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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income before noncontrolling interests $ 160,942 $ 211,834 $ 114,311
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 (172,401) (193,886) (192,825)
Change in the fair value of premiums and origination fees (5,037) 5,781 (10,796)
Amortization and depreciation 142,134 131,246 111,427
Stock compensation-equity and liability classified 23,959 21,134 18,477
Provision (benefit) for credit losses 808 (243) (612)
Deferred tax expense (benefit) 17,483 (30,961) 37,595
Originations of loans held for sale (15,153,003) (17,018,424) (12,040,559)
Sales of loans to third parties 15,050,932 17,937,915 12,697,209
Amortization of deferred loan fees and costs (1,742) (2,298) (1,578)
Amortization of debt issuance costs and debt discount 7,509 4,886 5,581
Origination fees received from loans held for investment 3,968 1,109 2,104
Cash paid to settle risk-sharing obligations     (1,613)
Changes in:      
Servicing fees and other receivables (4,532) (12,234) (5,744)
Other assets (6,861) (7,064) (916)
Accounts payable and other liabilities (13,957) 22,866 22,035
Performance deposits from borrowers 13,874 (4,019) 5,368
Net cash provided by (used in) operating activities 64,076 1,067,642 759,464
Cash flows from investing activities      
Capital expenditures (4,722) (5,207) (2,478)
Proceeds from the sale of equity-method investments 4,993    
Purchase of pledged available-for-sale securities (98,442) (6,966)  
Funding of preferred equity investments (41,100) (16,884) (24,835)
Repayments of preferred equity investments 82,819    
Capital invested in the Interim Program JV, net (4,137) (6,342)  
Net cash paid to increase ownership interest in a previously held equity method investment     (1,058)
Acquisitions, net of cash received (53,249) (15,000) (6,350)
Purchase of mortgage servicing rights (1,814) (7,781) (43,097)
Originations of loans held for investment (597,889) (183,916) (414,763)
Principal collected on loans held for investment upon payoff 161,303 219,516 425,820
Sales of loans held for investment   119,750  
Net cash provided by (used in) investing activities (552,238) 97,170 (66,761)
Cash flows from financing activities      
Borrowings (repayments) of warehouse notes payable, net 139,298 (955,040) (649,845)
Borrowings of interim warehouse notes payable 145,043 140,341 325,828
Repayments of interim warehouse notes payable (61,050) (237,912) (355,738)
Repayments of note payable (166,223) (1,104) (1,104)
Borrowings of note payable 298,500    
Secured borrowings 70,052    
Proceeds from issuance of common stock 8,949 3,013 3,765
Repurchase of common stock (68,832) (34,899) (12,893)
Cash dividends paid (31,445)    
Payment of contingent consideration (5,150)    
Debt issuance costs (7,312) (3,890) (3,630)
Distributions to noncontrolling interest holders     (5)
Net cash provided by (used in) financing activities 321,830 (1,089,491) (693,622)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (NOTE 2) (166,332) 75,321 (919)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 286,680 211,359 212,278
Total of cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 120,348 286,680 211,359
Supplemental Disclosure of Cash Flow Information:      
Cash paid to third parties for interest 56,430 56,267 39,311
Cash paid for income taxes $ 45,728 $ 45,524 $ 34,432