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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 152,418 $ 133,624
Adjustments to reconcile net income to net cash provided by operating activities    
Non-cash compensation expense 15,522 13,754
Amortization of deferred fees on loans and debt securities (28,511) (24,161)
Amortization of deferred financing costs and premiums/discount on debt obligations 15,232 13,631
Changes in assets and liabilities, net    
Other assets (1,285) (16,582)
Other liabilities 3,808 14,745
Net cash provided by operating activities 157,184 135,011
Cash flows from investing activities    
Origination and fundings of loans receivable (1,922,219) (4,200,035)
Principal collections and sales proceeds from loans receivable and debt securities 1,807,121 1,966,125
Origination and exit fees received on loans receivable 17,721 62,200
Receipts under derivative financial instruments 9,893 20,784
Payments under derivative financial instruments (2,941) (7,452)
Collateral deposited under derivative agreements (9,090) (17,750)
Return of collateral deposited under derivative agreements 9,090 21,870
Net cash used in investing activities (90,425) (2,154,258)
Cash flows from financing activities    
Borrowings under secured debt agreements 1,464,038 4,602,835
Repayments under secured debt agreements (2,172,557) (2,824,358)
Proceeds from sale of loan participations 21,346 72,384
Repayment of loan participations (115,874)  
Net proceeds from issuance of secured term loans 498,750  
Payment of deferred financing costs (23,323) (15,815)
Contributions from non-controlling interests 18,628 2,475
Distributions to non-controlling interests (728) (3,986)
Net proceeds from issuance of convertible notes   214,775
Repayment of convertible notes   (192)
Net proceeds from issuance of class A common stock 372,329 102,496
Dividends paid on class A common stock (154,443) (133,968)
Net cash (used in) provided by financing activities (91,834) 2,016,646
Net decrease in cash and cash equivalents (25,075) (2,601)
Cash and cash equivalents at beginning of period 105,662 102,518
Effects of currency translation on cash and cash equivalents (3) 7,140
Cash and cash equivalents at end of period 80,584 107,057
Supplemental disclosure of cash flows information    
Payments of interest (219,573) (138,451)
Payments of income taxes (99) (263)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid (83,259) (69,094)
Loan principal payments held by servicer, net $ 32,975 $ 1,330