Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income (loss) $ 8,290,000 $ (5,099,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Unrealized gain on derivative instrument   (15,000)
Depreciation and amortization of intangibles 333,000 277,000
Equity-based compensation 3,627,000 6,629,000
Amortization of deferred financing fees 1,481,000 334,000
Gain on sales of investments (3,077,000)  
Noncash gain on sales and payment in kind income (678,000) (841,000)
Amortization of servicing assets 252,000 302,000
Change in securitization residual assets 397,000 89,000
Change in financing receivables held-for-sale and investments available-for-sale 16,756,000 (707,000)
Change in accounts payable, dividends payable and accrued expenses (2,956,000) (1,093,000)
Other (847,000) (1,236,000)
Net cash provided by (used in) operating activities 23,578,000 (1,360,000)
Cash flows from investing activities    
Acquisition of American Wind Capital Co. LLC, net of cash acquired (106,572,000)  
Purchases of financing receivables (123,794,000) (89,741,000)
Principal collections from financing receivables 44,997,000 18,099,000
Proceeds from sales of financing receivables 22,428,000  
Purchases of investments (7,753,000) (87,525,000)
Principal collections from investments 1,489,000  
Proceeds from sales of investments 59,154,000  
Purchases of real estate (14,475,000)  
Purchase of property and equipment 21,000 (3,000)
Proceeds from affiliate   269,000
Change in restricted cash 42,601,000 (38,872,000)
Net cash used in investing activities (81,904,000) (197,773,000)
Cash flows from financing activities    
Net proceeds from common stock issuances 70,370,000 160,092,000
Proceeds from nonrecourse debt   29,122,000
Principal payments on nonrecourse debt (41,589,000) (37,286,000)
Proceeds from credit facility 158,000,000 84,000,000
Principal payments on credit facility (22,481,000) (4,333,000)
Principal payments on asset-backed nonrecourse notes (6,461,000)  
Payments on deferred funding obligations (57,553,000) (6,836,000)
Payment of deferred financing costs (2,120,000) (8,413,000)
Redemption of OP units (1,782,000)  
Repurchase of common stock (205,000)  
Payment of dividends (8,634,000) (992,000)
Distributions to non-controlling interest holders (152,000) (28,000)
Net cash provided by financing activities 87,393,000 215,326,000
Increase in cash and cash equivalents 29,067,000 16,193,000
Cash and cash equivalents at beginning of period 31,846,000 8,024,000
Cash and cash equivalents at end of period 60,913,000 24,217,000
Interest paid $ 10,058,000 $ 5,860,000