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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities:    
Net income $ 12,424us-gaap_NetIncomeLoss $ 41,913us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash used in operating activities:    
Net unrealized gain on mortgage loans (61,134)us-gaap_UnrealizedGainLossOnInvestments (65,130)us-gaap_UnrealizedGainLossOnInvestments
Net realized gain on mortgage loans (15,382)us-gaap_RealizedInvestmentGainsLosses (9,321)us-gaap_RealizedInvestmentGainsLosses
Net realized gain on sale of re-performing mortgage loans (151)us-gaap_GainLossOnSalesOfLoansNet 0us-gaap_GainLossOnSalesOfLoansNet
Net realized gain on sale of real estate (10,608)us-gaap_GainsLossesOnSalesOfOtherRealEstate (55)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Real estate depreciation and amortization 998us-gaap_DepreciationAndAmortization 48us-gaap_DepreciationAndAmortization
Real estate selling costs and impairment 14,691aamc_ImpairmentOfRealEstateAndSellingCosts 355aamc_ImpairmentOfRealEstateAndSellingCosts
Accretion of interest on re-performing mortgage loans (232)us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion 0us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
Share-based compensation 57us-gaap_ShareBasedCompensation 56us-gaap_ShareBasedCompensation
Amortization of deferred financing costs 532us-gaap_AmortizationOfFinancingCostsAndDiscounts 608us-gaap_AmortizationOfFinancingCostsAndDiscounts
Changes in operating assets and liabilities:    
Accounts receivable 996us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 747us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Related party receivables (4,535)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties 63us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties
Prepaid expenses and other assets (299)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (145)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 1,024us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 633us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Related party payables 19,150us-gaap_IncreaseDecreaseInDueToRelatedParties 6,661us-gaap_IncreaseDecreaseInDueToRelatedParties
Net cash used in operating activities (42,469)us-gaap_NetCashProvidedByUsedInOperatingActivities (23,567)us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities:    
Investment in mortgage loans 0us-gaap_PaymentsToAcquireLoansReceivable (611,357)us-gaap_PaymentsToAcquireLoansReceivable
Investment in renovations (5,534)us-gaap_PaymentsForCapitalImprovements (447)us-gaap_PaymentsForCapitalImprovements
Real estate tax advances (6,556)aamc_RealEstateTaxAdvances (6,259)aamc_RealEstateTaxAdvances
Mortgage loan dispositions 56,337us-gaap_ProceedsFromSaleOfLoansHeldForInvestment 32,775us-gaap_ProceedsFromSaleOfLoansHeldForInvestment
Mortgage loan payments 5,816us-gaap_PaymentsForProceedsFromLoansAndLeases 3,129us-gaap_PaymentsForProceedsFromLoansAndLeases
Disposition of real estate 32,139us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans 734us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
Change in restricted cash (1,484)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (1,456)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Net cash provided by (used in) investing activities 80,718us-gaap_NetCashProvidedByUsedInInvestingActivities (582,881)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities:    
Issuance of common stock, including stock option exercises 74us-gaap_ProceedsFromIssuanceOfCommonStock 487,041us-gaap_ProceedsFromIssuanceOfCommonStock
Payment of tax withholdings on exercise of stock options (47)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (3,535)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Cost of issuance of common stock 0us-gaap_PaymentsOfStockIssuanceCosts (15,071)us-gaap_PaymentsOfStockIssuanceCosts
Dividends on common stock (4,576)us-gaap_PaymentsOfDividendsCommonStock (27,398)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of other secured debt 50,690us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt
Repayments of secured notes (9,256)us-gaap_RepaymentsOfSecuredDebt 0us-gaap_RepaymentsOfSecuredDebt
Proceeds from repurchase agreement 33,877us-gaap_ProceedsFromIssuanceOfDebt 127,664us-gaap_ProceedsFromIssuanceOfDebt
Repayments of repurchase agreement (119,590)us-gaap_RepaymentsOfDebt (30,096)us-gaap_RepaymentsOfDebt
Payment of deferred financing costs (2,341)us-gaap_PaymentsOfFinancingCosts (123)us-gaap_PaymentsOfFinancingCosts
Net cash (used in) provided by financing activities (51,169)us-gaap_NetCashProvidedByUsedInFinancingActivities 538,482us-gaap_NetCashProvidedByUsedInFinancingActivities
Net decrease in cash and cash equivalents (12,920)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (67,966)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents as of beginning of the period 66,166us-gaap_CashAndCashEquivalentsAtCarryingValue  
Cash and cash equivalents as of end of the period 53,246us-gaap_CashAndCashEquivalentsAtCarryingValue 48,022us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,429us-gaap_InterestPaid 4,736us-gaap_InterestPaid
Transfer of mortgage loans to real estate owned 136,182us-gaap_TransferToOtherRealEstate 96,528us-gaap_TransferToOtherRealEstate
Transfer of real estate owned to mortgage loans 1,356aamc_RealEstateTransferredtoMortgageLoans 0aamc_RealEstateTransferredtoMortgageLoans
Change in accrued capital expenditures (1,430)aamc_ChangeInAccruedCapitalExpenditures 0aamc_ChangeInAccruedCapitalExpenditures
Change in accrued capital expenditures 0aamc_ChangeInAccruedLiabilitiesFromEquityIssuanceCosts 183aamc_ChangeInAccruedLiabilitiesFromEquityIssuanceCosts
Changes in receivables from mortgage loan dispositions, payments and real estate tax advances to borrowers, net 2,848aamc_ChangeInRelatedPartyReceivablesFromDispositionAndRepaymentOfMortgageLoans 1,247aamc_ChangeInRelatedPartyReceivablesFromDispositionAndRepaymentOfMortgageLoans
Change in receivables from real estate owned dispositions 630aamc_ChangeinRelatedPartyReceivablesfromDispositionofRealEstateOwned 0aamc_ChangeinRelatedPartyReceivablesfromDispositionofRealEstateOwned
Change in payables from dividends $ 31,462aamc_IncreaseDecreaseinDividendsPayable $ 0aamc_IncreaseDecreaseinDividendsPayable