XML 12 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (3,058) $ 2,882
Adjustments to reconcile net income to net cash provided by operating activities:    
Net equity in income from investments in partnerships (4,148) (3,976)
Net gains on bonds 0 (3,571)
Net losses on derivatives 1,736 1,923
Net losses on loans and extinguishment of liabilities 9 11
Current and deferred federal income tax benefit (expense) (1,183) 50
Distributions received from investments in partnerships 6,564 1,615
Depreciation and amortization 122 (96)
Foreign currency losses 1,140 44
Stock-based compensation expense 96 82
Other, net 2,136 387
Net cash provided by (used in) operating activities 3,414 (649)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment (includes $53,600 and zero from a related party) 53,600 8,640
Advances on and originations of loans held for investment (702) 0
Investments in partnerships and real estate (88,939) (56,447)
Capital distributions received from investments in partnerships 27,224 50,216
Net cash (used in) provided by investing activities (8,817) 2,409
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity 79,500 0
Repayment of borrowings (56,236) (1,197)
Debt issuance costs (452) 0
Repurchase of common shares (41) 0
Net cash provided by (used in) financing activities 22,771 (1,197)
Net decrease in cash, cash equivalents and restricted cash 17,368 563
Cash, cash equivalents and restricted cash at beginning of period 12,805 33,878
Cash, cash equivalents and restricted cash at end of period 30,173 34,441
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 2,118 1,593
Income taxes paid   0
Non-cash investing and financing activities:    
Unrealized losses included in other comprehensive income (453) (3,140)
Debt and liabilities extinguished through sales and collections on bonds and loans   7,624
Decrease in investments in debt securities and common shareholders' equity due to change in accounting principle   266
Hunt Companies [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment (includes $53,600 and zero from a related party) $ 53,600 $ 0