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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 57,199 $ 46,093
Adjustments to reconcile net income to net cash provided by operating activities    
Gain on investments at fair value (66) (17,476)
Income from equity investments in unconsolidated subsidiaries (138) (3,950)
Non-cash compensation expense 4,852 6,104
Distributions of income from unconsolidated subsidiaries 6,837  
Amortization of deferred interest on loans (8,954) (5,717)
Amortization of deferred financing costs and premiums/discount on debt obligations 4,053 3,519
Changes in assets and liabilities, net    
Other assets 4,254 2,021
Accounts payable, accrued expenses, and other liabilities (2,256) 1,819
Net cash provided by operating activities 65,781 32,413
Cash flows from investing activities    
Originations and fundings of loans receivable (586,066) (903,152)
Principal collections and proceeds from loans receivable and other assets 420,513 348,153
Origination and exit fees received on loans receivable 10,424 6,078
Decrease (increase) in restricted cash 9,122 (15,299)
Net cash used in investing activities (146,007) (564,220)
Cash flows from financing activities    
Borrowings under secured debt agreements 629,897 688,142
Repayments under secured debt agreements (466,536) (387,555)
Proceeds from sales of loan participations   256,000
Repayment of loan participations (9,600) (28,164)
Payment of deferred financing costs (5,260) (3,053)
Receipts under derivative financial instruments 8,218 4,141
Distributions to non-controlling interests (6,879) (452)
Net proceeds from issuance of class A common stock 6 3
Dividends paid on class A common stock (58,097) (30,300)
Net cash provided by financing activities 91,749 498,762
Net increase (decrease) in cash and cash equivalents 11,523 (33,045)
Cash and cash equivalents at beginning of period 96,450 51,810
Effects of currency translation on cash and cash equivalents 2,649 (291)
Cash and cash equivalents at end of period 110,622 18,474
Supplemental disclosure of cash flows information    
Payments of interest (38,121) (18,996)
Payments of income taxes (151) (129)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid (58,226) (30,398)
Principal payments held by servicer $ 75,378 $ 108