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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Services and fees $ 210,675 $ 289,469
Trading (losses) income and fair value adjustments on loans (68,390) 266,942
Interest income - Loans and securities lending 61,426 36,920
Sale of goods 1,878 6,828
Total revenues 205,589 600,159
Operating expenses:    
Direct cost of services 11,651 11,322
Cost of goods sold 2,251 5,326
Selling, general and administrative expenses 175,199 191,344
Interest expense - Securities lending and loan participations sold 11,766 19,189
Total operating expenses 200,867 227,181
Operating income 4,722 372,978
Other income (expense):    
Interest income 67 49
Change in fair value of financial instruments and other 5,981 0
Income from equity investments 6,775 875
Interest expense (30,436) (19,786)
(Loss) income before income taxes (12,891) 354,116
Benefit (provision) for income taxes 3,695 (97,518)
Net (loss) income (9,196) 256,598
Net income attributable to noncontrolling interests 866 1,942
Net (loss) income attributable to B. Riley Financial, Inc. (10,062) 254,656
Preferred stock dividends 2,002 1,749
Net (loss) income available to common shareholders (12,064) 252,907
Net (loss) income available to common shareholders $ (12,064) $ 252,907
Basic (loss) income per common share (in dollars per share) $ (0.43) $ 9.38
Diluted (loss) income per common share (in dollars per share) $ (0.43) $ 8.81
Weighted average basic common shares outstanding (in shares) 27,855,033 26,972,275
Weighted average diluted common shares outstanding (in shares) 27,855,033 28,710,368