FORM 10-K/A GAMCO Investors, Inc. - Gabelli

GAMCO INVESTORS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(In thousands, except per share data)
ASSETS
December 31,
2005 (a) (b) 2006 (b)
Cash and cash equivalents, including restricted cash of $2,503 and $2,079 $ 173,161 $ 138,113
Investments in securities, including restricted securities of $52,219 and
$52,116 421,404 507,595
Investments in partnerships and affiliates 74,827 81,884
Receivable from brokers 9,827 53,682
Investment advisory fees receivable 22,098 31,094
Other receivables from affiliates 12,888 9,902
Capital lease 1,706 1,459
Goodwill 3,523 3,523
Other assets 8,704 9,979
Total assets $ 728,138 $ 837,231
LIABILITIES AND STOCKHOLDERS' EQUITY
Payable to brokers $ 3,937 $ 36,345
Income taxes payable 10,374 13,922
Capital lease obligation 2,992 2,781
Compensation payable 27,081 30,174
Securities sold, not yet purchased 3,183 8,244
Accrued expenses and other liabilities 17,579 41,053
Total operating liabilities 65,146 132,519
5.5% Senior notes (due May 15, 2013) 100,000 100,000
6% Convertible note (conversion price, $53.00 per share; note due August 14,
2011) (c) 50,000 49,504
5.22% Senior notes (due February 17, 2007) 82,308 82,308
Total liabilities 297,454 364,331
Minority interest 6,182 21,324
Stockholders' equity:
Class A Common Stock, $.001 par value; 100,000,000 shares
authorized; 9,648,339 and 12,055,872 shares issued, respectively;
6,414,517 and 7,487,018 shares outstanding, respectively 10 12
Class B Common Stock, $.001 par value; 100,000,000 shares
authorized; 24,000,000 shares issued and 23,128,500 and
20,754,217 shares outstanding, respectively 23 21
Additional paid-in capital 226,353 229,699
Retained earnings 329,463 397,893
Accumulated other comprehensive gain. 526 10,427
Treasury stock, class A, at cost (3,233,822 and 4,568,854 shares, respectively) (131,873) (186,476)
Total stockholders' equity 424,502 451,576
Total liabilities and stockholders' equity $ 728,138 $ 837,231
(a) Restated as described in note A in item 8 of this report on Form 10-K/A.
(b) Restated as described in the explanatory note of this report on Form 10-K/A.
(c) Convertible note was 5% with a conversion price of $52 per share at December 31, 2005.
See accompanying notes.
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