Great ajax corp. (AJXA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated net income

37,089

31,337

30,154

28,874

25,792

3,750

Adjustments to reconcile net income to net cash from operating activities
Stock-based management fee and compensation expense

3,604

3,989

3,247

1,468

1,410

560

Non-cash interest income accretion

39,113

43,749

43,379

39,178

30,936

4,098

Discount accretion on investment in debt securities and beneficial interests

13,081

783

195

0

0

-

Loss on sale of mortgage loans

7,000

0

0

-

-

-

Gain on sale of property held-for-sale

629

380

506

106

460

-

Gain on sale of securities

8

347

0

0

-

-

Loss from payoffs of loans in transit

0

0

-26

-

-

-

Loss from payoffs of loans in transit

-

-

-

0

0

-

Depreciation of property

499

155

80

20

3

4

Impairment of real estate owned

2,104

2,700

2,516

2,011

99

-

Provision for credit losses on mortgage loans

803

1,164

0

0

-

-

Amortization of debt discount and prepaid financing costs

5,716

6,378

6,466

6,833

1,846

109

Undistributed loss/(income) from investment in affiliates

1,332

762

707

558

550

51

Net change in operating assets and liabilities
Prepaid expenses and other assets

2,555

2,747

2,543

-336

4,678

2,178

Receivable from servicer

2,231

-2,071

5,087

7,037

4,104

829

Accrued expenses, management fee payable, and other liabilities

830

1,171

1,233

2,116

903

1,550

Net cash from operating activities

-15,427

197

-8,695

-5,221

-10,675

-

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in operating activities

-

-

-

-

-

-1,183

Purchase of mortgage loan pools and related balances

110,146

165,021

459,194

434,332

347,104

209,881

Acquisition of commercial loans

19,040

6,290

9,083

2,472

0

-

Principal paydowns on mortgage loans

134,696

142,107

107,274

58,388

26,400

2,471

Principal paydowns on debt securities held as investments

42,386

6,496

0

-

-

-

Purchase of securities

-

-

-

6,323

0

-

Principal paydowns on debt securities held as investments

-

-

-

0

-

-

Proceeds from sale of mortgage loans

212,648

0

0

92

-

-

Draws on small balance commercial loans

912

267

0

785

294

-

Loans purchase deposit refund

-

-

-

-

0

-

Purchase of securities

187,825

176,363

0

-

-

-

Proceeds from sale of securities

39,600

8,073

0

0

-

-

Purchase of rental property

27,524

15,385

0

0

-

-

Purchase of property held-for-sale and related balances

-

-

-

-

2,940

-

Purchase of property held-for-sale and related balances

-

-

-

-

-

814

Purchase of rental property and related balances

-

-

-

-

-

435

Proceeds from sale of property held-for-sale

17,436

17,632

17,143

9,117

2,729

-

Renovations of rental property

171

-

-

-

-

-

Sale of other mortgage related assets

-

-

-

-

0

-

Proceeds from sale of mortgage loans

-

-

-

78,162

0

-

Renovations and recovery costs of rental property and property held-for-sale

-

456

0

0

-

-

Investment in Great Ajax FS LLC, including warrants

0

1,750

0

-

-

-

Investment in Great Ajax FS LLC, including warrants

-

-

-

0

0

-

Investment in affiliates

-

-

-

-

-

2,187

Investment in equity method investee

2,502

0

5,115

1,111

-

-

Distribution from affiliates

1,144

827

3,055

365

162

-

Renovations of rental property and property held-for-sale

-

-

-

-

-

9

Loan to affiliate

-

-

-

3,960

0

-

Repayment of loan to affiliate

-

-

-

3,636

0

-

Net cash from investing activities

100,167

-190,397

-345,920

-299,223

-321,047

-

CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used in investing activities

-

-

-

-

-

-210,855

Proceeds from repurchase transactions

322,561

311,128

590,669

348,602

245,549

15,249

Repayments on repurchase transactions

444,372

53,424

542,221

225,695

156,265

-

Proceeds from sale of secured borrowings

284,343

167,910

431,126

288,436

204,799

-

Proceeds from sale or issuance of secured notes

-

-

-

-

-

86,191

Repayments on secured borrowings

241,134

254,177

178,115

109,263

18,898

1,512

Proceeds from sale of convertible senior notes

0

15,184

105,325

0

0

-

Deferred financing costs

4,559

2,635

7,225

6,080

5,059

1,759

Sale of common stock, net of offering costs

34,301

0

3,864

31,662

51,408

158,501

Sale of common stock pursuant to dividend reinvestment plan

280

199

174

50

0

-

Sale of operating partnership units of subsidiary

-

-

-

-

-

9,362

Distribution to non-controlling interests

789

3,343

766

618

500

215

Issuance of stock from subsidiary

144

6,709

16,190

-

-

-

Issuance of non-controlling interest in subsidiaries

-

-

-

0

0

-

Dividends paid on common stock

26,322

22,943

20,602

16,526

11,577

680

Net cash from financing activities

-75,547

164,608

398,419

310,568

309,457

-

NET CHANGE IN CASH, CASH EQUIVALENTS, AND CASH HELD IN TRUST

9,193

-25,592

43,804

6,124

-22,265

-

Net cash provided by financing activities

-

-

-

-

-

265,137

NET CHANGE IN CASH AND CASH EQUIVALENTS AND CASH HELD IN TRUST

-

-

-

-

-

53,099

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest

53,324

50,753

35,214

-

-

-

Cash paid for interest

-

-

-

18,687

9,169

587

Cash paid for income taxes

0

0

0

0

0

0

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on available for sale securities, net of non-controlling interest and tax

-1,852

342

233

0

0

-

Net transfer of loans to rental property or property held-for-sale

12,104

15,072

20,294

25,037

7,922

349

Issuance of common stock for management fee and compensation expense

3,604

3,989

3,247

1,468

1,410

560

Treasury stock received through distributions from investment in Manager

188

270

0

0

-

-

Issuance of shares for investment in Great Ajax FS LLC

0

1,011

0

0

-

-

Non-cash adjustments to basis in mortgage loans

-20

347

516

-477

-

-

Convertible senior notes conversion premium recognized in equity

0

494

2,687

0

0

-

Conversion of Operating Partnership Units

10,816

0

0

-

-

-

Non-cash equity investment in Gaea resulting from deconsolidation

18,494

0

0

324

0

-

Non-cash transfer of rental property to Gaea

41,997

0

0

-

-

-

Non-cash transfer of loans to Gaea

2,215

0

0

-

-

-

Exchange of membership interest in Little Ajax II for mortgage loans

-

-

-

-

-

48,280

Loan acquisition payable

-

-

-

-

-

11,401

Property sold to borrowers under the installment method

0

0

56

0

0

-

Transfer of accrued interest to borrowings under repurchase agreement

0

0

497

0

0

-

Cumulative effect of change in accounting principle

0

110

0

0

-

-

Non-cash adjustments to basis in mortgage loans

-20

347

516

-477

-

-