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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 268,618 $ 278,933
Restricted cash 2,308 927
Due from clearing brokers 48,737 29,657
Securities and other investments owned, at fair value 1,129,268 1,532,095
Securities borrowed 2,343,327 2,090,966
Accounts receivable, net 149,110 49,673
Due from related parties 1,081 2,074
Loans receivable, at fair value (includes $98,729 and $167,744 from related parties as of December 31, 2022 and 2021, respectively) 701,652 873,186
Prepaid expenses and other assets 460,696 463,502
Operating lease right-of-use assets 88,593 56,969
Property and equipment, net 27,141 12,870
Goodwill 512,595 250,568
Other intangible assets, net 374,098 207,651
Deferred income taxes 3,978 2,848
Total assets 6,111,202 5,851,919
Liabilities:    
Accounts payable 81,384 6,326
Accrued expenses and other liabilities 322,974 343,750
Deferred revenue 85,441 69,507
Deferred income taxes 29,548 93,055
Due to related parties and partners 2,210 0
Due to clearing brokers 19,307 69,398
Securities sold not yet purchased 5,897 28,623
Securities loaned 2,334,031 2,088,685
Operating lease liabilities 99,124 69,072
Notes payable 25,263 357
Revolving credit facility 127,678 80,000
Term loans, net 572,079 346,385
Senior notes payable, net 1,721,751 1,606,560
Total liabilities 5,426,687 4,801,718
Commitments and contingencies (Note 19)
Redeemable noncontrolling interests in equity of subsidiaries 178,622 345,000
B. Riley Financial, Inc. stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,545 and 4,512 shares issued and outstanding as of December 31, 2022 and 2021, respectively; liquidation preference of $113,615 and $112,790 as of December 31, 2022 and 2021, respectively. 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 28,523,764 and 27,591,028 shares issued and outstanding as of December 31, 2022 and 2021, respectively. 3 3
Additional paid-in capital 494,201 413,486
(Accumulated deficit) retained earnings (45,220) 248,862
Accumulated other comprehensive loss (2,470) (1,080)
Total B. Riley Financial, Inc. stockholders’ equity 446,514 661,271
Noncontrolling interests 59,379 43,930
Total equity 505,893 705,201
Total liabilities and equity $ 6,111,202 $ 5,851,919