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

SCHEDULE 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.