Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 70

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 symbol “RILYO,” were delisted from NASDAQ and ceased trading on the redemption date.As of June 30, 2024 and December 31, 2023, total senior notes outstanding was $1,528,565 (net of unamortized debt issue costs of $10,964) and $1,668,021 (net of unamortized debt issue costs of $13,130), respectively, with a weighted average interest rate of 5.62% and 5.71%, respectively. Interest on senior notes is payable on a quarterly basis. Interest expense on senior notes totaled $22,977 and $26,776 during the three months ended June 30, 2024 and 2023, respectively and $47,415 and $53,003 during the six months ended June 30, 2024 and 2023, respectively.

NOTE 12 — ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consist of the following:

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June 30,2024December 31,2023Accrued payroll and related expenses$60,416 $77,394 Dividends payable16,165 18,929 Income taxes payable7,500 819 Other tax liabilities12,782 13,941 Contingent consideration29,303 27,986 Accrued expenses51,482 63,026 Other liabilities82,268 71,098 Accrued expenses and other liabilities$259,916 $273,193 

Other tax liabilities primarily consist of uncertain tax positions, sales and VAT taxes payable, and other non-income tax liabilities. Accrued expenses primarily consist of accrued trade payables, investment banking payables and legal settlements. Other liabilities primarily consist of interest payables, customer deposits, accrued legal fees and finance lease liabilities.   

NOTE 13 — REVENUE FROM CONTRACTS WITH CUSTOMERS

Revenue from contracts with customers by the Company's six reportable operating segments and the All Other category during the three and six months ended months ended June 30, 2024 and 2023 was as follows:

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Capital Markets Segment WealthManagementSegmentAuction andLiquidationSegmentFinancialConsultingSegmentCommunications SegmentConsumer ProductsSegmentAll OtherTotal Revenues for the three months ended June 30, 2024       Corporate finance, consulting and investment banking fees $40,082 $— $— $24,