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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income before noncontrolling interests $ 114,311 $ 82,595 $ 51,422
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Gains attributable to the fair value of future servicing rights, net of guaranty obligation (192,825) (133,631) (96,515)
Change in the fair value of premiums and origination fees (NOTE 2) (10,796) 1,959 2,059
Amortization and depreciation 111,427 98,173 80,138
Stock compensation-equity and liability classified 18,477 14,084 9,994
Provision (benefit) for credit losses (612) 1,644 2,206
Deferred tax expense 37,595 16,919 10,260
Originations of loans held for sale (12,040,559) (12,111,553) (8,103,452)
Sales of loans to third parties 12,697,209 10,688,356 7,326,908
Amortization of deferred loan fees and costs (1,578) (1,775) (1,273)
Amortization of debt issuance costs and debt discount 5,581 3,756 4,174
Origination fees received from loans held for investment 2,104 1,429 2,145
Tax shortfall (benefit) from vesting of equity awards   (1,410) 38
Cash paid to settle risk-sharing obligations (1,613) (795) (2,138)
Changes in:      
Servicing fees and other receivables (5,744) (623) 1,943
Other assets (1,014) 2,974 (11,759)
Accounts payable and other liabilities 22,035 7,739 12,415
Performance deposits from borrowers 5,368 (8,556) 8,434
Net cash provided by (used in) operating activities 759,366 (1,338,715) (703,001)
Cash flows from investing activities      
Capital expenditures (2,478) (1,413) (2,525)
Purchase of equity-method investments   (5,000)  
Funding of preferred equity investments (24,835)    
Net cash paid to increase ownership interest in a previously held equity method investment (1,058)    
Acquisitions, net of cash received (6,350) (12,767) (23,417)
Purchase of mortgage servicing rights (43,097)    
Originations of loans held for investment (414,763) (180,375) (339,802)
Principal collected on loans held for investment 425,820 172,323 250,104
Net cash provided by (used in) investing activities (66,761) (27,232) (115,640)
Cash flows from financing activities      
Borrowings (repayments) of warehouse notes payable, net (649,845) 1,423,911 774,935
Borrowings of interim warehouse notes payable 325,828 137,397 248,024
Repayments of interim warehouse notes payable (355,738) (125,542) (179,941)
Repayments of note payable (1,104) (4,819) (1,750)
Repayments of secured borrowings     (22,050)
Proceeds from issuance of common stock 3,765 7,553 7,756
Repurchase of common stock (12,893) (50,261) (37,593)
Debt issuance costs (3,630) (4,145) (1,416)
Distributions to noncontrolling interests (5)    
Tax benefit from vesting of equity awards   1,410 (38)
Net cash provided by (used in) financing activities (693,622) 1,385,504 787,927
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (NOTE 2) (1,017) 19,557 (30,714)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 214,484 194,927 225,641
Total of cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 213,467 214,484 194,927
Supplemental Disclosure of Cash Flow Information:      
Cash paid to third parties for interest 39,311 32,854 23,950
Cash paid for income taxes $ 34,432 $ 34,832 $ 18,481