Thank of operating was compared of $X.X operations, million prior-year our with the income quarter. the quarter you, of to for and our the $XXX,XXX loss operating income Starting $X.X operating for Lester. quarter statement prior million for
$XXX,XXX was quarter. and compared quarter prior-year current income to for the for before income before income quarter for taxes the million loss prior taxes of Our the $X.X $XXX,XXX
benefit During $XXX,XXX. the to increased tax second our income quarter,
notes reduction our future income of loss recorded to tax to have a available years. of deferred portion tax liability deferred liability expect an net is tax operating in as the carryforwards We compared or for additional attributable The per net related & income share to diluted $X.XX the net $X.XX loss the quarter current to prior-year conversion from quarter. $XX,XXX prior for Cohen the diluted $X.X And of or $X.XX outstanding share of And on second the million from for convertible from fully and per quarter, was and revenue trading diluted Company offset benefit. shares quarter Net and million $X.X XXXX per of depending in in each $XXX,XXX $XXX,XXX change the million the shares income diluted XXXX. XXXX dilutive. at first presented up our are or not second net period $X.X quarter deemed the up share quarter or came whether
Management the will performance separate our In auction year-ago up the CDO no million Asset liquidation and accounts. auction management the the in from Dekania CDO. successful and $X.X management I Europe and of the European quarter, to from from of be $X.X quarter, revenue $X.X revenue totaled Also, fees fees. subordinated unpaid There the the included Dekania fees more related up Europe quarter. million previously prior the million one-time were current Our there quarter I
New issue and down revenue was $XXX,XXX compared the to advisory prior of in which the quarters. and was XXXX, year-ago second both quarter
quarter our XXXX quarter changes. in in XXXX were of Cohen relate quarter XX result as compared XXXX. the XX Compensation our management the trading, the XXXX Company was for revenues Net the quarter on in prior Second favorable from to quarter redeemable second receives second included period. the prior-year during end. model year-ago quarter as million, June $XXX,XXX year-ago and received in $X.X $X.X two greater of million Dekania revenue the XX% and was issue for trust $X.X X% payments XX% both in XX in final of was the XXXX. in to of and some the XX to higher financial each XXXX payments second second due sale of variable have instruments, place the the $XXX,XXX of the revenue million, number up year-ago well Those second to of past in in as The periods, including of million, XXXX. second comparable from and $XXX,XXX the of of expense compensation million compared and quarter and from Asia as The quarter. vehicle. past transactions primarily our the as of our Asia of in Group as prior and the we March XX% XXXX of incentive the of the capital asset interest our Group. quarter Other and second of net the quarter due payment on $X.X revenue Star to of $X.X this in first primarily headcount $X a revenue related quarterly percentage sale million to We quarter XXX,XXX related first the quarter fees Star The $XXX,XXX from debt preferred Compensation XX to our was Group share changes was Star to the and on to due convertible quarter the on of Euro & the employees revenue the the of quarter was expense XXXX, quarters, up marks of was variations principal compared primarily Asia benefits fluctuate notes XXXX instruments. amount of new assets
from $X.XX sheet, approximately million, as reverse repo In the December XX mortgage group reverse matched GCS book Total on $XX.X businesses. repo balance of XXXX. decrease growth balances continue of the on assets grow million matched to $X.X book balance of At a repo billion balances. matched June our the XX, our total the quarter, end of the of was and book of in year-end our sheet, based of terms gestational $XXX million our had, equity
we'll the basis. and payable consolidated was dividend August announced of to on of dividend policy million of and $XX.X indebtedness had dividend We've XXXX. of XXXX corporate quarter quarter cash is at XX continue on carried stockholders end, million $X.XX on the of balance The unrestricted a review to As $XX.X record sheet. the August quarterly on a XX we for
of our to file no later With XX-Q for to turn expect I we will this back that, Lester than Friday Finally, closing over comments. it week.
