JMP GROUP LLC JMP Cash Flow

Jmp group llc (JMP)

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
Cash flows from operating activities:
Net (loss) income
-11,839	-6,372	-4,128	-1,195	5,139	622	1,111	-1,209	-1,747	-573	-455	-8,200	-4,143	1,296	1,602	1,332	3,232	539	-1,194	7,501	-55	17,085	-3,085	9,912	-1,929
Adjustments to reconcile net loss (income) to net cash used in operating activities:
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-2	0	0	-5	-	-	-	-
Provision for loan losses
-	-	-	-	-	925	1,454	1,280	1,465	875	368	1,854	1,266	606	-104	453	631	1,015	563	-545	57	-1,229	956	212	497
Accretion of deferred loan fees
-	-	-	-	-	-	-	-	-	-	-	-	-	1,127	409	455	360	375	464	701	287	268	371	212	351
Amortization of liquidity discount, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-38	-37	-35	-36	-34	-33	-32	-32	-31	-30	-30	-28
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	105	106	105	117	318	0	0	105	103	106	105	85
Amortization of original issue discount, related to CLO II, CLO III, and CLO IV
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-611	-605	-598	-	-371	-363	-357	-352	-232	-228	-224
Interest paid in kind
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-53	-	-	-	-	-	-	-	-
Loss on sale and payoff of loans and mark-to-market of loans
-	-	-	-	-	-356	556	150	182	411	-278	97	-1,027	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid in kind
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-49	-48	-	-	-	-
(Gain) loss on sale and payoff of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-376	-	30	-1,132	-578	-309	-12	-551	380
Gain on repurchase of bonds payable and asset-backed securities issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87	-	-	-	-	-	-	-	-
Gain on repurchase, reissuance or early retirement of debt
697	-	-	-	-	0	-170	-42	-2,626	-565	-210	-5,542	210	-	-	-	-	-	-	-	-	-	-	-	-
Change in other investments:
(Income) loss from investments in equity method investees
297	252	684	667	-46	532	114	1,634	-2,021	-1,732	-2,498	-1,440	-690	2,438	473	-994	283	641	-1,340	143	715	-	-	-	-
Unrealized gain on other investments
-	-	-	-	-	493	43	454	-318	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on other investments
292	-	-	-	1,192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on other investments
-	-	-	-	-	-	-	81	-278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized loss on other investments
-	-	-	-	-	-	-	-	-	-472	-335	-10	371	22	615	7,347	19	-208	954	1,351	1,298	75	-11	700	-9
Depreciation and amortization
435	343	888	-1,399	1,827	415	587	229	251	243	523	278	278	312	312	324	332	346	390	215	226	242	235	227	227
Share-based compensation expense
432	404	533	595	462	414	357	330	448	796	855	524	780	1,562	1,652	1,305	1,242	2,068	1,890	2,360	2,027	2,486	2,484	2,502	1,959
Gain on deconsolidation
-	0	0	0	3,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value on other equity investments
-	-	-	-	-	-	-	-	-	-	-	1,423	-1,462	758	-445	-1,471	97	3,226	-27	-514	888	17,162	-2,386	8,708	-4,201
Incentive fees reinvested in general partnership interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,997	-1,507	-34	-76	-4,222	-3,832	-7,888	-1,921
Distributions of investment income from equity method investments
256	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-6	179	-199	-18	-76	0	0	-375	79	-86	0	0	-90	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,769	2,996	1,480	-	1,190	107	-1,029	-8,826	-4,427	-5,363	1,159
Net change in operating assets and liabilities:
Decrease (increase) in interest receivable
-110	130	-14	75	4,838	-42	475	132	180	208	162	-660	-880	426	-337	-241	-39	284	873	-300	-122	571	219	76	-25
Decrease in receivables
-3,309	-	-	-	-1,039	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in receivables
-	-	-	-	-	-	-	9,682	-1,413	-18,443	16,925	3,755	1,739	-	-	-	-	-	-	-	-	-	-	-	-
Increase in receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,915	-	-9,264	-1,633	6,036	2,845	-4,419	-15,760	15,485
Decrease in marketable securities
-18,828	-6,488	1,138	-7,218	-3,563	-1,320	-1,261	1,815	-1,185	-1,190	782	675	1,836	-2,831	-6,338	453	-1,055	-6,219	-24,108	21,868	7,486	-6,164	-1,212	5,337	2,210
Decrease (increase) in restricted cash (excluding restricted cash reserved for lending activities)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-337	-	201	-6,047	4,480	-641	-5,222	9,961	581
Increase in other assets
5,940	-702	-2,337	4,540	7,978	799	-1,386	-4,474	-1,077	1,437	-1,605	-9,003	9,894	6,091	-3,535	-588	-4,586	1,282	730	1,037	-12,281	12,828	-2,702	26,737	-19,428
Decrease in marketable securities sold, but not yet purchased
-1,896	1,018	113	28	-1,930	-978	-26	-650	-1,639	-13,082	15,231	564	459	-4,139	-4,883	396	89	-1,318	969	-4,044	2,629	-3,414	-6,207	10,163	757
Increase (decrease) in interest payable
191	-29	-604	118	-3,548	839	1,517	2,811	-469	-1,045	3,834	-2,046	-548	356	143	7	434	122	160	-2,507	2,034	2,113	29	160	499
Decrease in accrued compensation
-24,661	12,386	4,195	8,025	-35,695	8,238	8,082	15,225	-33,067	14,846	9,546	10,219	-27,638	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in other liabilities
-1,188	-1,912	-1,056	4,780	3,171	-450	-497	-1,071	3,535	-6,596	-1,826	-2,404	3,120	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accrued compensation and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	7,902	5,004	7,299	-24,201	-1,290	-2,450	21,720	-50,116	15,420	4,178	22,462	-34,242
Net cash used in operating activities
-23,243	11,537	711	12,239	-43,378	14,692	22,149	8,188	-22,382	15,897	14,033	11,688	-38,381	3,786	9,951	10,604	-15,463	7,494	29,406	9,367	-50,077	14,052	14,763	8,004	-30,375
Cash flows from investing activities:
Purchases of fixed assets
266	47	437	267	637	276	297	469	111	137	104	69	31	169	42	211	72	96	1,561	980	236	188	553	177	154
Purchases of other investments
39	66	2,908	8,786	844	396	306	225	994	4,328	506	538	990	1,452	1,611	1,713	2,779	15,040	480	-689	7,896	6,370	17,104	3,022	23,282
Sales or distributions from other investments
13,694	-214	291	2,052	8,312	93	2,777	10,404	768	2,129	1,224	4,464	6,612	7,091	14,181	13,616	11,694	23,106	5,844	8,678	9,324	14,831	13,438	4,416	19,941
Funding of loans collateralizing asset-backed securities issued
-	0	0	0	35,153	127,012	114,784	120,382	72,642	-106,874	104,010	460,299	50,122	119,020	70,423	62,982	52,181	47,482	107,716	193,107	-56,645	1,140,518	-184,621	-154,378	-127,933
Funding of small business loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319
Funding of loans held for investment
-	0	92	485	25,102	27,785	86,738	162,106	63,245	68,458	13,258	256	0	0	0	0	0	30	0	703	-93	-	-	-	-
Sale, payoff and principal receipts of loans collateralizing asset-backed securities issued
-	0	0	0	23,806	130,922	95,824	89,506	82,909	-116,974	106,017	272,061	128,471	239,648	136,710	89,007	53,698	57,241	86,160	109,001	37,318	79,362	66,448	95,267	60,569
Principal receipts on loans collateralizing asset-backed securities issued
-	-	-	-	-	-	-	-	-	-	-	-	-	16,055	14,315	21,799	15,861	6,355	17,697	20,089	26,246	7,378	15,562	26,245	11,570
Sale, payoff and principal receipts on loans held for investment
34	730	191	144	6,876	2,790	4,620	20,675	1,431	1,726	-32,976	33,951	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and restricted cash due to deconsolidation of subsidiaries
-	0	0	0	27,771	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in restricted cash reserved for lending activities
-	-	-	-	-	-	-	-	-	-	-	-	-	103,833	48,601	17,610	6,090	-9,145	-31,578	41,323	952	-133,122	111,776	7,431	6,940
Net changes in cash collateral posted for derivative transactions
-	-	-	-	-	-	-	-	-	0	-1,540	-24,400	940	-240	0	0	240	-	-	-	-	-	-	-	-
Cash and cash equivalents derecognized due to adoption of new consolidation guidance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	260	-	-	-	-
Net cash provided by (used in) investing activities
13,423	362	-2,955	-7,342	-50,513	-21,664	-98,904	-162,597	-51,884	-78,138	-8,122	-127,254	83,000	38,782	44,575	41,912	19,891	33,251	31,617	-9,273	6,992	21,270	-218,839	-39,489	-66,548
Cash flows from financing activities:
Proceeds from issuance of Repurchase Agreement
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from CLO III warehouse
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	189,191	13,772	1,041	3,389
Proceeds from drawdowns on CLO warehouse facilities
-	0	0	8,833	7,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,000	0	15,000
Repayment of note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,895
Proceeds from issuance of repurchase agreement
-	-	-	-	-	0	0	0	3,878	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of note payable to affiliate
-	-	-	-	-	0	0	0	829	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	0	40	20	1,837	1,964	0	0	0	-	-	-	-	-	-	-	-	0	33	0	1,707
Redemption/repurchase of bonds payable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	385	-	-	-	-	-	-	-	-
Repayment of asset-backed securities issued
-	0	0	0	801	279	0	0	332,100	0	0	297,415	206,202	32,208	32,068	30,700	11,824	25,741	28,038	7,975	6,448	13,064	25,826	3,632	3,139
Repurchase of bonds payable
1,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of issuance from asset-backed securities issued
-	-	-	-	-	0	371,502	-41	327,646	0	0	408,394	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions and distribution equivalents paid on common shares and RSUs
-	840	773	843	1,070	1,968	1,931	1,937	2,038	1,932	1,935	1,949	1,954	2,126	1,914	1,706	2,616	2,836	3,349	2,434	1,563	1,591	1,374	2,180	8
Capital contributions of nonredeemable non-controlling interest holders
-	-	-	-	-	0	0	4	445	0	0	0	92	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercises of share options
-	-	-	-	-	-	-	-	-	69	244	16	889	-	-	-	-	-	-	-	-	0	0	0	48,300
Proceeds from exercises of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,629	2,629	-	-	-	-	-	-	-	-
Purchase of common shares for treasury
-	1	0	7,945	669	941	784	481	1,044	424	1,258	402	0	-	-	-	-	-	-	-	-	9,803	533	1,333	33
Distributions to non-controlling interest shareholders
-	64	0	0	913	887	878	541	108	809	797	1,031	2,040	1,129	1,690	2,554	1,704	1,951	2,244	3,950	934	143	181	2,272	579
Employee taxes paid on shares withheld for tax-withholding purposes
26	370	0	100	84	-	-	-	-	1,171	123	0	184	2,109	0	0	0	-	-	-	-	-	-	-	-
Cash settlement of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	48
Cash settlement of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	48
Sale of subsidiary shares to non-controlling interest holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	31,320	0	-6,000
Excess tax benefit related to share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	5	-	-	-	-
Net cash (used in) provided by financing activities
-1,375	-10,223	-2,637	6,095	4,213	18,051	101,389	133,227	55,222	50,105	3,131	107,613	-209,399	-45,744	-35,830	-36,365	-19,158	-34,776	-33,952	-13,920	-8,940	-21,695	242,208	39,412	72,693
Net decrease in cash, cash equivalents, and restricted cash
-11,195	1,676	-4,881	10,992	-89,678	11,079	24,634	-21,182	-19,044	-12,136	9,042	-7,953	-164,780	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,176	18,696	16,151	-14,730	5,969	27,071	-13,826	-52,025	13,627	38,132	7,927	-24,230
Supplemental disclosures of cash flow information:
Cash paid during the period for interest
1,680	1,845	2,534	1,821	14,321	13,588	12,272	8,823	10,171	13,412	1,664	9,789	8,643	-	-	-	7,317	-	-	-	4,557	3,834	5,258	5,231	3,983
Cash paid (received) during the period for taxes, net of refunds
-7	-	-	-	89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for taxes
-	-	-	-	-	-	-	-	-	1,267	-336	1,487	2	-	-	-	0	-	-	-	-	-2,885	0	4,655	4,784
Non-cash investing and financing activities:
Reissuance of common shares from treasury related to vesting of restricted share units
200	1,240	100	497	357	1,291	94	210	83	3,245	700	86	1,368	5,021	138	77	45	7,688	135	81	81	6,870	75	375	142
Distributions declared but not yet paid
-	-	-	-	640	-3	-3	0	646	8	-4	-2	650	11	0	-221	849	1	65	42	743	-	-	-	-
Acquisition of equity securities in restructuring of loans
-	477	0	0	259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
-	0	0	0	23,604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use liabilities
-	0	0	0	29,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Carrying value of noncash assets derecognized on deconsolidation of subsidiaries
-	0	0	0	1,226,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Carrying value of noncash liabilities derecognized on deconsolidation of subsidiaries
-	0	0	0	1,161,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Carrying value of non-controlling interest derecognized on deconsolidation of subsidiaries
-	0	0	0	12,842	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of marketable securities recognized on deconsolidation of subsidiaries
-	0	0	0	76,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of other investments recognized on deconsolidation of subsidiaries
-	0	0	0	7,516	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of investments in hedge funds
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
CNB [Member]
Proceeds from drawdowns on line of credit
-	-	-	-	-	-	-	10,000	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BNP Paribas [Member]
Proceeds from drawdowns on line of credit
-	-	-	-	-	22,500	86,500	125,700	51,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-