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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 78,512 $ 51,555
Adjustments to reconcile net income to net cash provided by operating activities    
Unrealized gain on investments at fair value (22,190) (5,824)
Income from equity investments in unconsolidated subsidiaries (5,659) (24,294)
Non-cash compensation expense 11,184 4,769
Distributions of income from unconsolidated subsidiaries 5,007 14,125
Amortization of deferred interest on loans (12,198) (7,702)
Amortization of deferred financing costs and premiums/discount on debt obligations 7,955 4,103
Changes in assets and liabilities, net    
Accrued interest receivable, prepaid expenses, and other assets (56,703) (5,236)
Accounts payable, accrued expenses, and other liabilities 443 2,513
Net cash provided by operating activities 6,351 34,009
Cash flows from investing activities    
Originations and fundings of loans receivable (6,430,243) (1,740,977)
Origination and exit fees received on loans receivable 16,373 21,751
Principal collections and proceeds from the sale of loans receivable and other assets 686,037 271,884
Decrease (increase) in restricted cash 4,566 (1,296)
Net cash used in investing activities (5,723,267) (1,448,638)
Cash flows from financing activities    
Borrowings under secured debt agreements 6,241,975 1,835,136
Repayments under secured debt agreements (1,520,790) (1,167,507)
Repayment of other liabilities   (20,794)
Proceeds from sales of loan participations 256,000 368,850
Repayment of loan participations (124,164)  
Payment of deferred financing costs (17,712) (10,510)
Payments under derivative financial instruments 1,062  
Purchase of and distributions to non-controlling interests (36,985) (1,148)
Proceeds from issuance of class A common stock 1,029,557 510,845
Dividends paid on class A common stock (60,695) (32,129)
Net cash provided by financing activities 5,768,248 1,482,743
Net increase in cash and cash equivalents 51,332 68,114
Cash and cash equivalents at beginning of period 51,810 52,342
Effects of currency translation on cash and cash equivalents 1,110  
Cash and cash equivalents at end of period 104,252 120,456
Supplemental disclosure of cash flows information    
Payments of interest (43,558) (21,522)
Payments of income taxes (126) (1,159)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid (48,480) (23,322)
Participations sold, net $ 131,836 $ 368,850