Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 302

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 302
---
rolling interest investments.  

Nine Months Ended September 30, 2024

As of September 30, 2024, our cash and cash equivalents were $14,290, representing an increase of $3,640 from December 31, 2023. The increase was attributable to cash provided by operating activities of $5,042, cash provided by investing activities of $10,790, cash used in financing activities of $12,240, and an increase in cash caused by the change in exchange rates of $48.

 The cash provided by operating activities of $5,042 was comprised of (a) net cash outflows of $2,882 related to working capital fluctuations; (b) net cash inflows of $2,246 from trading activities comprised of our investments-trading, trading securities sold, not yet purchased, receivables under resale agreements, securities sold under agreements to repurchase, and receivables and payables from brokers, dealers, and clearing agencies, as well as the changes in unrealized gains and losses on the investments-trading and trading securities sold, not yet purchased; and (c) net cash inflows from other earnings items of $5,678 (which represents net income or loss adjusted for the following non-cash operating items: other income / (expense), non-cash revenue, realized and unrealized gains and losses and accretion of income on other investments, income/(loss) from equity method affiliates, equity based compensation, depreciation and amortization, deferred taxes, and amortization of discount on debt).

 The cash provided by investing activities of $10,790 was comprised of (a) $63,988 of sales and returns of principal from other investments, at fair value; (b) $214 of sales and returns of principal from other investments sold, not yet purchased, at fair value; and (c) $978 of distributions received from equity method affiliates; partially offset by (d) $52,000 in cash used to purchase other investments, at fair value; (e) $1,408 in cash used to purchase other investments sold, not yet purchased, at fair value; (f) $193 in cash used as investments in equity method affiliates; and (g) $789 in cash used to purchase furniture, equipment, and leasehold improvements.

 The cash used in financing activities of $12,240 was comprised of (a) $2,573 of repayment of redeemable financial instruments; (b