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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 75,157 $ 15,696
Adjustments to reconcile net income to net cash provided by operating activities    
Valuation allowance on loans held-for-sale   (1,200)
Gain on investments at fair value (7,604) (4,464)
Income from equity investments in unconsolidated subsidiaries (24,294)  
Gain on extinguishment of debt   (38)
Non-cash compensation expense 6,824 2,138
Distributions of income from unconsolidated subsidiaries 14,125  
Amortization of deferred interest on loans (12,763) (3,265)
Amortization of deferred financing costs and premiums/discount on debt obligations 6,842 1,381
Changes in assets and liabilities, net    
Accrued interest receivable, prepaid expenses, and other assets (8,184) 1,182
Accounts payable, accrued expenses, and other liabilities 7,357 3,015
Net cash provided by operating activities 57,460 14,445
Cash flows from investing activities    
Originations and fundings of loans receivable (2,297,545) (1,385,729)
Origination and exit fees received on loans receivable 28,015 9,036
Principal collections and proceeds from the sale of loans receivable and other assets 403,189 239,631
Distributions from equity investments   3,518
Increase in restricted cash (759) (62,150)
Net cash used in investing activities (1,867,100) (1,195,694)
Cash flows from financing activities    
Borrowings under revolving repurchase obligations 2,348,197 580,781
Repayments under revolving repurchase obligations (1,537,138) (261,678)
Borrowings under asset-specific repurchase agreements 163,088 310,827
Repayments under asset-specific repurchase agreements (181,858) (7,104)
Repayment of other liabilities (20,794) (64,943)
Proceeds from sales of loan participations 368,850  
Payment of deferred financing costs (12,780) (5,744)
Settlement of interest rate swaps   (6,123)
Contributions from non-controlling interests   15,000
Purchase of and distributions to non-controlling interests (13,323) (18,717)
Proceeds from issuance of class A common stock 763,407 633,810
Dividends paid on class A common stock (55,399)  
Net cash provided by financing activities 1,822,250 1,176,109
Net increase in cash and cash equivalents 12,610 (5,140)
Cash and cash equivalents at beginning of period 52,342 15,423
Effects of currency translation on cash and cash equivalents (1,609)  
Cash and cash equivalents at end of period 63,343 10,283
Supplemental disclosure of cash flows information    
Payments of interest (35,977) (4,801)
Payments of income taxes (1,398) (218)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid 28,892  
Participations sold 368,850  
Consolidation of subsidiaries   $ (38,913)