Kkr real estate finance trust inc. (KREF)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash Flows From Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-34,572

24,513

23,855

17,349

24,248

21,428

20,972

23,982

23,425

17,179

17,863

14,404

10,633

11,676

10,313

9,157

1,126

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Amortization of deferred debt issuance costs and discounts

5,388

4,290

3,979

4,119

4,377

4,252

1,896

1,878

564

1,411

661

635

435

1,035

327

305

377

Accretion of net deferred loan fees and discounts

4,333

-

-

-

6,464

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Debt Discount (Premium)

-

-

-

-

-

-3,318

-4,029

-1,815

-1,362

-1,287

-999

-769

-533

-526

-217

-140

-138

Interest paid-in-kind

-

-

-

-

-

-

-

-

-

0

220

326

318

323

321

475

680

Change in non-cash net assets of consolidated variable interest entities

0

0

-2,330

2,176

154

420

205

7,316

-5,377

78

-887

-1,068

-1,498

-2,389

-3,086

-2,682

4,794

(Income) Loss from equity method investments

-2,789

431

402

119

468

-678

747

789

548

414

129

316

16

-

-

-

-

Provision for credit losses, net

55,274

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,607

1,016

1,041

1,043

991

783

295

-123

1,018

25

25

15

0

-

-

-

-

(Income) from equity investment in unconsolidated subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in operating assets and liabilities:
Accrued interest receivable, net

958

-1,624

1,436

851

-724

3,784

975

1,758

397

1,497

1,664

1,043

1,249

1,185

24

107

331

Other assets

687

-88

-1,368

1,605

-470

1,128

-292

969

-97

-371

-314

-3,133

1,026

-211

-1,242

-3,331

-42

Accrued interest payable

827

-2,761

3,620

-2,708

1,019

1,140

2,460

1,777

516

515

775

-409

149

202

211

34

7

Accounts payable, accrued expenses and other liabilities

1,895

578

-257

-745

546

1,919

843

-471

495

-528

-1,334

-2,557

2,561

-1,864

-807

-2,980

-26

Due to affiliates

146

184

-23

-8

14

-2,989

2,151

-33

-360

406

520

3,254

-1,466

310

141

-122

-727

Net cash provided by (used in) operating activities

27,376

23,468

28,064

14,570

25,611

19,401

23,363

15,995

18,071

97,726

-66,550

14,953

7,672

6,862

7,779

6,321

4,444

Cash Flows From Investing Activities
Proceeds from Principal Repayments on Loans and Leases Held-for-investment

179,553

765,378

201,397

406,303

561,815

127,340

264,936

14,503

39,557

76,032

16,883

1,685

0

2,196

2,831

1,564

812

Payments to Acquire Loans Held-for-investment

334,146

613,852

466,185

1,461,234

323,539

845,497

692,698

584,200

418,290

281,420

503,727

181,912

234,719

66,996

316,765

59,301

5,282

Investment in commercial mortgage-backed securities, equity method investee

0

0

0

4,475

1,770

5,841

1,770

4,000

4,000

6,000

3,988

23,600

0

-

-

-

-

Proceeds from commercial mortgage-backed securities, equity method investee

-

-

-

-

-

-

396

279

482

191

0

19,588

0

-

-

-

-

Purchases of commercial mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

36,351

Investment in preferred interest in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,240

Purchases of other capitalized assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

24

49

382

Net cash provided by (used in) investing activities

-154,593

151,590

-255,004

-1,059,406

236,506

-725,155

-429,136

-460,671

-382,251

-272,188

-453,522

-123,248

-234,719

-33,261

-313,958

-57,786

-51,443

Cash Flows From Financing Activities
Proceeds from borrowings under secured financing agreements

805,967

472,100

446,161

1,963,890

335,708

703,415

799,786

490,189

317,750

207,750

578,447

51,000

147,000

246,703

234,705

39,000

0

Proceeds from issuances of common stock

-

-

-

-

-

-

-

-

-

0

-1

433,533

147,723

0

110,000

60,004

40,000

Proceeds from noncontrolling interest contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

2,048

Payments of common stock dividends

24,719

24,693

24,687

24,675

24,899

24,949

22,804

21,230

19,864

19,864

13,428

8,832

8,455

5,556

5,411

5,312

5,629

Payments of preferred stock dividends

303

93

115

113

271

159

87

140

0

-

-

-

-

-

-

-

-

Principal repayments on borrowings under secured financing agreements

324,825

624,005

301,554

934,595

424,665

863,786

313,656

137,370

0

-

-

-

-

-

-

-

-

Payments of Debt Issuance Costs

2,206

5,149

743

4,910

1,258

16,716

3,636

5,677

389

361

502

2,258

291

2,856

786

98

912

Payments of stock issuance costs

157

116

337

84

717

187

1,137

0

0

0

3,287

642

969

1,285

124

2,724

72

Payments to Noncontrolling Interests

-

-

-

-

-

-

0

1,358

1,795

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

23,252

0

0

0

4,106

17,707

184

1,538

11,918

0

523

0

0

-

-

-

-

Tax withholding on stock-based compensation

1,040

0

0

385

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

429,465

-181,956

118,725

999,128

-120,208

599,514

557,782

462,314

283,784

187,406

552,735

12,084

284,825

58,237

316,290

90,725

35,350

Net Increase (Decrease) in Cash, Cash Equivalents

302,248

-6,898

-108,215

-45,708

141,909

-106,240

152,009

17,638

-80,396

12,944

32,663

-96,211

57,778

31,838

10,111

39,260

-11,649

Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest

33,376

40,156

38,541

36,625

30,834

25,614

18,161

14,177

8,823

7,206

3,791

3,014

3,311

2,831

1,089

859

767

Cash paid during the period for income taxes

0

34

28

209

127

1

80

576

98

554

185

64

3

61

0

100

360

Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividend declared, not yet paid

24,204

64

57

65

24,850

-138

2,210

1,567

21,458

-11

6,564

13,415

13

0

0

-4

4

Deferred financing costs, not yet paid

86

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Loan Participations Sold, Net (Note 7)

-

-

-

-

-

-

-1,886

0

0

-

-

-

-

-

-

-

-

Payoff of loan participations sold and commercial mortgage loans, held-for-investment

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Deferred issuance costs, not yet paid

101

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of commercial loans, held for investment

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Funding of commercial loans, held-for-investment

-

-

-

-

-

-

1,886

0

0

-

-

-

-

-

-

-

-

Consolidation of variable interest entities (incremental assets and liabilities)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

940,806