Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net Income $ 5,774 $ 8,290
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,716 1,814
Equity-based compensation 7,728 3,627
Loss from equity method investment in affiliates 162  
Gain on sale of financing receivables and investments (5,069) (3,755)
Changes in financing receivables held-for-sale 15,019 16,756
Changes in accounts payable and accrued expenses 119 (2,956)
Other (4,652) (198)
Net cash provided by operating activities 21,797 23,578
Cash flows from investing activities    
Purchases of financing receivables (222,823) (123,794)
Principal collections from financing receivables 59,188 44,997
Proceeds from sales of financing receivables 57,995 22,428
Purchases of investments (21,190) (7,753)
Principal collections from investments 8,792 1,489
Proceeds from sales of investments 10,794 59,154
Acquisition of businesses, net of cash   (106,572)
Purchases of real estate (42,007) (14,475)
Investments in equity method affiliate, net (42,633)  
Distributions received from equity method affiliates 21,095  
Change in restricted cash (2,427) 42,601
Other (692) 21
Net cash used in investing activities (173,908) (81,904)
Cash flows from financing activities    
Proceeds from credit facility 236,786 158,000
Principal payments on credit facility (174,555) (22,481)
Proceeds from nonrecourse debt 112,126  
Principal payments on nonrecourse debt (38,419) (48,050)
Payments on deferred funding obligations (65,869) (57,553)
Net proceeds of common stock issuances 81,546 70,370
Payments of dividends and distributions (23,062) (8,786)
Other (3,961) (4,107)
Net cash provided by financing activities 124,592 87,393
(Decrease) increase in cash and cash equivalents (27,519) 29,067
Cash and cash equivalents at beginning of period 58,199 31,846
Cash and cash equivalents at end of period 30,680 60,913
Interest paid $ 18,545 $ 10,058