 | -919,462,000 | -856,100,000 | -728,962,000 | -678,961,000 | -655,912,000 | -599,803,000 | -493,222,000 | -482,409,000 | -480,552,000 | -442,664,000 | -376,484,000 | -367,197,000 | -350,926,000 | -323,569,000 | -267,000,000 | -258,278,000 | -243,952,000 | -209,554,000 | -163,658,000 | -156,591,000 | -140,178,000 | -140,178,000 | -114,984,000 | -110,639,000 | -92,856,000 | -67,172,000 | -67,172,000 | -38,099,000 | -28,029,000 | -6,192,000 | -2,302,000 | |||||||||
total pjt partners inc. equity | 272,729,000 | 308,247,000 | 228,588,000 | 167,439,000 | 148,828,000 | 187,013,000 | 159,113,000 | 133,797,000 | 174,605,000 | 244,669,000 | 192,940,000 | 149,107,000 | 159,270,000 | 185,106,000 | 148,256,000 | 120,746,000 | 129,717,000 | 120,232,000 | 77,871,000 | 143,077,000 | 162,306,000 | 154,259,000 | 154,992,000 | 125,481,000 | 80,472,000 | 31,390,000 | 5,476,000 | 18,576,000 | -124,505,000 | -86,487,000 | -154,032,000 | -161,990,000 | -159,106,000 | -157,278,000 | |||||||||
non-controlling interests | 656,994,000 | 700,796,000 | 701,850,000 | 681,163,000 | 675,484,000 | 714,630,000 | 721,413,000 | 713,973,000 | 653,586,000 | 616,495,000 | 618,787,000 | 616,084,000 | 578,879,000 | 574,452,000 | 562,222,000 | 556,905,000 | 525,319,000 | 517,340,000 | 516,849,000 | 513,680,000 | 484,270,000 | 533,587,000 | 526,279,000 | 523,837,000 | 509,841,000 | 543,127,000 | 528,727,000 | 500,925,000 | 632,661,000 | 574,236,000 | 583,415,000 | 579,866,000 | 571,112,000 | 579,732,000 | |||||||||
total equity | 929,723,000 | 1,009,043,000 | 930,438,000 | 848,602,000 | 824,312,000 | 901,643,000 | 880,526,000 | 847,770,000 | 828,191,000 | 861,164,000 | 811,727,000 | 765,191,000 | 738,149,000 | 759,558,000 | 710,478,000 | 677,651,000 | 655,036,000 | 637,572,000 | 594,720,000 | 656,757,000 | 646,576,000 | 687,846,000 | 681,271,000 | 649,318,000 | 590,313,000 | 574,517,000 | 534,203,000 | 519,501,000 | 508,156,000 | 487,749,000 | 429,383,000 | 417,876,000 | 412,006,000 | 422,454,000 | -137,147,000 | -149,721,000 | -62,037,000 | -8,560,000 | -2,329,000 | 85,415,000 | -20,369,000 | -110,850,000 | |
total liabilities and equity | 1,563,779,000 | 1,843,250,000 | 1,719,133,000 | 1,511,398,000 | 1,396,700,000 | 1,635,334,000 | 1,559,523,000 | 1,417,795,000 | 1,301,830,000 | 1,434,978,000 | 1,194,919,000 | 1,087,102,000 | 959,811,000 | 1,050,652,000 | 1,066,560,000 | 980,610,000 | 963,871,000 | 987,625,000 | 1,078,066,000 | 1,016,168,000 | 950,257,000 | 1,171,607,000 | 1,147,291,000 | 1,010,331,000 | 878,711,000 | 952,777,000 | 856,318,000 | 801,544,000 | 766,346,000 | 671,817,000 | 581,682,000 | 533,744,000 | 501,587,000 | 467,252,000 | |||||||||
accumulated other comprehensive loss | -1,661,000 | -996,000 | -991,000 | -467,000 | -2,518,000 | -562,000 | -1,129,000 | -615,000 | |||||||||||||||||||||||||||||||||||
accumulated other comprehensive | -1,498,000 | ||||||||||||||||||||||||||||||||||||||||||
revolving credit facility payable | 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -4,933,000 | -38,603,000 | -7,715,000 | -33,127,000 | -78,047,000 | -107,751,000 | -128,214,000 | -144,919,000 | -160,573,000 | -166,257,000 | -169,923,000 | -169,836,000 | -176,110,000 | -182,588,000 | -188,418,000 | -185,991,000 | -147,599,000 | -149,992,000 | |||||||||||||||||||||||||
dividends payable | 73,029,000 | ||||||||||||||||||||||||||||||||||||||||||
loan payable | 21,500,000 | 25,750,000 | 30,000,000 | 30,000,000 | 30,000,000 | ||||||||||||||||||||||||||||||||||||||
deferred rent liability | 16,417,000 | 16,613,000 | 16,974,000 | 17,387,000 | 17,042,000 | 16,789,000 | 16,444,000 | 16,179,000 | 16,353,000 | 16,729,000 | 17,042,000 | 15,197,000 | 12,414,000 | ||||||||||||||||||||||||||||||
taxes receivable | 8,655,000 | 10,579,000 | 12,155,000 | ||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable non-controlling interests and equity | |||||||||||||||||||||||||||||||||||||||||||
redeemable non-controlling interests | 574,272,000 | 575,591,000 | 494,563,000 | 421,976,000 | 392,018,000 | 298,785,000 | 386,279,000 | 452,785,000 | |||||||||||||||||||||||||||||||||||
total liabilities, redeemable non-controlling interests and equity | 558,965,000 | 562,019,000 | 539,592,000 | 510,596,000 | 590,476,000 | 559,799,000 | 515,386,000 | 491,684,000 | |||||||||||||||||||||||||||||||||||
retained deficit | -62,284,000 | -17,946,000 | -23,759,000 | -13,114,000 | -20,637,000 | -110,982,000 | |||||||||||||||||||||||||||||||||||||
restricted cash | 802,000 | 827,000 | |||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 75,440,000 | 74,043,000 | 72,943,000 | 2,033,000 | |||||||||||||||||||||||||||||||||||||||
receivable from affiliates | 17,647,000 | ||||||||||||||||||||||||||||||||||||||||||
due from blackstone | 2,267,000 | ||||||||||||||||||||||||||||||||||||||||||
former parent company investment | |||||||||||||||||||||||||||||||||||||||||||
liabilities and parent company equity | |||||||||||||||||||||||||||||||||||||||||||
parent company equity | |||||||||||||||||||||||||||||||||||||||||||
parent company investment | 254,540,000 | ||||||||||||||||||||||||||||||||||||||||||
total parent company equity | 256,185,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and parent company equity | 301,595,000 | ||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||
advisory fees | 116,205,000 | ||||||||||||||||||||||||||||||||||||||||||
placement fees | 27,776,000 | ||||||||||||||||||||||||||||||||||||||||||
interest income and other | 3,341,000 | ||||||||||||||||||||||||||||||||||||||||||
total revenues | 147,322,000 | ||||||||||||||||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 67,060,000 | ||||||||||||||||||||||||||||||||||||||||||
occupancy and related | 10,539,000 | ||||||||||||||||||||||||||||||||||||||||||
travel and related | 4,029,000 | ||||||||||||||||||||||||||||||||||||||||||
professional fees | 8,744,000 | ||||||||||||||||||||||||||||||||||||||||||
communications and information services | 2,824,000 | ||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 7,810,000 | ||||||||||||||||||||||||||||||||||||||||||
other incomes | 2,455,000 | ||||||||||||||||||||||||||||||||||||||||||
total expenses | 103,461,000 | ||||||||||||||||||||||||||||||||||||||||||
income before benefit from taxes | 43,861,000 | ||||||||||||||||||||||||||||||||||||||||||
benefit from taxes | 1,971,000 | ||||||||||||||||||||||||||||||||||||||||||
net income attributable to pjt partners | 41,890,000 | ||||||||||||||||||||||||||||||||||||||||||
revenues earned from affiliates | |||||||||||||||||||||||||||||||||||||||||||
pro forma combined statements of operations | |||||||||||||||||||||||||||||||||||||||||||
pro forma benefit from taxes | 15,763,000 | ||||||||||||||||||||||||||||||||||||||||||
pro forma net income | 28,098,000 | ||||||||||||||||||||||||||||||||||||||||||
pro forma net income attributable to redeemable non-controlling interests | 15,470,000 | ||||||||||||||||||||||||||||||||||||||||||
pro forma net income attributable to pjt partners | 12,628,000 | ||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||
basic | 670 | ||||||||||||||||||||||||||||||||||||||||||
diluted | 670 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of class a common stock outstanding |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||
net income | 89,253,000 | 99,180,000 | 74,957,000 | 61,438,000 | 74,163,000 | 90,997,000 | 41,073,000 | 53,031,000 | 53,372,000 | 45,491,000 | 31,153,000 | 41,052,000 | 27,986,000 | 46,070,000 | 39,041,000 | 35,193,000 | 44,468,000 | 64,118,000 | 39,185,000 | 42,856,000 | 43,796,000 | 81,393,000 | 58,107,000 | 40,917,000 | 32,009,000 | 38,043,000 | 14,781,000 | 10,026,000 | 937,000 | 12,530,000 | 12,279,000 | 11,020,000 | 6,729,000 | -28,364,000 | -2,356,000 | -565,000 | 2,959,000 | 18,729,000 | 1,431,000 | -24,935,000 | ||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||
equity-based compensation expense | 85,132,000 | 48,523,000 | 47,571,000 | 49,447,000 | 88,803,000 | 38,940,000 | 51,000,000 | 46,427,000 | 72,818,000 | 42,147,000 | 38,392,000 | 49,200,000 | 48,796,000 | 33,512,000 | 36,646,000 | 36,301,000 | 59,069,000 | 25,563,000 | 26,112,000 | 27,290,000 | 29,948,000 | 25,196,000 | 30,168,000 | 28,216,000 | 37,332,000 | 21,249,000 | 24,670,000 | 30,676,000 | 34,973,000 | 27,465,000 | 26,372,000 | 27,092,000 | 37,062,000 | 27,549,000 | 27,689,000 | 27,434,000 | 33,256,000 | 23,928,000 | 22,897,000 | 21,567,000 | 20,618,000 | 19,052,000 |
depreciation and amortization expense | 3,946,000 | 3,443,000 | 3,406,000 | 3,282,000 | 3,212,000 | 3,205,000 | 2,984,000 | 3,112,000 | 3,498,000 | 3,460,000 | 3,547,000 | 3,597,000 | 3,443,000 | 3,319,000 | 3,755,000 | 4,094,000 | 4,307,000 | 4,215,000 | 3,892,000 | 3,809,000 | 3,834,000 | 3,826,000 | 3,700,000 | 3,709,000 | 3,820,000 | 3,787,000 | 3,454,000 | 3,635,000 | 3,620,000 | 3,611,000 | 2,263,000 | 2,092,000 | 2,007,000 | 1,991,000 | 2,038,000 | 2,022,000 | 2,092,000 | |||||
amortization of operating lease right-of-use assets | 4,731,000 | 4,587,000 | 4,455,000 | 4,532,000 | 4,330,000 | 4,024,000 | 3,944,000 | 3,958,000 | 3,941,000 | 5,097,000 | 5,645,000 | 6,204,000 | 5,667,000 | 5,479,000 | 4,929,000 | 4,965,000 | 5,362,000 | 4,828,000 | 4,782,000 | 4,785,000 | 4,780,000 | 4,831,000 | 4,893,000 | 6,388,000 | 5,193,000 | 4,930,000 | 4,586,000 | |||||||||||||||
provision for credit losses | 170,000 | -2,720,000 | -756,000 | 1,074,000 | 1,605,000 | -1,495,000 | 578,000 | 2,646,000 | 1,981,000 | 1,751,000 | 564,000 | 2,121,000 | 453,000 | 61,000 | 1,069,000 | 223,000 | 1,464,000 | 1,513,000 | 171,000 | 1,377,000 | -192,000 | -79,000 | 283,000 | 65,000 | 997,000 | |||||||||||||||||
other | -2,692,000 | 2,544,000 | -1,240,000 | -5,024,000 | -210,000 | 2,230,000 | -4,769,000 | -206,000 | 857,000 | 417,000 | -2,143,000 | 560,000 | 231,000 | -1,678,000 | -41,000 | 6,348,000 | -1,836,000 | 326,000 | -2,160,000 | -1,441,000 | -1,399,000 | -3,432,000 | -612,000 | -372,000 | 279,000 | 752,000 | 1,902,000 | 423,000 | 489,000 | 1,120,000 | -151,000 | 388,000 | -2,426,000 | 2,027,000 | -643,000 | |||||||
cash flows due to changes in operating assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 53,912,000 | -30,714,000 | -12,443,000 | -16,053,000 | -16,644,000 | 27,199,000 | 3,018,000 | -22,103,000 | -64,034,000 | 61,837,000 | 6,627,000 | -14,950,000 | -1,610,000 | -25,705,000 | 13,079,000 | 45,101,000 | -64,972,000 | -40,668,000 | 49,259,000 | -28,538,000 | -41,087,000 | 45,691,000 | -18,653,000 | -9,999,000 | -21,982,000 | 29,523,000 | -37,041,000 | -17,399,000 | 13,858,000 | -24,752,000 | 18,467,000 | 3,146,000 | -33,454,000 | -21,716,000 | 53,643,000 | -19,084,000 | 28,336,000 | -49,447,000 | 805,000 | -4,270,000 | -11,941,000 | -36,353,000 |
other assets | 45,545,000 | -10,575,000 | 15,426,000 | 8,883,000 | -8,361,000 | 3,720,000 | 6,606,000 | 11,270,000 | -10,565,000 | -7,066,000 | 2,527,000 | 6,564,000 | -35,540,000 | -22,751,000 | -302,000 | 6,115,000 | -25,721,000 | -13,667,000 | 9,595,000 | 5,248,000 | -4,236,000 | 1,809,000 | 4,074,000 | 5,946,000 | -18,319,000 | -1,143,000 | 690,000 | 2,839,000 | -19,998,000 | 331,000 | 4,481,000 | 2,381,000 | -8,123,000 | -174,000 | 3,170,000 | -11,093,000 | -603,000 | 3,407,000 | 8,017,000 | -6,050,000 | -5,803,000 | -11,145,000 |
accrued compensation and benefits | -208,892,000 | 43,528,000 | 140,245,000 | 80,812,000 | -228,542,000 | 54,725,000 | 68,792,000 | 90,467,000 | -95,842,000 | -14,572,000 | 64,516,000 | 104,903,000 | -66,609,000 | -71,852,000 | 65,503,000 | 28,746,000 | -57,744,000 | -57,418,000 | 51,863,000 | 51,938,000 | -177,771,000 | 12,737,000 | 105,259,000 | 67,267,000 | -55,645,000 | 14,010,000 | 45,572,000 | 34,275,000 | -63,913,000 | -11,219,000 | 33,897,000 | 30,336,000 | -58,431,000 | 16,786,000 | 4,702,000 | 33,456,000 | -101,042,000 | 18,004,000 | 45,971,000 | 11,495,000 | -12,310,000 | 42,492,000 |
accounts payable, accrued expenses and other liabilities | -11,751,000 | 1,138,000 | -9,803,000 | 6,671,000 | 362,000 | -18,105,000 | 6,328,000 | 1,089,000 | -1,509,000 | -29,479,000 | 1,311,000 | -396,000 | 324,000 | -309,000 | 4,496,000 | -667,000 | -1,862,000 | -3,245,000 | 1,519,000 | -245,000 | -102,000 | 2,363,000 | 1,665,000 | 2,747,000 | -5,957,000 | 3,996,000 | 2,248,000 | -1,846,000 | -3,043,000 | -3,494,000 | -1,161,000 | -3,775,000 | 6,828,000 | -5,867,000 | 4,454,000 | 1,336,000 | -245,000 | -600,000 | -5,160,000 | -7,913,000 | 12,554,000 | 578,000 |
taxes payable | -997,000 | -1,587,000 | 342,000 | 469,000 | -1,586,000 | 1,042,000 | 831,000 | 394,000 | -1,359,000 | -1,770,000 | 4,457,000 | 80,000 | 255,000 | 2,268,000 | -1,293,000 | 19,000 | -889,000 | -1,138,000 | 1,721,000 | 1,373,000 | -1,109,000 | -6,405,000 | -7,105,000 | 8,539,000 | 2,838,000 | 1,838,000 | 493,000 | -685,000 | -3,855,000 | 4,248,000 | 877,000 | 321,000 | -635,000 | 1,327,000 | -165,000 | -1,054,000 | 759,000 | 350,000 | 300,000 | -1,554,000 | 759,000 | 499,000 |
deferred revenue | 5,894,000 | 1,514,000 | -6,057,000 | -5,104,000 | 6,929,000 | -2,242,000 | 74,000 | 3,469,000 | -1,937,000 | -1,189,000 | 179,000 | -1,662,000 | -105,000 | 45,000 | -650,000 | -1,095,000 | 1,755,000 | 4,542,000 | 570,000 | -1,074,000 | -856,000 | -378,000 | -214,000 | -2,420,000 | -1,414,000 | 5,367,000 | 2,824,000 | -1,568,000 | -329,000 | -4,402,000 | 2,180,000 | 947,000 | 1,186,000 | -56,000 | -10,000 | -990,000 | 635,000 | -4,333,000 | 8,000 | 4,819,000 | -140,000 | -231,000 |
net cash from operating activities | 64,251,000 | 155,707,000 | 256,103,000 | 190,427,000 | -75,939,000 | 195,716,000 | 180,459,000 | 193,554,000 | -38,779,000 | 123,774,000 | 150,145,000 | 190,604,000 | -22,989,000 | -35,453,000 | 160,708,000 | 159,715,000 | -42,239,000 | -9,484,000 | 181,239,000 | 102,151,000 | -149,745,000 | 169,530,000 | 177,865,000 | 147,250,000 | -25,059,000 | 124,403,000 | 63,786,000 | 63,134,000 | -39,918,000 | 4,669,000 | 98,117,000 | 73,118,000 | -52,964,000 | 40,075,000 | 75,645,000 | 31,209,000 | -35,714,000 | 19,862,000 | 66,581,000 | 19,564,000 | 10,844,000 | -25,251,000 |
capital expenditures | -8,256,000 | -17,154,000 | -15,207,000 | -11,518,000 | -1,982,000 | -425,000 | -1,918,000 | -516,000 | -439,000 | -504,000 | -549,000 | -728,000 | -2,146,000 | -926,000 | -756,000 | -946,000 | -806,000 | -1,720,000 | -2,900,000 | -1,809,000 | -43,000 | -172,000 | -1,664,000 | -1,654,000 | -5,364,000 | -2,452,000 | -1,882,000 | -2,916,000 | -1,561,000 | -742,000 | -504,000 | -2,821,000 | -3,139,000 | -218,000 | -317,000 | -181,000 | -346,000 | -337,000 | -4,035,000 | -2,284,000 | -6,432,000 | -30,228,000 |
free cash flows | 55,995,000 | 138,553,000 | 240,896,000 | 178,909,000 | -77,921,000 | 195,291,000 | 178,541,000 | 193,038,000 | -39,218,000 | 123,270,000 | 149,596,000 | 189,876,000 | -25,135,000 | -36,379,000 | 159,952,000 | 158,769,000 | -43,045,000 | -11,204,000 | 178,339,000 | 100,342,000 | -149,788,000 | 169,358,000 | 176,201,000 | 145,596,000 | -30,423,000 | 121,951,000 | 61,904,000 | 60,218,000 | -41,479,000 | 3,927,000 | 97,613,000 | 70,297,000 | -56,103,000 | 39,857,000 | 75,328,000 | 31,028,000 | -36,060,000 | 19,525,000 | 62,546,000 | 17,280,000 | 4,412,000 | -55,479,000 |
investing activities | ||||||||||||||||||||||||||||||||||||||||||
purchases of investments | -59,360,000 | -19,628,000 | -80,917,000 | -69,334,000 | -12,514,000 | -19,206,000 | -165,322,000 | -165,460,000 | -20,000,000 | -32,063,000 | -217,859,000 | -73,849,000 | -4,996,000 | 0 | -89,765,000 | -34,185,000 | -19,979,000 | 0 | 0 | 0 | -97,638,000 | -2,530,000 | -128,936,000 | -122,676,000 | -23,918,000 | -1,324,000 | 0 | -1,139,000 | 1,000 | -20,862,000 | -1,990,000 | -20,178,000 | -9,995,000 | -25,000,000 | ||||||||
proceeds from sales and maturities of investments | 26,943,000 | 93,777,000 | 63,406,000 | 0 | 42,526,000 | 282,810,000 | 29,043,000 | 0 | 80,221,000 | 189,175,000 | 54,376,000 | 4,996,000 | 49,801,000 | 49,858,000 | 24,291,000 | 72,644,000 | 0 | 0 | 162,813,000 | 92,415,000 | 32,451,000 | 14,972,000 | 1,324,000 | 9,929,000 | ||||||||||||||||||
purchases of furniture, equipment and leasehold improvements | -8,256,000 | -17,154,000 | -15,207,000 | -11,518,000 | -1,982,000 | -425,000 | -1,918,000 | -516,000 | -439,000 | -504,000 | -549,000 | -728,000 | -2,146,000 | -926,000 | -756,000 | -946,000 | -806,000 | -1,720,000 | -2,900,000 | -1,809,000 | -43,000 | -172,000 | -1,664,000 | -1,654,000 | -5,364,000 | -2,452,000 | -1,882,000 | -2,916,000 | -1,561,000 | -742,000 | -504,000 | -2,821,000 | -3,139,000 | -218,000 | -317,000 | -181,000 | -346,000 | -337,000 | -4,035,000 | -2,284,000 | -6,432,000 | -30,228,000 |
net cash from investing activities | -40,673,000 | 56,995,000 | -32,718,000 | -80,852,000 | 28,030,000 | 252,452,000 | -138,197,000 | -165,976,000 | 59,782,000 | 156,608,000 | -164,032,000 | -69,581,000 | 42,659,000 | 48,932,000 | -66,230,000 | -15,152,000 | -20,785,000 | 70,924,000 | -2,900,000 | -1,809,000 | 65,132,000 | 89,713,000 | -98,149,000 | -109,358,000 | -27,958,000 | 6,153,000 | -10,881,000 | -2,916,000 | 5,924,000 | -39,197,000 | -660,000 | -2,820,000 | 11,184,000 | 17,780,000 | -20,495,000 | -10,176,000 | -25,346,000 | -358,000 | -4,057,000 | -1,484,000 | -5,894,000 | -19,832,000 |
financing activities | ||||||||||||||||||||||||||||||||||||||||||
dividends | -6,527,000 | -6,086,000 | -6,085,000 | -6,092,000 | -6,259,000 | -5,966,000 | -5,954,000 | -5,984,000 | -6,227,000 | -6,069,000 | -6,070,000 | -6,068,000 | -6,229,000 | -6,135,000 | -6,131,000 | -6,098,000 | -6,268,000 | -74,255,000 | -1,219,000 | -1,230,000 | -1,270,000 | -1,192,000 | -1,203,000 | -1,207,000 | -1,217,000 | -1,156,000 | -1,141,000 | -1,160,000 | -1,188,000 | -1,165,000 | -1,072,000 | -1,115,000 | -967,000 | -947,000 | -949,000 | -950,000 | -950,000 | -932,000 | -934,000 | -928,000 | -934,000 | |
employee taxes paid for shares withheld | -46,955,000 | -597,000 | -95,000 | -300,000 | -53,890,000 | -6,178,000 | -3,458,000 | -888,000 | -26,953,000 | -1,422,000 | -1,470,000 | -175,000 | -16,339,000 | -1,107,000 | -1,298,000 | -20,000 | -15,367,000 | -2,178,000 | -180,000 | 0 | -20,415,000 | -424,000 | -139,000 | -17,000 | -12,124,000 | -143,000 | -178,000 | -673,000 | -8,604,000 | -751,000 | -629,000 | -1,584,000 | -19,468,000 | -14,000 | -562,000 | -130,000 | -3,368,000 | |||||
cash-settled exchanges of partnership units | -135,994,000 | -19,355,000 | -33,136,000 | -23,942,000 | -57,310,000 | -17,319,000 | -13,076,000 | -11,539,000 | -18,743,000 | -2,684,000 | -161,000 | -8,706,000 | -10,737,000 | -2,728,000 | -1,397,000 | -4,436,000 | -6,559,000 | -13,704,000 | -30,662,000 | -16,730,000 | -48,478,000 | -70,851,000 | -10,789,000 | -8,775,000 | -11,480,000 | -4,482,000 | -4,421,000 | -613,000 | -9,437,000 | -23,229,000 | -14,781,000 | -6,612,000 | -24,306,000 | -6,147,000 | -7,198,000 | -19,116,000 | -13,050,000 | |||||
treasury stock purchases | -61,281,000 | -4,723,000 | 0 | -63,362,000 | -127,138,000 | -49,517,000 | -23,049,000 | -56,109,000 | -106,429,000 | -10,813,000 | -1,857,000 | -37,888,000 | -66,180,000 | -9,287,000 | -16,271,000 | -27,357,000 | -56,569,000 | -8,722,000 | -14,326,000 | -34,398,000 | -45,896,000 | -7,067,000 | -16,413,000 | 0 | -25,194,000 | -4,345,000 | -17,783,000 | -29,073,000 | -10,070,000 | -21,837,000 | -3,890,000 | |||||||||||
payments pursuant to tax receivable agreement | -4,169,000 | 1,000 | -1,000 | -409,000 | -2,858,000 | -107,000 | -2,260,000 | -11,000 | -1,563,000 | -2,533,000 | -725,000 | 0 | 0 | -1,165,000 | 0 | 0 | 0 | -210,000 | 0 | 0 | 0 | -10,000 | ||||||||||||||||||||
net cash from financing activities | -250,757,000 | -75,177,000 | -39,315,000 | -94,294,000 | -245,006,000 | -106,526,000 | -63,390,000 | -80,416,000 | -158,352,000 | -44,176,000 | -19,401,000 | -65,015,000 | -99,485,000 | -34,959,000 | -44,519,000 | -70,780,000 | -59,763,000 | -122,477,000 | -52,992,000 | -60,675,000 | -117,239,000 | -104,403,000 | -58,426,000 | -10,038,000 | -71,554,000 | -25,734,000 | -27,898,000 | -28,180,000 | -19,479,000 | -24,248,000 | -26,577,000 | -31,189,000 | -48,666,000 | -14,169,000 | -14,168,000 | -33,911,000 | -17,391,000 | -23,648,000 | -6,965,000 | -945,000 | -959,000 | 105,714,000 |
effect of exchange rate changes on cash and cash equivalents | -2,903,000 | 881,000 | 1,767,000 | 5,063,000 | 3,309,000 | -6,601,000 | 5,761,000 | 1,516,000 | -2,669,000 | 3,293,000 | -2,164,000 | 1,947,000 | 121,000 | 4,886,000 | -7,449,000 | -2,271,000 | -1,887,000 | 416,000 | -3,351,000 | -165,000 | 1,943,000 | 6,212,000 | 2,048,000 | -1,075,000 | -3,035,000 | 3,089,000 | -1,182,000 | -2,171,000 | 1,710,000 | -1,488,000 | -40,000 | 85,000 | 1,167,000 | -348,000 | 419,000 | 293,000 | -515,000 | -324,000 | -1,860,000 | 82,000 | -330,000 | |
net increase in cash and cash equivalents | -230,082,000 | 161,052,000 | 107,911,000 | -60,264,000 | 43,338,000 | 41,401,000 | -12,585,000 | -78,966,000 | -4,468,000 | 53,699,000 | 17,217,000 | 3,661,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 538,858,000 | 0 | 0 | 0 | 483,877,000 | 0 | 0 | 0 | 355,543,000 | 0 | 0 | 0 | 173,235,000 | 0 | 0 | 0 | 200,481,000 | 0 | 0 | 0 | 299,513,000 | 0 | 0 | 0 | 215,950,000 | 0 | 0 | 0 | 106,110,000 | 0 | 0 | 0 | 145,619,000 | 0 | 0 | 0 | 152,431,000 | 0 | 0 | 0 | 82,322,000 | 0 |
cash and cash equivalents, end of period | 308,776,000 | 138,406,000 | 185,837,000 | 20,344,000 | 194,271,000 | 335,041,000 | -15,367,000 | -51,322,000 | 215,525,000 | 239,499,000 | -35,452,000 | 57,955,000 | 93,541,000 | -16,594,000 | 42,510,000 | 71,512,000 | 75,807,000 | -60,621,000 | 121,996,000 | 39,502,000 | 99,604,000 | 161,052,000 | 23,338,000 | 26,779,000 | 88,344,000 | 107,911,000 | 23,825,000 | 29,867,000 | 54,347,000 | -60,264,000 | 70,840,000 | 39,194,000 | 56,340,000 | 43,338,000 | 41,401,000 | -12,585,000 | 73,465,000 | -4,468,000 | 53,699,000 | 17,217,000 | 85,983,000 | 60,631,000 |
supplemental disclosure of cash flows information | ||||||||||||||||||||||||||||||||||||||||||
payments for income taxes, net of refunds received | 4,106,000 | 32,035,000 | 4,300,000 | 3,394,000 | 4,688,000 | 20,655,000 | 12,246,000 | 964,000 | 2,217,000 | 17,089,000 | 1,630,000 | 3,894,000 | 675,000 | 9,722,000 | 14,086,000 | 2,699,000 | 2,071,000 | 21,558,000 | 4,160,000 | 757,000 | 4,458,000 | 14,432,000 | 19,083,000 | 239,000 | 2,407,000 | -2,207,000 | 383,000 | 1,414,000 | 4,253,000 | -604,000 | 458,000 | 43,000 | 604,000 | 554,000 | 12,678,000 | 2,160,000 | ||||||
deferred taxes | 7,003,000 | 0 | 0 | -92,000 | 6,216,000 | 3,973,000 | 2,758,000 | -1,438,000 | -909,000 | -3,425,000 | -2,896,000 | -602,000 | 49,350,000 | -17,019,000 | -131,000 | -1,239,000 | 5,288,000 | -1,245,000 | ||||||||||||||||||||||||
cash paid for acquisition, net of cash received | ||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 0 | 0 | 0 | 15,000,000 | 0 | 0 | 0 | 42,000,000 | 0 | 0 | 0 | 15,000,000 | 0 | 0 | 0 | 16,000,000 | 0 | 0 | 0 | 15,000,000 | ||||||||||||||||||||||
payments on revolving credit facility | 0 | 0 | 0 | -15,000,000 | 0 | 0 | -25,000,000 | -17,000,000 | 0 | 0 | 0 | -15,000,000 | 0 | 0 | 0 | -16,000,000 | 0 | 0 | 0 | -15,000,000 | ||||||||||||||||||||||
tax distributions | -40,247,000 | 0 | -24,688,000 | -17,746,000 | -20,928,000 | -9,832,000 | -14,139,000 | -16,889,000 | -22,930,000 | -6,595,000 | -24,854,000 | -11,319,000 | -89,000 | 0 | 0 | -4,734,000 | -5,434,000 | -6,630,000 | ||||||||||||||||||||||||
payments for interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 109,000 | 233,000 | 314,000 | 364,000 | 475,000 | ||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 185,837,000 | 20,344,000 | -289,606,000 | -15,367,000 | -51,322,000 | -140,018,000 | -35,452,000 | 57,955,000 | -79,694,000 | 42,510,000 | 71,512,000 | -124,674,000 | 121,996,000 | 39,502,000 | -199,909,000 | 26,779,000 | -127,606,000 | 29,867,000 | -51,763,000 | 39,194,000 | -89,279,000 | |||||||||||||||||||||
non-cash receipt of shares | 0 | 0 | 0 | 1,125,000 | 0 | 0 | 0 | 2,254,000 | ||||||||||||||||||||||||||||||||||
operating lease liabilities | -6,630,000 | -6,669,000 | -6,280,000 | -5,696,000 | -5,524,000 | -5,628,000 | -5,640,000 | -5,549,000 | -5,270,000 | -5,227,000 | -5,351,000 | -5,025,000 | -3,700,000 | -3,753,000 | -4,118,000 | -4,165,000 | -4,366,000 | -4,878,000 | -5,137,000 | |||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities | ||||||||||||||||||||||||||||||||||||||||||
principal payments on term loan | 0 | 0 | 0 | -21,500,000 | -4,250,000 | |||||||||||||||||||||||||||||||||||||
dividends declared, but not yet paid | ||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from (used in) operating activities | ||||||||||||||||||||||||||||||||||||||||||
settlement of acquisition-related escrow | 0 | 0 | 0 | 7,485,000 | ||||||||||||||||||||||||||||||||||||||
principal payments on finance leases | -10,000 | -12,000 | -15,000 | -15,000 | -51,000 | -39,000 | -39,000 | -39,000 | -36,000 | -30,000 | -40,000 | |||||||||||||||||||||||||||||||
deferred rent liability | -343,000 | -309,000 | -174,000 | 188,000 | 222,000 | 224,000 | 100,000 | -222,000 | -219,000 | -226,000 | 2,177,000 | 2,872,000 | ||||||||||||||||||||||||||||||
proceeds from term loan | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of significant non-cash activities | ||||||||||||||||||||||||||||||||||||||||||
acquisition of camberview partners holdings, llc | ||||||||||||||||||||||||||||||||||||||||||
assets acquired | ||||||||||||||||||||||||||||||||||||||||||
liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||
equity purchase price consideration | ||||||||||||||||||||||||||||||||||||||||||
gain on reversal of amount due pursuant to tax receivable agreement | ||||||||||||||||||||||||||||||||||||||||||
maturities of investments | 23,008,000 | 983,000 | 0 | 35,185,000 | ||||||||||||||||||||||||||||||||||||||
amortization of right-of-use assets | 3,632,000 | |||||||||||||||||||||||||||||||||||||||||
bad debt expense | 286,000 | 676,000 | 99,000 | -82,000 | 408,000 | 199,000 | 1,694,000 | 1,253,000 | 1,210,000 | -25,000 | -1,520,000 | |||||||||||||||||||||||||||||||
foreign currency transaction losses | ||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of note issued to employee | 0 | 0 | 0 | 538,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from loan | ||||||||||||||||||||||||||||||||||||||||||
principal payments on capital lease obligations | -30,000 | -25,000 | -26,000 | -25,000 | -25,000 | -25,000 | -24,000 | -23,000 | -22,000 | -60,000 | 19,000 | -25,000 | ||||||||||||||||||||||||||||||
non-cash contributions from former parent | 4,505,000 | 0 | 1,685,000 | 2,376,000 | ||||||||||||||||||||||||||||||||||||||
acquisition of camberview partners llc | ||||||||||||||||||||||||||||||||||||||||||
foreign currency transaction loss | 92,000 | 664,000 | 196,000 | |||||||||||||||||||||||||||||||||||||||
taxes receivable | 1,924,000 | 1,576,000 | -3,489,000 | |||||||||||||||||||||||||||||||||||||||
receivable from affiliates | 33,949,000 | |||||||||||||||||||||||||||||||||||||||||
due from blackstone | 792,000 | |||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 438,000 | -666,000 | ||||||||||||||||||||||||||||||||||||||||
deferred tax liability | ||||||||||||||||||||||||||||||||||||||||||
note issued to employee | ||||||||||||||||||||||||||||||||||||||||||
cash from acquisition of pjt capital lp | ||||||||||||||||||||||||||||||||||||||||||
purchases of intangible assets | ||||||||||||||||||||||||||||||||||||||||||
dispositions of furniture, equipment and leasehold improvements | ||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | -21,000 | -22,000 | ||||||||||||||||||||||||||||||||||||||||
contributions from former parent | ||||||||||||||||||||||||||||||||||||||||||
distribution to former parent | ||||||||||||||||||||||||||||||||||||||||||
payments for income taxes, including those to former parent, net of refunds received | ||||||||||||||||||||||||||||||||||||||||||
acquisition of pjt capital lp | ||||||||||||||||||||||||||||||||||||||||||
furniture, equipment and leasehold improvements | ||||||||||||||||||||||||||||||||||||||||||
intangible assets | ||||||||||||||||||||||||||||||||||||||||||
goodwill | ||||||||||||||||||||||||||||||||||||||||||
deferred tax asset | ||||||||||||||||||||||||||||||||||||||||||
reorganization and separation adjustments | ||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||
furniture, equipment and leasehold improvements, net included in accounts payable, accrued expenses and other liabilities | ||||||||||||||||||||||||||||||||||||||||||
foreign currency transaction gains | -599,000 | 965,000 | 65,000 | 101,000 | -421,000 | |||||||||||||||||||||||||||||||||||||
other non-cash amounts included in net income | 1,226,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease from former parent company investment | ||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 1,384,000 | 1,242,000 | 1,100,000 | 924,000 | ||||||||||||||||||||||||||||||||||||||
amortization expense | 2,620,000 | 2,783,000 | 2,801,000 | 2,991,000 | ||||||||||||||||||||||||||||||||||||||
employee taxes paid for shares withheld for taxes | -220,000 | |||||||||||||||||||||||||||||||||||||||||
payments for income taxes, including those to former parent | 3,309,000 | 3,164,000 | 722,000 | |||||||||||||||||||||||||||||||||||||||
net loss | ||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||
other non-cash amounts included in net loss | ||||||||||||||||||||||||||||||||||||||||||
excess tax benefits related to equity-based compensation | 0 | |||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 15,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease from parent company investment | ||||||||||||||||||||||||||||||||||||||||||
payments for income taxes, including those to blackstone |
