Cohen & co inc. (COHN)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net income (loss)

-13,534

-3,573

-5,182

-4,498

-3,660

-3,987

-1,965

-1,489

-687

2,435

1,259

3,547

4,136

3,429

-805

-2,982

-4,648

-5,668

1,846

769

-1,623

-3,672

-13,530

-12,115

-16,130

-19,919

-9,722

-6,449

-2,745

-2,041

-10,492

-21,141

-23,030

-16,727

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

0

0

0

-

-

-

-

Gain on repurchase of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Equity-based compensation

730

744

720

695

670

623

549

477

404

732

803

930

1,059

1,165

1,175

1,180

1,185

1,189

1,201

1,195

1,209

1,319

1,275

1,262

1,446

1,902

2,598

857

1,852

1,271

1,276

4,691

5,288

6,929

0

0

0

Accretion of income on other investments, at fair value

396

424

461

780

1,186

1,423

1,515

1,195

1,235

1,123

1,146

1,227

1,051

1,213

1,420

1,756

2,011

2,333

2,653

2,660

2,248

1,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-1,412

-1,033

-676

1,279

1,115

490

-643

-872

-1,302

-1,111

-660

-688

-1,481

-1,969

-3,084

-4,008

-4,995

-4,231

-3,296

-2,052

196

-144

319

1,051

320

978

0

0

0

-

-

-

-

-

-

-

-

(Income) / loss from equity method affiliates

-652

-553

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

140

241

335

1,828

4,078

4,624

6,055

5,052

3,553

3,744

6,653

6,232

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

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

-451

2,113

1,035

916

1,598

2,126

3,852

1,998

903

799

998

1,414

2,419

2,405

541

-38

1,215

399

307

313

-887

675

-1,060

-541

-5,415

-12,377

-12,396

-11,081

-7,128

-6,325

-5,119

-4,963

-3,155

502

0

0

0

Depreciation and amortization

317

318

324

307

281

261

238

235

244

249

258

264

275

291

342

426

581

733

865

966

1,006

1,103

1,218

1,334

1,426

1,405

1,318

1,240

1,224

1,305

1,676

1,999

2,159

2,238

0

0

0

Impairment of goodwill

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on debt

592

548

560

631

716

820

916

975

1,036

1,054

1,027

999

971

988

898

938

1,008

1,006

1,222

1,290

1,311

1,386

1,261

1,141

1,024

906

0

0

0

-

-

-

-

-

-

-

-

Deferred tax provision (benefit)

-960

-678

-485

-896

-937

-838

-2,507

-1,939

-1,281

-1,279

298

334

324

330

-255

-159

-117

-84

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

8,811

34,535

1,393

2,682

5,219

8,559

2,174

-1,047

-836

-1,712

-148

2,129

251

1,146

-3,790

-2,787

-3,946

-5,319

-417

-788

543

1,636

1,169

-1,357

-1,637

-1,653

-2,324

1,651

1,512

2,851

1,511

-1,836

-1,703

-2,741

0

0

0

(Increase) decrease in investments-trading

90,272

6,617

24,466

57,714

113,857

98,978

115,200

45,301

56,891

45,079

-26,744

-8,267

-3,557

62,437

-9,213

34,696

-33,225

-32,007

-8,272

-5,754

-1,000

9,130

62,909

-62,615

-6,407

-58,521

-119,272

10,683

-7,486

51,593

68,290

-588

-192,401

-138,811

0

0

0

(Increase) decrease in other assets

-1,619

3,768

1,046

1,072

22

683

279

226

91

-1,923

-2,148

-1,981

-1,879

-391

-730

-1,427

-1,245

-1,732

-1,528

-593

-153

155

-37

-629

-515

596

-225

263

-711

-1,583

-2,922

-4,470

-4,160

-7,615

0

0

0

(Increase) decrease in receivables under resale agreement

1,504,049

-132,228

-262,697

2,127,090

2,070,027

5,577,027

6,879,075

3,517,422

2,126,340

1,773,382

148,255

64,953

138,506

153,810

159,556

172,610

64,603

26,336

62,214

136,771

46,734

72,280

-28,351

-65,469

-37,237

-40,715

-58,172

-145,845

-114,569

-59,868

0

0

0

-

-

-

-

Change in receivables from / payables to related parties, net

214

327

382

219

113

2

98

-411

-432

-538

-524

-34

-66

20

183

208

305

525

-2

196

127

-47

319

390

252

-195

28

-279

-74

223

-331

-307

-104

259

0

0

0

Increase (decrease) in accrued compensation

6,416

-1,208

-647

-22

802

848

713

-344

-1,172

-389

-482

-700

-113

1,183

912

1,870

693

-442

222

-823

234

-170

-2,194

-547

-2,020

-4,007

-4,984

-3,028

-3,012

-497

-842

-7,078

-4,284

-10,942

0

0

0

Increase (decrease) in accounts payable and other liabilities

68,701

7,855

-5,852

3,448

5,585

6,334

12,024

5,801

2,120

1,220

303

-146

-80

367

-854

-554

-893

-1,723

325

-609

-1,081

-2,804

-1,755

-4,885

-4,897

-4,860

-6,336

-3,398

-2,577

-1,544

-1,620

-2,062

-3,963

-3,149

0

0

0

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

16,522

-42,175

8,796

19,090

3,390

28,235

-8,773

-29,632

-19,373

6,704

34,454

48,325

38,755

45,999

-5,373

-5,797

-5,011

-9,556

16,583

20,911

30,363

-764

-9,003

-19,623

-9,657

5,337

-2,468

-9,757

-31,239

-55,446

-11,137

31,828

-1,939

38,691

0

0

0

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

-65,131

-73,343

-8,801

-7,973

-92,386

-44,824

-98,188

-65,567

-41,135

-22,379

83,183

71,422

69,698

11,384

29,719

-6,224

35,211

30,410

35,287

32,782

39,279

-17,512

-82,007

32,196

-14,310

55,081

109,472

-32,657

-51,302

-130,316

-98,078

10,165

100,009

99,180

0

0

0

Increase (decrease) in securities sold under agreements to repurchase

1,505,659

-137,321

-258,306

2,136,410

2,072,746

5,605,165

6,909,787

3,547,191

2,173,959

1,771,154

145,333

54,521

138,254

167,532

174,115

193,928

64,636

26,057

62,024

135,988

46,188

73,108

-28,195

-66,714

-36,650

-41,525

-58,317

-140,618

-118,732

-64,597

110,412

65,063

-43,798

-93,566

0

0

0

Increase (decrease) in deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,608

1,391

1,369

897

-95

699

675

1,389

0

0

0

Net cash provided by (used in) operating activities

58,277

-15,463

-15,552

-27,920

-20,924

-6,999

7,816

22,208

12,631

-11,916

-21,153

-22,169

-21,493

-8,731

-4,081

-5,520

-1,890

-4,152

-3,066

-4,056

-6,722

4,114

-3,245

-1,790

-2,434

-8,231

-714

8,388

14,972

14,748

3,138

-20,936

-33,518

-6,299

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

679

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of Star Asia and related entities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,924

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,956

0

0

0

Purchase of investments-other investments, at fair value

1,638

1,927

2,231

8,685

10,508

26,865

0

0

0

-

-

-

-

237

237

16

157

11

-11

4,679

18,069

25,290

26,283

21,814

8,955

2,035

0

0

0

-

-

-

-

3,068

0

0

0

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

7,332

10,114

26,222

35,702

34,033

30,023

13,452

2,923

3,857

3,402

3,529

5,775

7,627

8,411

9,330

8,634

10,465

12,031

11,490

11,145

7,587

5,947

5,498

5,017

2,829

2,082

1,997

1,049

957

379

3,776

3,781

7,608

7,708

0

0

0

Investment in equity method affiliate

2,674

4,352

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

20

4,720

4,720

4,716

5,004

4,595

4,855

5,021

0

0

0

Return from equity method affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

0

0

0

-

-

-

-

12,093

0

0

0

-

-

-

-

Return from equity method affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchase of furniture, equipment, and leasehold improvements

144

101

517

723

983

1,002

649

394

162

143

86

116

167

223

249

217

140

149

0

0

0

-

-

-

-

849

818

699

552

193

203

210

321

470

0

0

0

Net cash provided by (used in) investing activities

2,876

3,734

19,699

22,519

18,767

2,156

-20,154

-23,511

-20,225

-3,896

3,443

5,659

7,370

7,951

8,844

8,401

10,168

11,871

11,350

6,314

-10,734

464

-874

2,959

16,449

2,941

8,330

6,354

8,902

9,110

7,841

4,162

9,144

-6,704

0

0

0

Financing activities
Proceeds from draws on revolving credit facility

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (repayment of) debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from non-convertible debt

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for debt issuance costs

-

-

-

-

-

-

-

-

-

800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,270

0

0

0

-

-

-

-

Proceeds from redeemable financial instruments

-

1,268

0

0

0

-

-

-

-

11,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash used to net share settle equity awards

54

128

128

128

128

75

75

75

75

100

100

100

100

28

0

0

0

-

-

-

-

87

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash used to net share settle equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchase and retirement of Common Stock

-

299

233

514

763

769

0

0

0

-

-

-

-

2,325

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from non-controlling interest investment

-

2,550

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PrinceRidge non-controlling interest redemptions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

789

0

0

0

-

-

-

-

-

-

-

-

Cash used to net share settle equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

PrinceRidge non-controlling interest redemptions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

PrinceRidge mandatorily redeemable equity interest repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

0

0

0

-

-

-

-

-

-

-

-

IFMI non-controlling interest distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Non-controlling interest distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

425

425

426

427

427

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

-

0

0

0

Cohen & Company Inc. dividends

520

519

743

973

987

966

983

995

1,011

985

981

973

724

954

982

1,067

1,132

1,193

1,247

1,230

1,252

1,278

1,288

1,219

1,167

1,066

1,044

1,028

969

953

1,158

1,454

1,784

2,115

0

0

0

Net cash provided by (used in) financing activities

15,093

5,936

5,053

2,025

28

-3,722

-4,538

7,125

7,736

23,118

29,585

19,581

20,018

2,268

-7,754

-7,762

-7,763

-5,620

-1,854

-2,041

-5,290

-5,289

-10,911

1,736

4,361

4,032

1,893

-17,779

-27,944

-27,717

-23,803

-20,221

-11,038

-12,796

0

0

0

Effect of exchange rate on cash

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate on cash

-

-

-

-

-

-

0

0

436

-

173

-38

-332

-387

-303

-314

18

-237

-299

-267

-458

-197

-35

107

135

-81

-72

9

-225

138

67

-221

-66

74

0

0

0

Net increase (decrease) in cash and cash equivalents

76,171

-5,802

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

578

-

12,048

3,033

5,563

1,101

-3,294

-5,195

533

1,862

6,131

-50

-23,204

-908

-15,065

3,012

18,511

-1,339

9,437

-3,028

-4,295

-3,721

-12,757

-37,216

-35,478

-25,725

0

0

0