Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net Income $ 3,197 $ 2,147
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,786 764
Equity-based compensation 2,008 2,201
From equity method investments in affiliates (270) 53
Gain on sale of financing receivables and investments (4,314) (3,255)
Changes in financing receivables held-for-sale 5,382 14,907
Changes in accounts payable and accrued expenses 2,776 (1,269)
Other (1,189) (575)
Net cash provided by operating activities 9,866 14,973
Cash flows from investing activities    
Purchases of financing receivables (76,142) (19,565)
Principal collections from financing receivables 8,662 39,185
Proceeds from sales of financing receivables 29,127 12,851
Purchases of investments (12,864) (5,000)
Principal collections from investments 677 7,607
Proceeds from sales of investments   2,280
Purchases of real estate (7,327) (16,540)
Investments in equity method affiliates, net (1,622)  
Distributions received from equity method affiliates 15,991 6,343
Other (314) (2,871)
Net cash (used in) provided by investing activities (43,812) 24,290
Cash flows from financing activities    
Proceeds from credit facility 90,800 35,000
Principal payments on credit facility (16,328) (29,613)
Proceeds from nonrecourse debt   11,626
Principal payments on nonrecourse debt (18,509) (13,764)
Payments on deferred funding obligations (25,594) (27,823)
Payments of dividends and distributions (11,566) (7,196)
Other (917) (236)
Net cash provided by (used in) financing activities 17,886 (32,006)
(Decrease) increase in cash and cash equivalents (16,060) 7,257
Cash and cash equivalents at beginning of period 42,645 58,199
Cash and cash equivalents at end of period 26,585 65,456
Interest paid $ 9,319 $ 4,653