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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 35,957 $ (10,296)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net gains on sales of bonds and loans (1,970) (341)
Net gains due to real estate consolidation and foreclosure (8,484) (2,550)
Net gains related to CFVs (29,127) (10,015)
Provisions for credit losses and impairment 9,340 2,764
Equity in losses from Lower Tier Property Partnerships of CFVs 13,783 19,431
Subordinate debt effective yield amortization and interest accruals 4,566 5,669
Net gains on early extinguishment of liabilities (36,263) (485)
Depreciation and other amortization 12,654 4,847
Foreign currency loss 8,086 862
Stock-based compensation expense 1,783 209
Other 2,979 (2,846)
Net cash provided by operating activities 13,304 7,249
CASH FLOWS FROM INVESTING ACTIVITIES:    
Advances on and purchases of bonds 0 (6,189)
Principal payments and sales proceeds received on bonds 11,527 13,491
Advances on and originations of loans held for investment (216) (400)
Principal payments received on loans held for investment 251 2,288
Insurance recoveries on property, plant and equipment 0 753
Investments in property partnerships and property, plant and equipment (10,515) (21,531)
Proceeds from the sale of real estate and other investments 28,680 3,222
Increase in restricted cash and cash of CFVs (20,996) (22,527)
Capital distributions received from investments in partnerships 5,927 8,255
Net cash provided by (used in) investing activities 14,658 (22,638)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity 110,000 24,481
Repayment of borrowings (98,375) (26,709)
Payment of debt issuance costs (963) (829)
Contributions from holders of noncontrolling interests 3,590 20,462
Distributions paid to perpetual preferred shareholders of a subsidiary company (4,636) (4,766)
Redemption of perpetual preferred shares (36,213) 0
Other (218) 0
Net cash (used in) provided by in financing activities (26,815) 12,639
Net increase (decrease) in cash and cash equivalents 1,147 (2,750)
Cash and cash equivalents at beginning of period 50,857 42,116
Cash and cash equivalents at end of period 52,004 39,366
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 15,388 20,624
Income taxes paid 198 70
Non-cash investing and financing activities:    
Unrealized (losses) gains included in other comprehensive income (38,261) 10,565
Debt and liabilities extinguished through sales and collections on bonds and loans 4,252 10,500
Increase in real estate assets and decrease in loan investments due to foreclosure 43,943 12,465
Decrease in bond assets due to initial consolidation of funds and ventures 37,777 12,563
Increase (decrease) in non controlling interests due to consolidation of funds and ventures 6,737 (495)
Increase in real estate assets and decrease in loan investments due to foreclosure $ 0 $ 7,711