XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities:    
Net income (loss) available to common stockholders $ 23,560 $ 1,100
Net income (loss) 29,006 1,342
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Net realized and unrealized gains (losses) 6,606 16,212
Gain (Loss) on Disposition of Stock in Subsidiary (46,184) 0
Net unrealized loss (gain) on interest rate swaps 0 (343)
Change in fair value of contingent consideration 0 554
Non cash compensation expense 1,233 1,798
Amortization/accretion of premiums and discounts 169 345
Depreciation and amortization expense 2,958 7,921
Provision for doubtful accounts 64 129
Amortization of deferred financing costs 329 665
Loss on extinguishment of debt 428 0
Deferred tax expense (benefit) 10,759 1,166
Mortgage loans originated for sale (360,542) (347,601)
Proceeds from the sale of mortgage loans originated for sale 390,747 405,637
(Increase) decrease in notes and accounts receivable (15,234) (10,253)
(Increase) decrease in reinsurance receivables (9,444) (15,540)
(Increase) decrease in deferred acquisition costs 4,016 4,896
(Increase) decrease in other assets (19,139) 4,027
Increase (decrease) in unearned premiums 17,639 3,146
Increase (decrease) in policy liabilities and unpaid claims 5,737 1,232
Increase (decrease) in deferred revenue 1,604 (1,213)
Increase (Decrease) in Reinsurance Payables 5,624 19,148
Increase (decrease) in other liabilities and accrued expenses (9,713) (10,347)
Operating activities from consolidated CLOs 0 (1,333)
Net cash provided by (used in) operating activities 3,451 49,164
Investing Activities:    
Purchases of investments (103,857) (43,024)
Proceeds from sales and maturities of investments 76,291 51,108
(Increase) decrease in loans owned, at amortized cost, net 0 19,393
Purchases of real estate capital expenditures (592) (500)
Proceeds from Sale of Real Estate Held-for-investment 4,200 2,028
Purchases of corporate fixed assets (614) (780)
Proceeds from Divestiture of Interest in Consolidated Subsidiaries 3,561 0
Proceeds from notes receivable 7,803 13,682
Issuance of notes receivable (7,778) (18,701)
Business and asset acquisitions, net of cash and deposits 0 (16,601)
Investing activities from consolidated CLOs 0 21,618
Net cash provided by (used in) investing activities (20,986) 28,223
Financing Activities:    
Non-controlling interest contributions 0 1,318
Non-controlling interest distributions (241) (527)
Payment of debt issuance costs (346) (88)
Proceeds from borrowings and mortgage notes payable 363,590 384,933
Principal paydowns of borrowings and mortgage notes payable (395,625) (434,435)
Repurchase of common stock (187) 0
Financing activities from CLOs 0 (21,410)
Net cash provided by financing activities (32,809) (70,209)
Net increase (decrease) in cash, cash equivalents and restricted cash (50,344) 7,178
Cash, cash equivalents and restricted cash – beginning of period 142,237 74,258
Cash, cash equivalents and restricted cash – end of period 102,426 94,660
Less: Reclassification of cash to assets held for sale 1,871 15,497
Cash, cash equivalents and restricted cash– end of period 100,555 79,163
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Assets of consolidated CLOs deconsolidated due to sale and redemption 0 405,263
Liabilities of consolidated CLOs deconsolidated due to sale and redemption 0 387,273
Equity securities acquired through the sale of a subsidiary and asset sales 134,083 0
Real estate acquired through asset acquisition 0 8,178
Intangible assets related to in-place leases acquired through asset acquisition 0 2,049
Debt assumed through acquisitions 0 7,586
Acquired real estate properties through, or in lieu of, foreclosure of the related loan 3,435 2,968
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 81,219  
Restricted cash 19,336  
Noncontrolling interest    
Operating Activities:    
Net income (loss) attributable to noncontrolling interests 5,446 242
Tiptree Financial Partners, L.P. | Noncontrolling interest    
Operating Activities:    
Net income (loss) attributable to noncontrolling interests 5,392 208
Net income (loss)   208
Noncontrolling interests - other | Noncontrolling interest    
Operating Activities:    
Net income (loss) attributable to noncontrolling interests $ 54 34
Net income (loss)   $ 34