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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (595) $ (14,771)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for loan losses 38,626 29,652
Depreciation and amortization 2,943 1,755
Amortization of debt issuance costs 1,332 1,482
Stock-based compensation 4,358 637
Warrant liability fair value adjustment 0 8,826
Amortization of net deferred origination costs 18,317 12,322
Gain on sales of loans (18,389) (2,927)
Provision for unfunded loan commitment 807 71
Common stock warrant issuance 0 64
Gain on extinguishment of debt (48) 0
Changes in operating assets and liabilities:    
Other assets (8,823) (941)
Accounts payable 2,946 512
Interest payable (156) (530)
Accrued expenses and other liabilities 7,352 1,437
Originations of loans held for sale (196,119) (53,677)
Payments of net deferred origination costs of loans held for sale (7,954) (3,317)
Proceeds from sale of loans held for sale 204,025 59,648
Repayments of term loans held for sale 1,664 591
Net cash provided by operating activities 50,286 40,834
Cash flows from investing activities    
Change in restricted cash 1,179 (165)
Purchases of property, equipment and software (3,896) (4,813)
Capitalized internal-use software (2,254) (1,248)
Originations of term loans and lines of credit, excluding rollovers into new originations (511,726) (359,793)
Proceeds from sale of loans held for investment 58,901 0
Payments of net deferred origination costs (17,332) (15,628)
Principal repayments of term loans and lines of credit 411,628 219,749
Net cash used in investing activities (63,500) (161,898)
Cash flows from financing activities    
Proceeds from exercise of stock options 187 355
Payments of initial public offering costs (1,845) 0
Purchase of shares for treasury (184) 0
Investment by noncontrolling interest 7,069 0
Proceeds from the issuance of redeemable convertible preferred stock 0 77,000
Proceeds from the issuance of funding debt 110,728 340,926
Payments of debt issuance costs (1,133) (3,993)
Net cash (used in) provided by financing activities (27,404) 135,377
Effect of exchange rate changes on cash and cash equivalents (123) 0
Net increase (decrease) in cash and cash equivalents (40,741) 14,313
Cash and cash equivalents at beginning of period 220,433 4,670
Cash and cash equivalents at end of period 179,692 18,983
Supplemental disclosure of other cash flow information    
Cash paid for interest 8,087 7,493
Supplemental disclosures of non-cash investing and financing activities    
Stock-based compensation included in capitalized internal-use software 360 73
Unpaid principal balance of term loans rolled into new originations 127,174 61,947
Accretion of dividends on redeemable convertible preferred stock 0 6,200
Funding Debt [Member]    
Cash flows from financing activities    
Repayment of funding debt principal (130,226) (266,911)
Corporate Debt [Member]    
Cash flows from financing activities    
Repayment of funding debt principal $ (12,000) $ (12,000)