Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 8

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 Consolidated Statements of Cash Flows

(Unaudited)

(Dollars in thousands)

Six Months EndedJune 30,20242023Cash flows from operating activities:Net (loss) income$(481,735)$60,341 Adjustments to reconcile net (loss) income to net cash provided by operating activities:  Depreciation and amortization22,936 25,611 Provision for credit losses1,176 3,802 Share-based compensation14,865 24,238 Fair value and remeasurement adjustments, non-cash (includes $196,743 and $2,288 from related parties for 2024 and 2023, respectively)189,507 (56,634)Non-cash interest and other (includes $(5,916) and $(484) from related parties for 2024 and 2023, respectively)(3,325)(5,117)Depreciation of rental merchandise8,221 — Effect of foreign currency on operations347 (224)Income from equity investments(6)(133)Dividends from equity investments74 129 Deferred income taxes1,445 18,516 Impairment of goodwill and tradenames27,681 1,733 Gain on sale of business, disposal of fixed assets, and other(227)(150)Gain on extinguishment of debt(120)— Income allocated and fair value adjustment for mandatorily redeemable noncontrolling interests785 778 Change in operating assets and liabilities:  Amounts due to/from clearing brokers10,423 7,141 Securities and other investments owned478,436 72,074 Securities borrowed2,127,999 (595,194)Accounts receivable(759)26,381 Prepaid expenses and other assets (includes $(12,777) and $140 from related parties for 2024 and 2023, respectively)3,789 (13,834)Accounts payable, accrued payroll and related expenses, accrued expenses and other liabilities(16,940)(74,185)Amounts due to/from related parties and partners(2,161)(1,509)Securities sold, not yet purchased(3,836)(3,211)Deferred revenue(5,982)(8,682)Securities loaned(2,125,754)595,234 Net cash provided by operating activities246,839 77,105 Cash flows from investing activities: