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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended
Mar. 31, 2017
USD ($)
Mar. 31, 2016
USD ($)
Cash flows from operating activities    
Net income (loss) $ 139,515 $ (197,699)
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 (5,711) 10,216
Net (gain) loss on extinguishment of debt (2,415) 0
Unrealized (depreciation) appreciation on investments allocable to noncontrolling interests (1,975) (15,535)
Net realized and unrealized (gain) loss on investments (114,931) 153,567
Depreciation and net amortization 3,285 18,273
Net realized and unrealized (gain) loss on debt (15,216) 63,173
Net realized and unrealized (gain) loss on debt to affiliates 2,613 0
Changes in assets and liabilities:    
Interest receivable 699 1,217
Other assets (2,267) (16,611)
Related party payable (75) (1,225)
Accounts payable, accrued expenses and other liabilities (1,328) (13,274)
Accrued interest payable 4,178 3,181
Net cash provided by (used in) operating activities 6,372 5,283
Cash flows from investing activities    
Principal payments from corporate loans 331,946 223,558
Principal payments from securities 27,554 17,133
Proceeds from sales of corporate loans 105,266 374,229
Proceeds from sales of securities 20,463 13,024
Proceeds from equity and other investments 23,969 75,852
Purchases of corporate loans (949,510) (363,541)
Purchases of securities (2,842) 0
Purchases of equity and other investments (18,443) (14,615)
Net change in proceeds, purchases and settlements of derivatives 3,057 11,058
Net change in restricted cash and cash equivalents 11,345 110,295
Net cash provided by (used in) investing activities (447,195) 446,993
Cash flows from financing activities    
Issuance of collateralized loan obligation secured notes 605,162 0
Retirement of collateralized loan obligation secured notes (80,378) (361,550)
Proceeds from collateralized loan obligation warehouse facility 283,000 0
Repayment of collateralized loan obligation warehouse facility (303,000) 0
Issuance of senior notes 372,356 0
Repayment of junior subordinated notes (13,168) 0
Distributions on common shares (53,432) (38,314)
Distributions on preferred shares (6,891) (6,891)
Distributions to Parent (16,652) 0
Capital distributions to noncontrolling interests (3,066) (6,005)
Capital contributions from noncontrolling interests 2,245 1,706
Other capitalized costs (3,750) 0
Net cash provided by (used in) financing activities 782,426 (411,054)
Net increase (decrease) in cash and cash equivalents 341,603 41,222
Cash and cash equivalents at beginning of period 627,237 320,122
Cash and cash equivalents at end of period 968,840 361,344
Supplemental cash flow information    
Cash paid for interest 35,396 41,104
Net cash paid (refunded) for income taxes 65 11
Non-cash investing and financing activities    
Assets contributed from Parent 17,621 0
Preferred share distributions declared, not yet paid $ 6,891 $ 6,891