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Schedule I | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SCHEDULE I ﻿
COHEN & COMPANY INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
Balance Sheets
(Dollars in Thousands)
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | - |  |  | $ | - |
Investment in Cohen & Company, LLC |  |  | 62,552 |  |  |  | 64,804 |
Deferred income taxes |  |  | 7,397 |  |  |  | - |
Total assets |  | $ | 69,949 |  |  | $ | 64,804 |
Liabilities |  |  |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 205 |  |  | $ | 359 |
Deferred income taxes |  |  | - |  |  |  | 1,339 |
Debt |  |  | 25,835 |  |  |  | 29,787 |
Total liabilities |  |  | 26,040 |  |  |  | 31,485 |
Stockholders' Equity |  |  |  |  |  |  |  |
Preferred Stock |  |  | 27 |  |  |  | 27 |
Common Stock |  |  | 13 |  |  |  | 12 |
Additional paid-in capital |  |  | 65,031 |  |  |  | 68,714 |
Accumulated deficit |  |  | (20,341 | ) |  |  | (34,519 | )
Accumulated other comprehensive loss |  |  | (821 | ) |  |  | (915 | )
Total stockholders' equity |  |  | 43,909 |  |  |  | 33,319 |
Total liabilities and stockholders' equity |  | $ | 69,949 |  |  | $ | 64,804 |
﻿ See accompanying notes to condensed financial statements. ﻿
COHEN & COMPANY INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
Statements of Operations
(Dollars in Thousands)
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings / (loss) from Cohen & Company, LLC |  | $ | 8,567 |  |  | $ | 1,340 |  |  | $ | 921 |
Total revenues |  |  | 8,567 |  |  |  | 1,340 |  |  |  | 921 |
Operating income / (loss) |  |  | 8,567 |  |  |  | 1,340 |  |  |  | 921 |
Non-operating expense |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (3,218 | ) |  |  | (4,074 | ) |  |  | (4,251 | )
Income / (loss) before income taxes |  |  | 5,349 |  |  |  | (2,734 | ) |  |  | (3,330 | )
Income tax (benefit) / expense |  |  | (8,856 | ) |  |  | (680 | ) |  |  | (867 | )
Net income / (loss) |  | $ | 14,205 |  |  | $ | (2,054 | ) |  | $ | (2,463 | )
﻿ See accompanying notes to condensed financial statements.
COHEN & COMPANY INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
Statements of Cash Flows
(Dollars in Thousands)
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income / (loss) |  | $ | 14,205 |  |  | $ | (2,054 | ) |  | $ | (2,463 | )
Adjustments to reconcile net income / (loss) to net cash provided by / (used) in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings / (loss) from Cohen & Company, LLC |  |  | (8,567 | ) |  |  | (1,340 | ) |  |  | (921 | )
Distributions from / (contributions to) Cohen & Company, LLC |  |  | 9,388 |  |  |  | 4,634 |  |  |  | 6,930 |
Other (income) / expense |  |  | - |  |  |  | - |  |  |  | - |
Amortization of discount of debt |  |  | 434 |  |  |  | 277 |  |  |  | 575 |
(Increase) / decrease in other assets |  |  | 21 |  |  |  | 47 |  |  |  | (53 | )
Increase / (decrease) in accounts payable and other liabilities |  |  | (34 | ) |  |  | 19 |  |  |  | 14 |
Increase / (decrease) in deferred income taxes |  |  | (8,877 | ) |  |  | (678 | ) |  |  | (838 | )
Net cash provided by / (used in) operating activities |  |  | 6,570 |  |  |  | 905 |  |  |  | 3,244 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Repurchase and repayment of debt |  |  | - |  |  |  | - |  |  |  | (1,461 | )
Cash used to net share settle equity awards |  |  | (15 | ) |  |  | (87 | ) |  |  | (51 | )
Principal payments on debt |  |  | (4,386 | ) |  |  | - |  |  |  | - |
Repurchase of stock |  |  | (2,142 | ) |  |  | (299 | ) |  |  | (769 | )
Dividends paid to stockholders |  |  | (27 | ) |  |  | (519 | ) |  |  | (966 | )
Net cash provided by / (used in) financing activities |  |  | (6,570 | ) |  |  | (905 | ) |  |  | (3,247 | )
Net increase (decrease) in cash and cash equivalents |  |  | - |  |  |  | - |  |  |  | (3 | )
Cash and cash equivalents, beginning of period |  |  | - |  |  |  | - |  |  |  | 3 |
Cash and cash equivalents, end of period |  | $ | - |  |  | $ | - |  |  | $ | - |
See accompanying notes to condensed financial statements. The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and related notes of Cohen & Company Inc. Certain prior period amounts have been reclassified to conform to the current period presentation. The Company paid or received cash distributions to / from Cohen & Cohen, LLC as disclosed above in the statements of cash flow.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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