Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 135

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 135
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 in cash used to pay distributions to the convertible non-controlling interest, (e) $954 in cash used to redeem convertible non-controlling units, (f) $844 in non-convertible non-controlling interest distributions, partially offset by (g) $2,669 in cash received as non-convertible non-controlling interest investments.  

Six Months Ended June 30, 2024

As of June 30, 2024, our cash and cash equivalents were $9,575, representing a decrease of $1,075 from December 31, 2023. The decrease was attributable to cash provided by operating activities of $930, cash provided by investing activities of $6,451, cash used in financing activities of $8,340, and a decrease in cash caused by the change in exchange rates of $116.

The cash provided by operating activities of $930 was comprised of (a) net cash outflows of $7,121 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,