B. Riley Financial, Inc. RILY Cash Flow

B. riley financial, inc. (RILY)

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
Cash flows from operating activities:
Net (loss) income
-99,249	17,516	34,144	22,309	7,979	-8,965	2,722	17,801	4,842	-5,451	122	3,363	13,901	23,009	8,374	-27	1,370	-1,046	2,618	8,569	3,436	-2,902	-916	-907	-1,070	1,000	236	-1,595	935	2,576	-767	1,464	1,067	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
4,956	4,831	4,473	4,831	4,913	4,041	3,098	3,333	3,337	3,435	3,415	2,248	2,042	1,925	1,982	196	203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-526
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195	-	187	133	131	146	320	690	707	224	201	209	201	356	186	218	221
Provision for doubtful accounts
724	480	579	834	233	468	192	343	305	239	123	379	325	888	-175	17	-20	-	-	-	60	366	133	33	0	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
5,322	5,640	4,728	2,934	2,614	4,392	3,091	3,001	2,558	2,662	3,739	3,033	907	937	834	560	437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	63	358
Fair value adjustments, non-cash
17,926	-	-	-	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goods held for sale or auction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	0	6	22	67	5	101	21	-	-	-	-
Non-cash interest and other
2,827	-2,674	11,797	3,880	-736	-2,684	486	-1,684	-186	-137	-153	-151	-15	11	-93	-23	-31	-45	-45	-44	-29	0	0	0	0	-	-	-	-	-	7	-74	77	65	-1,728	152	428
Effect of foreign currency on operations
-179	86	331	-209	-130	564	-230	534	48	-253	167	-312	1,167	-333	-640	0	0	12	368	34	-39	-59	-122	-168	212	-515	117	108	64	50	453	-341	-64	-71	-33	96	22
Loss from equity investments
-236	2,618	1,113	-1,400	-3,762	2,937	828	4,893	-672	-280	-157	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from equity investment in Great American Real Estate, LLC and Shoon Trading Limited
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-165	165	-40	-80	153	-106	-484	68
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	-3
Deferred income taxes
-4,254	4,516	-72	6,820	-390	-	-	-	-	30,289	-924	-14,512	-9,124	1,710	1,568	119	152	-	-48	3,789	1,710	-1,119	-455	-595	-815	1,067	-117	-968	1,007	1,478	-266	-424	578	136	1,894	-860	701
Impairment of intangibles and loss on disposal of fixed assets
4,046	-	-	-	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on extinguishment of debt
1,556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of leaseholds and intangibles, lease loss accrual and gain on disposal of fixed assets
-	-	-	-	-	-	315	1,117	286	-	1,467	1,371	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income allocated for mandatorily redeemable noncontrolling interests
175	363	411	277	169	375	304	368	175	33	3,498	6,866	402	1,582	490	535	425	411	680	714	402	312	299	948	333	333	528	745	291	431	504	624	369	396	2,145	655	738
Change in operating assets and liabilities:
Due from clearing brokers
12,939	3,973	1,454	-6,827	15,320	17,153	-19,649	12,654	-16,417	-9,899	-150	13,408	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities and other investments owned
-125,061	120,300	48,752	-18,561	15,274	51,056	61,981	9,723	5,457	40,793	375	16,461	24,514	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities borrowed
-140,168	94,124	-39,714	-67,321	-104,104	-110,949	28,307	152,896	54,003	82,403	-178,132	48,134	0	-	-	-	-	-	-	-	-7,341	-	13,179	1,110	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and advances against customer contracts
-15,674	25,282	-13,775	19,575	2,845	-23,034	-172,676	200,580	8,078	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and advances against customer contracts
-	-	-	-	-	-	-	-	-	-	-38,788	36,806	347	-24	2,958	5,355	-6,442	1,637	-13,616	6,211	-5,772	15,085	-2,511	2,206	415	-1,447	3,698	-65	-7,331	9,760	-1,563	-2,419	394	-4,176	12,102	-1,920	1,026
Lease finance receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-107	-545	8,644	0	0	-	-	-	-	-	-	-	-
Securities and other investments owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goods held for sale or auction
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-351	-687	588	-568	371	-1,421	0	0	0	608	-608
Goods held for sale or auction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,931	-	-4	0	-9,058	8,934	-7,846	-52	589	-307	377	-2,032	-399	-	-	-	-
Loan receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,206	-	-	-	0	-750	-242	-4,248	-3,279	-	-	-	-
Prepaid expenses and other assets
37,151	-19,207	-35,881	41,794	3,706	4,977	3,310	96	16,012	17,028	-534	-14,746	-242	-2,289	-9,055	5,585	2,060	1,109	-1,423	1,509	-95	-616	216	75	384	-547	396	-71	55	347	-521	-164	371	-1,600	119	574	-186
Accounts payable, accrued expenses and other liabilities
-22,097	1,080	30,330	2,394	-1,251	-6,552	4,791	15,369	-10,049	8,223	-15,849	-11,621	-11,127	20,298	9,030	645	-6,643	-1,428	-3,847	7,811	1,407	1,051	338	-61	-2,470	2,336	1,494	-7,445	-356	3,738	1,136	-5,119	1,886	-5,182	10,431	3,129	-5,078
Amounts due to/from related parties and partners
-752	207	1,120	2,218	1,236	-9,192	7,849	-2,889	-473	-487	-1,020	2,425	10,908	2,278	-1,447	379	1,556	-3,294	2,606	552	758	-279	-177	111	177	-18	64	-419	373	0	0	0	0	-	-	-	-
Securities sold, not yet purchased
-27,522	12,728	-13,662	6,806	-1,675	-22,049	42,089	-2,153	-8,555	-22	5,025	1,862	813	476	-5,562	4,980	239	-5,768	-1,576	7,101	210	-2,036	-3,707	5,567	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
6,589	-2,596	288	-1,683	893	-628	-395	81	378	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-877	-110	-315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities loaned
-139,636	95,549	-44,162	-65,724	-105,689	-104,886	23,168	157,517	51,352	75,170	-183,790	44,365	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Auction and liquidation proceeds payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-665	-	1,220	0	0	-34	19	-231	-618	252	-13	201	406	18	-307	-5,576	4,171
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,360	-1,045	-	7,178	19,474	17,342	-17,245	-11,655	578	5,292	-454	-2,104	-7,584	7,650	-	-	-	-	-	-	-	-
Net cash provided by operating activities
455	-76,615	44,785	-7,486	8,924	-25,919	129,871	-154,711	-54,055	-33,011	34,041	-43,965	-38,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,638	6,431	7,508	-	-2,547	-2,981	-162
Cash flows from investing activities:
Purchases of loans receivable
115,328	-6,884	125,623	204,918	20,154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of loans receivable
-42,128	-60,444	-81,102	-12,140	-5,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of loan receivable to related party
1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of loan participations sold
-244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, equipment and other
438	-	-	-	1,746	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, equipment and intangible assets
1	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired from acquisition of FBR & Co.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	-	177	2,491	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of other businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-49	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, equipment and intangible assets
-	-	-	-	-	3,118	478	1,143	693	275	244	115	191	432	239	40	18	43	25	42	129	109	101	6	36	170	266	459	247	231	106	232	65	27	4	194	39
Proceeds from sale of property, equipment and intangible assets
-	-	-	-	-	-	-	-	-	217	0	160	459	81	15	0	0	0	0	0	4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in note receivable - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	196	-	3,070	94	0	0	0	0	2,706
Purchase of equity investments
-	0	8,208	14,625	10,558	9,784	3,281	0	3,575	659	1,015	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	40	80	871	175	110	46
Dividends and distributions from equity investments
-589	-19,935	-600	-421	-433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,135	12,025	1	-71	-378	-25,152	17,997	4,079	3,446	2	-245	-2,213	1,313	995	-7,693	1,156	6,667	-156	256	-5,373	5,373	-113	113
Net cash used in investing activities
-71,492	-43,952	-23,868	-201,063	-26,513	-104,892	-42,870	589	-4,268	-717	-26,737	9,350	268	77,810	-99,789	-12,065	-19	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,682	-1,363	-401	-	-3,143	-2,600	2,508
Repayment of asset based credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,032	-	0	0	-5,710	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	8	-	-	-	-	-	-	-	-
Repayment of asset based credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,573	-	-3,370	3,683	209	1,244	-1,973	-1,431	7,642	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Repayment of revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of asset based credit facility
37,096	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	7	7	-	-	-	-
Repayments of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	6	7
Repayment of asset based credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,330	-1,824	92	927	-1,348	329	923	260	212	576	-1,038	778	-429	327	-	-	-	-
Proceeds of notes payable - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes payable
357	121	0	0	357	122	51,234	0	357	122	8,214	0	0	-	-	-	-	-	-	-	-	-	-	-	925	2,013	565	761	1,170	96	64	1,872	106	-	-	-	-
Payment of participating note payable and contingent consideration
-	-	-	-	-	-	-	-	-	0	0	0	1,250	61,400	0	0	1,250	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term loan
-	0	0	0	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
4,810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of senior notes
171,078	37,427	120,562	118,948	4,987	3,707	123,167	124,856	7,267	90,141	28,955	60,375	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of senior notes
-1,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
2,724	-787	2,173	1,894	145	904	1,420	4,860	76	2,196	-435	2,528	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of employment taxes on vesting of restricted stock
-505	604	-335	-1,577	-714	375	-536	-2,445	-1,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common dividends paid
9,609	-	-	-	2,606	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividends paid
1,055	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
24,068	0	1,021	602	2,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to noncontrolling interests
1,323	863	239	582	274	152	133	665	117	8,383	1,232	1,075	571	327	239	776	665	2,245	376	1,120	301	300	245	706	543	342	346	630	612	392	250	785	1,039	339	1,350	1,183	429
ESPP shares and payment of employment taxes on vesting of restricted stock
-	-	-	-	-	-	-	-	-	-	-1,626	-1,057	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of employment taxes on vesting of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	24	18	90
Dividends paid
-	-	-	-	-	-	8,363	7,770	1,779	-	5,113	3,360	5,020	4,763	571	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of preferred stock
4,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
92,332	53,992	92,117	95,826	8,241	76,767	-44,059	248,338	3,813	75,375	-7,032	72,592	-6,841	-39,982	60,590	21,983	-2,187	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,824	-2,157	-1,479	-	4,717	1,083	-526
Increase (decrease) in cash, cash equivalents and restricted cash
21,295	-66,575	113,034	-112,723	-9,348	-54,044	42,942	94,216	-54,510	41,647	272	37,977	-45,428	90,182	-21,588	21,278	-3,251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,009	-	-2,264	21,882	-7,507	3,794	-2,895	-1,608	-2,366	-	-	-	-	-	-	-	-
(Decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,811	31,759	-11,240	-	-17,289	26,143	-2,006	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign currency on cash, cash equivalents and restricted cash
-1,332	256	-220	14	23	-64	-297	-185	-314	-791	1,104	266	2,088	-1,308	-61	59	25	-	-	-	-	-	-	-	-	-	-	-	-	-	420	-282	144	-231	3	-14	2
(Decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,926	-	-4,868	2,911	5,628	-	-973	-4,498	1,820
Effect of foreign currency on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-29	-	-212	-4	43	314	344	127	-554	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
19,963	-66,319	112,814	-112,709	-9,325	-54,108	42,645	94,031	-54,824	40,856	1,376	38,243	-43,340	88,874	-21,649	21,337	-3,226	-15,910	3,794	31,797	-11,269	-3,942	-17,501	26,139	-1,963	4,898	-6,628	-10,496	12,372	-266	-4,448	2,629	5,772	-1,386	-970	-4,512	1,822
Supplemental disclosures:
Interest paid
21,785	22,694	21,327	14,169	17,435	14,814	13,421	12,860	9,008	7,327	8,623	1,504	1,386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	245	7	-	-110	186	227	112	282	449	658	806	722	1,095	57	655	686	571	704	1,537	694	71	122
Taxes paid
-574	-3,620	-4,138	-699	-192	-4,042	-149	-2,170	-136	-3,318	-1,979	-9,618	-71	-276	-818	40	369	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	-	0	0	2	0	0	12	163	0	0	278	0	-	-	-	-