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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net Income $ 3,631 $ 5,688
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,561 1,098
Equity-based compensation 5,026 1,970
Loss from equity method investment in affiliates 348  
Gain on sale of financing receivables and investments (4,763) (2,538)
Changes in financing receivables held-for-sale 14,862 16,801
Changes in accounts payable and accrued expenses (424) 2,313
Other (4,578) (294)
Net cash provided by operating activities 15,663 25,038
Cash flows from investing activities    
Purchases of financing receivables (185,643) (107,227)
Principal collections from financing receivables 50,358 16,157
Proceeds from sales of financing receivables 36,454 22,428
Purchases of investments (20,486)  
Principal collections from investments 8,586 1,522
Proceeds from sales of investments 10,794 36,232
Acquisition of businesses, net of cash   (106,744)
Purchases of real estate (38,513)  
Investments in equity method affiliate, net (32,735)  
Distributions received from equity method affiliates 14,642  
Change in restricted cash (968) 40,308
Other (346) 20
Net cash used in investing activities (157,857) (97,304)
Cash flows from financing activities    
Proceeds from credit facility 175,521 108,000
Principal payments on credit facility (70,860) (18,953)
Proceeds from nonrecourse notes 11,626  
Principal payments on nonrecourse notes (25,430) (17,578)
Payments on deferred funding obligations (50,786) (50,557)
Net proceeds of common stock issuances 81,540 70,380
Payments of dividends and distributions (14,538) (8,786)
Other (1,408) (3,395)
Net cash provided by financing activities 105,665 79,111
(Decrease) increase in cash and cash equivalents (36,529) 6,845
Cash and cash equivalents at beginning of period 58,199 31,846
Cash and cash equivalents at end of period 21,670 38,691
Interest paid $ 12,831 $ 6,544