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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2014
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Cash flows from financing activities        
Distributions on common shares     $ (80,800) $ (179,100)
Cash and cash equivalents at beginning of period     320,122  
Cash and cash equivalents at end of period     627,237 320,122
Successor Company        
Cash flows from operating activities        
Net income (loss)   $ (219,229) 21,381 (334,675)
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   18,507 (7,597) (2,158)
Net (gain) loss on extinguishment of debt   0 (29,846) 0
Unrealized (depreciation) appreciation on investments allocable to noncontrolling interests   5,956 (11,779) (23,429)
Write-off of debt issuance costs   0 0 0
Lower of cost or estimated fair value adjustment on corporate loans held for sale   0 0 0
Impairment charges   0 0 0
Share-based compensation   0 0 0
Net realized and unrealized (gain) loss on investments   343,416 35,169 451,138
Depreciation and net amortization   21,391 36,023 28,242
Net realized and unrealized (gain) loss on debt   (16,478) (68,259) 19,659
Net realized and unrealized (gain) loss on debt to affiliates   0 6,330 0
Changes in assets and liabilities:        
Interest receivable   (11,485) 8,636 26,607
Other assets   (21,117) (14,875) (33,780)
Related party payable   5,724 1,918 (1,512)
Accounts payable, accrued expenses and other liabilities   (20,561) (3,162) 30,949
Accrued interest payable   1,769 (346) 1,217
Net cash provided by (used in) operating activities   107,893 (26,407) 162,258
Cash flows from investing activities        
Principal payments from corporate loans   634,536 1,455,688 1,401,760
Principal payments from securities   60,056 34,285 14,044
Proceeds from sales of corporate loans   575,099 2,134,178 1,509,737
Proceeds from sales of securities   38,342 116,259 173,075
Proceeds from equity and other investments   89,697 173,496 74,609
Purchases of corporate loans   (1,245,460) (2,495,709) (1,873,963)
Purchases of securities   (95,881) (5,068) (19,387)
Purchases of equity and other investments   (158,618) (81,707) (102,365)
Net change in proceeds, purchases and settlements of derivatives   (7,295) 8,002 22,176
Net change in restricted cash and cash equivalents   202,355 (111,715) (39,867)
Net cash provided by (used in) investing activities   92,831 1,227,709 1,159,819
Cash flows from financing activities        
Issuance of collateralized loan obligation secured notes   885,983 1,391,610 965,823
Retirement of collateralized loan obligation secured notes   (1,045,041) (2,142,035) (1,672,467)
Repayment of senior notes   0 (258,750) 0
Distributions on common shares   (121,088) (80,811) (179,081)
Distributions on preferred shares [1]   (13,782) (27,564) (27,564)
Distributions to Parent   (203,568) (64,151) (251,748)
Contributions from Parent   235,759 267,038 0
Capital contributions from Parent   605 0 0
Capital distributions to noncontrolling interests   0 (7,609) (2,728)
Capital contributions from noncontrolling interests   1,110 8,085 8,867
Other capitalized costs   (7,810) 0 (6,462)
Net cash provided by (used in) financing activities   (247,732) (894,187) (1,165,360)
Net increase (decrease) in cash and cash equivalents   (47,008) 307,115 156,717
Cash and cash equivalents at beginning of period   210,413 320,122 163,405
Cash and cash equivalents at end of period $ 210,413 163,405 627,237 320,122
Supplemental cash flow information        
Cash paid for interest   114,939 239,028 167,215
Net cash paid (refunded) for income taxes   93 36 (4,532)
Non-cash investing and financing activities        
Assets distributed to Parent   (292,425) (268,007) 0
Assets contributed from Parent   239,085 64,151 251,748
Redemption on subordinated notes   0 (42,259) 0
Assets contributed from noncontrolling interests   105,015 0 0
Natural resources assets transferred out   (114,546) 0 0
Interest in Trinity transferred in   114,546 0 0
Preferred share distributions declared, not yet paid   6,891 6,891 6,891
Loans transferred from held for investment to held for sale   0 0 0
Successor Company | CLO warehouse facility        
Cash flows from financing activities        
Proceeds from credit facilities   0 82,479 274,296
Repayment of credit facilities   0 (62,479) (274,296)
Successor Company | Other Credit Facilities        
Cash flows from financing activities        
Proceeds from credit facilities   115,100 0 0
Repayment of credit facilities   (95,000) $ 0 $ 0
Predecessor Company        
Cash flows from operating activities        
Net income (loss) 105,980      
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 9,783      
Net (gain) loss on extinguishment of debt 0      
Unrealized (depreciation) appreciation on investments allocable to noncontrolling interests 0      
Write-off of debt issuance costs 1,472      
Lower of cost or estimated fair value adjustment on corporate loans held for sale (5,038)      
Impairment charges 4,391      
Share-based compensation 1,018      
Net realized and unrealized (gain) loss on investments (60,906)      
Depreciation and net amortization 15,832      
Net realized and unrealized (gain) loss on debt 0      
Net realized and unrealized (gain) loss on debt to affiliates 0      
Changes in assets and liabilities:        
Interest receivable (6,753)      
Other assets (19,668)      
Related party payable (1,815)      
Accounts payable, accrued expenses and other liabilities 27,211      
Accrued interest payable (1,470)      
Net cash provided by (used in) operating activities 70,037      
Cash flows from investing activities        
Principal payments from corporate loans 906,166      
Principal payments from securities 21,223      
Proceeds from sales of corporate loans 36,595      
Proceeds from sales of securities 44,373      
Proceeds from equity and other investments 48,911      
Purchases of corporate loans (886,230)      
Purchases of securities (78,106)      
Purchases of equity and other investments (104,301)      
Net change in proceeds, purchases and settlements of derivatives (7,265)      
Net change in restricted cash and cash equivalents (299,579)      
Net cash provided by (used in) investing activities (318,213)      
Cash flows from financing activities        
Issuance of collateralized loan obligation secured notes 648,197      
Retirement of collateralized loan obligation secured notes (221,914)      
Repayment of senior notes 0      
Distributions on common shares (45,061)      
Distributions on preferred shares [1] (13,782)      
Distributions to Parent 0      
Contributions from Parent 0      
Capital contributions from Parent 0      
Capital distributions to noncontrolling interests 0      
Capital contributions from noncontrolling interests 0      
Other capitalized costs (3,918)      
Net cash provided by (used in) financing activities 301,422      
Net increase (decrease) in cash and cash equivalents 53,246      
Cash and cash equivalents at beginning of period 157,167 $ 210,413    
Cash and cash equivalents at end of period 210,413      
Supplemental cash flow information        
Cash paid for interest 53,576      
Net cash paid (refunded) for income taxes 157      
Non-cash investing and financing activities        
Assets distributed to Parent 0      
Assets contributed from Parent 0      
Redemption on subordinated notes 0      
Assets contributed from noncontrolling interests 0      
Natural resources assets transferred out 0      
Interest in Trinity transferred in 0      
Preferred share distributions declared, not yet paid 0      
Loans transferred from held for investment to held for sale 348,808      
Predecessor Company | CLO warehouse facility        
Cash flows from financing activities        
Proceeds from credit facilities 0      
Repayment of credit facilities 0      
Predecessor Company | Other Credit Facilities        
Cash flows from financing activities        
Proceeds from credit facilities 13,300      
Repayment of credit facilities $ (75,400)      
[1] For the four months ended April 30, 2014, $6.9 million of distributions on preferred shares was previously presented as "preferred share distribution payable" within operating activities of the consolidated statements of cash flows.