Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 168

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 2
Chunk 168
---
 to $1,843.75 or $1.84375 per Depositary Share). Dividends are payable quarterly in arrears, on or about the last day of January, April, July, and October. As of March 31, 2025, dividends in arrears in respect of the Depositary Shares were $1.3 million. On January 21, 2025, the Company announced that it had temporarily suspended dividends on its Series B Preferred Stock. Unpaid dividends will accrue until paid in full.

A summary of preferred stock dividend activity for the three months ended March 31, 2025 and the year ended December 31, 2024 was as follows:

StockholderPreferred Dividend per Depositary ShareDate DeclaredDate PaidRecord DateSeries ASeries BOctober 16, 2024October 31, 2024October 28, 2024$0.4296875 $0.4609375 July 9, 2024July 31, 2024July 22, 20240.4296875 0.4609375 April 9, 2024April 30, 2024April 22, 20240.4296875 0.4609375 January 9, 2024January 31, 2024January 22, 20240.4296875 0.4609375 

Our principal sources of liquidity to finance our business are our existing cash on hand, cash flows generated from operating activities, funds available under revolving credit facilities and special purpose financing arrangements.

Cash Flow Summary

Three Months EndedMarch 31,20252024(Dollars in thousands) Net cash provided by (used in):Operating activities $184 $135,357 Investing activities59,181 18,278 Financing activities(172,529)(190,933)Effect of foreign currency on cash(465)(3,962)Net decrease in cash, cash equivalents and restricted cash $(113,629)$(41,260)

Cash provided by operating activities was $0.2 million during the three months ended March 31, 2025 compared to cash provided by operating activities of $135.4 million during the three months ended March 31, 2024. The reduction of $135.2 million in net cash provided by operating activities in the first quarter of 2025 was primarily due to $143.4 million less cash generated from securities