Colony credit real estate, inc. (CLNC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities:
Net income (loss)

-557,746

-462,648

-629,988

-286,659

-159,995

-177,353

-13,142

77,006

93,456

127,880

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income (Loss) from Equity Method Investments

32,799

36,942

1,963

26,192

29,296

23,774

49,183

43,901

34,459

24,709

0

0

0

Depreciation, Depletion and Amortization, Nonproduction

93,534

103,220

101,150

105,754

99,856

90,986

74,259

46,258

25,644

9,137

0

0

0

Straight-line rental income

6,521

6,827

7,910

7,724

6,879

6,520

3,659

2,348

1,313

0

0

0

0

Amortization of above/below market lease values, net

-2,696

-2,904

-2,931

-2,003

-760

-44

486

222

37

0

0

0

0

Amortization of premium/accretion of discount and fees on investments and borrowings, net

-14,519

-13,109

-11,518

-9,920

-8,717

-7,907

-7,967

-8,429

-8,837

-8,551

0

0

0

Amortization of deferred financing costs

11,210

9,657

8,546

7,482

6,439

4,794

3,848

3,335

3,193

3,637

0

0

0

Amortization of right-of-use lease assets and operating lease liabilities

100

101

0

0

0

-

-

-

-

-

-

-

-

Paid-in-kind interest added to loan principal, net of interest received

7,697

7,784

8,229

8,341

8,565

5,837

0

0

0

-

-

-

-

Interest accretion on investments

-

-

-

-

-

-

-

-

-

-

-

-

0

Distributions of cumulative earnings from unconsolidated ventures

55,970

65,136

62,308

46,960

48,286

43,481

38,132

31,475

19,421

7,563

0

0

0

Fair Value, Option, Changes in Fair Value, Gain (Loss)

-16,381

4,100

6,351

7,388

5,532

5,003

3,254

4,193

500

0

0

0

0

Realized Investment Gains (Losses)

2,724

2,772

2,077

-1,196

-3,399

-3,447

0

0

0

-

-

-

-

Provision for Loan and Lease Losses

290,532

220,600

0

0

0

-

-

-

-

-

-

-

-

Impairment of Real Estate

286,875

282,749

0

0

0

-

-

-

-

-

-

-

-

Amortization of equity-based compensation

9,309

10,810

10,674

9,586

8,671

7,113

3,905

2,083

285

0

0

0

0

Mortgage notes above/below market value amortization

-58

-400

-425

105

316

576

725

307

173

0

0

0

0

Deferred income tax (benefit) expense

-2,747

-4,652

29,103

26,245

25,749

28,354

-2,303

264

1,656

1,744

0

0

0

Other loss

0

-

-

-

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

0

0

0

Receivables, net

-1,575

9,136

2,188

11,658

9,710

-11,062

-12,153

-14,607

-16,572

0

0

0

0

Deferred costs and other assets

2,969

14,871

-11,938

-11,163

9,270

27,931

43,450

44,044

24,549

7,743

0

0

0

Due to related party

-3,084

-4,003

-354

-2,166

1,201

5,710

5,272

5,204

3,340

0

0

0

0

Other liabilities

-5,452

4,591

13,489

21,936

19,821

14,882

15,194

7,308

599

-692

0

0

0

Net cash provided by operating activities

156,702

137,176

149,533

134,951

120,242

100,722

97,189

88,728

93,970

106,982

0

0

0

Cash flows from investing activities:
Acquisition, origination and funding of loans and preferred equity held for investment, net

1,145,879

1,350,120

1,645,249

1,413,580

1,156,095

919,461

568,891

486,411

152,273

200,203

0

0

0

Repayment on loans and preferred equity held for investment

-453,030

-465,647

-638,964

-641,423

-915,032

-626,622

-1,247,481

-963,642

-496,179

-537,532

0

0

0

Repayment on loans held for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

Cash and restricted cash received in the Combination

-

-

-

-

-

328,454

0

0

0

-

-

-

-

Proceeds from sale of real estate

0

-

-

-

0

-

-

-

-

8,872

0

0

0

Cash received in the Combination

-

-

-

-

-

-

-

-

-

-

0

0

0

Acquisition of and additions to real estate, related intangibles and leasing commissions

29,301

24,218

23,344

418,737

418,624

415,117

408,546

5,661

3,047

312

0

0

0

Investments in unconsolidated ventures

59,504

47,938

195,128

241,978

243,115

239,663

73,298

12,844

13,934

16,333

0

0

0

Proceeds from sale of investments in unconsolidated ventures

82,618

115,298

115,298

76,861

34,475

0

0

0

0

-

-

-

-

Distributions in excess of cumulative earnings from unconsolidated ventures

163,303

212,611

219,103

168,535

142,598

98,501

105,077

88,806

71,095

55,107

0

0

0

Acquisition of real estate securities, available for sale

-

-

-

-

-

58,665

52,567

33,281

11,762

0

0

0

0

Repayment of principal in mortgage loans held in securitization trusts

0

-

-

-

0

-

-

-

-

-

-

-

-

Cash received in excess of accretion on purchased credit impaired loans

-

-

-

-

-

0

0

0

0

-

-

-

-

Net receipts on settlement of derivative instruments

0

-

-

-

0

-

-

-

-

-

-

-

-

Deposit on investments

20

372

1,128

14,095

29,775

29,423

0

0

0

-

-

-

-

Change in escrow deposits

14,712

-7,964

-10,900

8,383

4,084

5,618

17,242

21,624

25,255

21,541

0

0

0

Net cash provided by investing activities

-159,506

-416,025

-647,822

-1,060,923

-863,524

-467,705

-68,553

509,664

815,645

439,269

0

0

0

Cash flows from financing activities:
Distributions paid on common stock

200,650

217,721

223,522

223,238

222,071

185,291

129,221

73,589

18,849

0

0

0

0

Distributions paid on common stock to noncontrolling interests

4,663

5,081

3,934

4,121

5,800

4,460

-188,644

-90,580

-33,609

0

0

0

0

Distributions paid on common stock to noncontrolling interests

-

-

-

-

-

-

0

0

0

-

-

-

-

Shares canceled for tax withholding on vested stock awards

0

-

-

-

0

-

-

-

-

-

-

-

-

Borrowings from mortgage notes

73,688

93,582

86,986

288,064

226,716

246,365

262,467

80,623

95,969

72,189

0

0

0

Repayment of mortgage notes

83,425

8,349

103,101

102,678

142,565

141,818

158,883

237,228

279,612

342,898

0

0

0

Borrowings from credit facilities

978,494

1,443,118

2,625,945

2,810,111

2,405,828

1,716,362

920,829

326,820

25,149

0

0

0

0

Repayment of credit facilities

1,103,346

1,709,802

1,740,706

1,801,866

1,622,832

999,312

547,379

175,745

72,457

717

0

0

0

Repayment of securitization bonds

53,663

81,372

81,372

102,887

118,481

108,246

108,246

63,354

17,474

0

0

0

0

Repayment of mortgage obligations issued by securitization trusts

0

-

-

-

0

-

-

-

-

-

-

-

-

Payment of deferred financing costs

16,042

16,035

11,772

14,123

12,528

15,610

11,251

8,459

4,675

0

0

0

0

Distributions to CLNY owners

-

-

-

-

-

-

-

-

0

-

-

-

-

Contributions from noncontrolling interests

132

156

234

238

314

290

-53,150

-23,337

14,547

50,503

0

0

0

Distributions to noncontrolling interests

0

-

-

-

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

359,928

286,783

525,966

828,285

488,427

487,517

29,508

-416,654

-555,531

-551,658

0

0

0

Effect of exchange rates on cash, cash equivalents and restricted cash

-1,115

287

-48

-191

-183

-176

0

0

0

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

356,009

8,221

27,629

-97,878

-255,038

120,358

58,100

181,738

354,084

-5,407

0

0

0

Supplemental Cash Flow Information [Abstract]
Noncontrolling interests assumed in the Combination

-

-

-

-

-

82,542

82,320

82,320

82,320

0

0

0

0

Common stock issued for acquisition of NorthStar I and NorthStar II (Note 3)

-

-

-

-

-

2,021,373

2,021,373

2,021,373

2,021,373

0

0

0

0

Deconsolidation of certain CLNY Contributed Portfolio investments (Note 2)

-

-

-

-

-

287,021

313,133

313,133

298,429

0

0

0

0

Secured Financing

-

-

-

-

-

50,314

50,314

50,314

50,314

0

0

0

0

Other Payables to Manager adjustment (refer to Note 11)

-

-

-

-

-

-

0

0

2,934

-

0

0

0

Noncontrolling interests in the Operating Partnership

-

-

-

-

-

73,626

73,626

73,626

73,626

0

0

0

0

Consolidation of securitization trust (VIE asset/liability additions)

-24,393

0

67,429

89,046

101,773

211,778

203,475

175,078

134,398

0

0

0

0

Escrow deposits payable related to loans and preferred equity held for investment

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrual of distribution payable

-5,936

13,164

19,081

19,081

19,075

18,986

0

0

0

-

-

-

-

Non-cash distributions related to unconsolidated ventures

-

-

-

-

-

-

-

-

-

-

-

0

0

Foreclosure of loans held for investment, net of provision for loan losses

21,919

127,356

127,356

245,234

223,315

117,878

129,293

11,415

11,415

20,204

0

0

0

Right-of-use lease assets and operating lease liabilities

9,807

27,496

0

0

0

-

-

-

-

-

-

-

-

Due to Manager for share repurchases

-

-

-

-

-

-

-

-

0

-

-

-

-

Loans held for investment payoff received from servicer

-

-

-

-

-

-

-

-

0

-

-

-

0

PE Investments sale proceeds receivable

0

-

-

-

0

-

-

-

0

-

-

-

-

Conversion of Class B-3 common stock to Class A common stock

0

444

444

444

444

0

0

0

0

-

-

-

-

NorthStar I and NorthStar II
Assets acquired in the Combination

-

-

-

-

-

6,651,614

0

0

0

-

-

-

-

Liabilities assumed in the Combination

-

-

-

-

-

4,821,133

0

0

0

-

-

-

-