Cohen & co inc. (COHN)
Income statement / Quarterly
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'11Sep'10Jun'10
Revenues
Net trading

-

-

-

-

-

-

-

-

-

-

-

-

8,075

-

10,486

11,285

10,202

8,680

8,333

6,742

7,271

-

6,327

6,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net trading

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,929

-

7,824

11,630

13,059

18,175

13,669

19,951

17,691

15,645

14,008

16,240

27,274

14,025

19,690

Asset management

-

-

-

-

-

-

-

-

-

-

-

-

2,692

-

1,781

1,569

2,312

2,792

2,332

2,260

2,298

4,493

2,740

3,194

4,069

5,865

4,457

4,155

4,762

-

8,465

4,608

-

-

-

-

-

-

-

New issue and advisory

-

-

-

-

-

-

-

-

-

-

-

-

1,112

-

811

984

381

1,102

2,119

651

1,498

2,215

286

2,388

330

1,159

3,692

572

995

-

1,758

189

-

-

-

-

-

-

-

Asset management

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,937

-

5,296

5,255

5,970

6,036

6,244

New issue and advisory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,077

-

705

1,131

109

30

1,405

Principal transactions and other income

-2,406

415

520

754

414

-299

2,603

1,622

647

881

222

2,680

2,613

2,288

1,012

527

840

-3,190

143

1,398

1,727

2,888

1,199

2,033

1,859

-1,368

2,113

-2,623

-4,790

-1,957

4,174

289

-4,945

1,220

869

831

-1,039

3,013

8,472

Total revenues

17,770

16,090

11,267

11,169

11,140

15,621

12,237

12,190

9,338

11,675

10,001

11,374

14,492

13,158

14,090

14,365

13,735

9,384

12,927

11,051

12,794

17,776

10,552

14,235

13,187

11,671

18,086

13,734

14,026

23,377

28,066

25,037

18,760

23,682

20,878

23,457

32,314

23,104

35,811

Operating expenses
Compensation and benefits

14,134

6,159

7,017

6,432

6,364

6,425

7,177

6,589

5,194

5,034

4,759

5,549

7,185

6,740

7,464

8,388

8,540

7,245

7,044

6,151

7,588

7,626

6,600

7,568

7,970

9,620

11,529

12,521

13,497

13,140

16,484

17,053

16,274

15,407

19,399

21,433

21,988

13,787

23,272

Business development, occupancy, equipment

756

926

770

895

811

759

725

644

867

702

738

697

586

562

718

651

664

845

901

824

818

955

904

979

1,058

1,546

1,429

1,387

1,455

1,825

1,520

1,276

1,174

1,349

1,942

1,835

1,439

1,392

1,338

Subscriptions, clearing, and execution

2,580

2,950

2,403

2,056

2,273

2,209

2,433

2,151

1,834

2,127

1,789

1,667

1,713

1,723

1,678

1,502

1,522

2,032

1,786

1,498

1,848

2,422

1,843

2,052

2,199

3,661

2,495

2,349

2,317

2,872

2,602

2,899

3,073

2,983

3,500

2,727

2,815

3,354

1,653

Professional fee and other operating

1,782

1,942

1,440

1,190

1,679

3,855

1,483

1,379

1,742

-

1,666

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional fee and other operating

-

-

-

-

-

-

-

-

-

-

-

1,674

2,354

-

1,513

1,542

1,663

2,151

2,488

1,840

2,025

2,296

1,537

1,908

3,321

3,439

3,436

3,016

3,519

3,746

4,015

2,636

3,051

7,052

3,237

5,137

4,015

4,494

4,216

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

628

628

Impairment of goodwill

7,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,121

-

-

-

-

-

-

-

-

-

-

-

-

-

5,607

-

Total operating expenses

27,215

12,056

11,710

10,651

11,208

13,333

11,881

10,815

9,698

9,576

9,012

9,648

11,904

10,697

11,439

12,155

12,471

12,395

12,369

10,540

12,513

13,553

11,135

15,895

14,879

18,635

19,256

19,632

21,098

21,865

24,910

24,207

23,963

27,444

28,690

31,635

30,727

29,262

31,107

Operating income (loss)

-9,445

4,034

-443

518

-68

2,288

356

1,375

-360

2,099

989

1,726

2,588

2,461

2,651

2,210

1,264

-3,011

558

511

281

4,223

-583

-1,660

-1,692

-6,964

-1,170

-5,898

-7,072

1,512

3,156

830

-5,203

-3,762

-7,812

-8,178

1,587

-6,158

4,704

Non-operating income (expense)
Interest expense, net

-2,605

-2,255

-1,536

-1,939

-1,854

-2,282

-2,185

-2,201

-1,819

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

2,282

-

-

-

-

1,606

1,112

1,612

1,762

991

992

990

971

984

991

976

1,084

1,079

1,109

1,129

1,082

1,047

1,035

1,029

-

-

-

-

-

-

-

-

-

1,829

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

868

1,104

1,215

1,765

1,282

1,447

1,482

2,345

-

Other income / (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

-4,357

-

-

-

-

-

-

-

Gain on repurchase of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

Gain on repurchase of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,632

-

Gain on sale of management contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

836

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

6,112

-122

Income (loss) before income tax expense (benefit)

-12,157

1,591

-2,088

-1,669

-1,930

6

-1,829

-826

-2,179

251

-617

614

976

699

1,660

1,218

274

-3,982

-426

-480

-695

3,139

-1,662

-2,768

-2,795

-7,948

-2,116

-6,838

-6,582

3,330

3,018

-3,105

-5,899

-4,630

-8,256

-5,190

200

-759

3,589

Income tax expense (benefit)

-372

394

-170

-641

-106

418

-595

-636

-28

-1,359

141

2

5

265

130

17

10

-182

221

-15

61

-575

62

89

10

-1,804

-1,807

34

12

-723

54

63

-9

-498

-571

133

-213

-622

392

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

-137

3,197

Less: Net income (loss) attributable to the non-controlling interest

-8,683

423

-702

-618

-622

6

-583

-270

-677

97

-211

186

299

237

489

371

65

-1,157

-114

-120

-198

823

-469

-734

-707

-2,132

-205

-2,170

-2,094

1,092

956

-1,090

-2,031

-5,423

-3,640

1,686

38

-138

1,137

Net income (loss) attributable to Cohen & Company Inc.

-3,102

774

-1,216

-410

-1,202

-418

-651

80

-1,474

1,513

-547

426

672

197

1,041

830

199

-2,643

-533

-345

-558

2,891

-1,255

-2,123

-2,098

-4,012

-104

-4,702

-4,500

2,961

2,008

-2,078

-3,859

-2,347

-4,045

-3,371

375

1

2,060

Income (loss) per share data (see note 20):
Income (loss) per common share-basic:
Basic income (loss) per common share

-2.70

0.67

-1.06

-0.36

-1.06

-0.37

-0.57

0.07

-1.26

1.25

-0.45

0.35

0.56

0.90

0.88

0.07

0.01

-2.67

-0.03

-0.02

-0.04

0.19

-0.08

-0.14

-0.14

-0.27

-0.01

-0.40

-0.40

0.28

0.19

-0.19

-0.37

-0.22

-0.38

-0.31

0.03

-

0.20

Weighted average shares outstanding-basic

1,146

1,125

1,143

1,143

1,133

1,117

1,145

1,172

1,172

1,198

1,212

1,216

1,199

-21,481

1,180

11,905

13,271

-39,691

15,229

15,229

15,149

14,953

15,066

15,105

14,868

14,476

11,875

11,658

11,350

10,881

10,849

10,756

10,443

10,211

10,594

10,901

10,819

10,428

10,428

Income (loss) per common share-diluted:
Diluted income (loss) per common share

-2.70

0.67

-1.06

-0.36

-1.06

-0.37

-0.57

0.07

-1.26

1.18

-0.45

0.35

0.52

0.90

0.87

0.07

0.01

-2.67

-0.03

-0.02

-0.04

0.19

-0.08

-0.14

-0.14

-0.27

-0.01

-0.40

-0.40

0.29

0.18

-0.19

-0.37

-0.22

-0.38

-0.31

0.03

-

0.20

Weighted average shares outstanding-diluted

3,940

1,706

1,676

1,676

1,665

1,649

1,677

1,719

1,704

3,827

1,745

2,791

2,004

-30,643

1,726

17,291

18,677

-53,534

20,553

20,553

20,473

20,277

20,390

20,429

20,192

19,800

17,200

16,982

16,674

16,058

16,176

16,008

15,695

15,441

15,853

16,185

16,125

15,712

15,712

Dividends declared per common share

-

0.00

0.00

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.56

0.20

0.02

0.02

0.74

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.05

0.05

0.05

0.05

0.05

-

Comprehensive income (loss)
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

-137

3,197

Other comprehensive income (loss) item:
Foreign currency translation adjustments, net of tax of $0

-100

125

-152

16

9

-41

-30

-154

107

29

91

141

48

-120

-30

-96

-30

-183

56

146

-238

-96

-162

74

16

57

273

6

-366

19

237

-229

189

-

-193

-8

-

-

-

Other comprehensive income (loss), net of tax of $0

-100

125

-152

16

9

-41

-30

-154

107

29

91

141

48

-120

-30

-96

-30

-183

56

146

-238

-96

-162

74

16

57

273

6

-366

19

237

-229

189

-

-193

-8

-

-

-

Foreign currency translation adjustments, net of tax of $0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

362

-

-

Other comprehensive income / (loss), net of tax of $0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

362

-

-

Comprehensive income (loss)

-11,885

1,322

-2,070

-1,012

-1,815

-453

-1,264

-344

-2,044

1,639

-667

753

1,019

314

1,500

1,105

234

-3,983

-591

-319

-994

3,618

-1,886

-2,783

-2,789

-6,087

-36

-6,866

-6,960

4,072

3,201

-3,397

-5,701

-4,497

-7,878

-5,065

775

-

-

Less: comprehensive income (loss) attributable to the non-controlling interest

-8,754

464

-749

-614

-619

6

-593

-318

-644

107

-186

229

311

200

480

341

55

-1,086

-219

-82

-260

800

-512

-714

-703

-2,117

-121

-2,168

-2,211

1,107

1,033

-1,183

-1,968

-5,461

-3,707

1,688

160

-

-

Comprehensive income (loss) attributable to Cohen & Company Inc.

-3,131

858

-1,321

-398

-1,196

-446

-671

-26

-1,400

1,532

-481

524

708

114

1,020

764

179

-2,897

-372

-237

-734

2,818

-1,374

-2,069

-2,086

-3,970

85

-4,698

-4,749

2,965

2,168

-2,214

-3,733

-2,412

-4,171

-3,377

615

-

-

Net Trading [Member]
Total revenue

18,561

12,299

8,479

8,670

8,724

9,105

6,816

7,186

6,191

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Management [Member]
Total revenue

1,615

1,795

2,018

1,745

2,002

4,709

2,818

3,205

1,804

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Issue And Advisory [Member]
Total revenue

-

-

250

-

-

2,106

0

177

696

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-