B. riley financial, inc. (RILY)
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
Cash flows from operating activities:
Net (loss) income

-25,280

81,948

55,467

24,045

19,537

16,400

19,914

17,314

2,876

11,935

40,395

48,647

45,257

32,726

8,671

2,915

11,511

13,577

11,721

8,187

-1,289

-5,795

-1,893

-741

-1,429

576

2,152

1,149

4,208

4,340

0

0

0

-

-

-

-

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

19,091

19,048

18,258

16,883

15,385

13,809

13,203

13,520

12,435

11,140

9,630

8,197

6,145

4,306

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

597

730

1,287

1,863

1,941

1,822

1,341

835

967

952

961

981

0

0

0

Provision for doubtful accounts

2,617

2,126

2,114

1,727

1,236

1,308

1,079

1,010

1,046

1,066

1,715

1,417

1,055

710

0

0

0

-

-

-

592

532

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

18,624

15,916

14,668

13,031

13,098

13,042

11,312

11,960

11,992

10,341

8,616

5,711

3,238

2,768

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

431

0

0

0

Fair value adjustments, non-cash

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goods held for sale or auction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

95

100

195

194

0

0

0

-

-

-

-

Non-cash interest and other

15,830

12,267

12,257

946

-4,618

-4,068

-1,521

-2,160

-627

-456

-308

-248

-120

-136

-192

-144

-165

-163

-118

-73

-29

0

0

0

0

-

-

-

-

-

75

-1,660

-1,434

-1,083

0

0

0

Effect of foreign currency on operations

29

78

556

-5

738

916

99

496

-350

769

689

-118

194

-973

-628

380

414

375

304

-186

-388

-137

-593

-354

-78

-226

339

675

226

98

-23

-509

-72

14

0

0

0

Loss from equity investments

2,095

-1,431

-1,112

-1,397

4,896

7,986

4,769

3,784

-1,109

-437

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-120

198

-73

-517

-369

0

0

0

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

0

0

0

Deferred income taxes

7,010

10,874

0

0

0

-

-

-

-

5,729

-22,850

-20,358

-5,727

3,549

0

0

5,051

-

4,332

3,925

-459

-2,984

-798

-460

-833

989

1,400

1,251

1,795

1,366

24

2,184

1,748

1,871

0

0

0

Impairment of intangibles and loss on disposal of fixed assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

3,888

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income allocated for mandatorily redeemable noncontrolling interests

1,226

1,220

1,232

1,125

1,216

1,222

880

4,074

10,572

10,799

12,348

9,340

3,009

3,032

1,861

2,051

2,230

2,207

2,108

1,727

1,961

1,892

1,913

2,142

1,939

1,897

1,995

1,971

1,850

1,928

1,893

3,534

3,565

3,934

0

0

0

Change in operating assets and liabilities:
Due from clearing brokers

11,539

13,920

27,100

5,997

25,478

-6,259

-33,311

-13,812

-13,058

3,359

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities and other investments owned

25,430

165,765

96,521

109,750

138,034

128,217

117,954

56,348

63,086

82,143

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities borrowed

-153,079

-117,015

-322,088

-254,067

-33,850

124,257

317,609

111,170

6,408

-47,595

0

0

0

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable and advances against customer contracts

15,408

33,927

-14,389

-173,290

7,715

12,948

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable and advances against customer contracts

-

-

-

-

-

-

-

-

-

-

-1,659

40,087

8,636

1,847

3,508

-13,066

-12,210

-11,540

1,908

13,013

9,008

15,195

-1,337

4,872

2,601

-5,145

6,062

801

-1,553

6,172

-7,764

5,901

6,400

7,032

0

0

0

Lease finance receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-107

-652

7,992

7,992

8,099

0

0

0

-

-

-

-

-

-

-

-

Securities and other investments owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goods held for sale or auction

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-455

-1,018

-296

-1,030

-1,618

-1,050

-1,421

608

0

0

0

0

Goods held for sale or auction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-128

-7,970

-8,022

1,625

-7,616

607

-1,373

-2,361

0

0

0

-

-

-

-

Loan receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-5,240

-8,519

0

0

0

-

-

-

-

Prepaid expenses and other assets

23,857

-9,588

14,596

53,787

12,089

24,395

36,446

32,602

17,760

1,506

-17,811

-26,332

-6,001

-3,699

-301

7,331

3,255

1,100

-625

1,014

-420

59

128

308

162

-167

727

-190

-283

33

-1,914

-1,274

-536

-1,093

0

0

0

Accounts payable, accrued expenses and other liabilities

11,707

32,553

24,921

-618

12,357

3,559

18,334

-2,306

-29,296

-30,374

-18,299

6,580

18,846

23,330

1,604

-11,273

-4,107

3,943

6,422

10,607

2,735

-1,142

143

1,299

-6,085

-3,971

-2,569

-2,927

-601

1,641

-7,279

2,016

10,264

3,300

0

0

0

Amounts due to/from related parties and partners

2,793

4,781

-4,618

2,111

-2,996

-4,705

4,000

-4,869

445

11,826

14,591

14,164

12,118

2,766

-2,806

1,247

1,420

622

3,637

854

413

-168

93

334

-196

0

18

-46

373

0

0

0

0

-

-

-

-

Securities sold, not yet purchased

-21,650

4,197

-30,580

25,171

16,212

9,332

31,359

-5,705

-1,690

7,678

8,176

-2,411

707

133

-6,111

-2,125

-4

-33

3,699

1,568

34

-176

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

2,598

-3,098

-1,130

-1,813

-49

-564

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities loaned

-153,973

-120,026

-320,461

-253,131

-29,890

127,151

307,207

100,249

-12,903

-64,255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Auction and liquidation proceeds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,186

-15

-246

-864

-578

-610

-178

846

612

318

-5,459

-1,694

0

0

0

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

13,284

-

26,749

7,916

-10,980

-23,030

-6,239

3,312

-4,850

-2,492

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-38,861

-30,392

20,304

105,390

-41,835

-104,814

-111,906

-207,736

-96,990

-81,790

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Cash flows from investing activities:
Purchases of loans receivable

438,985

343,811

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of loans receivable

-195,814

-159,186

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of loan receivable to related party

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of loan participations sold

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, equipment and other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, equipment and intangible assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired from acquisition of FBR & Co.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of other businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,451

2,451

2,451

2,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, equipment and intangible assets

-

-

-

-

-

5,432

2,589

2,355

1,327

825

982

977

902

729

340

126

128

239

305

381

345

252

313

478

931

1,142

1,203

1,043

816

634

430

328

290

264

0

0

0

Proceeds from sale of property, equipment and intangible assets

-

-

-

-

-

-

-

-

-

836

700

715

555

96

15

0

0

4

4

4

4

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in note receivable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

3,164

94

0

2,706

0

0

0

Purchase of equity investments

-

33,391

43,175

38,248

23,623

16,640

7,515

5,249

5,249

1,674

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

991

1,166

1,236

1,202

0

0

0

Dividends and distributions from equity investments

-21,545

-21,389

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,090

11,577

-25,600

-7,604

-3,454

370

25,524

7,282

990

-1,143

-150

-7,598

-4,229

1,125

-26

7,923

1,394

100

143

0

0

0

0

Net cash used in investing activities

-340,375

-295,396

-356,336

-375,338

-173,686

-151,441

-47,266

-31,133

-22,372

-17,836

60,691

-12,361

-33,776

-34,063

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Repayment of asset based credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Repayment of asset based credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,766

3,163

-1,951

5,482

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-272

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of asset based credit facility

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Repayment of asset based credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,506

18,598

19,525

-2,153

0

831

164

1,724

1,971

10

528

-113

-362

0

0

0

-

-

-

-

Proceeds of notes payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable

478

478

479

51,713

51,713

51,713

51,713

8,693

8,693

8,336

0

0

0

-

-

-

-

-

-

-

-

-

-

-

4,264

4,509

2,592

2,091

3,202

2,138

0

0

0

-

-

-

-

Payment of participating note payable and contingent consideration

-

-

-

-

-

-

-

-

-

1,250

62,650

62,650

62,650

62,650

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loan

-

10,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of term loan

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes

448,015

281,924

248,204

250,809

256,717

258,997

345,431

251,219

186,738

179,471

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of senior notes

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

6,004

3,425

5,116

4,363

7,329

7,260

8,552

6,697

4,365

4,289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of employment taxes on vesting of restricted stock

-1,813

-2,022

-2,251

-2,452

-3,320

-3,731

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common dividends paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividends paid

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

25,691

4,273

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to noncontrolling interests

3,007

1,958

1,247

1,141

1,224

1,067

9,298

10,397

10,807

11,261

3,205

2,212

1,913

2,007

3,925

4,062

4,406

4,042

2,097

1,966

1,552

1,794

1,836

1,937

1,861

1,930

1,980

1,884

2,039

2,466

2,413

3,513

3,911

3,301

0

0

0

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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of employment taxes on vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

0

0

0

Dividends paid

-

-

-

-

-

-

0

0

13,514

-

18,256

13,714

10,354

5,334

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

334,267

250,176

272,951

136,775

289,287

284,859

283,467

320,494

144,748

134,094

18,737

86,359

35,750

40,404

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

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

-44,969

-75,612

-63,081

-133,173

73,766

28,604

124,295

81,625

25,386

34,468

83,003

61,143

44,444

86,621

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

15,905

15,274

-8,216

-3,075

0

0

0

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-1,282

73

-247

-324

-523

-860

-1,587

-186

265

2,667

2,150

985

778

-1,285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

51

-366

-98

-240

0

0

0

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

Effect of foreign currency on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

141

697

828

231

0

0

0

-

-

-

-

-

-

-

-

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

-46,251

-75,539

-63,328

-133,497

73,243

27,744

122,708

81,439

25,651

37,135

85,153

62,128

45,222

85,336

-19,448

5,995

16,455

8,412

20,380

-915

-6,573

2,733

11,573

22,446

-14,189

146

-5,018

-2,838

10,287

3,687

2,567

6,045

-1,096

-5,046

0

0

0

Supplemental disclosures:
Interest paid

79,975

75,625

67,745

59,839

58,530

50,103

42,616

37,818

26,462

18,840

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

359

-

415

807

1,070

1,501

2,195

2,635

3,281

2,680

2,529

2,493

1,969

2,616

3,498

3,506

3,006

2,424

0

0

0

Taxes paid

-9,031

-8,649

-9,071

-5,082

-6,553

-6,497

-5,773

-7,603

-15,051

-14,986

-11,944

-10,783

-1,125

-685

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2

2

14

175

175

175

441

278

0

0

0

-

-

-

-