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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 211,885 $ 100,494 $ 25,424
Adjustments to reconcile net income to net cash provided by operating activities      
Gain on investments at fair value (21,967) (13,258) (7,417)
Income from equity investments in unconsolidated subsidiaries (11,798) (28,036)  
Non-cash compensation expense 20,717 9,716 6,204
Distributions of income from unconsolidated subsidiaries 5,007 17,867 8,795
Amortization of deferred fees and other items on loans (36,053) (19,785) (6,290)
Amortization of deferred financing costs and other items on debt obligations 20,708 9,900 4,935
Loss on deconsolidation of subsidiary   8,615  
Valuation allowance on loans held-for-sale     (1,259)
Changes in assets and liabilities, net      
Other assets (22,385) (13,166) 116
Accounts payable, accrued expenses, and other liabilities 5,280 8,290 (1,839)
Net cash provided by operating activities 171,394 80,637 28,669
Cash flows from investing activities      
Origination and fundings of loans receivable (7,204,487) (3,067,263) (2,327,913)
Principal collections and proceeds from the sale of loans receivable and other assets 2,347,966 620,413 508,718
Origination and exit fees received on loans receivable 33,501 35,449 25,402
Change in restricted cash 2,035 (1,495) 4,151
Distributions from equity investments     7,151
Net cash used in investing activities (4,820,985) (2,412,896) (1,782,491)
Cash flows from financing activities      
Borrowings under secured debt agreements 6,885,393 3,196,939 1,667,623
Repayments under secured debt agreements (3,030,091) (1,926,644) (578,484)
Proceeds from sale of loan participations 256,000 494,306 90,000
Repayment of loan participations (238,164) (61,836)  
Proceeds from issuance of convertible notes     168,415
Repayment and purchase of secured notes     (11,059)
Payment of deferred financing costs (21,230) (16,160) (8,867)
Receipts (payments) under derivative financial instruments 17,076   (6,123)
Net proceeds from issuance of class A common stock 1,029,540 766,138 633,807
Dividends paid on class A common stock (166,978) (84,238) (7,776)
Contributions from non-controlling interests     15,000
Distributions to non-controlling interests (37,428) (13,775) (72,853)
Repayment of other liabilities   (20,794) (98,965)
Net cash provided by financing activities 4,694,118 2,333,936 1,790,718
Net increase in cash and cash equivalents 44,527 1,677 36,896
Cash and cash equivalents at beginning of year 51,810 52,342 15,423
Effects of currency translation on cash and cash equivalents 113 (2,209) 23
Cash and cash equivalents at end of year 96,450 51,810 52,342
Supplemental disclosure of cash flows information      
Payments of interest (127,429) (55,174) (12,702)
(Payments) receipts of income taxes (125) (1,473) 8
Supplemental disclosure of non-cash investing and financing activities      
Dividends declared, not paid (58,095) (30,357) (13,302)
Participations sold, net 17,836 432,470 90,000
Deconsolidation (consolidation) of subsidiaries   $ 8,615 (38,913)
Loan principal payments held by servicer $ 118,074   $ 7,798