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Cowen Inc. (COWN) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Cowen Inc.

CIK: 1466538 Ticker: COWN


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COWEN ANNOUNCES SECOND QUARTER 2019 FINANCIAL RESULTS

Reports GAAP EPS of $0.13 and Economic Operating EPS of $0.65

Record Quarterly Revenues and Sixth Consecutive Quarter of Profitability Driven by Strength in Investment Banking and Brokerage


NEW YORK - July 26, 2019 - Cowen Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced its operating results for the second quarter ended June 30, 2019.

GAAP

Second quarter 2019 revenue was $292.2 million compared to $234.6 million in the second quarter of 2018.
Second quarter 2019 net income was $4.1 million, or $0.13 per diluted common share, compared to $3.7 million, or $0.12 per diluted common share in the second quarter of 2018.


Economic Income (Non-GAAP)

Second quarter 2019 revenue increased 4% to $244.4 million from $234.3 million in the prior-year period.
Second quarter 2019 economic income was $15.5 million, or $0.49 per diluted common share, compared to $20.0 million, or $0.65 per diluted common share, in the prior-year period.
Second quarter 2019 economic operating income was $20.4 million, or $0.65 per diluted common share, compared to $23.0 million, or $0.75 per diluted common share, in the prior-year period.



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The following information was filed by Cowen Inc. (COWN) on Friday, July 26, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Cowen Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Cowen Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Financial Condition
Consolidated Statements Of Financial Condition (Parenthetical)
Consolidated Statements Of Operations
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Acquisition
Acquisition (Amortization Expense) (Details)
Acquisition (Intangible Assets) (Details)
Acquisition (Narrative) (Details)
Acquisition (Preliminary Purchase Price Allocation) (Details)
Acquisition (Pro Forma) (Details)
Acquisition (Tables)
Cash Collateral Pledged
Cash Collateral Pledged (Details)
Commission Management Payable
Commission Management Payable (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Schedules Of Unfunded Commitments (Details)
Commitments And Contingencies Service Payments (Details)
Convertible Debt And Notes Payable
Convertible Debt And Notes Payable (Details)
Convertible Debt And Notes Payable (Tables)
Deposits With Clearing Organizations, Brokers And Banks
Deposits With Clearing Organizations, Brokers And Banks (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements For Operating Entities And Consolidated Funds
Fair Value Measurements For Operating Entities And Consolidated Funds (Tables)
Fair Value Measurements For Operating Entities And Consolidated Funds Assets And Liabilities At Fair Value On A Recurring Basis (Details)
Fair Value Measurements For Operating Entities And Consolidated Funds Carrying Value Disclosures (Details)
Fair Value Measurements For Operating Entities And Consolidated Funds Fair Value Inputs, Unobservable Inputs, Quantitative Information (Details)
Fair Value Measurements For Operating Entities And Consolidated Funds Unobservable Input Roll Forward (Details)
Goodwill And Intangibles
Goodwill And Intangibles (Tables)
Goodwill And Intangibles Qtlry (Details)
Goodwill And Intangibles Schedule Of Goodwill By Segment (Details) (Annual)
Guarantees And Off-Balance Sheet Arrangements
Guarantees And Off-Balance Sheet Arrangements (Details)
Guarantees And Off-Balance Sheet Arrangements Details (Tables)
Income Taxes
Income Taxes - Quarterly (Details)
Investments Of Operating Entities And Consolidated Funds
Investments Of Operating Entities And Consolidated Funds - (Tables)
Investments Of Operating Entities And Consolidated Funds - Derivatives (Details)
Investments Of Operating Entities And Consolidated Funds - Equity Method Investments - (Details)
Investments Of Operating Entities And Consolidated Funds - Indirect Concentration Of The Underlying Investments Held By Consolidated Funds (Details)
Investments Of Operating Entities And Consolidated Funds - Merger Master Derivatives (Details)
Investments Of Operating Entities And Consolidated Funds - Merger Master Narrative (Details)
Investments Of Operating Entities And Consolidated Funds - Other Investments (Details)
Investments Of Operating Entities And Consolidated Funds - Portfolio Funds - (Details)
Investments Of Operating Entities And Consolidated Funds - Securities Borrowed And Securities Loaned (Details)
Investments Of Operating Entities And Consolidated Funds - Securities Loaned Transactions By Remaining Contractual Maturity And Class Of Collateral Pledged (Details)
Investments Of Operating Entities And Consolidated Funds - Securities Owned At Fair Value (Details)
Investments Of Operating Entities And Consolidated Funds - Securities Sold, Not Yet Purchased (Details)
Investments Of Operating Entities And Consolidated Funds - Variable Interest Entities (Details)
Organization And Business
Organization And Business (Details)
Receivable From And Payable To Customers
Receivable From And Payable To Customers (Details)
Receivables From And Payables To Brokers, Dealers And Clearing Organizations
Receivables From And Payables To Brokers, Dealers And Clearing Organizations (Details)
Receivables From And Payables To Brokers, Dealers And Clearing Organizations Receivables From Brokers, Dealers, And Clearing Organization (Tables)
Redeemable Non-Controlling Interests In Consolidated Subsidiaries And Funds
Redeemable Non-Controlling Interests In Consolidated Subsidiaries And Funds (Details)
Redeemable Non-Controlling Interests In Consolidated Subsidiaries And Funds (Tables)
Regulatory Requirements
Regulatory Requirements (Details)
Regulatory Requirements Regulatory (Tables)
Reinsurance
Reinsurance (Details)
Related Party Transactions
Related Party Transactions (Details)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Segregated Cash
Segregated Cash (Details)
Share-Based Compensation And Employee Ownership Plans
Share-Based Compensation And Employee Ownership Plans (Tables)
Share-Based Compensation And Employee Ownership Plans Narrative (Details)
Share-Based Compensation And Employee Ownership Plans Restricted Shares And Restricted Stock Units (Details)
Significant Accounting Policies
Significant Accounting Policies (Tables)
Significant Accounting Policies - Quarterly (Policies)
Significant Accounting Policies All Other - Quarterly (Details)
Stockholder's Equity
Stockholder's Equity (Tables)
Stockholder's Equity - Quarterly (Details)
Subsequent Events

Material Contracts, Statements, Certifications & more

Cowen Inc. provided additional information to their SEC Filing as exhibits

Ticker: COWN
CIK: 1466538
Form Type: 10-Q Quarterly Report
Accession Number: 0001466538-19-000087
Submitted to the SEC: Thu Aug 01 2019 3:42:23 AM EST
Accepted by the SEC: Thu Aug 01 2019
Period: Sunday, June 30, 2019
Industry: Security Brokers Dealers And Flotation Companies

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