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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income (loss) $ (14,171) $ (31,849)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for loan losses 78,913 57,708
Depreciation and amortization 5,172 4,435
Amortization of debt issuance costs 1,874 2,969
Stock-based compensation 6,465 7,662
Amortization of net deferred origination costs 24,648 16,008
Changes in servicing rights, at fair value 1,093 3,074
Gain on sales of loans (1,744) (9,924)
Unfunded loan commitment reserve 267 (625)
Gain on extinguishment of debt (272) (562)
Changes in operating assets and liabilities:    
Other assets 374 18
Accounts payable 298 1,175
Interest payable 284 372
Accrued expenses and other liabilities (7,569) (229)
Originations of loans held for sale (41,421) (167,207)
Capitalized net deferred origination costs of loans held for sale (950) (5,769)
Proceeds from sale of loans held for sale 42,730 170,043
Principal repayments of loans held for sale 1,004 5,014
Net cash provided by operating activities 96,995 52,313
Cash flows from investing activities    
Change in restricted cash (9,734) (1,353)
Purchases of property, equipment and software (1,081) (5,494)
Capitalized internal-use software (1,824) (2,610)
Originations of term loans and lines of credit, excluding rollovers into new originations (857,841) (862,454)
Proceeds from sale of loans held for investment 10,008 41,375
Payments of net deferred origination costs (21,317) (21,033)
Principal repayments of term loans and lines of credit 804,875 547,305
Other 0 (201)
Purchase of loans (13,730) (6,672)
Net cash used in investing activities (90,644) (311,137)
Cash flows from financing activities    
Investments by noncontrolling interests 3,443 0
Purchase of treasury shares (644) (254)
Proceeds from exercise of stock options and warrants 347 104
Issuance of common stock under employee stock purchase plan 1,246 1,487
Payments of debt issuance costs (3,284) (3,740)
Distribution to noncontrolling interest (1,000) 0
Net cash provided by (used in) financing activities (8,748) 176,897
Effect of exchange rate changes on cash and cash equivalents 779 168
Net decrease in cash and cash equivalents (1,618) (81,759)
Cash and cash equivalents at beginning of period 79,554 159,822
Cash and cash equivalents at end of period 77,936 78,063
Supplemental disclosure of other cash flow information    
Cash paid for interest 21,300 9,447
Supplemental disclosures of non-cash investing and financing activities    
Stock-based compensation included in capitalized internal-use software 140 647
Unpaid principal balance of term loans rolled into new originations 138,115 129,688
Funding debt    
Cash flows from financing activities    
Proceeds from the issuance of funding debt 105,167 491,742
Repayments of funding debt principal (111,023) (312,442)
Corporate debt    
Cash flows from financing activities    
Proceeds from the issuance of funding debt 7,000 0
Repayments of funding debt principal $ (10,000) $ 0