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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 307,393 $ 285,813 $ 217,968
Adjustments to reconcile net income to net cash provided by operating activities      
Non-cash compensation expense 30,656 28,154 24,031
Amortization of deferred fees on loans and debt securities (57,926) (47,093) (38,373)
Amortization of deferred financing costs and premiums/discount on debt obligations 32,016 28,097 21,988
Changes in assets and liabilities, net      
Other assets (7,355) (23,352) (4,632)
Other liabilities (747) 18,383 6,479
Net cash provided by operating activities 304,037 290,002 227,461
Cash flows from investing activities      
Origination and fundings of loans receivable (6,890,249) (7,890,051) (3,598,166)
Principal collections and sales proceeds from loans receivable and debt securities 4,940,194 3,084,747 2,780,431
Loan contributed to securitization   512,002  
Investment in debt securities held-to-maturity   (95,937)  
Origination and exit fees received on loans receivable 66,558 104,408 55,441
Receipts under derivative financial instruments 49,673 47,527 6,453
Payments under derivative financial instruments (6,524) (18,475) (20,870)
Collateral deposited under derivative agreements (59,720) (38,990) (20,161)
Return of collateral deposited under derivative agreements 28,920 43,110 16,120
Net cash used in investing activities (1,871,148) (4,251,659) (780,752)
Cash flows from financing activities      
Borrowings under secured debt agreements 6,569,460 9,183,852 4,306,301
Repayments under secured debt agreements (5,526,989) (5,413,070) (4,778,194)
Proceeds from issuance of collateralized loan obligations     817,500
Repayment of collateralized loan obligations (102,478)    
Proceeds from sale of loan participations 21,346 99,696 80,706
Repayment of loan participations (115,874) (85,875) (381,310)
Net proceeds from issuance of secured term loan 748,414    
Repayments of secured term loan (3,122)    
Payment of deferred financing costs (39,370) (25,006) (27,465)
Contributions from non-controlling interests 51,418 9,315 12,165
Distributions to non-controlling interests (41,629) (5,907) (6,162)
Net proceeds from issuance of convertible notes   214,775 394,632
Repayment of convertible notes   (219,232)  
Net proceeds from issuance of class A common stock 372,337 476,420 391,558
Dividends paid on class A common stock (320,961) (277,260) (234,989)
Net cash provided by financing activities 1,612,552 3,957,708 574,742
Net increase (decrease) in cash, cash equivalents, and restricted cash 45,441 (3,949) 21,451
Cash, cash equivalents, and restricted cash at beginning of year 105,662 102,518 75,567
Effects of currency translation on cash, cash equivalents, and restricted cash (1,013) 7,093 5,500
Cash, cash equivalents, and restricted cash at end of year 150,090 105,662 102,518
Supplemental disclosure of cash flows information      
Payments of interest (425,801) (318,919) (206,966)
Receipts (payments) of income taxes 109 (554) (296)
Supplemental disclosure of non-cash investing and financing activities      
Dividends declared, not paid (83,702) (76,530) (66,888)
Loan principal payments held by servicer, net $ 49,584 $ 4,855 15,763
Consolidation of loans receivable of a VIE     500,000
Consolidation of securitized debt obligations of a VIE     $ (474,620)