Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 230

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 2
Chunk 230
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 23, 20230.4296875 0.4609375 July 11, 2023July 31, 2023July 21, 20230.4296875 0.4609375 April 10, 2023May 1, 2023April 21, 20230.4296875 0.4609375 January 9, 2023January 31, 2023January 20, 20230.4296875 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

Nine Months EndedSeptember 30,20242023(Dollars in thousands) Net cash provided by (used in):Operating activities $266,294 $(40,957)Investing activities25,529 312,954 Financing activities(354,722)(285,459)Effect of foreign currency on cash(1,092)(3,116)Net decrease in cash, cash equivalents and restricted cash $(63,991)$(16,578)

Cash provided by operating activities was $266.3 million during the nine months ended September 30, 2024 compared to cash used in operating activities of $41.0 million during the nine months ended September 30, 2023. Cash provided by operating activities for the nine months ended September 30, 2024 consisted of the impact of net loss of $769.3 million, noncash items of $394.9 million, and changes in operating assets and liabilities of $640.7 million. The positive cash flow impact from noncash items of $394.9 million included fair value adjustments of $261.4 million, loss on disposal of discontinued operations of $39.5 million, depreciation and amortization of $34.1 million, impairment of goodwill and tradenames of $27.7 million, deferred income taxes of $20.5 million, share-based compensation of $17.6 million, depreciation of rental merchandise of $11.7 million, provision for credit losses of $2.5 million, income allocated for mandatorily redeemable noncontrolling interests of $1.4 million, effect of foreign currency of $0.3 million, partially offset by non-cash interest and other of $26.3 million, and gain on sale of business,