Lazard (Lazard) Change In Working Capital : $-241 Mil (TTM As of Dec. 2023)

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What is Lazard Change In Working Capital?

Lazard's change in working capital for the quarter that ended in Dec. 2023 was $151 Mil.

Lazard's change in working capital for the fiscal year that ended in Dec. 2023 was $-241 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Lazard Change In Working Capital Historical Data

The historical data trend for Lazard's Change In Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lazard Change In Working Capital Chart

Lazard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-131.49

-322.00

-299.47

-109.29

-240.87

Lazard Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															-571.53	298.69	-119.50	151.47	-

Lazard Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-241 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

Lazard Change In Working Capital Related Terms

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Lazard (Lazard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lazard Inc (NYSE:LAZ) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.lazard.com

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.

Executives

Michael Gathy	officer: Chief Accounting Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Christian A. Weideman	officer: General Counsel	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Alexander F. Stern	officer: Chief Operating Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Mary Ann Betsch	officer: Chief Financial Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lewis William M Jr	director	9 WEST 57TH STREET, NEW YORK NY 10019
Scott D Hoffman	officer: General Counsel	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Dominick Ragone	officer: Chief Accounting Officer	767 5TH AVENUE, SUITE 4700, NEW YORK NY 10153
Ann-kristin Achleitner	director	THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Ashish Bhutani	director, officer: CEO of Lazard Asset Management
Peter Richard Orszag	officer: CEO of Financial Advisory	30 ROCKEFELLER PLAZA, LAZARD, NEW YORK NY 10112
Alexandra Soto	officer: Exec Human Capital & Workplace	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Iris Knobloch	director	ONE TIME WARNER CENTER, NEW YORK NY 10019
Evan L Russo	officer: Chief Financial Officer	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Michelle Jarrard	director	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Sylvia Jay	director	30 ROCKEFELLER PLAZA, NEW YORK NY 10020