B Riley Financial Inc
For the period ended Dec 31, 2023. Filed Apr 24, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Services and fees | $1,002,370 | $895,623 | $1,153,225 |
| Trading income (loss) and fair value adjustments on loans | 41,828 | (202,628) | 220,545 |
| Interest income - Loans and securities lending | 284,896 | 245,400 | 122,723 |
| Sale of goods | 314,506 | 142,275 | 58,205 |
| Total revenues | 1,643,600 | 1,080,670 | 1,554,698 |
| Operating expenses: | |||
| Direct cost of services | 238,794 | 142,455 | 54,390 |
| Cost of goods sold | 213,351 | 78,647 | 26,953 |
| Selling, general and administrative expenses | 828,903 | 714,614 | 906,196 |
| Restructuring charge | 2,131 | 9,011 | — |
| Impairment of goodwill and tradenames | 70,333 | — | — |
| Interest expense - Securities lending and loan participations sold | 145,435 | 66,495 | 52,631 |
| Total operating expenses | 1,498,947 | 1,011,222 | 1,040,170 |
| Operating income | 144,653 | 69,448 | 514,528 |
| Other income (expense): | |||
| Interest income | 3,875 | 2,735 | 229 |
| Dividend income | 47,776 | 35,874 | 19,732 |
| Realized and unrealized (losses) gains on investments | (162,589) | (201,079) | 166,131 |
| Change in fair value of financial instruments and other | (4,748) | 10,188 | 3,796 |
| Gain on bargain purchase | 15,903 | — | — |
| (Loss) income from equity method investments | (181) | 3,570 | 2,801 |
| Interest expense | (187,013) | (141,186) | (92,455) |
| (Loss) income before income taxes | (142,324) | (220,450) | 614,762 |
| Benefit from (provision for) income taxes | 36,693 | 63,856 | (163,960) |
| Net (loss) income | (105,631) | (156,594) | 450,802 |
| Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests | (5,721) | 3,235 | 5,748 |
| Net (loss) income attributable to B. Riley Financial, Inc. | (99,910) | (159,829) | 445,054 |
| Preferred stock dividends | 8,057 | 8,008 | 7,457 |
| Net (loss) income available to common shareholders | $(107,967) | $(167,837) | $437,597 |
| Basic (loss) income per common share | $(3.69) | $(5.95) | $15.99 |
| Diluted (loss) income per common share | $(3.69) | $(5.95) | $15.09 |
| Weighted average basic common shares outstanding | 29,265,099 | 28,188,530 | 27,366,292 |
| Weighted average diluted common shares outstanding | 29,265,099 | 28,188,530 | 29,005,602 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.