Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 294

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 294
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,121 related to working capital fluctuations, (b) net cash inflows of $2,780 from trading activities comprised of our investments-trading, trading securities sold, not yet purchased, receivables under resale agreements, securities sold under agreements to repurchase, and receivables and payables from brokers, dealers, and clearing agencies, as well as the changes in unrealized gains and losses on the investments-trading and trading securities sold, not yet purchased, and (c) net cash inflows from other earnings items of $5,271 (which represents net income or loss adjusted for the following non-cash operating items: other income / (expense), non-cash revenue, realized and unrealized gains and losses and accretion of income on other investments, income/(loss) from equity method affiliates, equity based compensation, depreciation and amortization, deferred taxes, and amortization of discount on debt).

The cash provided by investing activities of $6,451 was comprised of (a) $41,544 of sales of other investments sold, not yet purchased, at fair value, (b) $214 of sales of other investments, at fair value, (c) $857 in distributions received from equity method affiliates, partially offset by (d) $34,289 of cash used to purchase other investments, at fair value, (e) $1,267 of cash used to purchase other investments sold, not yet purchased, at fair value, (f) $134 of cash used to invest in equity method affiliates, and (g) $474 in cash used to purchase furniture, equipment, and leasehold improvements.  

The cash used in financing activities of $8,340 was comprised of (a) $189 in cash used to net settle equity awards, (b) $1,057 in cash used to pay dividends, (c) $3,022 in convertible non-controlling interest distributions, (d) $659 in redemptions of convertible non-controlling interests, (e) $3,567 in non-convertible non-controlling interest distributions, partially offset by (f) $154 in proceeds from issuance of Common Stock.  

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Regulatory Capital Requirements 

We have two subsidiaries that are licensed securities dealers: Cohen Securities in the United States and CCFESA in France. As a U.S. broker-dealer, Cohen