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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 61,116 $ 51,405
Adjustments to reconcile net income to net cash provided by operating activities    
Non-cash compensation expense 6,976 5,907
Amortization of deferred fees on loans (11,229) (8,808)
Amortization of deferred financing costs and premiums/discount on debt obligations 6,331 4,535
Changes in assets and liabilities, net    
Other assets (354) 1,699
Other liabilities 9,739 2,636
Net cash provided by operating activities 72,579 57,374
Cash flows from investing activities    
Origination and fundings of loans receivable (1,978,213) (702,353)
Principal collections and sales proceeds from loans receivable 1,001,682 567,321
Origination and exit fees received on loans receivable 18,881 12,429
Payments under derivative financial instruments (7,397) (3,752)
Receipts under derivative financial instruments 22 1,903
Collateral deposited under derivative agreements (13,210)  
Return of collateral deposited under derivative agreements 10,740  
Net cash used in investing activities (967,495) (124,452)
Cash flows from financing activities    
Borrowings under secured debt agreements 1,949,135 789,865
Repayments under secured debt agreements (1,265,100) (672,161)
Proceeds from sale of loan participations 37,483  
Payment of deferred financing costs (10,217) (3,895)
Contributions from non-controlling interests 375  
Distributions to non-controlling interests (1,575)  
Net proceeds from issuance of convertible notes 214,463  
Net proceeds from issuance of class A common stock   8
Dividends paid on class A common stock (66,888) (58,615)
Net cash provided by financing activities 857,676 55,202
Net decrease in cash, cash equivalents, and restricted cash (37,240) (11,876)
Cash, cash equivalents, and restricted cash at beginning of year 102,518 75,567
Effects of currency translation on cash, cash equivalents, and restricted cash 9,200 584
Cash, cash equivalents, and restricted cash at end of year 74,478 64,275
Supplemental disclosure of cash flows information    
Payments of interest (55,582) (39,287)
Payments of income taxes (135) (50)
Supplemental disclosure of non-cash investing and financing    
Dividends declared, not paid (67,080) (58,787)
Loan principal payments held by servicer, net $ 4,684 $ 42,715