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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income before noncontrolling interests $ 124,637 $ 114,110
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 (104,679) (119,784)
Change in the fair value of premiums and origination fees 7,852 9,047
Amortization and depreciation 117,255 95,381
Provision (benefit) for credit losses (14,338) (15,646)
Gain from revaluation of previously held equity-method investment (39,641)  
Originations of loans held for sale (8,805,659) (7,293,128)
Proceeds from transfers of loans held for sale 9,637,859 8,024,903
Other operating activities, net (69,417) (55,541)
Net cash provided by (used in) operating activities 853,869 759,342
Cash flows from investing activities    
Capital expenditures (11,902) (3,800)
Purchase of equity-method investments (12,029) (3,248)
Purchase of pledged available-for-sale ("AFS") securities (46,395) (2,000)
Proceeds from prepayment and sale of pledged AFS securities 6,101 22,092
Investments in joint ventures (5,040) (38,805)
Distributions from joint ventures 11,359 22,113
Acquisitions, net of cash acquired (78,465) (10,507)
Originations of loans held for investment (49,057) (116,087)
Principal collected on loans held for investment upon payoff 71,500 205,653
Net cash provided by (used in) investing activities (113,928) 75,411
Cash flows from financing activities    
Borrowings (repayments) of warehouse notes payable, net (826,454) (744,281)
Borrowings of interim warehouse notes payable 36,459 84,766
Repayments of interim warehouse notes payable (26,000) (34,174)
Repayments of notes payable (21,244) (1,490)
Repayments of secured borrowings   (73,312)
Proceeds from issuance of common stock 263 13,137
Repurchase of common stock (39,380) (14,190)
Cash dividends paid (40,143) (32,122)
Payment of contingent consideration (17,612)  
Distributions to noncontrolling interests (1,675)  
Debt issuance costs (1,573) (1,333)
Net cash provided by (used in) financing activities (937,359) (802,999)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (NOTE 2) (197,418) 31,754
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 393,180 358,002
Total of cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 195,762 389,756
Supplemental Disclosure of Cash Flow Information:    
Cash paid to third parties for interest 28,023 16,708
Cash paid for income taxes $ 45,300 $ 26,723