Altisource asset management corporation (AAMC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Mar'13
Operating activities:
Net Income (Loss) Attributable to Parent

-2,613

-10,876

-6,969

-4,935

-

-

-

-

Net loss attributable to stockholders

-

-

-

-

-48,888

248,532

34,303

-1,959

Adjustments to reconcile net loss to net cash used in operating activities:
Change in unrealized gain on mortgage loans

-

-

-

-

88,829

350,822

61,092

1,128

Net realized gain on sales of mortgage loans

-

-

-

-

94,493

55,766

10,482

387

Net realized gain on mortgage loans held for sale

-

-

-

-

-

2,771

0

-

Net realized gain on sales of real estate

-

-

-

-

50,932

9,482

0

-

Depreciation and amortization

392

436

302

0

7,472

-

-

-

Change in fair value of Front Yard common stock

5,864

-5,084

0

0

-

-

-

-

Real estate depreciation and amortization

-

-

-

-

-

1,067

25

-

Selling costs and impairment

-

-

-

-

72,230

21,788

0

-

Accretion of interest on re-performing mortgage loans

-

-

-

-

551

2,610

0

-

Share-based compensation

2,401

4,466

6,986

9,585

6,865

1,478

7,842

230

Amortization of operating lease right-of-use assets

345

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

7,348

3,425

1,102

30

Loss on retirement of leasehold improvements

-

-

-

-

-212

0

0

-

Changes in operating assets and liabilities:
Accounts receivable, net

-

-

-

-123

21,919

4,227

0

-

Receivable from Front Yard

1,046

-183

-1,115

5,266

-17,491

-8,199

515

-157

Prepaid expenses and other assets

147

530

-942

-68

1,023

1,106

124

357

Deferred leasing costs

-

-

-

-

88

0

0

-

Other non-current assets

-13

224

1,060

0

0

-

-

-

Accrued salaries and employee benefits

-163

-68

1,551

94

2,754

-287

-

-

Accounts payable and accrued liabilities

126

-897

-2,502

2,319

15,283

3,937

4,761

1,117

Operating lease liabilities

-188

0

0

-

-

-

-

-

Payable to Front Yard

-

-

-

-2,180

-6,169

3,286

2,355

-198

Net cash used in operating activities

-6,744

-2,426

365

-192

-183,237

-135,359

-21,825

-2,495

Investing activities:
Decrease in cash, cash equivalents and restricted cash due to deconsolidation of Front Yard (Note 1)

-

-

-

137,268

0

0

-

-

Purchases of Front Yard common stock

-

-

-

15,588

0

0

-

-

Investment in short-term investments

1,564

571

625

0

0

-

-

-

Proceeds from maturities of short-term investments

1,631

612

0

0

-

-

-

-

Investment in property and equipment

295

148

1,216

0

0

-

-

-

Proceeds from disposition of property and equipment

42

0

0

-

-

-

-

-

Investment in mortgage loans

-

-

-

-

-

1,265,890

1,212,620

88,257

Investment in real estate

-

-

-

-

119,977

34,104

6,198

278

Investment in renovations

-

-

-

-

27,410

12,721

465

-

Investment in affiliate

-

-

-

-

5,007

0

0

-

Real estate tax advances

-

-

-

-

29,862

33,719

6,472

-

Mortgage loan dispositions

-

-

-

-

468,111

334,366

38,967

-

Mortgage loan payments

-

-

-

-

-26,206

-20,900

-4,901

-

Disposition of real estate

-

-

-

-

154,880

23,652

685

-

Acquisition-related deposits

-

-

-

-

-

-

1,150

-

Real estate tax advances

-

-

-

-

29,862

-

-

-

Mortgage loan dispositions

-

-

-

-

-

-

-

88

Change in restricted cash

-

-

-

-

-

-7,404

-5,878

-

Net cash provided by (used in) investing activities

-186

-107

-1,841

-152,856

466,941

-974,920

-1,188,230

-88,447

Financing activities:
Proceeds from stock option exercises

0

36

650

593

-

-

-

-

Payment of tax withholdings on stock option exercises

0

21

565

571

760

12,342

914

-

Proceeds from issuance of preferred stock

-

-

-

-

-

250,000

0

-

Cost of issuance of preferred stock

-

-

-

-

-

1,237

0

-

Issuance of common stock, including stock option exercises

-

-

-

-

833

12,389

935

5,000

Repurchase of common stock

0

3,186

4,980

11,500

9,516

245,468

0

-

Cost of issuance of common stock

-

-

-

-

-

-

0

73

Capital contribution from non-controlling interest

-

-

-

-

111

468,429

659,007

100,000

Distribution to non-controlling interest

-

-

-

-

98,123

116,025

13,087

-

Repurchase of non-controlling interest in subsidiaries by affiliate

-

-

-

-

24,983

0

0

-

Proceeds from issuance of other secured borrowings

-

-

-

-

220,931

324,426

0

-

Repayments of other secured borrowings

-

-

-

-

39,832

344

0

-

Proceeds from repurchase and loan agreements

-

-

-

-

347,077

1,094,042

689,490

12,926

Repayments of repurchase and loan agreements

-

-

-

-

594,564

681,424

87,108

-

Payment of deferred financing costs

-

-

-

-

9,832

5,385

3,282

1,100

Related party payables

-

-

-

-

-

-

0

-

Related party payables

-

-

-

-

-

-

-

-83

Net cash used in financing activities

-244

-3,645

-5,759

-11,478

-208,658

1,087,061

1,245,041

116,836

Net change in cash and cash equivalents

-7,174

-6,178

-7,235

-

-

-

-

-

Effect of exchange rate changes on cash

-32

0

0

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-

-

-

-164,526

75,046

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-23,218

34,986

25,894

Supplemental disclosure of cash flow information:
Cash paid for interest

-

-

-

-

46,559

31,053

2,445

-

Income taxes paid

594

1,467

820

132

265

2,778

0

-

Right-of-use lease assets recognized - operating leases

4,684

-

-

-

-

-

-

-

Operating lease liabilities recognized

4,671

-

-

-

-

-

-

-

Transfer of mortgage loans to real estate owned, net

-

-

-

-

470,221

587,268

31,014

-

Transfer of mortgage loans at fair value to mortgage loans held for sale

-

-

-

-

-

0

0

-

Change in accrued capital expenditures

-

-

-

-

-1,388

4,151

0

-

Change in accrued equity issuance costs

-

-

-

-

-

-

-

370

Transfer of mortgage loans to real estate owned

-

-

-

-

-

-

-

156

Changes in receivables from mortgage loan dispositions, payments and real estate tax advances, net

-

-

-

-

-592

10,024

9,812

1,858

Changes in receivables from real estate owned dispositions

-

-

-

-

15,252

4,640

0

-

Acquisition-related payable

-

-

-

-

-

-

1,209

-

Unpaid distribution to non-controlling interest

-

-

-

-

5,526

0

0

-

Decrease in noncontrolling interest due to deconsolidation of Front Yard

-

-

-

1,145,639

0

-

-

-

Decrease in repurchase and loan agreements and other secured borrowings due to deconsolidation of Front Yard

-

-

-

1,265,968

0

-

-

-

Decrease in real estate assets and mortgage loans due to deconsolidation of Front Yard

-

-

-

2,264,296

0

-

-

-