Cohen & Co Inc. COHN Cash Flow

Cohen & co inc. (COHN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Net income (loss)
-11,785	1,197	-1,918	-1,028	-1,824	-412	-1,234	-190	-2,151	1,610	-758	612	971	434	1,530	1,201	264	-3,800	-647	-465	-756	3,714	-1,724	-2,857	-2,805	-6,144	-309	-6,872	-6,594	4,053	2,964	-3,168	-5,890	-4,398	-7,685	-5,057	413
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Other (income) / expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	83	0	3	-	-	-	-
Gain on repurchase of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Equity-based compensation
158	190	191	191	172	166	166	166	125	92	94	93	453	163	221	222	559	173	226	227	563	185	220	241	673	141	207	425	1,129	837	-1,534	1,420	548	842	1,881	2,017	2,189
Accretion of income on other investments, at fair value
78	56	170	92	106	93	489	498	343	185	169	538	231	208	250	362	393	415	586	617	715	735	593	205	44	-	-	-	-	-	-	-	-	-	-	-	-
Realized loss (gain) on other investments, at fair value
40	418	-2,018	148	419	775	-63	-16	-206	-358	-292	-446	-15	93	-320	-1,239	-503	-1,022	-1,244	-2,226	261	-87	0	22	-79	376	732	-709	579	-	-	-	-	-	-	-	-
(Income) / loss from equity method affiliates
-107	-188	-109	-248	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	26	113	101	95	1,519	2,363	647	1,526	516	864	838	4,435	95
Realized loss / (gain) on other investments, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,457	-23
Change in unrealized (gain) loss on other investments, at fair value
-2,735	-217	2,158	343	-171	-1,295	2,039	1,025	357	431	185	-70	253	630	601	935	239	-1,234	22	2,188	-577	-1,326	28	988	985	-3,061	547	-3,886	-5,977	-3,080	1,862	67	-5,174	-1,874	2,018	1,875	-1,517
Depreciation and amortization
80	79	80	78	81	85	63	52	61	62	60	61	66	71	66	72	82	122	150	227	234	254	251	267	331	369	367	359	310	282	289	343	391	653	612	503	470
Impairment of goodwill
7,883	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on debt
166	152	140	134	122	164	211	219	226	260	270	280	244	233	242	252	261	143	282	322	259	359	350	343	334	234	230	226	216	-	-	-	-	-	-	-	-
Deferred tax provision (benefit)
-396	239	-170	-633	-114	432	-581	-674	-15	-1,237	-13	-16	-13	340	23	-26	-7	-245	119	16	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities, net:
(Increase) decrease in other receivables
-29,618	40,676	-1,322	-925	-3,894	7,534	-33	1,612	-554	1,149	-3,254	1,823	-1,430	2,713	-977	-55	-535	-2,223	26	-1,214	-1,908	2,679	-345	117	-815	2,212	-2,871	-163	-831	1,541	1,104	-302	508	201	-2,243	-169	-530
(Increase) decrease in investments-trading
67,893	63,924	5,978	-47,523	-15,762	81,773	39,226	8,620	-30,641	97,995	-30,673	20,210	-42,453	26,172	-12,196	24,920	23,541	-45,478	31,713	-43,001	24,759	-21,743	34,231	-38,247	34,889	32,036	-91,293	17,961	-17,225	-28,715	38,662	-208	41,854	-12,018	-30,216	-192,021	95,444
(Increase) decrease in other assets
-5,645	3,058	-73	1,041	-258	336	-47	-9	403	-68	-100	-144	-1,611	-293	67	-42	-123	-632	-630	140	-610	-428	305	580	-302	-620	-287	694	809	-1,441	201	-280	-63	-2,780	-1,347	30	-3,518
(Increase) decrease in receivables under resale agreement
-1,485,564	447,083	998,098	1,544,432	-3,121,841	316,614	3,387,885	1,487,369	385,159	1,618,662	26,232	96,287	32,201	-6,465	-57,070	169,840	47,505	-719	-44,016	61,833	9,238	35,159	30,541	-28,204	34,784	-65,472	-6,577	28	31,306	-82,929	-94,250	31,304	86,007	-	-	-	-
Change in receivables from / payables to related parties, net
55	-149	178	130	168	-94	15	24	57	2	-494	3	-49	16	-4	-29	37	179	21	68	257	-348	219	-1	83	18	290	-139	-364	241	-17	66	-67	-313	7	269	296
Increase (decrease) in accrued compensation
4,314	382	909	811	-3,310	943	1,534	1,635	-3,264	808	477	807	-2,481	715	259	1,394	-1,185	444	1,217	217	-2,320	1,108	172	1,274	-2,724	-916	1,819	-199	-4,711	-1,893	3,775	-183	-2,196	-2,238	-2,461	2,611	-8,854
Increase (decrease) in accounts payable and other liabilities
61,079	9,241	-2,447	828	233	-4,466	6,853	2,965	982	1,224	630	-716	82	307	181	-650	529	-914	481	-989	-301	1,134	-453	-1,461	-2,024	2,183	-3,583	-1,473	-1,987	707	-645	-652	-954	631	-1,087	-2,553	-140
Increase (decrease) in trading securities sold, not yet purchased
36,820	-12,069	-17,620	9,391	-21,877	38,902	-7,326	-6,309	2,968	1,894	-28,185	3,950	29,045	29,644	-14,314	-5,620	36,289	-21,728	-14,738	-4,834	31,744	4,411	-10,410	4,618	617	-3,828	-21,030	14,584	15,611	-11,633	-28,319	-6,898	-8,596	32,676	14,646	-40,665	32,034
Change in receivables from/ payables to brokers, dealers, and clearing agencies
21,491	-114,408	-28,153	55,939	13,279	-49,866	-27,325	-28,474	60,841	-103,230	5,296	-4,042	79,597	2,332	-6,465	-5,766	21,283	20,667	-42,408	35,669	16,482	25,544	-44,913	42,166	-40,309	-38,951	69,290	-4,340	29,082	15,440	-72,839	-22,985	-49,932	47,678	35,404	66,859	-50,761
Increase (decrease) in securities sold under agreements to repurchase
-1,468,071	434,829	994,847	1,544,054	-3,111,051	313,844	3,389,563	1,480,390	421,368	1,618,466	26,967	107,158	18,563	-7,355	-63,845	190,891	47,841	-772	-44,032	61,599	9,262	35,195	29,932	-28,201	36,182	-66,108	-8,587	1,863	31,307	-82,900	-90,888	23,749	85,442	92,109	-136,237	-85,112	35,674
Increase (decrease) in deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267	22	8	1,311	50	0	-464	319	844	-24	250
Net cash provided by (used in) operating activities
64,470	-6,311	-539	657	-9,270	-6,400	-12,907	7,653	4,655	8,415	1,485	-1,924	-19,892	-822	469	-1,248	-7,130	3,828	-970	2,382	-9,392	4,914	-1,960	-284	1,444	-2,445	-505	-928	-4,353	5,072	8,597	5,656	-4,577	-6,538	-15,477	-6,926	22,642
Investing activities
Cash acquired from acquisition of Star Asia Manager, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	679	-	-	-	-	-	-	-	-
Proceeds from sale of Star Asia and related entities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	19,924	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition of JVB Financial Holdings, L.L.C., net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,956
Purchase of investments-other investments, at fair value
119	759	463	297	408	1,063	6,917	2,120	16,765	-	-	-	-	0	0	90	147	0	-221	231	1	-22	4,469	13,621	7,222	971	0	762	302	-	-	-	-	125	1,235	1,366	342
Sales and returns of principal-other investments, at fair value
2,309	823	1,283	2,917	5,091	16,931	10,763	1,248	1,081	360	234	2,182	626	487	2,480	4,034	1,410	1,406	1,784	5,865	2,976	865	1,439	2,307	1,336	416	958	119	589	331	10	27	11	3,728	15	3,854	111
Investment in equity method affiliate
2,097	577	0	0	3,775	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	0	0	10	10	4,700	0	6	298	4,291	260	172
Return from equity method affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	17	50	-	-	-	-	4,768	1,812	4,713	800	-	-	-	-
Return from equity method affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	709	5,355	465
Purchase of furniture, equipment, and leasehold improvements
63	7	66	8	20	423	272	268	39	70	17	36	20	13	47	87	76	39	15	10	85	-	-	-	-	123	178	172	376	92	59	25	17	102	66	136	166
Net cash provided by (used in) investing activities
30	-520	754	2,612	888	15,445	3,574	-1,140	-15,723	-6,865	217	2,146	606	474	2,433	3,857	1,187	1,367	1,990	5,624	2,890	846	-3,046	-11,424	14,088	-492	787	2,066	580	4,897	-1,189	4,614	788	3,628	-4,868	9,596	-15,060
Financing activities
Proceeds from draws on revolving credit facility
17,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (repayment of) debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,448	-1,162	-1,458
Proceeds from non-convertible debt
4,500	-	-	-	-	-	-	-	-	-	0	0	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for debt issuance costs
-	-	-	-	-	-	-	-	-	0	0	110	690	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
9,163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,824	1,189	10,110	147	-	-	-	-
Proceeds from redeemable financial instruments
-	0	0	0	1,268	-	-	-	-	0	10,000	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used to net share settle equity awards
54	0	0	0	128	0	0	0	75	0	0	0	100	0	0	0	28	-	-	-	-	8	0	0	79	-	-	-	-	-	-	-	-	-	-	-	-
Cash used to net share settle equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	46	3
Purchase and retirement of Common Stock
-	234	0	0	65	168	281	249	71	-	-	-	-	6	78	65	2,176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from non-controlling interest investment
-	0	0	0	2,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PrinceRidge non-controlling interest redemptions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	472	0	0	317	-	-	-	-	-	-	-	-
Cash used to net share settle equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-
PrinceRidge non-controlling interest redemptions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-	-	-	-
PrinceRidge mandatorily redeemable equity interest repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	86	-	-	-	-	-	-	-	-
IFMI non-controlling interest distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	-	-	-	-
Non-controlling interest distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	105	108	106	106	105	109	107	106	-	-	-	-	-	106	106	106	-	-	-	-	-	263	264	264
Cohen & Company Inc. dividends
62	0	0	458	61	224	230	472	40	241	242	488	14	237	234	239	244	265	319	304	305	319	302	326	331	329	233	274	230	307	217	215	214	512	513	545	545
Net cash provided by (used in) financing activities
12,721	884	949	539	3,564	1	-2,079	-1,458	-186	-815	9,584	-847	15,196	5,652	-420	-410	-2,554	-4,370	-428	-411	-411	-604	-615	-3,660	-410	-6,226	12,032	-1,035	-739	-8,365	-7,640	-11,200	-512	-4,451	-4,058	-2,017	-2,270
Effect of exchange rate on cash
-71	-	-	-	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate on cash
-	-	-	-	-	-	-43	-190	77	-	131	163	52	-173	-80	-131	-3	-89	-91	201	-258	-151	-59	10	3	11	83	38	-213	20	164	-196	150	-51	-124	-41	290
Net increase (decrease) in cash and cash equivalents
77,150	-5,826	1,053	3,794	-4,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-11,177	-	11,417	-462	-4,038	5,131	2,402	2,068	-8,500	736	501	7,796	-7,171	5,005	-5,680	-15,358	15,125	-9,152	12,397	141	-4,725	1,624	-68	-1,126	-4,151	-7,412	-24,527	612	5,602