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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 133,624 $ 102,018
Adjustments to reconcile net income to net cash provided by operating activities    
Non-cash compensation expense 13,754 11,866
Amortization of deferred fees on loans (24,161) (16,796)
Amortization of deferred financing costs and premiums/discount on debt obligations 13,631 9,488
Changes in assets and liabilities, net    
Other assets (16,582) (1,255)
Other liabilities 14,745 5,492
Net cash provided by operating activities 135,011 110,813
Cash flows from investing activities    
Origination and fundings of loans receivable (4,200,035) (1,464,994)
Principal collections and sales proceeds from loans receivable 1,966,125 1,097,022
Origination and exit fees received on loans receivable 62,200 25,228
Receipts under derivative financial instruments 20,784 6,115
Payments under derivative financial instruments (7,452) (9,398)
Return of collateral deposited under derivative agreements 21,870  
Collateral deposited under derivative agreements (17,750)  
Net cash used in investing activities (2,154,258) (346,027)
Cash flows from financing activities    
Borrowings under secured debt agreements 4,602,835 1,744,766
Repayments under secured debt agreements (2,824,358) (1,673,886)
Proceeds from sale of loan participations 72,384  
Payment of deferred financing costs (15,815) (9,800)
Contributions from non-controlling interests 2,475  
Distributions to non-controlling interests (3,986)  
Net proceeds from issuance of convertible notes 214,775 280,473
Repayment of convertible notes (192)  
Net proceeds from issuance of class A common stock 102,496 16
Dividends paid on class A common stock (133,968) (117,402)
Net cash provided by financing activities 2,016,646 224,167
Net decrease in cash, cash equivalents, and restricted cash (2,601) (11,047)
Cash, cash equivalents, and restricted cash at beginning of period 102,518 75,567
Effects of currency translation on cash, cash equivalents, and restricted cash 7,140 3,279
Cash, cash equivalents, and restricted cash at end of period 107,057 67,799
Supplemental disclosure of cash flows information    
Payments of interest (138,451) (88,519)
Payments of income taxes (263) (141)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid (69,094) (58,793)
Loan principal payments held by servicer, net $ 1,330 5,082
Consolidation of loans receivable of a VIE   500,000
Consolidation of securitized debt obligations of a VIE   $ (474,620)