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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) earnings $ (45,445) $ 2,317 $ (138,970) $ 13,384  
Loss on sale of mortgage servicing rights   8   90  
Change in fair value of mortgage servicing rights 5,445 11,177 (4,127) 20,038  
Loss on extinguishment of debt       1,265  
Gain on sale of mortgage loans     (71,854) (106,070)  
Change in fair value of mortgage loans held-for-sale     12,182 (8,262)  
Change in fair value of derivatives lending, net     425 (2,167)  
Provision (recovery) for repurchases     5,435 192  
Origination of mortgage loans held-for-sale     (3,207,525) (5,457,907)  
Sale and principal reduction on mortgage loans held-for-sale     3,468,824 5,345,665  
Losses (gains) from REO 649 (2,734) 46 (8,484)  
Change in fair value of net trust assets, excluding REO     3,190 1,906  
Change in fair value of long-term debt 785 (104) (697) 2,657  
Accretion of interest income and expense     27,126 69,075  
Amortization of intangible and other assets     3,284 3,576  
Accretion of contingent consideration   396   1,948  
Change in fair value of contingent consideration   (4,798)   (11,052)  
Amortization of debt issuance costs and discount on note payable     62 145  
Stock-based compensation     810 1,972  
Impairment of deferred charge       591  
Aggregate impairment charges 29,925   104,587    
Impairment of intangible assets 4,897   18,347    
Excess tax benefit from share based compensation       12  
Change in deferred tax assets, net     4,315    
Net change in other assets     (5,558) (12,733)  
Net change in other liabilities     (3,352) 1,016  
Net cash provided by (used in) operating activities     216,550 (143,143)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Net change in securitized mortgage collateral     406,456 507,552  
Proceeds from the sale of mortgage servicing rights       805  
Purchase of mortgage servicing rights       (5,618)  
Finance receivable advances to customers     (401,357) (714,221)  
Repayments of finance receivables     442,403 716,246  
Net change in mortgages held-for-investment       2  
Purchase of premises and equipment     (670) (463)  
Purchase of investment securities available-for-sale     (500)    
Proceeds from the sale of REO     15,992 24,159  
Net cash provided by investing activities     462,324 528,462  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net proceeds from issuance of common stock       55,454  
Repayment of MSR financing     (50,133) (25,000)  
Borrowings under MSR financing     77,000 50,133  
Repayment of warehouse borrowings     (3,296,280) (5,063,915)  
Borrowings under warehouse agreements     3,036,069 5,234,925  
Repayment of term financing       (30,000)  
Payment of acquisition related contingent consideration     (554) (16,152)  
Repayment of securitized mortgage borrowings     (450,555) (595,291)  
Principal payments on capital lease     (154) (249)  
Debt issuance costs       (100)  
Tax payments on stock based compensation awards     (143) (341)  
Issuance of deferred stock units     1    
Proceeds from exercise of stock options     433 570  
Net cash used in financing activities     (684,316) (389,966)  
Net change in cash, cash equivalents and restricted cash     (5,442) (4,647)  
Cash, cash equivalents and restricted cash at beginning of period     39,099 46,067 $ 46,067
Cash, cash equivalents and restricted cash at end of period $ 33,657 $ 41,420 33,657 41,420 $ 39,099
NON-CASH TRANSACTIONS:          
Transfer of securitized mortgage collateral to real estate owned     17,089 15,367  
Mortgage servicing rights retained from loan sales and issuance of mortgage backed securities     22,473 42,728  
Common stock issued upon issuance of deferred stock units     $ 606    
Common stock issued upon long-term debt exchange       $ 7,033