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
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net Income $ 10,319 $ 5,774
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,350 2,716
Equity-based compensation 7,452 7,728
From equity method investments in affiliates 570 162
Gain on sale of financing receivables and investments (10,319) (5,069)
Changes in financing receivables held-for-sale 40,560 15,019
Changes in accounts payable and accrued expenses 4,596 119
Other (7,523) (4,652)
Net cash provided by operating activities 51,005 21,797
Cash flows from investing activities    
Purchases of financing receivables (223,051) (222,823)
Principal collections from financing receivables 104,741 59,188
Proceeds from sales of financing receivables 35,052 57,995
Purchases of investments (25,895) (21,190)
Principal collections from investments 1,406 8,792
Proceeds from sales of investments 13,914 10,794
Purchases of real estate (10,964) (42,007)
Investments in equity method affiliates, net (14,165) (42,633)
Distributions received from equity method affiliates 41,800 21,095
Other 12,192 (3,119)
Net cash used in investing activities (64,970) (173,908)
Cash flows from financing activities    
Proceeds from credit facilities 270,900 236,786
Principal payments on credit facilities (161,275) (174,555)
Proceeds from nonrecourse debt   112,126
Principal payments on nonrecourse debt (56,324) (38,419)
Payments on deferred funding obligations (56,281) (65,869)
Net proceeds of common stock issuances 91,167 81,546
Payments of dividends and distributions (36,401) (23,062)
Other (7,498) (3,961)
Net cash provided by financing activities 44,288 124,592
Increase (decrease) in cash and cash equivalents 30,323 (27,519)
Cash and cash equivalents at beginning of period 42,645 58,199
Cash and cash equivalents at end of period 72,968 30,680
Interest paid $ 28,056 $ 18,545