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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Impairment of intangible assets $ 1,800  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash and cash equivalents 57,968 $ 59,290
CIFC LLC    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) 965 (12,323)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of debt issuance costs and other 125 1,017
Share-based compensation 5,550 2,692
Net (gain) loss on investments and contingent liabilities / other (gain) loss 6,391 458
Depreciation and amortization 7,777 11,421
Impairment of intangible assets 1,828 0
Deferred income tax expense (benefit) 11,050 3,932
Excess tax benefits from share-based payment arrangements 128 (171)
Net gain on sale of management contract 0 (229)
Net gain (loss) on liabilities (2,210) (2,932)
Changes in operating assets and liabilities:    
Due from brokers 0 12,832
Receivables (907) (20)
Prepaid and other assets 313 626
Due to brokers 61 (5,499)
Accrued and Other Liabilities (308) 1,578
Change in restricted cash and cash equivalents 0 7
Net cash provided by (used in) operating activities (450,368) (1,268,276)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of management contracts 0 229
Purchases of investments (66,531) (29,144)
Sales of investments 68,862 20,484
Purchases of equipment and improvements (1,059) (2,204)
Net cash provided by (used in) investing activities (39,862) (223,529)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common shares (1,151) 0
Distributions paid (10,130) (9,218)
Proceeds from extension of warrants 350 200
Proceeds from the exercise of options 74 580
Payments for tax from the delivery of restricted stock units (266) 0
Deferred purchase payments and payments on contingent liabilities (3,599) (8,724)
Excess tax benefits from share-based payment arrangements (128) (171)
Proceeds from issuance of long-term debt 40,000  
Debt Issuance Cost (2,133) 0
Net cash provided by (used in) financing activities 488,908 1,525,598
Net increase (decrease) in cash and cash equivalents (1,322) 33,793
Cash and cash equivalents 57,968 59,290
SUPPLEMENTAL DISCLOSURE:    
Cash paid for interest 2,820 3,266
Cash paid for income taxes 13,600 18,875
Exercise of stock options and RSUs 312 0
Conversion of Convertible Notes   22,255
CIFC LLC | Consolidated Entities    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net (gain) loss on investments 26,114 228,777
Net gain (loss) on liabilities 24,746 (8,996)
Net other (gain) loss (2,970) (2,031)
Changes in operating assets and liabilities:    
Due from brokers 8,998 124,120
Purchases of investments (1,006,904) (8,817,853)
Sales of investments 471,700 7,402,452
Receivables (1,337) (24,893)
Due to brokers 43,425 (219,117)
Accrued and Other Liabilities 87 1,145
Interest payable 2,292 13,807
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in restricted cash and cash equivalents (41,134) (212,894)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 635,923 4,640,981
Contributions from noncontrolling interests 16,100 93,487
Distributions to noncontrolling interests (15,307) (27,098)
Payments made on long-term debt (170,825) (3,164,781)
SUPPLEMENTAL DISCLOSURE:    
Cash paid for interest 10,426 158,111
Consolidation of net assets 13,091 160,074
Deconsolidation of net assets (22,585) (2,001)
Paid-in-Kind Interest 89 2,007
CIFC Corp    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) 1,015 (12,323)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of debt issuance costs and other 125 1,017
Share-based compensation 5,550 2,692
Net (gain) loss on investments and contingent liabilities / other (gain) loss 6,391 458
Depreciation and amortization 7,777 11,421
Impairment of intangible assets 1,828 0
Deferred income tax expense (benefit) 11,050 3,932
Excess tax benefits from share-based payment arrangements 128 (171)
Net gain on sale of management contract 0 (229)
Net gain (loss) on liabilities (2,210) (2,932)
Changes in operating assets and liabilities:    
Due from brokers   12,832
Receivables (907) (20)
Prepaid and other assets 313 626
Due to brokers 61 (5,499)
Accrued and Other Liabilities $ (358) 1,578
Change in restricted cash and cash equivalents (7)
Net cash provided by (used in) operating activities $ (450,368) (1,268,276)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of management contracts   229
Purchases of investments (66,531) (29,144)
Sales of investments 68,862 20,484
Purchases of equipment and improvements (1,059) (2,204)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common shares (1,151)  
Dividends, Paid-in-kind 110,000 0
Distributions paid (10,130) (9,218)
Proceeds from the exercise of options 74 580
Payments for tax from the delivery of restricted stock units (266) 0
Deferred purchase payments and payments on contingent liabilities (3,599) (8,724)
Excess tax benefits from share-based payment arrangements (128) (171)
Proceeds from issuance of long-term debt 40,000  
Debt Issuance Cost (2,133) 0
Net cash provided by (used in) financing activities 446,953 1,525,598
Net increase (decrease) in cash and cash equivalents (43,277) 33,793
Cash and cash equivalents 16,013 59,290
SUPPLEMENTAL DISCLOSURE:    
Cash paid for interest 2,820 3,266
Cash paid for income taxes 13,600 18,875
Exercise of stock options and RSUs 312 0
Conversion of Convertible Notes   22,255
CIFC Corp | Consolidated Entities    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net (gain) loss on investments 26,114 228,777
Net gain (loss) on liabilities 24,746 (8,996)
Net other (gain) loss (2,970) (2,031)
Changes in operating assets and liabilities:    
Due from brokers 8,998 124,120
Purchases of investments (1,006,904) (8,817,853)
Sales of investments 471,700 7,402,452
Receivables (1,337) (24,893)
Due to brokers 43,425 (219,117)
Accrued and Other Liabilities 87 1,145
Interest payable 2,292 13,807
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in restricted cash and cash equivalents (41,134) (212,894)
Net cash provided by (used in) investing activities (39,862) (223,529)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 635,923 4,640,981
Contributions from noncontrolling interests 16,100 93,487
Distributions to noncontrolling interests (15,307) (27,098)
Payments made on long-term debt (170,825) (3,164,781)
SUPPLEMENTAL DISCLOSURE:    
Cash paid for interest 10,426 158,111
Consolidation of net assets 1,475,648 160,074
Deconsolidation of net assets (1,385,444) 2,001
Paid-in-Kind Interest 0 2,007
Warrant | DFR Holdings LLC    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from extension of warrants   200
Warrant | DFR Holdings LLC | CIFC Corp    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from extension of warrants 350 200
Dividend in kind cash [Member] | CIFC Corp    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends, Paid-in-kind (41,955)  
Additional Paid-in Capital [Member] | CIFC LLC    
SUPPLEMENTAL DISCLOSURE:    
Conversion of Convertible Notes 0 22,251
Additional Paid-in Capital [Member] | CIFC Corp    
SUPPLEMENTAL DISCLOSURE:    
Conversion of Convertible Notes $ 0 $ 22,251