Cohen & Company Inc. (COHN) financial statements (2021 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)

12/31/2020
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 investments4281422517210912
Cash and cash equivalents4281423151412
Short-term investments   20215795 
Prepaid expense  0 00 
Total current assets:4281422517210912
Noncurrent Assets
Operating lease, right-of-use asset67
Property, plant and equipment1110011
Long-term investments and receivables134  002
Long-term investments134  002
Intangible assets, net (including goodwill)0888888
Goodwill0888888
Intangible assets, net (excluding goodwill)0000000
Deferred income tax assets7 
Total noncurrent assets:2820999912
Other undisclosed assets6,0797,9735,6311,803380191272
TOTAL ASSETS:6,1498,0025,6542,036561309296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1111110
Employee-related liabilities111111 
Taxes payable      0
Debt5,7137,5345,2111,692295128 
Total current liabilities:5,7147,5355,2111,6932961290
Noncurrent Liabilities
Liabilities, other than long-term debt 1     
Deferred income tax liabilities 1
Total noncurrent liabilities: 1     
Other undisclosed liabilities334416401295218134240
Total liabilities:6,0487,9535,6121,988515263240
Stockholders' equity
Stockholders' equity attributable to parent44333640394048
Preferred stock0000000
Common stock0000000
Additional paid in capital65696969697275
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Accumulated deficit(20)(35)(32)(28)(30)(31)(26)
Stockholders' equity attributable to noncontrolling interest581578868
Total stockholders' equity:101494248474656
TOTAL LIABILITIES AND EQUITY:6,1498,0025,6542,036561309296

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
Revenues66504948554656
Gain on disposition of assets for financial service operations31  
Principal transactions revenue, net 3829
Financial services revenue354841 
Cost of revenue (13)(10)(16)(14)(18)(21)
Gross profit:66373931412834
Operating expenses(70)(33)(35)(24)(33)(30)(34)
Other undisclosed operating income41      
Operating income (loss):384479(2)0
Nonoperating income (expense)   22  (4)
Investment income, nonoperating   22   
Interest and debt expense(66)(1)(8)(6)(5)(4)(4)
Income (loss) from continuing operations before equity method investments, income taxes:(28)4(5)234(6)(9)
Income (loss) from equity method investments(0)(1)    0
Other undisclosed income (loss) from continuing operations before income taxes64(7) (22)  4
Income (loss) from continuing operations before income taxes:36(4)(5)14(6)(4)
Income tax expense (benefit)8111(0)(0)0
Net income (loss):44(4)(4)23(6)(4)
Net income (loss) attributable to noncontrolling interest(24)22(0)(1)21
Other undisclosed net loss attributable to parent(5)      
Net income (loss) available to common stockholders, basic:15(2)(2)22(4)(3)
Interest on convertible debt1  1   
Dilutive securities, effect on basic earnings per share14(1)(2)01(2) 
Other undisclosed net income (loss) available to common stockholders, diluted9001(0)0(1)
Net income (loss) available to common stockholders, diluted:39(3)(4)43(6)(3)

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):44(4)(4)23(6)(4)
Other comprehensive income (loss)0(0)(0)0(0)(0)(0)
Other undisclosed comprehensive loss(5)      
Comprehensive income (loss):39(4)(4)33(6)(4)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(29)22(0)(1)2(1)
Other undisclosed comprehensive income, net of tax, attributable to parent5     2
Comprehensive income (loss), net of tax, attributable to parent:14(2)(3)22(4)(3)

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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