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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 98,253 $ (23,706)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net gains on sales of bonds and loans (78,450) (366)
Net gains due to real estate consolidation and foreclosure (10,895) (5,399)
Net gains related to CFVs (32,964) (5,407)
Provisions for credit losses and impairment 16,962 8,502
Equity in losses from Lower Tier Property Partnerships of CFVs 20,323 25,917
Subordinate debt effective yield amortization and interest accruals 6,188 8,629
Net gains on early extinguishment of liabilities (36,179) 0
Depreciation and other amortization 15,742 7,274
Foreign currency loss 9,136 1,237
Stock-based compensation expense 2,137 294
Other (2,322) (1,312)
Net cash provided by operating activities 7,931 15,663
CASH FLOWS FROM INVESTING ACTIVITIES:    
Advances on and purchases of bonds 0 (6,189)
Principal payments and sales proceeds received on bonds 15,203 15,721
Advances on and originations of loans held for investment (278) (450)
Principal payments received on loans held for investment 563 2,400
Insurance recoveries on real estate 0 753
Investments in property partnerships and real estate (20,509) (46,033)
Proceeds from the sale of real estate and other investments 39,437 3,222
Proceeds received on redemption of investment in preferred stock 0 5,000
Net proceeds from the sale of a subsidiary company 19,151 0
Increase in restricted cash (24,784) (11,278)
Capital distributions received from investments in partnerships 12,728 8,816
Net cash provided by (used in) investing activities 41,511 (28,038)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity 116,461 35,482
Repayment of borrowings (136,639) (34,647)
Payment of debt issuance costs (1,202) (889)
Contributions from holders of noncontrolling interests 8,051 20,462
Purchase of treasury stock (516) 0
Distributions paid to perpetual preferred shareholders of a subsidiary company (4,636) (7,050)
Redemption of perpetual preferred shares (36,213) 0
Net cash (used in) provided by financing activities (54,694) 13,358
Net (decrease) increase in cash and cash equivalents (5,252) 983
Cash and cash equivalents at beginning of period 50,857 42,116
Cash and cash equivalents at end of period 45,605 43,099
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 26,868 31,235
Income taxes paid 254 146
Non-cash investing and financing activities:    
Unrealized (losses) gains included in other comprehensive income (123,505) 22,741
Debt and liabilities extinguished through sales and collections on bonds and loans 4,252 11,400
Increase in real estate assets due to initial consolidation of funds and ventures 43,943 47,058
Decrease in bond assets due to initial consolidation of funds and ventures 37,777 34,108
Increase Decrease In Liabilities Of Equity Method Investment 6,737 0
Increase in real estate assets and decrease in loan investments due to foreclosure 0 7,711
Increase in common equity due to purchase of noncontrolling interests 0 2,203
Decrease in noncontrolling interests due to sale of common equity 0 2,203
Subsidiaries [Member]
   
CASH FLOWS FROM INVESTING ACTIVITIES:    
Increase in restricted cash (14,672) 0
Net change in assets and liabilities due to the sale of a subsidiary company:    
Net decrease in interest receivable 4,612 0
Net decrease in interest payable (1,052) 0
Net decrease in bonds available-for-sale 678,983 0
Increase related to new borrowing activities 169,601 0
Net decrease in perpetual preferred shares and related distributions (122,669) 0
Decrease related to borrowings transferred to purchaser $ (695,652) $ 0