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Schedule I - Condensed Financial Information of Registrant Institutional Financial Markets, Inc. (Parent Company) | 12 Months Ended
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Dec. 31, 2012
Schedule I - Condensed Financial Information of Registrant Institutional Financial Markets, Inc. (Parent Company) | SCHEDULE I INSTITUTIONAL FINANCIAL MARKETS, INC. CONDENSED FINANCIAL INFORMATION OF REGISTRANT INSTITUTIONAL FINANCIAL MARKETS, INC. (PARENT COMPANY) Balance Sheet (Dollars in Thousands)
|  | December 31, 2012 |  |  | December 31, 2011 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 140 |  |  | $ | — |
Investment in IFMI, LLC |  |  | 89,292 |  |  |  | 100,505 |
Net prepaid federal income taxes |  |  | 28 |  |  |  | 274 |
Total assets |  | $ | 89,460 |  |  | $ | 100,779 |
Liabilities |  |  |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 301 |  |  | $ | 631 |
Deferred income taxes |  |  | 6,674 |  |  |  | 7,500 |
Debt |  |  | 25,505 |  |  |  | 35,676 |
Total liabilities |  |  | 32,480 |  |  |  | 43,807 |
Stockholders’ Equity |  |  |  |  |  |  |  |
Preferred Stock: |  |  |  |  |  |  |  |
Series A Voting Convertible Preferred Stock |  |  | — |  |  |  | — |
Series B Voting Non-Convertible Preferred Stock |  |  | — |  |  |  | 5 |
Series C Junior Participating Preferred Stock |  |  | — |  |  |  | — |
Series D Voting Non-Convertible Preferred Stock |  |  | 5 |  |  |  | — |
Common Stock |  |  | 11 |  |  |  | 10 |
Additional paid-in capital |  |  | 64,829 |  |  |  | 63,032 |
Accumulated deficit |  |  | (7,370 | ) |  |  | (5,121 | )
Accumulated other comprehensive loss |  |  | (495 | ) |  |  | (626 | )
Treasury stock |  |  | — |  |  |  | (328 | )
Total stockholders’ equity |  |  | 56,980 |  |  |  | 56,972 |
Total liabilities and stockholders’ equity |  | $ | 89,460 |  |  | $ | 100,779 |
See accompanying notes to condensed financial statements. INSTITUTIONAL FINANCIAL MARKETS, INC. CONDENSED FINANCIAL INFORMATION OF REGISTRANT INSTITUTIONAL FINANCIAL MARKETS, INC. (PARENT COMPANY) Statement of Operations (Dollars in Thousands)
|  | Year Ended December 31, 2012 |  |  | Year Ended December 31, 2011 |  |  | Year Ended December 31, 2010 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings / (loss) from IFMI, LLC |  | $ | 2,666 |  |  | $ | (5,480 | ) |  | $ | 12,417 |
Total revenues |  |  | 2,666 |  |  |  | (5,480 | ) |  |  | 12,417 |
Operating income / (loss) |  |  | 2,666 |  |  |  | (5,480 | ) |  |  | 12,417 |
Non operating expense |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (4,397 | ) |  |  | (5,617 | ) |  |  | (5,330 | )
Income / (loss) before income taxes |  |  | (1,731 | ) |  |  | (11,097 | ) |  |  | 7,087 |
Income tax (benefit) / expense |  |  | (763 | ) |  |  | (1,709 | ) |  |  | (508 | )
Net income / (loss) |  | $ | (968 | ) |  | $ | (9,388 | ) |  | $ | 7,595 |
See accompanying notes to condensed financial statements. INSTITUTIONAL FINANCIAL MARKETS, INC. CONDENSED FINANCIAL INFORMATION OF REGISTRANT INSTITUTIONAL FINANCIAL MARKETS, INC. (PARENT COMPANY) Statement of Cash Flows (Dollars in Thousands)
|  | Year Ended December 31, 2012 |  |  | Year Ended December 31, 2011 |  |  | Year Ended December 31, 2010 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income / (loss) |  | $ | (968 | ) |  | $ | (9,388 | ) |  | $ | 7,595 |
Adjustments to reconcile net income / (loss) to net cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings / (loss) of IFMI, LLC |  |  | (2,666 | ) |  |  | 5,480 |  |  |  | (12,417 | )
Distributions from IFMI, LLC |  |  | 15,943 |  |  |  | 8,346 |  |  |  | 13,233 |
Gain on repurchase from debt |  |  | (3 | ) |  |  | (33 | ) |  |  | (923 | )
Amortization of discount of debt |  |  | 189 |  |  |  | 429 |  |  |  | 88 |
Change in current federal income receivable |  |  | 246 |  |  |  | 12 |  |  |  | (286 | )
Increase / (decrease) in accounts payable and other liabilities |  |  | (330 | ) |  |  | 9 |  |  |  | (84 | )
Change in deferred income taxes |  |  | (826 | ) |  |  | (1,708 | ) |  |  | (509 | )
Net cash provided by operating activities |  |  | 11,585 |  |  |  | 3,147 |  |  |  | 6,697 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of debt |  |  | (10,357 | ) |  |  | (984 | ) |  |  | (5,544 | )
Cash used to net share settle equity awards |  |  | (135 | ) |  |  | (48 | ) |  |  | (110 | )
Dividends paid to stockholders |  |  | (953 | ) |  |  | (2,115 | ) |  |  | (1,043 | )
Net cash used in financing activities |  |  | (11,445 | ) |  |  | (3,147 | ) |  |  | (6,697 | )
Net increase (decrease) in cash and cash equivalents |  |  | 140 |  |  |  | — |  |  |  | — |
Cash and cash equivalents, beginning of period |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents, end of period |  | $ | 140 |  |  | $ | — |  |  | $ | — |
See accompanying notes to condensed financial statements. INSTITUTIONAL FINANCIAL MARKETS, INC. CONDENSED FINANCIAL INFORMATION OF REGISTRANT INSTITUTIONAL FINANCIAL MARKETS, INC. (PARENT COMPANY) NOTES TO CONDENSED FINANCIAL STATEMENTS (Dollars in Thousands) The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and related notes of Institutional Financial Markets, Inc. Certain prior period amounts have been reclassified to conform to the current period presentation. The Company received cash distributions from IFMI, LLC of $15,943, $8,346, and $13,233 for the years ended December 31, 2012, 2011, and 2010, respectively.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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