Lazard, Inc. — Cash Flow Charts
2 years 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
$519M
Free Cash Flow
$487M
Investing Cash Flow
$-82M
Financing Cash Flow
$-464M
Capex
$32M
Acquisitions
$0
Stock Buybacks
$91M
Dividends Paid
$187M
Stock-Based Comp
—
D&A
$34M
SBC Allocated Expense
$360M