Cohen & Company Inc.

COHN

COHNCohen & Company Inc. US flag

New York Stock Exchange American

11.29

USD

-0.24

- -

23.68MMarket Cap

Income Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	100	95	58	56	46	55	48	49	50	130	146	44	83	80	276
+ Sales & Services Revenue	100	95	58	56	46	55	48	49	50	130	146	44	83	80	276
- Cost of Revenue	78	63	47	30	28	31	23	25	26	60	85	50	52	56	178
+ Cost of Goods & Services	78	63	47	30	28	31	23	25	26	60	85	50	52	56	178
Gross Profit	22	32	10	26	18	24	25	24	24	70	61	-6	31	23	98
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	40	32	31	23	20	16	18	20	20	20	22	22	24	31	39
+ Selling, General & Admin	26	19	19	13	12	9	10	11	10	10	11	13	14	21	22
+ Research & Development	7	6	6	4	3	3	3	3	3	3	3	5	5	7	- -
+ Other Operating Expense	8	7	6	6	5	4	5	6	7	8	7	4	4	4	17
Operating Income (Loss)	-18	- -	-21	3	-2	9	7	4	4	50	40	-28	7	-8	59
- Non-Operating (Income) Loss	- -	3	2	7	4	5	6	8	8	20	-31	26	-9	-16	20
+ Interest Expense, Net	6	4	4	4	4	5	6	8	8	10	7	5	7	6	6
+ Interest Expense	6	4	4	4	4	5	6	9	8	10	7	5	7	6	6
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-6	-1	-2	3	- -	- -	- -	- -	1	11	-38	21	-16	-22	14
Pretax Income	-18	-3	-23	-4	-6	4	1	-5	-4	30	70	-54	16	8	40
- Income Tax Expense (Benefit)	-1	-1	-4	- -	- -	- -	-1	-1	-1	-9	-4	5	6	- -	-1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-17	-2	-20	-4	-6	3	2	-4	-4	38	74	-59	10	8	40
- Net Extraordinary Losses (Gains)	-15	-2	-13	-2	-3	2	1	-3	-3	48	124	-91	31	17	51
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-15	-2	-13	-2	-3	2	1	-3	-3	48	124	-91	31	17	51
Income (Loss) Incl. MI	-2	- -	-7	-1	-2	1	2	-1	-1	-10	-50	32	-21	-8	-11
- Minority Interest	7	1	7	1	2	-1	- -	2	2	-24	-62	45	-16	-8	-26
Net Income, GAAP	-9	-1	-13	-3	-4	2	2	-2	-2	14	12	-13	-5	- -	14
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-9	-1	-13	-3	-4	2	2	-2	-2	14	12	-13	-5	- -	14
EBIT	-18	- -	-21	3	-2	9	7	4	4	50	40	-28	7	-8	59
EBITDA	-16	2	-20	5	-1	9	8	4	4	51	40	-27	7	-7	60
EBITDA Margin (%)	-15.87	1.68	-34.25	8.09	-2.01	16.04	16.09	7.94	8.78	38.85	27.3	-61.74	8.95	-9.38	21.82
EBITA	-18	- -	-21	3	-2	9	7	4	4	50	40	-28	7	-8	59
Gross Margin (%)	22.03	33.9	17.99	46.61	39.28	43.75	52.62	48.6	47.71	53.96	41.89	-13.3	37.22	29.16	35.58
Operating Margin (%)	-18.11	0.31	-36.69	6.11	-3.6	15.51	15.57	7.41	8.14	38.59	27.05	-63	8.27	-10.08	21.56
Profit Margin (%)	-9.36	-1.02	-23.15	-4.64	-8.84	4.1	4.34	-4.99	-4.14	10.92	8.07	-30.16	-6.16	-0.16	5.24
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.99	0.89	0.86	0.85	0.81	0.78	0.82	0.84	0.46	0.02	0.57	1.8	1.16	1.16	- -
Depreciation Expense	2	1	1	1	1	- -	- -	- -	- -	- -	- -	1	1	1	1
Basic Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	2	2	- -
Basic EPS, GAAP	-8.83	-0.9	-10.79	-1.72	-2.76	1.86	1.71	-2.14	-1.81	12.56	9.95	-9.43	-3.38	-0.08	- -
Basic EPS from Cont Ops	-15.73	-1.9	-16.14	-2.45	-3.83	2.81	2.02	-3.46	-3.14	34	62.37	-41.32	6.87	5.07	- -
Diluted Weighted Avg Shares	2	2	2	2	2	2	3	2	2	5	5	1	2	6	- -
Diluted EPS, GAAP	-5.9	-0.61	-7.54	-1.27	-2.03	1.29	0.8	-1.46	-1.22	2.79	2.23	-9.43	-3.38	-0.02	- -
Diluted EPS from Cont Ops	-10.52	-1.28	-11.28	-1.81	-2.82	1.94	0.94	-2.37	-2.13	7.55	14.01	-41.32	6.87	1.44	- -

Balance Sheet (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	232	111	58	176	189	386	1,813	7,791	7,658	5,819	3,527	827	668	887	609
+ Cash, Cash Equivalents & STI	143	191	131	139	109	172	225	315	316	285	273	236	181	163	193
+ Cash & Cash Equivalents	18	14	13	12	14	15	23	14	8	42	51	29	11	20	57
+ ST Investments	125	176	118	127	95	157	202	301	308	243	223	207	171	143	136
+ Accounts & Notes Receiv	205	90	38	158	171	368	1,788	7,768	7,602	5,776	3,252	584	484	721	414
+ Accounts Receivable, Net	72	16	5	51	42	84	105	135	101	56	70	144	71	50	53
+ Notes Receivable, Net	- -	- -	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14	3	- -	- -
+ Other Receivable, Net	133	74	31	105	129	283	1,683	7,633	7,501	5,720	3,181	427	411	671	360
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-116	-170	-111	-121	-91	-154	-200	-293	-260	-241	2	6	3	3	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	189	230	159	166	119	175	224	325	343	330	130	60	105	84	91
+ Property, Plant & Equip, Net	3	2	2	1	1	- -	- -	1	8	7	12	11	9	18	18
+ Property, Plant & Equip	15	7	8	7	7	2	2	3	9	8	13	13	12	20	22
- Accumulated Depreciation	12	5	6	6	6	2	1	1	1	1	2	2	3	3	4
+ LT Investments & Receivables	174	216	145	155	110	165	215	315	327	281	87	34	73	46	41
+ LT Investments	174	216	145	155	110	165	215	315	327	281	87	34	73	46	41
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	12	11	13	10	9	9	8	9	9	42	31	15	22	20	32
+ Total Intangible Assets	12	11	12	8	8	8	8	8	8	- -	- -	- -	- -	- -	- -
+ Goodwill	11	11	11	8	8	8	8	8	8	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	1	2	1	1	- -	1	1	42	30	15	22	20	32
Total Assets	421	341	217	343	308	561	2,036	8,116	8,002	6,149	3,656	887	773	971	701
+ Payables & Accruals	11	11	14	10	3	4	6	13	44	5	5	10	8	7	18
+ Accounts Payable	1	1	6	5	- -	- -	2	6	- -	- -	- -	4	1	1	1
+ Accrued Taxes	2	3	1	1	1	1	1	1	1	1	2	2	2	2	6
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	8	7	7	4	2	3	3	6	42	4	4	5	5	4	11
+ ST Debt	135	70	29	102	128	295	1,692	7	7,534	5,713	3,171	453	- -	- -	- -
+ ST Borrowings	135	70	29	102	128	295	1,692	7	7,534	5,713	3,171	453	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-129	-69	-29	-102	-128	-295	-1,691	4	-7,525	-5,672	-3,154	-448	- -	4	- -
+ Deferred Revenue	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	8	7	5	4	4	4	3	2	1	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-138	-76	-33	-106	-132	-300	-1,694	2	-7,526	-5,672	-3,154	-448	- -	4	- -
Total Current Liabilities	17	13	14	10	3	4	7	24	53	46	23	15	8	11	18
+ LT Debt	62	122	55	117	84	115	173	233	265	210	215	171	149	118	50
+ LT Borrowings	62	122	55	117	84	115	173	233	257	204	204	161	141	102	33
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	8	7	11	10	8	17	17
+ Other LT Liabilities	265	130	87	159	175	396	1,808	7,817	7,635	5,791	3,267	607	524	752	530
+ Accrued Liabilities	8	7	5	4	4	4	3	2	1	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	257	123	82	155	171	391	1,805	7,815	7,633	5,791	3,267	607	524	752	530
Total Noncurrent Liabilities	326	252	142	276	259	511	1,981	8,049	7,900	6,002	3,482	778	673	870	580
Total Liabilities	343	265	156	286	262	515	1,988	8,073	7,953	6,048	3,505	793	681	881	597
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	63	65	74	75	72	69	69	69	69	65	72	73	75	77	79
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	63	65	74	75	72	69	69	69	69	65	72	73	75	77	79
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-5	-7	-22	-26	-31	-30	-28	-32	-35	-20	-9	-25	-32	-34	-27
+ Other Equity	-1	- -	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1
Equity Before Minority Interest	57	57	51	48	40	39	40	36	33	44	62	47	42	42	51
+ Minority/Non Controlling Interest	20	19	10	8	6	8	8	7	15	58	89	47	50	49	52
Total Equity	77	76	61	56	46	47	48	42	49	101	151	94	92	90	103
Total Liabilities & Equity	421	341	217	343	308	561	2,036	8,116	8,002	6,149	3,656	887	773	971	701
Shares Outstanding	1	1	1	2	1	1	1	1	1	1	2	2	2	2	2
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	8	7	11	10	8	17	17
Net Debt	178	178	70	207	198	396	1,842	225	7,783	5,875	3,325	584	130	82	-24
Net Debt to Equity	230.53	234.64	115.02	366.44	429.04	845.8	3,825.24	530.67	15,964.07	5,791.77	2,195.78	621.6	141.78	90.79	-23.15
Tangible Common Equity Ratio	16.06	19.52	24.13	14.45	12.66	6.98	1.97	0.42	0.51	1.64	4.13	10.57	11.84	9.27	14.68
Current Ratio	13.86	8.48	4.11	17.49	55.48	105.34	251.57	323.8	144.18	125.82	154.55	56.34	82.34	81.32	33.96
Cash Conversion Cycle	27.88	161.51	38.88	110.89	329.05	412.49	706.72	826.82	819.59	217.79	156.89	867.92	453.93	270.62	66.99

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-17	-2	-20	-4	-6	3	2	-4	-4	38	74	-59	10	8	40
+ Depreciation & Amortization	2	1	1	1	1	- -	- -	- -	- -	- -	- -	1	1	1	1
+ Non-Cash Items	- -	- -	10	3	4	1	- -	-3	- -	-29	-62	54	-38	-9	-40
+ Stock-Based Compensation	7	1	2	1	1	1	1	1	1	13	16	4	4	5	20
+ Deferred Income Taxes	- -	-1	-2	-1	- -	- -	-1	-1	-1	-9	-4	5	5	-1	-2
+ Asset Impairment Charge	- -	- -	- -	3	- -	- -	- -	- -	- -	8	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-7	- -	10	-1	3	-1	- -	-3	- -	-41	-74	45	-48	-13	-59
+ Chg in Non-Cash Work Cap	9	15	- -	4	-3	-13	-14	- -	-12	32	6	-19	-12	10	27
+ (Inc) Dec in Accts Receiv	31	57	42	-74	-21	-155	-1,772	-5,586	98	1,826	2,541	2,732	33	-261	308
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-3	-2	-5	-3	-2	- -	1	6	8	25	-11	-22	-84	12	75
+ Inc (Dec) in Other	-20	-40	-38	80	20	141	1,756	5,579	-117	-1,819	-2,525	-2,729	38	259	-357
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-6	15	-8	4	-4	-9	-12	-7	-15	41	18	-23	-40	9	27
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-1	- -	- -	- -	- -	-1	- -	- -	-1	-1	- -	-1	-1
+ Acq of Fixed Prod Assets	- -	- -	-1	- -	- -	- -	- -	-1	- -	- -	-1	-1	- -	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1	- -	5	- -	-4	-2	-1	-1	- -	-2	8	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	5	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -	- -
+ Decrease in Capital Stock	-1	- -	- -	- -	-4	-2	-1	-1	- -	-2	-1	- -	- -	- -	- -
+ Net Change in LT Investment	5	2	- -	-19	12	8	-4	3	8	1	-13	17	38	17	29
+ Dec in LT Investment	8	2	2	6	12	8	3	30	10	76	169	30	130	79	56
+ Inc in LT Investment	-3	- -	-2	-25	- -	- -	-7	-27	-2	-75	-182	-13	-92	-62	-27
+ Net Cash From Acq & Div	-11	7	4	20	- -	- -	- -	- -	-4	-13	-8	-3	-2	- -	-3
+ Cash from Divestitures	9	12	4	20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-20	-5	- -	- -	- -	- -	- -	- -	-4	-13	-8	-3	-2	- -	-3
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	1	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-7	9	3	- -	12	8	-4	2	4	-12	-23	14	38	17	26
+ Dividends Paid	-2	-1	-1	-1	-1	-1	-1	-1	-1	- -	-1	-3	-2	-2	-2
+ Net Cash From Debt	-8	-16	2	-3	- -	- -	15	-1	5	-2	-2	- -	- -	- -	-3
+ Cash From Debt	- -	- -	8	- -	- -	- -	15	- -	5	24	18	2	32	- -	- -
+ Repayments of Debt	-8	-16	-6	-3	- -	- -	- -	-1	- -	-27	-20	-2	-32	- -	-3
+ Other Financing Activities	-1	-10	-2	-1	- -	6	10	-1	2	8	8	-9	-15	-15	-13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-13	-28	4	-5	-6	2	23	-4	6	4	13	-12	-17	-17	-17
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
Net Changes in Cash	-26	-4	-1	-1	2	1	7	-9	-6	33	9	-21	-19	9	36
EBITDA	-16	2	-20	5	-1	9	8	4	4	51	40	-27	7	-7	60
EBITDA Margin (%)	-15.87	1.68	-34.25	8.09	-2.01	16.04	16.09	7.94	8.78	38.85	27.3	-61.74	8.95	-9.38	21.82
Free Cash Flow	-7	15	-9	4	-4	-9	-12	-8	-16	41	17	-24	-40	8	26
Net Cash Paid for Acquisitions	11	-7	-4	-20	- -	- -	- -	- -	4	13	8	3	2	- -	3
Free Cash Flow to Firm	- -	- -	- -	- -	- -	-5	- -	- -	- -	- -	- -	- -	-36	- -	- -
Free Cash Flow to Equity	-15	-2	-7	1	-4	-9	3	-9	-11	39	15	-24	-40	8	24
Free Cash Flow per Basic Share	-6.37	13.56	-7.36	2.62	-2.91	-7.34	-9.99	-6.95	-13.69	36.44	14.57	-16.94	-26.45	5.09	- -
Price/Free Cash Flow	-1.67	0.58	-2.22	4.03	-3	-1.37	-1.06	-1.53	-0.3	1.37	2.85	-0.41	-0.23	5.48	- -
Cash Flow to Net Income	0.67	-15.24	0.62	-1.59	1.02	-3.85	-5.77	2.84	7.53	2.92	1.55	1.75	7.76	-73.45	1.9
Capital Expenditures	- -	- -	-1	- -	- -	- -	- -	-1	- -	- -	-1	-1	- -	-1	-1