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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities | ||
| Net Income | $ 2,147us-gaap_ProfitLoss | $ 2,813us-gaap_ProfitLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 764us-gaap_DepreciationDepletionAndAmortization | 500us-gaap_DepreciationDepletionAndAmortization |
| Equity-based compensation | 2,201us-gaap_ShareBasedCompensation | 450us-gaap_ShareBasedCompensation |
| Loss from equity method investment in affiliate | 53us-gaap_IncomeLossFromEquityMethodInvestments | |
| Gain on sale of financing receivables and investments | (3,255)hasi_GainLossOnSaleOfFinancingReceivablesAndInvestments | |
| Changes in financing receivables held-for-sale | 14,907us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowPeriodIncreaseDecrease | 16,801us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowPeriodIncreaseDecrease |
| Changes in accounts payable and accrued expenses | (1,269)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 1,190us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Other | (575)us-gaap_IncreaseDecreaseInOtherOperatingAssets | 757us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Net cash provided by operating activities | 14,973us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 22,511us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities | ||
| Purchases of financing receivables | (19,565)us-gaap_PaymentsToAcquireFinanceReceivables | (48,660)us-gaap_PaymentsToAcquireFinanceReceivables |
| Principal collections from financing receivables | 39,185us-gaap_ProceedsFromCollectionOfFinanceReceivables | 9,644us-gaap_ProceedsFromCollectionOfFinanceReceivables |
| Proceeds from sales of financing receivables | 12,851us-gaap_ProceedsFromSaleOfFinanceReceivables | |
| Purchases of investments | (5,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | |
| Principal collections from investments | 7,607us-gaap_PaymentsForProceedsFromInvestments | 688us-gaap_PaymentsForProceedsFromInvestments |
| Proceeds from sales of investments | 2,280us-gaap_ProceedsFromSaleOfOtherInvestments | |
| Purchases of real estate | (16,540)us-gaap_PaymentsToAcquireRealEstate | |
| Distributions received from equity method affiliate | 6,343us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital | |
| Change in restricted cash | (2,793)us-gaap_IncreaseDecreaseInRestrictedCash | 6,804us-gaap_IncreaseDecreaseInRestrictedCash |
| Other | (78)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 20us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash provided by (used in) investing activities | 24,290us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (31,504)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities | ||
| Proceeds from credit facility | 35,000us-gaap_ProceedsFromLinesOfCredit | 40,000us-gaap_ProceedsFromLinesOfCredit |
| Principal payments on credit facility | (29,613)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | |
| Proceeds from nonrecourse notes | 11,626us-gaap_ProceedsFromIssuanceOfSecuredDebt | |
| Principal payments on nonrecourse notes | (13,764)us-gaap_RepaymentsOfSecuredDebt | (10,476)us-gaap_RepaymentsOfSecuredDebt |
| Payments on deferred funding obligations | (27,823)hasi_PaymentsOnDeferredFundingObligations | (7,470)hasi_PaymentsOnDeferredFundingObligations |
| Payments of dividends and distributions | (7,196)us-gaap_PaymentsOfDividends | (3,707)us-gaap_PaymentsOfDividends |
| Other | (236)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (1,625)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash (used in) provided by financing activities | (32,006)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 16,722us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Increase in cash and cash equivalents | 7,257us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 7,729us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 58,199us-gaap_CashAndCashEquivalentsAtCarryingValue | 31,846us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 65,456us-gaap_CashAndCashEquivalentsAtCarryingValue | 39,575us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Interest paid | $ 4,653us-gaap_InterestPaid | $ 3,800us-gaap_InterestPaid |
| X | ||||||||||
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- Definition
Gain (Loss) On Sale of Financing Receivables and Investments No definition available.
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- Definition
Payments on Deferred Funding Obligations No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the sum of the reconciled changes in the loan receivables that will be sold to other entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for the purchase of amounts due from customers, clients, lessees, borrowers, or others under the terms of its agreements therewith. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the collection of receivables arising from the financing of goods and services. No definition available.
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| X | ||||||||||
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- Definition
Cash dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations that are returns of capital. Excludes dividends or distributions from equity method investments classified as operating activities. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of receivables arising from the financing of goods and services. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of other investments not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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