Moelis & Co. Files Q3 2024 10-Q

TL;DR

Moelis & Co. 10-Q filed: Q3 2024 financials out, showing common stock, retained earnings, and credit facility details.

AI Summary

Moelis & Co. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including information on its common stock, retained earnings, and fair value measurements. Specific financial data points such as revolving credit facility details and noncontrolling interest are also presented.

Why It Matters

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

Risk Assessment

Risk Level: medium — As a financial services firm, Moelis & Co. is subject to market volatility and regulatory changes, which can impact its performance.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2024-10-24 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 1231 — Fiscal Year End (Specifies the end date of the company's fiscal year.)

Key Players & Entities

• Moelis & Co. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-10-24 (date) — Filing date
• 399 PARK AVENUE, 5TH FLOOR (address) — Company's business and mailing address
• NEW YORK (location) — City of company's address
• DE (location) — State of incorporation

FAQ

Key Financial Figures

• $0.01 — ares of Class A common stock, par value $0.01 per share, and 4,331,619 shares of Clas

Filing Documents

• mc-20240930.htm (10-Q) — 2123KB
• mc-ex10_1.htm (EX-10.1) — 20KB
• 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
• img188350845_0.jpg (GRAPHIC) — 232KB
• 0000950170-24-116726.txt ( ) — 9219KB
• mc-20240930.xsd (EX-101.SCH) — 1169KB
• mc-20240930_htm.xml (XML) — 1630KB

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 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

Other Information

Part II. Other Information 37 Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults Upon Senior Securities 38 Item 4. Mine Safety Disclosures 38 Item 5. Other Information 38 Item 6. Exhibits 39

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 September 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 7 Condensed Consolidated Statements of Changes in Equity for the three and nine months ended September 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) September 30, December 31, 2024 2023 Assets Cash and cash equivalents $ 145,332 $ 186,417 Restricted cash 733 798 Receivables: Accounts receivable, net of allowance for credit losses of $ 2,060 and $ 1,263 as of September 30, 2024 and December 31, 2023, respectively 57,765 51,219 Accrued and other receivables 30,243 12,416 Total receivables 88,008 63,635 Deferred compensation 25,539 17,133 Investments 188,311 210,357 Right-of-use assets 168,189 171,998 Equipment and leasehold improvements, net 65,972 63,803 Deferred tax assets 439,544 437,238 Prepaid expenses and other assets 31,434 28,380 Total assets $ 1,153,062 $ 1,179,759 Liabilities and Equity Compensation payable $ 214,022 $ 259,771 Accounts payable, accrued expenses and other liabilities 27,791 32,626 Amount due pursuant to tax receivable agreement 290,553 304,567 Deferred revenue 14,169 4,649 Lease liabilities 211,426 215,684 Total liabilities 757,961 817,297 Commitments and Contingencies (See Note 1

View Full Filing

View this 10-Q filing on SEC EDGAR