Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 19

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 cash was used for the full redemption of the 6.375% Senior Notes due on February 28, 2025.Cash, cash equivalents and restricted cash consist of the following:June 30,2025December 31,2024Cash and cash equivalents$267,388 $146,852 Restricted cash1,255 100,475 Total cash, cash equivalents and restricted cash$268,643 $247,327 

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(f) Supplemental Non-cash DisclosuresDuring the six months ended June 30, 2025, there was non-cash investing activity of $8,876 related to loans transferred to loans held for sale from loans receivable at fair value. During the six months ended June 30, 2025, there was non-cash financing activity related to the Company’s exchange of its 5.50% Senior Notes due March 2026 in the aggregate principal amount of $115,844, its 5.00% Senior Notes due December 2026 in the aggregate principal amount of $126,766, its 5.25% Senior Notes due August 2028 in the aggregate principal amount of $23,096, and its 6.00% Senior Notes due January 2028 in the aggregate principal amount of $46,429 for its New Notes in the aggregate principal amount of $247,468 for a net gain on exchange of senior notes of $54,986. There was also non-cash financing activity related to the recognition of capital from a noncontrolling interest of $12,494 upon the Company’s initial consolidation of a VIE, issuance of common stock in equity of subsidiary in the amount of $1,575 and the disposition of noncontrolling interests through the sale and deconsolidation of businesses of $2,918, the reclassification of restricted stock awards from equity-classified awards in the amount of $2,138, the issuance of warrants for a term loan of $7,860, a derivative liability for the exit fee of that term loan of $11,244, and warrants issued for senior notes of $1,600. During the six months ended June 30, 2024, there was non-cash investing activity related to the receipt of a note receivable in the amount of $2,000 related to the sale of certain assets, $42,077 related to a loan receivable, at fair value that converted into equity securities, and DIP loan conversion to purchase consideration equity