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VARIABLE INTEREST ENTITIES RSO Cash Flow Detail (Details) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 990,000 $ 496,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Other-than-temporary impairment on investments   214,000
Equity in earnings (losses) of unconsolidated entities (631,000) (1,261,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Subtotal - principal payments and proceeds from sales received by consolidated VIE - RSO, before eliminations 136,561,000  
Decrease in restricted cash of consolidated VIE - RSO (12,849,000)  
Capital expenditures (42,000)  
Other investing activity of consolidated VIE (25,013,000)  
Payments on borrowings:    
Subtotal - net (repayments) borrowings of debt by consolidated VIE - RSO 16,209,000  
Dividends paid (980,000)  
Other consolidated VIE -RSO financing activity (56,000)  
(Decrease) increase in cash (2,643,000) 3,473,000
Cash, beginning of year 19,853,000 11,899,000
Cash, end of period 17,210,000 15,372,000
SUPPLEMENTAL DISCLOSURE:    
Interest expense paid in cash 409,000 441,000
Income taxes paid in cash 176,000 863,000
RSO [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income 17,460,000 12,628,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Provision for loan losses (3,960,000) 1,042,000
Depreciation of investments in real estate and other 392,000 666,000
Amortization of intangible assets 444,000 532,000
Amortization of term facilities 534,000 221,000
Accretion of net discounts on loans held for investment (574,000) (4,079,000)
Accretion of net discounts on securities available-for-sale (769,000) (731,000)
Amortization of Debt Discount (Premium) 422,000 0
Amortization of discount on notes of securitizations 12,000 876,000
Amortization of debt issuance costs on notes of securitizations 796,000 1,176,000
Amortization of stock-based compensation 1,667,000 3,591,000
Amortization of terminated derivative instruments 70,000 55,000
Accretion of interest-only available-for-sales securities (137,000) (247,000)
Deferred income tax benefits (89,000) (115,000)
Mortgage loans held for sale, net (877,000) 0
Purchase of securities, trading 0 (10,044,000)
Principal payments on securities, trading 42,000 21,000
Proceeds from sales of securities, trading 0 3,089,000
Net realized and unrealized loss (gain) on investment securities, trading 1,560,000 (1,116,000)
Net realized gains on sales of investment securities available-for-sale and loans (3,680,000) (391,000)
Loss on early extinguishment of debt 69,000 0
Other-than-temporary impairment on investments 0 12,000
Linked Transactions fair value adjustments (1,763,000) 592,000
Equity in earnings (losses) of unconsolidated entities (2,014,000) 425,000
Change in operating assets and liabilities, net of acquisitions 9,563,000 15,096,000
Subtotal - consolidated VIE - RSO operating activity 1,708,000 10,671,000
Change in consolidated VIE - RSO cash for the period 95,584,000 17,617,000
Change in cash attributable to operations of consolidated VIE - RSO 97,264,000 27,634,000
Non-cash incentive compensation to RAI 0 0
Net cash provided by operating activities (excluding eliminations) 19,168,000 23,298,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of loans (169,380,000) (146,699,000)
Purchase of securities available-for-sale (48,321,000) (63,292,000)
Principal payments received on loans 90,948,000 209,107,000
Proceeds from sale of loans 15,974,000 58,148,000
Principal payments on securities available-for-sale 17,325,000 7,944,000
Proceeds from sale of securities available-for-sale 12,314,000 0
Decrease in restricted cash of consolidated VIE - RSO (12,849,000) (19,241,000)
Proceeds from (investment in) unconsolidated entity 5,650,000 (4,431,000)
Acquisition of Moselle CLO S.A. (30,433,000) 0
Distributions from investments in real estate 0 253,000
Improvements in investments in real estate 0 (321,000)
Investment in loans - related parties (285,000) 0
Principal payments received on loans – related parties 753,000 464,000
Purchase of furniture and fixtures (38,000) 0
Capital expenditures (269,000) 0
Other investing activity of consolidated VIE (25,013,000) (4,035,000)
Net cash (used in) provided by investing activities (excluding eliminations) (118,611,000) 41,932,000
Proceeds from borrowings:    
Repurchase agreements 75,589,000 37,145,000
Warehouse agreements 34,007,000 0
Payments on borrowings:    
Collateralized debt obligations (59,668,000) (141,341,000)
Warehouse agreements 33,719,000 0
Subtotal - net (repayments) borrowings of debt by consolidated VIE - RSO 16,209,000 (104,196,000)
Dividends paid (24,964,000) (20,422,000)
Net proceeds from dividend reinvestment and stock purchase plan (net of offering costs of $0 and $19) 245,000 17,995,000
Subtotal - net proceeds from issuance of stock by consolidated VIE 15,660,000 44,862,000
Payment of debt issuance costs (8,000) (140,000)
Payment of equity to third party sub-note holders (307,000) (1,461,000)
Distributions paid on preferred stock (2,159,000) (934,000)
Other consolidated VIE -RSO financing activity (2,474,000) (2,535,000)
Net cash provided by (used in) financing activities (excluding eliminations) 3,859,000 (82,847,000)
(Decrease) increase in cash (95,584,000) (17,617,000)
Cash, beginning of year 262,270,000 85,278,000
Cash, end of period 166,686,000 67,661,000
SUPPLEMENTAL DISCLOSURE:    
Interest expense paid in cash 8,576,000 10,188,000
Income taxes paid in cash 1,774,000 7,635,000
RSO [Member] | Redeemable Preferred Stock Series A [Member]
   
Payments on borrowings:    
Proceeds from issuance of redeemable preferred shares, net of offering costs 4,440,000 0
RSO [Member] | Redeemable Preferred Stock Series B [Member]
   
Payments on borrowings:    
Proceeds from issuance of redeemable preferred shares, net of offering costs 10,975,000 26,867,000
Reportable Legal Entities [Member] | RSO [Member]
   
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in cash attributable to operations of consolidated VIE - RSO 97,292,000 28,288,000
Non-cash incentive compensation to RAI 0 (1,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of loans and investments (217,701,000) (209,991,000)
Subtotal - principal payments and proceeds from sales received by consolidated VIE - RSO, before eliminations 136,561,000 275,199,000
Other investing activity of consolidated VIE (24,622,000) (4,035,000)
Payments on borrowings:    
Dividends paid (25,536,000) (20,978,000)
Other consolidated VIE -RSO financing activity (2,474,000) (2,535,000)
Consolidation, Eliminations [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (15,422,000)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Other-than-temporary impairment on investments   0
Equity in earnings (losses) of unconsolidated entities 0 0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of loans and investments 0  
Subtotal - principal payments and proceeds from sales received by consolidated VIE - RSO, before eliminations 0  
Decrease in restricted cash of consolidated VIE - RSO 0  
Capital expenditures 0  
Other investing activity of consolidated VIE (391,000)  
Payments on borrowings:    
Subtotal - net (repayments) borrowings of debt by consolidated VIE - RSO 0  
Dividends paid 0  
Other consolidated VIE -RSO financing activity 0  
(Decrease) increase in cash 0  
Cash, beginning of year 0  
Cash, end of period 0  
Consolidation, Eliminations [Member] | RSO [Member]
   
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in cash attributable to operations of consolidated VIE - RSO (28,000) (654,000)
Non-cash incentive compensation to RAI 0 1,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Other investing activity of consolidated VIE (391,000) 0
Payments on borrowings:    
Dividends paid 572,000 556,000
Other consolidated VIE -RSO financing activity $ 0 $ 0