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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 102,018 $ 126,649
Adjustments to reconcile net income to net cash provided by operating activities    
Non-cash compensation expense 11,866 10,315
Amortization of deferred fees on loans (16,796) (20,360)
Amortization of deferred financing costs and premiums/discount on debt obligations 9,488 9,752
Income from equity investment in unconsolidated subsidiary   (133)
Distributions of income from unconsolidated subsidiary   6,837
Gain on investments at fair value   (10,589)
Changes in assets and liabilities, net    
Other assets (1,255) 4,248
Other liabilities 5,492 (3,424)
Net cash provided by operating activities 110,813 123,295
Cash flows from investing activities    
Origination and fundings of loans receivable (1,464,994) (1,401,871)
Principal collections and sales proceeds from loans receivable and other assets 1,097,022 1,323,770
Origination and exit fees received on loans receivable 25,228 21,613
Receipts under derivative financial instruments 6,115  
Payments under derivative financial instruments (9,398)  
Net cash used in investing activities (346,027) (56,488)
Cash flows from financing activities    
Borrowings under secured debt agreements 1,744,766 1,508,171
Repayments under secured debt agreements (1,673,886) (1,328,131)
Proceeds from sale of loan participations   54,441
Repayment of loan participations   (92,000)
Payment of deferred financing costs (9,800) (9,316)
Receipts under derivative financial instruments   11,478
Payments under derivative financial instruments   (13,240)
Distributions to non-controlling interests   (6,987)
Net proceeds from issuance of convertible notes 280,473  
Net proceeds from issuance of class A common stock 16 13
Dividends paid on class A common stock (117,402) (116,323)
Net cash provided by financing activities 224,167 8,106
Net (decrease) increase in cash, cash equivalents, and restricted cash (11,047) 74,913
Cash, cash equivalents, and restricted cash at beginning of period 75,567 106,006
Effects of currency translation on cash, cash equivalents, and restricted cash 3,279 1,353
Cash, cash equivalents, and restricted cash at end of period 67,799 182,272
Supplemental disclosure of cash flows information    
Payments of interest (88,519) (84,408)
Payments of income taxes (141) (204)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid (58,793) (58,382)
Participations sold, net   (37,559)
Loan principal payments held by servicer, net 5,082 $ 35,947
Consolidation of loans receivable of a VIE 500,000  
Consolidation of securitized debt obligations of a VIE $ (474,620)