Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 0

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements.

B. RILEY FINANCIAL, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Dollars in thousands, except par value)

June 30,2024December 31,2023(Unaudited)  ASSETSAssets:Cash and cash equivalents$236,895 $231,964 Restricted cash1,728 1,875 Due from clearing brokers40,911 51,334 Securities and other investments owned, at fair value664,070 1,092,106 Securities borrowed742,940 2,870,939 Accounts receivable, net of allowance for credit losses of $7,253 and $7,339 as of June 30, 2024 and December 31, 2023, respectively115,681 115,496 Due from related parties905 172 Loans receivable, at fair value (includes $171,748 and $378,768 from related parties as of June 30, 2024 and December 31, 2023, respectively)229,199 532,419 Prepaid expenses and other assets (includes $24,579 and $11,802 from related parties as of June 30, 2024 and December 31, 2023, respectively)221,464 237,327 Operating lease right-of-use assets83,763 87,605 Property and equipment, net44,689 25,206 Goodwill502,341 472,326 Other intangible assets, net319,320 322,014 Deferred income taxes32,376 33,595 Total assets$3,236,282 $6,074,378 LIABILITIES AND EQUITY (DEFICIT)   Liabilities:  Accounts payable$58,932 $44,550 Accrued expenses and other liabilities259,916 273,193 Deferred revenue65,421 71,504 Due to related parties and partners2,067 2,731 Securities sold not yet purchased4,765 8,601 Securities loaned733,552 2,859,306 Operating lease liabilities94,924 98,563 Notes payable30,039 19,391 Revolving credit facility19,809 43,801 Term loans, net581,395 625,151 Senior notes payable,