2023 Q4 Form 10-Q Financial Statement

#000162828023038222 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $293.0M $462.3M
YoY Change -23.33% 35.83%
Cost Of Revenue $105.7M $78.05M
YoY Change -24.39% 2426.8%
Gross Profit $187.2M $384.3M
YoY Change 0.12% 13.93%
Gross Profit Margin 63.91% 83.12%
Selling, General & Admin $205.1M $221.7M
YoY Change -1.66% 35.4%
% of Gross Profit 109.54% 57.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.50M $12.49M
YoY Change -14.42% 16.54%
% of Gross Profit 6.14% 3.25%
Operating Expenses $205.1M $221.7M
YoY Change -1.66% 35.4%
Operating Profit -$17.86M $20.63M
YoY Change -278.63% -80.08%
Interest Expense -$73.95M -$74.10M
YoY Change 13.93% 44.64%
% of Operating Profit -359.27%
Other Income/Expense, Net $15.90M
YoY Change
Pretax Income -$110.6M -$91.39M
YoY Change 26.52% -232.45%
Income Tax -$42.85M -$15.08M
% Of Pretax Income
Net Earnings -$70.04M -$73.82M
YoY Change 21.93% -254.32%
Net Earnings / Revenue -23.91% -15.97%
Basic Earnings Per Share -$2.53
Diluted Earnings Per Share -$2.32 -$2.53
COMMON SHARES
Basic Shares Outstanding 30.58M shares 30.57M shares
Diluted Shares Outstanding 29.96M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $232.0M $252.3M
YoY Change -13.65% 8.84%
Cash & Equivalents $232.0M $252.3M
Short-Term Investments
Other Short-Term Assets $239.6M $265.5M
YoY Change -48.0% -25.4%
Inventory $110.5M $107.2M
Prepaid Expenses
Receivables $115.5M $127.4M
Other Receivables $53.84M $39.80M
Total Short-Term Assets $640.9M $671.2M
YoY Change -30.96% -5.02%
LONG-TERM ASSETS
Property, Plant & Equipment $112.8M $24.77M
YoY Change 315.65% 53.17%
Goodwill $472.3M $497.4M
YoY Change -7.86% 15.89%
Intangibles $322.0M $333.6M
YoY Change -13.92% 12.58%
Long-Term Investments $3.988B $32.71M
YoY Change 9557.54% -23.16%
Other Assets $27.29M $4.900M
YoY Change 334.08% 10.78%
Total Long-Term Assets $5.455B $5.472B
YoY Change 5.24% 6.72%
TOTAL ASSETS
Total Short-Term Assets $640.9M $671.2M
Total Long-Term Assets $5.455B $5.472B
Total Assets $6.096B $6.143B
YoY Change -0.25% 5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.55M $54.03M
YoY Change -45.26% 143.74%
Accrued Expenses $371.1M $70.31M
YoY Change -12.07% 196.37%
Deferred Revenue
YoY Change
Short-Term Debt $2.912B $2.837B
YoY Change 18.0% 21.68%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.402B $3.362B
YoY Change 11.21% 19.28%
LONG-TERM LIABILITIES
Long-Term Debt $2.313B $2.307B
YoY Change -0.28% 2.78%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $2.313B $2.307B
YoY Change -1.1% 2.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.402B $3.362B
Total Long-Term Liabilities $2.313B $2.307B
Total Liabilities $5.783B $5.675B
YoY Change 6.56% 11.77%
SHAREHOLDERS EQUITY
Retained Earnings -$281.3M -$157.7M
YoY Change 522.04% -436.12%
Common Stock $3.000K $3.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $312.7M $413.8M
YoY Change
Total Liabilities & Shareholders Equity $6.096B $6.143B
YoY Change -0.25% 5.29%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$70.04M -$73.82M
YoY Change 21.93% -254.32%
Depreciation, Depletion And Amortization $11.50M $12.49M
YoY Change -14.42% 16.54%
Cash From Operating Activities $65.46M -$118.1M
YoY Change -17.62% 415.25%
INVESTING ACTIVITIES
Capital Expenditures $1.931M $1.020M
YoY Change -23.77% -308.59%
Acquisitions
YoY Change
Other Investing Activities -$9.855M $97.66M
YoY Change -86.22% 134.13%
Cash From Investing Activities -$11.78M $96.63M
YoY Change -84.09% 134.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -80.46M 171.3M
YoY Change -404.1% 10548.85%
NET CHANGE
Cash From Operating Activities 65.46M -118.1M
Cash From Investing Activities -11.78M 96.63M
Cash From Financing Activities -80.46M 171.3M
Net Change In Cash -26.78M 149.9M
YoY Change -183.97% 652.62%
FREE CASH FLOW
Cash From Operating Activities $65.46M -$118.1M
Capital Expenditures $1.931M $1.020M
Free Cash Flow $63.53M -$119.1M
YoY Change -17.42% 431.04%

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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2022Q3 us-gaap Profit Loss
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q3 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q3 us-gaap Dividends Common Stock Cash
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CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2022Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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us-gaap Dividends Common Stock Cash
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DividendsPreferredStock
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NetIncomeLossAvailableToCommonStockholders
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
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us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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StockIssuedDuringPeriodValuePreferredStock
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StockRepurchasedAndRetiredDuringPeriodValue
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us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
45713000 usd
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APICShareBasedPaymentArrangementIncreaseForCostRecognitionSubsidiary
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
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us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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us-gaap Dividends Preferred Stock
DividendsPreferredStock
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NetIncomeLossAvailableToCommonStockholders
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RemeasurementOfTemporaryEquity
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2167000 usd
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
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us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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FairValueAdjustmentsNoncash
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FairValueAdjustmentsNoncash
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
9440000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5392000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Proceeds From Dividends Received
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us-gaap Proceeds From Dividends Received
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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us-gaap Gain Loss On Sale Of Other Assets
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GainOnExtinguishmentOfLoans
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GainOnExtinguishmentOfLoans
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us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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GainLossOnEquityInvestment
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us-gaap Deconsolidation Gain Or Loss Amount
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us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
8294000 usd
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IncomeAllocatedAndFairValueAdjustmentForMandatorilyRedeemableNoncontrollingInterests
1335000 usd
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IncomeAllocatedAndFairValueAdjustmentForMandatorilyRedeemableNoncontrollingInterests
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us-gaap Increase Decrease In Securities Borrowed
IncreaseDecreaseInSecuritiesBorrowed
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us-gaap Increase Decrease In Securities Borrowed
IncreaseDecreaseInSecuritiesBorrowed
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Due From Related Parties
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us-gaap Increase Decrease In Due From Related Parties
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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ProceedsFromSaleOfLoansReceivable
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CashAcquiredFromAcquisition
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CashAcquiredFromAcquisition
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PaymentsToAcquireBusinessesNetOfCashAcquired
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PaymentsToAcquireEquityMethodInvestmentsAndOtherInvestments
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PaymentsToAcquireEquityMethodInvestmentsAndOtherInvestments
2786000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
312954000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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RepaymentsOfLongTermLinesOfCredit
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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RepaymentsOfNotesPayable
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us-gaap Repayments Of Bank Debt
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ProceedsFromBankDebt
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us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
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PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1884000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
674000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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PaymentsOfDividendsPreferredStockAndPreferenceStock
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PaymentsOfDividendsPreferredStockAndPreferenceStock
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PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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PaymentsOfDividendsMinorityInterest
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PaymentsOfDividendsMinorityInterest
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ProceedsFromMinorityShareholders
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ProceedsFromMinorityShareholders
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RedemptionOfSubsidiaryTemporaryEquityAndDistributions
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RedemptionOfSubsidiaryTemporaryEquityAndDistributions
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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ProceedsFromIssuanceOfCommonStock
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ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-39890000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3116000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6587000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16578000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46477000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254348000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
233383000 usd
us-gaap Interest Paid Net
InterestPaidNet
133359000 usd
CY2022Q3 rily Services And Fees Revenue
ServicesAndFeesRevenue
257310000 usd
CY2022Q3 rily Trading Income Losses And Fair Value Adjustments On Loan
TradingIncomeLossesAndFairValueAdjustmentsOnLoan
-6917000 usd
CY2022Q3 rily Interest Income Loan And Securities Lending
InterestIncomeLoanAndSecuritiesLending
57594000 usd
CY2022Q3 rily Sale Of Goods
SaleOfGoods
4130000 usd
CY2022Q3 us-gaap Revenues
Revenues
312117000 usd
CY2022Q3 rily Direct Cost Of Service
DirectCostOfService
44523000 usd
CY2022Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3089000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
163727000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
8016000 usd
CY2022Q3 rily Interest Expense Securities Lending
InterestExpenseSecuritiesLending
17447000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
236802000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
75315000 usd
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
686000 usd
CY2022Q3 us-gaap Investment Income Dividend
InvestmentIncomeDividend
9175000 usd
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
19071000 usd
CY2022Q3 rily Change In Fair Value Of Financial Instruments And Other
ChangeInFairValueOfFinancialInstrumentsAndOther
-574000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-91000 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
34587000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
68995000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16350000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
52645000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4808000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
47837000 usd
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
2002000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
45835000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45835000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28293064 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29968417 shares
rily Services And Fees Revenue
ServicesAndFeesRevenue
651786000 usd
rily Trading Income Losses And Fair Value Adjustments On Loan
TradingIncomeLossesAndFairValueAdjustmentsOnLoan
-143958000 usd
rily Interest Income Loan And Securities Lending
InterestIncomeLoanAndSecuritiesLending
182855000 usd
rily Sale Of Goods
SaleOfGoods
7895000 usd
us-gaap Revenues
Revenues
698578000 usd
rily Direct Cost Of Service
DirectCostOfService
73959000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
7334000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
506062000 usd
us-gaap Restructuring Charges
RestructuringCharges
8016000 usd
rily Interest Expense Securities Lending
InterestExpenseSecuritiesLending
43757000 usd
us-gaap Costs And Expenses
CostsAndExpenses
639128000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
59450000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1253000 usd
us-gaap Investment Income Dividend
InvestmentIncomeDividend
26279000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-136205000 usd
rily Change In Fair Value Of Financial Instruments And Other
ChangeInFairValueOfFinancialInstrumentsAndOther
9728000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3285000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
96787000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-132997000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39858000 usd
us-gaap Profit Loss
ProfitLoss
-93139000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9245000 usd
us-gaap Net Income Loss
NetIncomeLoss
-102384000 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
6006000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-108390000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-108390000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.86
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28068160 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28068160 shares
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates The preparation of the condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenue and expense during the reporting period. Estimates are used when accounting for certain items such as valuation of securities, allowance for doubtful accounts, the fair value of loans receivables, intangible assets and goodwill, share based arrangements, contingent consideration, and accounting for income tax valuation allowances, recovery of contract assets and sales returns and allowances. Estimates are based on historical experience, where applicable, and assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ.
CY2022Q4 srt Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
0.010
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Risk<div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues in the Capital Markets, Financial Consulting, Wealth Management, and Communications segments are primarily generated in the United States. Revenues in the Auction and Liquidation segment and Consumer segment are primarily generated in the United States, Australia, Canada, and Europe. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains cash in various federally insured banking institutions. The account balances at each institution periodically exceed the Federal Deposit Insurance Corporation’s (“FDIC”) insurance coverage, and as a result, there is a concentration of credit risk related to amounts in excess of FDIC insurance coverage. The Company has not experienced any losses in such accounts. The Company also has substantial cash balances from proceeds received from auctions and liquidation engagements that are distributed to parties in accordance with the collaborative arrangements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s activities in the Auction and Liquidation segment are executed frequently with, and on behalf of, distressed customers and secured creditors. Concentrations of credit risk can be affected by changes in economic, industry, </span></div>or geographical factors. The Company seeks to control its credit risk and potential risk concentration through risk management activities that limit the Company’s exposure to losses on any one specific liquidation services contract or concentration within any one specific industry. To mitigate the exposure to losses on any one specific liquidations services contract, the Company sometimes conducts operations with third parties through collaborative arrangements.
CY2023Q3 us-gaap Advertising Expense
AdvertisingExpense
6047000 usd
CY2022Q3 us-gaap Advertising Expense
AdvertisingExpense
1584000 usd
us-gaap Advertising Expense
AdvertisingExpense
16904000 usd
us-gaap Advertising Expense
AdvertisingExpense
5941000 usd
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
252288000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
268618000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2060000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
254348000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
270926000 usd
CY2023Q3 rily Net Of Unamortized Costs Origination Fees Premiums And Discounts
NetOfUnamortizedCostsOriginationFeesPremiumsAndDiscounts
2028000 usd
CY2022Q4 rily Net Of Unamortized Costs Origination Fees Premiums And Discounts
NetOfUnamortizedCostsOriginationFeesPremiumsAndDiscounts
3851000 usd
CY2023Q3 rily Unrealized Gain Loss On Loan Receivable
UnrealizedGainLossOnLoanReceivable
-859000 usd
CY2022Q3 rily Unrealized Gain Loss On Loan Receivable
UnrealizedGainLossOnLoanReceivable
-19158000 usd
rily Unrealized Gain Loss On Loan Receivable
UnrealizedGainLossOnLoanReceivable
51807000 usd
rily Unrealized Gain Loss On Loan Receivable
UnrealizedGainLossOnLoanReceivable
-19287000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
41656000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
7153000 usd
CY2023Q3 srt Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
0.076
CY2023Q3 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Owned
SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned
1197587000 usd
CY2022Q4 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Owned
SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned
1129268000 usd
CY2023Q3 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
7120000 usd
CY2022Q4 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
5897000 usd
CY2023Q3 rily Equity Method Investment Number Of Investments
EquityMethodInvestmentNumberOfInvestments
2 investment
CY2023Q3 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
603390000 usd
CY2022Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
371948000 usd
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
38807000 usd
CY2022 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
70063000 usd
CY2023Q3 rily Investment Securities
InvestmentSecurities
79683000 usd
CY2022Q4 rily Investment Securities
InvestmentSecurities
94109000 usd
CY2022Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
174437000 usd
CY2023Q3 us-gaap Investments
Investments
1079097000 usd
CY2023Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
549142000 usd
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1628239000 usd
CY2023Q3 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
7120000 usd
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
4584000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
27987000 usd
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
39691000 usd
CY2022Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
174437000 usd
CY2022Q4 us-gaap Investments
Investments
965096000 usd
CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
701652000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1841185000 usd
CY2022Q4 us-gaap Security Owned And Sold Not Yet Purchased Fair Value Security Sold Not Yet Purchased
SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased
5897000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
4648000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
173000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
31046000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
41764000 usd
CY2023Q3 us-gaap Senior Notes
SeniorNotes
1667088000 usd
CY2022Q4 us-gaap Senior Notes
SeniorNotes
1721751000 usd
CY2023Q3 rily Senior Notes Fair Value
SeniorNotesFairValue
1388840000 usd
CY2022Q4 rily Senior Notes Fair Value
SeniorNotesFairValue
1431787000 usd
CY2023Q3 us-gaap Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
2782000000 usd
CY2023Q3 us-gaap Securities Borrowed Fair Value Of Collateral
SecuritiesBorrowedFairValueOfCollateral
0 usd
CY2023Q3 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
2772790000 usd
CY2023Q3 us-gaap Securities Loaned Not Subject To Master Netting Arrangement
SecuritiesLoanedNotSubjectToMasterNettingArrangement
0 usd
CY2023Q3 us-gaap Securities Loaned
SecuritiesLoaned
2772790000 usd
CY2023Q3 us-gaap Securities Loaned Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
2772790000 usd
CY2023Q3 rily Investments In Non Public Entities That Do Not Report Nav
InvestmentsInNonPublicEntitiesThatDoNotReportNAV
1240000 usd
CY2022Q4 rily Investments In Non Public Entities That Do Not Report Nav
InvestmentsInNonPublicEntitiesThatDoNotReportNAV
20251000 usd
CY2022Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
0 eur
CY2023Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
0 eur
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
981000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
783000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
394000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1913000 usd
CY2023Q3 us-gaap Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
0 usd
CY2022Q4 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
2343327000 usd
CY2022Q4 us-gaap Securities Borrowed Not Subject To Master Netting Arrangement
SecuritiesBorrowedNotSubjectToMasterNettingArrangement
0 usd
CY2022Q4 us-gaap Securities Borrowed
SecuritiesBorrowed
2343327000 usd
CY2022Q4 us-gaap Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
2343327000 usd
CY2022Q4 us-gaap Securities Borrowed Fair Value Of Collateral
SecuritiesBorrowedFairValueOfCollateral
0 usd
CY2022Q4 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
2334031000 usd
CY2022Q4 us-gaap Securities Loaned Not Subject To Master Netting Arrangement
SecuritiesLoanedNotSubjectToMasterNettingArrangement
0 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
32705000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
41298000 usd
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
24780000 usd
us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
23668000 usd
us-gaap Stock Issued1
StockIssued1
20320000 usd
rily Business Combination Deferred Cash Consideration
BusinessCombinationDeferredCashConsideration
22661000 usd
rily Agent Fees
AgentFees
12437000 usd
CY2021Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021Q4 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
345000000 usd
CY2021 rily Initial Public Offering Consummate Business Combination Transaction Term
InitialPublicOfferingConsummateBusinessCombinationTransactionTerm
P24M
CY2021 rily Initial Public Offering Consummate Business Combination Transaction Term Circumstance Based
InitialPublicOfferingConsummateBusinessCombinationTransactionTermCircumstanceBased
P27M
CY2022Q4 us-gaap Securities Loaned
SecuritiesLoaned
2334031000 usd
CY2022Q4 us-gaap Securities Loaned Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
2334031000 usd
CY2022Q4 us-gaap Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
0 usd
rily Acquisition Of Other Business
AcquisitionOfOtherBusiness
11871000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
27500000 usd
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
422000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
497388000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
317280000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
228000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
8016000 usd
us-gaap Restructuring Charges
RestructuringCharges
949000 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
8000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3595000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
135915000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
181365000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
320142000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
1792000 usd
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
574000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
2335000 usd
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
624000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
228000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
8016000 usd
us-gaap Restructuring Charges
RestructuringCharges
949000 usd
us-gaap Restructuring Charges
RestructuringCharges
8016000 usd
CY2023Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
453000 usd
CY2022Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
1448000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
1820000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
1503000 usd
CY2023Q3 rily Restructuring Reserves Non Cash Items
RestructuringReservesNonCashItems
61000 usd
CY2022Q3 rily Restructuring Reserves Non Cash Items
RestructuringReservesNonCashItems
-4620000 usd
rily Restructuring Reserves Non Cash Items
RestructuringReservesNonCashItems
164000 usd
rily Restructuring Reserves Non Cash Items
RestructuringReservesNonCashItems
-4615000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
1628000 usd
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
2522000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
1628000 usd
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
2522000 usd
CY2023Q3 us-gaap Severance Costs1
SeveranceCosts1
228000 usd
us-gaap Severance Costs1
SeveranceCosts1
888000 usd
us-gaap Business Exit Costs1
BusinessExitCosts1
61000 usd
us-gaap Restructuring Charges
RestructuringCharges
949000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
4174000 usd
us-gaap Restructuring Charges
RestructuringCharges
8016000 usd
CY2023Q3 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
2782000000 usd
CY2023Q3 us-gaap Securities Borrowed Not Subject To Master Netting Arrangement
SecuritiesBorrowedNotSubjectToMasterNettingArrangement
0 usd
CY2023Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
2782000000 usd
CY2023Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
2782000000 usd
CY2022Q4 us-gaap Securities Borrowed
SecuritiesBorrowed
2343327000 usd
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
120550000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
144120000 usd
CY2023Q3 rily Investment Banking Fees Commissions And Other Receivable
InvestmentBankingFeesCommissionsAndOtherReceivable
13795000 usd
CY2022Q4 rily Investment Banking Fees Commissions And Other Receivable
InvestmentBankingFeesCommissionsAndOtherReceivable
8654000 usd
CY2023Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
134345000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
152774000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6927000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3664000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
127418000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
149110000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q3 us-gaap Goodwill Fair Value Disclosure
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CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 rily Capitalized Contract Cost Recognized
CapitalizedContractCostRecognized
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CapitalizedContractCostRecognized
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CapitalizedContractCostRecognized
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CY2023Q3 us-gaap Profit Loss
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CY2023Q3 rily Services And Fees Revenue
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CY2022Q3 rily Services And Fees Revenue
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CY2023Q3 rily Sale Of Goods
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CY2023Q3 rily Interest Income Loan And Securities Lending
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Files In Submission

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