Altisource Asset Management Corporation AAMC Cash Flow

Altisource asset management corporation (AAMC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12
Operating activities:
Net Income (Loss) Attributable to Parent
-3,757	-1,539	-3,523	3,289	-840	-4,290	-1,155	-1,067	-4,364	-1,784	-2,125	-1,742	-1,318	-1,663	-1,071	-1,261	-940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-74,720	-7,315	13,835	19,312	63,405	55,374	81,012	48,741	21,247	11,152	3,728	-1,824	-135	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Change in unrealized gain on mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42,013	27,499	42,209	61,134	91,924	88,726	105,042	65,130	35,129	17,670	7,165	1,128	0	0	0
Net realized gain on sales of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,965	12,874	19,272	15,382	21,899	13,727	10,819	9,321	6,467	1,909	1,719	387	0	0	0
Net realized gain on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	254	151	2,469	302	0	0	-	-	-	-	-	-	-
Net realized gain on sales of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,006	13,914	12,404	10,608	4,938	3,251	1,238	55	0	0	0	0	-	-	-
Change in fair value of Front Yard common stock
-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,050	1,344	998	603	313	103	48	-	-	-	0	-	-	-
Selling costs and impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,995	10,705	8,839	14,691	-	-	-	-	-	-	-	-	-	-	-
Real estate selling costs and impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	355	-	4	0	0	-	-	-
Accretion of interest on re-performing mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	112	237	232	135	2,475	0	0	-	-	-	-	-	-	-
Share-based compensation
477	-	-	-	698	-	-	-	-	-	-	-	-	-	-	-	-	2,404	1,429	2,086	946	-3,039	1,669	-468	3,316	4,408	2,140	1,080	214	16	0	0
Share-based compensation
-	-	-	-	-	-	1,100	1,343	1,257	-	1,659	1,895	2,169	-	2,432	2,388	2,368	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of Front Yard common stock
-634	-	-1,072	4,792	877	-	698	601	-2,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
108	-	97	93	95	-	111	105	109	-	106	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease right-of-use assets
182	-	-	-	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease right-of-use assets
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,077	2,053	1,687	531	1,298	1,018	501	608	472	308	292	30	0	0	0
Changes in operating assets and liabilities:
Accounts receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-123	20,921	4,813	-24,999	21,184	3,090	1,610	29	-502	0	0	0	0	-	-	-
Receivable from Front Yard
-874	846	176	281	-257	-38	-246	225	-124	-529	-253	-158	-175	340	-563	813	4,676	-17,491	1,156	19,242	-20,398	-1,778	-1,469	-5,005	53	349	890	-206	-518	361	0	0
Prepaid expenses and other assets
1,166	-374	-975	956	540	380	-199	-69	418	-2,252	417	347	546	549	36	-940	287	668	-144	-115	614	-5,209	5,307	478	530	-239	83	-80	360	-3	0	0
Deferred leasing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Other non-current assets
329	102	84	120	-319	312	262	2	-352	1,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued salaries and employee benefits
-722	603	1,313	1,382	-3,461	980	1,489	1,069	-3,606	1,223	1,607	1,862	-3,141	969	1,118	876	-2,869	1,644	1,435	411	-736	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
431	145	509	-121	-407	300	175	-758	-614	69	71	497	-3,139	2,043	195	113	-32	1,322	8,891	-194	5,264	2,151	-437	1,105	1,118	2,698	1,051	301	711	406	0	0
Operating lease liabilities
-164	-50	-87	-33	-18	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payable to Front Yard
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-214	-1,966	-6,169	0	0	0	-738	1,996	1,157	871	2,104	17	434	-200	2	0	0
Net cash used in operating activities
-3,432	-1,921	796	-902	-4,717	652	1,190	-48	-4,220	2,688	1,154	2,323	-5,800	2,857	3,201	2,029	-8,279	-52,689	-42,363	-40,284	-47,901	-41,062	-48,454	-26,313	-19,530	-10,756	-5,880	-2,763	-2,426	-69	0	0
Investing activities:
Decrease in cash, cash equivalents and restricted cash due to deconsolidation of Front Yard (Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	20,566	0	0	116,702	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Purchases of Front Yard common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,588	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Investment in short-term investments
0	-58	539	441	642	434	137	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short-term investments
517	-	-	-	570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short-term investments
-	-	-	-	-	-	0	290	193	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in property and equipment
48	55	123	37	80	71	3	60	14	1,216	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of property and equipment
0	0	0	0	42	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,807	184,590	445,136	611,357	569,975	474,480	79,908	88,257	0	0	0
Investment in real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,920	0	278	0	0	0
Investment in renovations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,474	4,935	5,467	5,534	6,764	4,257	1,253	447	320	123	22	0	0	0	0
Real estate tax advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,424	3,995	7,887	6,556	13,475	5,876	8,109	6,259	5,925	547	0	0	-	-	-
Mortgage loan dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	277,965	82,259	51,550	56,337	212,343	51,644	37,604	32,775	25,184	7,843	5,852	88	-	-	-
Mortgage loan payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,938	-6,821	-6,631	-5,816	-5,997	-6,952	-4,822	-3,129	-2,242	-1,537	-1,122	0	-	-	-
Disposition of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,512	48,452	38,777	32,139	11,881	8,305	2,732	734	685	0	0	0	-	-	-
Mortgage loan dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Acquisition-related deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,693	-1,484	-1,249	-1,764	-2,935	-1,456	-2,786	-3,092	0	0	-	-	-
Net cash provided by (used in) investing activities
469	383	-186	-273	-110	-376	-140	230	179	-1,841	0	0	0	-20,566	0	0	-132,290	301,192	10,751	74,280	80,718	177,285	-129,480	-439,844	-582,881	-552,045	-454,640	-93,098	-88,447	0	0	0
Financing activities:
Proceeds from stock option exercises
13	0	0	0	0	12	21	0	3	128	36	123	363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares withheld for taxes upon vesting of restricted stock
196	-	0	6	195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of tax withholdings on stock option exercises
9	-	-	-	0	-	-	-	-	125	29	115	296	546	13	0	12	196	42	118	404	201	9,006	421	2,714	261	532	121	0	0	0	0
Proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	250,000	0	0	0	0	-	-	-
Cost of issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112	-51	62	1,114	0	0	0	0	-	-	-
Issuance of common stock, including stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	0	18	249	47	126	411	203	9,031	423	2,732	269	543	123	0	4,500	0	500
Repurchase of common stock
-	-	-	-	-	-	-	-	196	-550	0	1,534	3,996	4,180	729	4,256	2,335	2,912	0	6,553	51	8,717	39,078	153,108	44,565	0	0	0	0	-	-	-
Cost of issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-73	73	-	-	-
Capital contribution from non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	41	35	27	13	25	-100	468,491	348,757	-4	310,254	0	99,500	0	500
Distribution to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,617	31,468	31,462	4,576	31,455	31,452	25,720	27,398	10,578	2,509	0	0	-	-	-
Proceeds from issuance of other secured borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-760	0	171,001	50,690	174,426	150,000	0	0	-	-	-	-	-	-	-
Repayments of other secured borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,534	10,992	12,050	9,256	344	0	0	0	-	-	-	-	-	-	-
Proceeds from repurchase and loan agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,110	176,284	75,806	33,877	141,778	203,024	621,576	127,664	271,391	338,338	66,835	12,926	0	0	0
Repayments of repurchase and loan agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223,075	73,411	178,488	119,590	385,107	216,178	50,043	30,096	7,809	10	79,289	0	0	0	0
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	582	2,127	4,782	2,341	1,749	1,301	2,212	123	1,028	1,092	62	1,100	0	0	0
Net cash used in financing activities
-192	-43	0	-6	-195	-3,299	-122	-31	-193	-311	7	-1,526	-3,929	-4,166	-727	-4,256	-2,329	-209,309	38,349	13,515	-51,213	-111,265	65,116	390,333	742,877	600,741	334,734	297,813	11,753	104,083	0	1,000
Net change in cash and cash equivalents
-3,155	-1,581	610	-1,181	-5,022	-3,023	928	151	-4,234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-79	-12	-30	5	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	1,161	797	-9,729	-	2,474	-2,227	-142,898	-	6,737	47,511	-18,396	24,958	-112,818	-75,824	140,466	37,940	-125,786	201,952	-79,120	104,014	0	1,000
Supplemental disclosure of cash flow information:
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,407	12,420	11,303	10,429	10,841	9,716	5,760	4,736	2,068	2	375	0	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	24	662	132	0	-4	4	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
68	-	176	245	68	-	139	851	330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use lease assets recognized - operating leases
0	0	1,845	0	2,839	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities recognized
0	0	1,845	0	2,826	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of mortgage loans to real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110,843	90,696	133,856	134,826	176,355	189,942	124,443	96,528	-	-	-	-	-	-	-
Transfer of mortgage loans to real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,199	4,243	156	-	-	-
Transfer of real estate owned to mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,773	3,594	0	-	-	-	-	-	-	-
Change in accrued capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,552	1,896	-302	-1,430	-3,561	5,966	1,746	0	-	-	-	-	-	-	-
Change in accrued equity issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183	-	579	293	370	-	0	0
Transfer of mortgage loans to real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Changes in receivables from mortgage loan dispositions, payments and real estate tax advances, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,142	-33,809	33,511	2,848	-3,057	8,285	3,549	1,247	4,067	2,162	1,725	1,858	0	0	0
Changes in receivables from real estate owned dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,303	580	739	630	1,543	3,097	0	0	-	-	-	-	-	-	-
Decrease in noncontrolling interest due to deconsolidation of RESI (Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,145,639	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Decrease in repurchase and loan agreements and other secured borrowings due to deconsolidation of Front Yard
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,265,968	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Decrease in real estate assets and mortgage loans due to deconsolidation of Front Yard
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,264,296	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-