← Perella Weinberg Partners

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income (loss) ($164.0m) ($24.3m) $4.0m ($31.7m) ($111.8m) ($89.3m) $48.0m
Net Income From Continuing Operations — — — ($31.7m) ($111.8m) ($89.3m) $48.0m
Depreciation and amortization $15.9m $15.5m $14.5m $10.7m $14.7m $20.4m $20.8m
Depreciation Amortization Depletion — — — $10.7m $14.7m $20.4m $20.8m
Deferred taxes $692k ($564k) ($3.7m) ($2.7m) ($2.1m) ($2.5m) $2.5m
Deferred tax effect resulting from changes in ownership and exchanges of PWP OpCo Units, net of amounts payable under tax receivable agreement — $0 $0 $1.4m $1.5m $8.5m $8.6m
Deferred Income Tax — — — ($2.7m) ($2.1m) ($2.5m) $2.5m
Deferred Tax — — — ($2.7m) ($2.1m) ($2.5m) $2.5m
Asset Impairment Charge — — — $2.2m $2.3m $5.7m $1.7m
Non-cash operating lease expense $14.5m $17.1m $17.4m $15.9m $12.9m $10.3m $10.6m
Equity-based awards vesting expense $193.3m $24.8m $97.0m $156.4m $184.5m $188.9m $110.5m
Foreign currency revaluation — $0 $0 ($4.7m) $2.5m $575k $543k
Bad debt expense $2.3m $3.0m $646k $2.2m $2.3m $5.7m $1.7m
Other ($1.8m) $0 $0 ($500k) $488k ($2.3m) $0
Accounts receivable, net of allowance ($2.7m) $27.5m ($7.1m) ($24.3m) $18.8m ($32.8m) $12.2m
Due from related parties ($1.2m) $1.5m ($3.6m) $864k ($213k) $338k $26k
Prepaid expenses and other assets ($1.3m) $3.1m ($15.2m) ($14.4m) $4.3m $1.2m ($16.9m)
Accrued compensation and benefits ($148.4m) $19.3m $103.9m ($91.4m) $15.9m $93.4m ($120.4m)
Accounts payable, accrued expenses and other liabilities ($5.6m) $3.0m $7.8m ($3.3m) ($1.4m) $21.0m ($24.5m)
Lease liabilities ($15.4m) ($19.5m) ($18.1m) ($7.6m) $7.0m $5.6m ($11.1m)
Payment for Devon Park Acquisition, net of cash acquired — — — — $0 $0 ($18.9m)
Purchases of fixed assets ($7.4m) ($5.5m) ($1.5m) ($26.6m) ($57.6m) ($16.4m) ($4.3m)
Exchange of PWP OpCo Units and corresponding Class B common stock for cash — $0 $0 ($36.5m) $0 ($63.4m) ($28.3m)
Distributions to partners ($38.4m) ($12.0m) ($65.9m) ($44.5m) ($14.2m) ($18.3m) ($4.2m)
Withholding tax payments for vested PWP Incentive Plan Awards and equity-classified ACUs $0 $0 ($10.5m) ($9.7m) ($16.7m) ($82.9m) ($78.1m)
Treasury stock purchases $0 $0 ($12.0m) ($68.5m) ($22.5m) ($15.0m) ($33.7m)
Payments pursuant to tax receivable agreement — — $0 $0 ($472k) ($1.1m) ($1.4m)
Lease liabilities arising from obtaining right-of-use lease assets $2.3m $14.2m $4.1m $131.2m $2.3m $6.7m $7.8m
Accrued distributions to partners — — — $0 $0 $4.2m $0
Accrued capital expenditures — $0 $0 $16.4m $11.3m $865k $1.9m
Accrued dividend equivalents and dividend equivalent units on unvested PWP Incentive Plan Awards — $0 $2.7m $5.7m $7.3m $6.8m $6.0m
Non-cash paydown of Partner promissory notes — $0 $0 $2.6m $1.5m $3.9m $534k
Reclassification of liability-classified equity-based awards — — — $0 $0 $6.7m $0
Beginning Cash Position — — — $504.8m $174.2m $250.1m $332.8m
Cash Flow From Continuing Financing Activities — — — ($136.8m) ($67.0m) ($137.3m) ($168.6m)
Cash Flow From Continuing Investing Activities — — — ($166.2m) ($5.8m) ($98k) $51.7m
Change In Account Payable — — — ($5.8m) ($1.4m) $21.0m ($24.5m)
Change In Accrued Expense — — — ($97.1m) $15.9m $93.4m ($120.4m)
Change In Other Current Liabilities — — — ($7.6m) $7.0m $5.6m ($11.1m)
Change In Other Working Capital — — $97.9m ($99.6m) $15.9m — —
Change In Payable — — — ($5.8m) ($1.4m) $21.0m ($24.5m)
Change In Payables And Accrued Expense — — — ($102.9m) $14.5m $114.3m ($144.8m)
Change In Prepaid Assets — — — ($14.4m) $4.3m $1.2m ($16.9m)
Change In Receivables — — — ($23.5m) $18.6m ($32.5m) $12.3m
Change In Working Capital — — — ($148.4m) $44.5m $88.6m ($160.6m)
Changes In Account Receivables — — — ($24.3m) $18.8m ($32.8m) $12.2m
Changes In Cash — — — ($320.8m) $73.0m $86.0m ($82.0m)
End Cash Position — — — $174.2m $250.1m $332.8m $257.1m
Financing Cash Flow — — — ($136.8m) ($67.0m) ($137.3m) ($168.6m)
Free Cash Flow — — — ($44.3m) $88.3m $207.0m $30.5m
Gain Loss On Investment Securities — — $4.9m ($15.8m) — — —
Investing Cash Flow — — — ($166.2m) ($5.8m) ($98k) $51.7m
Issuance Of Capital Stock — — — $35.2m $0 $66.0m $0
Net Business Purchase And Sale — — — — $0 $0 ($18.9m)
Net Foreign Currency Exchange Gain Loss — — — ($4.7m) $2.5m $575k $543k
Net PPE Purchase And Sale — — — ($26.6m) ($57.6m) ($16.4m) ($4.3m)
Operating Gains Losses — — — ($20.5m) $2.5m $575k $543k
Other Non Cash Items — — — $16.4m $11.4m $11.0m $11.4m
Purchase Of Business — — — — $0 $0 ($18.9m)
Purchase Of PPE — — — ($26.6m) ($57.6m) ($16.4m) ($4.3m)
Repurchase Of Capital Stock — — — ($105.0m) ($22.5m) ($78.4m) ($61.9m)
Stock Based Compensation — — — $156.4m $184.5m $188.9m $110.5m
Net cash provided by (used in) operating activities: ($977) ($508k) $234.9m ($17.8m) $145.9m $223.4m $34.8m
Capital Expenditure — — — ($26.6m) ($57.6m) ($16.4m) ($4.3m)
Purchases of investments in short-term marketable debt securities — $0 $0 $139.2m ($89.3m) ($74.9m) $0
Net Investment Purchase And Sale — — — ($139.2m) $51.3m $16.3m $74.9m
Purchase Of Investment — — — ($139.2m) ($89.3m) ($74.9m) $0
Maturities of investments in short-term marketable debt securities — — $0 $0 $140.6m $91.2m $74.9m
Sale Of Investment — — — $0 $140.6m $91.2m $74.9m
Net Other Investing Changes — — ($978k) ($500k) $488k — —
Net cash provided by (used in) investing activities ($7.3m) ($230.0m) ($2.4m) ($166.2m) ($5.8m) ($98k) $51.7m
Issuance Of Debt — — $1.8m $0 $0 — —
Long Term Debt Issuance — — $1.8m $0 $0 — —
Net Issuance Payments Of Debt — — ($186.9m) $0 $0 — —
Net Long Term Debt Issuance — — ($159.2m) $0 $0 — —
Net Short Term Debt Issuance — — ($27.7m) $0 $0 — —
Short Term Debt Issuance — — $0 $0 — — —
Long Term Debt Payments — — ($160.9m) $0 $0 — —
Repayment Of Debt — — ($188.6m) $0 $0 — —
Short Term Debt Payments — — ($27.7m) $0 $0 — —
Proceeds from issuance of Class A common stock in public offering, net of underwriting discount and offering costs — $0 $0 $36.5m $0 $66.0m $0
Common Stock Issuance — — — $35.2m $0 $66.0m $0
Net Common Stock Issuance — — — ($69.8m) ($22.5m) ($12.4m) ($61.9m)
Common Stock Payments — — — ($105.0m) ($22.5m) ($78.4m) ($61.9m)
Dividends paid on Class A and Class B common stock $0 $0 ($6.0m) ($12.8m) ($13.1m) ($20.3m) ($22.9m)
Cash Dividends Paid — — — ($57.3m) ($27.3m) ($38.6m) ($27.1m)
Common Stock Dividend Paid — — — ($57.3m) ($27.3m) ($38.6m) ($27.1m)
Net Other Financing Charges — — — ($9.7m) ($17.2m) ($86.3m) ($79.5m)
Net cash provided by (used in) financing activities $12k $231.7m ($55.0m) ($136.8m) ($67.0m) ($137.3m) ($168.6m)
Effect of exchange rate changes on cash, cash equivalents and restricted cash $1.6m $5.9m ($3.6m) ($9.8m) $2.9m ($3.3m) $6.3m
Effect Of Exchange Rate Changes — — — ($9.8m) $2.9m ($3.3m) $6.3m
Net increase (decrease) in cash, cash equivalents and restricted cash ($141.9m) $64.3m $173.9m ($330.6m) $75.9m $82.7m ($75.7m)
Cash, cash equivalents and restricted cash, beginning of period $266.6m $330.9m $504.8m $174.2m $250.1m $332.8m $257.1m
Change In Cash Supplemental As Reported — — — ($330.6m) $75.9m $82.7m ($75.7m)
Interest Paid Supplemental Data — — $5.5m $127k $127k — —
Cash paid for income taxes $1.7m $2.2m $12.5m $26.0m $4.6m $10.3m $9.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.