Cowen Inc. (COWN) financial statements (2021 and earlier)

Company profile

Business Address 599 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments645301259803813769922
Cash and cash equivalents645301259130112158130
Short-term investments   673701610792
Receivables(4)241918 38 
Prepaid expense287133 
Deferred rent asset    001
Total current assets:643334286823816810922
Noncurrent Assets
Operating lease, right-of-use asset7893
Property, plant and equipment33342640422726
Long-term investments and receivables39414041   
Long-term investments39414041   
Intangible assets, net (including goodwill)1711738691868443
Goodwill1471386161615835
Intangible assets, net (excluding goodwill)2435253026268
Deferred income tax assets9 
Total noncurrent assets:33034015217212911170
Other undisclosed assets6,8554,4882,9082,3011,0738711,414
TOTAL ASSETS:7,8285,1623,3463,2962,0191,7922,406
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16627014
Accounts payable23     
Taxes payable14327014
Debt523     
Securities loaned2,4761,602415457  682
Total current liabilities:2,4971,63141746401686
Noncurrent Liabilities
Other undisclosed liabilities4,1622,2361,8511,643866814956
Total liabilities:6,6593,8672,2672,1088678161,642
Temporary equity, carrying amount  285441379187 
Stockholders' equity
Stockholders' equity attributable to parent, including:969810794748773790678
Treasury stock, value(347)(284)(234)(187)(154)(137)(80)
Additional paid in capital1,1301,1111,0631,005929903772
Accumulated other comprehensive income (loss)(0)(0)(0)(0)(0) 0
Retained earnings (accumulated deficit)186(17)(35)(70)(2)24(16)
Other undisclosed stockholders' equity attributable to parent0000011
Stockholders' equity attributable to noncontrolling interest20094     
Total stockholders' equity:1,169904794748773790678
Other undisclosed liabilities and equity 391    86
TOTAL LIABILITIES AND EQUITY:7,8285,1623,3463,2962,0191,7922,406

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,6231,049967659472465428
Investment banking revenue769375357224133223171
Brokerage commissions revenue573403414
Financial services revenue332248201140
Cost of revenue(956)(627)(596)(131)(83)(44)(40)
Gross profit:668422371528388420387
Operating expenses(337)(322)(291)(627)(464)(460)(450)
Other operating expense, net(33)(23)(22)(18)(15)(16)(6)
Noninterest income, other operating income      9
Other expenses(33)(23)(22)(18)(15)(16)(15)
Operating income (loss):2987757(117)(90)(55)(68)
Nonoperating income1541391241064451120
Investment income, nonoperating1787977963739107
Interest and debt expense(2)(0)(1)(16) (0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:450216180(27)(46)(4)52
Other undisclosed income (loss) from continuing operations before income taxes(153)(145)(82)3415166
Income (loss) from continuing operations before income taxes:29771997(31)1158
Income tax expense (benefit)(90)(15)(16)(44)1947125
Net income (loss):2075683(37)(12)59183
Net income (loss) attributable to noncontrolling interest9(31)40(24)(7)(15)(16)
Other undisclosed net loss attributable to parent  (81)    
Net income (loss) attributable to parent:2162543(61)(19)44167
Preferred stock dividends and other adjustments(7)(7)(7)(7)(7)(4) 
Net income (loss) available to common stockholders, diluted:2101836(68)(26)40167

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):2075683(37)(12)59183
Other comprehensive income (loss)(0) 0(0)(0)(0)(1)
Comprehensive income (loss):2075683(37)(12)59182
Comprehensive income (loss), net of tax, attributable to noncontrolling interest9(31)40(24)(7)(15)(16)
Comprehensive income (loss), net of tax, attributable to parent:21625124(61)(19)44167

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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