Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 102

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1C
Chunk 102
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,818)
 Balance at December 31, 2024  $27  $20  $76,704  $(34,016) $(1,007) $41,728  $48,555  $90,283 

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See accompanying notes to consolidated financial statements.

      F-5

COHEN & COMPANY INC. 

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Consolidated Statements of Cash Flows 

(Dollars in thousands) 

      Year Ended December 31,  
   2024    2023    2022  
 Operating activities             
 Net income (loss)  $8,189  $10,399  $(58,670)
 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:             
 Equity-based compensation   4,668   4,391   4,390 
 Loss (gain) on other investments, at fair value   62,560   92,931   30,914 
 Loss (gain) on other investments, sold not yet purchased   (29,658)  (107,816)  (307)
 Noncash advisory fees received   (24,338)  (18,248)  (7,416)
 (Income) / loss from equity method affiliates   (21,704)  (15,609)  20,931 
 Depreciation and amortization   556   563   557 
 Amortization of discount on debt   42   692   630 
 Deferred tax provision / (benefit)   (677)  5,354   4,579 
 Change in operating assets and liabilities, net:             
 Change in receivables from/ payables to brokers, dealers, and clearing agencies   (23,279)  118,298   (98,452)
 Change in receivables from / payables to related parties, net   (169)  15   3,794 
 (Increase) decrease in other receivables   (1,153)  4,154   (6,324)
 (Increase) decrease in investments-trading   32,996   30,500   12,037 
 (Increase) decrease in rece