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Condensed consolidating financial information (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet | OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2015
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 907 |  |  | $ | 2,586 |  |  | $ | 59,871 |  |  | $ | — |  |  | $ | 63,364 |
Deposits with clearing organizations | — |  |  | — |  |  | 49,490 |  |  | — |  |  | 49,490 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 360,913 |  |  | — |  |  | 360,913 |
Receivable from customers, net of allowance for credit losses of $2,545 | — |  |  | — |  |  | 840,355 |  |  | — |  |  | 840,355 |
Income tax receivable | 33,801 |  |  | 27,536 |  |  | — |  |  | (50,400 | ) |  | 10,937 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 206,499 |  |  | — |  |  | 206,499 |
Securities owned, including amounts pledged of $546,334 at fair value | — |  |  | 1,183 |  |  | 734,210 |  |  | — |  |  | 735,393 |
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $54,919 and $8,444, respectively | — |  |  | — |  |  | 32,849 |  |  | — |  |  | 32,849 |
Office facilities, net of accumulated depreciation of $104,961 | — |  |  | 20,793 |  |  | 7,497 |  |  | — |  |  | 28,290 |
Loans held for sale, at fair value | — |  |  | — |  |  | 60,234 |  |  | — |  |  | 60,234 |
Mortgage servicing rights | — |  |  | — |  |  | 28,168 |  |  | — |  |  | 28,168 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 31,700 |  |  | — |  |  | 31,700 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Other assets | 1,201 |  |  | 3,224 |  |  | 102,458 |  |  | — |  |  | 106,883 |
Deferred tax assets | 317 |  |  | 330 |  |  | 29,900 |  |  | (30,547 | ) |  | — |
Investment in subsidiaries | 577,320 |  |  | 532,651 |  |  | — |  |  | (1,109,971 | ) |  | — |
Intercompany receivables | 60,187 |  |  | 13,185 |  |  | — |  |  | (73,372 | ) |  | — |
Total assets | $ | 673,733 |  |  | $ | 714,046 |  |  | $ | 2,682,033 |  |  | $ | (1,376,848 | ) |  | $ | 2,692,964 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 48,011 |  |  | $ | — |  |  | $ | 48,011 |
Bank call loans | — |  |  | — |  |  | 100,200 |  |  | — |  |  | 100,200 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 164,546 |  |  | — |  |  | 164,546 |
Payable to customers | — |  |  | — |  |  | 594,833 |  |  | — |  |  | 594,833 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 651,445 |  |  | — |  |  | 651,445 |
Securities sold, but not yet purchased, at fair value | — |  |  | — |  |  | 126,493 |  |  | — |  |  | 126,493 |
Accrued compensation | — |  |  | — |  |  | 150,898 |  |  | — |  |  | 150,898 |
Accounts payable and other liabilities | 3,235 |  |  | 35,812 |  |  | 125,736 |  |  | — |  |  | 164,783 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 25,771 |  |  | (50,400 | ) |  | — |
Senior secured notes | 150,000 |  |  | — |  |  | — |  |  | — |  |  | 150,000 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities | — |  |  | — |  |  | 47,220 |  |  | (30,547 | ) |  | 16,673 |
Intercompany payables | — |  |  | 62,204 |  |  | 11,168 |  |  | (73,372 | ) |  | — |
Total liabilities | 155,675 |  |  | 120,205 |  |  | 2,158,879 |  |  | (266,877 | ) |  | 2,167,882 |
Stockholders' equity |  |  |  |  |  |  |  |  |
Stockholders' equity attributable to Oppenheimer Holdings Inc. | 518,058 |  |  | 593,841 |  |  | 516,130 |  |  | (1,109,971 | ) |  | 518,058 |
Noncontrolling interest | — |  |  | — |  |  | 7,024 |  |  | — |  |  | 7,024 |
Total stockholders' equity | 518,058 |  |  | 593,841 |  |  | 523,154 |  |  | (1,109,971 | ) |  | 525,082 |
Total liabilities and stockholders' equity | $ | 673,733 |  |  | $ | 714,046 |  |  | $ | 2,682,033 |  |  | $ | (1,376,848 | ) |  | $ | 2,692,964 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 439 |  |  | $ | 1,557 |  |  | $ | 61,811 |  |  | $ | — |  |  | $ | 63,807 |
Cash and securities segregated for regulatory and other purposes | — |  |  | — |  |  | 18,594 |  |  | — |  |  | 18,594 |
Deposits with clearing organizations | — |  |  | — |  |  | 36,510 |  |  | — |  |  | 36,510 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 314,475 |  |  | — |  |  | 314,475 |
Receivable from customers, net of allowance for credit losses of $2,427 | — |  |  | — |  |  | 864,189 |  |  | — |  |  | 864,189 |
Income tax receivable | 28,070 |  |  | 27,304 |  |  | — |  |  | (51,134 | ) |  | 4,240 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 251,606 |  |  | — |  |  | 251,606 |
Securities owned, including amounts pledged of $518,123, at fair value | — |  |  | 5,806 |  |  | 837,349 |  |  | — |  |  | 843,155 |
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $42,211 and $8,606, respectively | — |  |  | — |  |  | 34,932 |  |  | — |  |  | 34,932 |
Office facilities, net of accumulated depreciation of $103,547 | — |  |  | 20,181 |  |  | 9,408 |  |  | — |  |  | 29,589 |
Loans held for sale, at fair value | — |  |  | — |  |  | 19,243 |  |  | — |  |  | 19,243 |
Mortgage servicing rights | — |  |  | — |  |  | 30,140 |  |  | — |  |  | 30,140 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 31,700 |  |  | — |  |  | 31,700 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Other assets | 1,686 |  |  | 3,803 |  |  | 101,897 |  |  | — |  |  | 107,386 |
Deferred tax assets | 18 |  |  | 309 |  |  | 27,973 |  |  | (28,300 | ) |  | — |
Investment in subsidiaries | 565,257 |  |  | 544,576 |  |  | — |  |  | (1,109,833 | ) |  | — |
Intercompany receivables | 87,442 |  |  | — |  |  | — |  |  | (87,442 | ) |  | — |
Total assets | $ | 682,912 |  |  | $ | 716,094 |  |  | $ | 2,777,716 |  |  | $ | (1,389,267 | ) |  | $ | 2,787,455 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 35,373 |  |  | $ | — |  |  | $ | 35,373 |
Bank call loans | — |  |  | — |  |  | 59,400 |  |  | — |  |  | 59,400 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 257,161 |  |  | — |  |  | 257,161 |
Payable to customers | — |  |  | — |  |  | 652,256 |  |  | — |  |  | 652,256 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 687,440 |  |  | — |  |  | 687,440 |
Securities sold, but not yet purchased, at fair value | — |  |  | — |  |  | 92,510 |  |  | — |  |  | 92,510 |
Accrued compensation | — |  |  | — |  |  | 165,134 |  |  | — |  |  | 165,134 |
Accounts payable and other liabilities | 2,828 |  |  | 35,800 |  |  | 102,724 |  |  | — |  |  | 141,352 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 26,505 |  |  | (51,134 | ) |  | — |
Senior secured notes | 150,000 |  |  | — |  |  | — |  |  | — |  |  | 150,000 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities | — |  |  | 88 |  |  | 41,309 |  |  | (28,300 | ) |  | 13,097 |
Intercompany payables | — |  |  | 76,492 |  |  | 10,950 |  |  | (87,442 | ) |  | — |
Total liabilities | 155,268 |  |  | 134,569 |  |  | 2,243,320 |  |  | (279,434 | ) |  | 2,253,723 |
Stockholders' equity |  |  |  |  |  |  |  |  |
Stockholders' equity attributable to Oppenheimer Holdings Inc. | 527,644 |  |  | 581,525 |  |  | 528,308 |  |  | (1,109,833 | ) |  | 527,644 |
Noncontrolling interest | — |  |  | — |  |  | 6,088 |  |  | — |  |  | 6,088 |
Total stockholders' equity | 527,644 |  |  | 581,525 |  |  | 534,396 |  |  | (1,109,833 | ) |  | 533,732 |
Total liabilities and stockholders' equity | $ | 682,912 |  |  | $ | 716,094 |  |  | $ | 2,777,716 |  |  | $ | (1,389,267 | ) |  | $ | 2,787,455 |
Condensed Consolidating Statement of Operations | OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2015
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 417,559 |  |  | $ | — |  |  | $ | 417,559 |
Advisory fees | — |  |  | 1,296 |  |  | 282,633 |  |  | (3,682 | ) |  | 280,247 |
Investment banking | — |  |  | — |  |  | 102,540 |  |  | — |  |  | 102,540 |
Interest | — |  |  | 10,237 |  |  | 51,055 |  |  | (10,261 | ) |  | 51,031 |
Principal transactions, net | — |  |  | — |  |  | 20,567 |  |  | (64 | ) |  | 20,503 |
Other | — |  |  | 370 |  |  | 56,435 |  |  | (300 | ) |  | 56,505 |
Total revenue | — |  |  | 11,903 |  |  | 930,789 |  |  | (14,307 | ) |  | 928,385 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 1,185 |  |  | — |  |  | 622,041 |  |  | — |  |  | 623,226 |
Communications and technology | 142 |  |  | — |  |  | 66,768 |  |  | — |  |  | 66,910 |
Occupancy and equipment costs | — |  |  | — |  |  | 63,444 |  |  | (300 | ) |  | 63,144 |
Clearing and exchange fees | — |  |  | — |  |  | 26,022 |  |  | — |  |  | 26,022 |
Interest | 13,125 |  |  | — |  |  | 14,459 |  |  | (10,261 | ) |  | 17,323 |
Other | 1,663 |  |  | 892 |  |  | 126,240 |  |  | (3,746 | ) |  | 125,049 |
Total expenses | 16,115 |  |  | 892 |  |  | 918,974 |  |  | (14,307 | ) |  | 921,674 |
Income (loss) before income tax provision (benefit) | (16,115 | ) |  | 11,011 |  |  | 11,815 |  |  | — |  |  | 6,711 |
Income tax provision (benefit) | (6,030 | ) |  | 5,553 |  |  | 4,290 |  |  | — |  |  | 3,813 |
Equity in earnings of subsidiaries | 12,047 |  |  | 6,589 |  |  | — |  |  | (18,636 | ) |  | — |
Net income for the year | 1,962 |  |  | 12,047 |  |  | 7,525 |  |  | (18,636 | ) |  | 2,898 |
Less net income attributable to noncontrolling interest, net of tax | — |  |  | — |  |  | 936 |  |  | — |  |  | 936 |
Net income attributable to Oppenheimer Holdings Inc. | 1,962 |  |  | 12,047 |  |  | 6,589 |  |  | (18,636 | ) |  | 1,962 |
Other comprehensive income | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Total comprehensive income | $ | 1,962 |  |  | $ | 12,047 |  |  | $ | 6,606 |  |  | $ | (18,636 | ) |  | $ | 1,979 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 469,829 |  |  | $ | — |  |  | $ | 469,829 |
Advisory fees | — |  |  | 1,139 |  |  | 283,785 |  |  | (3,244 | ) |  | 281,680 |
Investment banking | — |  |  | — |  |  | 125,598 |  |  | — |  |  | 125,598 |
Interest | — |  |  | 10,482 |  |  | 49,193 |  |  | (10,431 | ) |  | 49,244 |
Principal transactions, net | — |  |  | 164 |  |  | 29,535 |  |  | — |  |  | 29,699 |
Other | — |  |  | 477 |  |  | 48,362 |  |  | (425 | ) |  | 48,414 |
Total revenue | — |  |  | 12,262 |  |  | 1,006,302 |  |  | (14,100 | ) |  | 1,004,464 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 1,047 |  |  | — |  |  | 663,594 |  |  | — |  |  | 664,641 |
Communications and technology | 145 |  |  | — |  |  | 67,025 |  |  | — |  |  | 67,170 |
Occupancy and equipment costs | — |  |  | — |  |  | 63,437 |  |  | (425 | ) |  | 63,012 |
Clearing and exchange fees | — |  |  | — |  |  | 24,709 |  |  | — |  |  | 24,709 |
Interest | 14,401 |  |  | — |  |  | 13,831 |  |  | (10,431 | ) |  | 17,801 |
Other | 4,626 |  |  | 733 |  |  | 139,280 |  |  | (3,244 | ) |  | 141,395 |
Total expenses | 20,219 |  |  | 733 |  |  | 971,876 |  |  | (14,100 | ) |  | 978,728 |
Income (loss) before income tax provision (benefit) | (20,219 | ) |  | 11,529 |  |  | 34,426 |  |  | — |  |  | 25,736 |
Income tax provision (benefit) | (7,917 | ) |  | 3,971 |  |  | 20,121 |  |  | — |  |  | 16,175 |
Equity in earnings of subsidiaries | 21,128 |  |  | 13,570 |  |  | — |  |  | (34,698 | ) |  | — |
Net income for the year | 8,826 |  |  | 21,128 |  |  | 14,305 |  |  | (34,698 | ) |  | 9,561 |
Less net income attributable to noncontrolling interest, net of tax | — |  |  | — |  |  | 735 |  |  | — |  |  | 735 |
Net income attributable to Oppenheimer Holdings Inc. | 8,826 |  |  | 21,128 |  |  | 13,570 |  |  | (34,698 | ) |  | 8,826 |
Other comprehensive loss | — |  |  | — |  |  | (2,627 | ) |  | — |  |  | (2,627 | )
Total comprehensive income | $ | 8,826 |  |  | $ | 21,128 |  |  | $ | 10,943 |  |  | $ | (34,698 | ) |  | $ | 6,199 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2013
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 486,767 |  |  | $ | — |  |  | $ | 486,767 |
Advisory fees | — |  |  | 825 |  |  | 276,913 |  |  | (3,560 | ) |  | 274,178 |
Investment banking | — |  |  | — |  |  | 97,977 |  |  | — |  |  | 97,977 |
Interest | 5 |  |  | 11,128 |  |  | 53,401 |  |  | (11,318 | ) |  | 53,216 |
Principal transactions, net | — |  |  | 79 |  |  | 43,689 |  |  | — |  |  | 43,768 |
Other | — |  |  | 180 |  |  | 63,808 |  |  | (180 | ) |  | 63,808 |
Total revenue | 5 |  |  | 12,212 |  |  | 1,022,555 |  |  | (15,058 | ) |  | 1,019,714 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 1,124 |  |  | — |  |  | 674,812 |  |  | — |  |  | 675,936 |
Communications and technology | 119 |  |  | — |  |  | 65,698 |  |  | — |  |  | 65,817 |
Occupancy and equipment costs | — |  |  | — |  |  | 66,938 |  |  | (180 | ) |  | 66,758 |
Clearing and exchange fees | — |  |  | — |  |  | 24,481 |  |  | — |  |  | 24,481 |
Interest | 17,500 |  |  | — |  |  | 19,960 |  |  | (11,318 | ) |  | 26,142 |
Other | 1,309 |  |  | 522 |  |  | 118,400 |  |  | (3,560 | ) |  | 116,671 |
Total expenses | 20,052 |  |  | 522 |  |  | 970,289 |  |  | (15,058 | ) |  | 975,805 |
Income (loss) before income tax provision (benefit) | (20,047 | ) |  | 11,690 |  |  | 52,266 |  |  | — |  |  | 43,909 |
Income tax provision (benefit) | (7,110 | ) |  | 5,638 |  |  | 19,228 |  |  | — |  |  | 17,756 |
Equity in earnings of subsidiaries | 37,998 |  |  | 31,946 |  |  | — |  |  | (69,944 | ) |  | — |
Net income for the year | 25,061 |  |  | 37,998 |  |  | 33,038 |  |  | (69,944 | ) |  | 26,153 |
Less net income attributable to noncontrolling interest, net of tax | — |  |  | — |  |  | 1,092 |  |  | — |  |  | 1,092 |
Net income attributable to Oppenheimer Holdings Inc. | 25,061 |  |  | 37,998 |  |  | 31,946 |  |  | (69,944 | ) |  | 25,061 |
Other comprehensive income (loss) | (3 | ) |  | — |  |  | 1,505 |  |  | — |  |  | 1,502 |
Total comprehensive income | $ | 25,058 |  |  | $ | 37,998 |  |  | $ | 33,451 |  |  | $ | (69,944 | ) |  | $ | 26,563 |
Condensed Consolidating Statement of Cash Flows | OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2015
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | 15,003 |  |  | $ | 1,029 |  |  | $ | (36,851 | ) |  | $ | — |  |  | $ | (20,819 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (5,889 | ) |  | — |  |  | (5,889 | )
Cash used in investing activities | — |  |  | — |  |  | (5,889 | ) |  | — |  |  | (5,889 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (6,008 | ) |  | — |  |  | — |  |  | — |  |  | (6,008 | )
Repurchase of Class A non-voting common stock for cancellation | (8,250 | ) |  | — |  |  | — |  |  | — |  |  | (8,250 | )
Tax deficiency from share-based awards | (277 | ) |  | — |  |  | — |  |  | — |  |  | (277 | )
Increase in bank call loans, net |  |  | — |  |  | 40,800 |  |  | — |  |  | 40,800 |
Cash flow provided by (used in) in financing activities | (14,535 | ) |  | — |  |  | 40,800 |  |  | — |  |  | 26,265 |
Net increase (decrease) in cash and cash equivalents | 468 |  |  | 1,029 |  |  | (1,940 | ) |  | — |  |  | (443 | )
Cash and cash equivalents, beginning of the year | 439 |  |  | 1,557 |  |  | 61,811 |  |  | — |  |  | $ | 63,807 |
Cash and cash equivalents, end of the year | $ | 907 |  |  | $ | 2,586 |  |  | $ | 59,871 |  |  | $ | — |  |  | $ | 63,364 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | 49,595 |  |  | $ | (29,344 | ) |  | $ | 58,064 |  |  | $ | — |  |  | $ | 78,315 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (4,398 | ) |  | — |  |  | (4,398 | )
Cash used in investing activities | — |  |  | — |  |  | (4,398 | ) |  | — |  |  | (4,398 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (5,983 | ) |  | — |  |  | — |  |  | — |  |  | (5,983 | )
Issuance of Class A non-voting common stock | 185 |  |  | — |  |  | — |  |  | — |  |  | 185 |
Tax benefit from share-based awards | 1,194 |  |  | — |  |  | — |  |  | — |  |  | 1,194 |
Redemption of senior secured notes | (45,000 | ) |  | — |  |  | — |  |  | — |  |  | (45,000 | )
Decrease in bank call loans, net | — |  |  | — |  |  | (58,800 | ) |  | — |  |  | (58,800 | )
Cash flow used in financing activities | (49,604 | ) |  | — |  |  | (58,800 | ) |  | — |  |  | (108,404 | )
Net decrease in cash and cash equivalents | (9 | ) |  | (29,344 | ) |  | (5,134 | ) |  | — |  |  | (34,487 | )
Cash and cash equivalents, beginning of the year | 448 |  |  | 30,901 |  |  | 66,945 |  |  | — |  |  | 98,294 |
Cash and cash equivalents, end of the year | $ | 439 |  |  | $ | 1,557 |  |  | $ | 61,811 |  |  | $ | — |  |  | $ | 63,807 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2013
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | 9,944 |  |  | $ | (9,757 | ) |  | $ | (3,616 | ) |  | $ | — |  |  | $ | (3,429 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (14,012 | ) |  | — |  |  | (14,012 | )
Cash used in investing activities | — |  |  | — |  |  | (14,012 | ) |  | — |  |  | (14,012 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (5,978 | ) |  | — |  |  | — |  |  | — |  |  | (5,978 | )
Issuance of Class A non-voting common stock | 150 |  |  | — |  |  | — |  |  | — |  |  | 150 |
Repurchase of Class A non-voting common stock for cancellation | (3,625 | ) |  | — |  |  | — |  |  | — |  |  | (3,625 | )
Tax deficiency from share-based awards | (78 | ) |  | — |  |  | — |  |  | — |  |  | (78 | )
Decrease in bank call loans, net | — |  |  | — |  |  | (10,100 | ) |  | — |  |  | (10,100 | )
Cash flow used in financing activities | (9,531 | ) |  | — |  |  | (10,100 | ) |  | — |  |  | (19,631 | )
Net increase (decrease) in cash and cash equivalents | 413 |  |  | (9,757 | ) |  | (27,728 | ) |  | — |  |  | (37,072 | )
Cash and cash equivalents, beginning of the year | 35 |  |  | 40,658 |  |  | 94,673 |  |  | — |  |  | 135,366 |
Cash and cash equivalents, end of the year | $ | 448 |  |  | $ | 30,901 |  |  | $ | 66,945 |  |  | $ | — |  |  | $ | 98,294 |

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