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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 23,849$ 29,526
Adjustments to reconcile net income to net cash provided by (used in) operating activities:  
Gain attributable to fair value of future servicing rights, net of guaranty obligation(37,328)(29,846)
Prepayment of mortgage servicing rights235733
Provision for risk-sharing obligations3,4474,397
Amortization and depreciation16,25811,661
Originations of loans held for sale(2,007,164)(1,746,683)
Sales of loans to third parties2,213,0381,724,298
Stock compensation1,724 
Cash paid to settle risk-sharing obligations(680)(2,148)
Changes in:  
Restricted cash and pledged securities(3,999)2,341
Servicing fees and other receivables(7,595)2,046
Derivative fair value adjustments3192,514
Intangible and other assets(1,061)(1,377)
Accounts payable and other accruals8,9561,357
Performance deposits from borrowers3,588(587)
Net cash provided by (used in) operating activities213,587(1,768)
Cash flows from investing activities:  
Capital expenditures(1,686)(453)
Net cash used in investing activities(1,686)(453)
Cash flows from financing activities:  
Borrowings from (repayments of) warehouse notes payable, net(158,300)22,496
Repayments of notes payable, net(2,853)(3,993)
Dividends (6,628)
Cash distributed to Column Guaranteed, LLC (158)
Proceeds from issuance of common stock2,053 
Other, net 172
Net cash (used in) provided by financing activities(159,100)11,889
Net increase in cash and cash equivalents52,8019,668
Cash and cash equivalents at beginning of period33,28510,390
Cash and cash equivalents at end of period86,08620,058
Supplemental Disclosure of Cash Flow Information:  
Cash paid to third parties for interest2,8694,323
Cash paid for taxes$ 10,956