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Supplemental Guarantor Consolidated Financial Statements
 9 Months Ended
Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract]  
Supplemental Guarantor Consolidated Financial Statements Condensed consolidating financial information
On September 22, 2020, the Parent issued in a private offering $125.0 million aggregate principal amount of the Notes. The Company used the net proceeds from the offering of the Unregistered Notes to redeem in full its Old Notes. See note 11 for further details.
The Notes are jointly and severally and fully and unconditionally guaranteed on a senior basis by E.A. Viner International Co. and Viner Finance Inc. (together, the "Guarantors"), unless released as described below. Each of the Guarantors is 100% owned by the Parent. The Indenture for the Notes contains covenants with restrictions which are discussed in note 11. The following condensed consolidating financial information presents the financial position, results of operations and cash flows of the Parent, the Guarantor subsidiaries, the Non-Guarantor subsidiaries and elimination entries necessary to consolidate the Company.
Each Guarantor will be automatically and unconditionally released and discharged upon: the sale, exchange or transfer of the capital stock of a Guarantor and the Guarantor ceasing to be a direct or indirect subsidiary of the Parent if such sale does not constitute an asset sale under the Indenture for the Notes or does not constitute an asset sale effected in compliance with the asset sale and merger covenants of the Indenture for the Notes; a Guarantor being dissolved or liquidated; a Guarantor being designated unrestricted in compliance with the applicable provisions of the Notes; or the exercise by the Parent of its legal defeasance option or covenant defeasance option or the discharge of the Parent's obligations under the Indenture for the Notes in accordance with the terms of such Indenture.
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF SEPTEMBER 30, 2020
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
ASSETS
Cash and cash equivalents$3,864 $188 $28,028 $— $32,080 
Deposits with clearing organizations— — 77,202 — 77,202 
Receivable from brokers, dealers and clearing organizations— — 207,256 — 207,256 
Receivable from customers, net of allowance for credit losses of $418— — 1,095,035 — 1,095,035 
Income tax receivable46,136 14,923 (702)(57,365)2,992 
Securities owned, including amounts pledged of $486,165 at fair value— 1,438 645,241 1 646,680 
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $37,224 and $4,190, respectively— — 44,723 — 44,723 
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $100,968— 20,989 7,927 — 28,916 
Right-of-use lease assets, net of accumulated amortization of $43,933— 150,115 4,551 — 154,666 
Subordinated loan receivable209 112,558 — (112,767)— 
Intangible assets— 400 31,700 — 32,100 
Goodwill— — 137,889 — 137,889 
Other assets(786)1,367 148,501 (3)149,079 
Deferred tax assets— (28)(2,668)2,696 — 
Investment in subsidiaries779,573 593,310 (1)(1,372,882)— 
Intercompany receivables(87,257)121,365 (7,777)(26,331)— 
Total assets$741,739 $1,016,625 $2,416,905 $(1,566,651)$2,608,618 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Drafts payable$— $— $18,251 $— $18,251 
Bank call loans— — 156,900 — 156,900 
Payable to brokers, dealers and clearing organizations— — 366,949 — 366,949 
Payable to customers— — 380,746 — 380,746 
Securities sold under agreements to repurchase— — 252,827 — 252,827 
Securities sold but not yet purchased, at fair value— — 222,449 — 222,449 
Accrued compensation— — 201,616 — 201,616 
Income tax payable2,440 22,189 34,769 (59,398)— 
Accounts payable and other liabilities219 (10,320)53,553 21 43,473 
Lease liabilities— 190,603 4,745 — 195,348 
Senior secured notes, net of debt issuance cost of $1,136123,864 — — — 123,864 
Subordinated indebtedness— — 112,558 (112,558)— 
Deferred tax liabilities— (7,298)33,546 4,731 30,979 
Intercompany payables— 26,335 — (26,335)— 
Total liabilities126,523 221,509 1,838,909 (193,539)1,993,402 
Stockholders' equity
Total stockholders' equity615,216 795,116 577,996 (1,373,112)615,216 
Total liabilities and stockholders' equity$741,739 $1,016,625 $2,416,905 $(1,566,651)$2,608,618 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2019
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
ASSETS
Cash and cash equivalents$4,811 $2,179 $72,560 $— $79,550 
Deposits with clearing organizations— — 48,415 — 48,415 
Receivable from brokers, dealers and clearing organizations— — 158,231 5,062 163,293 
Receivable from customers, net of allowance for credit losses of $451— — 796,934 — 796,934 
Income tax receivable42,556 16,469 — (53,855)5,170 
Securities owned, including amounts pledged of $357,120 at fair value— 1,352 798,367 — 799,719 
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $38,355 and $3,673, respectively— — 43,670 — 43,670 
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $94,773— 22,537 8,840 — 31,377 
Subordinated loan receivable209 112,558 — (112,767)— 
Right-of-use lease assets, net of accumulated amortization of $25,186— 153,780 6,517 — 160,297 
Intangible assets— 400 31,700 — 32,100 
Goodwill— — 137,889 — 137,889 
Other assets154 11,798 164,821 (10,432)166,341 
Deferred tax assets4 7,048 2,449 (9,501)— 
Investment in subsidiaries697,093 763,990 24,656 (1,485,739)— 
Intercompany receivables2,875 67,923 — (70,798)— 
Total assets$747,702 $1,160,034 $2,295,049 $(1,738,030)$2,464,755 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Payable to brokers, dealers and clearing organizations$— $— $520,975 $— $520,975 
Payable to customers— — 334,735 — 334,735 
Securities sold under agreements to repurchase— — 287,265 — 287,265 
Securities sold but not yet purchased, at fair value— — 100,571 — 100,571 
Accrued compensation— — 207,358 — 207,358 
Accounts payable and other liabilities5,166 75 50,049 (10,565)44,725 
Lease liabilities— 196,234 6,906 — 203,140 
Income tax payable— 40 703 (743)— 
Senior secured notes, net of debt issuance cost of $485149,515 — — — 149,515 
Subordinated indebtedness— — 112,558 (112,558)— 
Deferred tax liabilities— — 33,546 (9,797)23,749 
Intercompany payables299 — — (299)— 
Total liabilities154,980 196,349 1,654,666 (133,962)1,872,033 
Stockholders' equity
Total stockholders' equity592,722 963,685 640,383 (1,604,068)592,722 
Total liabilities and stockholders' equity$747,702 $1,160,034 $2,295,049 $(1,738,030)$2,464,755 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING INCOME STATEMENT
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2020
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
REVENUES
Commissions$— $— $92,241 $— $92,241 
Advisory fees— — 88,963 (368)88,595 
Investment banking— — 68,120 (1,875)66,245 
Bank deposit sweep income— — 4,619 — 4,619 
Interest— 2,058 7,594 (2,112)7,540 
Principal transactions, net— 8 7,695 — 7,703 
Other— — 9,315 1 9,316 
Total revenue— 2,066 278,547 (4,354)276,259 
EXPENSES
Compensation and related expenses259 — 189,395 — 189,654 
Communications and technology61 — 19,413 — 19,474 
Occupancy and equipment costs— — 15,199 — 15,199 
Clearing and exchange fees— — 6,211 — 6,211 
Interest2,596 — 2,977 (2,112)3,461 
Other4,906 3 17,875 (2,242)20,542 
Total expenses7,822 3 251,070 (4,354)254,541 
Pre-tax income (loss)(7,822)2,063 27,477 — 21,718 
Income taxes(2,010)528 7,561 — 6,079 
Net income (loss)(5,812)1,535 19,916 — 15,639 
Equity in earnings of subsidiaries21,451 19,916 — (41,367)— 
Net income15,639 21,451 19,916 (41,367)15,639 
Other comprehensive income— — 244 — 244 
Total comprehensive income$15,639 $21,451 $20,160 $(41,367)$15,883 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING INCOME STATEMENT
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
REVENUES
Commissions$— $— $78,627 $— $78,627 
Advisory fees— — 81,229 (342)80,887 
Investment banking— — 21,798 — 21,798 
Bank deposit sweep income— — 28,894 — 28,894 
Interest59 2,059 12,299 (2,073)12,344 
Principal transactions, net— (34)7,586 54 7,606 
Other3 — 4,635 (1)4,637 
Total revenue62 2,025 235,068 (2,362)234,793 
EXPENSES
Compensation and related expenses273 — 151,012 (1)151,284 
Communications and technology39 — 20,833 — 20,872 
Occupancy and equipment costs— — 16,010 — 16,010 
Clearing and exchange fees— (54)5,469 54 5,469 
Interest3,038 — 10,566 (2,073)11,531 
Other2,087 4 21,382 (342)23,131 
Total expenses5,437 (50)225,272 (2,362)228,297 
Pre-tax income (loss)(5,375)2,075 9,796 — 6,496 
Income taxes(1,364)558 3,353 — 2,547 
Net income (loss)(4,011)1,517 6,443 — 3,949 
Equity in earnings of subsidiaries7,960 6,443 — (14,403)— 
Net income 3,949 7,960 6,443 (14,403)3,949 
Other comprehensive income— — 533 — 533 
Total comprehensive income$3,949 $7,960 $6,976 $(14,403)$4,482 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING INCOME STATEMENT
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
REVENUES
Commissions$— $— $297,126 $— $297,126 
Advisory fees— — 251,811 (1,071)250,740 
Investment banking— — 140,034 (1,875)138,159 
Bank deposit sweep income— — 30,567 — 30,567 
Interest2 6,174 24,732 (6,258)24,650 
Principal transactions, net— 57 18,842 — 18,899 
Other95 — 15,526 (3)15,618 
Total revenue97 6,231 778,638 (9,207)775,759 
EXPENSES
Compensation and related expenses879 — 526,045 — 526,924 
Communications and technology144 — 60,545 — 60,689 
Occupancy and equipment costs— — 46,611 — 46,611 
Clearing and exchange fees— — 18,061 — 18,061 
Interest7,632 — 11,527 (6,258)12,901 
Other5,358 8 52,951 (2,949)55,368 
Total expenses14,013 8 715,740 (9,207)720,554 
Pre-tax income (loss) (13,916)6,223 62,898 — 55,205 
Income taxes(3,576)1,623 16,052 — 14,099 
Net income (loss)(10,340)4,600 46,846 — 41,106 
Equity in earnings of subsidiaries51,446 46,846 — (98,292)— 
Net income 41,106 51,446 46,846 (98,292)41,106 
Other comprehensive income— — 187 — 187 
Total comprehensive income$41,106 $51,446 $47,033 $(98,292)$41,293 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING INCOME STATEMENT
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
REVENUES
Commissions$— $— $238,932 $— $238,932 
Advisory fees— — 236,278 (1,037)235,241 
Investment banking— — 81,847 — 81,847 
Bank deposit sweep income— — 94,692 — 94,692 
Interest234 6,181 38,426 (6,220)38,621 
Principal transactions, net— 121 21,980 (12)22,089 
Other3 2 26,070 1 26,076 
Total revenue237 6,304 738,225 (7,268)737,498 
EXPENSES
Compensation and related expenses1,098 — 466,330 (6)467,422 
Communications and technology130 — 61,327 — 61,457 
Occupancy and equipment costs— (1)46,855 2 46,856 
Clearing and exchange fees— — 16,479 — 16,479 
Interest9,788 — 34,141 (6,220)37,709 
Other2,637 248 65,795 (1,044)67,636 
Total expenses13,653 247 690,927 (7,268)697,559 
Pre-tax income (loss) (13,416)6,057 47,298 — 39,939 
Income taxes(3,702)1,994 14,129 — 12,421 
Net income (loss)(9,714)4,063 33,169 — 27,518 
Equity in earnings of subsidiaries37,232 33,169 — (70,401)— 
Net income 27,518 37,232 33,169 (70,401)27,518 
Other comprehensive income— — 1,457 — 1,457 
Total comprehensive income$27,518 $37,232 $34,626 $(70,401)$28,975 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
Cash flows from operating activities:
Cash provided by/(used in) operating activities$51,332 $(1,991)$(197,724)$— $(148,383)
Cash flows from investing activities:
Purchase of furniture, equipment and leasehold improvements— — (3,708)— (3,708)
Cash used in investing activities— — (3,708)— (3,708)
Cash flows from financing activities:
Cash dividends paid on Class A non-voting and Class B voting common stock(4,597)— — — (4,597)
Issuance of Class A non-voting common stock34 — — — 34 
Repurchase of Class A non-voting common stock for cancellation(14,228)— — — (14,228)
Payments for employee taxes withheld related to vested share-based awards
(5,771)— — — (5,771)
Issuance of senior secured notes125,000 — — — 125,000 
Redemption of senior secured notes(148,574)— — — (148,574)
Repurchase of senior secured notes(1,426)— — — (1,426)
Debt issuance costs(210)— — — (210)
Debt redemption costs(2,507)— — — (2,507)
Increase in bank call loans, net— — 156,900 — 156,900 
Cash provided by (used in) financing activities(52,279)— 156,900 — 104,621 
Net decrease in cash and cash equivalents(947)(1,991)(44,532)— (47,470)
Cash and cash equivalents, beginning of the period4,811 2,179 72,560 — 79,550 
Cash and cash equivalents, end of the period$3,864 $188 $28,028 $— $32,080 
OPPENHEIMER HOLDINGS INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019
(Expressed in thousands)ParentGuarantor
subsidiaries		Non-guarantor
subsidiaries		EliminationsConsolidated
Cash flows from operating activities:
Cash provided by/(used in) operating activities$16,687 $(3,292)$9,502 $— $22,897 
Cash flows from investing activities:
Purchase of furniture, equipment and leasehold improvements— — (8,672)— (8,672)
Cash used in investing activities— — (6,952)— (6,952)
Cash flows from financing activities:
Cash dividends paid on Class A non-voting and Class B voting common stock(4,408)— — — (4,408)
Issuance of Class A non-voting common stock83 — — — 83 
Repurchase of Class A non-voting common stock for cancellation(8,400)— — — (8,400)
Payments for employee taxes withheld related to vested share-based awards(1,014)— — — (1,014)
Redemption of senior secured notes(50,000)— — — (50,000)
Debt redemption costs(1,688)— — — (1,688)
Decrease in bank call loans, net— — (15,000)— (15,000)
Cash used in financing activities(65,427)— (15,000)— (80,427)
Net decrease in cash and cash equivalents(48,740)(3,292)(12,450)— (64,482)
Cash and cash equivalents, beginning of the period53,525 3,826 33,324 — 90,675 
Cash and cash equivalents, end of the period$4,785 $534 $20,874 $— $26,193