Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income (loss) $ 5,688 $ (6,993)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of intangibles 123 216
Equity-based compensation 1,970 6,179
Amortization of deferred financing fees 937  
Gain on sales of investments (1,870)  
Noncash gain on sales and payment in kind income (668) (10)
Amortization of servicing assets 205 255
Change in securitization residual assets 340 125
Change in financing receivables held-for-sale and investments available-for-sale 16,801  
Change in accounts payable, dividends payable and accrued expenses 2,313 (2,926)
Other (839) (664)
Net cash provided by (used in) operating activities 25,038 (3,818)
Cash flows from investing activities    
Acquisition of American Wind Capital Co. LLC, net of cash acquired (106,744)  
Purchases of financing receivables (107,227) (89,790)
Principal collections from financing receivables 16,157 11,947
Proceeds from sales of financing receivables 22,428  
Purchases of investments   (37,021)
Principal collections from investments 1,522  
Proceeds from sales of investments 36,232  
Purchase of property and equipment 20  
Proceeds from affiliate   278
Change in restricted cash 40,308 (29,168)
Net cash used in investing activities (97,304) (143,754)
Cash flows from financing activities    
Net proceeds from common stock issuances 70,380 160,342
Proceeds from nonrecourse debt   29,122
Principal payments on nonrecourse debt (14,890) (30,938)
Proceeds from credit facility 108,000  
Principal payments on credit facility (18,953) (4,169)
Principal payments on asset-backed nonrecourse notes (2,688)  
Payments on deferred funding obligations (50,557)  
Payment of deferred financing costs (1,569)  
Redemption of OP units (1,621)  
Repurchase of common stock (205)  
Payment of dividends (8,634)  
Distributions to non-controlling interest holders (152)  
Net cash provided by financing activities 79,111 154,357
Increase in cash and cash equivalents 6,845 6,785
Cash and cash equivalents at beginning of period 31,846 8,024
Cash and cash equivalents at end of period 38,691 14,809
Interest paid $ 6,544 $ 4,189