0001360901-20-000006 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($) $ in Billions	12 Months Ended
Document and Entity Information - USD ($) $ in Billions	Dec. 31, 2019	Feb. 18, 2020	Jun. 30, 2019
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-32975
Entity Registrant Name	EVERCORE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4748747
Entity Address, Address Line One	55 East 52nd Street
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10055
City Area Code	212
Local Phone Number	857-3100
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	EVR
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 3.5
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Central Index Key	0001360901
Current Fiscal Year End Date	--12-31
Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		40,641,068
Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		59
Subsidiaries [Member] \| Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		41

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and Cash Equivalents	$ 633,808	$ 790,590
Investment Securities and Certificates of Deposit	623,946	304,627
Financial Instruments Owned and Pledged as Collateral at Fair Value	12,431	22,349
Securities Purchased Under Agreements to Resell	13,566	2,696
Accounts Receivable (net of allowances of $7,881 and $6,037 at December 31, 2019 and 2018, respectively)	296,355	309,075
Receivable from Employees and Related Parties	22,416	23,836
Other Current Assets	87,900	28,444
Total Current Assets	1,690,422	1,481,617
Investments	89,490	90,644
Deferred Tax Assets	268,591	241,092
Operating Lease Right-of-Use Assets	199,988	0
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $117,387 and $89,494 at December 31, 2019 and 2018, respectively)	126,799	81,069
Goodwill	130,758	131,387
Intangible Assets (net of accumulated amortization of $7,292 and $41,217 at December 31, 2019 and 2018, respectively)	2,303	10,378
Other Assets	90,262	89,480
Total Assets	2,598,613	2,125,667
Current Liabilities
Accrued Compensation and Benefits	518,991	602,122
Accounts Payable and Accrued Expenses	39,726	37,948
Securities Sold Under Agreements to Repurchase	26,000	25,075
Payable to Employees and Related Parties	31,703	31,894
Operating Lease Liabilities	33,316	0
Taxes Payable	3,400	33,621
Other Current Liabilities	15,517	19,031
Total Current Liabilities	668,653	749,691
Operating Lease Liabilities	217,251	0
Notes Payable	375,062	168,612
Amounts Due Pursuant to Tax Receivable Agreements	84,952	94,411
Other Long-term Liabilities	126,445	105,014
Total Liabilities	1,472,363	1,117,728
Evercore Inc. Stockholders' Equity
Additional Paid-In-Capital	2,016,524	1,818,100
Accumulated Other Comprehensive Income (Loss)	(27,596)	(30,434)
Retained Earnings	558,269	364,882
Treasury Stock at Cost (29,522,665 and 26,123,438 shares at December 31, 2019 and 2018, respectively)	(1,678,168)	(1,395,087)
Total Evercore Inc. Stockholders' Equity	869,716	758,120
Noncontrolling Interest	256,534	249,819
Total Equity	1,126,250	1,007,939
Total Liabilities and Equity	2,598,613	2,125,667
Class A [Member]
Evercore Inc. Stockholders' Equity
Common Stock	687	659
Class B [Member]
Evercore Inc. Stockholders' Equity
Common Stock	$ 0	$ 0

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable, Allowances	$ 7,881	$ 6,037
Furniture, Equipment and Leasehold Improvements, Accumulated Depreciation and Amortization	117,387	89,494
Intangible Assets, Accumulated Amortization	$ 7,292	$ 41,217
Treasury Stock at Cost, shares	29,522,665	26,123,438
Class A [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	68,698,675	65,872,014
Common Stock, Shares Outstanding	39,176,010	39,748,576
Class B [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares Issued	84	86
Common Stock, Shares Outstanding	84	86

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investment Banking:(1)
Other Revenue, Including Interest and Investments(1)	$ 45,454	$ 19,051	$ 88,828
Total Revenues	2,028,837	2,082,476	1,724,345
Interest Expense	20,139	17,771	19,996
Net Revenues	2,008,698	2,064,705	1,704,349
Expenses
Employee Compensation and Benefits	1,200,977	1,197,173	962,512
Occupancy and Equipment Rental	68,285	58,971	53,448
Professional Fees(1)	81,851	82,393	63,857
Travel and Related Expenses	75,395	68,754	64,179
Communications and Information Services	47,315	41,319	41,393
Depreciation and Amortization	31,023	27,054	24,819
Execution, Clearing and Custody Fees(1)	12,967	11,470	14,778
Special Charges	10,141	5,012	25,437
Acquisition and Transition Costs	1,013	21	1,673
Other Operating Expenses(1)	42,020	30,461	23,442
Total Expenses	1,570,987	1,522,628	1,275,538
Income Before Income from Equity Method Investments and Income Taxes	437,711	542,077	428,811
Income from Equity Method Investments	10,996	9,294	8,838
Income Before Income Taxes	448,707	551,371	437,649
Provision for Income Taxes	95,046	108,520	258,442
Net Income	353,661	442,851	179,207
Net Income Attributable to Noncontrolling Interest	56,225	65,611	53,753
Net Income Attributable to Evercore Inc.	297,436	377,240	125,454
Net Income Attributable to Evercore Inc. Common Shareholders	$ 297,436	$ 377,240	$ 125,454
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	39,994	40,595	39,641
Diluted (in shares)	43,194	45,279	44,826
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic (in dollars per share)	$ 7.44	$ 9.29	$ 3.16
Diluted (in dollars per share)	$ 6.89	$ 8.33	$ 2.80
Investment Banking [Member]
Investment Banking:(1)
Revenue	$ 1,932,772	$ 2,015,179
Net Revenues	1,951,795	2,012,023	$ 1,634,268
Expenses
Special Charges	7,202	5,012	14,400
Acquisition and Transition Costs	705	0	555
Income Before Income from Equity Method Investments and Income Taxes	432,700	533,356	422,531
Income from Equity Method Investments	916	518	277
Income Before Income Taxes	433,616	533,874	422,808
Investment Banking [Member] \| Advisory Fees [Member]
Investment Banking:(1)
Revenue	1,653,585	1,743,473	1,324,412
Investment Banking [Member] \| Underwriting Fees [Member]
Investment Banking:(1)
Revenue	89,681	71,691	45,827
Investment Banking [Member] \| Commissions and Related Fees [Member]
Investment Banking:(1)
Revenue	189,506	200,015	205,630
Investment Management [Member]
Investment Banking:(1)
Revenue	50,611	48,246
Net Revenues	56,903	52,682	70,081
Expenses
Special Charges	2,939	0	11,037
Acquisition and Transition Costs	308	21	1,118
Income Before Income from Equity Method Investments and Income Taxes	5,011	8,721	6,280
Income from Equity Method Investments	10,080	8,776	8,561
Income Before Income Taxes	15,091	17,497	14,841
Investment Management [Member] \| Asset Management [Member]
Investment Banking:(1)
Revenue	$ 50,611	$ 48,246	$ 59,648

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net Income	$ 353,661	$ 442,851	$ 179,207
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Securities and Investments, net	(564)	(275)	381
Foreign Currency Translation Adjustment Gain (Loss), net	3,915	(1,180)	21,679
Other Comprehensive Income (Loss)	3,351	(1,455)	22,060
Comprehensive Income	357,012	441,396	201,267
Comprehensive Income Attributable to Noncontrolling Interest	56,738	65,408	57,128
Comprehensive Income Attributable to Evercore Inc.	$ 300,274	$ 375,988	$ 144,139

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands

Total

Class A [Member]

Common Stock [Member]

Class A [Member]

Additional Paid-In Capital [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Retained Earnings [Member]

Treasury Stock [Member]

Noncontrolling Interest [Member]

Beginning Balance at Dec. 31, 2016

$ 783,331

$ 582

$ 1,368,122

$ (50,096)

$ 20,343

$ (811,653)

$ 256,033

Beginning Balance, Shares at Dec. 31, 2016

58,292,567,000

(19,101,711,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

179,207

125,454

53,753

Other Comprehensive Income

22,060

18,685

3,375

Treasury Stock Purchases

(293,753)

$ (293,753)

Treasury Stock Purchases, Shares

(3,916,039,000)

Evercore LP Units Purchased or Converted into Class A Shares

36,963

$ 12

84,214

(47,263)

Evercore LP Units Purchased or Converted into Class A Common Stock, Shares

1,212,641,000

Equity-based Compensation Awards

171,775

$ 27

156,826

14,922

Equity-based Compensation Awards, Shares

2,614,696,000

Dividends

(66,336)

Noncontrolling Interest (Note 17)

(36,879)

(8,463)

(28,416)

Ending Balance at Dec. 31, 2017

796,368

$ 621

1,600,699

(31,411)

79,461

$ (1,105,406)

252,404

Ending Balance, Shares at Dec. 31, 2017

62,119,904,000

(23,017,750,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Cumulative Effect of Accounting Change (1)

^[1]

2,229

(2,229)

Net Income

442,851

377,240

65,611

Other Comprehensive Income

(1,455)

(1,252)

(203)

Treasury Stock Purchases

$ (289,681)

Treasury Stock Purchases, Shares

(3,106,000)

(3,105,688,000)

Evercore LP Units Purchased or Converted into Class A Shares

$ 23,968

$ 12

70,550

(46,594)

Evercore LP Units Purchased or Converted into Class A Common Stock, Shares

1,181,669,000

Equity-based Compensation Awards

192,195

$ 26

172,309

19,860

Equity-based Compensation Awards, Shares

2,570,441,000

Dividends

(89,590)

Noncontrolling Interest (Note 17)

(66,717)

(25,458)

(41,259)

Ending Balance at Dec. 31, 2018

1,007,939

$ 659

1,818,100

(30,434)

364,882

$ (1,395,087)

249,819

Ending Balance, Shares at Dec. 31, 2018

39,748,576

65,872,014,000

(26,123,438,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

353,661

297,436

56,225

Other Comprehensive Income

3,351

2,838

513

Treasury Stock Purchases

$ (283,081)

Treasury Stock Purchases, Shares

(3,399,000)

(3,399,227,000)

Evercore LP Units Purchased or Converted into Class A Shares

$ 17,825

$ 3

32,964

(15,142)

Evercore LP Units Purchased or Converted into Class A Common Stock, Shares

353,383,000

Equity-based Compensation Awards

234,857

$ 25

206,942

27,890

Equity-based Compensation Awards, Shares

2,473,278,000

Dividends

(104,049)

Noncontrolling Interest (Note 17)

(104,253)

(41,482)

(62,771)

Ending Balance at Dec. 31, 2019

$ 1,126,250

$ 687

$ 2,016,524

$ (27,596)

$ 558,269

$ (1,678,168)

$ 256,534

Ending Balance, Shares at Dec. 31, 2019

39,176,010

68,698,675,000

(29,522,665,000)

[1]

(1)

The cumulative adjustment relates to the adoption of ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities" on January 1, 2018, for which the Company recorded an adjustment to Retained Earnings to reflect cumulative unrealized losses, net of tax, on available-for-sale equity securities previously recorded in Accumulated Other Comprehensive Income (Loss).

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Flows From Operating Activities
Net Income	$ 353,661	$ 442,851	$ 179,207
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration	(13,750)	10,718	(32)
Equity Method Investments	403	1,352	(513)
Equity-Based and Other Deferred Compensation	360,341	293,507	230,268
Impairment of Goodwill and Equity Method Investments	2,921	0	21,507
Gain on Sale of Institutional Trust and Independent Fiduciary business of ETC	0	0	(7,808)
Noncash Lease Expense	29,259	0	0
Depreciation, Amortization and Accretion	35,730	29,374	26,032
Bad Debt Expense	10,451	3,365	2,579
Adjustment to Tax Receivable Agreement	0	0	(77,535)
Release of Cumulative Foreign Exchange Losses	0	0	16,266
Deferred Taxes	(10,503)	(3,981)	148,320
Decrease (Increase) in Operating Assets:
Investment Securities	(491)	(546)	865
Financial Instruments Owned and Pledged as Collateral at Fair Value	10,629	(2,961)	35
Securities Purchased Under Agreements to Resell	(10,541)	8,166	2,642
Accounts Receivable	5,241	(130,956)	47,120
Receivable from Employees and Related Parties	1,450	(6,849)	(2,188)
Other Assets	(58,962)	(21,830)	(10,982)
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	(180,767)	208,088	(25,892)
Accounts Payable and Accrued Expenses	(745)	5,496	1,149
Securities Sold Under Agreements to Repurchase	(115)	(5,183)	(2,701)
Payables to Employees and Related Parties	(599)	4,387	3,217
Taxes Payable	(30,221)	16,099	(10,849)
Other Liabilities	1,305	(1,523)	(33,471)
Net Cash Provided by Operating Activities	504,697	849,574	507,236
Cash Flows From Investing Activities
Investments Purchased	(3,843)	(95)	(997)
Distributions of Private Equity Investments	1,893	2,143	2,072
Investment Securities:
Proceeds from Sales and Maturities	510,151	191,779	45,642
Purchases	(698,995)	(336,596)	(40,995)
Maturity of Certificates of Deposit	100,000	63,527	0
Purchase of Certificates of Deposit	(211,861)	(100,000)	(63,417)
Purchase of Furniture, Equipment and Leasehold Improvements	(70,816)	(33,324)	(31,300)
Proceeds from Sale of Business	0	0	34,354
Net Cash Provided by (Used in) Investing Activities	(373,471)	(212,566)	(54,641)
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	600	1,165	110
Distributions to Noncontrolling Interests	(54,706)	(41,413)	(36,374)
Payments Under Tax Receivable Agreement	(9,490)	(13,345)	(12,381)
Short-Term Borrowings	30,000	30,000	30,000
Repayment of Short-Term Borrowings	(30,000)	(30,000)	(30,000)
Repayment of Subordinated Borrowings	0	(6,799)	(9,751)
Issuance of Notes Payable	205,718	0	0
Debt Issuance Costs	(2,032)	0	0
Purchase of Treasury Stock and Noncontrolling Interests	(333,296)	(315,233)	(304,313)
Dividends	(96,803)	(77,302)	(56,521)
Net Cash Provided by (Used in) Financing Activities	(290,009)	(452,927)	(419,230)
Effect of Exchange Rate Changes on Cash	2,573	(1,370)	8,383
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(156,210)	182,711	41,748
Cash, Cash Equivalents and Restricted Cash-Beginning of Period	800,096	617,385	575,637
Cash, Cash Equivalents and Restricted Cash-End of Period	643,886	800,096	617,385
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	16,405	17,818	19,471
Payments for Income Taxes	155,478	86,232	128,689
Accrued Dividends	14,642	12,288	9,815
Purchase of Noncontrolling Interest	2,701	0	0
Settlement of Contingent Consideration	0	0	10,780
Evercore Trust Company [Member]
SUPPLEMENTAL CASH FLOW DISCLOSURE
Institutional Trust and Independent Fiduciary business of ETC Assets Deconsolidated	0	0	81
Institutional Trust and Independent Fiduciary business of ETC Liabilities Deconsolidated	0	0	1,489
Decrease in Goodwill from sale of Institutional Trust and Independent Fiduciary business of ETC	$ 0	$ 0	$ 28,442

Organization	12 Months Ended
Organization	Dec. 31, 2019
Accounting Policies [Abstract]
Organization	Organization Evercore Inc., together with its subsidiaries (the "Company"), is an investment banking and investment management firm, incorporated in Delaware and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in, and is the sole general partner of, Evercore LP, a Delaware limited partnership ("Evercore LP"). The Company operates from its offices and through its affiliates in North America, Europe, the Middle East and Asia. The Investment Banking segment includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures, shareholder activism and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings, raises funds for financial sponsors and provides advisory services focused on secondary transactions for private funds interests, as well as on primary and secondary transactions for real estate oriented financial sponsors and private equity interests. The Investment Banking business also includes the Evercore ISI business through which the Company offers macroeconomic, policy and fundamental equity research and agency-based equity securities trading for institutional investors. The Investment Management segment includes the wealth management business through which the Company provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, the institutional asset management business through which the Company, directly and through affiliates, manages financial assets for sophisticated institutional investors and the private equity business, which holds interests in private equity funds which are not managed by the Company.

Significant Accounting Policies	12 Months Ended
Significant Accounting Policies	Dec. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date. Evercore LP is a VIE and the Company is the primary beneficiary. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Condition in Note 25. Evercore ISI International Limited ("Evercore ISI U.K."), Evercore Partners International LLP ("Evercore U.K."), Evercore (Japan) Ltd. ("Evercore Japan") and Evercore Consulting (Beijing) Co. Ltd. ("Evercore Beijing") are also VIEs, and the Company is the primary beneficiary of these VIEs. Specifically for Evercore ISI U.K., Evercore Japan and Evercore Beijing (as of January 1, 2019 for Evercore Japan and Evercore Beijing), the Company provides financial support through transfer pricing agreements with these entities, which exposes the Company to losses that are potentially significant to these entities, and has decision making authority that significantly affects the economic performance of these entities. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Consolidated Statements of Financial Condition Evercore ISI U.K., Evercore U.K., Evercore Japan and Evercore Beijing assets of $227,885 and liabilities of $129,494 at December 31, 2019 and Evercore ISI U.K. and Evercore U.K. assets of $190,223 and liabilities of $122,460 at December 31, 2018. All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation. At the time of the formation transaction, the members of Evercore LP (the "Members") received Class A limited partnership units of Evercore LP ("Class A LP Units") in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The Class A LP Units were subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock ("Class A Shares"). At December 31, 2013, all Class A LP Units were fully vested. On October 31, 2014, in conjunction with the acquisition of the operating businesses of International Strategy & Investment ("ISI"), the Company issued vested and unvested Class E limited partnership units of Evercore LP ("Class E LP Units") and vested and unvested Class G and H limited partnership interests of Evercore LP ("Class G and H LP Interests"). At December 31, 2017, all Class E LP Units were fully vested and all of the Class G LP Interests either converted into Class E LP Units or were forfeited pursuant to their performance terms. In 2017, the Company exchanged all of the outstanding Class H LP Interests for a number of Class J limited partnership units of Evercore LP ("Class J LP Units"). In 2016, in conjunction with the appointment of the Executive Chairman, the Company issued unvested Class I-P Units of Evercore LP ("Class I-P Units"). The Class I-P Units are contingently exchangeable into Class I limited partnership units of Evercore LP ("Class I LP Units"), which are exchangeable on a one-for-one basis for Class A Shares. In 2017 and 2019, the Company issued unvested Class K-P Units of Evercore LP ("Class K-P Units"), which are contingently exchangeable into Class K limited partnership units of Evercore LP ("Class K LP Units"), which are ultimately exchangeable on a one-for-one basis for Class A Shares. See Note 19 for further information. The Company accounts for exchanges of Evercore LP partnership units ("LP Units") for Class A Shares based on the carrying amounts of the Members' LP Units immediately before the exchange. The Company's interest in Evercore LP is within the scope of Accounting Standards Codification ("ASC") 810-20, "Control of Partnerships and Similar Entities." The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members. Revenue Recognition – The Company adopted Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09") on January 1, 2018 using the modified retrospective method of transition applied to contracts which were not completed as of January 1, 2018. The Company did not have a cumulative-effect adjustment as of the date of adoption. ASU 2014-09 creates ASC 606, "Revenue from Contracts with Customers," ("ASC 606"), which provides a five step model to revenue recognition as follows: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation The Company applies this model to its Investment Banking and Asset Management revenue streams. Prior to January 1, 2018, the Company recorded revenue in accordance with ASC 605, "Revenue Recognition" ("ASC 605"). Under ASC 605, the Company recognized success related advisory fees upon closing of the transaction regardless of the probability of the outcome, which differs under ASC 606 as described further below. Furthermore, ASC 605 allowed expenses related to underwriting transactions to be reflected net in related revenues; under ASC 606, those expenses are presented gross in the results of operations. Investment Banking Revenue – The Company earns investment banking fees from clients for providing advisory services on strategic matters, including mergers, acquisitions, divestitures, leveraged buyouts, restructurings, activism and defense and similar corporate finance matters. The Company's Investment Banking services also include services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Revenue is recognized as the Company satisfies performance obligations, upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for these services. The Company’s contracts with customers may include promises to transfer multiple services to a customer. Determining whether services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. For performance obligations satisfied over time, determining a measure of progress requires the Company to make significant judgments that affect the timing of revenue recognized. For certain advisory services, the Company has concluded that performance obligations are satisfied over time. This is based on the premise that the Company transfers control of services and the client simultaneously receives benefits from these services over the course of an engagement. For performance obligations satisfied at a point in time, determining when control transfers requires the Company to make significant judgments that affect the timing of when revenue is recognized. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following: Advisory Fees – In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive fixed retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter or over the course of the engagement, where the engagement letter will specify a future service period associated with those fees. The Company may also receive announcement fees upon announcement of a transaction in addition to success fees upon closing of a transaction or another defined outcome, both of which represent variable consideration. This variable consideration will be included in the transaction price, as defined, and recognized as revenue to the extent that it is probable that a significant reversal of revenue will not occur. When assessing probability, the Company applies careful analysis and judgment to the remaining factors necessary for completion of a transaction, including factors outside of the Company's control. A transaction can fail to be completed for many reasons which are outside of the Company’s control, including failure of parties to agree upon final terms, to secure necessary board or shareholder approvals, to secure necessary financing, to achieve necessary regulatory approvals, or due to adverse market conditions. In the case of bankruptcy engagements, fees are subject to approval of the court. With respect to retainer, announcement and success fees, there are no distinct performance obligations aside from advisory activities, which are generally focused on achieving a milestone (typically, the announcement and/or the closing of a transaction). These advisory services are provided over time throughout the contract period. The Company recognizes revenue when distinct services are performed and when it is probable that a reversal of revenue will not occur, which is generally upon the announcement or closing of a transaction. Accordingly, in any given period, advisory fees recognized for certain transactions may relate to services performed in prior periods. In circumstances in which retainer fees are received in advance of services, these fees are initially recorded as deferred revenue (a contract liability), which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as advisory fee revenue in Advisory Fees on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Announcement fees for advisory services are recognized upon announcement (the point at which it is determined that the reversal of revenue is not probable) and all other requirements for revenue recognition are satisfied. A portion of the announcement fee may be deferred based on the services remaining to be completed, if any. Success fees for advisory services, such as merger and acquisition ("M&A") advice, are recognized when it is determined that the reversal of revenue is not probable and all other requirements for revenue recognition are satisfied, which is generally at closing of the transaction. With respect to fairness or valuation opinions, fees are fixed and there is a distinct performance obligation, since the opinion is rendered separate from any other advisory activities. Revenues related to fairness or valuation opinions are recognized at the point in time when the opinion has been rendered and delivered to the client. In the event the Company was to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue (a contract liability) in Other Current Liabilities on the Consolidated Statements of Financial Condition and subsequently recognized as advisory fee revenue in Advisory Fees on the Consolidated Statements of Operations when the conditions of completion have been satisfied. Placement fee revenues are attributable to capital raising on both corporations and financial sponsors. The Company recognizes placement fees in accordance with the terms of the engagement letter, which are generally contingent on the achievement of a capital commitment by an investor, at the time of the client's acceptance of capital or capital commitments. Underwriting Fees – Underwriting fees are attributable to public and private offerings of equity and debt securities and are recognized at the point in time when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the performance obligation has been satisfied and the Company recognizes the applicable management fee, selling concession and underwriting fee. Offering expenses are presented gross in the Consolidated Statements of Operations. Commissions and Related Fees – Commissions and Related Fees include commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities. The execution of each trade order represents a distinct performance obligation and the transaction price at the point in time of trade order execution is fixed. Trade execution is satisfied at the point in time that the customer has control of the asset and as such, fees are recorded on a trade date basis or, in the case of payments under commission sharing arrangements, when earned. The Company also earns subscription fees for the sales of research. The delivery of research under subscription arrangements represents a distinct performance obligation that is satisfied over time. The fees are fixed and are recognized over the period in which the performance obligation is satisfied. Cash received before the subscription period ends is initially recorded as deferred revenue (a contract liability) in Other Current Liabilities on the Consolidated Statements of Financial Condition, and is recognized in Commissions and Related Fees on the Consolidated Statements of Operations ratably over the period in which the related services are rendered. Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations. Asset Management and Administration Fees – The Company's Investment Management business generates revenues from the management of client assets and through interests in private equity funds which are not managed by the Company. The Company’s contracts with customers may include promises to transfer multiple services to a customer. Determining whether services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. For performance obligations satisfied over time, determining a measure of progress requires the Company to make significant judgments that affect the timing of revenue recognized. Asset management fees for third-party clients are generally based on the value of the assets under management and any performance fees that may be negotiated with the client. The management of asset portfolios represents a distinct performance obligation that is satisfied over time. These fees are generally recognized over the period that the related services are provided and in which the performance obligation is satisfied, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue (a contract liability), which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Asset Management and Administration Fees on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the likelihood of clawback is mathematically improbable. Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. The management of assets under administration represents a distinct performance obligation that is satisfied over time. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered and satisfaction of the performance obligation are initially recorded as deferred revenue (a contract liability) in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Asset Management and Administration Fees on the Consolidated Statements of Operations ratably over the period in which the related services are rendered and the performance obligation is satisfied. Other Revenue, Including Interest and Investments, and Interest Expense – Other Revenue and Interest Expense is derived from investing customer funds in financing transactions. These transactions are principally repurchases and resales of Mexican government and government agency securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase or resale transaction. Other Revenue also includes income (losses) earned on investment securities, including our investment funds which are used as an economic hedge against our deferred cash compensation program, certificates of deposit, cash and cash equivalents and on the Company’s debt security investment in G5 Holdings S.A. ("G5"), as well as adjustments to amounts due pursuant to the Company’s tax receivable agreement, subsequent to its initial establishment, related to changes in enacted tax rates, and gains (losses) resulting from foreign currency fluctuations, principal trading and realized and unrealized gains and losses on interests in Private Equity funds which are not managed by the Company. Interest Expense also includes interest expense associated with the Company’s Notes Payable, subordinated borrowings and lines of credit. Client Expense Reimbursement – In the conduct of its financial advisory service engagements, the Company receives reimbursement for certain expenses incurred by the Company in the course of performing services. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred. Noncontrolling Interest – Noncontrolling interest recorded in the consolidated financial statements relates to the portions of the Company's subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the relative ownership interest of the noncontrolling interest holders for the period by the net income or loss for the entity to which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations. ASC 810 "Consolidation" ("ASC 810") requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. Noncontrolling Interest is presented as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, there is an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests. Changes in a parent's ownership interest while the parent retains control of its subsidiary are accounted for as equity transactions. Fair Value of Financial Instruments – The majority of the Company's assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, investment securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 12 for further information. Cash and Cash Equivalents – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less. Investment Securities and Certificates of Deposit – During 2019, the Company renamed "Marketable Securities and Certificates of Deposit" to "Investment Securities and Certificates of Deposit" on the Consolidated Statements of Financial Condition. Investment Securities include investments in U.S. Treasury securities, corporate, municipal and other debt securities and investments in readily-marketable equity securities, which are accounted for under ASC 320-10, "Investments - Debt Securities" and ASC 321-10, "Investments - Equity Securities," ("ASC 321-10") following the adoption of ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01") in January 2018. The securities are carried at fair value on the Consolidated Statements of Financial Condition; the debt securities are valued based on quoted prices that exist in the marketplace for similar issues and the equity securities are valued using quoted market prices on applicable exchanges or markets. Investment Securities transactions are recorded as of the trade date. The Company invests in readily marketable debt and equity securities which are managed by Evercore Wealth Management L.L.C. ("EWM"), as well as in a portfolio of exchange-traded funds and mutual funds as an economic hedge against the Company’s deferred cash compensation program. The debt securities are classified as available-for-sale and any unrealized gains and losses are recorded as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, and realized gains and losses on these securities are included in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. Realized and unrealized gains and losses on the equity securities are recorded in Other Revenue, Including Interest and Investments, beginning on January 1, 2018, from the application of ASU 2016-01. EGL and other broker-dealers also invest in fixed income portfolios consisting primarily of U.S. Treasury securities, municipal bonds and other debt securities, which are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations, as required for broker-dealers in securities. Certificates of Deposit consist of investments with certain banks with original maturities of six months or less when purchased. Financial Instruments Owned and Pledged as Collateral at Fair Value – The Company's Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities. Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. mature on the next business day) and the underlying securities are debt instruments of the Mexican Government or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell. Accounts Receivable and Contract Assets – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company's clients. The Company records Accounts Receivable, net of any allowance for doubtful accounts, when relevant revenue recognition criteria has been achieved and payment is conditioned on the passage of time. The Company maintains an allowance for doubtful accounts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company's analysis of the client's creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice, with the exception of placement fees, which are generally collected within 180 days of invoice, and fees related to private funds capital raising, which are collected in a period exceeding one year. The collection period for restructuring transaction receivables may exceed 90 days. Receivables that are collected in a period exceeding one year are reflected in Other Assets on the Consolidated Statements of Financial Condition. The Company records contract assets within Other Current Assets and Other Assets on the Consolidated Statements of Financial Condition when payment is due from a client conditioned on future performance or the occurrence of other events. The Company also recognizes a contract asset for the incremental costs of obtaining a contract with a customer if the benefit of those costs is expected to be longer than one year. The Company applies a practical expedient to expense costs to obtain a contract as incurred when the amortization period is one year or less. Investments – The Company's investments include investments in unconsolidated affiliated companies and other investments in private equity partnerships: Affiliates – The Company has equity interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC (collectively, "ABS"), Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff"), Luminis Partners ("Luminis") and G5 (through December 31, 2017, the date the Company exchanged all of its outstanding equity interests for debentures of G5) and includes its share of the income (losses) within Income from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations. The Company assesses its equity method investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 11 for further information. Private Equity – The investments in private equity funds consist primarily of investments in marketable and non-investment securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The fair value of non-investment securities is determined by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-investment securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds' underlying investments as realized and unrealized gains (losses) within Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company also maintains investments in Glisco Manager Holdings LP, Trilantic Capital Partners ("Trilantic") and equity securities in private companies, which are accounted for as equity securities without readily determinable fair values in accordance with ASC 321-10, as well as an investment in a debt security that is accounted for as a held-to-maturity security. The Company assesses its investments quarterly for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 11 for further information. Leases – The Company adopted ASC 842, "Leases" ("ASC 842") on January 1, 2019, using the modified retrospective method of transition. The Company did not have a cumulative-effect adjustment as of the date of adoption. The Company elected to apply the package of practical expedients, which does not require reassessment of whether contracts are or contain leases, of lease classification and of initial direct costs. The Company also elected the transition option in ASU No. 2018-11, "Leases (Topic 842): Targeted Improvements," ("ASU 2018-11") to not apply the new lease standard in comparative periods presented in financial statements in the year of adoption. Following the adoption of ASC 842, the Company includes all leases, including short-term leases, on its Consolidated Statements of Financial Condition. The Company does not separate lease and non-lease components of contracts for leases for the use of office space and equipment. Operating leases for office space generally contain payments for real estate taxes, common area maintenance and other operating expenses in addition to rent payments that are not fixed; the Company accounts for these costs as variable payments and does not include these as part of the lease component. Following the adoption of ASC 842, the present values of the Company's lease commitments are reflected as long-term assets, within Operating Lease Right-of-Use Assets, with corresponding liabilities classified as current and non-current, within Operating Lease Liabilities on the Company's Consolidated Statement of Financial Condition. The Company determines if an arrangement is a lease at inception. Right-of-use assets represent the Company's right to use the underlying assets for their lease terms and lease liabilities represent the Company's obligation to make lease payments arising from these leases. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Right-of-use assets are subject to certain adjustments for lease incentives and initial direct costs. The lease terms include options to extend the lease when it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any residual value guarantees. Operating lease expense is included in Occupancy and Equipment Rental on the Company's Consolidated Statements of Operations (which did not change from the legacy U.S. GAAP presentation). See Notes 3 and 10 for further information. Furniture, Equipment and Leasehold Improvements – Fixed assets, including equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, primarily ranging from three years to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset. Certain costs associated with the acquisition or development of internal-use software and cloud computing arrangements are also capitalized. Once the software is ready for its intended use, the capitalized costs are amortized using the straight-line method over the estimated useful life of the software or hosting arrangement. Capitalized costs associated with cloud computing arrangements are presented in the same line item on the Consolidated Statements of Financial Condition that a prepayment of the fees for the associated hosting arrangement is presented in (within Other Assets). The capitalized costs associated with cloud computing arrangements are amortized over the term of the arrangement and the expense is presented in the same line item on the Consolidated Statements of Operations as the fees associated with the hosting element of the arrangement (within Communications and Information Services). Goodwill and Intangible Assets – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill allocated to its applicable reporting unit is impaired by comparing the fair value of each reporting unit with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods. The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting unit multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The Company adopted ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment" ("ASU 2017-04") effective April 1, 2017. ASU 2017-04 eliminates Step 2 from the goodwill impairment test and requires companies to recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value. Intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable as prescribed by ASC 360, "Property, Plant, and Equipment". See Note 5 for further information. Compensation and Benefits – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period. Share-Based Payments and Other Deferred Compensation – The Company accounts for share-based payments in accordance with ASC 718, "Compensation – Stock Compensation" ("ASC 718"). See Note 19 for further information. Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years ("Service-based Awards") is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units, ("RSUs") and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs, restricted stock and LP Units is charged to Employee Compensation and Benefits on the Consolidated Statements of Operations. Compensation expense is recognized pursuant to performance-based awards if it is probable that the performance condition will be achieved. See Note 19 for a discussion of the awards issued in conjunction with the Company's acquisition of the operating businesses of ISI, as well as the Company's Long-term Incentive Plan and other performance-based awards. Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period. Foreign Currency Translation – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in Foreign Currency Translation Adjustment Gain (Loss), net, as a component of Other Comprehensive Income (Loss) on the Consolidated Statements of Changes in Equity and the Consolidated Statements of Comprehensive Income. Transactional exchange gains and losses are included in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. Income Taxes – The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740") which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of its assets and liabilities, as disclosed in Note 22. Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected on the Company's Consolidated Statements of Financial Condition as deferred tax assets and liabilities. The Company accounts for the impact of changes in statutory income tax rates on deferred tax assets and liabilities in the year of enactment. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company's provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company's net deferred tax assets. The Company adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09") on January 1, 2017, which resulted in excess tax benefits and deficiencies from the delivery of Class A Shares under share-based payment arrangements being recognized in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under legacy U.S. GAAP. See Note 22 for further information. ASC 740 provides a benefit recognition model with a two-step approach consisting of "more-likely-than-not" recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 22 for further information. Reclassifications – During 2018, certain balances on the Consolidated Statements of Operations for prior periods were reclassified to conform to their current presentation. Execution, Clearing and Custody Fees – Other Operating Expenses of $13,572 for the year ended December 31, 2017, and Professional Fees of $1,206 for the year ended December 31, 2017, were reclassified to a new expense line item, "Execution, Clearing and Custody Fees" on the Consolidated Statements of Operations. Other Revenue, Including Interest and Investments – The Company renamed "Other Revenue, Including Interest" to "Other Revenue, Including Interest and Investments" on the Consolidated Statements of Operations and reclassified ($701) of principal trading losses from Investment Banking Revenue for the year ended December 31, 2017, and $2,037 of net realized and unrealized gains on private equity investments from Investment Management Revenue for the year ended December 31, 2017, to "Other Revenue, Including Interest and Investments." Investment Banking Revenue – Following the above reclassifications, the Company disaggregated "Investment Banking Revenue" into "Advisory Fees," "Underwriting Fees" and "Commissions and Related Fees" on the Consolidated Statements of Operations. Asset Management and Administration Fees – Following the above reclassifications, the Company renamed "Investment Management Revenue" to "Asset Management and Administration Fees" on the Consolidated Statements of Operations, which includes management fees from the wealth management and institutional asset management businesses.

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2016-02 – In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 supersedes ASC 840, "Leases" ("ASC 840") and includes requirements for the recognition of a right-of-use asset and lease liability on the balance sheet by lessees for those leases classified as operating leases under previous guidance. In July 2018, the FASB issued ASU 2018-11, which provides an additional transition method to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to Retained Earnings for prior periods as of the beginning of the fiscal year of adoption. The amendments in these updates are effective using a modified retrospective approach as of the date of adoption, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2016-02 on January 1, 2019 using the modified retrospective approach. The adoption resulted in the present value of the Company's lease commitments being reflected on the Company's Consolidated Statements of Financial Condition as a long-term asset with a corresponding liability, classified as current and non-current. Right-of-use assets are subject to certain adjustments for lease incentives and initial direct costs. The Company's lease commitments primarily relate to office space, as discussed in Note 10. The impact on the Company's earnings is not materially different from the prior expense related to leases as required under legacy U.S. GAAP, which is primarily reflected in Occupancy and Equipment Rental expense on the Consolidated Statements of Operations, and there was no impact on the Company's cash flows. The Company recorded lease liabilities of $250,567 on its Consolidated Statement of Financial Condition as of December 31, 2019, along with associated right-of-use assets of $199,988, which reflect the lease liabilities recognized, subject to certain adjustments for lease incentives and initial direct costs. ASU 2016-13 – In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). ASU 2016-13 provides amendments to ASC 326, "Financial Instruments - Credit Losses," which amend the guidance on the impairment of financial instruments and adds an impairment model (the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Entities will recognize an allowance for its estimate of expected credit losses as of the end of each reporting period. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted after December 15, 2018. The Company currently uses the specific identification method for establishing credit provisions and write-offs of its trade accounts receivable. The Company adopted ASU 2016-13 on January 1, 2020. This adoption did not result in a material difference between the current method and the CECL model. ASU 2018-02 – In February 2018, the FASB issued ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02"). ASU 2018-02 provides amendments to ASC 220, "Income Statement - Reporting Comprehensive Income," which allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments in this update are effective either in the period of adoption or retrospectively, to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2018-02 on January 1, 2019 and did not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. As such, there was no impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2018-07 – In June 2018, the FASB issued ASU No. 2018-07, "Improvements to Nonemployee Share-Based Payment Accounting" ("ASU 2018-07"). ASU 2018-07 provides amendments to ASC 718 to align the accounting for share-based payment awards issued to employees and nonemployees, particularly surrounding the measurement date and impact of performance conditions. The amendments in this update are effective during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The amendments in this update should be applied by means of a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption for liability-classified awards that have not been settled and equity-classified awards for which a measurement date has not been established by the date of adoption, and prospectively for all new awards granted after the date of adoption. The Company adopted ASU 2018-07 on January 1, 2019. The adoption of ASU 2018-07 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2018-13 – In August 2018, the FASB issued ASU No. 2018-13, "Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement" ("ASU 2018-13"). ASU 2018-13 provides amendments to ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820"), which remove the requirements surrounding the disclosure and policy of transfers between fair value levels and the valuation processes for recurring Level 3 fair value measurements. In addition, ASU 2018-13 adds disclosure requirements for changes in unrealized gains and losses for Level 3 measurements and the range and weighted average of significant unobservable inputs used in Level 3 fair value measurements. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The amendments on changes in unrealized gains and losses and unobservable inputs for Level 3 measurements should be applied prospectively, and all other amendments in this update should be applied retrospectively. The adoption of ASU 2018-13 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2018-17 – In October 2018, the FASB issued ASU No. 2018-17, "Consolidation (Topic 810) - Targeted Improvements to Related Party Guidance for Variable Interest Entities" ("ASU 2018-17"). ASU 2018-17 provides amendments to ASC 810, which states that any indirect interest held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The amendments are required to be retrospectively applied with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. The adoption of ASU 2018-17 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2019-12 – In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes" ("ASU 2019-12"). ASU 2019-12 provides amendments to ASC 740, which simplify the accounting for income taxes by removing certain exceptions in ASC 740 and clarify and amend certain existing guidance. The amendments in this update are effective during interim and annual periods beginning after December 15, 2020, with early adoption permitted. The amendments on separate financial statements of legal entities that are not subject to tax should be applied on a retrospective basis for all periods presented, amendments on ownership changes of foreign equity method investments or foreign subsidiaries should be applied on a modified retrospective basis, with a cumulative-effect adjustment recorded through retained earnings as of the beginning of the period of adoption, and all other amendments should be applied prospectively. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2020-01 – In January 2020, the FASB issued ASU No. 2020-01, "Clarifying the Interactions Between Topic 321, 323, and Topic 815" ("ASU 2020-01"). ASU 2020-01 provides amendments to clarify the accounting for certain equity securities when the equity method of accounting is applied or discontinued and scope considerations related to forward contracts and purchased options on certain securities. The amendments in this update are effective during interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

Revenue

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue

The following table presents revenue recognized by the Company for the years ended December 31, 2019 and 2018:



	For the Years Ended December 31,
	2019		2018
Investment Banking:
Advisory Fees	$	1,653,585	$	1,743,473
Underwriting Fees	89,681		71,691
Commissions and Related Fees	189,506		200,015
Total Investment Banking	$	1,932,772	$	2,015,179

Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	48,083	$	44,875
Institutional Asset Management	2,528		3,371
Total Investment Management	$	50,611	$	48,246

Following the adoption of ASU 2014-09, expenses related to underwriting transactions are presented gross in the results of operations of the Company, whereas under legacy U.S. GAAP these expenses were presented net. Underwriting Fees are gross of related non-compensation expenses of $4,680 in the Consolidated Statements of Operations for the year ended December 31, 2018. Professional Fees, Travel and Related Expenses, Communications and Information Services and Other Operating Expenses in the Consolidated Statements of Operations are gross of non-compensation expenses of $2,340, $460, $476 and $1,404, respectively, for the year ended December 31, 2018.

Contract Balances

The change in the Company’s contract assets and liabilities during the periods primarily reflects timing differences between the Company’s performance and the client’s payment. The Company’s receivables, contract assets and deferred revenue (contract liabilities) for the years ended December 31, 2019 and 2018 are as follows:



	For the Year Ended December 31, 2019
	Receivables (Current)⁽¹⁾			Receivables (Long-term)⁽²⁾		Contract Assets (Current)⁽³⁾		Contract Assets (Long-term)⁽²⁾		Deferred Revenue (Current Contract Liabilities)⁽⁴⁾			Deferred Revenue (Long-term Contract Liabilities)⁽⁵⁾
Balance at January 1, 2019	$	309,075		$	60,948	$	2,833	$	541	$	4,016		$	1,731
Increase (Decrease)	(12,720		)	2,606		28,692		1,963		(1,524		)	(1,116		)
Balance at December 31, 2019	$	296,355		$	63,554	$	31,525	$	2,504	$	2,492		$	615

	For the Year Ended December 31, 2018
	Receivables (Current)⁽¹⁾			Receivables (Long-term)⁽²⁾		Contract Assets (Current)⁽³⁾		Contract Assets (Long-term)⁽²⁾		Deferred Revenue (Current Contract Liabilities)⁽⁴⁾			Deferred Revenue (Long-term Contract Liabilities)⁽⁵⁾
Balance at January 1, 2018	$	184,993		$	34,008	$	—	$	—	$	3,147		$	1,834
Increase (Decrease)	124,082			26,940		2,833		541		869			(103		)
Balance at December 31, 2018	$	309,075		$	60,948	$	2,833	$	541	$	4,016		$	1,731


(1)	Included in Accounts Receivable on the Consolidated Statements of Financial Condition.


(2)	Included in Other Assets on the Consolidated Statements of Financial Condition.


(3)	Included in Other Current Assets on the Consolidated Statements of Financial Condition.


(4)	Included in Other Current Liabilities on the Consolidated Statements of Financial Condition.


(5)	Included in Other Long-term Liabilities on the Consolidated Statements of Financial Condition.

The Company's contract assets represent arrangements in which an estimate of variable consideration has been included in the transaction price and thereby recognized as revenue that precedes the contractual due date. The application of ASC 606 resulted in advisory revenue of $3,374 being recognized on the Consolidated Statements of Operations for the year ended December 31, 2018, representing variable consideration under the standard for which it is probable that a significant reversal of revenue will not occur, substantially all of which would have been recognized in the first quarter of 2019, under the legacy accounting standard. Under ASC 606, revenue is recognized when all material conditions for completion have been met and it is probable that a significant revenue reversal will not occur in a future period.

The Company recognized revenue of $15,115 and $16,468 on the Consolidated Statements of Operations for the years ended December 31, 2019 and 2018, respectively, that was initially included in deferred revenue on the Company’s Consolidated Statements of Financial Condition.

Generally, performance obligations under client arrangements will be settled within one year; therefore, the Company has elected to apply the practical expedient in ASC 606-10-50-14.

Business Changes and Developments Business Changes and Developments

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Business Changes and Developments

Business Developments

Real Estate Capital Advisory - On April 23, 2018, the Company announced the expansion of its global investment banking platform by establishing a Real Estate Capital Advisory business within its existing Private Capital Advisory L.P. ("PCA") business. This business is focused on primary and secondary transactions for real estate oriented financial sponsors and private equity investors in conjunction with PCA’s existing fund monetization and recapitalization expertise. Certain Real Estate Capital Advisory ("RECA") employees purchased Class R Interests in PCA, at fair value, resulting in an increase to Noncontrolling Interest of $770 on the Company's Consolidated Statement of Financial Condition as of December 31, 2018. See Note 17 for further information.

In conjunction with the establishment of the RECA business, the Company hired certain employees and entered into an arrangement with the former employer of these employees, which, among other things, provides for contingent consideration to be paid to the former employer of up to $4,463, based on the completion of certain client engagements. The Company accounted for this transaction as an asset acquisition and has recognized the contingent consideration paid as an expense in Professional Fees on the Company's Consolidated Statements of Operations as the related revenue from the underlying engagements is realized. The Company recognized expenses of $400 and $3,971 pursuant to this arrangement for the years ended December 31, 2019 and 2018, respectively. The contingent consideration was fully paid as of December 31, 2019.

The Company is the general partner of PCA. Concurrent with this transaction, the Company performed an assessment under ASC 810, and concluded that PCA remains a VIE following this transaction and determined that the Company is still the primary beneficiary of this VIE. Specifically, the Company's general partner interest provides the Company with the ability to make decisions that significantly impact the economic performance of PCA, while the limited partners do not possess substantive participating rights over PCA. The Company's assessment of the primary beneficiary included assessing which parties have the power to significantly impact the economic performance and the obligation to absorb losses, which could be potentially significant to the entity, or the right to receive benefits from the entity that could be potentially significant. The assets of PCA are not generally available to the Company and the liabilities are generally non-recourse to the Company.

Goodwill and Intangible Assets

Goodwill associated with the Company's acquisitions is as follows:



	Investment Banking			Investment Management			Total
Balance at December 31, 2017⁽¹⁾	$	123,308		$	10,923		$	134,231
Foreign Currency Translation and Other	(2,844		)	—			(2,844		)
Balance at December 31, 2018⁽¹⁾	120,464			10,923			131,387
Impairment of Goodwill	—			(2,921		)	(2,921		)
Foreign Currency Translation and Other	2,292			—			2,292
Balance at December 31, 2019⁽²⁾	$	122,756		$	8,002		$	130,758

(1) The amount of the Company's goodwill before accumulated impairment losses of $35,607 was $166,994 and $169,838 at December 31, 2018 and 2017, respectively.


(2)	The amount of the Company's goodwill before accumulated impairment losses of $38,528 was $169,286 at December 31, 2019.

Intangible assets associated with the Company's acquisitions are as follows:



	December 31, 2019
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	—	$	3,830	$	3,830	$	—	$	2,743	$	2,743
Other	5,320		445		5,765		4,159		390		4,549
Total	$	5,320	$	4,275	$	9,595	$	4,159	$	3,133	$	7,292

	December 31, 2018
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	42,000	$	3,830	$	45,830	$	35,356	$	2,360	$	37,716
Other	5,320		445		5,765		3,167		334		3,501
Total	$	47,320	$	4,275	$	51,595	$	38,523	$	2,694	$	41,217

Expense associated with the amortization of intangible assets was $8,077, $9,199 and $9,793 for the years ended December 31, 2019, 2018 and 2017, respectively.

Based on the intangible assets above, as of December 31, 2019, annual amortization of intangibles for each of the next five years is as follows:



2020	$	1,606
2021	$	363
2022	$	334
2023	$	—
2024	$	—

Impairments of Goodwill

At November 30, 2019, in accordance with ASC 350, "Intangibles - Goodwill and Other" ("ASC 350"), the Company performed its annual goodwill impairment assessment. The Company concluded that the fair value of its reporting units substantially exceeded their carrying values as of November 30, 2019, with the exception of the Institutional Asset Management reporting unit, which was less than its carrying value.

In determining the fair value of this reporting unit, the Company utilized a discounted cash flow methodology based on the adjusted cash flows from operations. The discounted cash flow methodology began with the forecasted cash flows of the reporting unit and applied a discount rate of approximately 17%, which reflected the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The forecast inherent in the valuation assumes a compound annual growth rate in revenues of 3%.

As a result of the above analysis, the Company determined that the fair value of the Institutional Asset Management reporting unit was less than its carrying value as of November 30, 2019. The Company recorded a goodwill impairment charge of $833 in the Investment Management segment, which is included within Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2019. This charge resulted in a decrease of $543 to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2019.

The Company entered into an agreement to sell the trust business of Evercore Casa de Bolsa, S.A. de C.V. ("ECB") (the "ECB Trust Business"), which is a part of its Investment Management segment. Completion of this transaction is expected to occur in 2020. As of December 31, 2019, the ECB Trust Business includes $475 of goodwill, representing an allocation of goodwill

based on the relative fair value of the business being sold to the total fair value of the Institutional Asset Management reporting unit.

In accordance with ASC 350, the Company performed an impairment assessment of the goodwill remaining in the Institutional Asset Management reporting unit following the classification of the ECB Trust Business as Held for Sale in December 2019. In determining the fair value of this reporting unit, the Company utilized a discounted cash flow methodology based on the adjusted cash flows from operations. The discounted cash flow methodology began with the forecasted cash flows of the reporting unit and applied a discount rate of approximately 17%, which reflected the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The forecast inherent in the valuation assumes a compound annual growth rate in revenues of 3%.

As a result of the above analysis, the Company determined that the fair value of the remaining business in the Institutional Asset Management reporting unit was less than its carrying value. Accordingly, the Company recorded a goodwill impairment charge of $2,088 in the Investment Management segment, which is included within Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2019. This charge resulted in a decrease of $1,361 to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2019.

During the second quarter of 2017, in accordance with ASC 350 the Company performed an impairment assessment of the goodwill remaining in the Institutional Asset Management reporting unit following the classification of the Institutional Trust and Independent Fiduciary business of Evercore Trust Company, N.A. ("ETC") as Held for Sale. In determining the fair value of this reporting unit, the Company utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations. The market multiple approach included applying the average earnings multiples of comparable public companies, multiplied by the forecasted earnings of the reporting unit, to yield an estimate of fair value.

As a result of the above analysis, the Company determined that the fair value of the remaining business in the Institutional Asset Management reporting unit was less than its carrying value. The Company adopted ASU 2017-04 during the second quarter of 2017. Accordingly, the Company recorded a goodwill impairment charge in the Investment Management segment of $7,107, which is included within Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2017. This charge resulted in a decrease of $3,694 to Net Income Attributable to Evercore Inc. (after adjustments for noncontrolling interest and income taxes) for the year ended December 31, 2017.

Acquisition and Transition Costs and Special Charges	12 Months Ended
Acquisition and Transition Costs and Special Charges	Dec. 31, 2019
Business Combinations [Abstract]
Acquisition and Transition Costs and Special Charges [Text Block]	Acquisition and Transition Costs and Special Charges Acquisition and Transition Costs The Company recognized $1,013, $21 and $1,673 for the years ended December 31, 2019, 2018 and 2017, respectively, as Acquisition and Transition Costs incurred in connection with acquisitions, divestitures, and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services. Special Charges The Company recognized $10,141 for the year ended December 31, 2019, as Special Charges incurred related to a charge of $2,921 associated with the impairment of goodwill in the Company's Institutional Asset Management reporting unit, expenses of $4,370 related to the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of the Company's headquarters in New York and separation and transition benefits for certain employees terminated as a result of the Company's review of its operations of $2,850. In the first quarter of 2020, the Company completed a review of its operations focused on markets, sectors and people which delivered lower levels of productivity in an effort to attain greater flexibility of operations and better position itself for future growth. This review, which began in the fourth quarter of 2019, will generate reductions of approximately 6% of the Company's headcount. In conjunction with the employment reductions, the Company is expected to incur costs (including costs related to the acceleration of deferred compensation) of approximately $38,000, $2,850 of which has been recorded in Special Charges in 2019. The Company's estimates are based on a number of assumptions. Actual results may differ materially and additional charges not currently expected may be incurred in connection with, or as a result of, these employment reductions. The Company recognized $5,012 for the year ended December 31, 2018, as Special Charges incurred related to separation benefits and costs for the termination of certain contracts associated with closing the Company's agency trading platform in the U.K. and separation benefits and related charges associated with the Company's businesses in Mexico, as well as the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of the Company's headquarters in New York. The Company recognized $25,437 for the year ended December 31, 2017, as Special Charges incurred related to a charge of $7,107 associated with the impairment of goodwill in the Company's Institutional Asset Management reporting unit, a charge of $14,400 associated with the impairment of the Company's former equity method investment in G5, and expenses of $3,930 associated with the transition of certain employees in conjunction with the sale of the Institutional Trust and Independent Fiduciary business of ETC. See Notes 5 and 11 for further information.

Related Parties

12 Months Ended

Dec. 31, 2019

Related Parties

Other Assets on the Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $13,137 and $16,359 as of December 31, 2019 and 2018, respectively.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2019 and 2018:



	December 31,
	2019		2018
Advances to Employees	$	20,923	$	22,889
Personal Expenses Paid on Behalf of Employees and Related Parties	1,114		692
Other	379		255
Receivable from Employees and Related Parties	$	22,416	$	23,836

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2019 and 2018:



	December 31,
	2019		2018
Board of Director Fees	$	567	$	566
Amounts Due to U.K. Members	21,566		22,167
Amounts Due Pursuant to Tax Receivable Agreements^(a)	9,570		9,161
Payable to Employees and Related Parties	$	31,703	$	31,894

(a)

Relates to the current portion of the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $84,952 and $94,411 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2019 and 2018, respectively.

Investment Securities and Certificates of Deposit

12 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Investment Securities and Certificates of Deposit

The Company's Investment Securities and Certificates of Deposit as of December 31, 2019 and 2018 were as follows:



	December 31, 2019								December 31, 2018
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt Securities	$	114,204	$	591	$	11	$	114,784	$	1,622	$	10	$	—	$	1,632
Equity Securities	666		—		168		498		666		—		410		256
Debt Securities Carried by Broker-Dealers	225,727		1,648		20		227,355		147,009		954		—		147,963
Investment Funds	58,704		7,809		—		66,513		56,296		402		1,922		54,776
Total Investment Securities (carried at fair value)	$	399,301	$	10,048	$	199	$	409,150	$	205,593	$	1,366	$	2,332	$	204,627

Certificates of Deposit (carried at contract value)							214,796								100,000

Total Investment Securities and Certificates of Deposit							$	623,946							$	304,627

Scheduled maturities of the Company's available-for-sale debt securities as of December 31, 2019 and 2018 were as follows:



	December 31, 2019				December 31, 2018
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	108,662	$	109,217	$	391	$	391
Due after one year through five years	5,542		5,567		1,231		1,241
Total	$	114,204	$	114,784	$	1,622	$	1,632

Since the Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity, and has not incurred credit losses on its securities, it does not consider such unrealized loss positions to be other-than-temporarily impaired at December 31, 2019.

Debt Securities

Debt Securities are classified as available-for-sale securities within Investment Securities on the Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had net realized losses of ($14), ($28) and ($38) for the years ended December 31, 2019, 2018 and 2017, respectively.

Equity Securities

Equity Securities are carried at fair value with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $243, ($193) and $64 for the years ended December 31, 2019, 2018 and 2017, respectively.

Debt Securities Carried by Broker-Dealers

EGL and other broker-dealers invest in fixed income portfolios consisting primarily of U.S. Treasury bills, municipal bonds and other debt securities. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of $491, $546 and ($865) for the years ended December 31, 2019, 2018 and 2017, respectively.

Investment Funds

The Company invests in a portfolio of exchange-traded funds and mutual funds as an economic hedge against the Company's deferred cash compensation program. See Note 19 for further information. These securities are carried at fair value, with changes

in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $13,785, ($5,113) and $4,088 for the years ended December 31, 2019, 2018 and 2017, respectively.

Futures

In April 2019, the Company entered into three month futures contracts on a stock index fund with a notional amount of $14,815 for $680, as an economic hedge against the Company's deferred cash compensation program. These contracts settled in June 2019. In accordance with ASC 815, "Derivatives and Hedging," these contracts are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company had net realized gains of $59 for the year ended December 31, 2019. In February 2020, the Company entered into four month futures contracts on a stock index fund with a notional amount of $38,908, as an economic hedge against the Company's deferred cash compensation program. These contracts will settle in June 2020.

Certificates of Deposit

At December 31, 2019, the Company held certificates of deposit of $214,796 with certain banks with original maturities of six months or less when purchased. These certificates of deposit matured in January 2020. At December 31, 2018, the Company held certificates of deposit of $100,000 with certain banks with original maturities of six months or less when purchased. These certificates of deposit matured during the first quarter of 2019.

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

12 Months Ended

Dec. 31, 2019

Banking and Thrift [Abstract]

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

The Company, through ECB, enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the open market, which the Company reflects as Financial Instruments Owned and Pledged as Collateral at Fair Value on the Consolidated Statements of Financial Condition, or by entering into reverse repurchase agreements with unrelated third parties. The Company accounts for these repurchase and reverse repurchase agreements as collateralized financing transactions, which are carried at their contract amounts, which approximate fair value given that the contracts mature the following business day. The Company records a liability on its Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. The Company records as assets on its Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where the Company has acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where the Company has acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities had an estimated average time to maturity of approximately 1.0 year, as of December 31, 2019, and are pledged as collateral against repurchase agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB and permit the counterparty to pledge the securities.

ECB has procedures in place to monitor the daily risk limits for positions taken, as well as the credit risk based on the collateral pledged under these agreements against their contract value from inception to maturity date. The daily risk measure is Value at Risk ("VaR"), which is a statistical measure, at a 98% confidence level, of the potential daily losses from adverse market movements in an ordinary market environment based on a historical simulation using the prior year's historical data. ECB's Risk Management Committee (the "Committee") has established a policy to maintain VaR at levels below 0.1% of the value of the portfolio. If at any point in time the threshold is exceeded, ECB personnel are alerted by an automated interface with ECB's trading systems and begin to make adjustments in the portfolio in order to mitigate the risk and bring the portfolio in compliance. Concurrently, ECB personnel must notify the Committee of the variance and the actions taken to reduce the exposure to loss.

In addition to monitoring VaR, ECB periodically performs discrete stress tests to assure that the level of potential losses that would arise from extreme market movements that may not be anticipated by VaR measures are within acceptable levels.

As of December 31, 2019 and 2018, a summary of the Company's assets, liabilities and collateral received or pledged related to these transactions was as follows:



	December 31,
	2019						2018
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	12,431					$	22,349
Securities Purchased Under Agreements to Resell	13,566			$	13,572		2,696			$	2,701
Total Assets	$	25,997					$	25,045
Liabilities
Securities Sold Under Agreements to Repurchase	$	(26,000	)	$	(25,992	)	$	(25,075	)	$	(25,099	)

Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2035. The lease terms include options to extend the lease when it is reasonably certain that the Company will exercise that option. The Company reflects lease expense over the lease terms on a straight-line basis. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. The Company does not have any leases with variable lease payments. Occupancy and Equipment Rental on the Consolidated Statements of Operations includes operating lease cost for office space of $41,257 and variable lease cost of $8,474 for the year ended December 31, 2019.

On July 1, 2018, the Company entered into a new lease agreement for office space at its headquarters at 55 East 52nd St., New York, New York. Under the terms of the agreement, the Company committed to extend the lease term for the Company's current space and add space on up to seven additional floors, three of which commenced as of the lease’s effective date. The Company anticipates that it will take possession of the remainder of these floors over the next four years. On December 6, 2019, the lease was modified to add an additional floor and to extend the lease term for all current and prospective space to end on December 31, 2035.

In conjunction with the lease of office space, the Company has entered into letters of credit in the amounts of approximately $5,536 and $5,502, which are secured by cash that is included in Other Assets on the Consolidated Statements of Financial Condition as of December 31, 2019 and 2018, respectively.

The Company has entered into various operating leases for the use of office equipment (primarily computers, printers, copiers and other IT related equipment). Occupancy and Equipment Rental on the Consolidated Statements of Operations includes operating lease cost for office equipment of $4,107 for the year ended December 31, 2019.

The Company uses its secured incremental borrowing rate to determine the present value of its right-of-use assets and lease liabilities. The determination of an appropriate incremental borrowing rate requires significant assumptions and judgment. The Company's incremental borrowing rate was calculated based on the Company's recent debt issuances and current market conditions. The Company scales the rates appropriately depending on the life of the leases.

The Company incurred net operating cash outflows of $20,175 for the year ended December 31, 2019 related to its operating leases, which were net of cash received from lease incentives of $18,771.

Upon adoption of ASC 842 on January 1, 2019, the Company recorded Right-of-Use Assets on its statement of financial condition of $180,935. Other information as it relates to the Company's operating leases is as follows:



	For the Year Ended
	December 31, 2019
New Right-of-Use Assets obtained in exchange for new operating lease liabilities	$	57,004


	December 31, 2019
Weighted-average remaining lease term - operating leases	10.5 years
Weighted-average discount rate - operating leases	4.38		%

As of December 31, 2019, the maturities of the undiscounted operating lease liabilities for which the Company has commenced use are as follows:



2020	$	43,342
2021	44,120
2022	38,383
2023	23,663
2024	18,025
Thereafter	166,311
Total lease payments	333,844
Less: Tenant Improvement Allowances	(14,968		)
Less: Imputed Interest	(68,309		)
Present value of lease liabilities	250,567
Less: Current lease liabilities	(33,316		)
Long-term lease liabilities	$	217,251

In conjunction with the lease agreement to expand its headquarters at 55 East 52nd St., New York, New York, and lease agreements at certain other locations, the Company entered into leases for office space which have not yet commenced and thus are not yet included on the Company's Consolidated Statements of Financial Condition as right-of-use assets and lease liabilities. The Company anticipates that it will take possession of these spaces between 2020 and 2023 with lease terms of 1 to 16 years. The additional future payments under these arrangements are $332,771 as of December 31, 2019.

As of December 31, 2018, the approximate aggregate minimum future payments required on the operating leases, net of rent abatement and certain other rent credits, under legacy U.S. GAAP (ASC 840), were as follows:



2019	$	36,537
2020	39,059
2021	39,561
2022	39,585
2023	27,564
Thereafter	403,450
Total	$	585,756

Investments

12 Months Ended

Dec. 31, 2019

Investments [Abstract]

Investments

The Company's investments reported on the Consolidated Statements of Financial Condition consist of investments in unconsolidated affiliated companies, other investments in private equity partnerships, equity securities in private companies and investments in G5, Glisco Manager Holdings LP and Trilantic. The Company's investments are relatively high-risk and illiquid assets.

The Company's investments in ABS, Atalanta Sosnoff, Luminis and G5 are in voting interest entities. The Company's share of earnings (losses) on these investments (through December 31, 2017 for G5, the date the Company exchanged all of its outstanding equity interests for debentures of G5) is included within Income from Equity Method Investments on the Consolidated Statements of Operations.

The Company also has investments in private equity partnerships which consist of investment interests in private equity funds which are voting interest entities. Realized and unrealized gains and losses on the private equity investments are included within Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations.

Equity Method Investments

A summary of the Company's investments accounted for under the equity method of accounting as of December 31, 2019 and 2018 was as follows:



	December 31,
	2019		2018
ABS	$	40,052	$	38,699
Atalanta Sosnoff	12,300		13,291
Luminis	4,923		6,517
Total	$	57,275	$	58,507

ABS

On December 29, 2011, the Company made an investment accounted for under the equity method of accounting in ABS Investment Management, LLC. Effective as of September 1, 2018, ABS Investment Management, LLC underwent an internal reorganization pursuant to which the Company contributed its ownership interest in ABS Investment Management, LLC to ABS in exchange for ownership interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC. Taken together, the ownership interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC are substantially equivalent to the contributed ownership interests in ABS Investment Management, LLC. At December 31, 2019, the Company's economic ownership interest in ABS was 46%. This investment resulted in earnings of $8,870, $7,565 and $7,990 for the years ended December 31, 2019, 2018 and 2017, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Atalanta Sosnoff

On December 31, 2015, the Company amended the Operating Agreement with Atalanta Sosnoff and deconsolidated its assets and liabilities, accounting for its interest under the equity method of accounting from that date forward. At December 31, 2019, the Company's economic ownership interest in Atalanta Sosnoff was 49%. This investment resulted in earnings of $1,210, $1,211 and $493 for the years ended December 31, 2019, 2018 and 2017, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Luminis

On January 1, 2017, the Company acquired an interest in Luminis and accounted for its interest under the equity method of accounting. At December 31, 2019, the Company's ownership interest in Luminis was 20%. This investment resulted in earnings of $916, $518 and $499 for the years ended December 31, 2019, 2018 and 2017, respectively, included within Income from Equity Method Investments on the Consolidated Statements of Operations.

Other

In 2010, the Company made an investment accounted for under the equity method of accounting in G5. During the second quarter of 2017, following a sustained period of economic and political instability in Brazil and after concluding that the expected recovery in the M&A markets in Brazil would be delayed for the foreseeable future, G5 experienced a decline in previously forecasted advisory backlog and as such, management of G5 revised their revenue forecast. As a result, the Company performed an assessment of the carrying value of its equity interest in G5 for other-than-temporary impairment in accordance with ASC 323-10, "Investments - Equity Method and Joint Ventures." In determining the fair value of its investment, the Company utilized both a market multiple approach and a discounted cash flow methodology based on the adjusted cash flows from operations.

As a result of the above analysis, the Company determined that the fair value of its investment in G5 was less than its carrying value and concluded this loss in value was other-than-temporary. Accordingly, the Company recorded an impairment charge in the Investment Banking segment of $14,400, which is included in Special Charges on the Consolidated Statement of Operations for the year ended December 31, 2017, resulting in a decrease in its investment in G5 to its fair value of $11,555 as of May 31, 2017.

This investment resulted in a loss of ($144) for the year ended December 31, 2017, included within Income from Equity Method Investments on the Consolidated Statements of Operations. On December 31, 2017, the Company exchanged all of its outstanding equity interests in G5 for debentures of G5. See Debt Security Investment below for further information.

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company's share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets of $684, $893 and $1,505 for the years ended December 31, 2019, 2018 and 2017, respectively.

The Company assesses its equity method investments for impairment annually, or more frequently if circumstances indicate impairment may have occurred.

Debt Security Investment

On December 31, 2017, the Company exchanged all of its outstanding equity interests in G5 for debentures of G5. The Company records its investment in G5 as a held-to-maturity debt security within Investments on the Consolidated Statements of Financial Condition. The securities are mandatorily redeemable on December 31, 2027, or earlier, subject to the occurrence of certain events. The Company is accreting its investment to its redemption value ratably, or on an accelerated basis if certain revenue thresholds are met by G5, from December 31, 2017 to December 31, 2027. This investment is subject to currency translation from Brazilian real to the U.S. dollar, included in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. This investment had a balance of $9,235 and $9,717 as of December 31, 2019 and 2018, respectively.

Investments in Private Equity

Private Equity Funds

The Company's investments related to private equity partnerships and associated entities include investments in Evercore Capital Partners II, L.P. ("ECP II"), Glisco Partners II, L.P. ("Glisco II"), Glisco Partners III, L.P. ("Glisco III"), Glisco Capital Partners IV ("Glisco IV"), Trilantic Capital Partners Associates IV, L.P. ("Trilantic IV"), Trilantic Capital Partners V, L.P. ("Trilantic V") and Trilantic Capital Partners VI (North America), L.P. ("Trilantic VI"). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

During 2019, the Company made an investment of $3,015 in Trilantic VI.

On December 31, 2014, ECP II was terminated. ECP II has been fully distributed as of December 31, 2019.

A summary of the Company's investments in the private equity funds as of December 31, 2019 and 2018 was as follows:



	December 31,
	2019		2018
ECP II	$	—	$	795
Glisco II, Glisco III and Glisco IV	3,820		3,880
Trilantic IV, Trilantic V and Trilantic VI	9,727		5,125
Total Private Equity Funds	$	13,547	$	9,800

Net realized and unrealized losses on private equity fund investments were ($790), ($397) and ($915) for the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2018, Glisco II, Trilantic IV and Trilantic V made distributions of $2,059, $194 and $1,549, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of December 31, 2019, there was no previously distributed carried interest received from the funds that was subject to repayment.

General Partners of Private Equity Funds which are VIEs

Following the Glisco transaction, the Company concluded that Glisco Capital Partners II, Glisco Capital Partners III and Glisco Manager Holdings LP are VIEs and that the Company is not the primary beneficiary of these VIEs. The Company's assessment of the primary beneficiary of these entities included assessing which parties have the power to significantly impact the economic performance of these entities and the obligation to absorb losses, which could be potentially significant to the entities, or the right to receive benefits from the entities that could be potentially significant. Neither the Company nor its related parties will have the ability to make decisions that significantly impact the economic performance of these entities. Further, as a limited partner in these entities, the Company does not possess substantive participating rights. The Company had assets of $4,658 and $5,445 included in its Consolidated Statements of Financial Condition at December 31, 2019 and 2018, respectively, related to these unconsolidated VIEs, representing the carrying value of the Company's investments in the entities. The Company's exposure to the obligations of these VIEs is generally limited to its investments in these entities. The Company's maximum exposure to loss as of December 31, 2019 and 2018 was $8,810 and $8,048, respectively, which represents the carrying value of the Company's investments in these VIEs, as well as any unfunded commitments to the current and future funds.

Investment in Trilantic Capital Partners

In 2010, the Company made a limited partnership investment in Trilantic in exchange for 500 Class A LP Units having a fair value of $16,090. This investment gave the Company the right to invest in Trilantic's current and future private equity funds, beginning with Trilantic Fund IV. The Company accounts for this investment at its cost minus impairment, if any, plus or minus changes resulting from observable price changes. The Company allocates the cost of this investment to its investments in current and future Trilantic funds as the Company satisfies the capital calls of these funds. The Company bases this allocation on its expectation of Trilantic's future fundraising ability and performance. During 2019, $155 and $3,015 of this investment was allocated to Trilantic Fund V and VI, respectively. From 2010 to 2018, $4,980 and $1,178 of this investment was allocated to Trilantic Fund V and IV, respectively. This investment had a balance of $6,762 and $9,932 as of December 31, 2019 and 2018, respectively. The Company has a $5,000 commitment to invest in Trilantic Fund V, of which $391 was unfunded at December 31, 2019. The Company also has a $12,000 commitment to invest in Trilantic Fund VI, of which $9,164 was unfunded at December 31, 2019. The Company funded $2,836 of the commitment to invest in Trilantic Fund VI during the year ended December 31, 2019.

Other Investments

In 2015, the Company received an equity security in a private company in exchange for advisory services. This investment is accounted for at its cost minus impairment, if any, plus or minus changes resulting from observable price changes and had a balance of $1,079 as of December 31, 2019 and 2018.

In May 2019, the Company received preferred equity securities in a private company in exchange for advisory services. This investment is accounted for at its cost minus impairment, if any, plus or minus changes resulting from observable price changes and had a balance of $693 as of December 31, 2019.

Following the Glisco transaction in 2016, the Company recorded an investment in Glisco Manager Holdings LP representing the fair value of the deferred consideration resulting from this transaction. This investment is accounted for at its cost minus impairment, if any, plus or minus changes resulting from observable price changes. The Company amortizes the balance of its investment as distributions are received related to the deferred consideration. This investment had a balance of $899 and $1,609 as of December 31, 2019 and 2018, respectively.

Fair Value Measurements

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

ASC 820 establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities, listed derivatives and treasury bills. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The estimated fair values of the Corporate Bonds, Municipal Bonds and Other Debt Securities held at December 31, 2019 and 2018 are based on prices provided by external pricing services.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2019 and 2018:



	December 31, 2019
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities Carried by Broker-Dealers	$	168,650	$	58,705	$	—	$	227,355
Other Debt and Equity Securities⁽¹⁾	111,823		6,449		—		118,272
Investment Funds	66,513		—		—		66,513
Financial Instruments Owned and Pledged as Collateral at Fair Value	12,431		—		—		12,431
Total Assets Measured At Fair Value	$	359,417	$	65,154	$	—	$	424,571

	December 31, 2018
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities Carried by Broker-Dealers⁽²⁾	$	109,577	$	62,801	$	—	$	172,378
Other Debt and Equity Securities⁽¹⁾	6,232		1,982		—		8,214
Investment Funds	54,776		—		—		54,776
Financial Instruments Owned and Pledged as Collateral at Fair Value	22,349		—		—		22,349
Total Assets Measured At Fair Value	$	192,934	$	64,783	$	—	$	257,717


(1)	Includes $2,990 and $6,326 of treasury bills and notes and municipal bonds classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2019 and 2018, respectively.


(2)	Includes $24,415 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statement of Financial Condition as of December 31, 2018.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.

The Company had no transfers between fair value levels during the years ended December 31, 2019 and 2018.

During the fourth quarter of 2019, the Company determined that the fair value of the Institutional Asset Management reporting unit was $8,777. The fair value of the reporting unit was estimated by utilizing a discounted cash flow methodology based on adjusted cash flows from operations. Goodwill is measured at fair value on a non-recurring basis as a Level III asset. See Note 5 for further information.

The carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Consolidated Statements of Financial Condition, are listed in the tables below.



			December 31, 2019
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	630,818	$	630,818	$	—	$	—	$	630,818
Certificates of Deposit	214,796		—		214,796		—		214,796
Debt Security Investment	9,235		—		—		9,235		9,235
Securities Purchased Under Agreements to Resell	13,566		—		13,566		—		13,566
Receivables⁽¹⁾	359,909		—		357,047		—		357,047
Contract Assets⁽²⁾	34,029		—		33,854		—		33,854
Receivable from Employees and Related Parties	22,416		—		22,416		—		22,416
Closely-held Equity Securities	1,772		—		—		1,772		1,772
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	39,726	$	—	$	39,726	$	—	$	39,726
Securities Sold Under Agreements to Repurchase	26,000		—		26,000		—		26,000
Payable to Employees and Related Parties	31,703		—		31,703		—		31,703
Notes Payable	375,062		—		382,274		—		382,274

			December 31, 2018
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	759,849	$	759,849	$	—	$	—	$	759,849
Certificates of Deposit	100,000		—		100,000		—		100,000
Debt Security Investment	9,717		—		—		9,717		9,717
Securities Purchased Under Agreements to Resell	2,696		—		2,696		—		2,696
Receivables⁽¹⁾	370,023		—		369,636		—		369,636
Contract Assets⁽²⁾	3,374		—		3,348		—		3,348
Receivable from Employees and Related Parties	23,836		—		23,836		—		23,836
Closely-held Equity Security	1,079		—		—		1,079		1,079
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	37,948	$	—	$	37,948	$	—	$	37,948
Securities Sold Under Agreements to Repurchase	25,075		—		25,075		—		25,075
Payable to Employees and Related Parties	31,894		—		31,894		—		31,894
Notes Payable	168,612		—		166,555		—		166,555


(1)	Includes Accounts Receivable and Long-term receivables included in Other Assets on the Consolidated Statements of Financial Condition. The adoption of ASU 2016-01 in 2018 resulted in the Company prospectively including the fair value of its receivables that are due in excess of one year in the above table.

(2)

Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Consolidated Statements of Financial Condition.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following:



	December 31,
	2019			2018
Furniture and Equipment	$	64,153		$	39,349
Leasehold Improvements	133,820			91,597
Computer and Technology-related	46,213			39,617
Total	244,186			170,563
Less: Accumulated Depreciation and Amortization	(117,387		)	(89,494		)
Furniture, Equipment and Leasehold Improvements, Net	$	126,799		$	81,069

Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $22,946, $17,855 and $15,026 for the years ended December 31, 2019, 2018 and 2017, respectively. In addition, the Company recognized Special Charges of $4,370 and $2,058 for the years ended December 31, 2019 and 2018, respectively, related to the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of its headquarters in New York. See Note 6 for further information.

Notes Payable and Subordinated Borrowings

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Notes Payable and Subordinated Borrowings

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes, including: $38,000 aggregate principal amount of its 4.88% Series A senior notes due 2021 (the "Series A Notes"), $67,000 aggregate principal amount of its 5.23% Series B senior notes due 2023 (the "Series B Notes"), $48,000 aggregate principal amount of its 5.48% Series C senior notes due 2026 (the "Series C Notes") and $17,000 aggregate principal amount of its 5.58% Series D senior notes due 2028 (the "Series D Notes" and together with the Series A Notes, the Series B Notes and the Series C Notes, the "2016 Private Placement Notes"), pursuant to a note purchase agreement (the "2016 Note Purchase Agreement") dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the 2016 Private Placement Notes is payable semi-annually and the 2016 Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the 2016 Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the 2016 Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the 2016 Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the 2016 Private Placement Notes plus accrued and unpaid interest to the prepayment date. The 2016 Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio, and customary events of default. As of December 31, 2019, the Company was in compliance with all of these covenants.

On August 1, 2019, the Company issued $175,000 and £25,000 of senior unsecured notes through private placement. These notes reflect a weighted average life of 12 years and a weighted average stated interest rate of 4.26%. These notes include: $75,000 aggregate principal amount of its 4.34% Series E senior notes due 2029 (the "Series E Notes"), $60,000 aggregate principal amount of its 4.44% Series F senior notes due 2031 (the "Series F Notes"), $40,000 aggregate principal amount of its 4.54% Series G senior notes due 2033 (the "Series G Notes") and £25,000 aggregate principal amount of its 3.33% Series H senior notes due 2033 (the "Series H Notes" and together with the Series E Notes, the Series F Notes and the Series G Notes, the "2019 Private Placement Notes"), each of which were issued pursuant to a note purchase agreement dated as of August 1, 2019 (the "2019 Note Purchase Agreement"), among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the 2019 Private Placement Notes is payable semi-annually and the 2019 Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the 2019 Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the 2019 Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the 2019 Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the 2019 Private Placement Notes plus accrued and unpaid interest to the prepayment date. The 2019 Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio and a minimum tangible net worth, and customary events of default. As of December 31, 2019, the Company was in compliance with all of these covenants.

The Company intends to use the proceeds from the 2019 Private Placement Notes to fund investments in its business, including facilities and technology, and for other general corporate purposes.

Notes Payable is comprised of the following as of December 31, 2019 and 2018:



				Carrying Value^(a)
				December 31,
Note	Maturity Date	Effective Annual Interest Rate		2019		2018
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	37,873	$	37,776
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,581		66,466
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,595		47,542
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,842		16,828
Evercore Inc. 4.34% Series E Senior Notes	8/1/2029	4.46	%	74,282		—
Evercore Inc. 4.44% Series F Senior Notes	8/1/2031	4.55	%	59,422		—
Evercore Inc. 4.54% Series G Senior Notes	8/1/2033	4.64	%	39,613		—
Evercore Inc. 3.33% Series H Senior Notes	8/1/2033	3.42	%	32,854		—
Total				$	375,062	$	168,612


(a)	Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

The Company had subordinated borrowings, principally with an executive officer of the Company, due on October 31, 2019. These borrowings had a coupon of 5.5%, payable semi-annually. In March 2018, the Company repaid $6,700 of the original borrowings and in May 2018, the Company repaid the remaining $99 of the original borrowings.

As of December 31, 2019, the future payments required on the Notes Payable, including principal and interest, were as follows:



2020	$	19,871
2021	54,757
2022	15,830
2023	81,078
2024	12,326
Thereafter	335,828
Total	$	519,690

Employee Benefit Plans Employee Benefit Plans	12 Months Ended
Employee Benefit Plans Employee Benefit Plans	Dec. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Defined Contribution Retirement Plan – The Company, through a subsidiary, provides certain retirement benefits to employees through a qualified retirement plan. The Evercore Partners Services East L.L.C. Retirement Plan (the "Evercore Plan") is a defined contribution plan with a salary deferral feature under Section 401(k) of the Internal Revenue Code. It also includes a discretionary profit sharing feature. The Evercore Plan was formed on February 1, 1996 and subsequently amended. The Evercore Plan's year ends on December 31 of each year. The Company, at its sole discretion, determines the amount, if any, of profit to be contributed to the Evercore Plan. The Company made no contributions to the Evercore Plan for each of the years ended December 31, 2019, 2018 and 2017. Beginning January 1, 2020, for certain employees, the Company will contribute matching contributions to the Evercore Plan of 100% of up to 3% of eligible compensation, defined as salary plus cash bonus compensation, to a maximum of $3 per employee. Evercore Europe Defined Contribution Benefit Plan – Evercore U.K. provides a defined contribution benefit plan, the Evercore Partners International Group Personal Pension Plan (the "Evercore Europe Plan"), for Evercore U.K. employees and members. The Evercore Europe Plan was established in November 2006 and subsequently amended. The Evercore Europe Plan, for employees starting between November 2006 and July 2011, has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue, the Inland Revenue Service in the United Kingdom. Evercore U.K. employees must have elected to participate in the plan prior to July 2011, and Evercore U.K. has a minimum annualized contribution of 15% to 50% of an employee's salary for all the employees who participated, depending on the respective employee's level within the Company. These employees are also eligible to contribute up to 10% of their salary to the Evercore Europe Plan and under the terms of the Evercore Europe Plan, if an employee contributes a minimum of 7.5% to 10% of their salary to the plan, Evercore U.K. must make a matching contribution of 5% to 10% of the employee's salary depending on the employee's level within the Company. The Evercore Europe Plan, for employees starting after July 2011, has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue. Evercore U.K. has a minimum annualized contribution of 15.0% of an employee's salary. Employees are also eligible to contribute a percentage of their salary to the Evercore Europe Plan, however, any contribution made does not entitle them to a matching contribution from Evercore U.K.. The Company made contributions to the Evercore Europe Plan of $2,972, $2,915 and $3,145 for the years ended December 31, 2019, 2018 and 2017, respectively. Evercore ISI U.K. Personal Pension Plan – For employees of Evercore ISI U.K., a personal pension plan is available for all employees to contribute a percentage of their salary. The Company contributed up to 5% of an employee's salary through March 2018; starting in April 2018, the Company contributes up to 6% of an employee's salary. The Company made contributions to the Evercore ISI U.K. Personal Pension Plan of $124, $137 and $165 for the years ended December 31, 2019, 2018 and 2017, respectively.

Evercore Inc. Stockholders' Equity	12 Months Ended
Evercore Inc. Stockholders' Equity	Dec. 31, 2019
Equity [Abstract]
Evercore Inc. Stockholders' Equity	Evercore Inc. Stockholders' Equity Dividends – The Company's Board of Directors declared on January 28, 2020, a quarterly cash dividend of $0.58 per share, to the holders of record of shares of Class A Shares as of February 28, 2020, which will be paid on March 13, 2020. During the year ended December 31, 2019, the Company declared and paid dividends of $2.24 per share, totaling $89,407, and accrued deferred cash dividends on unvested RSUs, totaling $14,642. During the year ended December 31, 2019, the Company also paid deferred cash dividends of $7,396. During the year ended December 31, 2018, the Company declared and paid dividends of $1.90 per share, totaling $77,302, and accrued deferred cash dividends on unvested RSUs, totaling $12,288. Treasury Stock – During the year ended December 31, 2019, the Company purchased 1,039 Class A Shares primarily from employees at market values ranging from $71.11 to $96.22 per share (at an average cost per share of $89.15), primarily for the net settlement of stock-based compensation awards, and 2,360 Class A Shares at market values ranging from $73.18 to $92.33 per share (at an average cost per share of $80.69) pursuant to the Company's share repurchase program. The aggregate 3,399 Class A Shares were purchased at an average cost per share of $83.28, and the result of these purchases was an increase in Treasury Stock of $283,081 on the Company's Consolidated Statement of Financial Condition as of December 31, 2019. During the year ended December 31, 2018, the Company purchased 1,085 Class A Shares primarily from employees at values ranging from $79.47 to $115.30 per share (at an average cost per share of $99.64), primarily for the net settlement of stock-based compensation awards, and 2,021 Class A Shares at market values ranging from $80.05 to $112.30 per share (at an average cost per share of $89.81) pursuant to the Company's share repurchase program. The aggregate 3,106 Class A Shares were purchased at an average cost per share of $93.24 and the result of these purchases was an increase in Treasury Stock of $289,681 on the Company's Consolidated Statement of Financial Condition as of December 31, 2018. LP Units – During the year ended December 31, 2019, 353 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $3 and $15,138, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2019. During the year ended December 31, 2018, 1,182 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $12 and $46,583, respectively, on the Company's Consolidated Statement of Financial Condition as of December 31, 2018. See Note 22 for further discussion. Accumulated Other Comprehensive Income (Loss) – As of December 31, 2019, Accumulated Other Comprehensive Income (Loss) on the Company's Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($4,007) and ($23,589), respectively. The application of ASU 2016-01 resulted in the reclassification of $2,229 of cumulative unrealized losses, net of tax, on Investment Securities in Accumulated Other Comprehensive Income (Loss) to Retained Earnings on the Consolidated Statement of Financial Condition as of January 1, 2018. The G5 transaction in 2017 resulted in the reclassification of $16,266 of cumulative foreign currency translation losses in Accumulated Other Comprehensive Income (Loss) on the Consolidated Statement of Financial Condition to Other Revenue, Including Interest and Investments, on the Consolidated Statement of Operations for the year ended December 31, 2017. See Note 11 for further information.

Noncontrolling Interest

12 Months Ended

Dec. 31, 2019

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling Interest recorded in the consolidated financial statements relates to the following approximate interests in certain of the Company's consolidated subsidiaries, which are not owned by the Company. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations.



	December 31,
	2019		2018		2017
Subsidiary:
Evercore LP	12	%	11	%	12	%
EWM⁽¹⁾	30	%	43	%	42	%
PCA⁽²⁾	—	%	10	%	25	%
RECA⁽³⁾	38	%	38	%	—	%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests.

(2) Noncontrolling Interests represent the Common Interests of Private Capital Advisory L.P.

(3) Noncontrolling Interests represent the Class R Interests of Private Capital Advisory L.P.

The Noncontrolling Interests for Evercore LP, EWM and RECA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the years ended December 31, 2019, 2018 and 2017 were as follows:



	For the Years Ended December 31,
	2019			2018			2017
Beginning balance	$	249,819		$	252,404		$	256,033

Comprehensive Income (Loss):
Net Income Attributable to Noncontrolling Interest	56,225			65,611			53,753
Other Comprehensive Income (Loss)	513			(203		)	3,375
Total Comprehensive Income	56,738			65,408			57,128

Evercore LP Units Purchased or Converted into Class A Shares	(15,142		)	(46,594		)	(47,263		)

Amortization and Vesting of LP Units/Interests	27,890			19,860			14,922

Other Items:
Distributions to Noncontrolling Interests	(54,706		)	(41,413		)	(36,374		)
Issuance of Noncontrolling Interest	3,368			1,165			8,460
Purchase of Noncontrolling Interest	(11,433		)	(1,011		)	(281		)
Other, net	—			—			(221		)
Total Other Items	(62,771		)	(41,259		)	(28,416		)

Ending balance	$	256,534		$	249,819		$	252,404

Other Comprehensive Income – Other Comprehensive Income (Loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Securities and Investments, net, of ($82), ($43) and $75 for the years ended December 31, 2019, 2018 and 2017, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of $595, ($160) and $3,300 for the years ended December 31, 2019, 2018 and 2017, respectively.

Interests Issued – During 2019, 32 Class A LP Units were issued, primarily related to the purchase of EWM Class A Units. See Interests Purchased below for further information.

During 2018, in conjunction with the establishment of the RECA business, certain employees of that business purchased Class R Interests, at fair value, in Private Capital Advisory L.P., resulting in an increase to Noncontrolling Interest of $770 on the Company's Consolidated Statement of Financial Condition as of December 31, 2018.

Interests Purchased – On May 31, 2019, the Company purchased, at fair value, the remaining 10% of the Private Capital Advisory L.P. Common Interests for $28,382. This purchase resulted in a decrease to Noncontrolling Interest of $6,674 and a decrease to Additional Paid-In-Capital of $21,708, on the Company's Consolidated Statement of Financial Condition as of December 31, 2019.

On May 31, 2019, the Company also purchased, at fair value, an additional 17% of the EWM Class A Units for $24,533 (in cash of $21,832 and the issuance of 31 Class A LP Units having a fair value of $2,701). This purchase resulted in a net decrease to Noncontrolling Interest of $4,759 and a decrease to Additional Paid-In-Capital of $19,774, on the Company's Consolidated Statement of Financial Condition as of December 31, 2019.

On March 29, 2018, the Company purchased, at fair value, an additional 15% of the Private Capital Advisory L.P. Common Interests for $25,525. This purchase resulted in a decrease to Noncontrolling Interest of $298 and a decrease to Additional Paid-In-Capital of $25,227 on the Company's Consolidated Statement of Financial Condition as of December 31, 2018.

On March 3, 2017, the Company purchased, at fair value, an additional 13% of the Private Capital Advisory L.P. Common Interests for $7,071, and on December 11, 2017, the Company purchased, at fair value, an additional 1% of the Private Capital Advisory L.P. Common Interests for $1,429. These purchases resulted in a decrease to Noncontrolling Interest of $281 and a

decrease to Additional Paid-In-Capital of $8,219 on the Company's Consolidated Statements of Financial Condition as of December 31, 2017.

During the year ended December 31, 2017, the Company purchased 32 LP Units and certain other rights from noncontrolling interest holders, resulting in a decrease to Noncontrolling Interest of $2,523 on the Company's Consolidated Statement of Financial Condition as of December 31, 2017.

In addition, LP Units were exchanged for Class A Shares during the years ended December 31, 2019, 2018 and 2017, respectively. See Note 16 for further information.

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the years ended December 31, 2019, 2018 and 2017 are described and presented below.



	For the Years Ended December 31,
	2019		2018		2017
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	297,436	$	377,240	$	125,454
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,994		40,595		39,641
Basic net income per share attributable to Evercore Inc. common shareholders	$	7.44	$	9.29	$	3.16
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	297,436	$	377,240	$	125,454
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(b)		(b)		(b)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(b)		(b)		(b)
Diluted net income attributable to Evercore Inc. common shareholders	$	297,436	$	377,240	$	125,454
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,994		40,595		39,641
Assumed exchange of LP Units for Class A Shares^(a)(b)	718		1,378		842
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	2,082		2,906		2,719
Shares that are contingently issuable^(c)	400		400		1,624
Diluted weighted average Class A Shares outstanding	43,194		45,279		44,826
Diluted net income per share attributable to Evercore Inc. common shareholders	$	6.89	$	8.33	$	2.80

(a)

The Company has outstanding Class J LP Units, which convert into Class E LP Units and ultimately become exchangeable into Class A Shares on a one-for-one basis. During the years ended December 31, 2019, 2018 and 2017, the Class J LP Units were dilutive and consequently the effect of their exchange into Class A Shares has been included in the calculation of diluted net income per share attributable to Evercore Inc. common shareholders under the if-converted method. In computing this adjustment, the Company assumes that all Class J LP Units are converted into Class A Shares.

(b)

The Company also has outstanding Class A and E LP Units, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the years ended December 31, 2019, 2018 and 2017, the Class A and E LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 5,254, 5,075 and 5,920 for the years ended December 31, 2019, 2018 and 2017, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $39,940, $46,060 and $28,186 for the years ended December 31, 2019, 2018 and 2017, respectively. In computing this adjustment, the Company assumes that all vested Class A LP Units and all Class E LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and that the Company is subject to the statutory tax rates of a C-Corporation under a conventional corporate tax structure in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the Class A and E LP Units will result in a dilutive computation in future periods.

(c)

The Company has outstanding Class I-P Units which are contingently exchangeable into Class I LP Units, and ultimately Class A Shares, and outstanding Class K-P Units which are contingently exchangeable into Class K LP Units, and ultimately Class A Shares, as they are subject to certain performance thresholds being achieved. The Company previously had outstanding Class G and H LP Interests which were contingently exchangeable into Class E LP Units, and ultimately Class A Shares. In July 2017, the Company exchanged all of the outstanding Class H LP Interests for a number of Class J LP Units. As of December 31, 2017, all of the Class G LP Interests either converted into Class E LP Units or were forfeited pursuant to their performance terms. See Note 19 for further discussion. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class G and H LP Interests, Class I-P Units and Class K-P Units are included in diluted weighted average Class A Shares outstanding as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that are included in diluted weighted average Class A Shares outstanding is based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period. The Units/Interests that were assumed to be converted to an equal number of Class A Shares for purposes of computing diluted net income per share attributable to Evercore Inc. common shareholders were 400 for each of the years ended December 31, 2019 and 2018, and 1,624 for the year ended December 31, 2017.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

Share-Based and Other Deferred Compensation

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Share-Based and Other Deferred Compensation

LP Units

Equities business – In conjunction with the acquisition of the operating businesses of ISI in 2014, the Company issued Evercore LP units and interests which have been treated as compensation, including 710 vested Class E LP Units and an allocation of the value, attributed to post-combination service, of 710 Class E LP Units that vested ratably on October 31, 2015, 2016 and 2017 and became exchangeable into Class A Shares upon vesting, subject to certain liquidated damages and continued employment provisions. Compensation expense related to Class E LP Units was $17,962 for the year ended December 31, 2017. The Class E LP Units were fully expensed at December 31, 2017.

The Company also issued 538 vested and 540 unvested Class G LP Interests, which vested ratably and became exchangeable into Class A Shares of the Company in February 2016, 2017 and 2018 if certain earnings before interest and taxes, excluding underwriting, ("Management Basis EBIT") margin thresholds within a range of 12% to 16%, were achieved for the calendar year preceding the date the interests become exchangeable. In the event of death, disability or termination of employment without cause, unvested Class G LP Interests could be canceled or vest based on determination of expected performance, based on a decision by Management. As of December 31, 2017, all of the Class G LP Interests either converted into Class E LP Units or were forfeited pursuant to their performance terms.

In addition, in conjunction with the acquisition of ISI, the Company also issued 2,044 vested and 2,051 unvested Class H LP Interests, which would have vested ratably on February 15, 2018, 2019 and 2020. Subject to continued employment, the Company's vested Class H LP Interests would have become exchangeable in February 2018, 2019 and 2020, if certain average Management Basis EBIT and Management Basis EBIT margin thresholds, within ranges of $8,000 to $48,000 and 7% to 17%, respectively, were achieved for the three calendar years preceding the date the interests become exchangeable. In the event of

death, disability or termination of employment without cause, unvested Class H LP Interests could be canceled or vest based on determination of expected performance, based on a decision by Management.

In July 2017, the Company exchanged all of the previously outstanding 4,148 Class H LP Interests for 1,012 vested (963 of which were subject to certain liquidated damages and continued employment provisions) and 938 unvested Class J LP Units. These units convert into an equal amount of Class E LP Units, and become exchangeable into Class A Shares of the Company, ratably on February 15, 2018, 2019 and 2020. These Class J LP Units have the same vesting and delivery schedule, acceleration and forfeiture triggers, and distribution rights as the Class H LP Interests. In connection with this exchange, one share of Class B common stock has been issued to each holder of Class J LP Units, which entitles each holder to one vote on all matters submitted generally to holders of Class A and Class B common stock for each Class E LP Unit and Class J LP Unit held. As the number of Class J LP Units exchanged was within the number of Class H LP Interests that the Company determined were probable of being exchanged on the date of modification, the Company is expensing the previously unrecognized grant date fair value of the Class H LP Interests ratably over the remaining vesting period of the Class J LP Units. Compensation expense related to the Class J LP Units was $18,101, $15,054 and $6,020 for the years ended December 31, 2019, 2018 and 2017, respectively.

On February 15, 2020, 223 Class J LP Units vested and were converted to an equal amount of Class E LP Units. Following the conversion, no Class J LP Units are issued and outstanding.

Based on Evercore ISI's results for the year ended December 31, 2017, as well as the Company's revised outlook for the Evercore ISI business, the Company determined that the achievement of the remaining performance thresholds for certain of the Class G LP Interests was no longer probable at December 31, 2017. Prior to the exchange into Class J LP Units in 2017, the Company had determined that the achievement of the remaining performance thresholds for certain of the Class H LP Interests was probable at June 30, 2017, but at a lower assumed performance level than previously determined. These determinations resulted in previously recognized expense of $26,224 for certain of the Class G and H LP Interests being reversed during the first quarter of 2017. The determination assumed a Management Basis EBIT margin of 11.7% and an annual Management Basis EBIT of $26,904 being achieved in 2017 and a Management Basis EBIT margin of 14.0% and an annual Management Basis EBIT of $34,357 being achieved in 2018 and 2019 for Evercore ISI, which would have resulted in 2,005 Class H LP Interests vesting and becoming exchangeable into Class E LP Units. Accordingly, $12,897 of expense was reversed for the year ended December 31, 2017 for the Class G and H LP Interests.

During the first quarter of 2017, the Company amended the terms of 19 Class E LP Units, 14 Class G LP Interests and 162 Class H LP Interests for an exiting employee. The amendment resulted in expense, included within compensation expense related to the Class E LP Units and Class G and H LP Interests above, of $3,532 for the year ended December 31, 2017, reflecting the reversal of all previous expense related to these awards and the subsequent amortization of the awards at the amended grant date fair value of $14,891. These awards were amortized ratably through June 30, 2017.

The following table summarizes activity related to the LP Units for the Company's equities business during the year ended December 31, 2019:



	Class J LP Units
	Number of Units		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2019	1,265		$	24,181
Granted	2		176
Modified	76		4,407
Forfeited	(2	)	(13		)
Vested	(1,118	)	(24,440		)
Unvested Balance at December 31, 2019	223		$	4,311

Other Performance-based Awards – In November 2016, the Company issued 400 Class I-P Units in conjunction with the appointment of the Executive Chairman. These Class I-P Units convert into a specified number of Class I LP Units, which are exchangeable on a one-for-one basis to Class A Shares, contingent on the achievement of certain market and service conditions, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following January 15, 2022, subject to a one year prior written notice requirement) or a change in control. These Class I-P Units are segregated into two groups of 200 units each, with share price threshold vesting conditions which are required to exceed a certain level for

20 consecutive trading days (which were met as of March 31, 2017). The Company determined the fair value of the award to be $24,412 and is expensing the award ratably over the implied service period, which ends on March 1, 2022. As the award contains market-based conditions, the entire expense will be recognized if the award does not vest for any reason other than the service conditions. Compensation expense related to this award was $4,619 for each of the years ended December 31, 2019, 2018 and 2017.

In November 2017, the Company issued 64 Class K-P Units to an employee of the Company. These Class K-P Units convert into a specified number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares), contingent upon the achievement of certain defined benchmark results and continued service through December 31, 2021. An additional 16 Class K-P Units may be issued contingent upon the achievement of certain defined benchmark results (which were probable of achievement as of December 31, 2019) and continued service through December 31, 2021. The Company determined the value of the award probable to vest as of December 31, 2019 to be $6,250 and records expense for these units over the service period.

In June 2019, the Company issued 220 Class K-P Units to an employee of the Company. These Class K-P Units convert into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares), contingent and based upon the achievement of certain defined benchmark results and continued service through February 4, 2023 for the first tranche, which consists of 120 Class K-P Units convertible into a number of Class K LP Units, and February 4, 2028 for the second tranche, which consists of 100 Class K-P Units convertible into a number of Class K LP Units. The Company determined the value of the award probable to vest as of December 31, 2019 to be $14,386 and records expense for these units over the service period.

Compensation expense related to the Class K-P Units was $3,690, $1,200 and $197 for the years ended December 31, 2019, 2018 and 2017, respectively,

As of December 31, 2019, the total compensation cost not yet recognized related to the Class J LP Units, Class I-P Units and Class K-P Units, including awards which are subject to performance conditions, was $25,958. The weighted-average period over which this compensation cost is expected to be recognized is 14 months.

Stock Incentive Plan

In 2006 the Company's stockholders and board of directors adopted the Evercore Inc. 2006 Stock Incentive Plan. The total number of Class A Shares which could be issued under this plan was 20,000. During the second quarter of 2013, the Company's stockholders approved the Amended and Restated 2006 Evercore Inc. Stock Incentive Plan. The amended and restated plan, among other things, authorized an additional 5,000 shares of the Company's Class A Shares.

During 2016, the Company's stockholders approved the Amended and Restated 2016 Evercore Inc. Stock Incentive Plan (the "2016 Plan"). The 2016 Plan, among other things, authorizes an additional 10,000 shares of the Company's Class A Shares. The 2016 Plan permits the Company to grant to key employees, directors and consultants incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, RSUs and other awards based on the Company's Class A Shares. The Company intends to use newly-issued Class A Shares to satisfy any awards under the 2016 Plan and its predecessor plan. Class A Shares underlying any award granted under the 2016 Plan that expire, terminate or are canceled or satisfied for any reason without being settled in stock again become available for awards under the plans. The total shares available to be granted in the future under the 2016 Plan was 2,872 and 5,349 as of December 31, 2019 and 2018, respectively.

The Company also grants, at its discretion, dividend equivalents, in the form of unvested RSU awards, or deferred cash dividends, concurrently with the payment of dividends to the holders of Class A Shares, on all unvested RSU grants awarded in conjunction with annual bonuses, as well as new hire awards. The dividend equivalents have the same vesting and delivery terms as the underlying RSU award.

The Company estimates forfeitures in the aggregate compensation cost to be amortized over the requisite service period of its awards. The Company periodically monitors its estimated forfeiture rate and adjusts its assumptions to the actual occurrence of forfeited awards. A change in estimated forfeitures is recognized through a cumulative adjustment in the period of the change.

The Company had 82 RSUs which were fully vested but not delivered as of December 31, 2019.

Equity Grants

2019 Equity Grants. During 2019, pursuant to the 2016 Plan, the Company granted employees 2,598 RSUs that are Service-based Awards. Service-based Awards granted during 2019 had grant date fair values of $72.11 to $96.22 per share, with an average value of $91.04 per share. During 2019, 2,473 Service-based Awards vested and 121 Service-based Awards were forfeited.

Compensation expense related to Service-based Awards, including RSUs granted to the Executive Chairman in November 2016, was $208,786 for the year ended December 31, 2019.

The following table summarizes activity related to Service-based Awards during the year ended December 31, 2019:



	Service-based Awards
	Number of Shares		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2019	6,410		$	468,905
Granted	2,598		236,529
Modified	—		—
Forfeited	(121	)	(10,376		)
Vested	(2,473	)	(167,602		)
Unvested Balance at December 31, 2019	6,414		$	527,456

As of December 31, 2019, the total compensation cost related to unvested Service-based Awards not yet recognized was $266,086. The ultimate amount of such expense is dependent upon the actual number of Service-based Awards that vest. The Company periodically assesses the forfeiture rates used for such estimates. A change in estimated forfeiture rates would cause the aggregate amount of compensation expense recognized in future periods to differ from the estimated unrecognized compensation expense described herein. The weighted-average period over which this compensation cost is expected to be recognized is 23 months.

2018 Equity Grants. During 2018, pursuant to the 2016 Plan, the Company granted employees 1,968 RSUs that are Service-based Awards. Service-based Awards granted during 2018 had grant date fair values of $81.84 to $114.80 per share, with an average value of $95.01 per share. During 2018, 2,523 Service-based Awards vested and 70 Service-based Awards were forfeited. Compensation expense related to Service-based Awards, including RSUs granted to the Executive Chairman in November 2016, was $171,354 for the year ended December 31, 2018.

2017 Equity Grants. During 2017, pursuant to the 2016 Plan, the Company granted employees 2,813 RSUs that are Service-based Awards. Service-based Awards granted during 2017 had grant date fair values of $69.10 to $85.68 per share, with an average value of $78.32 per share. During 2017, 2,512 Service-based Awards vested and 154 Service-based Awards were forfeited. Compensation expense related to Service-based Awards, including RSUs granted to the Executive Chairman in November 2016, was $156,353 for the year ended December 31, 2017.

Deferred Cash

The Company's deferred cash compensation program provides participants the ability to elect to receive a portion of their deferred compensation in cash, which is indexed to notional investment portfolios selected by the participant and vests ratably over four years and requires payment upon vesting. The Company granted $93,366, $82,592 and $3,750 of deferred cash awards pursuant to the deferred cash compensation program during the years ended December 31, 2019, 2018 and 2017, respectively.

In November 2016, the Company granted a restricted cash award in conjunction with the appointment of the Executive Chairman with a target payment amount of $35,000, of which $11,000 vested on March 1, 2019 and $6,000 is scheduled to vest on each of the first four anniversaries of March 1, 2019, provided that the Executive Chairman continues to remain employed through each such vesting date, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following May 1, 2019, subject to a six month prior written notice requirement) or a change in control. The Company had the discretion to increase (by an amount up to $35,000) or decrease (by an amount up to $8,750) the total amount payable under this award.

In 2017, the Company granted deferred cash awards of $29,500 to certain employees. These awards vest in five equal installments over the period ending June 30, 2022, subject to continued employment. The Company records expense for these awards ratably over the vesting period.

Compensation expense related to deferred cash awards was $93,201, $58,430 and $24,677 for the years ended December 31, 2019, 2018 and 2017, respectively. As of December 31, 2019, the total compensation cost related to deferred cash awards not yet recognized was $127,242. The weighted-average period over which this compensation cost is expected to be recognized is 25 months.

2020 Equity and Deferred Cash Grants

During the first quarter of 2020, as part of the 2019 bonus awards, the Company granted to certain employees approximately 1,900 unvested RSUs pursuant to the 2016 Plan with a grant date fair value of $81.53 per share. These awards will generally vest over four years. In addition, during the first quarter of 2020, the Company granted approximately $179,000 of deferred cash to certain employees which is pursuant to the deferred cash compensation program. These awards will generally vest over four years.

Long-term Incentive Plan

The Company's Long-term Incentive Plan provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over four-year performance periods beginning January 1, 2013 (the "2013 Long-term Incentive Plan") and January 1, 2017 (the "2017 Long-term Incentive Plan"). The 2013 Long-term Incentive Plan was paid in cash in installments in 2017, 2018 and the first quarter of 2019. The 2017 Long-term Incentive Plan, which aggregates $97,353 of long-term liabilities on the Consolidated Statement of Financial Condition as of December 31, 2019, is due to be paid, in cash or Class A Shares, at the Company's discretion, in three equal installments in the first quarter of 2021, 2022 and 2023, subject to employment at the time of payment. These awards are subject to retirement eligibility requirements after the performance criteria has been achieved. The Company periodically assesses the probability of the benchmarks being achieved and expenses the probable payout over the requisite service period of the award. The compensation expense related to these awards was $31,931, $42,745 and $31,923 for the years ended December 31, 2019, 2018 and 2017, respectively. In conjunction with this plan, the Company distributed cash payments of $19,516, $4,532 and $34,157 during the years ended December 31, 2019, 2018 and 2017, respectively.

As of December 31, 2019, based on the Company's current assessment of the probability of the level of benchmarks being achieved, the total remaining expense to be accrued for the 2017 Long-term Incentive Plan over the future vesting period ending March 15, 2023 is $60,441.

Employee Loans Receivable

Periodically, the Company provides new and existing employees with cash payments in the form of loans and/or other cash awards which are subject to ratable vesting terms with service requirements ranging from one to five years and in certain circumstances, subject to the achievement of performance requirements. Generally, the terms of these awards include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. In circumstances where the employee meets the Company's minimum credit standards, the Company amortizes these awards to compensation expense over the relevant service period, which is generally the period they are subject to forfeiture. Compensation expense related to these awards was $20,421, $17,971 and $20,969 for the years ended December 31, 2019, 2018 and 2017, respectively. The remaining unamortized amount of these awards was $34,073 as of December 31, 2019.

Other

The total income tax benefit related to share-based compensation arrangements recognized in the Company's Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017 was $49,251, $39,958 and $53,402, respectively. The benefit for 2017 does not reflect the impact of the Tax Cuts and Jobs Act, which was enacted on December 22, 2017. See Note 22 for further information.

Separation and Transition Benefits

The Company granted separation benefits to certain employees, resulting in expense included in Employee Compensation and Benefits within the Investment Banking segment of approximately $8,145 for the year ended December 31, 2019. This is comprised of expense related to cash separation benefits of $6,178 and expense related to the acceleration of the amortization of share-based payments of $1,967. In conjunction with these arrangements, the Company distributed cash payments of $6,035 for the year ended December 31, 2019.

The Company granted separation benefits to certain employees, resulting in expense included in Employee Compensation and Benefits of approximately $9,420 and $6,655 for the years ended December 31, 2018 and 2017, respectively. In conjunction with these arrangements, the Company distributed cash payments of $8,565 and $2,914 for the years ended December 31, 2018 and 2017, respectively.

In the first quarter of 2020, the Company completed a review of its operations focused on markets, sectors and people which delivered lower levels of productivity in an effort to attain greater flexibility of operations and better position itself for future

growth. This review, which began in the fourth quarter of 2019, will generate reductions of approximately 6% of the Company's headcount. In conjunction with the employment reductions, the Company is expected to incur costs (including costs related to the acceleration of deferred compensation) of approximately $38,000. The Company's estimates are based on a number of assumptions. Actual results may differ materially and additional charges not currently expected may be incurred in connection with, or as a result of, these employment reductions.

In conjunction with this review, the Company granted separation and transition benefits to certain employees, resulting in expense included in Special Charges primarily within the Investment Banking segment of $2,850 for the year ended December 31, 2019. This is comprised of expense related to separation benefits and accelerated deferred cash compensation (together, "Termination Costs") of $1,578 and expense related to the acceleration of the amortization of share-based payments of $1,272. In conjunction with these arrangements, the Company distributed cash payments of $377 for the year ended December 31, 2019.

The following table presents the change in the Company's Termination Costs liability for the year ended December 31, 2019:



Balance at January 1, 2019	$	505
Termination Costs Incurred	7,756
Cash Benefits Paid	(6,412		)
Non-Cash Charges	(698		)
Balance at December 31, 2019	$	1,151

The Company also granted separation and transition benefits to certain employees, resulting in expense included in Special Charges of $2,024 and $3,930 for the years ended December 31, 2018 and 2017, respectively. See Note 6 for further information.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Private Equity – As of December 31, 2019, the Company had unfunded commitments for capital contributions of $13,767 to private equity funds. These commitments will be funded as required through the end of each private equity fund's investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

On February 11, 2010, the Company announced the formation of a strategic alliance to pursue private equity investment opportunities with Trilantic and to collaborate on the future growth of Trilantic's business. See Note 11 for further information.

Lines of Credit – On June 24, 2016, Evercore Partners Services East L.L.C. ("East") entered into a loan agreement with PNC Bank, National Association ("PNC") for a revolving credit facility in an aggregate principal amount of up to $30,000, to be used for working capital and other corporate activities. This facility is secured by East's accounts receivable and the proceeds therefrom, as well as certain assets of EGL, including certain of EGL's accounts receivable. In addition, the agreement contains certain reporting covenants, as well as certain debt covenants that prohibit East and the Company from incurring other indebtedness, subject to specified exceptions. The Company and its consolidated subsidiaries were in compliance with these covenants as of December 31, 2019. Drawings under this facility bear interest at the prime rate. On January 2, 2018, East drew down $30,000 on this facility, which was repaid on March 2, 2018. On March 11, 2019, East drew down $30,000 on this facility, which was repaid on May 3, 2019. On June 21, 2019, East amended this facility with PNC such that, among other things, the interest rate provisions were modified to LIBOR plus 125 basis points and the maturity date was extended to October 31, 2020 (as amended, the "Existing PNC Facility").

On July 26, 2019, East entered into an additional loan agreement with PNC for a revolving credit facility in an aggregate principal amount of up to $20,000, to be used for working capital and other corporate activities. The facility is unsecured and matures on October 31, 2020, subject to an extension agreed to between East and PNC. In addition, the agreement contains certain reporting requirements and debt covenants consistent with the Existing PNC Facility. The Company and its consolidated subsidiaries were in compliance with these covenants as of December 31, 2019. Drawings under this facility bear interest at LIBOR plus 150 basis points. East is only permitted to borrow under this facility if there is no undrawn availability under the Existing PNC Facility and must repay indebtedness under this facility prior to repaying indebtedness under the Existing PNC Facility. There have been no drawings under this facility as of December 31, 2019.

ECB maintains a line of credit with BBVA Bancomer to fund its trading activities on an intra-day and overnight basis. The facility has a maximum aggregate principal amount of approximately $7,920 and is secured by trading securities. No interest is

charged on the intra-day facility. The overnight facility is charged the Inter-Bank Balance Interest Rate plus 10 basis points. There have been no significant draw downs on ECB's line of credit since August 10, 2006. The line of credit is renewable annually.

Tax Receivable Agreement – As of December 31, 2019, the Company estimates the contractual obligations related to the Tax Receivable Agreement to be $94,522. The Company expects to pay to the counterparties to the Tax Receivable Agreement $9,570 within one year or less, $19,994 in one to three years, $19,863 in three to five years and $45,095 after five years.

Other Commitments – In addition, the Company enters into commitments to pay contingent consideration related to certain of its acquisitions. The Company paid $2,008 of its commitment for contingent consideration related to its acquisition of Kuna & Co, KG during 2019. At December 31, 2019, the Company had a remaining commitment of $296 for contingent consideration related to its acquisition of Kuna & Co. KG.

The Company also had a commitment for contingent consideration related to an arrangement with the former employer of certain RECA employees, which provides for contingent consideration to be paid to the former employer of up to $4,463, based on the completion of certain client engagements. The Company recognized expenses of $400 and $3,971 for the years ended December 31, 2019 and 2018, respectively, in Professional Fees on the Company's Consolidated Statements of Operations pursuant to this arrangement. The contingent consideration was fully paid as of December 31, 2019. See Note 5 for further information.

Restricted Cash – The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of financial position that sum to the total of amounts shown in the Consolidated Statements of Cash Flows:



	December 31,
	2019		2018		2017
Cash and Cash Equivalents	$	633,808	$	790,590	$	609,587
Restricted Cash included in Other Assets	10,078		9,506		7,798
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$	643,886	$	800,096	$	617,385

Restricted Cash included in Other Assets on the Consolidated Statements of Financial Condition primarily represents letters of credit which are secured by cash as collateral for the lease of office space and security deposits for certain equipment. The restrictions will lapse when the leases end.

Foreign Exchange – On occasion, the Company enters into foreign currency exchange forward contracts as an economic hedge against exchange rate risk for foreign currency denominated accounts receivable in EGL. There were no foreign currency exchange forward contracts outstanding as of December 31, 2019.

Contingencies

In the normal course of business, from time to time, the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Singapore, Canadian, Dubai and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company's business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of determining whether any loss in connection with such matters is probable and whether the amount of such loss can be reasonably estimated, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot estimate the amount of such loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings (including the matter described below), individually or in the aggregate, the resolution of which would have a material effect on the Company. Provisions for losses are established in accordance with ASC 450, "Contingencies" when warranted. Once established, such provisions are adjusted when there is more information available or when an event occurs requiring a change.

Beginning on or about November 16, 2016, several putative securities class action complaints were filed against Adeptus Health Inc. ("Adeptus") and certain others, including EGL as underwriter, in connection with Adeptus' June 2014 initial public offering and May 2015, July 2015 and June 2016 secondary public offerings. The cases were consolidated in the U.S. District Court for the Eastern District of Texas where a consolidated complaint was filed asserting, in part, that the offering materials issued in connection with the four public offerings violated the U.S. Securities Act of 1933 by containing alleged misstatements and omissions. On April 19, 2017, Adeptus filed for Chapter 11 bankruptcy and was subsequently removed as a defendant. On November 21, 2017, the plaintiffs filed a consolidated complaint, and the defendants filed motions to dismiss on February 5, 2018. On September 12, 2018, the defendants' motions to dismiss were granted as to the claims relating to the initial public offering and the May 2015 secondary public offering, but denied as to the claims relating to the July 2015 and June 2016 secondary public offerings. EGL underwrote approximately 293 shares of common stock in the July 2015 secondary public offering, representing an aggregate offering price of approximately $30,800, but did not underwrite any shares in the June 2016 secondary public offering. On September 25, 2018, the plaintiffs filed an amended complaint relating only to the July 2015 and June 2016 secondary public offerings. On December 7, 2018, the plaintiffs filed a motion for class certification, and the defendants filed briefs in opposition. On February 16, 2019, the plaintiffs filed a second amended complaint after having been granted leave to amend by the court. On March 4, 2019, the defendants filed a motion to dismiss as to the second amended complaint. On January 9, 2020, the Court granted preliminary approval of a settlement among the parties, including the underwriters, and scheduled a final hearing for May 20, 2020. The settlement amount attributed to the Company is not material to the Company.

Regulatory Authorities	12 Months Ended
Regulatory Authorities	Dec. 31, 2019
Banking and Thrift [Abstract]
Regulatory Authorities	Regulatory Authorities EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL's regulatory net capital as of December 31, 2019 and 2018 was $331,510 and $331,097, respectively, which exceeded the minimum net capital requirement by $331,260 and $330,847, respectively. Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries are in excess of their local capital adequacy requirements at December 31, 2019. ETC, which is limited to fiduciary activities, is regulated by the Office of the Comptroller of the Currency ("OCC") and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require) and maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 180 days coverage of ETC's operating expenses. The Company was in compliance with the aforementioned agreements as of December 31, 2019.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References

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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

As a result of the Company's formation and initial public offering, collectively referred to as the reorganization, the operating business entities of the Company were restructured and a portion of the Company's income is subject to U.S. federal, state, local and foreign income taxes and is taxed at the prevailing corporate tax rates. Taxes Payable as of December 31, 2019 and 2018 were $3,400 and $33,621, respectively.

On December 22, 2017, the SEC staff issued SAB 118 to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available or computed analysis in reasonable detail to complete the accounting for certain income tax effects of the Tax Cuts and Jobs Act. The Company recognized a provisional tax impact related to the re-measurement of net deferred tax assets, the write down of other comprehensive income related to certain foreign subsidiaries, the valuation allowance and effects of the mandatory deemed repatriation tax on undistributed earnings of foreign subsidiaries within its consolidated financial statements for the year ended December 31, 2017. During 2018, the Company finalized the provisional tax impact.

Additionally, the Company expects to recognize the income tax effects associated with the new global intangible low-taxed income ("GILTI") provisions in the period incurred. For the years ended December 31, 2019 and 2018, no additional income tax expense associated with the GILTI provisions has been reported and it is not expected to be material to the Company’s effective tax rate for the year.

The following table presents the U.S. and non-U.S. components of Income before income tax expense:



	For the Years Ended December 31,
	2019		2018		2017
U.S.	$	359,496	$	449,171	$	379,407
Non-U.S.	32,986		36,589		4,489
Income before Income Tax Expense^(a)	$	392,482	$	485,760	$	383,896


(a)	Net of Noncontrolling Interest.

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017 consist of:



	For the Years Ended December 31,
	2019			2018			2017
Current:
Federal	$	72,712		$	80,690		$	85,371
Foreign	6,134			7,360			9,796
State and Local	26,703			24,451			14,955
Total Current	105,549			112,501			110,122
Deferred:
Federal	(2,169		)	(4,771		)	150,800
Foreign	(5,022		)	(61		)	(3,464		)
State and Local	(3,312		)	851			984
Total Deferred	(10,503		)	(3,981		)	148,320
Total	$	95,046		$	108,520		$	258,442

A reconciliation between the federal statutory income tax rate and the Company's effective income tax rate for the years ended December 31, 2019, 2018 and 2017 is as follows:



	For the Years Ended December 31,
	2019		2018		2017
Reconciliation of Federal Statutory Tax Rates:
U.S. Statutory Tax Rate	21.0	%	21.0	%	35.0	%
Increase Due to State and Local Taxes	4.2	%	3.6	%	3.1	%
Rate Benefits as a Limited Liability Company/Flow Through	(2.5	)%	(2.6	)%	(2.3	)%
Foreign Taxes	(0.1	)%	0.2	%	(1.1	)%
Non-Deductible Expenses⁽¹⁾	1.6	%	1.2	%	1.6	%
ASU 2016-09 Benefit for Stock Compensation	(2.7	)%	(4.2	)%	(5.5	)%
Tax Cuts and Jobs Act - Reduction to Tax Receivable Agreement Liability	—	%	—	%	(5.6	)%
Tax Cuts and Jobs Act - Primarily Related to the Re-measurement of Net Deferred Tax Assets	—	%	0.1	%	32.7	%
Valuation Allowances	0.3	%	0.3	%	1.1	%
Other Adjustments	(0.6	)%	0.1	%	0.1	%
Effective Income Tax Rate	21.2	%	19.7	%	59.1	%


(1)	Primarily related to non-deductible share-based compensation expense.

In conjunction with the enactment of the Tax Cuts and Jobs Act on December 22, 2017, which reduced income tax rates in the U.S. in 2018 and in future years, the Company's tax provision for 2017 includes a charge of $143,261, resulting from the estimated re-measurement of net deferred tax assets, which relates principally to temporary differences between book and tax, primarily related to the step-up in basis associated with the exchange of partnership units, deferred compensation, amortization of goodwill and intangible assets and depreciation of fixed assets and leasehold improvements, as well as the write-down of foreign

currency related deferred tax assets. This charge, as well as the reduction in the liability for amounts due pursuant to the Company's tax receivable agreement, resulted in an increase in the effective tax rate of 27.1 percentage points for 2017. During 2018, the Company finalized the provisional tax impact of the Tax Cuts and Jobs Act resulting in an additional charge of $399, primarily related to the re-measurement of net deferred tax assets. In conjunction with the enactment of the Tax Cuts and Jobs Act, the Company's effective tax rate for the year ended December 31, 2018 was reduced by 12.3 percentage points, before the impact of ASU 2016-09. The effective tax rate for the years ended December 31, 2019, 2018 and 2017 also reflects the application of ASU 2016-09, which was adopted effective January 1, 2017. ASU 2016-09 requires that the tax deduction associated with the appreciation or depreciation in the Company's share price upon vesting of employee share-based awards above or below the original grant price be reflected in income tax expense. The effective tax rate reflects net excess tax benefits associated with the appreciation or depreciation in the Company's share price upon vesting of employee share-based awards above or below the original grant price of $12,229, $23,350 and $24,003 being recognized in the Company's Provision for Income Taxes for the years ended December 31, 2019, 2018, and 2017, respectively, and resulted in a reduction in the effective tax rate of 2.7, 4.2 and 5.5 percentage points for the years ended December 31, 2019, 2018 and 2017, respectively. The effective tax rate for 2019, 2018 and 2017 also reflects the effect of certain nondeductible expenses, including expenses related to Class E and J LP Units and Class I-P and K-P Units and Class G and H LP Interests, as well as the noncontrolling interest associated with LP Units and other adjustments.

Due to the enactment of the Tax Cuts and Jobs Act on December 22, 2017, the previous undistributed earnings of certain foreign subsidiaries are subject to a mandatory deemed repatriation tax. Income taxes paid or payable to foreign jurisdictions partially reduce the repatriation tax as a foreign tax credit, based on a formula that includes earnings of certain foreign subsidiaries. The Company has computed the repatriation tax and determined that it should have sufficient foreign tax credits to offset the estimated charge; any additional liability would be immaterial.

Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the Consolidated Statements of Financial Condition. These temporary differences result in taxable or deductible amounts in future years. Details of the Company's deferred tax assets and liabilities as of December 31, 2019 and 2018 were as follows:



	December 31,
	2019			2018
Deferred Tax Assets:
Depreciation and Amortization	$	37,912		$	33,738
Compensation and Benefits	85,567			61,541
Step up in tax basis due to the exchange of LP Units for Class A Shares⁽¹⁾	99,979			111,108
Step up in tax basis due to the exchange of LP Units for Class A Shares⁽²⁾	41,286			37,079
Operating Lease⁽³⁾	58,497			—
Other	20,617			24,720
Total Deferred Tax Assets	$	343,858		$	268,186
Deferred Tax Liabilities:
Operating Lease⁽³⁾	$	46,682		$	—
Goodwill, Intangible Assets and Other	19,012			18,873
Total Deferred Tax Liabilities	$	65,694		$	18,873
Net Deferred Tax Assets Before Valuation Allowance	278,164			249,313
Valuation Allowance	(9,573		)	(8,221		)
Net Deferred Tax Assets	$	268,591		$	241,092


(1)	Step-up in the tax basis associated with the exchange of LP Units for holders which have a tax receivable agreement.


(2)	Step-up in the tax basis associated with the exchange of LP Units for holders which do not have a tax receivable agreement.


(3)	As discussed in Note 3, in 2019, the Company adopted ASU 2016-02 using the modified retrospective approach as of the date of adoption, which resulted in the recognition of operating lease right-of-use assets and lease liabilities.

The $27,499 increase in net deferred tax assets from December 31, 2018 to December 31, 2019 was primarily attributable to the net $21,278 increase in compensation and benefits, depreciation and amortization, as well as the step-up in basis of the tangible and intangible assets of Evercore LP, as discussed below.

During 2019, the LP holders exchanged 353 Class A and Class E LP Units for Class A Shares, which resulted in an increase in the tax basis of the tangible and intangible assets of Evercore LP. The exchange of Class E and certain Class A LP Units resulted in a $7,352 step-up in the tax basis of the tangible and intangible assets of Evercore LP and a corresponding increase to Additional Paid-In-Capital on the Company's Consolidated Statement of Financial Condition as of December 31, 2019. Further, there were no exchanges of such Class A LP Units under the tax receivable agreement that was entered into in 2006 between the Company and the LP Unit holders for the year ended December 31, 2019. See Note 16 for further discussion.

The Company reported an increase in deferred tax assets of $173 associated with changes in Unrealized Gain (Loss) on Investment Securities and a decrease of $1,306 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the year ended December 31, 2019. The Company reported an increase in deferred tax assets of $86 associated with changes in Unrealized Gain (Loss) on Investment Securities and an increase of $439 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the year ended December 31, 2018.

The Company's affiliates generated approximately $6,884 of NYC unincorporated business tax credit carryforwards; a portion were set to expire in the 2019 tax year. Management has weighed both the positive and negative evidence and determined that it was appropriate to establish a valuation allowance of $4,600, on the amount of credits that are not expected to be realized.

A reconciliation of the changes in tax positions for the years ended December 31, 2019, 2018 and 2017 is as follows:



	December 31,
	2019			2018		2017
Beginning unrecognized tax benefit	$	—		$	—	$	—
Additions for tax positions of prior years	616			—		—
Reductions for tax positions of prior years	—			—		—
Lapse of Statute of Limitations	(122		)	—		—
Decrease due to settlement with Taxing Authority	—			—		—
Ending unrecognized tax benefit	$	494		$	—	$	—

The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Consolidated Statements of Operations. As of December 31, 2019, there were $494 of unrecognized tax benefits that, if recognized, $402 would affect the effective tax rate. The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Consolidated Statements of Operations. Related to the unrecognized tax benefits, the Company accrued interest and penalties of $216 and $13, respectively, during the year ended December 31, 2019. In 2019, the Company recognized tax benefits of ($41) and ($3) of interest and penalties, respectively, associated with the lapse of the statute of limitations. The Company had no unrecognized tax benefits from January 1, 2017 through December 31, 2018.

The Company is subject to taxation in the U.S. and various state, local and foreign jurisdictions. The Company and its affiliates are currently under examination by New York City for tax years 2014 through 2016 and New York State for tax years 2013 through 2015. With a few exceptions, the Company is no longer subject to U.S. federal, state, local or foreign examinations by taxing authorities for years before 2014.

Concentrations of Credit Risk Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, investment securities, foreign government obligations and receivables from clients. The Company has placed substantially all of its Cash and Cash Equivalents in interest-bearing deposits in U.S. commercial banks and U.S. investment banks that meet certain rating and capital requirements. The Company's foreign subsidiaries maintain substantially all of their Cash and Cash Equivalents in interest bearing accounts at large commercial banking institutions domiciled in their respective countries of operation. Concentrations of credit risk are limited due to the quality of the Company's clients. Credit Risks The Company maintains its cash and cash equivalents with financial institutions with high credit ratings. At times, the Company may maintain deposits in federally insured financial institutions in excess of federally insured ("FDIC") limits or enter into sweep arrangements where banks will periodically transfer a portion of the Company's excess cash position to a money market fund. However, the Company believes that it is not exposed to significant credit risk due to the financial position of the depository institutions or investment vehicles in which those deposits are held. As of December 31, 2019, the Company has securities purchased under agreements to resell of $13,566 for which the Company has received collateral with a fair value of $13,572. Additionally, the Company has securities sold under agreements to repurchase of $26,000, for which the Company has pledged collateral with a fair value of $25,992. The Company has established risk management procedures to monitor the exposure to concentrations of credit from Securities Purchased Under Agreements to Resell. The collateral for the receivables is primarily secured by Mexican government bonds and the Company monitors the collateral pledged under these agreements against their contract value from inception to maturity date. Accounts Receivable consists primarily of advisory fees and expense reimbursements billed to clients. Other Assets includes long-term receivables from fees related to private funds capital raising. Receivables are reported net of any allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts to provide coverage for probable losses from customer receivables and derives the estimate through specific identification for the allowance for doubtful accounts and an assessment of the client's creditworthiness. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice, with the exception of placement fees, which are generally collected within 180 days of invoice, and fees related to private funds capital raising, which are collected in a period exceeding one year. The collection period for restructuring transaction receivables may exceed 90 days. Receivables that are collected in a period exceeding one year are reflected in Other Assets on the Consolidated Statements of Financial Condition. At December 31, 2019 and 2018, total receivables recorded in Accounts Receivable amounted to $296,355 and $309,075, respectively, net of an allowance, and total receivables recorded in Other Assets amounted to $63,554 and $60,948, respectively. The Company recorded bad debt expense of $10,451, $3,365 and $2,579 for the years ended December 31, 2019, 2018 and 2017, respectively. Other Current Assets and Other Assets include arrangements in which an estimate of variable consideration has been included in the transaction price and thereby recognized as revenue that precedes the contractual due date (contract assets). As of December 31, 2019, total contract assets recorded in Other Current Assets and Other Assets amounted to $31,525 and $2,504, respectively. As of December 31, 2018, total contract assets recorded in Other Current Assets and Other Assets amounted to $2,833 and $541, respectively. With respect to the Company's Investment Securities portfolio, which is comprised of highly-rated corporate and municipal bonds, treasury bills, exchange-traded funds, mutual funds and equity securities, the Company manages its credit risk exposure by limiting concentration risk and maintaining investment grade credit quality. As of December 31, 2019, the Company had Investment Securities of $409,150, of which 84% were corporate and municipal securities and treasury bills and notes, primarily with S&P ratings ranging from AAA to BB+, and 16% were equity securities, exchange-traded funds and mutual funds. Periodically, the Company provides compensation to new and existing employees in the form of loans and/or other cash awards, which include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. See Note 19 for further information.

Segment Operating Results

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Operating Results

Business Segments – The Company's business results are categorized into the following two segments: Investment Banking and Investment Management. Investment Banking includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in Institutional Asset Management and Wealth Management and interests in private equity funds which are not managed by the Company. On October 18, 2017, the Company completed the sale of the Institutional Trust and Independent Fiduciary business of ETC, which was in the Investment Management segment.

The Company's segment information for the years ended December 31, 2019, 2018 and 2017 is prepared using the following methodology:


•	Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.


•	Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.


•	Segment assets are based on those directly associated with each segment, or for certain assets shared across segments, those assets are allocated based on the most relevant measures applicable, including headcount and other factors.


•	Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Other Revenue, net, included in each segment's Net Revenues includes interest income and income (losses) earned on investment securities, including our investment funds which are used as an economic hedge against our deferred cash compensation program, certificates of deposit, cash and cash equivalents and on the Company’s debt security investment in G5, as well as adjustments to amounts due pursuant to the Company’s tax receivable agreement, subsequent to its initial establishment, related to changes in enacted tax rates, and gains (losses) resulting from foreign currency fluctuations, principal trading and realized and unrealized gains and losses on interests in Private Equity funds which are not managed by the Company. Other Revenue, net, also includes interest expense associated with the Company’s Notes Payable, subordinated borrowings and lines of credit, as well as revenue and expenses associated with repurchase or resale transactions.

Each segment's Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, execution, clearing and custody fees, equipment and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, legal, technology, human capital, facilities management and senior management activities.

Other Expenses include the following:


•	Amortization of LP Units/Interests and Certain Other Awards – Includes amortization costs or the reversal of expenses associated with the vesting of Class E LP Units, Class G and H LP Interests and Class J LP Units issued in conjunction with the acquisition of ISI and certain other related awards.

•

Special Charges – Includes expenses in 2019 related to the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of the Company's headquarters in New York, the impairment of goodwill in the Company's Institutional Asset Management reporting unit and separation and transition benefits for certain employees terminated as a result of the Company's review of its operations. Includes expenses in 2018 related to separation benefits and costs for the termination of certain contracts associated with closing the Company's agency trading platform in the U.K. and separation benefits and related charges associated with the Company's businesses in Mexico, as well as the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of the Company's headquarters in New York. Expenses in 2017 related to the impairment of goodwill in the Company's Institutional Asset Management reporting unit, the impairment of the Company's former equity method investment in G5, and the transition of certain employees in conjunction with the sale of the Institutional Trust and Independent Fiduciary business of ETC.


•	Acquisition and Transition Costs – Includes costs incurred in connection with acquisitions, divestitures and other ongoing business development initiatives, primarily comprised of professional fees for legal and other services.


•	Fair Value of Contingent Consideration – Includes expense, or the reversal of expense, associated with changes in the fair value of contingent consideration issued to the sellers of certain of the Company's acquisitions.


•	Intangible Asset and Other Amortization – Includes amortization of intangible assets and other purchase accounting-related amortization associated with certain acquisitions.

The Company evaluates segment results based on net revenues and pre-tax income, both including and excluding the impact of the Other Expenses.

The following information presents each segment's contribution.



	For the Years Ended December 31,
	2019		2018		2017
Investment Banking
Net Revenues⁽¹⁾	$	1,951,795	$	2,012,023	$	1,634,268
Operating Expenses	1,485,477		1,448,301		1,175,927
Other Expenses⁽²⁾	33,618		30,366		35,810
Operating Income	432,700		533,356		422,531
Income from Equity Method Investments	916		518		277
Pre-Tax Income	$	433,616	$	533,874	$	422,808
Identifiable Segment Assets	$	2,393,647	$	1,923,783	$	1,294,103
Investment Management
Net Revenues⁽¹⁾	$	56,903	$	52,682	$	70,081
Operating Expenses	48,645		43,940		51,646
Other Expenses⁽²⁾	3,247		21		12,155
Operating Income	5,011		8,721		6,280
Income from Equity Method Investments	10,080		8,776		8,561
Pre-Tax Income	$	15,091	$	17,497	$	14,841
Identifiable Segment Assets	$	204,966	$	201,884	$	290,783
Total
Net Revenues⁽¹⁾	$	2,008,698	$	2,064,705	$	1,704,349
Operating Expenses	1,534,122		1,492,241		1,227,573
Other Expenses⁽²⁾	36,865		30,387		47,965
Operating Income	437,711		542,077		428,811
Income from Equity Method Investments	10,996		9,294		8,838
Pre-Tax Income	$	448,707	$	551,371	$	437,649
Identifiable Segment Assets	$	2,598,613	$	2,125,667	$	1,584,886


(1)	Net revenues include Other Revenue, net, allocated to the segments as follows:



	For the Years Ended December 31,
	2019		2018			2017
Investment Banking^(A)	$	19,023	$	(3,156	)	$	58,399
Investment Management^(B)	6,292		4,436			10,433
Total Other Revenue, net	$	25,315	$	1,280		$	68,832

(A)

Investment Banking Other Revenue, net, includes interest expense on the Notes Payable, subordinated borrowings and lines of credit of $12,917, $9,201 and $9,960 for the years ended December 31, 2019, 2018 and 2017, respectively, and includes an estimated gain of $77,535 related to a reduction in the liability for amounts due pursuant to the tax receivable agreement and a loss of $16,266 related to the release of cumulative foreign exchange losses resulting from the restructuring of the Company's former equity method investment in G5 for the year ended December 31, 2017. Also includes ($701) of principal trading losses for the year ended December 31, 2017 to conform to the current presentation.


(B)	Investment Management Other Revenue, net, includes a gain of $7,808 related to the sale of the Institutional Trust and Independent Fiduciary business of ETC for the year ended December 31, 2017. Also includes $2,037 of net realized and unrealized gains on private equity investments for the year ended December 31, 2017 to conform to the current presentation.


(2)	Other Expenses are as follows:



	For the Years Ended December 31,
	2019		2018		2017
Investment Banking
Amortization of LP Units/Interests and Certain Other Awards	$	18,183	$	15,241	$	11,444
Special Charges	7,202		5,012		14,400
Acquisition and Transition Costs	705		—		555
Fair Value of Contingent Consideration	—		1,485		—
Intangible Asset and Other Amortization	7,528		8,628		9,411
Total Investment Banking	33,618		30,366		35,810
Investment Management
Special Charges	2,939		—		11,037
Acquisition and Transition Costs	308		21		1,118
Total Investment Management	3,247		21		12,155
Total Other Expenses	$	36,865	$	30,387	$	47,965

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company's revenues were derived from clients located and managed in the following geographical areas:



	For the Years Ended December 31,
	2019		2018		2017
Net Revenues:⁽¹⁾
United States	$	1,464,551	$	1,591,883	$	1,199,231
Europe and Other	501,425		438,602		422,271
Latin America	17,407		32,940		14,015
Total	$	1,983,383	$	2,063,425	$	1,635,517

(1) Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

The Company's total assets are located in the following geographical areas:



	December 31,
	2019		2018
Total Assets:
United States	$	2,158,347	$	1,757,589
Europe and Other	373,822		298,917
Latin America	66,444		69,161
Total	$	2,598,613	$	2,125,667

Evercore Inc. (Parent Company Only) Financial Statements Evercore Inc. (Parent Company Only) Financial Statements

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Evercore Inc. (Parent Company Only) Financial Statements

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)



	December 31,
	2019			2018
ASSETS
Equity Investment in Subsidiary	$	1,066,398		$	824,239
Deferred Tax Assets	244,965			223,936
Goodwill	15,236			15,236
Other Assets	18,704			—
TOTAL ASSETS	$	1,345,303		$	1,063,411
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	9,570		$	9,161
Taxes Payable	—			30,749
Other Current Liabilities	6,003			2,358
Total Current Liabilities	15,573			42,268
Amounts Due Pursuant to Tax Receivable Agreements	84,952			94,411
Long-term Debt - Notes Payable	375,062			168,612
TOTAL LIABILITIES	475,587			305,291
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 68,698,675 and 65,872,014 issued at December 31, 2019 and 2018, respectively, and 39,176,010 and 39,748,576 outstanding at December 31, 2019 and 2018, respectively)	687			659
Class B, par value $0.01 per share (1,000,000 shares authorized, 84 and 86 issued and outstanding at December 31, 2019 and 2018, respectively)	—			—
Additional Paid-In-Capital	2,016,524			1,818,100
Accumulated Other Comprehensive Income (Loss)	(27,596		)	(30,434		)
Retained Earnings	558,269			364,882
Treasury Stock at Cost (29,522,665 and 26,123,438 shares at December 31, 2019 and 2018, respectively)	(1,678,168		)	(1,395,087		)
TOTAL STOCKHOLDERS' EQUITY	869,716			758,120
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,345,303		$	1,063,411

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS



	For the Years Ended December 31,
	2019		2018		2017
REVENUES
Other Revenue, Including Interest and Investments	$	12,915	$	9,202	$	86,784
TOTAL REVENUES	12,915		9,202		86,784
Interest Expense	12,915		9,202		9,249
NET REVENUES	—		—		77,535
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		77,535
Equity in Income of Subsidiary	383,717		473,978		287,440
Provision for Income Taxes	86,281		96,738		239,521
NET INCOME	$	297,436	$	377,240	$	125,454

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS



	For the Years Ended December 31,
	2019			2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	297,436		$	377,240		$	125,454
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(383,717		)	(473,978		)	(209,905		)
Adjustment to Tax Receivable Agreement	—			—			(77,535		)
Deferred Taxes	(3,966		)	(5,311		)	153,344
Accretion on Long-term Debt	336			265			250
(Increase) Decrease in Operating Assets:
Other Assets	(18,704		)	9,689			(9,689		)
Increase (Decrease) in Operating Liabilities:
Taxes Payable	(30,749		)	30,749			(21,341		)
Net Cash Provided by (Used in) Operating Activities	(139,364		)	(61,346		)	(39,422		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	30,449			138,648			95,943
Net Cash Provided by Investing Activities	30,449			138,648			95,943
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of Notes Payable	205,718			—			—
Dividends	(96,803		)	(77,302		)	(56,521		)
Net Cash Provided by (Used in) Financing Activities	108,915			(77,302		)	(56,521		)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	—			—			—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of Year	—			—			—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of Year	$	—		$	—		$	—

SUPPLEMENTAL CASH FLOW DISCLOSURE
Accrued Dividends	$	14,642		$	12,288		$	9,815

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Note A – Organization

Evercore Inc. (the "Company") was incorporated as a Delaware corporation on July 21, 2005. The Company did not begin meaningful operations until the reorganization discussed below. Pursuant to a reorganization into a holding company structure, the Company became a holding company and its sole asset is a controlling equity interest in Evercore LP. As the sole general partner of Evercore LP, the Company operates and controls all of the business and affairs of Evercore LP and, through Evercore LP and its subsidiaries, continues to conduct the business now conducted by these subsidiaries.

Note B – Significant Accounting Policies

Basis of Presentation. The Statements of Financial Condition, Operations and Cash Flows have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Equity Investment in Subsidiary and Equity in Income of Subsidiary. Equity Investment in Subsidiary includes the Company's receivable from Evercore LP for senior notes owed by Evercore LP to the Company having similar terms as described below in Note D – issuance of Notes Payable. The Equity in Income of Subsidiary represents the Company's share of income from Evercore LP.

Note C – Stockholders' Equity

The Company is authorized to issue 1,000,000 shares of Class A common stock ("Class A Shares"), par value $0.01 per share, and 1,000 shares of Class B common stock, par value $0.01 per share. All Class A Shares and shares of Class B common stock vote together as a single class. At December 31, 2019, the Company has issued 68,699 Class A Shares. The Company canceled one share of Class B common stock, which was held by a limited partner of Evercore LP during 2019. During 2019, the Company purchased 1,039 Class A Shares primarily from employees at market values ranging from $71.11 to $96.22 per share primarily for the net settlement of stock-based compensation awards and 2,360 Class A Shares at market values ranging from $73.18 to $92.33 per share pursuant to the Company's share repurchase program. The result of these purchases was an increase in Treasury Stock of $283,081 on the Company's Statement of Financial Condition as of December 31, 2019. During the year ended December 31, 2019, the Company declared and paid dividends of $2.24 per share, totaling $89,407, which were wholly funded by the Company's sole subsidiary, Evercore LP, and accrued deferred cash dividends on unvested RSUs, totaling $14,642. During the year ended December 31, 2019, the Company also paid deferred cash dividends of $7,396, which were wholly funded by the Company's sole subsidiary, Evercore LP. Dividends are paid and treasury shares are repurchased by a subsidiary of Evercore Inc.

As discussed in Note 19 to the consolidated financial statements, both the Evercore LP partnership units and restricted stock units are exchangeable into Class A Shares on a one-for-one basis once vested.

Note D – Issuance of Notes Payable

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes (the "2016 Private Placement Notes"), including: $38,000 aggregate principal amount of its 4.88% Series A senior notes due 2021, $67,000 aggregate principal amount of its 5.23% Series B senior notes due 2023, $48,000 aggregate principal amount of its 5.48% Series C senior notes due 2026 and $17,000 aggregate principal amount of its 5.58% Series D senior notes due 2028, pursuant to a note purchase agreement dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

On August 1, 2019, the Company issued $175,000 and £25,000 of senior unsecured notes (the "2019 Private Placement Notes"), through private placement. These notes reflect a weighted average life of 12 years and a weighted average stated interest rate of 4.26%. These notes include: $75,000 aggregate principal amount of its 4.34% Series E senior notes due 2029, $60,000 aggregate principal amount of its 4.44% Series F senior notes due 2031, $40,000 aggregate principal amount of its 4.54% Series G senior notes due 2033 and £25,000 aggregate principal amount of its 3.33% Series H senior notes due 2033, each of which were issued pursuant to a note purchase agreement dated as of August 1, 2019, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Note E – Commitments and Contingencies

As of December 31, 2019, as discussed in Note 14 to the consolidated financial statements, the Company estimates the contractual obligations related to the 2016 and 2019 Private Placement Notes to be $519,690. Pursuant to the 2016 and 2019 Private Placement Notes, the Company expects to make payments to the notes' holders of $19,871 within one year or less, $70,587 in one to three years, $93,404 in three to five years and $335,828 after five years.

As of December 31, 2019, as discussed in Note 20 to the consolidated financial statements, the Company estimates the contractual obligations related to the Tax Receivable Agreement to be $94,522. The company expects to pay to the counterparties to the Tax Receivable Agreement $9,570 within one year or less, $19,994 in one to three years, $19,863 in three to five years and $45,095 after five years.

Supplemental Financial Information Supplemental Financial Information

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Supplemental Financial Information

SUPPLEMENTAL FINANCIAL INFORMATION

(dollars in thousands, except per share data)

Consolidated Quarterly Results of Operations (unaudited)

The following represents the Company's unaudited quarterly results for the years ended December 31, 2019 and 2018. These quarterly results were prepared in accordance with U.S. GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results.



	For the Three Months Ended
	December 31, 2019		September 30, 2019		June 30, 2019		March 31, 2019
Net Revenues	$	660,127	$	402,198	$	531,046	$	415,327
Total Expenses	503,404		331,854		404,212		331,517
Income Before Income from Equity Method Investments and Income Taxes	156,723		70,344		126,834		83,810
Income from Equity Method Investments	3,770		2,562		2,453		2,211
Income Before Income Taxes	160,493		72,906		129,287		86,021
Provision for Income Taxes	34,793		20,402		32,030		7,821
Net Income	125,700		52,504		97,257		78,200
Net Income Attributable to Noncontrolling Interest	20,516		9,226		15,515		10,968
Net Income Attributable to Evercore Inc.	$	105,184	$	43,278	$	81,742	$	67,232
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	2.68	$	1.09	$	2.02	$	1.66
Diluted	$	2.48	$	1.01	$	1.88	$	1.52
Dividends Declared Per Share of Class A Common Stock	$	0.58	$	0.58	$	0.58	$	0.50



	For the Three Months Ended
	December 31, 2018		September 30, 2018		June 30, 2018		March 31, 2018
Net Revenues	$	771,406	$	381,259	$	448,477	$	463,563
Total Expenses	521,200		306,719		343,695		351,014
Income Before Income from Equity Method Investments and Income Taxes	250,206		74,540		104,782		112,549
Income from Equity Method Investments	2,452		2,298		2,419		2,125
Income Before Income Taxes	252,658		76,838		107,201		114,674
Provision for Income Taxes	60,502		17,539		25,541		4,938
Net Income	192,156		59,299		81,660		109,736
Net Income Attributable to Noncontrolling Interest	28,851		9,838		12,729		14,193
Net Income Attributable to Evercore Inc.	$	163,305	$	49,461	$	68,931	$	95,543
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	4.07	$	1.21	$	1.69	$	2.36
Diluted	$	3.67	$	1.08	$	1.52	$	2.10
Dividends Declared Per Share of Class A Common Stock	$	0.50	$	0.50	$	0.50	$	0.40

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation, Policy	Basis of Presentation – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date. Evercore LP is a VIE and the Company is the primary beneficiary. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Condition in Note 25. Evercore ISI International Limited ("Evercore ISI U.K."), Evercore Partners International LLP ("Evercore U.K."), Evercore (Japan) Ltd. ("Evercore Japan") and Evercore Consulting (Beijing) Co. Ltd. ("Evercore Beijing") are also VIEs, and the Company is the primary beneficiary of these VIEs. Specifically for Evercore ISI U.K., Evercore Japan and Evercore Beijing (as of January 1, 2019 for Evercore Japan and Evercore Beijing), the Company provides financial support through transfer pricing agreements with these entities, which exposes the Company to losses that are potentially significant to these entities, and has decision making authority that significantly affects the economic performance of these entities. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Consolidated Statements of Financial Condition Evercore ISI U.K., Evercore U.K., Evercore Japan and Evercore Beijing assets of $227,885 and liabilities of $129,494 at December 31, 2019 and Evercore ISI U.K. and Evercore U.K. assets of $190,223 and liabilities of $122,460 at December 31, 2018. All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation. At the time of the formation transaction, the members of Evercore LP (the "Members") received Class A limited partnership units of Evercore LP ("Class A LP Units") in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The Class A LP Units were subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock ("Class A Shares"). At December 31, 2013, all Class A LP Units were fully vested. On October 31, 2014, in conjunction with the acquisition of the operating businesses of International Strategy & Investment ("ISI"), the Company issued vested and unvested Class E limited partnership units of Evercore LP ("Class E LP Units") and vested and unvested Class G and H limited partnership interests of Evercore LP ("Class G and H LP Interests"). At December 31, 2017, all Class E LP Units were fully vested and all of the Class G LP Interests either converted into Class E LP Units or were forfeited pursuant to their performance terms. In 2017, the Company exchanged all of the outstanding Class H LP Interests for a number of Class J limited partnership units of Evercore LP ("Class J LP Units"). In 2016, in conjunction with the appointment of the Executive Chairman, the Company issued unvested Class I-P Units of Evercore LP ("Class I-P Units"). The Class I-P Units are contingently exchangeable into Class I limited partnership units of Evercore LP ("Class I LP Units"), which are exchangeable on a one-for-one basis for Class A Shares. In 2017 and 2019, the Company issued unvested Class K-P Units of Evercore LP ("Class K-P Units"), which are contingently exchangeable into Class K limited partnership units of Evercore LP ("Class K LP Units"), which are ultimately exchangeable on a one-for-one basis for Class A Shares. See Note 19 for further information. The Company accounts for exchanges of Evercore LP partnership units ("LP Units") for Class A Shares based on the carrying amounts of the Members' LP Units immediately before the exchange. The Company's interest in Evercore LP is within the scope of Accounting Standards Codification ("ASC") 810-20, "Control of Partnerships and Similar Entities." The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members.
Revenue from Contract with Customer, Policy	Revenue Recognition – The Company adopted Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09") on January 1, 2018 using the modified retrospective method of transition applied to contracts which were not completed as of January 1, 2018. The Company did not have a cumulative-effect adjustment as of the date of adoption. ASU 2014-09 creates ASC 606, "Revenue from Contracts with Customers," ("ASC 606"), which provides a five step model to revenue recognition as follows: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation The Company applies this model to its Investment Banking and Asset Management revenue streams. Prior to January 1, 2018, the Company recorded revenue in accordance with ASC 605, "Revenue Recognition" ("ASC 605"). Under ASC 605, the Company recognized success related advisory fees upon closing of the transaction regardless of the probability of the outcome, which differs under ASC 606 as described further below. Furthermore, ASC 605 allowed expenses related to underwriting transactions to be reflected net in related revenues; under ASC 606, those expenses are presented gross in the results of operations. Investment Banking Revenue – The Company earns investment banking fees from clients for providing advisory services on strategic matters, including mergers, acquisitions, divestitures, leveraged buyouts, restructurings, activism and defense and similar corporate finance matters. The Company's Investment Banking services also include services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Revenue is recognized as the Company satisfies performance obligations, upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for these services. The Company’s contracts with customers may include promises to transfer multiple services to a customer. Determining whether services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. For performance obligations satisfied over time, determining a measure of progress requires the Company to make significant judgments that affect the timing of revenue recognized. For certain advisory services, the Company has concluded that performance obligations are satisfied over time. This is based on the premise that the Company transfers control of services and the client simultaneously receives benefits from these services over the course of an engagement. For performance obligations satisfied at a point in time, determining when control transfers requires the Company to make significant judgments that affect the timing of when revenue is recognized. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following: Advisory Fees – In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive fixed retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter or over the course of the engagement, where the engagement letter will specify a future service period associated with those fees. The Company may also receive announcement fees upon announcement of a transaction in addition to success fees upon closing of a transaction or another defined outcome, both of which represent variable consideration. This variable consideration will be included in the transaction price, as defined, and recognized as revenue to the extent that it is probable that a significant reversal of revenue will not occur. When assessing probability, the Company applies careful analysis and judgment to the remaining factors necessary for completion of a transaction, including factors outside of the Company's control. A transaction can fail to be completed for many reasons which are outside of the Company’s control, including failure of parties to agree upon final terms, to secure necessary board or shareholder approvals, to secure necessary financing, to achieve necessary regulatory approvals, or due to adverse market conditions. In the case of bankruptcy engagements, fees are subject to approval of the court. With respect to retainer, announcement and success fees, there are no distinct performance obligations aside from advisory activities, which are generally focused on achieving a milestone (typically, the announcement and/or the closing of a transaction). These advisory services are provided over time throughout the contract period. The Company recognizes revenue when distinct services are performed and when it is probable that a reversal of revenue will not occur, which is generally upon the announcement or closing of a transaction. Accordingly, in any given period, advisory fees recognized for certain transactions may relate to services performed in prior periods. In circumstances in which retainer fees are received in advance of services, these fees are initially recorded as deferred revenue (a contract liability), which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as advisory fee revenue in Advisory Fees on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Announcement fees for advisory services are recognized upon announcement (the point at which it is determined that the reversal of revenue is not probable) and all other requirements for revenue recognition are satisfied. A portion of the announcement fee may be deferred based on the services remaining to be completed, if any. Success fees for advisory services, such as merger and acquisition ("M&A") advice, are recognized when it is determined that the reversal of revenue is not probable and all other requirements for revenue recognition are satisfied, which is generally at closing of the transaction. With respect to fairness or valuation opinions, fees are fixed and there is a distinct performance obligation, since the opinion is rendered separate from any other advisory activities. Revenues related to fairness or valuation opinions are recognized at the point in time when the opinion has been rendered and delivered to the client. In the event the Company was to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue (a contract liability) in Other Current Liabilities on the Consolidated Statements of Financial Condition and subsequently recognized as advisory fee revenue in Advisory Fees on the Consolidated Statements of Operations when the conditions of completion have been satisfied. Placement fee revenues are attributable to capital raising on both corporations and financial sponsors. The Company recognizes placement fees in accordance with the terms of the engagement letter, which are generally contingent on the achievement of a capital commitment by an investor, at the time of the client's acceptance of capital or capital commitments. Underwriting Fees – Underwriting fees are attributable to public and private offerings of equity and debt securities and are recognized at the point in time when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the performance obligation has been satisfied and the Company recognizes the applicable management fee, selling concession and underwriting fee. Offering expenses are presented gross in the Consolidated Statements of Operations. Commissions and Related Fees – Commissions and Related Fees include commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities. The execution of each trade order represents a distinct performance obligation and the transaction price at the point in time of trade order execution is fixed. Trade execution is satisfied at the point in time that the customer has control of the asset and as such, fees are recorded on a trade date basis or, in the case of payments under commission sharing arrangements, when earned. The Company also earns subscription fees for the sales of research. The delivery of research under subscription arrangements represents a distinct performance obligation that is satisfied over time. The fees are fixed and are recognized over the period in which the performance obligation is satisfied. Cash received before the subscription period ends is initially recorded as deferred revenue (a contract liability) in Other Current Liabilities on the Consolidated Statements of Financial Condition, and is recognized in Commissions and Related Fees on the Consolidated Statements of Operations ratably over the period in which the related services are rendered. Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations. Asset Management and Administration Fees – The Company's Investment Management business generates revenues from the management of client assets and through interests in private equity funds which are not managed by the Company. The Company’s contracts with customers may include promises to transfer multiple services to a customer. Determining whether services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. For performance obligations satisfied over time, determining a measure of progress requires the Company to make significant judgments that affect the timing of revenue recognized. Asset management fees for third-party clients are generally based on the value of the assets under management and any performance fees that may be negotiated with the client. The management of asset portfolios represents a distinct performance obligation that is satisfied over time. These fees are generally recognized over the period that the related services are provided and in which the performance obligation is satisfied, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue (a contract liability), which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Asset Management and Administration Fees on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the likelihood of clawback is mathematically improbable. Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. The management of assets under administration represents a distinct performance obligation that is satisfied over time. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered and satisfaction of the performance obligation are initially recorded as deferred revenue (a contract liability) in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Asset Management and Administration Fees on the Consolidated Statements of Operations ratably over the period in which the related services are rendered and the performance obligation is satisfied.
Other Revenue, Including Interest and Investments, and Interest Expense, Policy	Other Revenue, Including Interest and Investments, and Interest Expense – Other Revenue and Interest Expense is derived from investing customer funds in financing transactions. These transactions are principally repurchases and resales of Mexican government and government agency securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase or resale transaction. Other Revenue also includes income (losses) earned on investment securities, including our investment funds which are used as an economic hedge against our deferred cash compensation program, certificates of deposit, cash and cash equivalents and on the Company’s debt security investment in G5 Holdings S.A. ("G5"), as well as adjustments to amounts due pursuant to the Company’s tax receivable agreement, subsequent to its initial establishment, related to changes in enacted tax rates, and gains (losses) resulting from foreign currency fluctuations, principal trading and realized and unrealized gains and losses on interests in Private Equity funds which are not managed by the Company. Interest Expense also includes interest expense associated with the Company’s Notes Payable, subordinated borrowings and lines of credit.
Client Expense Reimbursement, Policy	Client Expense Reimbursement – In the conduct of its financial advisory service engagements, the Company receives reimbursement for certain expenses incurred by the Company in the course of performing services. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred.
Noncontrolling Interest, Policy	Noncontrolling Interest – Noncontrolling interest recorded in the consolidated financial statements relates to the portions of the Company's subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the relative ownership interest of the noncontrolling interest holders for the period by the net income or loss for the entity to which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations. ASC 810 "Consolidation" ("ASC 810") requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. Noncontrolling Interest is presented as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, there is an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests. Changes in a parent's ownership interest while the parent retains control of its subsidiary are accounted for as equity transactions.
Fair Value of Financial Instruments, Policy	Fair Value of Financial Instruments – The majority of the Company's assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, investment securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 12 for further information.
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less.
Investment Securities and Certificates of Deposit, Policy	Investment Securities and Certificates of Deposit – During 2019, the Company renamed "Marketable Securities and Certificates of Deposit" to "Investment Securities and Certificates of Deposit" on the Consolidated Statements of Financial Condition. Investment Securities include investments in U.S. Treasury securities, corporate, municipal and other debt securities and investments in readily-marketable equity securities, which are accounted for under ASC 320-10, "Investments - Debt Securities" and ASC 321-10, "Investments - Equity Securities," ("ASC 321-10") following the adoption of ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01") in January 2018. The securities are carried at fair value on the Consolidated Statements of Financial Condition; the debt securities are valued based on quoted prices that exist in the marketplace for similar issues and the equity securities are valued using quoted market prices on applicable exchanges or markets. Investment Securities transactions are recorded as of the trade date. The Company invests in readily marketable debt and equity securities which are managed by Evercore Wealth Management L.L.C. ("EWM"), as well as in a portfolio of exchange-traded funds and mutual funds as an economic hedge against the Company’s deferred cash compensation program. The debt securities are classified as available-for-sale and any unrealized gains and losses are recorded as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, and realized gains and losses on these securities are included in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. Realized and unrealized gains and losses on the equity securities are recorded in Other Revenue, Including Interest and Investments, beginning on January 1, 2018, from the application of ASU 2016-01. EGL and other broker-dealers also invest in fixed income portfolios consisting primarily of U.S. Treasury securities, municipal bonds and other debt securities, which are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations, as required for broker-dealers in securities. Certificates of Deposit consist of investments with certain banks with original maturities of six months or less when purchased.
Financial Instruments Owned and Pledged as Collateral at Fair Value, Policy	Financial Instruments Owned and Pledged as Collateral at Fair Value – The Company's Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities.
Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase, Policy	Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. mature on the next business day) and the underlying securities are debt instruments of the Mexican Government or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell.
Accounts Receivable and Contract Assets, Policy	Accounts Receivable and Contract Assets – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company's clients. The Company records Accounts Receivable, net of any allowance for doubtful accounts, when relevant revenue recognition criteria has been achieved and payment is conditioned on the passage of time. The Company maintains an allowance for doubtful accounts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company's analysis of the client's creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice, with the exception of placement fees, which are generally collected within 180 days of invoice, and fees related to private funds capital raising, which are collected in a period exceeding one year. The collection period for restructuring transaction receivables may exceed 90 days. Receivables that are collected in a period exceeding one year are reflected in Other Assets on the Consolidated Statements of Financial Condition. The Company records contract assets within Other Current Assets and Other Assets on the Consolidated Statements of Financial Condition when payment is due from a client conditioned on future performance or the occurrence of other events. The Company also recognizes a contract asset for the incremental costs of obtaining a contract with a customer if the benefit of those costs is expected to be longer than one year. The Company applies a practical expedient to expense costs to obtain a contract as incurred when the amortization period is one year or less.
Investments, Policy	Investments – The Company's investments include investments in unconsolidated affiliated companies and other investments in private equity partnerships: Affiliates – The Company has equity interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC (collectively, "ABS"), Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff"), Luminis Partners ("Luminis") and G5 (through December 31, 2017, the date the Company exchanged all of its outstanding equity interests for debentures of G5) and includes its share of the income (losses) within Income from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations. The Company assesses its equity method investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 11 for further information. Private Equity – The investments in private equity funds consist primarily of investments in marketable and non-investment securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The fair value of non-investment securities is determined by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-investment securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds' underlying investments as realized and unrealized gains (losses) within Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company also maintains investments in Glisco Manager Holdings LP, Trilantic Capital Partners ("Trilantic") and equity securities in private companies, which are accounted for as equity securities without readily determinable fair values in accordance with ASC 321-10, as well as an investment in a debt security that is accounted for as a held-to-maturity security. The Company assesses its investments quarterly for impairment, or more frequently if circumstances indicate impairment may have occurred. See Note 11 for further information.
Leases, Policy	Leases – The Company adopted ASC 842, "Leases" ("ASC 842") on January 1, 2019, using the modified retrospective method of transition. The Company did not have a cumulative-effect adjustment as of the date of adoption. The Company elected to apply the package of practical expedients, which does not require reassessment of whether contracts are or contain leases, of lease classification and of initial direct costs. The Company also elected the transition option in ASU No. 2018-11, "Leases (Topic 842): Targeted Improvements," ("ASU 2018-11") to not apply the new lease standard in comparative periods presented in financial statements in the year of adoption. Following the adoption of ASC 842, the Company includes all leases, including short-term leases, on its Consolidated Statements of Financial Condition. The Company does not separate lease and non-lease components of contracts for leases for the use of office space and equipment. Operating leases for office space generally contain payments for real estate taxes, common area maintenance and other operating expenses in addition to rent payments that are not fixed; the Company accounts for these costs as variable payments and does not include these as part of the lease component. Following the adoption of ASC 842, the present values of the Company's lease commitments are reflected as long-term assets, within Operating Lease Right-of-Use Assets, with corresponding liabilities classified as current and non-current, within Operating Lease Liabilities on the Company's Consolidated Statement of Financial Condition. The Company determines if an arrangement is a lease at inception. Right-of-use assets represent the Company's right to use the underlying assets for their lease terms and lease liabilities represent the Company's obligation to make lease payments arising from these leases. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Right-of-use assets are subject to certain adjustments for lease incentives and initial direct costs. The lease terms include options to extend the lease when it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any residual value guarantees. Operating lease expense is included in Occupancy and Equipment Rental on the Company's Consolidated Statements of Operations (which did not change from the legacy U.S. GAAP presentation). See Notes 3 and 10 for further information.
Furniture, Equipment and Leasehold Improvements, Policy	Furniture, Equipment and Leasehold Improvements – Fixed assets, including equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, primarily ranging from three years to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset. Certain costs associated with the acquisition or development of internal-use software and cloud computing arrangements are also capitalized. Once the software is ready for its intended use, the capitalized costs are amortized using the straight-line method over the estimated useful life of the software or hosting arrangement. Capitalized costs associated with cloud computing arrangements are presented in the same line item on the Consolidated Statements of Financial Condition that a prepayment of the fees for the associated hosting arrangement is presented in (within Other Assets). The capitalized costs associated with cloud computing arrangements are amortized over the term of the arrangement and the expense is presented in the same line item on the Consolidated Statements of Operations as the fees associated with the hosting element of the arrangement (within Communications and Information Services).
Goodwill and Intangible Assets, Policy	Goodwill and Intangible Assets – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill allocated to its applicable reporting unit is impaired by comparing the fair value of each reporting unit with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods. The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting unit multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows. The Company adopted ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment" ("ASU 2017-04") effective April 1, 2017. ASU 2017-04 eliminates Step 2 from the goodwill impairment test and requires companies to recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value. Intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable as prescribed by ASC 360, "Property, Plant, and Equipment". See Note 5 for further information.
Compensation and Benefits, Policy	Compensation and Benefits – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period.
Share-Based Payments, Policy	Share-Based Payments and Other Deferred Compensation – The Company accounts for share-based payments in accordance with ASC 718, "Compensation – Stock Compensation" ("ASC 718"). See Note 19 for further information. Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years ("Service-based Awards") is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units, ("RSUs") and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs, restricted stock and LP Units is charged to Employee Compensation and Benefits on the Consolidated Statements of Operations. Compensation expense is recognized pursuant to performance-based awards if it is probable that the performance condition will be achieved. See Note 19 for a discussion of the awards issued in conjunction with the Company's acquisition of the operating businesses of ISI, as well as the Company's Long-term Incentive Plan and other performance-based awards. Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period.
Foreign Currency Translation, Policy	Foreign Currency Translation – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in Foreign Currency Translation Adjustment Gain (Loss), net, as a component of Other Comprehensive Income (Loss) on the Consolidated Statements of Changes in Equity and the Consolidated Statements of Comprehensive Income. Transactional exchange gains and losses are included in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations.
Income Taxes, Policy	Income Taxes – The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740") which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of its assets and liabilities, as disclosed in Note 22. Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected on the Company's Consolidated Statements of Financial Condition as deferred tax assets and liabilities. The Company accounts for the impact of changes in statutory income tax rates on deferred tax assets and liabilities in the year of enactment. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company's provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company's net deferred tax assets. The Company adopted ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09") on January 1, 2017, which resulted in excess tax benefits and deficiencies from the delivery of Class A Shares under share-based payment arrangements being recognized in the Company's Provision for Income Taxes, rather than in Additional Paid-In-Capital under legacy U.S. GAAP. See Note 22 for further information. ASC 740 provides a benefit recognition model with a two-step approach consisting of "more-likely-than-not" recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 22 for further information.
Reclassifications, Policy	Reclassifications – During 2018, certain balances on the Consolidated Statements of Operations for prior periods were reclassified to conform to their current presentation. Execution, Clearing and Custody Fees – Other Operating Expenses of $13,572 for the year ended December 31, 2017, and Professional Fees of $1,206 for the year ended December 31, 2017, were reclassified to a new expense line item, "Execution, Clearing and Custody Fees" on the Consolidated Statements of Operations. Other Revenue, Including Interest and Investments – The Company renamed "Other Revenue, Including Interest" to "Other Revenue, Including Interest and Investments" on the Consolidated Statements of Operations and reclassified ($701) of principal trading losses from Investment Banking Revenue for the year ended December 31, 2017, and $2,037 of net realized and unrealized gains on private equity investments from Investment Management Revenue for the year ended December 31, 2017, to "Other Revenue, Including Interest and Investments." Investment Banking Revenue – Following the above reclassifications, the Company disaggregated "Investment Banking Revenue" into "Advisory Fees," "Underwriting Fees" and "Commissions and Related Fees" on the Consolidated Statements of Operations. Asset Management and Administration Fees – Following the above reclassifications, the Company renamed "Investment Management Revenue" to "Asset Management and Administration Fees" on the Consolidated Statements of Operations, which includes management fees from the wealth management and institutional asset management businesses.

Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue recognized by the Company for the years ended December 31, 2019 and 2018:



	For the Years Ended December 31,
	2019		2018
Investment Banking:
Advisory Fees	$	1,653,585	$	1,743,473
Underwriting Fees	89,681		71,691
Commissions and Related Fees	189,506		200,015
Total Investment Banking	$	1,932,772	$	2,015,179

Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	48,083	$	44,875
Institutional Asset Management	2,528		3,371
Total Investment Management	$	50,611	$	48,246

Contract with Customer, Asset and Liability [Table Text Block]



	For the Year Ended December 31, 2019
	Receivables (Current)⁽¹⁾			Receivables (Long-term)⁽²⁾		Contract Assets (Current)⁽³⁾		Contract Assets (Long-term)⁽²⁾		Deferred Revenue (Current Contract Liabilities)⁽⁴⁾			Deferred Revenue (Long-term Contract Liabilities)⁽⁵⁾
Balance at January 1, 2019	$	309,075		$	60,948	$	2,833	$	541	$	4,016		$	1,731
Increase (Decrease)	(12,720		)	2,606		28,692		1,963		(1,524		)	(1,116		)
Balance at December 31, 2019	$	296,355		$	63,554	$	31,525	$	2,504	$	2,492		$	615

	For the Year Ended December 31, 2018
	Receivables (Current)⁽¹⁾			Receivables (Long-term)⁽²⁾		Contract Assets (Current)⁽³⁾		Contract Assets (Long-term)⁽²⁾		Deferred Revenue (Current Contract Liabilities)⁽⁴⁾			Deferred Revenue (Long-term Contract Liabilities)⁽⁵⁾
Balance at January 1, 2018	$	184,993		$	34,008	$	—	$	—	$	3,147		$	1,834
Increase (Decrease)	124,082			26,940		2,833		541		869			(103		)
Balance at December 31, 2018	$	309,075		$	60,948	$	2,833	$	541	$	4,016		$	1,731


(1)	Included in Accounts Receivable on the Consolidated Statements of Financial Condition.


(2)	Included in Other Assets on the Consolidated Statements of Financial Condition.


(3)	Included in Other Current Assets on the Consolidated Statements of Financial Condition.


(4)	Included in Other Current Liabilities on the Consolidated Statements of Financial Condition.

(5)

Included in Other Long-term Liabilities on the Consolidated Statements of Financial Condition.

Business Changes and Developments Business Changes and Developments (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Goodwill

Goodwill associated with the Company's acquisitions is as follows:



	Investment Banking			Investment Management			Total
Balance at December 31, 2017⁽¹⁾	$	123,308		$	10,923		$	134,231
Foreign Currency Translation and Other	(2,844		)	—			(2,844		)
Balance at December 31, 2018⁽¹⁾	120,464			10,923			131,387
Impairment of Goodwill	—			(2,921		)	(2,921		)
Foreign Currency Translation and Other	2,292			—			2,292
Balance at December 31, 2019⁽²⁾	$	122,756		$	8,002		$	130,758

(1) The amount of the Company's goodwill before accumulated impairment losses of $35,607 was $166,994 and $169,838 at December 31, 2018 and 2017, respectively.

(2)

The amount of the Company's goodwill before accumulated impairment losses of $38,528 was $169,286 at December 31, 2019.

Schedule of Finite-Lived Intangible Assets

Intangible assets associated with the Company's acquisitions are as follows:



	December 31, 2019
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	—	$	3,830	$	3,830	$	—	$	2,743	$	2,743
Other	5,320		445		5,765		4,159		390		4,549
Total	$	5,320	$	4,275	$	9,595	$	4,159	$	3,133	$	7,292

	December 31, 2018
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	42,000	$	3,830	$	45,830	$	35,356	$	2,360	$	37,716
Other	5,320		445		5,765		3,167		334		3,501
Total	$	47,320	$	4,275	$	51,595	$	38,523	$	2,694	$	41,217

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the intangible assets above, as of December 31, 2019, annual amortization of intangibles for each of the next five years is as follows:



2020	$	1,606
2021	$	363
2022	$	334
2023	$	—
2024	$	—

Related Parties Related Parties (Tables)

12 Months Ended

Dec. 31, 2019

Schedule Of Receivable From Employees And Related Parties

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2019 and 2018:



	December 31,
	2019		2018
Advances to Employees	$	20,923	$	22,889
Personal Expenses Paid on Behalf of Employees and Related Parties	1,114		692
Other	379		255
Receivable from Employees and Related Parties	$	22,416	$	23,836

Schedule Of Payable To Employees And Related Parties

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2019 and 2018:



	December 31,
	2019		2018
Board of Director Fees	$	567	$	566
Amounts Due to U.K. Members	21,566		22,167
Amounts Due Pursuant to Tax Receivable Agreements^(a)	9,570		9,161
Payable to Employees and Related Parties	$	31,703	$	31,894

(a)

Investment Securities and Certificates of Deposit (Tables)

12 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

The Company's Investment Securities and Certificates of Deposit as of December 31, 2019 and 2018 were as follows:



	December 31, 2019								December 31, 2018
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt Securities	$	114,204	$	591	$	11	$	114,784	$	1,622	$	10	$	—	$	1,632
Equity Securities	666		—		168		498		666		—		410		256
Debt Securities Carried by Broker-Dealers	225,727		1,648		20		227,355		147,009		954		—		147,963
Investment Funds	58,704		7,809		—		66,513		56,296		402		1,922		54,776
Total Investment Securities (carried at fair value)	$	399,301	$	10,048	$	199	$	409,150	$	205,593	$	1,366	$	2,332	$	204,627

Certificates of Deposit (carried at contract value)							214,796								100,000

Total Investment Securities and Certificates of Deposit							$	623,946							$	304,627

Investments Classified by Contractual Maturity Date

Scheduled maturities of the Company's available-for-sale debt securities as of December 31, 2019 and 2018 were as follows:



	December 31, 2019				December 31, 2018
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	108,662	$	109,217	$	391	$	391
Due after one year through five years	5,542		5,567		1,231		1,241
Total	$	114,204	$	114,784	$	1,622	$	1,632

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase (Tables)

12 Months Ended

Dec. 31, 2019

Banking and Thrift [Abstract]

Schedule of Financial Instruments Owned and Pledged as Collateral Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

As of December 31, 2019 and 2018, a summary of the Company's assets, liabilities and collateral received or pledged related to these transactions was as follows:



	December 31,
	2019						2018
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	12,431					$	22,349
Securities Purchased Under Agreements to Resell	13,566			$	13,572		2,696			$	2,701
Total Assets	$	25,997					$	25,045
Liabilities
Securities Sold Under Agreements to Repurchase	$	(26,000	)	$	(25,992	)	$	(25,075	)	$	(25,099	)

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Supplemental Operating Lease Information [Table Text Block]

Other information as it relates to the Company's operating leases is as follows:



	For the Year Ended
	December 31, 2019
New Right-of-Use Assets obtained in exchange for new operating lease liabilities	$	57,004


	December 31, 2019
Weighted-average remaining lease term - operating leases	10.5 years
Weighted-average discount rate - operating leases	4.38		%

Maturities of Undiscounted Operating Lease Liabilities

As of December 31, 2019, the maturities of the undiscounted operating lease liabilities for which the Company has commenced use are as follows:



2020	$	43,342
2021	44,120
2022	38,383
2023	23,663
2024	18,025
Thereafter	166,311
Total lease payments	333,844
Less: Tenant Improvement Allowances	(14,968		)
Less: Imputed Interest	(68,309		)
Present value of lease liabilities	250,567
Less: Current lease liabilities	(33,316		)
Long-term lease liabilities	$	217,251

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]



2019	$	36,537
2020	39,059
2021	39,561
2022	39,585
2023	27,564
Thereafter	403,450
Total	$	585,756

Investments (Tables)

12 Months Ended

Dec. 31, 2019

Other Equity Method Investments [Member]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

A summary of the Company's investments accounted for under the equity method of accounting as of December 31, 2019 and 2018 was as follows:



	December 31,
	2019		2018
ABS	$	40,052	$	38,699
Atalanta Sosnoff	12,300		13,291
Luminis	4,923		6,517
Total	$	57,275	$	58,507

Private Equity Funds [Member]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

A summary of the Company's investments in the private equity funds as of December 31, 2019 and 2018 was as follows:



	December 31,
	2019		2018
ECP II	$	—	$	795
Glisco II, Glisco III and Glisco IV	3,820		3,880
Trilantic IV, Trilantic V and Trilantic VI	9,727		5,125
Total Private Equity Funds	$	13,547	$	9,800

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Categorization of Investments and Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2019 and 2018:



	December 31, 2019
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities Carried by Broker-Dealers	$	168,650	$	58,705	$	—	$	227,355
Other Debt and Equity Securities⁽¹⁾	111,823		6,449		—		118,272
Investment Funds	66,513		—		—		66,513
Financial Instruments Owned and Pledged as Collateral at Fair Value	12,431		—		—		12,431
Total Assets Measured At Fair Value	$	359,417	$	65,154	$	—	$	424,571

	December 31, 2018
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities Carried by Broker-Dealers⁽²⁾	$	109,577	$	62,801	$	—	$	172,378
Other Debt and Equity Securities⁽¹⁾	6,232		1,982		—		8,214
Investment Funds	54,776		—		—		54,776
Financial Instruments Owned and Pledged as Collateral at Fair Value	22,349		—		—		22,349
Total Assets Measured At Fair Value	$	192,934	$	64,783	$	—	$	257,717


(1)	Includes $2,990 and $6,326 of treasury bills and notes and municipal bonds classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2019 and 2018, respectively.

(2)

Includes $24,415 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statement of Financial Condition as of December 31, 2018.

Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value



			December 31, 2019
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	630,818	$	630,818	$	—	$	—	$	630,818
Certificates of Deposit	214,796		—		214,796		—		214,796
Debt Security Investment	9,235		—		—		9,235		9,235
Securities Purchased Under Agreements to Resell	13,566		—		13,566		—		13,566
Receivables⁽¹⁾	359,909		—		357,047		—		357,047
Contract Assets⁽²⁾	34,029		—		33,854		—		33,854
Receivable from Employees and Related Parties	22,416		—		22,416		—		22,416
Closely-held Equity Securities	1,772		—		—		1,772		1,772
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	39,726	$	—	$	39,726	$	—	$	39,726
Securities Sold Under Agreements to Repurchase	26,000		—		26,000		—		26,000
Payable to Employees and Related Parties	31,703		—		31,703		—		31,703
Notes Payable	375,062		—		382,274		—		382,274

			December 31, 2018
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	759,849	$	759,849	$	—	$	—	$	759,849
Certificates of Deposit	100,000		—		100,000		—		100,000
Debt Security Investment	9,717		—		—		9,717		9,717
Securities Purchased Under Agreements to Resell	2,696		—		2,696		—		2,696
Receivables⁽¹⁾	370,023		—		369,636		—		369,636
Contract Assets⁽²⁾	3,374		—		3,348		—		3,348
Receivable from Employees and Related Parties	23,836		—		23,836		—		23,836
Closely-held Equity Security	1,079		—		—		1,079		1,079
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	37,948	$	—	$	37,948	$	—	$	37,948
Securities Sold Under Agreements to Repurchase	25,075		—		25,075		—		25,075
Payable to Employees and Related Parties	31,894		—		31,894		—		31,894
Notes Payable	168,612		—		166,555		—		166,555


(1)	Includes Accounts Receivable and Long-term receivables included in Other Assets on the Consolidated Statements of Financial Condition. The adoption of ASU 2016-01 in 2018 resulted in the Company prospectively including the fair value of its receivables that are due in excess of one year in the above table.

(2)

Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Consolidated Statements of Financial Condition.

Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Components of Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following:



	December 31,
	2019			2018
Furniture and Equipment	$	64,153		$	39,349
Leasehold Improvements	133,820			91,597
Computer and Technology-related	46,213			39,617
Total	244,186			170,563
Less: Accumulated Depreciation and Amortization	(117,387		)	(89,494		)
Furniture, Equipment and Leasehold Improvements, Net	$	126,799		$	81,069

Notes Payable and Subordinated Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

Notes Payable is comprised of the following as of December 31, 2019 and 2018:



				Carrying Value^(a)
				December 31,
Note	Maturity Date	Effective Annual Interest Rate		2019		2018
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	37,873	$	37,776
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,581		66,466
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,595		47,542
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,842		16,828
Evercore Inc. 4.34% Series E Senior Notes	8/1/2029	4.46	%	74,282		—
Evercore Inc. 4.44% Series F Senior Notes	8/1/2031	4.55	%	59,422		—
Evercore Inc. 4.54% Series G Senior Notes	8/1/2033	4.64	%	39,613		—
Evercore Inc. 3.33% Series H Senior Notes	8/1/2033	3.42	%	32,854		—
Total				$	375,062	$	168,612

(a)

Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

Schedule of Future Payments on Notes Payable

As of December 31, 2019, the future payments required on the Notes Payable, including principal and interest, were as follows:



2020	$	19,871
2021	54,757
2022	15,830
2023	81,078
2024	12,326
Thereafter	335,828
Total	$	519,690

Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2019

Noncontrolling Interest [Abstract]

Schedule of Noncontrolling Interest



	December 31,
	2019		2018		2017
Subsidiary:
Evercore LP	12	%	11	%	12	%
EWM⁽¹⁾	30	%	43	%	42	%
PCA⁽²⁾	—	%	10	%	25	%
RECA⁽³⁾	38	%	38	%	—	%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests.

(2) Noncontrolling Interests represent the Common Interests of Private Capital Advisory L.P.

(3) Noncontrolling Interests represent the Class R Interests of Private Capital Advisory L.P.

Changes in Noncontrolling Interest

Changes in Noncontrolling Interest for the years ended December 31, 2019, 2018 and 2017 were as follows:



	For the Years Ended December 31,
	2019			2018			2017
Beginning balance	$	249,819		$	252,404		$	256,033

Comprehensive Income (Loss):
Net Income Attributable to Noncontrolling Interest	56,225			65,611			53,753
Other Comprehensive Income (Loss)	513			(203		)	3,375
Total Comprehensive Income	56,738			65,408			57,128

Evercore LP Units Purchased or Converted into Class A Shares	(15,142		)	(46,594		)	(47,263		)

Amortization and Vesting of LP Units/Interests	27,890			19,860			14,922

Other Items:
Distributions to Noncontrolling Interests	(54,706		)	(41,413		)	(36,374		)
Issuance of Noncontrolling Interest	3,368			1,165			8,460
Purchase of Noncontrolling Interest	(11,433		)	(1,011		)	(281		)
Other, net	—			—			(221		)
Total Other Items	(62,771		)	(41,259		)	(28,416		)

Ending balance	$	256,534		$	249,819		$	252,404

Net Income Per Share Attributable to Evercore Inc. Common Shareholders (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the years ended December 31, 2019, 2018 and 2017 are described and presented below.



	For the Years Ended December 31,
	2019		2018		2017
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	297,436	$	377,240	$	125,454
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,994		40,595		39,641
Basic net income per share attributable to Evercore Inc. common shareholders	$	7.44	$	9.29	$	3.16
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	297,436	$	377,240	$	125,454
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(b)		(b)		(b)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(b)		(b)		(b)
Diluted net income attributable to Evercore Inc. common shareholders	$	297,436	$	377,240	$	125,454
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	39,994		40,595		39,641
Assumed exchange of LP Units for Class A Shares^(a)(b)	718		1,378		842
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	2,082		2,906		2,719
Shares that are contingently issuable^(c)	400		400		1,624
Diluted weighted average Class A Shares outstanding	43,194		45,279		44,826
Diluted net income per share attributable to Evercore Inc. common shareholders	$	6.89	$	8.33	$	2.80

(a)

(b)

(c)

Share-Based and Other Deferred Compensation Share-Based and Other Deferred Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restructuring and Related Costs [Table Text Block]

The following table presents the change in the Company's Termination Costs liability for the year ended December 31, 2019:



Balance at January 1, 2019	$	505
Termination Costs Incurred	7,756
Cash Benefits Paid	(6,412		)
Non-Cash Charges	(698		)
Balance at December 31, 2019	$	1,151

2006 and 2016 Stock Incentive Plans [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Nonvested Share Activity [Table Text Block]

The following table summarizes activity related to Service-based Awards during the year ended December 31, 2019:



	Service-based Awards
	Number of Shares		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2019	6,410		$	468,905
Granted	2,598		236,529
Modified	—		—
Forfeited	(121	)	(10,376		)
Vested	(2,473	)	(167,602		)
Unvested Balance at December 31, 2019	6,414		$	527,456

Evercore ISI [Member] | Acquisition Related [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Nonvested Share Activity [Table Text Block]

The following table summarizes activity related to the LP Units for the Company's equities business during the year ended December 31, 2019:



	Class J LP Units
	Number of Units		Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2019	1,265		$	24,181
Granted	2		176
Modified	76		4,407
Forfeited	(2	)	(13		)
Vested	(1,118	)	(24,440		)
Unvested Balance at December 31, 2019	223		$	4,311

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of financial position that sum to the total of amounts shown in the Consolidated Statements of Cash Flows:



	December 31,
	2019		2018		2017
Cash and Cash Equivalents	$	633,808	$	790,590	$	609,587
Restricted Cash included in Other Assets	10,078		9,506		7,798
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$	643,886	$	800,096	$	617,385

Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following table presents the U.S. and non-U.S. components of Income before income tax expense:



	For the Years Ended December 31,
	2019		2018		2017
U.S.	$	359,496	$	449,171	$	379,407
Non-U.S.	32,986		36,589		4,489
Income before Income Tax Expense^(a)	$	392,482	$	485,760	$	383,896

(a)

Net of Noncontrolling Interest.

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017 consist of:



	For the Years Ended December 31,
	2019			2018			2017
Current:
Federal	$	72,712		$	80,690		$	85,371
Foreign	6,134			7,360			9,796
State and Local	26,703			24,451			14,955
Total Current	105,549			112,501			110,122
Deferred:
Federal	(2,169		)	(4,771		)	150,800
Foreign	(5,022		)	(61		)	(3,464		)
State and Local	(3,312		)	851			984
Total Deferred	(10,503		)	(3,981		)	148,320
Total	$	95,046		$	108,520		$	258,442

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the federal statutory income tax rate and the Company's effective income tax rate for the years ended December 31, 2019, 2018 and 2017 is as follows:



	For the Years Ended December 31,
	2019		2018		2017
Reconciliation of Federal Statutory Tax Rates:
U.S. Statutory Tax Rate	21.0	%	21.0	%	35.0	%
Increase Due to State and Local Taxes	4.2	%	3.6	%	3.1	%
Rate Benefits as a Limited Liability Company/Flow Through	(2.5	)%	(2.6	)%	(2.3	)%
Foreign Taxes	(0.1	)%	0.2	%	(1.1	)%
Non-Deductible Expenses⁽¹⁾	1.6	%	1.2	%	1.6	%
ASU 2016-09 Benefit for Stock Compensation	(2.7	)%	(4.2	)%	(5.5	)%
Tax Cuts and Jobs Act - Reduction to Tax Receivable Agreement Liability	—	%	—	%	(5.6	)%
Tax Cuts and Jobs Act - Primarily Related to the Re-measurement of Net Deferred Tax Assets	—	%	0.1	%	32.7	%
Valuation Allowances	0.3	%	0.3	%	1.1	%
Other Adjustments	(0.6	)%	0.1	%	0.1	%
Effective Income Tax Rate	21.2	%	19.7	%	59.1	%

(1)

Primarily related to non-deductible share-based compensation expense.

Schedule of Deferred Tax Assets and Liabilities



	December 31,
	2019			2018
Deferred Tax Assets:
Depreciation and Amortization	$	37,912		$	33,738
Compensation and Benefits	85,567			61,541
Step up in tax basis due to the exchange of LP Units for Class A Shares⁽¹⁾	99,979			111,108
Step up in tax basis due to the exchange of LP Units for Class A Shares⁽²⁾	41,286			37,079
Operating Lease⁽³⁾	58,497			—
Other	20,617			24,720
Total Deferred Tax Assets	$	343,858		$	268,186
Deferred Tax Liabilities:
Operating Lease⁽³⁾	$	46,682		$	—
Goodwill, Intangible Assets and Other	19,012			18,873
Total Deferred Tax Liabilities	$	65,694		$	18,873
Net Deferred Tax Assets Before Valuation Allowance	278,164			249,313
Valuation Allowance	(9,573		)	(8,221		)
Net Deferred Tax Assets	$	268,591		$	241,092


(1)	Step-up in the tax basis associated with the exchange of LP Units for holders which have a tax receivable agreement.


(2)	Step-up in the tax basis associated with the exchange of LP Units for holders which do not have a tax receivable agreement.

(3)

As discussed in Note 3, in 2019, the Company adopted ASU 2016-02 using the modified retrospective approach as of the date of adoption, which resulted in the recognition of operating lease right-of-use assets and lease liabilities.

Summary of Income Tax Contingencies

A reconciliation of the changes in tax positions for the years ended December 31, 2019, 2018 and 2017 is as follows:



	December 31,
	2019			2018		2017
Beginning unrecognized tax benefit	$	—		$	—	$	—
Additions for tax positions of prior years	616			—		—
Reductions for tax positions of prior years	—			—		—
Lapse of Statute of Limitations	(122		)	—		—
Decrease due to settlement with Taxing Authority	—			—		—
Ending unrecognized tax benefit	$	494		$	—	$	—

Segment Operating Results (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment's contribution.



	For the Years Ended December 31,
	2019		2018		2017
Investment Banking
Net Revenues⁽¹⁾	$	1,951,795	$	2,012,023	$	1,634,268
Operating Expenses	1,485,477		1,448,301		1,175,927
Other Expenses⁽²⁾	33,618		30,366		35,810
Operating Income	432,700		533,356		422,531
Income from Equity Method Investments	916		518		277
Pre-Tax Income	$	433,616	$	533,874	$	422,808
Identifiable Segment Assets	$	2,393,647	$	1,923,783	$	1,294,103
Investment Management
Net Revenues⁽¹⁾	$	56,903	$	52,682	$	70,081
Operating Expenses	48,645		43,940		51,646
Other Expenses⁽²⁾	3,247		21		12,155
Operating Income	5,011		8,721		6,280
Income from Equity Method Investments	10,080		8,776		8,561
Pre-Tax Income	$	15,091	$	17,497	$	14,841
Identifiable Segment Assets	$	204,966	$	201,884	$	290,783
Total
Net Revenues⁽¹⁾	$	2,008,698	$	2,064,705	$	1,704,349
Operating Expenses	1,534,122		1,492,241		1,227,573
Other Expenses⁽²⁾	36,865		30,387		47,965
Operating Income	437,711		542,077		428,811
Income from Equity Method Investments	10,996		9,294		8,838
Pre-Tax Income	$	448,707	$	551,371	$	437,649
Identifiable Segment Assets	$	2,598,613	$	2,125,667	$	1,584,886


(1)	Net revenues include Other Revenue, net, allocated to the segments as follows:



	For the Years Ended December 31,
	2019		2018			2017
Investment Banking^(A)	$	19,023	$	(3,156	)	$	58,399
Investment Management^(B)	6,292		4,436			10,433
Total Other Revenue, net	$	25,315	$	1,280		$	68,832

(A)


(B)	Investment Management Other Revenue, net, includes a gain of $7,808 related to the sale of the Institutional Trust and Independent Fiduciary business of ETC for the year ended December 31, 2017. Also includes $2,037 of net realized and unrealized gains on private equity investments for the year ended December 31, 2017 to conform to the current presentation.


(2)	Other Expenses are as follows:



	For the Years Ended December 31,
	2019		2018		2017
Investment Banking
Amortization of LP Units/Interests and Certain Other Awards	$	18,183	$	15,241	$	11,444
Special Charges	7,202		5,012		14,400
Acquisition and Transition Costs	705		—		555
Fair Value of Contingent Consideration	—		1,485		—
Intangible Asset and Other Amortization	7,528		8,628		9,411
Total Investment Banking	33,618		30,366		35,810
Investment Management
Special Charges	2,939		—		11,037
Acquisition and Transition Costs	308		21		1,118
Total Investment Management	3,247		21		12,155
Total Other Expenses	$	36,865	$	30,387	$	47,965

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company's revenues were derived from clients located and managed in the following geographical areas:



	For the Years Ended December 31,
	2019		2018		2017
Net Revenues:⁽¹⁾
United States	$	1,464,551	$	1,591,883	$	1,199,231
Europe and Other	501,425		438,602		422,271
Latin America	17,407		32,940		14,015
Total	$	1,983,383	$	2,063,425	$	1,635,517

(1) Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

Assets by Geographic Areas

The Company's total assets are located in the following geographical areas:



	December 31,
	2019		2018
Total Assets:
United States	$	2,158,347	$	1,757,589
Europe and Other	373,822		298,917
Latin America	66,444		69,161
Total	$	2,598,613	$	2,125,667

Evercore Inc. (Parent Company Only) Financial Statements Evercore Inc. (Parent Company Only) Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Evercore Inc. (Parent Company Only) Condensed Statements of Financial Condition

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)



	December 31,
	2019			2018
ASSETS
Equity Investment in Subsidiary	$	1,066,398		$	824,239
Deferred Tax Assets	244,965			223,936
Goodwill	15,236			15,236
Other Assets	18,704			—
TOTAL ASSETS	$	1,345,303		$	1,063,411
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	9,570		$	9,161
Taxes Payable	—			30,749
Other Current Liabilities	6,003			2,358
Total Current Liabilities	15,573			42,268
Amounts Due Pursuant to Tax Receivable Agreements	84,952			94,411
Long-term Debt - Notes Payable	375,062			168,612
TOTAL LIABILITIES	475,587			305,291
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 68,698,675 and 65,872,014 issued at December 31, 2019 and 2018, respectively, and 39,176,010 and 39,748,576 outstanding at December 31, 2019 and 2018, respectively)	687			659
Class B, par value $0.01 per share (1,000,000 shares authorized, 84 and 86 issued and outstanding at December 31, 2019 and 2018, respectively)	—			—
Additional Paid-In-Capital	2,016,524			1,818,100
Accumulated Other Comprehensive Income (Loss)	(27,596		)	(30,434		)
Retained Earnings	558,269			364,882
Treasury Stock at Cost (29,522,665 and 26,123,438 shares at December 31, 2019 and 2018, respectively)	(1,678,168		)	(1,395,087		)
TOTAL STOCKHOLDERS' EQUITY	869,716			758,120
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,345,303		$	1,063,411

See notes to parent company only financial statements.

Evercore Inc. (Parent Company Only) Condensed Statements of Operations

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS



	For the Years Ended December 31,
	2019		2018		2017
REVENUES
Other Revenue, Including Interest and Investments	$	12,915	$	9,202	$	86,784
TOTAL REVENUES	12,915		9,202		86,784
Interest Expense	12,915		9,202		9,249
NET REVENUES	—		—		77,535
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		77,535
Equity in Income of Subsidiary	383,717		473,978		287,440
Provision for Income Taxes	86,281		96,738		239,521
NET INCOME	$	297,436	$	377,240	$	125,454

See notes to parent company only financial statements.

Evercore Inc. (Parent Company Only) Condensed Statements of Cash Flows

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS



	For the Years Ended December 31,
	2019			2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	297,436		$	377,240		$	125,454
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(383,717		)	(473,978		)	(209,905		)
Adjustment to Tax Receivable Agreement	—			—			(77,535		)
Deferred Taxes	(3,966		)	(5,311		)	153,344
Accretion on Long-term Debt	336			265			250
(Increase) Decrease in Operating Assets:
Other Assets	(18,704		)	9,689			(9,689		)
Increase (Decrease) in Operating Liabilities:
Taxes Payable	(30,749		)	30,749			(21,341		)
Net Cash Provided by (Used in) Operating Activities	(139,364		)	(61,346		)	(39,422		)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Subsidiary	30,449			138,648			95,943
Net Cash Provided by Investing Activities	30,449			138,648			95,943
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of Notes Payable	205,718			—			—
Dividends	(96,803		)	(77,302		)	(56,521		)
Net Cash Provided by (Used in) Financing Activities	108,915			(77,302		)	(56,521		)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	—			—			—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of Year	—			—			—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of Year	$	—		$	—		$	—

SUPPLEMENTAL CASH FLOW DISCLOSURE
Accrued Dividends	$	14,642		$	12,288		$	9,815

See notes to parent company only financial statements.

Supplemental Financial Information Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Supplemental Financial Information



	For the Three Months Ended
	December 31, 2019		September 30, 2019		June 30, 2019		March 31, 2019
Net Revenues	$	660,127	$	402,198	$	531,046	$	415,327
Total Expenses	503,404		331,854		404,212		331,517
Income Before Income from Equity Method Investments and Income Taxes	156,723		70,344		126,834		83,810
Income from Equity Method Investments	3,770		2,562		2,453		2,211
Income Before Income Taxes	160,493		72,906		129,287		86,021
Provision for Income Taxes	34,793		20,402		32,030		7,821
Net Income	125,700		52,504		97,257		78,200
Net Income Attributable to Noncontrolling Interest	20,516		9,226		15,515		10,968
Net Income Attributable to Evercore Inc.	$	105,184	$	43,278	$	81,742	$	67,232
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	2.68	$	1.09	$	2.02	$	1.66
Diluted	$	2.48	$	1.01	$	1.88	$	1.52
Dividends Declared Per Share of Class A Common Stock	$	0.58	$	0.58	$	0.58	$	0.50



	For the Three Months Ended
	December 31, 2018		September 30, 2018		June 30, 2018		March 31, 2018
Net Revenues	$	771,406	$	381,259	$	448,477	$	463,563
Total Expenses	521,200		306,719		343,695		351,014
Income Before Income from Equity Method Investments and Income Taxes	250,206		74,540		104,782		112,549
Income from Equity Method Investments	2,452		2,298		2,419		2,125
Income Before Income Taxes	252,658		76,838		107,201		114,674
Provision for Income Taxes	60,502		17,539		25,541		4,938
Net Income	192,156		59,299		81,660		109,736
Net Income Attributable to Noncontrolling Interest	28,851		9,838		12,729		14,193
Net Income Attributable to Evercore Inc.	$	163,305	$	49,461	$	68,931	$	95,543
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic	$	4.07	$	1.21	$	1.69	$	2.36
Diluted	$	3.67	$	1.08	$	1.52	$	2.10
Dividends Declared Per Share of Class A Common Stock	$	0.50	$	0.50	$	0.50	$	0.40

Significant Accounting Policies (Details) $ in Thousands	1 Months Ended	12 Months Ended
Significant Accounting Policies (Details) $ in Thousands	Nov. 30, 2016	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Significant Accounting Policies [Line Items]
Investment Banking And Investment Management Receivables Collection Periods		90 days
Placement Fees Receivables Collection Period		180 days
Private Funds Capital Raising Receivables Collection Period		1 year
Collection Period For Restructuring Transactions		90 days
Receivables Reflected in Other Assets in Excess of Period		1 year
Contract Asset Recognized For Cost of Obtaining Contract With Benefit in Excess of Period		1 year
Other Operating Expenses		$ 42,020	$ 30,461	$ 23,442
Professional Fees		81,851	82,393	63,857
Net Realized And Unrealized Gains On Private Equity Fund Investments		(790)	(397)	(915)
Variable Interest Entity, Primary Beneficiary [Member]
Significant Accounting Policies [Line Items]
Consolidated Assets		227,885	190,223
Consolidated Liabilities		$ 129,494	$ 122,460
Execution, Clearing and Custody Fees [Member]
Significant Accounting Policies [Line Items]
Other Operating Expenses				13,572
Professional Fees				1,206
Other Revenue, Including Interest and Investments [Member]
Significant Accounting Policies [Line Items]
Principal Trading Losses				(701)
Net Realized And Unrealized Gains On Private Equity Fund Investments				$ 2,037
LP Units [Member]
Significant Accounting Policies [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1	1
Minimum [Member]
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		3 years
Award Vesting Period		1 year
Maximum [Member]
Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		7 years
Award Vesting Period		5 years

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Operating Lease, Liability	$ 250,567
Operating Lease Right-of-Use Assets	$ 199,988	$ 0

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investment Banking [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 1,932,772	$ 2,015,179
Investment Banking [Member] \| Advisory Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	1,653,585	1,743,473	$ 1,324,412
Investment Banking [Member] \| Underwriting Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	89,681	71,691	45,827
Investment Banking [Member] \| Commissions and Related Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	189,506	200,015	$ 205,630
Investment Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	50,611	48,246
Investment Management [Member] \| Wealth Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	48,083	44,875
Investment Management [Member] \| Institutional Asset Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 2,528	$ 3,371

Revenue - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contracts with Customers [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 15,115	$ 16,468
Period in Which Performance Obligations Under Client Arrangements Settled	1 year
Underwriting Fees [Member]
Revenue from Contracts with Customers [Line Items]
Reimbursement Revenue		4,680
Professional Fees [Member]
Revenue from Contracts with Customers [Line Items]
Reimbursable Expense		2,340
Travel and Related Expenses [Member]
Revenue from Contracts with Customers [Line Items]
Reimbursable Expense		460
Communications and Information Services [Member]
Revenue from Contracts with Customers [Line Items]
Reimbursable Expense		476
Other Operating Expenses [Member]
Revenue from Contracts with Customers [Line Items]
Reimbursable Expense		1,404
Investment Banking [Member] \| Advisory Fees [Member]
Revenue from Contracts with Customers [Line Items]
Revenue, Variable Consideration Recognized		$ 3,374

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Contract with Customer, Asset, Net, Current [Roll Forward]
Contract with Customer, Receivable, Net, Current	$ 309,075	$ 184,993
Contract with Customer, Receivable, Current, Net Increase (Decrease)	(12,720)	124,082
Contract with Customer, Receivable, Net, Current	296,355	309,075
Contract with Customer, Asset, Gross, Current	2,833	0
Contract with Customer, Contract Asset, Current, Net Increase (Decrease)	28,692	2,833
Contract with Customer, Asset, Gross, Current	31,525	2,833
Contract with Customer, Asset, Net, Noncurrent [Roll Forward]
Contract with Customer, Receivable, Net, Noncurrent	60,948	34,008
Contract with Customer, Receivable, NonCurrent, Net Increase (Decrease)	2,606	26,940
Contract with Customer, Receivable, Net, Noncurrent	63,554	60,948
Contract with Customer, Asset, Gross, Noncurrent	541	0
Increase (Decrease) in Contract Receivables, Net	1,963	541
Contract with Customer, Asset, Gross, Noncurrent	2,504	541
Contract with Customer, Liability, Current [Roll Forward]
Contract with Customer, Liability, Current	4,016	3,147
Contract with Customer, Liability, Current, Net Increase (Decrease)	(1,524)	869
Contract with Customer, Liability, Current	2,492	4,016
Contract with Customer, Liability, Noncurrent [Roll Forward]
Contract with Customer, Liability, Noncurrent	1,731	1,834
Contract with Customer, Liability, Noncurrent, Net Increase (Decrease)	(1,116)	(103)
Contract with Customer, Liability, Noncurrent	$ 615	$ 1,731

Business Changes and Developments Business Changes and Developments - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Nov. 30, 2019	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Asset Acquisition, Contingent Consideration, Liability		$ 4,463	$ 4,463	$ 4,463
Asset Acquisition, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration, Liability			400	3,971
Amortization of Intangible Assets			$ 8,077	9,199	$ 9,793
Discount Rate	17.00%	17.00%
Compound Annual Growth Rate	3.00%	3.00%	3.00%
Impairment of Goodwill			$ 2,921
Goodwill, Impairment Loss, Net of Tax			1,361		3,694
PCA [Member]
Business Acquisition [Line Items]
Issuance of Noncontrolling Interest				$ 770
Special Charges [Member]
Business Acquisition [Line Items]
Impairment of Goodwill			2,921
Special Charges [Member] \| Investment Management [Member] \| Institutional Asset Management [Member]
Business Acquisition [Line Items]
Impairment of Goodwill			2,088		$ 7,107
Goodwill [Member] \| Evercore Casa de Bolsa
Business Acquisition [Line Items]
Assets Held-for-sale		$ 475	475
Annual Goodwill Assessment [Member]
Business Acquisition [Line Items]
Goodwill, Impairment Loss, Net of Tax			543
Annual Goodwill Assessment [Member] \| Special Charges [Member] \| Investment Management [Member] \| Institutional Asset Management [Member]
Business Acquisition [Line Items]
Impairment of Goodwill			$ 833

Business Changes and Developments - Goodwill Associated with Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Balance at beginning of period	$ 131,387	$ 134,231
Foreign Currency Translation and Other	2,292	(2,844)
Goodwill, Impairment Loss	(2,921)
Balance at end of period	130,758	131,387	$ 134,231
Goodwill, Impaired, Accumulated Impairment Loss	38,528	35,607	35,607
Goodwill, Gross	169,286	166,994	169,838
Investment Banking [Member]
Goodwill [Roll Forward]
Balance at beginning of period	120,464	123,308
Foreign Currency Translation and Other	2,292	(2,844)
Goodwill, Impairment Loss	0
Balance at end of period	122,756	120,464	123,308
Investment Management [Member]
Goodwill [Roll Forward]
Balance at beginning of period	10,923	10,923
Foreign Currency Translation and Other	0	0
Goodwill, Impairment Loss	(2,921)
Balance at end of period	$ 8,002	$ 10,923	$ 10,923

Business Changes and Developments - Intangible Assets Associated with Acquisitions (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 9,595	$ 51,595
Accumulated Amortization	7,292	41,217
Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,320	47,320
Accumulated Amortization	4,159	38,523
Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,275	4,275
Accumulated Amortization	3,133	2,694
Client Related [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,830	45,830
Accumulated Amortization	2,743	37,716
Client Related [Member] \| Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	42,000
Accumulated Amortization	0	35,356
Client Related [Member] \| Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,830	3,830
Accumulated Amortization	2,743	2,360
Other Intangible Assets Associated With Acquisition [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,765	5,765
Accumulated Amortization	4,549	3,501
Other Intangible Assets Associated With Acquisition [Member] \| Investment Banking [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,320	5,320
Accumulated Amortization	4,159	3,167
Other Intangible Assets Associated With Acquisition [Member] \| Investment Management [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	445	445
Accumulated Amortization	$ 390	$ 334

Business Changes and Developments - Annual Amortization of Intangibles for Next Five Years (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Business Combinations [Abstract]
2020	$ 1,606
2021	363
2022	334
2023	0
2024	$ 0

Acquisition and Transition Costs and Special Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2020
Business Acquisition [Line Items]
Acquisition and Transition Costs		$ 1,013	$ 21	$ 1,673
Special Charges		10,141	5,012	25,437
Impairment of Goodwill		2,921
Severance Costs		8,145	9,420	6,655
Special Charges [Member]
Business Acquisition [Line Items]
Impairment of Goodwill		2,921
Accelerated Depreciation For Leasehold Improvements		4,370
Severance Costs		2,850	2,024	3,930
Investment Management [Member]
Business Acquisition [Line Items]
Acquisition and Transition Costs		308	21	1,118
Special Charges		2,939	0	11,037
Investment Management [Member] \| Institutional Asset Management [Member] \| Special Charges [Member]
Business Acquisition [Line Items]
Impairment of Goodwill		2,088		7,107
Investment Banking [Member]
Business Acquisition [Line Items]
Acquisition and Transition Costs		705	0	555
Special Charges		$ 7,202	$ 5,012	14,400
Evercore Trust Company [Member]
Business Acquisition [Line Items]
Special Charges				3,930
G5 [Member] \| Investment Banking [Member] \| Special Charges [Member]
Business Acquisition [Line Items]
Equity Method Investment, Other than Temporary Impairment				$ 14,400
Forecast [Member]
Business Acquisition [Line Items]
Headcount Reductions (as a percent)					6.00%
Forecast [Member] \| Special Charges [Member]
Business Acquisition [Line Items]
Severance Costs	$ 38,000

Related Parties Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other Assets [Member]
Related Party Transaction [Line Items]
Due from Related Parties, Noncurrent	$ 13,137	$ 16,359

Related Parties - Receivable from Employees and Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Advances to Employees	$ 20,923	$ 22,889
Personal Expenses Paid on Behalf of Employees and Related Parties	1,114	692
Other	379	255
Receivable from Employees and Related Parties	$ 22,416	$ 23,836

Related Parties - Payable to Employees and Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Board Of Director Fees	$ 567	$ 566
Amounts Due to U.K. Members	21,566	22,167
Amounts Due Pursuant To Tax Receivable Agreements (a)	9,570	9,161
Payable to Employees and Related Parties	31,703	31,894
Amounts Due Pursuant to Tax Receivable Agreements	$ 84,952	$ 94,411

Investment Securities and Certificates of Deposit - Amortized Cost and Estimated Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 114,204	$ 1,622
Debt Securities, Available-for-sale	114,784	1,632
Investment Securities, Amortized Cost Basis	399,301	205,593
Investment Securities, Accumulated Gross Unrealized Gain, before Tax	10,048	1,366
Investment Securities, Accumulated Gross Unrealized Loss, before Tax	199	2,332
Investment Securities	409,150	204,627
Certificates of Deposit, at Carrying Value	214,796	100,000
Investment Securities and Certificates of Deposit	623,946	304,627
Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	114,204	1,622
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	591	10
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	11	0
Debt Securities, Available-for-sale	114,784	1,632
Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Equity Securities, FV-NI, Cost	666	666
Trading Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Trading Securities, Accumulated Gross Unrealized Loss, before Tax	168	410
Equity Securities, FV-NI	498	256
Debt Securities Carried by Broker-Dealers [Member]
Debt Securities, Available-for-sale [Line Items]
Trading Securities, Accumulated Gross Unrealized Gain, before Tax	1,648	954
Trading Securities, Accumulated Gross Unrealized Loss, before Tax	20	0
Debt Securities, Trading, Amortized Cost	225,727	147,009
Debt Securities, Trading	227,355	147,963
Investment Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Equity Securities, FV-NI, Cost	58,704	56,296
Trading Securities, Accumulated Gross Unrealized Gain, before Tax	7,809	402
Trading Securities, Accumulated Gross Unrealized Loss, before Tax	0	1,922
Equity Securities, FV-NI	$ 66,513	$ 54,776

Investment Securities and Certificates of Deposit - Scheduled Maturities of Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Due within one year, amortized cost	$ 108,662	$ 391
Due after one year through five years, amortized cost	5,542	1,231
Debt Securities, Available-for-sale, Amortized Cost	114,204	1,622
Due within one year, fair value	109,217	391
Due after one year through five years, fair value	5,567	1,241
Total, fair value	$ 114,784	$ 1,632

Investment Securities and Certificates of Deposit - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Feb. 01, 2020	Apr. 30, 2019
Schedule Of Marketable Securities [Line Items]
Derivative, Notional Amount					$ 14,815
Margin Deposit Assets					$ 680
Derivative, Gain (Loss) on Derivative, Net	$ 59
Certificates of Deposit, at Carrying Value	214,796	$ 100,000
Debt Securities [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized Gains (Losses)	(14)	(28)	$ (38)
Equity Securities [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized and Unrealized Gains (Losses)	243	(193)	64
Debt Securities Carried by Broker-Dealers [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized and Unrealized Gains (Losses)	491	546	(865)
Investment Funds [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized and Unrealized Gains (Losses)	$ 13,785	$ (5,113)	$ 4,088
Subsequent Event [Member]
Schedule Of Marketable Securities [Line Items]
Derivative, Notional Amount				$ 38,908

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Securities Average Estimated Maturity Period (in years)	1 year
Confidence Level Value at Risk (as a percent)	98.00%
Value at Risk Threshold (as a percent)	0.10%

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Summary of Assets, Liabilities and Collateral Received or Pledged (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	$ 12,431	$ 22,349
Securities Purchased Under Agreements to Resell	13,566	2,696
Securities Sold Under Agreements to Repurchase	(26,000)	(25,075)
Asset (Liability) Balance [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	12,431	22,349
Securities Purchased Under Agreements to Resell	13,566	2,696
Total Assets	25,997	25,045
Securities Sold Under Agreements to Repurchase	(26,000)	(25,075)
Market Value of Collateral Received or (Pledged) [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities Purchased Under Agreements to Resell	13,572	2,701
Securities Sold Under Agreements to Repurchase	$ (25,992)	$ (25,099)

Leases (Details) $ in Thousands		12 Months Ended
Leases (Details) $ in Thousands	Jul. 01, 2018 Floor	Dec. 31, 2019 USD ($)	Jan. 01, 2019 USD ($)	Dec. 31, 2018 USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease, Cost		$ 41,257
Variable Lease, Cost		8,474
Operating Lease Additional Floors \| Floor	7
Operating Lease Additional Floors Commencing on Lease Effective Date \| Floor	3
Operating Lease, Payments		20,175
Operating Lease, Incentive Payments Received		18,771
Operating Lease Right-of-Use Assets		199,988		$ 0
Lessee, Additional Payments for Operating Leases Not Yet Commenced		$ 332,771
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract		1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract		16 years
Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Right-of-Use Assets			$ 180,935
Office Equipment [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost		$ 4,107
Letter of Credit [Member]
Lessee, Lease, Description [Line Items]
Other Assets		$ 5,536		$ 5,502

Leases - Supplemental Operating Lease Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Leases [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 57,004
Operating Lease, Weighted Average Remaining Lease Term	10 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	4.38%

Leases - Maturities of Undiscounted Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
2020	$ 43,342
2021	44,120
2022	38,383
2023	23,663
2024	18,025
Thereafter	166,311
Total lease payments	333,844
Tenant Improvement Allowances	(14,968)
Imputed Interest	(68,309)
Operating Lease, Liability	250,567
Current Operating Lease Liabilities	(33,316)	$ 0
Long-term Operating Lease Liabilities	$ 217,251	$ 0

Leases - Aggregate Minimum Future Payments Required on Operating Leases (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Leases [Abstract]
2019	$ 36,537
2020	39,059
2021	39,561
2022	39,585
2023	27,564
Thereafter	403,450
Total	$ 585,756

Investments - Summary of Other Equity Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 57,275	$ 58,507
ABS [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	40,052	38,699
Atalanta Sosnoff [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	12,300	13,291
Luminis [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 4,923	$ 6,517

Investments - Additional Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	May 31, 2017	Dec. 31, 2010
Schedule of Investments [Line Items]
Income from Equity Method Investments	$ 3,770,000	$ 2,562,000	$ 2,453,000	$ 2,211,000	$ 2,452,000	$ 2,298,000	$ 2,419,000	$ 2,125,000	$ 10,996,000	$ 9,294,000	$ 8,838,000
Equity Method Investment	57,275,000				58,507,000				57,275,000	58,507,000
Amortization of Intangible Assets									8,077,000	9,199,000	9,793,000
Net Realized and Unrealized Gains (Losses) on Private Equity Fund Investments, Including Performance Fees									(790,000)	(397,000)	(915,000)
Previously Received Carried Interest Subject to Repayment	0								0
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	4,658,000				5,445,000				4,658,000	5,445,000
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	8,810,000				8,048,000				8,810,000	8,048,000
Unfunded Commitments for Capital Contributions	13,767,000								13,767,000
Equity Method Investments [Member]
Schedule of Investments [Line Items]
Amortization of Intangible Assets									684,000	893,000	1,505,000
2015 Private Company Securities [Member]
Schedule of Investments [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount	1,079,000				1,079,000				1,079,000	1,079,000
2019 Private Company Securities [Member]
Schedule of Investments [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount	$ 693,000								693,000
Investment Banking [Member]
Schedule of Investments [Line Items]
Income from Equity Method Investments									$ 916,000	518,000	277,000
ABS [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	46.00%								46.00%
Income from Equity Method Investments									$ 8,870,000	7,565,000	7,990,000
Equity Method Investment	$ 40,052,000				38,699,000				$ 40,052,000	38,699,000
Atalanta Sosnoff [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%								49.00%
Income from Equity Method Investments									$ 1,210,000	1,211,000	493,000
Equity Method Investment	$ 12,300,000				13,291,000				$ 12,300,000	13,291,000
Luminis [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	20.00%								20.00%
Income from Equity Method Investments									$ 916,000	518,000	499,000
Equity Method Investment	$ 4,923,000				6,517,000				4,923,000	6,517,000
G5 [Member]
Schedule of Investments [Line Items]
Income from Equity Method Investments											(144,000)
Equity Method Investment												$ 11,555,000
Debt Securities, Held-to-maturity	9,235,000				9,717,000				9,235,000	9,717,000
G5 [Member] \| Special Charges [Member] \| Investment Banking [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Other than Temporary Impairment											$ 14,400,000
Trilantic VI [Member]
Schedule of Investments [Line Items]
Investment	3,015,000								3,015,000
Capital Commitment	12,000,000								12,000,000
Unfunded Commitments for Capital Contributions	9,164,000								9,164,000
Other Ownership Interests, Contributed Capital	2,836,000								2,836,000
Glisco II [Member]
Schedule of Investments [Line Items]
Distribution Made to Limited Partner, Cash Distributions Paid										2,059,000
Trilantic IV [Member]
Schedule of Investments [Line Items]
Investment					1,178,000					1,178,000
Distribution Made to Limited Partner, Cash Distributions Paid										194,000
Trilantic V [Member]
Schedule of Investments [Line Items]
Investment	155,000				4,980,000				155,000	4,980,000
Distribution Made to Limited Partner, Cash Distributions Paid										1,549,000
Capital Commitment	5,000,000								5,000,000
Unfunded Commitments for Capital Contributions	391,000								391,000
Trilantic [Member]
Schedule of Investments [Line Items]
Investment	6,762,000				9,932,000				6,762,000	9,932,000
Issued LP Units (in shares)													500,000
Limited Partnership Investment													$ 16,090,000
Glisco [Member]
Schedule of Investments [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount	$ 899,000				$ 1,609,000				$ 899,000	$ 1,609,000

Investments - Summary of Investments in Private Equity Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 57,275	$ 58,507
Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	13,547	9,800
ECP II [Member] \| Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	0	795
Glisco II, III and IV [Member] \| Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	3,820	3,880
Trilantic IV, V and VI [Member] \| Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 9,727	$ 5,125

Fair Value Measurements - Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 424,571	$ 257,717
Level III [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	$ 0
Institutional Asset Management [Member] \| Level III [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 8,777

Fair Value Measurements - Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Level I [Member]
Financial Assets:
Cash and Cash Equivalents	$ 630,818	$ 759,849
Certificates of Deposit	0	0
Securities Purchased Under Agreements to Resell	0	0
Receivables(1)	0	0
Contract Assets(2)	0	0
Receivable from Employees and Related Parties	0	0
Financial Liabilities:
Accounts Payable and Accrued Expenses	0	0
Securities Sold Under Agreements to Repurchase	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Level II [Member]
Financial Assets:
Cash and Cash Equivalents	0	0
Certificates of Deposit	214,796	100,000
Securities Purchased Under Agreements to Resell	13,566	2,696
Receivables(1)	357,047	369,636
Contract Assets(2)	33,854	3,348
Receivable from Employees and Related Parties	22,416	23,836
Financial Liabilities:
Accounts Payable and Accrued Expenses	39,726	37,948
Securities Sold Under Agreements to Repurchase	26,000	25,075
Payable to Employees and Related Parties	31,703	31,894
Notes Payable	382,274	166,555
Level III [Member]
Financial Assets:
Cash and Cash Equivalents	0	0
Certificates of Deposit	0	0
Securities Purchased Under Agreements to Resell	0	0
Receivables(1)	0	0
Contract Assets(2)	0	0
Receivable from Employees and Related Parties	0	0
Financial Liabilities:
Accounts Payable and Accrued Expenses	0	0
Securities Sold Under Agreements to Repurchase	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Carrying Amount [Member]
Financial Assets:
Cash and Cash Equivalents	630,818	759,849
Certificates of Deposit	214,796	100,000
Securities Purchased Under Agreements to Resell	13,566	2,696
Receivables(1)	359,909	370,023
Contract Assets(2)	34,029	3,374
Receivable from Employees and Related Parties	22,416	23,836
Financial Liabilities:
Accounts Payable and Accrued Expenses	39,726	37,948
Securities Sold Under Agreements to Repurchase	26,000	25,075
Payable to Employees and Related Parties	31,703	31,894
Notes Payable	375,062	168,612
Total [Member]
Financial Assets:
Cash and Cash Equivalents	630,818	759,849
Certificates of Deposit	214,796	100,000
Securities Purchased Under Agreements to Resell	13,566	2,696
Receivables(1)	357,047	369,636
Contract Assets(2)	33,854	3,348
Receivable from Employees and Related Parties	22,416	23,836
Financial Liabilities:
Accounts Payable and Accrued Expenses	39,726	37,948
Securities Sold Under Agreements to Repurchase	26,000	25,075
Payable to Employees and Related Parties	31,703	31,894
Notes Payable	382,274	166,555
Held-to-maturity Securities [Member] \| Level I [Member]
Financial Assets:
Investments	0	0
Held-to-maturity Securities [Member] \| Level II [Member]
Financial Assets:
Investments	0	0
Held-to-maturity Securities [Member] \| Level III [Member]
Financial Assets:
Investments	9,235	9,717
Held-to-maturity Securities [Member] \| Carrying Amount [Member]
Financial Assets:
Investments	9,235	9,717
Held-to-maturity Securities [Member] \| Total [Member]
Financial Assets:
Investments	9,235	9,717
Equity Securities [Member] \| Level I [Member]
Financial Assets:
Investments	0	0
Equity Securities [Member] \| Level II [Member]
Financial Assets:
Investments	0	0
Equity Securities [Member] \| Level III [Member]
Financial Assets:
Investments	1,772	1,079
Equity Securities [Member] \| Carrying Amount [Member]
Financial Assets:
Investments	1,772	1,079
Equity Securities [Member] \| Total [Member]
Financial Assets:
Investments	$ 1,772	$ 1,079

Furniture, Equipment and Leasehold Improvements Components of Furniture, Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Furniture and Equipment	$ 64,153	$ 39,349
Leasehold Improvements	133,820	91,597
Computer and Technology-related	46,213	39,617
Total	244,186	170,563
Less: Accumulated Depreciation and Amortization	(117,387)	(89,494)
Furniture, Equipment and Leasehold Improvements, Net	$ 126,799	$ 81,069

Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 22,946	$ 17,855	$ 15,026
Special Charges [Member]
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 4,370	$ 2,058

Notes Payable - Additional Information (Details)		1 Months Ended		12 Months Ended
Notes Payable - Additional Information (Details)	Aug. 01, 2019 USD ($)	May 31, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2019	Aug. 01, 2019 GBP (£)	Mar. 30, 2016 USD ($)
Debt Instrument [Line Items]
Minimum Repayment of Aggregate Principal Amount of Senior Notes (as a percent)				5.00%
Outstanding Principal Amount of Senior Notes (as a percent)				100.00%
Subordinated Borrowing, Interest Rate (as a percent)				5.50%
Subordinated Debt [Member]
Debt Instrument [Line Items]
Extinguishment of Debt, Amount		$ 99,000	$ 6,700,000
Parent Company [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 170,000,000
Long-term Debt, Weighted Average Life	12 years
Long-term Debt, Weighted Average Interest Rate, at Point in Time (as a percent)	4.26%				4.26%
Parent Company [Member] \| Senior Notes [Member] \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 175,000,000
Parent Company [Member] \| Senior Notes [Member] \| United Kingdom, Pounds
Debt Instrument [Line Items]
Long-term Debt, Gross \| £					£ 25,000,000
Parent Company [Member] \| Series A Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage						4.88%
Parent Company [Member] \| Series B Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 67,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.23%
Parent Company [Member] \| Series C Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 48,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.48%
Parent Company [Member] \| Series D Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 17,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.58%
Parent Company [Member] \| Series E Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 75,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.34%				4.34%
Parent Company [Member] \| Series F Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 60,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.44%				4.44%
Parent Company [Member] \| Series G Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 40,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.54%				4.54%
Parent Company [Member] \| Series H Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross \| £					£ 25,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.33%				3.33%

Notes Payable and Subordinated Borrowings - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Aug. 01, 2019	Dec. 31, 2018	Mar. 30, 2016
Series A Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.16%
Carrying Value	$ 37,873		$ 37,776
Series B Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.44%
Carrying Value	$ 66,581		66,466
Series C Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.64%
Carrying Value	$ 47,595		47,542
Series D Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.72%
Carrying Value	$ 16,842		16,828
Series E Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.46%
Carrying Value	$ 74,282		0
Series F Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.55%
Carrying Value	$ 59,422		0
Series G Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.64%
Carrying Value	$ 39,613		0
Series H Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	3.42%
Carrying Value	$ 32,854		0
Senior Notes [Member]
Debt Instrument [Line Items]
Carrying Value	$ 375,062		$ 168,612
Parent Company [Member] \| Series A Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				4.88%
Parent Company [Member] \| Series B Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				5.23%
Parent Company [Member] \| Series C Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				5.48%
Parent Company [Member] \| Series D Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				5.58%
Parent Company [Member] \| Series E Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		4.34%
Parent Company [Member] \| Series F Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		4.44%
Parent Company [Member] \| Series G Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		4.54%
Parent Company [Member] \| Series H Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.33%

Notes Payable and Subordinated Borrowings - Schedule of Future Payments (Details) - Senior Notes [Member] $ in Thousands	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
2020	$ 19,871
2021	54,757
2022	15,830
2023	81,078
2024	12,326
Thereafter	335,828
Total	$ 519,690

Employee Benefit Plans Employee Benefit Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Payment for Pension Benefits		$ 124,000	$ 137,000	$ 165,000
Evercore Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount		0	0	0
Evercore Plan [Member] \| Subsequent Event [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay (as a percent)	3.00%
Defined Contribution Plan, Employer Matching Contribution, Maximum Annual Contributions Per Employee, Amount	$ 3,000
Evercore Europe Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount		$ 2,972,000	$ 2,915,000	$ 3,145,000
Defined Contribution Plan, Maximum Annual Contributions Per Employee, (as a percent)		10.00%
Evercore Europe Plan [Member] \| Minimum [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay (as a percent)		5.00%
Defined Contribution Plans Annual Contribution Percentage of Employee's Salary (as a percent)		15.00%
Defined Contribution Plan Contribution Percentage By Employee (as a percent)		7.50%
Evercore Europe Plan [Member] \| Maximum [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay (as a percent)		10.00%
Defined Contribution Plans Annual Contribution Percentage of Employee's Salary (as a percent)		50.00%
Defined Contribution Plan Contribution Percentage By Employee (as a percent)		10.00%
Evercore Europe Plan After July 2011 [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plans Annual Contribution Percentage of Employee's Salary (as a percent)		15.00%
ISI U.K. Plan Through March 2018 [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension Contributions, Percent of Employees Salary (as a percent)		5.00%
ISI U.K. Plan Starting in April 2018 [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension Contributions, Percent of Employees Salary (as a percent)		6.00%

Evercore Inc. Stockholders' Equity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Jan. 28, 2020

Dec. 31, 2019

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Jan. 01, 2018

Temporary Equity [Line Items]

Dividends Declared Per Share of Class A Common Stock (in dollars per share)

$ 0.58

$ 0.50

$ 0.40

$ 2.24

$ 1.90

Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)

$ 2.24

$ 1.90

Declared and Paid Dividends, Cash

$ 89,407

$ 77,302

Treasury Stock, Shares, Acquired (in shares)

3,399

3,106

Treasury Stock Acquired, Average Cost Per Share (in dollars per share)

$ 83.28

$ 93.24

Increase in Treasury Stock

$ 283,081

$ 289,681

LP Units Exchanged By Employees (in units)

353

1,182

Increase in Common Stock

$ 3

$ 12

Adjustments to Additional Paid-In-Capital

15,138

$ 46,583

Accumulated Unrealized Gain (Loss) on Securities and Investments

$ (4,007)

(4,007)

Foreign Currency Translation Adjustment Gain (Loss), Net

$ (23,589)

Cumulative Effect of Accounting Change

^[1]

$ 0

Accounting Standards Update 2016-01 [Member]

Temporary Equity [Line Items]

Cumulative Effect of Accounting Change

$ (2,229)

Share Repurchase Program [Member]

Temporary Equity [Line Items]

Treasury Stock, Shares, Acquired (in shares)

2,360

2,021

Treasury Stock Acquired, Average Cost Per Share (in dollars per share)

$ 80.69

$ 89.81

Share Repurchase Program [Member] | Minimum [Member]

Temporary Equity [Line Items]

Treasury Stock Acquired, Market Value Per Share (in dollars per share)

73.18

80.05

Share Repurchase Program [Member] | Maximum [Member]

Temporary Equity [Line Items]

Treasury Stock Acquired, Market Value Per Share (in dollars per share)

$ 92.33

$ 112.30

Net Settlement of Share Based Awards [Member]

Temporary Equity [Line Items]

Treasury Stock, Shares, Acquired (in shares)

1,039

1,085

Treasury Stock Acquired, Average Cost Per Share (in dollars per share)

$ 89.15

$ 99.64

Net Settlement of Share Based Awards [Member] | Minimum [Member]

Temporary Equity [Line Items]

Treasury Stock Acquired, Market Value Per Share (in dollars per share)

71.11

79.47

Net Settlement of Share Based Awards [Member] | Maximum [Member]

Temporary Equity [Line Items]

Treasury Stock Acquired, Market Value Per Share (in dollars per share)

$ 96.22

$ 115.30

Dividends Accrued [Member]

Temporary Equity [Line Items]

Accrued Deferred Cash Dividends

$ 14,642

$ 12,288

Dividend Paid [Member]

Temporary Equity [Line Items]

Accrued Deferred Cash Dividends

$ 7,396

Subsequent Event [Member]

Temporary Equity [Line Items]

Dividends Declared Per Share of Class A Common Stock (in dollars per share)

$ 0.58

G5 [Member]

Temporary Equity [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

$ 16,266

[1]

(1)

Noncontrolling Interest - Schedule of Noncontrolling Interest (Details)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Evercore LP [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	12.00%	11.00%	12.00%
Evercore Wealth Management [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	30.00%	43.00%	42.00%
Private Capital Advisory L.P. (PCA) [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	0.00%	10.00%	25.00%
Real Estate Capital Advisory [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	38.00%	38.00%	0.00%

Noncontrolling Interest - Changes In Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance				$ 249,819					$ 249,819
Comprehensive Income (Loss):
Net Income Attributable to Noncontrolling Interest	$ 20,516	$ 9,226	$ 15,515	10,968	$ 28,851	$ 9,838	$ 12,729	$ 14,193	56,225	$ 65,611	$ 53,753
Total Comprehensive Income									56,738	65,408	57,128
Evercore LP Units Purchased or Converted into Class A Shares									17,825	23,968	36,963
Total Other Items									(104,253)	(66,717)	(36,879)
Ending balance	256,534				249,819				256,534	249,819
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance				$ 249,819				$ 252,404	249,819	252,404	256,033
Comprehensive Income (Loss):
Net Income Attributable to Noncontrolling Interest									56,225	65,611	53,753
Other Comprehensive Income (Loss)									513	(203)	3,375
Total Comprehensive Income									56,738	65,408	57,128
Evercore LP Units Purchased or Converted into Class A Shares									(15,142)	(46,594)	(47,263)
Amortization and Vesting of LP Units/Interests									27,890	19,860	14,922
Distributions to Noncontrolling Interests									(54,706)	(41,413)	(36,374)
Issuance of Noncontrolling Interest									3,368	1,165	8,460
Purchase of Noncontrolling Interest									(11,433)	(1,011)	(281)
Other, net									0	0	(221)
Total Other Items									(62,771)	(41,259)	(28,416)
Ending balance	$ 256,534				$ 249,819				$ 256,534	$ 249,819	$ 252,404

Noncontrolling Interest - Additional Information (Details) - USD ($) shares in Thousands, $ in Thousands					12 Months Ended
	May 31, 2019	Mar. 29, 2018	Dec. 11, 2017	Mar. 03, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest					$ (82)	$ (43)	$ 75
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest					595	(160)	$ 3,300
Adjustments to Additional Paid-In-Capital					$ (15,138)	(46,583)
Class A LP Units [Member]
Noncontrolling Interest [Line Items]
Grant of LP Units (in units)					32
LP Unit Purchases [Member]
Noncontrolling Interest [Line Items]
Units Purchased Or Converted Into Class A Common Stock Shares							32
Noncontrolling Interest, Period Increase (Decrease)							$ 2,523
PCA [Member]
Noncontrolling Interest [Line Items]
Issuance of Noncontrolling Interest						770
Purchase of Noncontrolling Interest (as a percent)	10.00%	15.00%		13.00%
Purchase of Noncontrolling Interest	$ 28,382	$ 25,525		$ 7,071
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests					$ 6,674	298	281
Adjustments to Additional Paid-In-Capital					21,708	$ 25,227	$ 8,219
Evercore Wealth Management [Member]
Noncontrolling Interest [Line Items]
Purchase of Noncontrolling Interest (as a percent)	17.00%
Purchase of Noncontrolling Interest	$ 24,533
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests					4,759
Adjustments to Additional Paid-In-Capital					$ 19,774
Evercore Wealth Management [Member] \| Class A LP Units [Member]
Noncontrolling Interest [Line Items]
Grant of LP Units (in units)	31
Purchase of Noncontrolling Interest	$ 2,701
Evercore Wealth Management [Member] \| Cash [Member]
Noncontrolling Interest [Line Items]
Purchase of Noncontrolling Interest	$ 21,832
PCA [Member]
Noncontrolling Interest [Line Items]
Purchase of Noncontrolling Interest (as a percent)			1.00%
Purchase of Noncontrolling Interest			$ 1,429

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Weighted average Class A Shares outstanding, including vested RSUs (in shares)									39,994	40,595	39,641
Basic net income per share attributable to Evercore Inc. common shareholders	$ 2.68	$ 1.09	$ 2.02	$ 1.66	$ 4.07	$ 1.21	$ 1.69	$ 2.36	$ 7.44	$ 9.29	$ 3.16
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Weighted average Class A Shares outstanding, including vested RSUs (in shares)									39,994	40,595	39,641
Diluted weighted average Class A Shares outstanding									43,194	45,279	44,826
Diluted net income per share attributable to Evercore Inc. common shareholders	$ 2.48	$ 1.01	$ 1.88	$ 1.52	$ 3.67	$ 1.08	$ 1.52	$ 2.10	$ 6.89	$ 8.33	$ 2.80
Class A [Member]
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Net income attributable to Evercore Inc. common shareholders									$ 297,436	$ 377,240	$ 125,454
Weighted average Class A Shares outstanding, including vested RSUs (in shares)									39,994	40,595	39,641
Basic net income per share attributable to Evercore Inc. common shareholders									$ 7.44	$ 9.29	$ 3.16
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Net income attributable to Evercore Inc. common shareholders									$ 297,436	$ 377,240	$ 125,454
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above
Diluted net income attributable to Evercore Inc. common shareholders									$ 297,436	$ 377,240	$ 125,454
Weighted average Class A Shares outstanding, including vested RSUs (in shares)									39,994	40,595	39,641
Assumed exchange of LP Units for Class A Shares (in shares)									718	1,378	842
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method (in shares)									2,082	2,906	2,719
Shares that are contingently issuable (in shares)									400	400	1,624
Diluted weighted average Class A Shares outstanding									43,194	45,279	44,826
Diluted net income per share attributable to Evercore Inc. common shareholders									$ 6.89	$ 8.33	$ 2.80

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Additional Information (Details) shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2016	Dec. 31, 2019 USD ($) shares	Dec. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($) shares
Class I-P and K-P Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares that are Contingently Issuable (in shares)		400	400
Class I-P and K-P Units and Class G and H Interests [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares that are Contingently Issuable (in shares)				1,624
LP Units [Member] \| Class A and E LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)		5,254	5,075	5,920
Adjustment to Diluted Net Income Attributable to Class A Common Shareholders if LP Units were Dilutive \| $		$ 39,940	$ 46,060	$ 28,186
LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1	1

Share-Based and Other Deferred Compensation (Details) $ / shares in Units, $ in Thousands		1 Months Ended				3 Months Ended			12 Months Ended						23 Months Ended	24 Months Ended
	Feb. 15, 2020 shares	Jun. 30, 2019 USD ($) shares	Nov. 30, 2017 USD ($) shares	Jul. 31, 2017 vote shares	Nov. 30, 2016 USD ($) tranche Number_Of_Anniversaries shares	Mar. 31, 2020 USD ($) $ / shares shares	Mar. 31, 2017 USD ($) shares	Jun. 30, 2013 shares	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($) payment_installment Installments $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2017 USD ($) $ / shares shares	Dec. 31, 2016 shares	Dec. 31, 2014 USD ($) shares	Feb. 15, 2020 shares	Dec. 31, 2019 USD ($) shares	Mar. 31, 2019 USD ($)	Dec. 31, 2006 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense										$ 93,201	$ 58,430	$ 24,677
Share-based Payment Arrangement, Expense, Tax Benefit										49,251	39,958	53,402
Severance Costs										8,145	9,420	6,655
Termination Costs Incurred										7,756
Payments for Restructuring										6,412
Cash Payments Related to Separation Benefits										6,035	8,565	2,914
Restructuring Reserve										1,151	505					$ 1,151
Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs										2,850	$ 2,024	3,930
Payments for Restructuring										$ 377
LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Limited Partnership Units Convertible Conversion Ratio					1					1
Two Thousand Six Stock Incentive Plan [Member] \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized \| shares																		20,000,000
Number of Additional Shares Authorized (in shares) \| shares								5,000,000
2006 and 2016 Stock Incentive Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) \| shares										2,473,000
Shares Issued During Period (in shares) \| shares										2,598,000
Shares Forfeited During Period (in shares) \| shares										121,000
2016 Stock Incentive Plan [Member] \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Additional Shares Authorized (in shares) \| shares													10,000,000
Number of Shares Available for Grant (in shares) \| shares										2,872,000	5,349,000					2,872,000
Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense										$ 31,931	$ 42,745	31,923
Long Term Incentive Plan Performance Period (in years)										4 years
Number of Payment Installments \| payment_installment										3
Long Term Incentive Plan [Member] \| Second Installment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Distribution Paid										$ 19,516	4,532	34,157
Long Term Incentive Plan [Member] \| Other Noncurrent Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability										$ 97,353						$ 97,353
Class G LP Interests [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin(as a percent)														12.00%
Class G LP Interests [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin(as a percent)														16.00%
Class H LP Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class H Interests Performance Period (in years)										3 years
Class H LP Interests [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin(as a percent)														7.00%
Management Basis EBIT														$ 8,000
Class H LP Interests [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin(as a percent)														17.00%
Management Basis EBIT														$ 48,000
Class J LP Units [Member] \| Acquisition Related [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) \| shares	223,000
Class I-P Units [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)										$ 4,619	4,619	4,619
Grant of I-P Units (in units) \| shares					400,000
Retirement Notice Requirement					1 year
Number of Tranches of Class I-P Units \| tranche					2
Number of Class I-P Units in Each Tranche (in units) \| shares					200,000
Number of Consecutive Trading Days Required for Class I-P Units to Exceed Thresholds					20 days
Grant of I-P Units, Fair Value of Award					$ 24,412
Class K-P Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)										$ 3,690	1,200	197
Limited Partnership Units Convertible Conversion Ratio										1
Grant of K-P Units (in units) \| shares		220,000	64,000
K-P Units to be Granted Upon Achievement of Benchmarks (in units) \| shares			16,000
Grant of K-P Units, Fair Value of Award		$ 14,386	$ 6,250
Class K-P Units [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units) \| shares		120,000
Class K-P Units [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units) \| shares		100,000
LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount										$ 25,958						$ 25,958
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition										14 months
Restricted Stock Units (RSUs) [Member] \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number \| shares										82,000						82,000
Restricted Stock Units (RSUs) [Member] \| 2006 and 2016 Stock Incentive Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)										$ 208,786	$ 171,354	$ 156,353
Shares Vested During Period (in shares) \| shares										2,473,000	2,523,000	2,512,000
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount										$ 266,086						$ 266,086
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition										23 months
Shares Forfeited During Period (in shares) \| shares										121,000	70,000	154,000
Restricted Stock Units (RSUs) [Member] \| 2016 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued During Period (in shares) \| shares										2,598,000	1,968,000	2,813,000
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares										$ 91.04	$ 95.01	$ 78.32
Restricted Stock Units (RSUs) [Member] \| 2016 Stock Incentive Plan [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued During Period (in shares) \| shares						1,900,000
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares						$ 81.53
Deferred Compensation, Vesting Period (in years)						4 years
Restricted Stock Units (RSUs) [Member] \| 2016 Stock Incentive Plan [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares										72.11	81.84	69.10
Restricted Stock Units (RSUs) [Member] \| 2016 Stock Incentive Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares										$ 96.22	$ 114.80	$ 85.68
Deferred Cash Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation, Vesting Period (in years)										4 years
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount											$ 82,592	$ 3,750					$ 93,366
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized										$ 127,242						127,242
Deferred Compensation Arrangement With Individual, Total Compensation Cost Not Yet Recognized Period For Recognition										25 months
Deferred Cash Compensation Program [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation, Vesting Period (in years)						4 years
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount						$ 179,000
Restricted Cash Award [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Retirement Notice Requirement					6 months
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount					$ 35,000
Deferred Compensation Arrangement With Individual Cash Award Tranche One Vesting Amount					11,000
Deferred Compensation Arrangement With Individual Cash Award Tranche Two Vesting Amount					$ 6,000
Awards Vesting Period \| Number_Of_Anniversaries					4
Restricted Cash Award [Member] \| Minimum [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount					$ 8,750
Restricted Cash Award [Member] \| Maximum [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount					$ 35,000
Other Deferred Cash [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount												29,500
Awards Vesting Period \| Installments										5
Long Term Incentive Plan [Member] \| 2017 Long-term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized										$ 60,441						60,441
Employee Loans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense										20,421	17,971	$ 20,969
Deferred Compensation Arrangement with Individual, Recorded Liability										$ 34,073						$ 34,073
Requisite Service Period (in years)										1 year
Maximum Contractual Term (in years)										5 years
Evercore ISI [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Management Basis EBIT Margin(as a percent)												11.70%				14.00%
Management Basis EBIT												$ 26,904				$ 34,357
Evercore ISI [Member] \| Class E LP Units [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Amended in Period (in units) \| shares							19,000
Evercore ISI [Member] \| Class E LP Units [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)												17,962
Evercore ISI [Member] \| Class G LP Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Amended in Period (in units) \| shares							14,000
Evercore ISI [Member] \| Class H LP Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Amended in Period (in units) \| shares							162,000
Evercore ISI [Member] \| Class H LP Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units Outstanding (in units) \| shares				4,148,000
Evercore ISI [Member] \| Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Number of Votes \| vote				1
Evercore ISI [Member] \| Class J LP Units [Member] \| Class B [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues \| shares				1
Evercore ISI [Member] \| Class J LP Units [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) \| shares										1,118,000
Shares Issued During Period (in shares) \| shares										2,000
Shares Forfeited During Period (in shares) \| shares										2,000
Evercore ISI [Member] \| Class J LP Units [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)										$ 18,101	$ 15,054	6,020
Evercore ISI [Member] \| Class G And H Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)							$ (26,224)					(12,897)
Evercore ISI [Member] \| Vested LP Units [Member] \| Class E LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares														710,000
Evercore ISI [Member] \| Vested LP Units [Member] \| Class G LP Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares														538,000
Evercore ISI [Member] \| Vested LP Units [Member] \| Class H LP Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares														2,044,000
Evercore ISI [Member] \| Vested LP Units [Member] \| Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares				1,012,000
Evercore ISI [Member] \| Vested LP Units [Member] \| Class J LP Units [Member] \| Subject to Continued Employment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares				963,000
Evercore ISI [Member] \| Unvested LP Units [Member] \| Class E LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares														710,000
Evercore ISI [Member] \| Unvested LP Units [Member] \| Class G LP Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares														540,000
Evercore ISI [Member] \| Unvested LP Units [Member] \| Class H LP Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares														2,051,000
Evercore ISI [Member] \| Unvested LP Units [Member] \| Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares				938,000
Evercore ISI [Member] \| Modified LP Units and Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense (Reversal of Expense)												3,532
Amended Grant Date Weighted Average Fair Value, Granted												$ 14,891
Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Headcount Reductions (as a percent)						6.00%
Forecast [Member] \| Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs									$ 38,000
Forecast [Member] \| Evercore ISI [Member] \| Class H LP Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interests That Would Vest Related To Acquisition Related Awards Based On Current Performance \| shares															2,005,000
Employee Severance [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Termination Costs Incurred										1,967
Employee Severance [Member] \| Restricted Stock Units (RSUs) [Member] \| Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Termination Costs Incurred										1,272
Employee Severance [Member] \| Cash and Deferred Cash Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Termination Costs Incurred										6,178
Employee Severance [Member] \| Cash and Deferred Cash Compensation [Member] \| Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Termination Costs Incurred										$ 1,578
Employee Severance [Member] \| Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Headcount Reductions (as a percent)						6.00%
Employee Severance [Member] \| Forecast [Member] \| Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs									$ 38,000

Share-Based and Other Deferred Compensation - Summary of Activity Related to Share-Based Awards (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) shares
2006 and 2016 Stock Incentive Plans [Member]
Number of Shares
Unvested Balance at January 1, 2019 \| shares	6,410
Granted \| shares	2,598
Modified \| shares	0
Forfeited \| shares	(121)
Vested \| shares	(2,473)
Unvested Balance at December 31, 2019 (in shares) \| shares	6,414
Grant Date Weighted Average Fair Value [Abstract]
Unvested Balance at January 1, 2019 \| $	$ 468,905
Granted \| $	236,529
Modified \| $	0
Forfeited \| $	(10,376)
Vested \| $	(167,602)
Unvested Balance at December 31, 2019 \| $	$ 527,456
Class J LP Units [Member] \| Evercore ISI [Member] \| Acquisition Related [Member]
Number of Shares
Unvested Balance at January 1, 2019 \| shares	1,265
Granted \| shares	2
Modified \| shares	76
Forfeited \| shares	(2)
Vested \| shares	(1,118)
Unvested Balance at December 31, 2019 (in shares) \| shares	223
Grant Date Weighted Average Fair Value [Abstract]
Unvested Balance at January 1, 2019 \| $	$ 24,181
Granted \| $	176
Modified \| $	4,407
Forfeited \| $	(13)
Vested \| $	(24,440)
Unvested Balance at December 31, 2019 \| $	$ 4,311

Share-Based and Other Deferred Compensation - Schedule of Restructuring Charges (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	$ 505
Termination Costs Incurred	7,756
Cash Benefits Paid	(6,412)
Non-Cash Charges	(698)
Balance at December 31, 2019	$ 1,151

Commitments and Contingencies - Additional Information (Details) shares in Thousands		2 Months Ended		12 Months Ended
	Jul. 26, 2019 USD ($)	May 03, 2019 USD ($)	Mar. 02, 2018 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jun. 24, 2016 USD ($)	Nov. 16, 2015	Jul. 31, 2015 USD ($) shares
Other Commitments [Line Items]
Number of Public Offerings							4
Unfunded Commitments for Capital Contributions				$ 13,767,000
Contractual Obligations Related To Tax Receivable Agreements				94,522,000
Payment To Counterparties To Tax Receivable Agreement Within One Year Or Less				9,570,000
Payment To Counterparties To Tax Receivable Agreement One To Three Years				19,994,000
Payment To Counterparties To Tax Receivable Agreement Three To Five Years				19,863,000
Payment To Counterparties To Tax Receivable Agreement After Five Years				45,095,000
Cash Paid For Contingent Consideration				2,008,000
Business Combination, Contingent Consideration, Liability				296,000
Asset Acquisition, Contingent Consideration, Liability				4,463,000	$ 4,463,000
Asset Acquisition, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration, Liability				400,000	$ 3,971,000
Underwritten Shares (in shares) \| shares								293
Aggregate Offering Price								$ 30,800,000
BBVA Bancomer [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity				$ 7,920,000
BBVA Bancomer [Member] \| Inter-Bank Balance Interest Rate [Member]
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.10%
Secured Line of Credit [Member] \| PNC Bank [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity						$ 30,000,000
Amount Outstanding During Period		$ 30,000,000	$ 30,000,000
Secured Line of Credit [Member] \| PNC Bank [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.25%
Unsecured Line of Credit [Member] \| PNC Bank [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity	$ 20,000,000
Unsecured Line of Credit [Member] \| PNC Bank [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%

- Commitments and Contingencies - Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Cash and Cash Equivalents	$ 633,808	$ 790,590	$ 609,587
Restricted Cash included in Other Assets	10,078	9,506	7,798
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$ 643,886	$ 800,096	$ 617,385	$ 575,637

Regulatory Authorities (Details) - USD ($)	12 Months Ended
Regulatory Authorities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
EGL [Member]
Regulatory Authorities [Line Items]
Broker-Dealer, Minimum Net Capital Required, Alternative Standard	$ 250,000
Broker-Dealer, Net Capital	331,510,000	$ 331,097,000
Broker-Dealer, Excess Net Capital, Alternative Standard	331,260,000	$ 330,847,000
Evercore Trust Company [Member]
Regulatory Authorities [Line Items]
Tier One Capital	5,000,000
Minimum Liquid Assets, Amount	$ 3,500,000
Coverage of Operating Expenses (in days)	180 days

Income Taxes - Income Taxes - Additional Information (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
Taxes Payable	$ 3,400	$ 33,621
Tax Cuts and Jobs Act Of 2017, Incomplete Accounting, Change in Tax Rate, Provisional Income Tax Expense (Benefit)		$ 399	$ 143,261
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Percent		(0.123)	0.271
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount	$ 12,229	$ 23,350	$ 24,003
Effective Income Tax Rate Reconciliation, ASU 2016-09 Benefit for Stock Compensation, Percent	2.70%	4.20%	5.50%
Increase (Decrease) In Net Deferred Tax Assets	$ 27,499
LP Units Exchanged By Employees (in units)	353	1,182
Adjustments to Additional Paid-In-Capital	$ 15,138	$ 46,583
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Unrealized Gain Loss On Marketable Securities In Accumulated Other Comprehensive Income Loss	173	86
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Foreign Currency Translation Adjustment Gain Loss In Accumulated Other Comprehensive Income Loss	1,306	(439)
Tax Credit Carryforward, Amount	6,884
Deferred Tax Assets, Valuation Allowance, Noncurrent	4,600
Unrecognized Tax Benefits	494	$ 0	$ 0	$ 0
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	402
Unrecognized Tax Benefits, Interest on Income Taxes Expense	216
Unrecognized Tax Benefits, Income Tax Penalties Accrued	13
Unrecognized Tax Benefits, Interest on Income Taxes Expense	(41)
Unrecognized Tax Benefits, Income Tax Penalties Expense	(3)
Class A and E LP Units [Member]
Income Taxes [Line Items]
Adjustments to Additional Paid-In-Capital	7,352
Evercore LP [Member]
Income Taxes [Line Items]
Increase (Decrease) In Net Deferred Tax Assets	$ 21,278

Income Taxes - Components of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Income Before Income Tax [Line Items]
Income Before Income Tax Expense	$ 392,482	$ 485,760	$ 383,896
United States [Member]
Schedule Of Income Before Income Tax [Line Items]
Income Before Income Tax Expense	359,496	449,171	379,407
Non-US [Member]
Schedule Of Income Before Income Tax [Line Items]
Income Before Income Tax Expense	$ 32,986	$ 36,589	$ 4,489

Income Taxes - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal									$ 72,712	$ 80,690	$ 85,371
Foreign									6,134	7,360	9,796
State and Local									26,703	24,451	14,955
Total Current									105,549	112,501	110,122
Deferred:
Federal									(2,169)	(4,771)	150,800
Foreign									(5,022)	(61)	(3,464)
State and Local									(3,312)	851	984
Total Deferred									(10,503)	(3,981)	148,320
Total	$ 34,793	$ 20,402	$ 32,030	$ 7,821	$ 60,502	$ 17,539	$ 25,541	$ 4,938	$ 95,046	$ 108,520	$ 258,442

Income Taxes - Reconciliation between Statutory Income Tax Rate and Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. Statutory Tax Rate	21.00%	21.00%	35.00%
Increase Due to State and Local Taxes	4.20%	3.60%	3.10%
Rate Benefits as a Limited Liability Company/Flow Through	(2.50%)	(2.60%)	(2.30%)
Foreign Taxes	(0.10%)	0.20%	(1.10%)
Non-Deductible Expenses(1)	1.60%	1.20%	1.60%
ASU 2016-09 Benefit for Stock Compensation	(2.70%)	(4.20%)	(5.50%)
Tax Cuts and Jobs Act - Reduction to Tax Receivable Agreement Liability	0.00%	0.00%	(5.60%)
Tax Cuts and Jobs Act - Primarily Related to the Re-measurement of Net Deferred Tax Assets	0.00%	0.10%	32.70%
Valuation Allowances	0.30%	0.30%	1.10%
Other Adjustments	(0.60%)	0.10%	0.10%
Effective Income Tax Rate	21.20%	19.70%	59.10%

Income Taxes - Details of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Assets, Gross [Abstract]
Depreciation And Amortization	$ 37,912	$ 33,738
Compensation and Benefits	85,567	61,541
Deferred Tax Assets, Operating Lease	58,497	0
Other	20,617	24,720
Total Deferred Tax Assets	343,858	268,186
Deferred Tax Liabilities, Gross [Abstract]
Deferred Tax Liability, Operating Lease	46,682	0
Goodwill, Intangible Assets and Other	19,012	18,873
Total Deferred Tax Liabilities	65,694	18,873
Net Deferred Tax Assets Before Valuation Allowance	278,164	249,313
Valuation Allowance	(9,573)	(8,221)
Net Deferred Tax Assets	268,591	241,092
Tax Receivable Agreement [Member]
Deferred Tax Assets, Gross [Abstract]
Step up in tax basis due to the exchange of LP Units for Class A Shares	99,979	111,108
Without Tax Receivable Agreement [Member]
Deferred Tax Assets, Gross [Abstract]
Step up in tax basis due to the exchange of LP Units for Class A Shares	$ 41,286	$ 37,079

Income Taxes - Components of Income Tax Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Beginning unrecognized tax benefit	$ 0	$ 0	$ 0
Additions for tax positions of prior years	616	0	0
Reductions for tax positions of prior years	0	0	0
Lapse of statute of limitations	(122)	0	0
Decrease due to settlement with taxing authorities	0	0	0
Ending unrecognized tax benefit	$ 494	$ 0	$ 0

Concentrations of Credit Risk Concentrations of Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Concentration Risk [Line Items]
Securities Purchased Under Agreements to Resell	$ 13,566	$ 2,696
Securities Sold Under Agreements to Repurchase	$ 26,000	25,075
Investment Banking And Investment Management Receivables Collection Periods	90 days
Placement Fees Receivables Collection Period	180 days
Private Funds Capital Raising Receivables Collection Period	1 year
Collection Period For Restructuring Transactions	90 days
Receivables Reflected in Other Assets in Excess of Period	1 year
Accounts Receivable, Net of Allowance	$ 296,355	309,075
Contract with Customer, Receivable, Net, Noncurrent	63,554	60,948	$ 34,008
Bad Debt Expense	10,451	3,365	2,579
Contract with Customer, Asset, Gross, Current	31,525	2,833	0
Contract with Customer, Asset, Gross, Noncurrent	2,504	541	$ 0
Investment Securities	$ 409,150	204,627
Percentage Of Marketable Securities Related To Corporate And Municipal Bonds And Other Debt Securities	84.00%
Percentage Of Marketable Securities Related To Equity Securities, Exchange Traded Funds And Mutual Funds	16.00%
Asset (Liability) Balance [Member]
Concentration Risk [Line Items]
Securities Purchased Under Agreements to Resell	$ 13,566	2,696
Securities Sold Under Agreements to Repurchase	26,000	25,075
Market Value of Collateral Received or (Pledged) [Member]
Concentration Risk [Line Items]
Securities Purchased Under Agreements to Resell	13,572	2,701
Securities Sold Under Agreements to Repurchase	$ 25,992	$ 25,099

Segment Operating Results - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019 segment
Segment Reporting [Abstract]
Number of reporting segments	2

Segment Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net Revenues	$ 660,127	$ 402,198	$ 531,046	$ 415,327	$ 771,406	$ 381,259	$ 448,477	$ 463,563	$ 2,008,698	$ 2,064,705	$ 1,704,349
Operating Expenses									1,534,122	1,492,241	1,227,573
Other Expenses									36,865	30,387	47,965
Income Before Income from Equity Method Investments and Income Taxes	156,723	70,344	126,834	83,810	250,206	74,540	104,782	112,549	437,711	542,077	428,811
Income from Equity Method Investments	3,770	2,562	2,453	2,211	2,452	2,298	2,419	2,125	10,996	9,294	8,838
Pre-Tax Income	160,493	$ 72,906	$ 129,287	$ 86,021	252,658	$ 76,838	$ 107,201	$ 114,674	448,707	551,371	437,649
Identifiable Segment Assets	2,598,613				2,125,667				2,598,613	2,125,667	1,584,886
Investment Banking [Member]
Segment Reporting Information [Line Items]
Net Revenues									1,951,795	2,012,023	1,634,268
Operating Expenses									1,485,477	1,448,301	1,175,927
Other Expenses									33,618	30,366	35,810
Income Before Income from Equity Method Investments and Income Taxes									432,700	533,356	422,531
Income from Equity Method Investments									916	518	277
Pre-Tax Income									433,616	533,874	422,808
Identifiable Segment Assets	2,393,647				1,923,783				2,393,647	1,923,783	1,294,103
Investment Management [Member]
Segment Reporting Information [Line Items]
Net Revenues									56,903	52,682	70,081
Operating Expenses									48,645	43,940	51,646
Other Expenses									3,247	21	12,155
Income Before Income from Equity Method Investments and Income Taxes									5,011	8,721	6,280
Income from Equity Method Investments									10,080	8,776	8,561
Pre-Tax Income									15,091	17,497	14,841
Identifiable Segment Assets	$ 204,966				$ 201,884				$ 204,966	$ 201,884	$ 290,783

Segment Operating Results - (Footnotes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Other Revenue, net	$ 25,315	$ 1,280	$ 68,832
Adjustments to Tax Receivable Agreements	0	0	77,535
Gain (Loss) on Disposition of Business	0	0	7,808
Net Realized And Unrealized Gains On Private Equity Fund Investments	(790)	(397)	(915)
Special Charges	10,141	5,012	25,437
Acquisition and Transition Costs	1,013	21	1,673
Total Other Expenses	36,865	30,387	47,965
Investment Banking [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	19,023	(3,156)	58,399
Interest expense on Notes Payable, Subordinated Borrowing and Line of Credit	12,917	9,201	9,960
Adjustments to Tax Receivable Agreements			77,535
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			16,266
Amortization of LP Units/Interests and Certain Other Awards	18,183	15,241	11,444
Special Charges	7,202	5,012	14,400
Acquisition and Transition Costs	705	0	555
Fair Value of Contingent Consideration	0	1,485	0
Intangible Asset and Other Amortization	7,528	8,628	9,411
Total Other Expenses	33,618	30,366	35,810
Investment Management [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	6,292	4,436	10,433
Gain (Loss) on Disposition of Business			7,808
Special Charges	2,939	0	11,037
Acquisition and Transition Costs	308	21	1,118
Total Other Expenses	$ 3,247	$ 21	12,155
Other Revenue, Including Interest and Investments [Member]
Segment Reporting Information [Line Items]
Principal Trading Gains (Losses)			(701)
Net Realized And Unrealized Gains On Private Equity Fund Investments			2,037
Other Revenue, Including Interest and Investments [Member] \| Investment Banking [Member]
Segment Reporting Information [Line Items]
Principal Trading Gains (Losses)			(701)
Other Revenue, Including Interest and Investments [Member] \| Investment Management [Member]
Segment Reporting Information [Line Items]
Net Realized And Unrealized Gains On Private Equity Fund Investments			$ 2,037

Segment Operating Results - Revenues Derived from Clients by Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net Revenues	$ 1,983,383	$ 2,063,425	$ 1,635,517
United States [Member]
Segment Reporting Information [Line Items]
Net Revenues	1,464,551	1,591,883	1,199,231
Europe And Other [Member]
Segment Reporting Information [Line Items]
Net Revenues	501,425	438,602	422,271
Latin America [Member]
Segment Reporting Information [Line Items]
Net Revenues	$ 17,407	$ 32,940	$ 14,015

Segment Operating Results - Assets by Geographic Area (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 2,598,613	$ 2,125,667	$ 1,584,886
United States [Member]
Segment Reporting Information [Line Items]
Assets	2,158,347	1,757,589
Europe And Other [Member]
Segment Reporting Information [Line Items]
Assets	373,822	298,917
Latin America [Member]
Segment Reporting Information [Line Items]
Assets	$ 66,444	$ 69,161

Evercore Inc. (Parent Company Only) Financial Statements Evercore Inc. (Parent Company Only) Financial Statements - Additional Information (Details)		1 Months Ended	3 Months Ended								12 Months Ended
	Aug. 01, 2019 USD ($)	Nov. 30, 2016	Dec. 31, 2019 USD ($) $ / shares shares	Sep. 30, 2019 $ / shares	Jun. 30, 2019 $ / shares	Mar. 31, 2019 $ / shares	Dec. 31, 2018 $ / shares shares	Sep. 30, 2018 $ / shares	Jun. 30, 2018 $ / shares	Mar. 31, 2018 $ / shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares	Aug. 01, 2019 GBP (£)	Mar. 30, 2016 USD ($)
Condensed Financial Statements, Captions [Line Items]
Treasury Stock, Shares, Acquired (in shares) \| shares											3,399,000	3,106,000
Increase in Treasury Stock											$ 283,081,000	$ 289,681,000
Dividends Declared Per Share of Class A Common Stock (in dollars per share) \| $ / shares			$ 0.58	$ 0.58	$ 0.58	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.40	$ 2.24	$ 1.90
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) \| $ / shares											$ 2.24	$ 1.90
Declared and Paid Dividends, Cash											$ 89,407,000	$ 77,302,000
Contractual Obligations Related To Tax Receivable Agreements			$ 94,522,000								94,522,000
Payment To Counterparties To Tax Receivable Agreement Within One Year Or Less			9,570,000								9,570,000
Payment To Counterparties To Tax Receivable Agreement One To Three Years			19,994,000								19,994,000
Payment To Counterparties To Tax Receivable Agreement Three To Five Years			19,863,000								19,863,000
Payment To Counterparties To Tax Receivable Agreement After Five Years			45,095,000								45,095,000
Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long Term Debt Maturities Repayments Of Principal And Interest			519,690,000								519,690,000
Long Term Debt Maturities Repayments Of Principal And Interest In Next Twelve Months			$ 19,871,000								$ 19,871,000
Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock, Shares, Acquired (in shares) \| shares											2,360,000	2,021,000
Share Repurchase Program [Member] \| Minimum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 73.18	$ 80.05
Share Repurchase Program [Member] \| Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 92.33	$ 112.30
Net Settlement of Share Based Awards [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock, Shares, Acquired (in shares) \| shares											1,039,000	1,085,000
Net Settlement of Share Based Awards [Member] \| Minimum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 71.11	$ 79.47
Net Settlement of Share Based Awards [Member] \| Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 96.22	$ 115.30
Class A [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized \| shares			1,000,000,000				1,000,000,000				1,000,000,000	1,000,000,000
Common Stock, Par Value (in dollars per share) \| $ / shares			$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued \| shares			68,698,675				65,872,014				68,698,675	65,872,014
Class B [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized \| shares			1,000,000				1,000,000				1,000,000	1,000,000
Common Stock, Par Value (in dollars per share) \| $ / shares			$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued \| shares			84				86				84	86
LP Units [Member]
Condensed Financial Statements, Captions [Line Items]
Limited Partnership Units Convertible Conversion Ratio		1									1
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share) \| $ / shares											$ 2.24
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) \| $ / shares											$ 2.24
Declared and Paid Dividends, Cash											$ 89,407,000
Accrued Deferred Cash Dividends											14,642,000
Contractual Obligations Related To Tax Receivable Agreements			$ 94,522,000								94,522,000
Payment To Counterparties To Tax Receivable Agreement Within One Year Or Less			9,570,000								9,570,000
Payment To Counterparties To Tax Receivable Agreement One To Three Years			19,994,000								19,994,000
Payment To Counterparties To Tax Receivable Agreement Three To Five Years			19,863,000								19,863,000
Payment To Counterparties To Tax Receivable Agreement After Five Years			45,095,000								45,095,000
Parent Company [Member] \| Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross														$ 170,000,000
Long-term Debt, Weighted Average Life	12 years
Long-term Debt, Weighted Average Interest Rate, at Point in Time (as a percent)	4.26%												4.26%
Long Term Debt Maturities Repayments Of Principal And Interest			519,690,000								519,690,000
Long Term Debt Maturities Repayments Of Principal And Interest In Next Twelve Months			19,871,000								19,871,000
Long Term Debt Maturities Repayments Of Principal And Interest In One To Three Years			70,587,000								70,587,000
Long Term Debt Maturities Repayments Of Principal And Interest In Three To Five Years			93,404,000								93,404,000
Long Term Debt Maturities Repayments Of Principal And Interest After Five Years			$ 335,828,000								$ 335,828,000
Parent Company [Member] \| Series A Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross														$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage														4.88%
Parent Company [Member] \| Series B Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross														$ 67,000,000
Debt Instrument, Interest Rate, Stated Percentage														5.23%
Parent Company [Member] \| Series C Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross														$ 48,000,000
Debt Instrument, Interest Rate, Stated Percentage														5.48%
Parent Company [Member] \| Series D Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross														$ 17,000,000
Debt Instrument, Interest Rate, Stated Percentage														5.58%
Parent Company [Member] \| Series E Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 75,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.34%												4.34%
Parent Company [Member] \| Series F Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 60,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.44%												4.44%
Parent Company [Member] \| Series G Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 40,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.54%												4.54%
Parent Company [Member] \| Series H Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross \| £													£ 25,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.33%												3.33%
Parent Company [Member] \| United States of America, Dollars \| Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross	$ 175,000,000
Parent Company [Member] \| United Kingdom, Pounds \| Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Long-term Debt, Gross \| £													£ 25,000,000
Parent Company [Member] \| Class A [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized \| shares			1,000,000,000				1,000,000,000				1,000,000,000	1,000,000,000
Common Stock, Par Value (in dollars per share) \| $ / shares			$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued \| shares			68,698,675				65,872,014				68,698,675	65,872,014
Increase in Treasury Stock											$ 283,081,000
Parent Company [Member] \| Class A [Member] \| Share Repurchase Program [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock, Shares, Acquired (in shares) \| shares											2,360,000
Parent Company [Member] \| Class A [Member] \| Share Repurchase Program [Member] \| Minimum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 73.18
Parent Company [Member] \| Class A [Member] \| Share Repurchase Program [Member] \| Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 92.33
Parent Company [Member] \| Class A [Member] \| Net Settlement of Share Based Awards [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock, Shares, Acquired (in shares) \| shares											1,039,000
Parent Company [Member] \| Class A [Member] \| Net Settlement of Share Based Awards [Member] \| Minimum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 71.11
Parent Company [Member] \| Class A [Member] \| Net Settlement of Share Based Awards [Member] \| Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Treasury Stock Acquired, Market Value Per Share (in dollars per share) \| $ / shares											$ 96.22
Parent Company [Member] \| Class B [Member]
Condensed Financial Statements, Captions [Line Items]
Common Stock, Shares Authorized \| shares			1,000,000				1,000,000				1,000,000	1,000,000
Common Stock, Par Value (in dollars per share) \| $ / shares			$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, Shares Issued \| shares			84				86				84	86
Common Stock Shares Cancelled (in shares) \| shares			1								1
Parent Company [Member] \| LP Units [Member]
Condensed Financial Statements, Captions [Line Items]
Limited Partnership Units Convertible Conversion Ratio											1
Dividend Paid [Member]
Condensed Financial Statements, Captions [Line Items]
Accrued Deferred Cash Dividends											$ 7,396,000
Dividend Paid [Member] \| Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Accrued Deferred Cash Dividends											$ 7,396,000

Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Financial Condition (Parent Company Only) - (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets
Deferred Tax Assets	$ 268,591	$ 241,092
Goodwill	130,758	131,387	$ 134,231
Total Assets	2,598,613	2,125,667	$ 1,584,886
Liabilities
Taxes Payable	3,400	33,621
Other Current Liabilities	15,517	19,031
Total Current Liabilities	668,653	749,691
Amounts Due Pursuant to Tax Receivable Agreements	84,952	94,411
Notes Payable	375,062	168,612
Total Liabilities	1,472,363	1,117,728
Evercore Inc. Stockholders' Equity
Additional Paid-In-Capital	2,016,524	1,818,100
Accumulated Other Comprehensive Income (Loss)	(27,596)	(30,434)
Retained Earnings	558,269	364,882
Treasury Stock at Cost	(1,678,168)	(1,395,087)
Total Evercore Inc. Stockholders' Equity	869,716	758,120
Total Liabilities and Equity	2,598,613	2,125,667
Parent Company [Member]
Assets
Equity Investment In Subsidiary	1,066,398	824,239
Deferred Tax Assets	244,965	223,936
Goodwill	15,236	15,236
Other Assets	18,704	0
Total Assets	1,345,303	1,063,411
Liabilities
Payable to Related Party	9,570	9,161
Taxes Payable	0	30,749
Other Current Liabilities	6,003	2,358
Total Current Liabilities	15,573	42,268
Amounts Due Pursuant to Tax Receivable Agreements	84,952	94,411
Notes Payable	375,062	168,612
Total Liabilities	475,587	305,291
Evercore Inc. Stockholders' Equity
Additional Paid-In-Capital	2,016,524	1,818,100
Accumulated Other Comprehensive Income (Loss)	(27,596)	(30,434)
Retained Earnings	558,269	364,882
Treasury Stock at Cost	(1,678,168)	(1,395,087)
Total Evercore Inc. Stockholders' Equity	869,716	758,120
Total Liabilities and Equity	1,345,303	1,063,411
Class A [Member]
Evercore Inc. Stockholders' Equity
Common Stock	687	659
Class A [Member] \| Parent Company [Member]
Evercore Inc. Stockholders' Equity
Common Stock	687	659
Class B [Member]
Evercore Inc. Stockholders' Equity
Common Stock	0	0
Class B [Member] \| Parent Company [Member]
Evercore Inc. Stockholders' Equity
Common Stock	$ 0	$ 0

Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Financial Condition (Parent Company Only) - Additional Information (Details) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Condensed Balance Sheet Statements, Captions [Line Items]
Treasury Stock at Cost, shares	29,522,665	26,123,438
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Treasury Stock at Cost, shares	29,522,665	26,123,438
Class A [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	68,698,675	65,872,014
Common Stock, Shares Outstanding	39,176,010	39,748,576
Class A [Member] \| Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	68,698,675	65,872,014
Common Stock, Shares Outstanding	39,176,010	39,748,576
Class B [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares Issued	84	86
Common Stock, Shares Outstanding	84	86
Class B [Member] \| Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares Issued	84	86
Common Stock, Shares Outstanding	84	86

Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Operations (Parent Company Only) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues
Other Revenue, Including Interest and Investments									$ 45,454	$ 19,051	$ 88,828
Total Revenues									2,028,837	2,082,476	1,724,345
Interest Expense									20,139	17,771	19,996
Net Revenues	$ 660,127	$ 402,198	$ 531,046	$ 415,327	$ 771,406	$ 381,259	$ 448,477	$ 463,563	2,008,698	2,064,705	1,704,349
Expenses
Total Expenses	503,404	331,854	404,212	331,517	521,200	306,719	343,695	351,014	1,570,987	1,522,628	1,275,538
Provision for Income Taxes	34,793	20,402	32,030	7,821	60,502	17,539	25,541	4,938	95,046	108,520	258,442
Net Income	$ 125,700	$ 52,504	$ 97,257	$ 78,200	$ 192,156	$ 59,299	$ 81,660	$ 109,736	353,661	442,851	179,207
Parent Company [Member]
Revenues
Other Revenue, Including Interest and Investments									12,915	9,202	86,784
Total Revenues									12,915	9,202	86,784
Interest Expense									12,915	9,202	9,249
Net Revenues									0	0	77,535
Expenses
Total Expenses									0	0	0
Operating Income									0	0	77,535
Equity In Income Of Subsidiary									383,717	473,978	287,440
Provision for Income Taxes									86,281	96,738	239,521
Net Income									$ 297,436	$ 377,240	$ 125,454

Evercore Inc. (Parent Company Only) Financial Statements - Condensed Statements of Cash Flows (Parent Company Only) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 125,700	$ 52,504	$ 97,257	$ 78,200	$ 192,156	$ 59,299	$ 81,660	$ 109,736	$ 353,661	$ 442,851	$ 179,207
Adjustment to Tax Receivable Agreement									0	0	(77,535)
Increase (Decrease) in Deferred Income Taxes									(10,503)	(3,981)	148,320
Increase (Decrease) in Other Operating Assets									(58,962)	(21,830)	(10,982)
Taxes Payable									(30,221)	16,099	(10,849)
Net Cash Provided by Operating Activities									504,697	849,574	507,236
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Provided by (Used in) Investing Activities									(373,471)	(212,566)	(54,641)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of Notes Payable									205,718	0	0
Payments of Ordinary Dividends, Common Stock									(96,803)	(77,302)	(56,521)
Net Cash Provided by (Used in) Financing Activities									(290,009)	(452,927)	(419,230)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash									(156,210)	182,711	41,748
Cash, Cash Equivalents and Restricted Cash-Beginning of Period	643,886				800,096				643,886	800,096	617,385	$ 575,637
SUPPLEMENTAL CASH FLOW DISCLOSURE
Accrued Dividends									14,642	12,288	9,815
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income									297,436	377,240	125,454
Undistributed Income Of Subsidiary									(383,717)	(473,978)	(209,905)
Adjustment to Tax Receivable Agreement									0	0	(77,535)
Increase (Decrease) in Deferred Income Taxes									(3,966)	(5,311)	153,344
Accretion On Long Term Debt									336	265	250
Increase (Decrease) in Other Operating Assets									(18,704)	9,689	(9,689)
Taxes Payable									(30,749)	30,749	(21,341)
Net Cash Provided by Operating Activities									(139,364)	(61,346)	(39,422)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment In Subsidiary									30,449	138,648	95,943
Net Cash Provided by (Used in) Investing Activities									30,449	138,648	95,943
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of Notes Payable									205,718	0	0
Payments of Ordinary Dividends, Common Stock									(96,803)	(77,302)	(56,521)
Net Cash Provided by (Used in) Financing Activities									108,915	(77,302)	(56,521)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash									0	0	0
Cash, Cash Equivalents and Restricted Cash-Beginning of Period	$ 0				$ 0				0	0	0	$ 0
SUPPLEMENTAL CASH FLOW DISCLOSURE
Accrued Dividends									$ 14,642	$ 12,288	$ 9,815

Supplemental Financial Information Supplemental Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Net Revenues	$ 660,127	$ 402,198	$ 531,046	$ 415,327	$ 771,406	$ 381,259	$ 448,477	$ 463,563	$ 2,008,698	$ 2,064,705	$ 1,704,349
Total Expenses	503,404	331,854	404,212	331,517	521,200	306,719	343,695	351,014	1,570,987	1,522,628	1,275,538
Income Before Income from Equity Method Investments and Income Taxes	156,723	70,344	126,834	83,810	250,206	74,540	104,782	112,549	437,711	542,077	428,811
Income from Equity Method Investments	3,770	2,562	2,453	2,211	2,452	2,298	2,419	2,125	10,996	9,294	8,838
Income Before Income Taxes	160,493	72,906	129,287	86,021	252,658	76,838	107,201	114,674	448,707	551,371	437,649
Provision for Income Taxes	34,793	20,402	32,030	7,821	60,502	17,539	25,541	4,938	95,046	108,520	258,442
Net Income	125,700	52,504	97,257	78,200	192,156	59,299	81,660	109,736	353,661	442,851	179,207
Net Income Attributable to Noncontrolling Interest	20,516	9,226	15,515	10,968	28,851	9,838	12,729	14,193	56,225	65,611	53,753
Net Income Attributable to Evercore Inc.	$ 105,184	$ 43,278	$ 81,742	$ 67,232	$ 163,305	$ 49,461	$ 68,931	$ 95,543	$ 297,436	$ 377,240	$ 125,454
Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Basic (in dollars per share)	$ 2.68	$ 1.09	$ 2.02	$ 1.66	$ 4.07	$ 1.21	$ 1.69	$ 2.36	$ 7.44	$ 9.29	$ 3.16
Diluted (in dollars per share)	2.48	1.01	1.88	1.52	3.67	1.08	1.52	2.10	6.89	8.33	$ 2.80
Dividends Declared Per Share of Class A Common Stock (in dollars per share)	$ 0.58	$ 0.58	$ 0.58	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.40	$ 2.24	$ 1.90