B Riley Financial Inc
For the period ended Dec 31, 2023. Filed Apr 24, 2024.
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FY2023 · Filed Apr 24, 2024
RILY$3.84+5.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(Dollars in thousands, except par value)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets: | ||
| Assets: | ||
| Cash and cash equivalents | $231,964 | $268,618 |
| Restricted cash | 1,875 | 2,308 |
| Due from clearing brokers | 51,334 | 48,737 |
| Securities and other investments owned, at fair value | 1,092,106 | 1,129,268 |
| Securities borrowed | 2,870,939 | 2,343,327 |
| Accounts receivable, net of allowance for credit losses of $7,339 and $3,664 as of December 31, 2023 and 2022, respectively | 115,496 | 149,110 |
| Due from related parties | 172 | 1,081 |
| Loans receivable, at fair value (includes $387,657 and $98,729 from related parties as of December 31, 2023 and 2022, respectively) | 532,419 | 701,652 |
| Prepaid expenses and other assets | 237,327 | 460,696 |
| Operating lease right-of-use assets | 87,605 | 88,593 |
| Property and equipment, net | 25,206 | 27,141 |
| Goodwill | 472,326 | 512,595 |
| Other intangible assets, net | 322,014 | 374,098 |
| Deferred income taxes | 33,595 | 3,978 |
| Total assets | $6,074,378 | $6,111,202 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Accounts payable | $44,550 | $81,384 |
| Accrued expenses and other liabilities | 273,193 | 322,974 |
| Deferred revenue | 71,504 | 85,441 |
| Deferred income taxes | — | 29,548 |
| Due to related parties and partners | 2,731 | 2,210 |
| Due to clearing brokers | — | 19,307 |
| Securities sold not yet purchased | 8,601 | 5,897 |
| Securities loaned | 2,859,306 | 2,334,031 |
| Operating lease liabilities | 98,563 | 99,124 |
| Notes payable | 19,391 | 25,263 |
| Revolving credit facility | 43,801 | 127,678 |
| Term loans, net | 625,151 | 572,079 |
| Senior notes payable, net | 1,668,021 | 1,721,751 |
| Total liabilities | 5,714,812 | 5,426,687 |
| Commitments and contingencies (Note 18) | ||
| Redeemable noncontrolling interests in equity of subsidiaries | — | 178,622 |
| B. Riley Financial, Inc. stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 and 4,545 shares issued and outstanding as of December 31, 2023 and 2022, respectively; and liquidation preference of $114,082 and $113,615 as of December 31, 2023 and 2022, respectively. | — | — |
| Common stock, $0.0001 par value; 100,000,000 shares authorized; 29,937,067 and 28,523,764 shares issued and outstanding as of December 31, 2023 and 2022, respectively. | 3 | 3 |
| Additional paid-in capital | 572,170 | 494,201 |
| Accumulated deficit | (281,285) | (45,220) |
| Accumulated other comprehensive loss | 229 | (2,470) |
| Total B. Riley Financial, Inc. stockholders’ equity | 291,117 | 446,514 |
| Noncontrolling interests | 68,449 | 59,379 |
| Total equity | 359,566 | 505,893 |
| Total liabilities and equity | $6,074,378 | $6,111,202 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.