7 unchanged sentences
Dividend Policy
−Removed: The Company paid quarterly cash dividends of $0.61 per share of Class A common stock for the quarter ended December 31, 2020, $0.58 per share for the quarters ended September 30, 2020, June 30, 2020, March 31, 2020, December 31, 2019, September 30, 2019 and June 30, 2019 and $0.50 per share for the quarter ended March 31, 2019.
−Removed: We pay 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 common shares, on all unvested RSU grants awarded in conjunction with annual bonuses and new hire awards.
+Added: The Company paid quarterly cash dividends of $0.68 per share of Class A common stock for the quarters ended December 31, 2021, September 30, 2021 and June 30, 2021, $0.61 per share for the quarters ended March 31, 2021 and December 31, 2020 and $0.58 per share for the quarters ended September 30, 2020, June 30, 2020 and March 31, 2020.
+Added: We pay 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 common shares, on all unvested RSU grants.
The dividend equivalents have the same vesting and delivery terms as the underlying RSU award.
34 unchanged sentences
(1) Includes the repurchase of 917,196, 17,191, 20,607 and 39,890 shares in treasury transactions arising from net settlement of equity awards to satisfy minimum tax obligations during the three months ended March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021, respectively.
−Removed: (2) On October 23, 2017, our Board of Directors authorized (in addition to the net settlement of equity awards) the repurchase of Class A Shares and/or LP Units so that from that date forward, Evercore is able to repurchase an aggregate of the lesser of $750.0 million worth of Class A Shares and/or LP Units and 8.5 million Class A Shares and/or LP Units.
+Added: (2) On October 23, 2017, our Board of Directors authorized (in addition to the net settlement of equity awards) the repurchase of Class A Shares and/or LP Units so that from that date forward, we were able to repurchase an aggregate of the lesser of $750.0 million worth of Class A Shares and/or LP Units and 8.5 million Class A Shares and/or LP Units.
+Added: Further, on April 27, 2021, our Board of Directors authorized (in addition to the net settlement of equity awards) the repurchase of Class A Shares and/or LP Units so that from that date forward, we are able to repurchase an aggregate of the lesser of $750.0 million worth of Class A Shares and/or LP Units and 8.5 million Class A Shares and/or LP Units.
+Added: In addition, on February 22, 2022, our Board of Directors authorized (in addition to the net settlement of equity awards) the repurchase of Class A Shares and/or LP Units so that from that date forward, we are able to repurchase an aggregate of the lesser of $1.4 billion worth of Class A Shares and/or LP Units and 10.0 million Class A Shares and/or LP Units.
Under this share repurchase program, shares may be repurchased from time to time in open market transactions, in privately-negotiated transactions or otherwise.
2 unchanged sentences
Information relating to compensation plans under which the Company's equity securities are authorized for issuance is set forth in Part III, Item 12 of this report.
−Removed: Selected Financial Data
−Removed: The following table sets forth the historical selected financial data for the Company for all periods presented.
−Removed: For more information on our historical financial information, see Item 7.
−Removed: "Management's Discussion and Analysis of Financial Condition and Results of Operations" and Item 8.
−Removed: "Financial Statements and Supplementary Data." During 2018, certain balances for prior periods were reclassified to conform to their current presentation.
−Removed: We disaggregated "Investment Banking Revenue" into "Advisory Fees," "Underwriting Fees" and "Commissions and Related Fees" and renamed "Investment Management Revenue" to "Asset Management and Administration Fees," which includes management fees from our wealth management and institutional asset management businesses.
−Removed: On July 2, 2020, we sold the trust business of ECB (the "ECB Trust business") and on December 16, 2020, we sold the remaining ECB business.
−Removed: See Note 5 to our consolidated financial statements for further information on business changes and developments.
−Removed: 2020 2019 2018 2017 2016
−Removed: (dollars in thousands, except per share data)
−Removed: STATEMENT OF OPERATIONS DATA
−Removed: Investment Banking:
−Removed: Advisory Fees $ 1,755,273 $ 1,653,585 $ 1,743,473 $ 1,324,412 $ 1,096,829
−Removed: Underwriting Fees 276,191 89,681 71,691 45,827 36,264
−Removed: Commissions and Related Fees 205,767 189,506 200,015 205,630 230,913
−Removed: Asset Management and Administration Fees (1)
−Removed: 54,397 50,611 48,246 59,648 63,404
−Removed: Other Revenue, Including Interest and Investments (1)
−Removed: (6,309) 45,454 19,051 88,828 29,380
−Removed: Total Revenues 2,285,319 2,028,837 2,082,476 1,724,345 1,456,790
−Removed: Interest Expense 21,414 20,139 17,771 19,996 16,738
−Removed: Net Revenues 2,263,905 2,008,698 2,064,705 1,704,349 1,440,052
−Removed: Operating Expenses 1,688,015 1,534,122 1,492,241 1,227,573 1,077,706
−Removed: Other Expenses 49,457 36,865 30,387 47,965 101,172
−Removed: Total Expenses 1,737,472 1,570,987 1,522,628 1,275,538 1,178,878
−Removed: Income before Income from Equity Method Investments and Income Taxes 526,433 437,711 542,077 428,811 261,174
−Removed: Income from Equity Method Investments 14,398 10,996 9,294 8,838 6,641
−Removed: Income before Income Taxes 540,831 448,707 551,371 437,649 267,815
−Removed: Provision for Income Taxes 128,151 95,046 108,520 258,442 119,303
−Removed: Net Income 412,680 353,661 442,851 179,207 148,512
−Removed: Net Income Attributable to Noncontrolling Interest 62,106 56,225 65,611 53,753 40,984
−Removed: Net Income Attributable to Evercore Inc.
−Removed: $ 350,574 $ 297,436 $ 377,240 $ 125,454 $ 107,528
−Removed: Dividends Declared per Share $ 2.35 $ 2.24 $ 1.90 $ 1.42 $ 1.27
−Removed: Diluted Net Income Per Share Attributable to Evercore Inc.
−Removed: Common Shareholders $ 8.22 $ 6.89 $ 8.33 $ 2.80 $ 2.43
−Removed: STATEMENT OF FINANCIAL CONDITION DATA
−Removed: Total Assets $ 3,370,888 $ 2,598,613 $ 2,125,667 $ 1,584,886 $ 1,662,346
−Removed: Long-term Liabilities $ 817,581 $ 803,710 $ 368,037 $ 324,466 $ 415,594
−Removed: Total Long-term Debt $ 338,518 $ 375,062 $ 168,612 $ 175,146 $ 184,647
−Removed: Total Liabilities $ 1,881,514 $ 1,472,363 $ 1,117,728 $ 788,518 $ 879,015
−Removed: Noncontrolling Interest $ 258,428 $ 256,534 $ 249,819 $ 252,404 $ 256,033
−Removed: Total Equity $ 1,489,374 $ 1,126,250 $ 1,007,939 $ 796,368 $ 783,331
−Removed: (1) Certain balances in prior periods were reclassified to conform to their current presentation.
−Removed: See Note 2 to our consolidated financial statements for further information.
+Added: Tab l e of Contents
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.