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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Net income (loss) $ (197,699) $ (46,546)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized and unrealized (gain) loss on derivatives and foreign exchange 10,216 9,100
Unrealized (depreciation) appreciation on investments allocable to noncontrolling interests (15,535) (6,071)
Net realized and unrealized (gain) loss on investments 153,567 (13,828)
Depreciation and net amortization 18,273 5,707
Net realized and unrealized (gain) loss on debt 63,173 83,816
Changes in assets and liabilities:    
Interest receivable 1,217 10,695
Other assets (16,611) (29,189)
Related party payable (1,225) 2,134
Accounts payable, accrued expenses and other liabilities (13,274) 25,160
Accrued interest payable 3,181 7,896
Net cash provided by (used in) operating activities 5,283 48,874
Cash flows from investing activities    
Principal payments from corporate loans 223,558 233,002
Principal payments from securities 17,133 3,191
Proceeds from sales of corporate loans 374,229 550,568
Proceeds from sales of securities 13,024 38,262
Proceeds from equity and other investments 75,852 6,142
Purchases of corporate loans (363,541) (352,743)
Purchases of equity and other investments (14,615) (35,407)
Net change in proceeds, purchases and settlements of derivatives 11,058 (5,960)
Net change in restricted cash and cash equivalents 110,295 (58,529)
Net cash provided by (used in) investing activities 446,993 378,526
Cash flows from financing activities    
Retirement of collateralized loan obligation secured notes (361,550) (338,197)
Distributions on common shares (38,314) (55,163)
Distributions on preferred shares (6,891) (6,891)
Capital distributions to noncontrolling interests (6,005) 0
Capital contributions from noncontrolling interests 1,706 2,083
Other capitalized costs 0 (80)
Net cash provided by (used in) financing activities (411,054) (348,248)
Net increase (decrease) in cash and cash equivalents 41,222 79,152
Cash and cash equivalents at beginning of period 320,122 163,405
Cash and cash equivalents at end of period 361,344 242,557
Supplemental cash flow information    
Cash paid for interest 41,104 36,364
Net cash paid (refunded) for income taxes 11 12
Non-cash investing and financing activities    
Preferred share distributions declared, not yet paid 6,891 6,891
CLO Warehouse Facility    
Cash flows from financing activities    
Proceeds from credit facilities $ 0 $ 50,000