PJT Partners Strategic Advisory Presentation
GAAP Statements of Operations
(Amounts in millions, except per share data)
3 Months Ended 6/30, 6 Months Ended 6/30,
LTM
12 Months Ended 12/31,
2022
2021
2022
2021
2022 2Q21 2021
2020
2019
2018
2017
2016
2015
Revenues
Advisory
$186.6
$197.6
$368.3
Placement
$49.5
$40.3
$109.8
Interest Income and Other
($3.0)
$2.7
Total Revenues
$233.1
$240.7
$1.3
$479.5
$350.2
$90.7
$6.4
$447.4
$780.8 $873.4 $762.7 $872.3 $571.8 $451.6 $386.3 $377.6 $286.0
$235.8 $178.7 $216.7 $162.2 $133.2 $111.0 $102.8 $115.0 $114.1
$7.4 $14.9 $12.5 $17.8 $12.7 $17.7 $10.2 $6.9 $5.9
$1,024.0 $1,066.9 $991.9 $1,052.3 $717.6 $580.2 $499.3 $499.4 $405.9
Expenses
Compensation and Benefits
$150.6
$153.9
$309.8
$286.7
$663.1 $681.4 $640.0 $683.4 $502.2
$424.5 $391.5 $381.0 $315.2
Occupancy and Related
$8.7
$8.8
$17.6
Travel and Related
$6.7
$1.7
$11.1
$17.2
$2.2
$35.1 $34.2 $34.7
$18.0 $3.7 $9.1
Professional Fees
$7.2
$8.2
$14.3
$16.0
$25.5
$28.9
$27.2
Communications and Information Services
$4.2
$5.0
$8.7
$9.2
$17.5
$16.7
$18.1
Depreciation and Amortization
$4.1
$3.8
$8.4
$7.6
$16.5
$15.2
$15.8
$15.1
Other Expenses
$8.0
$6.8
$15.7
$12.1
$31.3
Total Non-Compensation Expense
$38.9
$34.3
Total Expenses
$189.5
$188.2
$75.8
$385.6
$64.3 $143.9
$351.0 $807.1
$25.8
$124.5
$805.9
$27.7 $26.6
$132.5 $120.9
$772.5 $804.3
$34.3 $31.5 $27.1 $26.9 $25.8 $32.7
$7.3 $25.7 $23.4 $13.6 $11.5 $14.1
$23.0 $21.8 $20.6 $19.3. $18.9 $19.8.
$14.7 $13.4 $12.5 $10.8 $8.9 $7.6
$14.5 $10.0 $8.1 $14.0 $14.9
$26.4 $20.6 $19.0 $24.8. $7.6
$133.3 $114.3 $97.7 $103.9 $96.7
$635.4 $538.7 $489.2 $484.9 $411.9
Income (Loss) Before Provision (Benefit) for
Taxes
$43.7
$52.4
$93.8
Provision (Benefit) for Taxes
$8.5
$9.6
$14.2
$96.3
$9.7
Net Income (Loss)
$35.2
$42.9
$79.7
$86.7
Net Income (Loss) Attributable to Non-
$16.0
$19.7
$34.8
$36.8
$217.0 $261.1 $219.4 $248.0 $82.2 $41.5 $10.1 $14.5 ($5.9)
$34.0 $34.9 $29.5 $35.5 $18.4 ($1.0) $38.4 $9.4
$183.0 $226.2 $190.0 $212.4 $63.8 $42.6 ($28.3) $5.1
$81.8 $99.3 $83.8 $94.9 $34.2 $15.4 $4.2 $8.1
$0.2
($6.2)
($13.8)
Controlling Interests
Net Income (Loss) Attributable to PJT
$19.2
$23.1
$44.9
$49.8
$101.2
$126.8 $106.2
$117.5
Partners Inc.
Net Income (Loss) Per Share of Class A
$0.76
$0.92
$1.79
$1.99
$4.05 $5.11
$4.25
$4.80 $1.23
Common Stock - Basic
$29.6 $27.2 ($32.6) ($3.0) $7.6
$1.23 ($1.73) ($0.17) N/A
Net Income (Loss) Per Share of Class A
Common Stock - Diluted
$0.74
$0.89
$1.74
$1.91
$3.89
$4.92 $3.99
$4.40 $1.21
$1.16 ($1.73) ($0.17) N/A
Weighted-Average Shares of Class A
Common Stock Outstanding - Basic
Weighted-Average Shares of Class A
Common Stock Outstanding - Diluted
25.1
25.1
25.1
25.0
25.0
24.8
25.0
24.5
24.0
21.9
18.9
18.3
N/A
26.4
42.1
26.5
42.6
41.9
42.3
42.4
43.1
25.0
24.3
18.9
18.3
N/A
PJT Partners 27View entire presentation