Lazard, Inc. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+10.2% +$37M
$400M
Free Cash Flow↑+13.8% +$48M
$396M
Investing Cash Flow↓-243.5% -$16M
$-23M
Financing Cash Flow↓-294.5% -$290M
$-192M
Capex↓-75.9% -$11M
$4M
Acquisitions
$0
Stock Buybacks↑+221.1% +$34M
$50M
Dividends Paid↑+4.8% +$2M
$47M
Stock-Based Comp
—
D&A↓-4.0% -$357K
$9M
SBC Allocated Expense↑+86.4% +$37M
$79M