B. riley financial, inc. (RILY)
Balance Sheet / 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'11Dec'10
Assets
Assets:
Cash and cash equivalents

124,231

104,268

170,587

55,609

163,462

179,440

233,918

191,274

74,339

132,823

102,409

104,670

71,541

112,105

26,474

48,123

26,786

30,012

45,922

42,128

10,331

21,600

25,542

43,043

16,904

18,867

13,969

20,597

31,093

18,721

18,987

23,435

20,806

15,034

16,420

17,390

20,080

Restricted cash

471

471

471

2,635

7,491

838

468

467

23,371

19,711

9,269

5,632

518

3,294

78,287

12,108

52

51

124

502

25,654

7,657

3,578

132

80

325

2,538

1,225

230

7,923

6,767

100

256

0

5,373

-

-

Due from clearing brokers

10,879

23,818

27,791

29,245

22,418

37,738

54,891

35,242

47,896

31,479

21,580

6,297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities and other investments owned, at fair value

287,786

408,213

326,616

270,290

288,802

273,577

222,521

160,540

150,817

145,360

95,965

78,204

41,093

16,579

9,028

24,644

-

25,543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities borrowed

674,163

814,331

720,207

759,921

827,242

931,346

1,042,295

1,013,988

861,092

807,089

730,022

909,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities owned, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,610

-

17,548

13,682

10,614

17,955

16,164

2,985

-

0

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

46,450

46,624

47,419

56,450

43,975

42,123

38,958

33,111

25,382

20,015

19,924

19,319

18,022

18,989

15,112

7,997

7,945

9,472

10,069

23,424

14,815

10,098

11,546

14,061

10,153

8,858

9,675

9,015

9,050

16,591

6,148

5,816

8,179

7,482

12,391

4,884

3,087

Due from related parties

4,391

5,832

6,689

4,318

1,965

1,729

9,921

8,042

6,016

5,689

6,082

6,765

4,267

3,009

731

2,255

1,875

409

3,703

1,097

545

0

66

305

132

-

18

-

373

-

-

-

-

-

-

-

-

Advances against customer contracts

11,121

27,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances against customer contracts

-

-

-

5,322

-

-

-

-

-

-

-

-

-

427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease finance receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,992

7,992

7,992

8,099

-

-

-

0

-

-

-

-

-

-

-

Lease finance receivable - current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,829

-

-

-

-

-

-

-

-

-

-

Advances against customer contracts

-

-

-

-

-

-

21,405

200,036

7,695

5,208

5,298

40,991

1,474

-

5,020

5,609

200

5,013

2,789

3,146

5,762

16,303

175

175

195

1,058

1,548

283

2,218

2,441

2,813

4,917

4,974

5,276

15,906

372

3,063

Loans receivable, at fair value (includes $216,302 from related parties at March 31, 2020)

326,299

43,338

295,898

250,521

53,448

38,794

37,147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans receivable, at cost (includes $157,080 from related parties at December 31, 2019)

-

225,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,968

2,638

2,216

2,686

2,331

12,467

0

12,907

12,839

13,504

Goods held for sale or auction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,145

36

-

37

-

-

-

-

-

-

-

-

5,430

11,553

10,239

10,196

10,626

10,286

-

12,934

-

-

-

Goods held for sale or auction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

-

39

39

2,022

4,117

3,152

4,906

-

13,964

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

114,686

81,808

112,309

140,817

87,942

79,477

50,193

42,203

39,468

22,605

20,375

10,986

3,592

5,742

4,543

8,507

2,993

2,415

1,351

1,229

1,200

3,795

1,453

1,578

1,516

948

1,237

1,572

1,608

1,145

1,175

961

1,482

1,110

2,785

2,039

1,353

Operating lease right-of-use assets

46,213

47,809

49,642

50,943

51,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

-

-

-

-

-

-

-

-

-

-

-

-

140,507

-

148,340

109,279

65,497

72,952

86,190

89,892

75,588

81,525

73,317

78,814

45,748

56,692

43,122

50,685

61,203

63,958

55,184

57,270

61,506

58,446

74,134

45,876

52,480

Note receivable related party - net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

497

645

-

-

0

-

-

-

-

-

-

-

Lease finance receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,506

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

12,223

12,727

13,171

13,997

15,644

15,523

11,143

11,195

11,467

11,977

13,105

13,450

5,409

5,785

5,765

475

519

592

651

729

803

776

862

956

995

1,090

1,066

1,335

1,036

970

897

960

827

916

1,059

1,241

1,369

Goodwill

223,697

223,697

220,562

220,181

223,243

223,368

120,129

99,246

98,771

98,771

100,903

67,335

48,903

48,903

52,634

34,528

34,528

34,528

34,528

34,528

34,528

27,557

27,639

27,816

5,688

5,688

5,688

5,688

5,688

5,688

5,688

5,688

5,688

5,688

5,688

5,688

5,688

Other intangible assets, net

212,500

220,525

79,488

82,765

88,479

91,358

51,011

52,603

54,788

56,948

59,671

45,033

39,239

41,166

40,913

4,545

4,656

4,768

4,880

4,991

5,107

2,799

2,865

2,931

140

140

140

140

140

140

140

140

140

140

140

140

221

Goods held for sale or auction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,906

-

-

-

-

-

-

-

-

-

-

-

-

Loan receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

537

779

5,027

8,306

-

-

-

Note receivable related party - current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

703

686

377

415

611

680

3,750

3,844

3,844

3,224

3,224

5,930

Deferred income taxes

35,786

31,522

36,041

35,969

42,789

42,399

26,901

29,222

29,227

29,229

41,474

33,407

18,894

8,619

11,509

18,722

-

18,992

4,645

4,645

4,645

-

3,649

3,637

3,870

3,870

4,192

4,095

3,339

4,114

4,765

4,895

4,471

4,460

5,128

5,128

5,463

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,841

-

15,505

15,457

19,246

25,601

9,666

9,236

9,554

8,739

9,484

9,484

9,252

9,484

10,311

9,915

9,915

10,504

9,972

11,866

11,372

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,415

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

1,981

-

2,193

1,989

2,106

588

615

1,748

629

732

1,411

1,100

780

831

886

406

275

343

642

1,022

740

664

727

850

1,144

Total assets

2,130,896

2,318,178

2,106,891

1,978,983

1,917,986

1,957,710

1,920,901

1,877,169

1,430,329

1,386,904

1,226,077

1,341,420

254,933

264,618

261,354

169,538

126,147

132,420

142,369

147,345

135,901

138,990

115,760

120,853

62,905

73,677

65,537

67,738

77,594

80,583

72,862

74,995

78,816

76,358

91,720

68,076

72,274

Liabilities and Equity
Liabilities:
Accounts payable

6,858

4,477

6,239

2,136

5,217

5,646

2,278

3,790

3,180

2,650

4,046

3,184

2,498

2,703

4,188

1,084

1,466

1,123

-

-

-

1,093

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and related expenses

-

-

-

-

-

-

-

-

-

-

-

-

6,159

-

9,404

3,084

-

7,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,294

-

-

-

-

6,017

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued value added tax payable

-

-

-

-

-

-

-

-

-

-

-

-

169

-

900

34

2

1,785

-

-

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

15,260

-

-

-

-

740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

103,452

130,714

115,062

93,832

90,921

108,662

87,901

72,986

57,746

71,685

58,954

62,573

18,389

53,168

18,279

5,335

5,314

5,392

-

-

-

5,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

73,709

67,121

68,385

-

-

69,066

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

68,097

69,959

-

-

-

-

3,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Auction and liquidation proceeds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,959

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

3,205

3,600

3,519

-

3,181

3,731

3,815

4,130

3,863

-

-

346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,551

21,071

13,717

-

12,574

12,137

9,118

11,578

9,120

8,715

16,058

16,886

12,514

11,703

15,602

13,718

19,304

8,681

10,631

Due to related parties and partners

1,061

1,750

2,814

1,563

1,428

2,428

1,428

7,398

2,378

1,578

1,244

393

416

10,037

0

-

0

166

0

0

0

213

0

0

0

45

-

46

-

0

-

-

-

-

-

-

-

Due to clearing brokers

5,126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Auction and liquidation proceeds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

665

1,220

-

-

0

34

15

246

864

612

625

424

18

-

307

1,712

Securities sold not yet purchased

14,298

41,820

29,092

42,754

35,948

37,623

59,672

17,583

19,736

28,291

25,046

3,526

1,659

846

370

5,932

953

713

6,481

8,057

956

746

2,811

6,489

-

0

-

-

-

-

-

-

-

-

-

-

-

Securities loaned

670,859

810,495

714,947

759,109

824,833

930,522

1,035,408

1,012,240

854,723

803,371

728,201

911,991

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Participating note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,822

-

-

-

0

0

4,500

6,570

6,570

6,570

6,570

6,856

7,132

7,697

8,458

9,628

9,695

9,577

11,449

11,555

19,332

11,705

12,014

Mandatorily redeemable noncontrolling interests

4,508

4,616

4,395

4,224

4,529

4,633

4,409

4,238

4,536

4,478

12,830

9,641

3,850

4,019

2,764

2,512

-

2,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

59,430

61,511

63,817

65,499

65,855

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mandatorily redeemable noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,754

-

2,921

2,617

3,023

2,922

2,823

2,998

2,613

2,823

2,832

2,650

2,535

2,856

2,817

2,562

2,738

3,408

3,434

2,639

2,858

Asset based credit facility

-

-

-

-

-

-

-

105,004

-

-

-

20,237

-

-

-

-

-

-

0

0

4,474

18,506

0

0

0

5,710

-

-

-

0

-

-

-

-

-

-

-

Acquisition consideration payable

-

-

-

-

-

-

-

-

-

-

0

0

10,381

10,381

10,381

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

714

38,167

1,193

1,193

1,193

1,550

1,671

52,286

1,886

2,243

2,364

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan participations sold

12,405

12,478

28,872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan

61,932

66,666

71,393

80,916

-

79,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan

-

-

-

-

89,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

272

70

127

1,880

56

425

1,352

4

333

1,256

1,516

1,728

2,304

1,266

2,044

1,615

1,942

1,694

2,290

-

Contingent consideration- current portion

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,219

1,196

-

1,241

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration- current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,172

-

1,218

1,195

1,172

0

0

1,085

1,085

1,724

1,724

1,724

1,724

1,724

1,724

1,724

1,724

1,724

3,142

1,724

1,724

Current portion of capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5

13

20

28

29

29

27

27

27

Total current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

62,596

-

112,190

35,136

14,955

21,950

28,241

33,067

29,722

41,911

26,423

30,631

19,390

29,069

22,098

22,363

30,754

34,275

28,648

28,263

33,581

32,394

46,933

27,373

28,966

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

2,578

-

5,570

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior notes payable

853,523

688,112

701,278

582,482

465,040

459,754

455,783

333,768

210,960

203,621

115,574

86,065

27,754

27,700

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

0

-

-

1,242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

1,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6

13

22

29

42

Contingent consideration, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,129

1,107

1,086

0

0

0

48,759

48,759

48,759

50,483

50,483

50,483

50,483

52,207

52,207

52,207

52,207

52,169

52,169

Total liabilities

1,867,875

1,927,927

1,807,487

1,701,805

1,654,061

1,699,050

1,651,755

1,612,893

1,158,664

1,121,058

951,440

1,101,341

92,928

114,226

117,760

35,136

14,955

23,100

29,370

34,174

30,808

41,911

26,423

30,631

68,149

77,828

70,857

72,846

81,237

84,758

79,131

80,470

85,794

84,614

99,162

79,571

81,177

Commitments and contingencies (Note 14)

-

-

-

-

-

-

0

-

-

-

0

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

B. Riley Financial, Inc. stockholders' equity:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 2,531 and 2,349 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively; liquidation preference of $63,273 and $58,723 as of March 31, 2020 and December 31, 2019, respectively.

-

-

-

-

-

-

0

0

0

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.0001 par value; 100,000,000 shares authorized; 25,988,565 and 26,972,332 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively.

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

4

4

4

4

4

4

4

4

4

4

4

4

4

Additional paid-in capital

308,472

323,109

259,237

255,865

257,888

258,638

255,236

244,631

261,413

259,980

259,047

220,628

143,228

141,170

141,389

140,555

117,236

116,799

116,423

115,671

115,255

110,598

99,454

99,454

3,082

3,086

3,082

3,082

3,082

3,082

3,082

3,082

3,177

3,177

3,177

3,191

2,878

(Accumulated deficit) retained earnings

-70,232

39,536

41,957

22,424

7,468

1,579

14,842

20,408

10,882

6,582

15,956

19,054

18,888

9,887

2,210

-6,158

-6,057

-6,305

-4,323

-2,523

-10,209

-12,891

-9,590

-8,722

-7,945

-6,611

-7,545

-7,911

-6,380

-7,669

-10,051

-9,504

-10,123

-11,190

-10,536

-14,567

-11,792

Accumulated other comprehensive loss

-3,208

-1,988

-2,345

-1,824

-1,991

-2,161

-1,696

-1,619

-754

-534

-321

-666

-1,067

-1,712

-1,098

-1,075

-993

-1,058

-935

-656

-727

-648

-627

-658

-661

-638

-809

-746

-875

-520

-36

16

-36

-247

-87

-123

7

Total B. Riley Financial, Inc. stockholders' equity

235,035

360,660

298,852

276,468

263,367

258,058

268,384

263,422

271,543

266,030

274,684

239,018

161,051

149,347

142,503

133,324

110,188

109,438

111,167

112,494

104,321

97,061

89,239

90,076

-5,520

-4,163

-5,268

-5,571

-4,169

-5,103

-7,001

-6,402

-6,978

-8,256

-7,442

-11,495

-8,903

Noncontrolling interests

27,986

29,591

552

710

558

602

762

854

122

-184

-47

1,061

954

1,045

1,091

1,078

1,004

-118

1,832

677

772

18

98

146

276

12

-52

463

526

928

732

927

-

0

-

-

-

Total equity

263,021

390,251

299,404

277,178

263,925

258,660

269,146

264,276

271,665

265,846

274,637

240,079

162,005

150,392

143,594

134,402

111,192

109,320

112,999

113,171

105,093

97,079

89,337

90,222

-5,244

-4,151

-5,320

-5,108

-3,643

-4,175

-6,269

-5,475

-

-8,256

-

-

-

Total liabilities and equity

2,130,896

2,318,178

2,106,891

1,978,983

1,917,986

1,957,710

1,920,901

1,877,169

1,430,329

1,386,904

1,226,077

1,341,420

254,933

264,618

261,354

169,538

126,147

132,420

142,369

147,345

135,901

138,990

115,760

120,853

62,905

73,677

65,537

67,738

77,594

80,583

72,862

74,995

78,816

76,358

91,720

68,076

72,274