Lazard Ltd
NYSE:LAZ

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Lazard Ltd
NYSE:LAZ
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Price: 46.68 USD 1.52% Market Closed
Market Cap: $4.4B

Cash Flow Statement

Cash Flow Statement
Lazard Ltd

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Cash Flow Statement
Currency: USD
Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Operating Cash Flow
Net Income
345
213
247
305
254
232
144
90
86
80
93
100
106
133
338
325
365
182
(0)
(100)
(126)
70
(188)
(143)
(132)
(115)
194
295
313
310
191
160
122
89
93
81
79
108
165
233
287
314
434
411
701
1 010
993
1 001
707
420
394
433
473
472
260
311
339
336
532
467
392
332
298
260
259
287
403
435
487
526
543
573
539
547
393
256
44
(72)
(57)
(2)
171
280
287
308
318
275
251
Depreciation & Amortization
21
20
17
18
18
16
15
15
14
15
14
15
15
34
38
20
23
28
25
25
23
25
28
29
29
29
31
31
32
32
37
37
40
42
39
40
39
39
45
46
46
49
41
40
40
36
39
39
37
37
69
71
71
70
41
39
33
34
34
34
34
34
36
37
38
38
37
37
38
38
38
39
41
42
42
43
43
43
43
41
40
38
36
35
35
35
34
Change in Deffered Taxes
0
0
1
0
0
0
(8)
0
0
0
(4)
0
0
0
(16)
0
0
0
(32)
0
0
0
(23)
0
0
0
8
0
0
0
7
0
0
0
(5)
0
0
0
15
0
0
0
16
0
(1 180)
(1 041)
(1 101)
(1 089)
120
5
64
70
78
65
501
490
482
478
45
44
32
12
25
32
41
62
47
65
67
70
91
87
90
93
43
57
(115)
(114)
(81)
(134)
19
(15)
11
(2)
8
43
22
Other Non-Cash Items
317
307
131
158
319
318
387
392
171
162
178
190
220
266
111
109
106
159
291
325
331
264
372
435
422
406
326
272
282
277
282
276
291
325
361
355
355
347
361
356
352
349
296
379
1 314
898
904
855
(73)
351
332
308
342
341
157
165
166
159
356
379
406
442
451
444
431
408
411
412
453
483
494
484
450
472
466
482
511
499
501
514
501
401
393
370
368
460
505
Cash Taxes Paid
0
0
62
0
0
0
25
0
0
0
77
0
0
0
82
0
0
0
112
0
0
0
32
0
0
0
70
0
0
0
57
0
0
0
35
0
0
0
23
0
0
0
49
0
0
0
61
0
0
0
72
0
0
0
49
0
0
0
102
0
0
0
89
0
0
0
44
0
0
0
74
0
0
0
144
0
0
0
44
0
0
0
34
0
0
0
119
Cash Interest Paid
0
0
42
0
0
0
82
0
0
0
94
0
0
0
141
0
0
0
143
0
0
0
100
0
0
0
102
0
0
0
93
0
0
0
78
0
0
0
79
0
0
0
60
0
0
0
45
0
0
0
46
0
0
0
50
0
0
0
51
0
0
0
70
0
0
0
78
0
0
0
78
0
0
0
77
0
0
0
74
0
0
0
84
0
0
0
80
Change in Working Capital
(113)
(30)
139
5
349
264
356
245
(14)
35
(43)
(251)
(433)
(458)
(399)
(209)
(72)
(1)
221
329
304
146
57
(263)
(195)
(133)
(390)
(276)
(360)
(224)
(119)
(95)
(43)
(107)
(6)
19
(8)
(80)
(59)
5
(56)
48
(50)
(129)
(57)
(63)
53
(53)
(98)
(147)
(226)
(50)
22
91
70
(114)
(303)
(396)
(269)
(346)
(147)
(93)
(132)
(89)
(173)
(180)
(322)
(341)
(454)
(384)
(300)
(408)
(184)
(180)
(109)
(202)
55
(219)
(241)
66
(269)
17
16
(96)
(239)
(330)
(293)
Cash from Operating Activities
570
N/A
510
-11%
534
+5%
487
-9%
940
+93%
831
-12%
895
+8%
734
-18%
249
-66%
284
+14%
238
-16%
49
-79%
(98)
N/A
(30)
+69%
72
N/A
250
+248%
427
+71%
352
-18%
506
+44%
547
+8%
500
-9%
475
-5%
245
-48%
34
-86%
101
+192%
164
+63%
169
+3%
330
+95%
275
-17%
404
+47%
398
-1%
385
-3%
417
+8%
356
-15%
482
+35%
491
+2%
461
-6%
410
-11%
527
+28%
654
+24%
643
-2%
774
+20%
736
-5%
717
-3%
818
+14%
840
+3%
887
+6%
752
-15%
694
-8%
667
-4%
633
-5%
832
+31%
987
+19%
1 039
+5%
1 029
-1%
891
-13%
721
-19%
615
-15%
699
+14%
576
-18%
717
+24%
726
+1%
678
-7%
683
+1%
595
-13%
615
+3%
576
-6%
609
+6%
591
-3%
734
+24%
866
+18%
776
-10%
936
+21%
973
+4%
834
-14%
636
-24%
539
-15%
137
-74%
165
+20%
486
+195%
461
-5%
722
+56%
743
+3%
615
-17%
489
-21%
483
-1%
519
+8%
Investing Cash Flow
Capital Expenditures
(62)
(36)
(19)
(18)
(15)
(7)
(8)
(9)
(9)
(10)
(10)
(12)
(14)
(15)
(16)
(16)
(19)
(18)
(19)
(18)
(13)
(15)
(12)
(12)
(13)
(13)
(13)
(13)
(14)
(21)
(46)
(71)
(90)
(101)
(89)
(92)
(82)
(72)
(61)
(35)
(26)
(21)
(22)
(23)
(30)
(27)
(27)
(28)
(24)
(30)
(39)
(37)
(37)
(32)
(28)
(40)
(50)
(52)
(50)
(39)
(36)
(51)
(43)
(49)
(50)
(36)
(64)
(60)
(57)
(55)
(40)
(46)
(42)
(39)
(50)
(41)
(42)
(44)
(28)
(30)
(29)
(40)
(45)
(52)
(57)
(42)
(32)
Other Items
111
16
9
7
8
11
12
11
12
3
2
2
3
(132)
(206)
(340)
(340)
(203)
(133)
(4)
27
(110)
(85)
(1)
(9)
145
425
346
321
302
1
3
3
3
4
5
8
8
6
4
1
2
2
2
2
2
1
1
1
1
1
1
1
1
1
2
2
2
3
2
2
2
1
1
1
1
1
2
2
2
1
0
0
(7)
(7)
(17)
(18)
(10)
(10)
0
(96)
130
180
171
253
14
(50)
Cash from Investing Activities
50
N/A
(20)
N/A
(10)
+47%
(10)
N/A
(7)
+33%
4
N/A
4
-3%
2
-49%
2
+10%
(7)
N/A
(8)
-12%
(10)
-22%
(11)
-9%
(148)
-1 254%
(223)
-51%
(356)
-60%
(359)
-1%
(221)
+38%
(152)
+31%
(22)
+86%
14
N/A
(125)
N/A
(97)
+22%
(13)
+86%
(22)
-67%
132
N/A
412
+213%
333
-19%
307
-8%
282
-8%
(45)
N/A
(69)
-51%
(87)
-26%
(98)
-13%
(85)
+13%
(86)
-2%
(74)
+15%
(64)
+13%
(55)
+14%
(31)
+43%
(25)
+21%
(19)
+22%
(20)
-5%
(21)
-5%
(28)
-31%
(25)
+10%
(26)
-4%
(27)
-5%
(24)
+13%
(29)
-22%
(38)
-29%
(36)
+5%
(36)
+0%
(32)
+12%
(27)
+15%
(38)
-42%
(48)
-27%
(50)
-3%
(46)
+7%
(37)
+20%
(34)
+10%
(49)
-46%
(42)
+14%
(48)
-14%
(49)
-1%
(36)
+27%
(63)
-76%
(58)
+8%
(55)
+5%
(53)
+3%
(39)
+27%
(46)
-17%
(42)
+9%
(47)
-12%
(56)
-21%
(58)
-3%
(59)
-2%
(54)
+9%
(38)
+29%
(30)
+22%
(125)
-320%
91
N/A
134
+47%
118
-12%
194
+65%
(30)
N/A
(82)
-174%
Financing Cash Flow
Net Issuance of Common Stock
0
0
0
0
1 293
1 293
1 293
0
0
(4)
345
345
345
281
(68)
(185)
207
228
160
272
(164)
(118)
(51)
(46)
(23)
(106)
(150)
(182)
(254)
(202)
(205)
(243)
(231)
(269)
(355)
(314)
(253)
(210)
(133)
(209)
(224)
(247)
(85)
(62)
(61)
(52)
(173)
(173)
(250)
(242)
(300)
(323)
(290)
(324)
(307)
(347)
(346)
(361)
(553)
(599)
(681)
(677)
(495)
(398)
(238)
(160)
(95)
452
341
289
169
(459)
(548)
(732)
(692)
(615)
(416)
(182)
(102)
(25)
(44)
(44)
(60)
(74)
(59)
(57)
(91)
Net Issuance of Debt
163
(9)
(1)
(18)
493
472
482
495
(41)
(20)
(32)
(29)
444
452
446
460
(440)
(442)
(482)
(493)
(45)
(45)
(4)
(3)
(13)
(13)
(13)
(13)
(3)
(134)
(134)
(134)
(134)
(3)
(3)
(3)
(3)
(3)
(88)
(87)
(87)
(87)
(2)
(115)
(115)
(115)
(115)
(2)
(2)
(2)
194
194
187
188
(7)
(107)
0
235
235
656
472
236
236
(84)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
163
163
163
(3)
(166)
(166)
(165)
2
Cash Paid for Dividends
0
0
0
0
0
(2)
(5)
(9)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(19)
(21)
(23)
(25)
(27)
(30)
(34)
(38)
(43)
(47)
(51)
(54)
(61)
(65)
(71)
(76)
(81)
(85)
(135)
0
(122)
(130)
(122)
(158)
(164)
(170)
(146)
(269)
(276)
(283)
(291)
(327)
(330)
(333)
(336)
(334)
(336)
(339)
(342)
(352)
(354)
(357)
(360)
(261)
(260)
(257)
(255)
(200)
(198)
(197)
(197)
(197)
(198)
(197)
(196)
(193)
(190)
(187)
(182)
(178)
(175)
(172)
(173)
(174)
(176)
(178)
(179)
(180)
(182)
(184)
(187)
Other
(817)
(456)
(469)
(426)
(2 551)
(2 503)
(2 469)
(2 295)
(79)
(80)
(69)
(76)
(85)
(115)
(116)
(97)
(83)
(69)
(92)
(114)
(93)
(103)
(78)
(76)
(84)
(77)
(65)
(114)
(112)
(135)
(143)
(107)
(91)
(58)
(71)
(140)
(154)
(147)
(145)
(112)
(88)
(105)
(202)
(216)
(241)
(266)
(169)
(129)
(119)
(49)
(37)
97
139
68
337
124
138
192
(49)
158
215
239
69
(166)
(235)
(284)
(256)
(248)
(176)
67
223
585
670
193
(509)
(1 643)
(1 973)
(1 848)
(1 296)
(364)
(364)
(298)
(198)
(310)
(170)
(157)
(188)
Cash from Financing Activities
(654)
N/A
(465)
+29%
(470)
-1%
(444)
+6%
(765)
-72%
(740)
+3%
(699)
+6%
(515)
+26%
(132)
+74%
(118)
+11%
230
N/A
225
-2%
688
+205%
600
-13%
243
-59%
159
-35%
(335)
N/A
(304)
+9%
(437)
-44%
(360)
+18%
(328)
+9%
(296)
+10%
(166)
+44%
(162)
+2%
(163)
-1%
(243)
-49%
(278)
-14%
(362)
-30%
(429)
-18%
(537)
-25%
(552)
-3%
(559)
-1%
(537)
+4%
(415)
+23%
(563)
-36%
(573)
-2%
(532)
+7%
(490)
+8%
(487)
+1%
(566)
-16%
(564)
+0%
(609)
-8%
(435)
+29%
(662)
-52%
(692)
-5%
(716)
-3%
(747)
-4%
(631)
+16%
(701)
-11%
(626)
+11%
(480)
+23%
(366)
+24%
(301)
+18%
(408)
-36%
(319)
+22%
(681)
-114%
(562)
+17%
(290)
+48%
(726)
-150%
(46)
+94%
(254)
-456%
(459)
-81%
(444)
+3%
(848)
-91%
(671)
+21%
(640)
+5%
(547)
+14%
7
N/A
(33)
N/A
158
N/A
196
+24%
(68)
N/A
(67)
+1%
(726)
-981%
(1 382)
-90%
(2 435)
-76%
(2 564)
-5%
(2 202)
+14%
(1 571)
+29%
(400)
+75%
(421)
-5%
(356)
+15%
(440)
-23%
(730)
-66%
(577)
+21%
(563)
+3%
(464)
+18%
Change in Cash
Effect of Foreign Exchange Rates
18
3
10
(8)
(14)
6
(13)
(7)
2
(1)
17
14
7
6
(6)
(5)
(3)
(11)
(63)
(68)
(48)
(34)
25
19
(13)
1
(10)
11
33
(6)
(6)
(8)
(27)
0
13
(11)
(6)
(1)
6
24
28
(14)
(56)
(95)
(81)
(60)
(49)
0
(25)
(18)
(65)
(58)
25
64
164
194
26
(31)
(90)
(169)
(52)
(116)
(28)
(60)
(43)
117
148
130
109
(22)
(162)
(134)
(307)
(398)
(186)
(119)
39
163
30
(7)
(10)
51
(53)
(1)
58
19
87
Net Change in Cash
(16)
N/A
28
N/A
64
+125%
25
-61%
154
+525%
100
-35%
187
+86%
214
+15%
122
-43%
158
+30%
477
+202%
278
-42%
587
+111%
429
-27%
86
-80%
47
-46%
(270)
N/A
(184)
+32%
(146)
+21%
98
N/A
137
+41%
20
-85%
8
-62%
(123)
N/A
(99)
+20%
52
N/A
292
+459%
312
+7%
187
-40%
143
-24%
(206)
N/A
(250)
-22%
(233)
+7%
(157)
+33%
(154)
+2%
(180)
-17%
(150)
+17%
(145)
+4%
(9)
+94%
80
N/A
83
+3%
132
+60%
225
+70%
(60)
N/A
17
N/A
39
+135%
66
+67%
95
+45%
(55)
N/A
(6)
+89%
51
N/A
372
+636%
675
+82%
663
-2%
847
+28%
366
-57%
136
-63%
244
+79%
(163)
N/A
325
N/A
378
+16%
102
-73%
164
+60%
(273)
N/A
(168)
+39%
56
N/A
113
+101%
688
+508%
613
-11%
816
+33%
861
+5%
528
-39%
520
-2%
(198)
N/A
(791)
-299%
(1 976)
-150%
(2 045)
-4%
(1 956)
+4%
(1 414)
+28%
48
N/A
(95)
N/A
507
N/A
384
-24%
3
-99%
163
+5 855%
(91)
N/A
61
N/A
Free Cash Flow
Free Cash Flow
509
N/A
474
-7%
515
+9%
469
-9%
924
+97%
823
-11%
887
+8%
725
-18%
240
-67%
274
+14%
228
-17%
37
-84%
(112)
N/A
(45)
+59%
55
N/A
234
+322%
408
+75%
333
-18%
487
+46%
529
+9%
487
-8%
460
-6%
233
-49%
23
-90%
87
+284%
150
+72%
155
+4%
317
+104%
262
-17%
383
+47%
351
-8%
314
-11%
328
+4%
255
-22%
393
+54%
399
+2%
379
-5%
338
-11%
466
+38%
619
+33%
617
0%
753
+22%
714
-5%
694
-3%
788
+14%
814
+3%
861
+6%
724
-16%
670
-8%
637
-5%
594
-7%
795
+34%
950
+20%
1 007
+6%
1 001
-1%
851
-15%
671
-21%
564
-16%
649
+15%
537
-17%
681
+27%
675
-1%
635
-6%
634
0%
546
-14%
579
+6%
512
-12%
549
+7%
535
-3%
678
+27%
826
+22%
730
-12%
894
+22%
933
+4%
785
-16%
596
-24%
497
-17%
93
-81%
136
+46%
456
+234%
432
-5%
682
+58%
697
+2%
563
-19%
431
-23%
440
+2%
487
+11%
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