Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 222

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 222
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077

      Income tax expense / (benefit) 

     140

     (1
     )

     139

      Net income / (loss) after tax 

     937

     1

     938

      Other consolidated subsidiary non-controlling interest 

     (173
     )

      Net income / (loss) attributable to the Operating LLC 

     1,110

      Average effective Operating LLC non-controlling interest % (1) 

     70.45
     %

      Operating LLC non-controlling interest 
      
     $
     782

SUMMARY CALCULATION OF NON-CONTROLLING INTEREST

For the Three Months Ended March 31, 2024

      Total Operating LLC 

      Cohen & 

      Consolidated 

      Company Inc. 

      Consolidated 

      Net income / (loss) before tax 
      
     $
     24,004

     $
     -

     $
     24,004

      Income tax expense / (benefit) 

     486

     12

     498

      Net income / (loss) after tax 

     23,518

     (12
     )

     23,506

      Other consolidated subsidiary non-controlling interest 

     16,270

      Net income / (loss) attributable to the Operating LLC 

     7,248

      Average effective Operating LLC non-controlling interest % (1) 

     71.92
     %

      Operating LLC non-controlling interest 
      
     $
     5,213

      (1) 
      Non-controlling interest is recorded on a quarterly basis. Because earnings are recognized unevenly throughout the year and the non-controlling interest percentage may change during the period, the average effective non-controlling interest percentage may not equal the percentage at the end of any period or the simple average of the beginning and ending percentages. 

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       66

Liquidity and Capital Resources 

Liquidity is a measurement of our ability to meet potential cash requirements including ongoing commitments to repay debt borrowings, make interest payments on outstanding borrowings, fund investments, and support other general business purposes. In addition, our United States and European broker-dealer subsidiaries are subject to certain regulatory requirements to maintain minimum levels of net capital. Historically, our primary sources of funds have been our operating activities and general corporate borrowings. In addition, our trading operations have generally been financed by the use of collateralized securities financing