Cohen & co inc. (COHN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities
Net income (loss)

-3,573

-3,987

2,435

3,429

-5,668

-3,672

-19,919

-2,041

-16,727

11,215

-11,803

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Other (income) / expense

-

-

-

-

-

-

-15

86

33

2,555

-

Other (income) / expense

-

-

-

-

-

-

-

-

-

971

-

Gain on sale of management contracts

-

-

-

-

-

-

-

-

-

-

7,746

Equity-based compensation

744

623

732

1,165

1,189

1,319

1,902

1,271

6,929

2,505

6,556

Accretion of income on other investments, at fair value

424

1,423

1,123

1,213

2,333

1,577

-

-

-

-

-

Realized loss (gain) on other investments, at fair value

-1,033

490

-1,111

-1,969

-4,231

-144

978

1,728

1,002

-4,512

-

(Income) / loss from equity method affiliates

-553

-

-

-

-

27

1,828

5,052

6,232

5,884

-3,455

Realized loss / (gain) on other investments, at fair value

-

-

-

-

-

-

-

-

-

-

9,959

Change in unrealized (gain) loss on other investments, at fair value

2,113

2,126

799

2,405

399

675

-12,377

-6,325

502

29,325

-4,349

Depreciation and amortization

318

261

249

291

733

1,103

1,405

1,305

2,238

2,356

2,543

Impairment of goodwill

-

-

-

-

-

3,121

-

-

-

5,607

-

Amortization of discount on debt

548

820

1,054

988

1,006

1,386

906

189

429

-

-

Deferred tax provision (benefit)

-678

-838

-1,279

330

-84

-642

-2,073

-

-

-

-

Change in operating assets and liabilities, net:
(Increase) decrease in other receivables

34,535

8,559

-1,712

1,146

-5,319

1,636

-1,653

2,851

-2,741

1,833

-4,083

(Increase) decrease in investments-trading

6,617

98,978

45,079

62,437

-32,007

9,130

-58,521

51,593

-138,811

53,587

-626

(Increase) decrease in other assets

3,768

683

-1,923

-391

-1,732

155

596

-1,583

-7,615

849

-7,449

(Increase) decrease in receivables under resale agreement

-132,228

5,577,027

1,773,382

153,810

26,336

72,280

-40,715

-59,868

-28,710

-20,357

20,357

Change in receivables from / payables to related parties, net

327

2

-538

20

525

-47

-195

223

259

281

6,444

Increase (decrease) in accrued compensation

-1,208

848

-389

1,183

-442

-170

-4,007

-497

-10,942

9,708

-4,186

Increase (decrease) in accounts payable and other liabilities

7,855

6,334

1,220

367

-1,723

-2,804

-4,860

-1,544

-3,149

25

-526

Increase (decrease) in trading securities sold, not yet purchased

-42,175

28,235

6,704

45,999

-9,556

-764

5,337

-55,446

38,691

-96,892

16,176

Change in receivables from/ payables to brokers, dealers, and clearing agencies

-73,343

-44,824

-22,379

11,384

30,410

-17,512

55,081

-130,316

99,180

-31,527

-10,225

Increase (decrease) in securities sold under agreements to repurchase

-137,321

5,605,165

1,771,154

167,532

26,057

73,108

-41,525

-64,597

-93,566

69,816

-

Increase (decrease) in deferred income taxes

-

-

-

-

-

-

-

897

1,389

828

-

Net cash provided by (used in) operating activities

-15,463

-6,999

-11,916

-8,731

-4,152

4,114

-8,231

14,748

-6,299

-34,815

7,329

Investing activities
Cash acquired from acquisition of Star Asia Manager, net

-

-

-

-

-

-

679

-

2,149

-

-

Proceeds from sale of Star Asia and related entities, net

-

-

-

-

-

19,924

-

-

-

-

-

Cash paid for acquisition of JVB Financial Holdings, L.L.C., net of cash acquired

-

-

-

-

-

-

-

-

14,956

-

-

Cash acquired from Merger with AFN

-

-

-

-

-

-

-

-

-

-

76,938

Purchase of investments-other investments, at fair value

1,927

26,865

7,155

237

11

25,290

2,035

390

3,068

12,944

690

Proceeds from sale of management contracts

-

-

-

-

-

-

-

-

-

971

7,746

Sales and returns of principal-other investments, at fair value

10,114

30,023

3,402

8,411

12,031

5,947

2,082

379

7,708

34,908

12,233

Sales of cost method investment

-

-

-

-

-

-

-

1,937

-

-

-

Investment in equity method affiliate

4,352

-

-

-

-

-

30

4,716

5,021

5,517

2,501

Return from equity method affiliates

-

-

-

-

-

67

3,094

12,093

6,954

9,983

-

Cash used in other acquisition

-

-

-

-

-

-

-

-

-

297

-

Return from equity method affiliates

-

-

-

-

-

-

-

-

-

-

925

Purchase of furniture, equipment, and leasehold improvements

101

1,002

143

223

149

184

849

193

470

939

691

Net cash provided by (used in) investing activities

3,734

2,156

-3,896

7,951

11,871

464

2,941

9,110

-6,704

26,165

93,960

Financing activities
Redemption of redeemable financial instrument

1,500

-

-

-

-

-

-

-

-

-

-

Proceeds from (repayment of) debt

4,777

-

15,000

-

-

-

-

-

-

-

-57,050

Proceeds from non-convertible debt

-

-

-

-

-

-

8,248

-

-

-

-

Payments for debt issuance costs

-

525

800

-

-

-

-

-

-

349

988

Issuance of debt

-

-

-

-

-

-

-

-

-

9,300

-

Repayment of debt

-

-

-

-

-

3,121

6,072

16,270

7,960

24,283

-

Proceeds from redeemable financial instruments

1,268

500

11,000

6,000

-

-

-

-

-

-

-

Payments for deferred issuance and financing costs

-

-

-

-

-

-

670

-

-

-

-

Proceeds from private placement, net of offering costs of $447

-

-

-

-

-

-

5,051

-

-

-

-

Cash used to net share settle equity awards

128

75

100

28

-

87

153

199

72

-

-

Purchase and retirement of Common Stock

299

769

572

2,325

4,000

384

-

-

1,488

-

-

Proceeds from non-controlling interest investment

2,550

-

-

-

-

-

-

-

-

-

-

PrinceRidge non-controlling interest redemptions, net

-

-

-

-

-

-

789

6,152

-

-

-

Cash used to net share settle equity awards

-

-

-

-

-

-

-

-

-

166

-

PrinceRidge mandatorily redeemable equity interest repayments

-

-

-

-

-

-

86

3,723

-

-

-

IFMI non-controlling interest distributions

-

-

-

-

-

419

431

420

1,161

528

-

Non-controlling interest distributions

213

426

425

425

427

-

-

-

-

-

-

Payment of share issuance costs

-

-

-

-

-

-

-

-

-

-

1,233

Cohen & Company Inc. dividends

519

966

985

954

1,193

1,278

1,066

953

2,115

1,043

4,746

Net cash provided by (used in) financing activities

5,936

-3,722

23,118

2,268

-5,620

-5,289

4,032

-27,717

-12,796

-17,069

-64,017

Effect of exchange rate on cash

-9

-262

411

-

-

-

-

-

-

-

-

Effect of exchange rate on cash

-

-

-

-387

-237

-197

-81

138

74

-27

448

Net increase (decrease) in cash and cash equivalents

-5,802

-8,827

7,717

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

1,101

1,862

-908

-1,339

-3,721

-25,725

-25,746

37,720