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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 216,098 $ 278,933
Restricted cash 928 927
Due from clearing brokers 50,597 29,657
Securities and other investments owned, at fair value 1,144,896 1,532,095
Securities borrowed 2,414,074 2,090,966
Accounts receivable, net 52,935 49,673
Due from related parties 645 2,074
Loans receivable, at fair value (includes $88,893 and $167,744 from related parties as of June 30, 2022 and December 31, 2021, respectively) 770,840 873,186
Prepaid expenses and other assets 480,276 463,502
Operating lease right-of-use assets 59,806 56,969
Property and equipment, net 14,182 12,870
Goodwill 394,331 250,568
Other intangible assets, net 270,322 207,651
Deferred tax assets, net 5,287 2,848
Total assets 5,875,217 5,851,919
Liabilities:    
Accounts payable 22,428 6,326
Accrued expenses and other liabilities 245,773 343,750
Deferred revenue 79,226 69,507
Deferred tax liabilities, net 0 93,055
Due to related parties and partners 470 0
Due to clearing brokers 24,695 69,398
Securities sold not yet purchased 5,403 28,623
Securities loaned 2,414,201 2,088,685
Operating lease liabilities 70,972 69,072
Notes payable 23,186 357
Revolving credit facility 80,000 80,000
Term loans, net 367,815 346,385
Senior notes payable, net 1,644,778 1,606,560
Total liabilities 4,978,947 4,801,718
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests in equity of subsidiaries 352,894 345,000
B. Riley Financial, Inc. equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,535 and 4,512 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively; and liquidation preference of $113,380 and $112,790 as of June 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 28,290,458 and 27,591,028 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 3 3
Additional paid-in capital 459,220 413,486
Retained earnings 32,570 248,862
Accumulated other comprehensive loss (3,884) (1,080)
Total B. Riley Financial, Inc. stockholders’ equity 487,909 661,271
Noncontrolling interests 55,467 43,930
Total equity 543,376 705,201
Total liabilities and equity $ 5,875,217 $ 5,851,919