B. riley financial, inc. (RILY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net (loss) income

81,948

16,400

11,935

32,726

13,577

-5,795

576

4,340

602

-11,038

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

19,048

13,809

11,140

4,306

848

646

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

16,956

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-142

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

17,098

Depreciation and amortization

-

-

-

-

-

-

1,863

835

981

792

634

Provision for doubtful accounts

2,126

1,308

1,066

710

718

532

-12

108

424

60

-18

Share-based compensation

15,916

13,042

10,341

2,768

2,043

0

-

-

431

4,420

3,508

Recovery of key man life insurance

-

-

6,000

-

-

-

-

-

-

-

-

Impairment of goods held for sale or auction

-

-

-

-

-

4,675

-

-

-

-

-

Impairment of goods held for sale or auction

-

-

-

-

-

-

428

194

159

1,389

1,426

Accrued compensation plans

-

-

-

-

-

-

-

-

-

-

4,005

Non-cash interest and other

12,267

-4,068

-456

-136

-163

0

0

-

-1,083

193

-9

Effect of foreign currency on operations

78

916

769

-973

375

-137

-226

98

14

-21

-

Loss from equity investments

-1,431

7,986

-437

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

6,609

-

-

-

-

-

-

Impairment of leaseholds and other, lease loss accrual and loss on disposal of fixed assets

-

-

-

-

40

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-91

-

-

-

-

-

Amortization of discount on note payable

-

-

-

-

-

-

-

-

609

0

-

Loss from equity investment in Great American Real Estate, LLC and Shoon Trading Limited

-

-

-

-

-

-

-177

-120

-369

-1,640

-861

Gain from bargain purchase

-

-

-

-

-

-

-

1,366

0

-

-

Gain from bargain purchase

-

-

-

-

-

-

-

-

-

0

-

Loss on disposal of assets

-

-

-

-

-

-

0

-3

-4

-3

-32

Deferred income taxes

10,874

1,990

5,729

3,549

-

-2,984

989

1,366

1,871

-5,122

-11,664

Impairment of leaseholds and intangibles, lease loss accrual and gain on disposal of fixed assets

-286

4,142

3,602

-

-

-

-

-

-

-

-

Change in fair value of mandatorily redeemable noncontrolling interests

-

-

-

-

-

-

-

-

83

205

-

Income allocated for mandatorily redeemable noncontrolling interests

1,220

1,222

10,799

3,032

2,207

1,892

1,897

1,928

3,934

1,806

1,608

Change in operating assets and liabilities:
Securities and other investments owned

-

-

-

-

7,588

-

-

-

-

-

-

Due from clearing brokers

13,920

-6,259

3,359

-

-

-

-

-

-

-

-

Securities and other investments owned

165,765

128,217

82,143

-8,964

-

-

-

-

-

-

-

Securities borrowed

-117,015

124,257

-47,595

-

-

-

0

0

-

-

-

Accounts receivable and advances against customer contracts

33,927

12,948

-1,614

-

-

-

-

-

-

-

-

Accounts receivable and advances against customer contracts

-

-

-

1,847

-11,540

15,195

-5,145

6,172

7,032

3,524

-5,006

Lease finance receivable

-

-

-

-

-

-107

8,099

0

0

-

-

Securities and other investments owned

-

-

-

-

-

16,006

-

-

-

-

-

Goods held for sale or auction

-

-

-

-

-20

-9,414

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

0

-1,100

-

Inventory

-

-

-

-

-

-

-455

-1,618

0

0

-2,477

Goods held for sale or auction

-

-

-

-

-

-

1,625

-2,361

-224

-121

-

Loan receivable

-

-

-

-

-

-

-156

-8,519

8,306

0

-

Prepaid expenses and other assets

-9,588

24,395

1,506

-3,699

1,100

59

-167

33

-1,093

-3,222

-916

Accounts payable, accrued expenses and other liabilities

32,553

3,559

-30,374

23,330

3,943

-1,142

-3,971

1,641

3,300

-1,841

-5,572

Amounts due to/from related parties and partners

4,781

-4,705

11,826

2,766

622

-168

0

0

-

-

-

Securities sold, not yet purchased

4,197

9,332

7,678

133

-33

-176

0

0

-

-

-

Deferred revenue

-3,098

-564

-668

884

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

346

0

-

-

-

-

-

Securities loaned

-120,026

127,151

-64,255

-

-

-

-

-

-

-

-

Auction and liquidation proceeds payable

-

-

-

-317

-665

665

-

-

-

-

-

Auction and liquidation proceeds payable

-

-

-

-

-

-

-864

846

-1,694

1,266

-1,445

Net cash (used in) provided by operating activities

-

-

-

-

-

-23,030

-2,492

16,210

-2,045

-

-

Net cash provided by operating activities

-30,392

-104,814

-81,790

80,280

31,671

-

-

-

-

-6,083

18,881

Cash flows from investing activities:
Purchases of loans receivable

343,811

38,794

-

-

-

-

-

-

-

-

-

Repayments of loans receivable

-159,186

-

-

-

-

-

-

-

-

-

-

Loan participations sold

31,806

-

-

-

-

-

-

-

-

-

-

Repayment of loan participations sold

-18,911

-

-

-

-

-

-

-

-

-

-

Asset acquisition - Brands, net of cash acquired $2,160

114,912

-

-

-

-

-

-

-

-

-

-

Acquisition of magicJack, net of cash acquired $53,875

-

89,240

-

-

-

-

-

-

-

-

-

Acquisition of Wunderlich, net of cash acquired $4,259

-

-

25,478

-

-

-

-

-

-

-

-

Proceeds from notes receivable - related party

-

-

-

-

-

1,200

-

3,233

-

-

-

Cash acquired from acquisition of FBR & Co.

-

-

15,738

-

-

-

0

0

-

-

-

Acquisition of Wunderlich, net of cash acquired $4,259

-

-

-

-

-

-2,667

-

-

-

-

-

Acquisition of other businesses, net of cash acquired

-

-

-

-

2,451

0

0

1,246

0

0

-

Acquisition of other businesses

-

4,000

2,052

-

-

-

-

-

-

-

-

Acquisition of United Online, net of cash acquired $125,542 in 2016

-

-

10,381

33,430

-

-

-

-

-

-

-

Proceeds from sale of division of magicJack

6,196

-

-

-

-

-

-

-

-

-

-

Deconsolidation of Shoon Trading Limited

-

-

-

-

-

-

1,564

0

0

-

-

Purchase of noncontrolling interest in subsidiary

-

-

-

-

-

-

-

95

0

0

-

Purchases of property, equipment and intangible assets

3,461

5,432

825

729

239

252

1,142

634

264

592

828

Proceeds from sale of property, equipment and intangible assets

513

37

836

96

4

0

611

21

0

0

-

Decrease in note receivable - related party

-

-

-

-

-

-

-

-

2,706

-5,930

-

Proceeds from key man life insurance

-

-

6,000

-

-

-

-

-

-

355

-

Purchase of equity investments

33,391

16,640

1,674

-

-

-

21

120

1,202

949

1,125

Dividends and distributions from equity investments

-21,389

-2,628

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-7,604

7,282

-7,598

7,923

0

-459

-3,194

Net cash used in investing activities

-295,396

-151,441

-17,836

-34,063

4,918

-3,667

-

-

-

-6,657

1,241

Repayment of asset based credit facility

-

-

-

-

-

-

5,710

0

0

-

-

Net cash used in investing activities

-

-

-

-

-

-

5,482

-6,764

1,240

-

-

Cash flows from financing activities:
Repayment of revolving line of credit

-

-

-

-272

216

-277

-

-

-

-

-

Proceeds from asset based credit facility

140,439

300,000

65,987

56,255

-

-

-

-

-

-

-

Repayment of asset based credit facility

103,343

300,000

65,987

56,255

-

-

-

-

-

-

-

Proceeds from notes payable

-

51,020

-

-

-

0

-

-

7,000

0

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

305

Repayment of asset based credit facility

-

-

-

-

18,506

0

1,971

-362

-1,942

0

-

Proceeds of notes payable - related party

-

-

-

-

4,500

0

0

-

-

-

-

Repayment of notes payable - related party

-

-

-

-

4,500

0

0

-

-

-

-

Payment of financing costs

-

-

-

-

-

-

375

0

0

752

-

Repayment of notes payable

478

51,713

8,336

-

-

-

4,509

2,138

7,786

25

-

Proceeds from participating note payable

-

-

-

61,400

-

-

-

-

-

-

-

Payment of participating note payable and contingent consideration

4,250

-

1,250

62,650

-

32,010

-

-

-

-

-

Proceeds from term loan

10,000

80,000

-

-

-

12,796

-

-

-

-

-

Repayment of term loan

22,734

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes

281,924

258,997

179,471

27,664

-

0

-

-

-

-

-

Redemption of senior notes

-52,154

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

3,425

7,260

4,289

-

-

-

-

-

-

-

-

Payment of employment taxes on vesting of restricted stock

-2,022

-3,731

-3,486

-

-

-

-

-

-

-

-

Common dividends paid

41,138

22,684

16,755

-

-

-

-

-

-

-

-

Preferred dividends paid

264

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

4,273

18,703

-

-

-

-

-

-

-

-

-

Common stock warrants repurchased

2,777

-

-

-

-

-

-

-

-

-

23,013

Proceeds from formation of noncontrolling interests

-

-

-

-

-

-

-

78

0

0

-

Dividends paid

-

-

-

-

-

-

-

0

-

-

-

Proceeds from reverse merger dated July 31, 2009

-

-

-

-

-

-

-

-

-

-

69,258

Distribution to noncontrolling interests

1,958

1,067

11,261

2,007

4,042

1,794

1,930

2,466

3,301

1,522

1,317

ESPP shares and payment of employment taxes on vesting of restricted stock

-

-

-

-1,156

-

-

-

-

-

-

-

Payment of employment taxes on vesting of restricted stock

-

-

-

-

499

0

0

-

132

1,132

-

Dividends paid

-

-

-

5,334

5,219

479

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

1,724

1,724

1,724

9,868

Proceeds from offering common stock

63

-

-

22,759

-

51,233

0

0

-

-

-

Proceeds from issuance of preferred stock

56,566

-

-

-

-

-

-

-

-

-

-

Distribution to stockholder's

-

-

-

-

-

-

-

-

-

-

33,853

Net cash provided by financing activities

250,176

284,859

134,094

40,404

-28,050

29,469

-

-

-

-5,155

902

Increase (decrease) in cash, cash equivalents and restricted cash

-75,612

28,604

34,468

86,621

8,539

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-3,075

-5,888

-4,001

-

-

Effect of foreign currency on cash, cash equivalents and restricted cash

73

-860

2,667

-1,285

-127

-39

-

-

-240

-14

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

21,024

Effect of foreign currency on cash

-

-

-

-

-

-

231

129

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-75,539

27,744

37,135

85,336

8,412

2,733

146

3,687

-5,046

-17,909

-

Supplemental disclosures:
Interest paid

75,625

50,103

18,840

376

579

-

-

-

-

-

-

Interest paid

-

-

-

-

-

1,501

2,680

2,616

2,424

3,408

8,233

Taxes paid

-8,649

-6,497

-14,986

-685

1,688

44

-

-

-

-

-1,100

Taxes paid

-

-

-

-

-

-

175

278

11

9

-

Accrued interest added to Note payable principal balance

-

-

-

-

-

-

-

-

1,762

0

-

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-1,022

Issuance of long-term debt in connection with reverse merger dated July 31, 2009

-

-

-

-

-

-

-

-

-

-

60,000