Evercore Financial Performance and Governance
U.S. GAAP Reconciliation to Adjusted Results (Unaudited)
Operating Income & Net Income
Operating Income - U.S. GAAP
Income from Equity Method Investments (1)
Interest Expense on Debt (2)
Gain on Sale of Interests in ABS (3)
Gain on Redemption of G5 Debt Security (4)
Mexico Transition - Net Loss on Sale of ECB Businesses (5)
Mexico Transition - Release of Foreign Exchange Losses (6)
Intangible Asset Amortization / Other Purchase Accounting-related Amortization (10)
Amortization of LP Units and Certain Other Awards (12)
Special Charges, Including Business Realignment Costs (13)
Acquisition and Transition Costs (14)
Fair Value of Contingent Consideration (15)
Operating Income - Adjusted
(dollars in thousands)
2023
2022
Twelve Months Ended December 31,
2021
$
359,135
6,655
$
696,042
$ 1,102,438
$
7,999
14,161
16,717
16,850
17,586
18,197
2020
526,433 $ 437,711
14,398
10,996
12,917
2019
2018
$
542,077
9,294
9,201
(1,294)
(4,374)
3,441
27,365
1,183
7,528
8,628
1,067
18,183
15,241
2,921
3,126
8,554
7
46,645
10,141
5,012
562
1,013
21
1,485
$ 385,428
$ 722,723
$ 1,138,372
$ 639,291
$
498,489
$
590,959
Net Income Attributable to Evercore Inc. - U.S. GAAP
Gain on Sale of Interests in ABS (3)
$
255,479
$
476,520
(1,294)
$
740,116
$ 350,574 $
297,436
$
377,240
Gain on Redemption of G5 Debt Security (4)
(4,374)
Mexico Transition - Net Loss on Sale of ECB Businesses (5)
Mexico Transition - Release of Foreign Exchange Losses (6)
3,441
27,365
Intangible Asset Amortization / Other Purchase Accounting-related Amortization (10)
Income Taxes (11)
(5,739)
(108)
(18,602)
Amortization of LP Units and Certain Other Awards (12)
Special Charges, Including Business Realignment Costs (13)
2,921
3,126
Acquisition and Transition Costs (14)
8,554
7
1,183
(29,731)
1,067
46,645
7,528
(13,727)
8,628
18,183
(12,368)
15,241
10,141
5,012
562
1,013
21
Fair Value of Contingent Consideration (15)
1,485
Noncontrolling Interest (18)
Net Income Attributable to Evercore Inc. - Adjusted
$
24,263
276,924
50,502
$ 528,746 $
117,484
843,185
58,489
52,726
58,698
$ 459,595
$
373,300
$
453,957
EVERCORE
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