Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 28

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 other investments owned, at fair value in the condensed 

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consolidated balance sheets. The change in fair value recorded in the income statement was an unrealized loss of $63,674 and $287,043 for the three and nine months ended September 30, 2024, respectively.Babcock and Wilcox Enterprises, Inc, Equity InvestmentThe Company owns a 30% voting interest in B&W whereby the Company has elected to account for this investment under the fair value option. The following tables contain summarized financial information with respect to B&W included below for purposes of the disclosure a quarter in arrears (balance sheet amounts as of June 30, 2024 and September 30, 2023 correspond to amounts as of September 30, 2024 and December 31, 2023, respectively, of the Company; income statement amounts during the three and nine months ended June 30, 2024 and 2023 correspond to amounts during the three and nine months ended September 30, 2024 and 2023, respectively, of the Company), which is the period in which the most recent financial information is available:June 30, 2024December 31, 2023Current assets$574,562 $497,593 Noncurrent assets$274,560 $278,105 Current liabilities$333,890 $350,197 Noncurrent liabilities$713,576 $625,851 Equity attributable to investee$(198,929)$(200,961)Noncontrolling interest$585 $611 For the three months ended June 30,For the nine months ended June 30,2024202320242023Revenues$233,642 $291,515 $668,365 $769,197 Cost of revenues$179,152 $228,352 $509,779 $600,441 Income (loss) from continuing operations$25,222 $594 $(44,843)$(14,381)Net income (loss)$25,364 $(5,012)$(54,151)$(11,827)Net income (loss) attributable to investees$25,315 $(5,088)$(57,972)$(15,563)As of September 30, 2024 and December 31, 2023, the fair value of the investment in B&W totaled $55,991 and $40,072, respectively