Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 334

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 334
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)Interest expense(1,412)(16,940)— (18,352)Income (loss) from discontinued operations before income taxes28,735 (9,305)9,352 28,782 Provision for income taxes(65)— — (65)Income (loss) from discontinued operations, net of  income taxes$28,670 $(9,305)$9,352 $28,717 Interest expense for discontinued operations is based upon the amount of debt that was required to be repaid as a result of the Brands Transaction, Great American Group transaction, and GlassRatner and Farber transaction described above and 

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amount to $699, $8,454, and zero for the three months ended June 30, 2024, respectively, and $1,412, $16,940, and zero for the six months ended June 30, 2024, respectively.Cash flows from discontinued operations were as follows:Six Months EndedJune 30,20252024Net cash from discontinued operations provided by (used in):Operating activities$22,022 $26,681 Investing activities114,032 (1,076)Financing activities(144,581)(26,240)Effect of foreign currency on cash502 (3,143)Net decrease in cash and cash equivalents$(8,025)$(3,778)Supplemental disclosures from cash flows were as follows:Six Months EndedJune 30,20252024Interest paid - Continuing Operations$55,011 $135,826 Interest paid - Discontinued Operations— 16,904 Interest paid - Total$55,011 $152,730 Taxes paid - Continuing Operations$2,139 $3,754 Taxes paid - Discontinued Operations— 53 Taxes paid - Total$2,139 $3,807 

NOTE 5 — RESTRUCTURING CHARGE 

During the three and six months ended June 30, 2025, the Company recognized restructuring charges of $321 (which was included in the “Restructuring charge” line item in the unaudited condensed consolidated statement of operations) related to Corporate and the Consumer Products segment, which consisted of reductions in workforce. During the three and six months ended June 30, 2025, of the $321 total restructuring charges, $285 was related to Corporate and $36 was related to the Consumer Products segment.During the three and