Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 275

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 275
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— 2,220 Total revenues4,577 18,226 22,639 45,442 Operating expenses:Direct cost of services— 1,456 — 1,456 Cost of goods sold— 788 — 788 Selling, general and administrative expenses854 11,795 17,959 30,608 Total operating expenses854 14,039 17,959 32,852 Operating income3,723 4,187 4,680 12,590 Other income (expense):Interest income— 1 5 6 Dividend income8,811 — — 8,811 Realized and unrealized gains on investments5,379 — — 5,379 Interest expense(713)(8,486)— (9,199)Income (loss) from discontinued operations before income taxes17,200 (4,298)4,685 17,587 (Provision for) benefit from income taxes(4,077)1,143 (1,306)(4,240)Income (loss) from discontinued operations, net of income taxes$13,123 $(3,155)$3,379 $13,347 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 and Great American Group transaction described above and amount to $713 and $8,486 for the three months ended March 31, 2024.

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Cash flows from discontinued operations were as follows:Three Months EndedMarch 31,20252024Net cash from discontinued operations provided by (used in):Operating activities$925 $4,915 Investing activities— — Financing activities(5,594)(7,113)Effect of foreign currency on cash13 (2,338)Net decrease in cash and cash equivalents$(4,656)$(4,536)Supplemental disclosures from cash flows were as follows:Three Months EndedMarch 31,20252024Interest paid - Continuing Operations$28,982$73,269Interest paid - Discontinued Operations—8,468Interest paid - Total$28,982$81,737Taxes paid - Continuing Operations$932$715Taxes paid - Discontinued Operations—717Taxes paid - Total$932$1,432

NOTE 4 — RESTRUCTURING CHARGE 

During the three