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BUSINESS SEGMENTS - Schedule of reportable segments (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]                              
Services and fees $ 243,837,000 $ 257,310,000 $ 191,662,000 $ 202,814,000 $ 308,062,000 $ 295,561,000 $ 262,607,000 $ 286,995,000 $ 394,476,000 $ 549,602,000 $ 651,786,000 $ 845,163,000 $ 895,623,000 $ 1,153,225,000 $ 645,906,000
Revenues - Sale of goods 134,380,000 4,130,000 1,887,000 1,878,000 3,961,000 34,959,000 12,457,000 6,828,000 3,765,000 19,285,000 7,895,000 54,244,000 142,275,000 58,205,000 29,135,000
Trading (loss) income and fair value adjustments on loans (58,670,000) (6,917,000) (117,763,000) (19,278,000) 54,848,000 34,892,000 18,411,000 112,394,000 (137,041,000) 130,805,000 (143,958,000) 165,697,000 (202,628,000) 220,545,000 56,677,000
Total revenues 382,092,000 312,117,000 139,621,000 246,840,000 400,314,000 392,281,000 318,966,000 443,137,000 386,461,000 762,103,000 698,578,000 1,154,384,000 1,080,670,000 1,554,698,000 834,217,000
Selling, general and administrative expenses (208,552,000) (163,727,000) (167,136,000) (175,199,000) (270,712,000) (244,218,000) (199,922,000) (191,344,000) (342,335,000) (391,266,000) (506,062,000) (635,484,000) (714,614,000) (906,196,000) (428,537,000)
Restructuring charge (995,000) (8,016,000) 0 0         0   (8,016,000)   (9,011,000) 0 (1,557,000)
Interest expense - Securities lending and loan participations sold (22,738,000) (17,447,000) (14,544,000) (11,766,000) (12,362,000) (10,097,000) (10,983,000) (19,189,000) (26,310,000) (30,172,000) (43,757,000) (40,269,000) (66,495,000) (52,631,000) (42,451,000)
Depreciation and amortization                         (39,969,000) (25,871,000) (19,369,000)
Impairment of tradenames                         0 0 (12,500,000)
Operating income 9,998,000 75,315,000 (61,838,000) 45,973,000 98,726,000 107,505,000 92,341,000 215,956,000 (15,865,000) 308,297,000 59,450,000 415,802,000 69,448,000 514,528,000 276,261,000
Interest income 1,482,000 686,000 500,000 67,000 54,000 70,000 56,000 49,000 567,000 105,000 1,253,000 175,000 2,735,000 229,000 564,000
Dividend income 9,595,000 9,175,000 9,243,000 7,861,000 7,786,000 5,936,000 3,536,000 2,474,000 17,104,000 6,010,000 26,279,000 11,946,000 35,874,000 19,732,000 21,163,000
Gain on equity method investment (64,874,000) 19,071,000 (106,164,000) (49,112,000) 14,010,000 (16,695,000) 14,268,000 154,548,000 (155,276,000) 168,816,000 (136,205,000) 152,121,000 (201,079,000) 166,131,000 47,341,000
Change in fair value of financial instruments and other                         10,188,000 3,796,000 0
Income (loss) from equity method investments 285,000 (91,000) (3,399,000) 6,775,000 1,629,000 1,149,000 (852,000) 875,000 3,376,000 23,000 3,285,000 1,172,000 3,570,000 2,801,000 (623,000)
Interest expense (44,399,000) (34,587,000) (31,764,000) (30,436,000) (26,441,000) (25,372,000) (20,856,000) (19,786,000) (62,200,000) (40,642,000) (96,787,000) (66,014,000) (141,186,000) (92,455,000) (65,249,000)
(Loss) income before income taxes 87,453,000 (68,995,000) 189,101,000 12,891,000 (91,293,000) (74,351,000) (95,002,000) (354,116,000) 201,992,000 (449,118,000) 132,997,000 (523,469,000) 220,450,000 (614,762,000) (279,457,000)
Benefit from (provision for) income taxes 23,998,000 (16,350,000) 52,513,000 3,695,000 (23,847,000) (22,693,000) (19,902,000) (97,518,000) 56,208,000 (117,420,000) 39,858,000 (140,113,000) 63,856,000 (163,960,000) (75,440,000)
Net (loss) income (63,455,000) 52,645,000 (136,588,000) (9,196,000) 67,446,000 51,658,000 75,100,000 256,598,000 (145,784,000) 331,698,000 (93,139,000) 383,356,000 (156,594,000) 450,802,000 204,017,000
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests (6,010,000) 4,808,000 3,571,000 866,000 3,274,000 1,108,000 (576,000) 1,942,000 4,437,000 1,366,000 9,245,000 2,474,000 3,235,000 5,748,000 (1,131,000)
Net (loss) income attributable to B. Riley Financial, Inc. (57,445,000) 47,837,000 (140,159,000) (10,062,000) 64,172,000 50,550,000 75,676,000 254,656,000 (150,221,000) 330,332,000 (102,384,000) 380,882,000 (159,829,000) 445,054,000 205,148,000
Preferred stock dividends                         8,008,000 7,457,000 4,710,000
Net (loss) income available to common shareholders (59,447,000) 45,835,000 (142,161,000) (12,064,000) 62,182,000 48,621,000 73,887,000 252,907,000 (154,225,000) 326,794,000 (108,390,000) 375,415,000 (167,837,000) 437,597,000 200,438,000
Net (loss) income available to common shareholders (59,447,000) 45,835,000 (142,161,000) (12,064,000) 62,182,000 48,621,000 73,887,000 252,907,000 (154,225,000) 326,794,000 (108,390,000) 375,415,000 (167,837,000) 437,597,000 200,438,000
Interest income - Loans and securities lending $ 62,545,000 $ 57,594,000 $ 63,835,000 $ 61,426,000 $ 33,443,000 $ 26,869,000 $ 25,491,000 $ 36,920,000 $ 125,261,000 $ 62,411,000 $ 182,855,000 $ 89,280,000 245,400,000 122,723,000 102,499,000
Operating Segments                              
Segment Reporting Information [Line Items]                              
Operating income                         128,376,000 573,433,000 315,154,000
Corporate And Reconciling Items                              
Segment Reporting Information [Line Items]                              
Services and fees                         13,797,000 0 0
Total revenues                           0 0
Corporate and other expenses                         (72,725,000) (58,905,000) (38,893,000)
Capital Markets Segment                              
Segment Reporting Information [Line Items]                              
Total revenues                         327,596,000 891,230,000 477,086,000
Capital Markets Segment | Operating Segments                              
Segment Reporting Information [Line Items]                              
Services and fees                         292,933,000 555,585,000 318,714,000
Trading (loss) income and fair value adjustments on loans                         (206,150,000) 212,922,000 55,873,000
Interest Income - Loan                         240,813,000 122,723,000 102,499,000
Total revenues                         327,596,000 891,230,000 477,086,000
Selling, general and administrative expenses                         (171,006,000) (345,455,000) (198,962,000)
Restructuring charge                         0 0 (917,000)
Interest expense - Securities lending and loan participations sold                         (66,495,000) (52,631,000) (42,451,000)
Depreciation and amortization                         (8,493,000) (2,136,000) (2,386,000)
Operating income                         81,602,000 491,008,000 232,370,000
Wealth Management Segment                              
Segment Reporting Information [Line Items]                              
Total revenues                         234,257,000 381,984,000 73,149,000
Wealth Management Segment | Operating Segments                              
Segment Reporting Information [Line Items]                              
Services and fees                         230,735,000 374,361,000 72,345,000
Trading (loss) income and fair value adjustments on loans                         3,522,000 7,623,000 804,000
Total revenues                         234,257,000 381,984,000 73,149,000
Selling, general and administrative expenses                         (258,134,000) (357,130,000) (68,368,000)
Restructuring charge                         (4,955,000) 0 0
Depreciation and amortization                         (5,488,000) (8,920,000) (1,880,000)
Operating income                         (34,320,000) 15,934,000 2,901,000
Auction and Liquidation segment:                              
Segment Reporting Information [Line Items]                              
Total revenues                         74,096,000 73,517,000 88,764,000
Auction and Liquidation segment: | Operating Segments                              
Segment Reporting Information [Line Items]                              
Services and fees                         12,581,000 20,169,000 63,101,000
Revenues - Sale of goods                         56,928,000 53,348,000 25,663,000
Direct cost of services                         (23,920,000) (30,719,000) (40,730,000)
Cost of goods sold                         (17,893,000) (20,675,000) (9,766,000)
Interest Income - Loan                         4,587,000 0 0
Total revenues                         74,096,000 73,517,000 88,764,000
Selling, general and administrative expenses                         (19,683,000) (14,069,000) (12,357,000)
Restructuring charge                         0 0 (140,000)
Depreciation and amortization                         0 0 (2,000)
Operating income                         12,600,000 8,054,000 25,769,000
Financial Consulting Segment                              
Segment Reporting Information [Line Items]                              
Total revenues                         98,508,000 94,312,000 91,622,000
Financial Consulting Segment | Operating Segments                              
Segment Reporting Information [Line Items]                              
Services and fees                         98,508,000 94,312,000 91,622,000
Selling, general and administrative expenses                         (81,891,000) (77,062,000) (68,232,000)
Restructuring charge                         0 0 500,000
Depreciation and amortization                         (305,000) (356,000) (347,000)
Operating income                         16,312,000 16,894,000 22,543,000
Communications Segment                              
Segment Reporting Information [Line Items]                              
Total revenues                         235,655,000 93,347,000 87,138,000
Communications Segment | Operating Segments                              
Segment Reporting Information [Line Items]                              
Services and fees                         228,129,000 88,490,000 83,666,000
Revenues - Sale of goods                         7,526,000 4,857,000 3,472,000
Direct cost of services                         (108,686,000) (23,671,000) (19,721,000)
Cost of goods sold                         (8,592,000) (6,278,000) (2,694,000)
Total revenues                         235,655,000 93,347,000 87,138,000
Selling, general and administrative expenses                         (64,836,000) (25,493,000) (20,352,000)
Restructuring charge                         (4,056,000) 0 0
Depreciation and amortization                         (19,165,000) (10,747,000) (11,011,000)
Operating income                         30,320,000 27,158,000 33,360,000
Consumer Segment                              
Segment Reporting Information [Line Items]                              
Total revenues                         96,761,000 20,308,000 16,458,000
Consumer Segment | Operating Segments                              
Segment Reporting Information [Line Items]                              
Services and fees                         18,940,000 20,308,000 16,458,000
Revenues - Sale of goods                         77,821,000 0 0
Cost of goods sold                         (52,162,000) 0 0
Total revenues                         96,761,000 20,308,000 16,458,000
Selling, general and administrative expenses                         (18,458,000) (3,178,000) (2,889,000)
Depreciation and amortization                         (4,279,000) (2,745,000) (2,858,000)
Impairment of tradenames                         0 0 (12,500,000)
Operating income                         21,862,000 $ 14,385,000 $ (1,789,000)
All Other:                              
Segment Reporting Information [Line Items]                              
Total revenues                         $ 13,797,000