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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income before noncontrolling interests $ 47,605 $ 44,060
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 (68,000) (40,938)
Change in the fair value of premiums and origination fees (22,414) 2,955
Amortization and depreciation 39,762 37,903
Provision for credit losses 23,643 2,675
Originations of loans held for sale (3,168,168) (3,773,443)
Sales of loans to third parties 2,846,631 3,622,404
Other operating activities, net 8,315 (30,978)
Net cash provided by (used in) operating activities (292,626) (135,362)
Cash flows from investing activities    
Capital expenditures (778) (1,461)
Purchase of equity-method investments (563)  
Purchase of pledged available-for-sale ("AFS") securities (5,000) (4,078)
Proceeds from prepayment of pledged debt AFS securities 3,711  
Distributions from (investments in) joint ventures, net (6,455) (1,679)
Acquisitions, net of cash acquired (43,784) (7,180)
Originations of loans held for investment   (33,362)
Principal collected on loans held for investment upon payoff 88,779 60,145
Net cash provided by (used in) investing activities 35,910 12,385
Cash flows from financing activities    
Borrowings (repayments) of warehouse notes payable, net 419,763 151,814
Borrowings of interim warehouse notes payable 29,898 21,976
Repayments of interim warehouse notes payable (49,850)  
Repayments of note payable (744) (750)
Proceeds from issuance of common stock 6,369 4,187
Repurchase of common stock (26,737) (24,159)
Cash dividends paid (11,347) (9,319)
Payment of contingent consideration (1,641) (6,450)
Debt issuance costs (964) (824)
Net cash provided by (used in) financing activities 364,747 136,475
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents (NOTE 2) 108,031 13,498
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 136,566 120,348
Total of cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 244,597 133,846
Supplemental Disclosure of Cash Flow Information:    
Cash paid to third parties for interest 11,207 17,785
Cash paid for income taxes $ 121 $ 372