Cohen & Company Inc. (COHN) financial statements (2020 and earlier)

Company profile

Business Address CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104-2870
State of Incorp. MD
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8142251721091213
Cash and cash equivalents8142315141213
Short-term investments  20215795  
Prepaid expense 0 00 0
Total current assets:8142251721091213
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment1100112
Long-term investments and receivables4  002(0)
Long-term investments4  002(0)
Intangible assets, net (including goodwill)88888812
Goodwill88888811
Intangible assets, net (excluding goodwill)0000000
Total noncurrent assets:2099991214
Other undisclosed assets7,9735,6311,803380191272190
TOTAL ASSETS:8,0025,6542,036561309296217
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111110 
Employee-related liabilities11111  
Taxes payable     0 
Debt7,5345,2111,692295128  
Total current liabilities:7,5355,2111,6932961290 
Noncurrent Liabilities
Liabilities, other than long-term debt1      
Deferred income tax liabilities1
Total noncurrent liabilities:1      
Other undisclosed liabilities416401295218134240156
Total liabilities:7,9535,6121,988515263240156
Stockholders' equity
Stockholders' equity attributable to parent33364039404851
Preferred stock0000000
Common stock0000000
Additional paid in capital69696969727574
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Accumulated deficit(35)(32)(28)(30)(31)(26)(22)
Stockholders' equity attributable to noncontrolling interest157886810
Total stockholders' equity:49424847465661
TOTAL LIABILITIES AND EQUITY:8,0025,6542,036561309296217

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues50494855465658
Principal transactions revenue, net3829
Financial services revenue354841  
Cost of revenue(13)(10)(16)(14)(18)(21)(30)
Gross profit:37393141283427
Operating expenses(33)(35)(24)(33)(30)(34)(49)
Operating income (loss):4479(2)0(21)
Nonoperating income (expense)  22  (4)(4)
Investment income, nonoperating  22    
Interest and debt expense(1)(8)(6)(5)(4)(4)(0)
Income (loss) from continuing operations before equity method investments, income taxes:4(5)234(6)(9)(25)
Income (loss) from equity method investments(1)    02
Other undisclosed income (loss) from continuing operations before income taxes(7) (22)  40
Income (loss) from continuing operations before income taxes:(4)(5)14(6)(4)(23)
Income tax expense (benefit)111(0)(0)04
Net income (loss):(4)(4)23(6)(4)(20)
Net income (loss) attributable to noncontrolling interest22(0)(1)217
Net income (loss) available to common stockholders, basic:(2)(2)22(4)(3)(13)
Interest on convertible debt  1    
Dilutive securities, effect on basic earnings per share(1)(2)01(2)  
Other undisclosed net income (loss) available to common stockholders, diluted001(0)0(1)(6)
Net income (loss) available to common stockholders, diluted:(3)(4)43(6)(3)(19)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(4)(4)23(6)(4)(20)
Other comprehensive income (loss)(0)(0)0(0)(0)(0)(0)
Comprehensive income (loss):(4)(4)33(6)(4)(20)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest22(0)(1)2(1)(7)
Other undisclosed comprehensive income, net of tax, attributable to parent     213
Comprehensive income (loss), net of tax, attributable to parent:(2)(3)22(4)(3)(13)

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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