| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Sep'12 | Sep'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
81,920 | 41,798 | 31,035 | 14,756 | 8,034 | 9,770 | -12,634 | 3,804 | -5,012 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
Provision for loss on receivables | ||||||||
8,027 | 0 | 0 | - | - | - | 11,000 | - | - |
Unrealized gain on derivative instrument | ||||||||
- | - | - | - | - | - | - | 73 | 35 |
Depreciation and amortization | ||||||||
3,593 | 4,526 | 3,550 | 7,658 | 3,950 | 2,631 | 1,099 | 440 | 431 |
Amortization of deferred financing costs | ||||||||
6,435 | 10,727 | 9,621 | - | - | - | - | - | - |
Equity-based compensation | ||||||||
14,160 | 10,066 | 11,304 | 10,054 | 10,641 | 5,187 | 7,079 | 15 | 14 |
Equity method investments | ||||||||
34,392 | -4,312 | 7,746 | -781 | -98 | - | - | -1,284 | -5,047 |
Gain (Loss) on Securitization of Financial Assets | ||||||||
56,717 | 25,728 | 28,915 | 10,912 | 3,873 | - | - | - | - |
Gain on sale of receivables and investments | ||||||||
-13,241 | 0 | -2,137 | 2,015 | 3,120 | 6,796 | 390 | - | - |
Changes in receivables held-for-sale | ||||||||
0 | -12,685 | 3,338 | 46,204 | 11,002 | 25 | -16,444 | - | - |
Loss on debt extinguishment | ||||||||
0 | -9,245 | 0 | 0 | - | - | - | - | - |
Noncash gain on securitizations and payment in kind income | ||||||||
- | - | - | - | - | - | - | -53 | -1,426 |
Amortization of servicing assets | ||||||||
- | - | - | - | - | - | - | 352 | 589 |
Change in securitization residual assets | ||||||||
- | - | - | - | - | - | - | -128 | -1,145 |
Changes in accounts payable and accrued expenses | ||||||||
5,184 | 6,882 | -327 | 3,312 | -1,029 | -3,201 | 498 | 4,097 | 860 |
Other | ||||||||
11,962 | 15,720 | 5,604 | 12,983 | 7,184 | 2,493 | 960 | 259 | 81 |
Net cash provided by (used in) operating activities | ||||||||
29,489 | 58,793 | 11,717 | 56,855 | 18,519 | 5,123 | -10,752 | 9,735 | 1,532 |
Cash flows from investing activities | ||||||||
Equity method investments | ||||||||
152,096 | 76,349 | 232,811 | 60,774 | 200,271 | 144,770 | - | - | - |
Investments in equity method affiliate, net | ||||||||
- | - | - | - | - | - | - | 3,337 | 5,120 |
Equity method investment distributions received | ||||||||
71,183 | 88,160 | 75,114 | 48,870 | 25,307 | 867 | - | 14,294 | - |
Proceeds from sales of equity method investments | ||||||||
81,297 | 35,849 | 6,044 | 0 | - | - | - | - | - |
Purchases of and investments in receivables | ||||||||
497,866 | 292,834 | 111,161 | 300,511 | 289,906 | 227,075 | 155,992 | 103,284 | 7,168 |
Principal collections from receivables | ||||||||
57,670 | 345,956 | 98,482 | 116,432 | 70,093 | 67,815 | 68,537 | - | - |
Proceeds from sales of receivables | ||||||||
134,932 | 0 | 78,857 | 39,978 | 92,456 | 30,433 | - | - | - |
Acquisition of businesses, net of cash | ||||||||
- | - | - | - | - | 125,925 | - | - | - |
Principal collections from financing receivables | ||||||||
- | - | - | - | - | - | - | 51,478 | 22,602 |
Purchases of real estate | ||||||||
0 | 27,549 | 170,982 | 17,693 | 42,913 | 27,624 | - | - | - |
Purchases of investments | ||||||||
45,830 | 25,308 | 22,115 | 31,335 | 33,648 | 7,753 | 92,522 | 254 | 1,011 |
Principal collections from investments | ||||||||
6,626 | 5,252 | 3,733 | 1,768 | 8,919 | 1,784 | 558 | -760 | -1,009 |
Proceeds from sales of investments and securitization assets | ||||||||
139,230 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sales of investments | ||||||||
- | - | - | 13,914 | 21,995 | 75,179 | - | - | - |
Funding of escrow accounts | ||||||||
28,953 | 34,980 | 37,613 | 0 | - | - | - | - | - |
Withdrawal from escrow accounts | ||||||||
30,707 | 33,108 | 15,986 | 0 | - | - | - | - | - |
Purchase of property and equipment | ||||||||
- | - | - | - | - | - | - | 217 | 52 |
Proceeds from affiliate | ||||||||
- | - | - | - | - | - | - | 65 | -8 |
Change in restricted cash | ||||||||
- | - | - | - | - | - | 49,810 | -265 | 2,051 |
Other | ||||||||
-1,959 | 505 | 1,414 | 1,280 | 1,078 | 134 | 65 | - | - |
Net cash provided by (used in) investing activities | ||||||||
-201,141 | 50,800 | -297,880 | -190,631 | -349,046 | -357,203 | -229,294 | -40,230 | 8,201 |
Cash flows from financing activities | ||||||||
Proceeds from nonrecourse debt | ||||||||
- | - | - | - | - | - | - | 104,224 | 7,399 |
Principal payments on nonrecourse debt | ||||||||
- | - | - | - | - | - | - | 52,118 | 23,111 |
Proceeds from credit facilities | ||||||||
101,500 | 171,783 | 302,612 | 307,900 | 308,086 | 310,501 | 131,000 | - | 4,000 |
Principal payments on credit facilities | ||||||||
328,465 | 46,604 | 515,777 | 271,968 | 376,455 | 72,100 | 57,974 | -2,296 | -1,441 |
Proceeds from issuance of non-recourse debt | ||||||||
130,988 | 69,255 | 609,332 | 97,660 | 405,765 | 115,316 | 129,122 | - | - |
Principal payments on non-recourse debt | ||||||||
206,705 | 390,537 | 79,459 | 69,097 | 46,602 | 55,570 | 65,231 | - | - |
Proceeds from issuance of senior unsecured notes | ||||||||
507,313 | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuance of convertible notes | ||||||||
0 | 0 | 150,000 | 0 | - | - | - | - | - |
Payments on deferred funding obligations | ||||||||
18,791 | 73,946 | 124,785 | 65,741 | 82,838 | 67,354 | 16,874 | - | - |
Net proceeds of common stock issuances | ||||||||
138,383 | 187,265 | 96,899 | 177,294 | 180,486 | 129,351 | 160,031 | - | - |
Payments of dividends and distributions | ||||||||
86,406 | 70,989 | 68,234 | 49,481 | 31,591 | 13,864 | 7,128 | - | - |
Other | ||||||||
-18,932 | -14,644 | -25,392 | -12,863 | -17,250 | -5,769 | -9,078 | - | - |
Net cash provided by (used in) financing activities | ||||||||
218,885 | -168,417 | 345,196 | 113,704 | 339,601 | 340,511 | 263,868 | 49,810 | -13,380 |
Increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||
47,233 | -58,824 | 59,033 | -20,072 | 9,074 | -11,569 | 23,822 | 19,315 | -3,647 |
Distributions on Series A Participating Preferred Units | ||||||||
- | - | - | - | - | - | - | - | 227 |
Interest paid | ||||||||
48,056 | 72,078 | 48,865 | 37,858 | 24,111 | 13,213 | 8,864 | 9,201 | 9,737 |
Non-cash changes in deferred funding obligations and non-recourse debt (financing activity) | ||||||||
-112,027 | -6,973 | 101,324 | 127,630 | 103,049 | 80,852 | - | - | - |
Non-cash changes in non-recourse debt (financing activity) | ||||||||
- | - | - | 0 | - | - | - | - | - |
Non-cash changes in receivables and investments (investing activity) | ||||||||
93,730 | -248 | -85,933 | -142,551 | -85,457 | -33,949 | - | - | - |
Non-cash changes in residual assets (investing activity) | ||||||||
-61,001 | -25,827 | -28,777 | -10,912 | -3,873 | - | - | - | - |