Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 159

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 159
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 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, disposal of fixed assets, and other of $0.7 million. Cash used in operating activities for the nine months ended September 30, 2023 consisted of the impact of net loss of $16.0 million, noncash items of $40.9 million, and changes in operating assets and liabilities of $65.9 million. The positive cash flow impact from noncash items of $40.9 million included depreciation and amortization of $38.1 million, share-based compensation of $35.3 million, provision for credit losses of $5.9 million, impairment of goodwill and tradenames of $37.2 million, loss on extinguishment of debt of $5.3 million, income allocated for mandatorily redeemable noncontrolling interests of $1.3 million, effect of foreign currency of $0.7 million, income from equity investments of $0.2 million and dividends from equity investments of $0.2 million, partially offset by fair value adjustments of $42.8 million, deferred income taxes of $21.4 million, gain on sale of businesses, disposal of fixed