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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 211,917 $ 159,829
Adjustments to reconcile net income to net cash provided by operating activities    
Non-cash compensation expense 20,488 17,809
Amortization of deferred fees on loans and debt securities (35,955) (28,887)
Amortization of deferred financing costs and premiums/ discount on debt obligations 20,993 16,356
Changes in assets and liabilities, net    
Other assets (9,709) (219)
Other liabilities 15,001 11,651
Net cash provided by operating activities 222,735 176,539
Cash flows from investing activities    
Origination and fundings of loans receivable (5,222,803) (2,314,721)
Principal collections and sales proceeds from loans receivable 2,503,454 1,976,271
Loan contributed to securitization 512,002  
Investment in debt securities held-to-maturity (95,937)  
Origination and exit fees received on loans receivable 74,111 38,434
Receipts under derivative financial instruments 34,975 6,115
Payments under derivative financial instruments (14,031) (18,115)
Return of collateral deposited under derivative agreements 28,870 8,980
Collateral deposited under derivative agreements (32,110) (16,651)
Net cash used in investing activities (2,211,469) (319,687)
Cash flows from financing activities    
Borrowings under secured debt agreements 5,749,678 2,776,058
Repayments under secured debt agreements (4,147,893) (2,481,250)
Proceeds from sale of loan participations 86,339 33,193
Repayment of loan participations (85,875) (381,310)
Payment of deferred financing costs (18,995) (13,591)
Contributions from non-controlling interests 4,500 6,090
Distributions to non-controlling interests (4,100)  
Net proceeds from issuance of convertible notes 214,775 394,074
Repayment of convertible notes (192)  
Net proceeds from issuance of class A common stock 369,787 31
Dividends paid on class A common stock (203,065) (176,195)
Net cash provided by financing activities 1,964,959 157,100
Net decrease in cash, cash equivalents, and restricted cash (23,775) 13,952
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 8,244 4,566
Cash, cash equivalents, and restricted cash at end of period 86,987 94,085
Supplemental disclosure of cash flows information    
Payments of interest (224,320) (141,124)
Payments of income taxes (546) (220)
Supplemental disclosure of non-cash investing and financing activities    
Dividends declared, not paid (74,195) (58,793)
Loan principal payments held by servicer, net $ 3,577 513
Consolidation of loans receivable of a VIE   500,000
Consolidation of securitized debt obligations of a VIE   $ (474,620)