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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (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
Revenues:                              
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
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
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
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
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
Operating expenses:                              
Direct cost of services 68,496,000 44,523,000 17,785,000 11,651,000 12,955,000 18,019,000 12,094,000 11,322,000 29,436,000 23,416,000 73,959,000 41,435,000 142,455,000 54,390,000 60,451,000
Cost of goods sold 71,313,000 3,089,000 1,994,000 2,251,000 5,559,000 12,442,000 3,626,000 5,326,000 4,245,000 8,952,000 7,334,000 21,394,000 78,647,000 26,953,000 12,460,000
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
Impairment of tradenames                         0 0 12,500,000
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
Total operating expenses 372,094,000 236,802,000 201,459,000 200,867,000 301,588,000 284,776,000 226,625,000 227,181,000 402,326,000 453,806,000 639,128,000 738,582,000 1,011,222,000 1,040,170,000 557,956,000
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
Other income (expense):                              
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 460,000 (574,000) 4,321,000 5,981,000 (4,471,000) 1,758,000 6,509,000 0 10,302,000 6,509,000 9,728,000 8,267,000 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 2,002,000 2,002,000 2,002,000 2,002,000 1,990,000 1,929,000 1,789,000 1,749,000 4,004,000 3,538,000 6,006,000 5,467,000 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
Basic income per common share (in dollars per share) $ (2.08) $ 1.62 $ (5.07) $ (0.43) $ 2.26 $ 1.76 $ 2.70 $ 9.38 $ (5.52) $ 12.03 $ (3.86) $ 13.75 $ (5.95) $ 15.99 $ 7.83
Diluted income per common share (in dollars per share) $ (2.08) $ 1.53 $ (5.07) $ (0.43) $ 2.08 $ 1.69 $ 2.58 $ 8.81 $ (5.52) $ 11.39 $ (3.86) $ 13.07 $ (5.95) $ 15.09 $ 7.56
Weighted average basic common shares outstanding (in shares) 28,545,714 28,293,064 28,051,570 27,855,033 27,569,188 27,570,716 27,344,184 26,972,275 27,953,845 27,159,257 28,068,160 27,297,917 28,188,530 27,366,292 25,607,278
Weighted average diluted common shares outstanding (in shares) 28,545,714 29,968,417 28,051,570 27,855,033 29,840,704 28,794,066 28,668,465 28,710,368 27,953,845 28,690,444 28,068,160 28,726,492 28,188,530 29,005,602 26,508,397
As Previously Reported | Dividend Income and Investment Gain (Loss) Classification Error                              
Revenues:                              
Services and fees   $ 266,485,000 $ 200,905,000 $ 210,675,000 $ 315,848,000 $ 301,497,000 $ 266,143,000 $ 289,469,000 $ 411,580,000 $ 555,612,000 $ 678,065,000 $ 857,109,000   $ 1,172,957,000 $ 667,069,000
Trading (loss) income and fair value adjustments on loans   12,154,000 (223,927,000) (68,390,000) 68,858,000 18,197,000 32,679,000 266,942,000 (292,317,000) 299,621,000 (280,163,000) 317,818,000   386,676,000 104,018,000
Interest income - Loans and securities lending   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   122,723,000 102,499,000
Revenues - Sale of goods   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   58,205,000 29,135,000
Total revenues   340,363,000 42,700,000 205,589,000 422,110,000 381,522,000 336,770,000 600,159,000 248,289,000 936,929,000 588,652,000 1,318,451,000   1,740,561,000 902,721,000
Operating expenses:                              
Direct cost of services   44,523,000 17,785,000 11,651,000 12,955,000 18,019,000 12,094,000 11,322,000 29,436,000 23,416,000 73,959,000 41,435,000   54,390,000 60,451,000
Cost of goods sold   3,089,000 1,994,000 2,251,000 5,559,000 12,442,000 3,626,000 5,326,000 4,245,000 8,952,000 7,334,000 21,394,000   26,953,000 12,460,000
Selling, general and administrative expenses   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   906,196,000 428,537,000
Restructuring charge   8,016,000                 8,016,000       1,557,000
Impairment of tradenames                             12,500,000
Interest expense - Securities lending and loan participations sold   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   52,631,000 42,451,000
Total operating expenses   236,802,000 201,459,000 200,867,000 301,588,000 284,776,000 226,625,000 227,181,000 402,326,000 453,806,000 639,128,000 738,582,000   1,040,170,000 557,956,000
Operating income   103,561,000 (158,759,000) 4,722,000 120,522,000 96,746,000 110,145,000 372,978,000 (154,037,000) 483,123,000 (50,476,000) 579,869,000   700,391,000 344,765,000
Other income (expense):                              
Interest income   686,000 500,000 67,000 54,000 70,000 56,000 49,000 567,000 105,000 1,253,000 175,000   229,000 564,000
Dividend income   0 0 0 0 0 0 0 0 0 0 0   0 0
Gain on equity method investment   0 0 0 0 0 0 0 0 0 0 0   0 0
Change in fair value of financial instruments and other   (574,000) 4,321,000 5,981,000 (4,471,000) 1,758,000 6,509,000 0 10,302,000 6,509,000 9,728,000 8,267,000   3,796,000  
Income (loss) from equity method investments   (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   2,801,000 (623,000)
Interest expense   (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)   (92,455,000) (65,249,000)
(Loss) income before income taxes   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   614,762,000 279,457,000
Benefit from (provision for) income taxes   (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)   (163,960,000) (75,440,000)
Net (loss) income   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   450,802,000 204,017,000
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests   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   5,748,000 (1,131,000)
Net (loss) income attributable to B. Riley Financial, Inc.   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   445,054,000 205,148,000
Preferred stock dividends   2,002,000 2,002,000 2,002,000 1,990,000 1,929,000 1,789,000 1,749,000 4,004,000 3,538,000 6,006,000 5,467,000   7,457,000 4,710,000
Net (loss) income available to common shareholders   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   437,597,000 200,438,000
Net (loss) income available to common shareholders   $ 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   $ 437,597,000 $ 200,438,000
Basic income per common share (in dollars per share)   $ 1.62 $ (5.07) $ (0.43) $ 2.26 $ 1.76 $ 2.70 $ 9.38 $ (5.52) $ 12.03 $ (3.86) $ 13.75   $ 15.99 $ 7.83
Diluted income per common share (in dollars per share)   $ 1.53 $ (5.07) $ (0.43) $ 2.08 $ 1.69 $ 2.58 $ 8.81 $ (5.52) $ 11.39 $ (3.86) $ 13.07   $ 15.09 $ 7.56
Weighted average basic common shares outstanding (in shares)   28,293,064 28,051,570 27,855,033 27,569,188 27,570,716 27,344,184 26,972,275 27,953,845 27,159,257 28,068,160 27,297,917   27,366,292 25,607,278
Weighted average diluted common shares outstanding (in shares)   29,968,417 28,051,570 27,855,033 29,840,704 28,794,066 28,668,465 28,710,368 27,953,845 28,690,444 28,068,160 28,726,492   29,005,602 26,508,397
Restatement Adjustments | Dividend Income and Investment Gain (Loss) Classification Error                              
Revenues:                              
Services and fees   $ (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)   $ (19,732,000) $ (21,163,000)
Trading (loss) income and fair value adjustments on loans   (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)   (166,131,000) (47,341,000)
Interest income - Loans and securities lending   0 0 0 0 0 0 0 0 0 0 0   0 0
Revenues - Sale of goods   0 0 0 0 0 0 0 0 0 0 0   0 0
Total revenues   (28,246,000) 96,921,000 41,251,000 (21,796,000) 10,759,000 (17,804,000) (157,022,000) 138,172,000 (174,826,000) 109,926,000 (164,067,000)   (185,863,000) (68,504,000)
Operating expenses:                              
Direct cost of services   0 0 0 0 0 0 0 0 0 0 0   0 0
Cost of goods sold   0 0 0 0 0 0 0 0 0 0 0   0 0
Selling, general and administrative expenses   0 0 0 0 0 0 0 0 0 0 0   0 0
Restructuring charge   0                 0       0
Impairment of tradenames                             0
Interest expense - Securities lending and loan participations sold   0 0 0 0 0 0 0 0 0 0 0   0 0
Total operating expenses   0 0 0 0 0 0 0 0 0 0 0   0 0
Operating income   (28,246,000) 96,921,000 41,251,000 (21,796,000) 10,759,000 (17,804,000) (157,022,000) 138,172,000 (174,826,000) 109,926,000 (164,067,000)   (185,863,000) (68,504,000)
Other income (expense):                              
Interest income   0 0 0 0 0 0 0 0 0 0 0   0 0
Dividend income   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   19,732,000 21,163,000
Gain on equity method investment   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   166,131,000 47,341,000
Change in fair value of financial instruments and other   0 0 0 0 0 0 0 0 0 0 0   0  
Income (loss) from equity method investments   0 0 0 0 0 0 0 0 0 0 0   0 0
Interest expense   0 0 0 0 0 0 0 0 0 0 0   0 0
(Loss) income before income taxes   0 0 0 0 0 0 0 0 0 0 0   0 0
Benefit from (provision for) income taxes   0 0 0 0 0 0 0 0 0 0 0   0 0
Net (loss) income   0 0 0 0 0 0 0 0 0 0 0   0 0
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests   0 0 0 0 0 0 0 0 0 0 0   0 0
Net (loss) income attributable to B. Riley Financial, Inc.   0 0 0 0 0 0 0 0 0 0 0   0 0
Preferred stock dividends   0 0 0 0 0 0 0 0 0 0 0   0 0
Net (loss) income available to common shareholders   0 0 0 0 0 0 0 0 0 0 0   0 0
Net (loss) income available to common shareholders   $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0   $ 0 $ 0