Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net Income $ 6,972 $ 3,631
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,573 1,561
Equity-based compensation 4,920 5,026
From equity method investments in affiliates 412 348
Gain on sale of financing receivables and investments (8,461) (4,763)
Changes in financing receivables held-for-sale 5,382 14,862
Changes in accounts payable and accrued expenses 2,718 (424)
Other (5,439) (4,578)
Net cash provided by operating activities 10,077 15,663
Cash flows from investing activities    
Purchases of financing receivables (106,874) (185,643)
Principal collections from financing receivables 57,469 50,358
Proceeds from sales of financing receivables 29,032 36,454
Purchases of investments (23,333) (20,486)
Principal collections from investments 857 8,586
Proceeds from sales of investments 13,914 10,794
Purchases of real estate (7,345) (38,513)
Investments in equity method affiliates, net (10,706) (32,735)
Distributions received from equity method affiliates 27,903 14,642
Other 10,444 (1,314)
Net cash used in investing activities (8,639) (157,857)
Cash flows from financing activities    
Proceeds from credit facility 117,400 175,521
Principal payments on credit facility (119,146) (70,860)
Proceeds from nonrecourse debt   11,626
Principal payments on nonrecourse debt (41,429) (25,430)
Payments on deferred funding obligations (43,414) (50,786)
Net proceeds of common stock issuances 91,516 81,540
Payments of dividends and distributions (23,321) (14,538)
Other (6,410) (1,408)
Net cash (used in) provided by financing activities (24,804) 105,665
Decrease in cash and cash equivalents (23,366) (36,529)
Cash and cash equivalents at beginning of period 42,645 58,199
Cash and cash equivalents at end of period 19,279 21,670
Interest paid $ 19,396 $ 12,831