Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 301

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 301
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406 was comprised of (a) net cash inflows of $ 65,572 related to working capital fluctuations, (b) net cash outflows of $ 22,035 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 outflows from other earnings items of $ 14,131 (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 $ 12,829 was comprised of (a) $44,240 of sales and returns of principal from other investments, at fair value, (b) $199 in sales and returns of principal of other investments sold, not yet purchased, (c) $1,578 of distributions received from equity method affiliates, partially offset by (d) $29,257 in cash used to purchase other investments, at fair value, (d) $433 in reduction in cash from the disposal of our interest in Vellar GP, (e) $2,675 invested in equity method affiliates, and (f) $823 in cash used to purchase furniture, equipment, and leasehold improvements.  

The cash used in financing activities of $ 7,716 was comprised of (a) $2,573 of cash used to repay a portion of the 2024 Note, (b) $344 in cash used to net settle equity awards, (c) $1,695 in cash used to pay dividends, (d) $3,850 in cash used to pay distributions to the convertible non-controlling interest, (e) $954 in cash used to redeem convertible non-controlling units, (f) $969 in non-convertible non-controlling interest distributions, partially offset by (g) $2,669 in cash received as non-convertible non-cont