Moelis & Co. Files Q2 2024 10-Q

TL;DR

**Moelis & Co. Q2 10-Q filed. Financials look solid.**

AI Summary

Moelis & Co. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational aspects for the second quarter. Key financial statement items like retained earnings and accumulated other comprehensive income are reported for various periods, including June 30, 2024, and December 31, 2023. The company's business address is 399 Park Avenue, New York, NY.

Why It Matters

This filing provides investors with a detailed look at Moelis & Co.'s financial health and operational performance during the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the financial services industry can be subject to market volatility and regulatory changes.

Key Numbers

• 2024-06-30 — Period End Date (The latest date for which financial information is reported.)
• 2024-07-25 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 1231 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)

Key Players & Entities

• Moelis & Co. (company) — Filer of the 10-Q
• 2024-06-30 (date) — End of the reporting period
• 399 Park Avenue, New York, NY (location) — Company's business address
• 20240725 (date) — Filing date
• 20240630 (date) — Period of report

FAQ

Key Financial Figures

• $0.01 — ares of Class A common stock, par value $0.01 per share, and 4,432,288 shares of Clas

Filing Documents

• mc-20240630.htm (10-Q) — 1909KB
• mc-ex31_1.htm (EX-31.1) — 13KB
• mc-ex31_2.htm (EX-31.2) — 13KB
• mc-ex32_1.htm (EX-32.1) — 9KB
• mc-ex32_2.htm (EX-32.2) — 9KB
• img188347962_0.jpg (GRAPHIC) — 232KB
• 0000950170-24-086165.txt ( ) — 8750KB
• mc-20240630.xsd (EX-101.SCH) — 1154KB
• mc-20240630_htm.xml (XML) — 1569KB

Financial Information

Part I. Financial Information 3 Item 1.

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 35

Other Information

Part II. Other Information 36 Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements Condensed Consolidated Financial Statements (Unaudited) Page Condensed Consolidated Statements of Financial Condition as of June 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 7 Condensed Consolidated Statements of Changes in Equity for the three and six months ended June 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements 10 3 Moelis & Company Condensed Consolidated Statem ents of Financial Condition (Unaudited) (dollars in thousands, except per share amounts) June 30, December 31, 2024 2023 Assets Cash and cash equivalents $ 150,434 $ 186,417 Restricted cash 809 798 Receivables: Accounts receivable, net of allowance for credit losses of $ 2,286 and $ 1,263 as of June 30, 2024 and December 31, 2023, respectively 51,590 51,219 Accrued and other receivables 22,939 12,416 Total receivables 74,529 63,635 Deferred compensation 33,111 17,133 Investments 87,153 210,357 Right-of-use assets 165,158 171,998 Equipment and leasehold improvements, net 66,696 63,803 Deferred tax assets 444,034 437,238 Prepaid expenses and other assets 28,905 28,380 Total assets $ 1,050,829 $ 1,179,759 Liabilities and Equity Compensation payable $ 139,941 $ 259,771 Accounts payable, accrued expenses and other liabilities 25,136 32,626 Amount due pursuant to tax receivable agreement 288,410 304,567 Deferred revenue 3,671 4,649 Lease liabilities 209,220 215,684 Total liabilities 666,378 817,297 Commitments and Contingencies (See Note 11) Class A common stock, par value $ 0.

View Full Filing

View this 10-Q filing on SEC EDGAR