XML 52 R39.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Schedule I Condensed Financial Information of Registrant | 12 Months Ended
--- | ---
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Registrant | SCHE DU LE I
INSTITUTIONAL FINANCIAL MARKETS, INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
INSTITUTIONAL FINANCIAL MARKETS, INC. (PARENT COMPANY)
Balance Sheet
(Dollars in Thousands)
|  | December 31, 2015 |  | December 31, 2014
Assets |  |  |  |  |  |
Cash |  | $ | 3 |  | $ | 8
Investment in IFMI, LLC |  |  | 72,295 |  |  | 79,816
Other assets |  |  | 410 |  |  | 555
Total assets |  | $ | 72,708 |  | $ | 80,379
Liabilities |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 199 |  | $ | 317
Deferred income taxes |  |  | 3,804 |  |  | 3,888
Debt |  |  | 28,945 |  |  | 27,939
Total liabilities |  |  | 32,948 |  |  | 32,144
Stockholders’ Equity |  |  |  |  |  |
Preferred Stock: |  |  | 5 |  |  | 5
Common Stock |  |  | 13 |  |  | 15
Additional paid-in capital |  |  | 71,570 |  |  | 74,604
Accumulated deficit |  |  | (30,889) |  |  | (25,617)
Accumulated other comprehensive loss |  |  | (939) |  |  | (772)
Total stockholders’ equity |  |  | 39,760 |  |  | 48,235
Total liabilities and stockholders’ equity |  | $ | 72,708 |  | $ | 80,379
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)
|  | For the Year Ended
|  | December 31, 2015 |  | December 31, 2014 |  | December 31, 2013
Revenues |  |  |  |  |  |  |  |  |
Equity in undistributed earnings / (loss) from IFMI, LLC |  | $ | (180) |  | $ | 1,174 |  | $ | (11,502)
Total revenues |  |  | (180) |  |  | 1,174 |  |  | (11,502)
Operating income / (loss) |  |  | (180) |  |  | 1,174 |  |  | (11,502)
Non-operating expense |  |  |  |  |  |  |  |  |
Interest expense |  |  | (3,922) |  |  | (4,401) |  |  | (4,001)
Income / (loss) before income taxes |  |  | (4,102) |  |  | (3,227) |  |  | (15,503)
Income tax (benefit) / expense |  |  | (23) |  |  | (642) |  |  | (2,185)
Net income / (loss) |  | $ | (4,079) |  | $ | (2,585) |  | $ | (13,318)
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)
|  | For the Year Ended
|  | December 31, 2015 |  | December 31, 2014 |  | December 31, 2013
Operating activities |  |  |  |  |  |  |  |  |
Net income / (loss) |  | $ | (4,079) |  | $ | (2,585) |  | $ | (13,318)
Adjustments to reconcile net income / (loss) to net cash provided by / (used) in operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed earnings / (loss) from IFMI, LLC |  |  | 180 |  |  | (1,174) |  |  | 11,502
Distributions from / (contributions to) IFMI, LLC |  |  | 8,138 |  |  | 7,810 |  |  | (3,653)
Other (income) / expense |  |  | - |  |  | - |  |  | 15
Amortization of discount of debt |  |  | 1,006 |  |  | 1,380 |  |  | 906
(Increase) / decrease in other assets |  |  | 145 |  |  | 111 |  |  | 32
Increase / (decrease) in accounts payable and other liabilities |  |  | (118) |  |  | (58) |  |  | 74
Increase / (decrease) in deferred income taxes |  |  | (84) |  |  | (642) |  |  | (2,144)
Net cash provided by / (used in) operating activities |  |  | 5,188 |  |  | 4,842 |  |  | (6,586)
Financing activities |  |  |  |  |  |  |  |  |
Repurchase and repayment of debt |  |  | - |  |  | (3,115) |  |  | (5,000)
Issuance of debt |  |  | - |  |  | - |  |  | 8,248
Payments for deferred financing costs |  |  | - |  |  | - |  |  | (670)
Cash used to net share settle equity awards |  |  | - |  |  | (64) |  |  | (110)
Proceeds from issuance of stock, net |  |  | - |  |  | - |  |  | 5,051
Repurchase of stock |  |  | (4,000) |  |  | (384) |  |  | -
Dividends paid to stockholders |  |  | (1,193) |  |  | (1,278) |  |  | (1,066)
Net cash provided by / (used in) financing activities |  |  | (5,193) |  |  | (4,841) |  |  | 6,453
Net increase (decrease) in cash and cash equivalents |  |  | (5) |  |  | 1 |  |  | (133)
Cash and cash equivalents, beginning of period |  |  | 8 |  |  | 7 |  |  | 140
Cash and cash equivalents, end of period |  | $ | 3 |  | $ | 8 |  | $ | 7
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 paid or received cash distributions to / from IFMI, LLC as disclosed above in the statements of cash flow.

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: 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=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration