Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Other Assets And Other Liabilities [Abstract]

The following table sets forth the Company’s other assets, by type, as of December 31, 2023 and 2022:


	December 31,
	2023		2022
Current income and other tax receivables	$	54,169	$	55,193
Prepaid compensation (see Note 16)	115,972		112,124
Other advances and prepayments	117,452		105,653
Other	111,390		103,226
Total	$	398,983	$	376,196

Schedule of Other Liabilities

The following table sets forth the Company’s other liabilities, by type, as of December 31, 2023 and 2022:


	December 31,
	2023		2022
Accrued expenses	$	193,290	$	195,218
Current income and other taxes payable	131,813		110,998
Employee benefit-related liabilities	23,829		30,580
Unclaimed funds at LFB	16,994		16,435
Deferred revenue (a)	140,417		137,330
Securities sold, not yet purchased	4,809		4,651
Deferred offering costs	–		20,125
Other	27,211		16,631
Total	$	538,363	$	531,968

_____________________

(a)Deferred revenue primarily relates to cash received for carried interest subject to clawback and unearned advisory fees received from private equity investments. Revenue recognized during the year ended December 31, 2023 that was included in the deferred revenue balance as of December 31, 2022 was $18,775.

Lazard Group LLC 10-K