| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net (loss) income | |||||||||
3,853 | -31,490 | 6,012 | 2,571 | 156,568 | -7,268 | 44,820 | 63,765 | 81,277 | 46,446 |
Net income from discontinued operations | |||||||||
- | - | - | 0 | 86,257 | 10,304 | 6,446 | 20,029 | - | - |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||
Net investment gains | |||||||||
- | - | - | 0 | 32,267 | 921 | 1,071 | 15,722 | -4,352 | 24,050 |
Provision for loan losses | |||||||||
43,373 | 19,058 | 5,639 | 774 | -50 | -50 | - | - | - | - |
Provision for loan losses | |||||||||
- | - | - | - | - | - | - | - | 8 | -420 |
Recovery of loan losses | |||||||||
- | - | - | - | - | - | 80 | 415 | - | - |
Loss (income) of associated companies, net of taxes | |||||||||
-8,043 | -9,509 | 16,888 | 4,085 | -31,777 | -18,557 | 27,786 | 14,204 | -13,823 | 10,305 |
Realized and unrealized (gains) losses on securities, net | |||||||||
47,315 | -62,586 | 790 | - | - | - | - | - | - | - |
Derivative gains on economic interests in loans | |||||||||
14,801 | 14,757 | 8,902 | - | - | - | - | - | - | - |
Income from other investments - related party | |||||||||
- | - | - | - | - | - | -271 | -8,329 | -15,743 | -3,220 |
Loss (income) from investments held at fair value | |||||||||
- | - | - | - | - | - | 811 | 18,967 | -183 | -411 |
Gain on asset dispositions | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Gain on sale of discontinued operations | |||||||||
- | - | - | - | - | - | - | - | 971 | 31,292 |
Long-term interest on related party debt | |||||||||
- | - | - | - | - | - | - | - | - | 4,275 |
Deferred income taxes | |||||||||
-13,038 | -3,147 | -86,928 | -13,059 | -8,259 | -12,289 | -5,653 | -11,439 | -16,340 | -46 |
Income tax provision (benefit) from changes in deferred tax valuation allowance | |||||||||
- | - | 48,598 | 1,327 | 111,881 | 45 | 7,236 | 5,500 | 82,731 | 0 |
Non-cash interest and dividend income | |||||||||
- | - | - | - | - | - | - | - | - | 1,876 |
Non-cash income from derivatives | |||||||||
- | - | - | - | - | - | - | 1,379 | 811 | 0 |
Accrued interest not paid in cash | |||||||||
- | - | - | - | - | - | - | 125 | 1,802 | 0 |
Depreciation and amortization | |||||||||
72,266 | 80,323 | 71,936 | 70,546 | 48,560 | 38,438 | 30,990 | 24,750 | 20,738 | 13,427 |
Non-cash lease expense | |||||||||
11,177 | - | - | - | - | - | - | - | - | - |
Amortization of debt related costs | |||||||||
- | - | - | - | - | - | - | 2,551 | 2,216 | 1,226 |
Reclassification of net cash settlements on derivative instruments | |||||||||
- | - | - | - | - | - | -2,346 | -193 | 1,047 | 5,124 |
Equity-based compensation | |||||||||
779 | 644 | 11,477 | 3,844 | 9,203 | 8,470 | 34,282 | 7,452 | 4,509 | 528 |
Loss on extinguishment of debt | |||||||||
- | - | -673 | 0 | 0 | - | - | 0 | 189 | -1,210 |
Goodwill impairment charges | |||||||||
41,853 | 0 | - | 24,254 | 19,571 | 41,450 | 0 | 0 | - | - |
Asset impairment charges | |||||||||
30,506 | 8,108 | 2,028 | 18,668 | 68,092 | 2,537 | 2,689 | 1,602 | 1,505 | 0 |
Bargain purchase gain | |||||||||
- | - | - | - | - | - | - | - | 8,978 | 0 |
Other | |||||||||
-2,593 | -4,466 | -7,291 | 4,052 | 11,899 | 127 | -1,199 | -2,199 | 814 | 1,268 |
Net change in operating assets and liabilities: | |||||||||
Trade and other receivables | |||||||||
-20,694 | 19,625 | 22,842 | 11,747 | -17,167 | 3,268 | -8,672 | -13,190 | 9,799 | -27,400 |
Receivables from related parties | |||||||||
- | - | - | - | - | - | - | -428 | -1,347 | 0 |
Inventories | |||||||||
9,491 | 7,415 | 21,683 | -7,676 | -12,534 | 4,697 | -2,812 | 458 | -380 | -8,194 |
Dividends and interest receivable | |||||||||
- | - | - | - | - | - | - | - | - | -1,379 |
Prepaid expenses and other assets | |||||||||
-2,751 | 7,851 | -4,281 | 8,246 | 666 | -2,807 | 1,631 | -1,642 | -676 | 1,350 |
Accounts payable, accrued and other liabilities | |||||||||
-30,706 | -2,582 | -36,251 | 4,642 | -21,591 | -21,172 | -25,107 | -15,220 | -30,137 | -6,779 |
Payable to related parties | |||||||||
- | - | - | - | - | - | - | -3,745 | 660 | 606 |
Increase in deferred fee liability to related party | |||||||||
- | - | - | - | - | - | - | 11,448 | -6,107 | 6,268 |
Dividends and interest payable | |||||||||
- | - | - | - | - | - | - | - | - | -319 |
Increase in deferred fee liability to related party | |||||||||
- | - | - | - | - | - | - | - | - | 6,268 |
Net decrease in loans held for sale | |||||||||
36,870 | 51,370 | 56,081 | -78,900 | 118,706 | 17,251 | -26,379 | 20,142 | 18,460 | 3,499 |
Net cash provided by operating activities - continuing operations | |||||||||
- | - | - | 195,477 | -11,586 | 59,445 | 85,253 | 32,696 | - | - |
Net cash used in operating activities - discontinued operations | |||||||||
- | - | - | 0 | -2,254 | 18,588 | 9,699 | 32,802 | -2,121 | 8,059 |
Total cash provided by operating activities | |||||||||
111,743 | 52,751 | -15,770 | 195,477 | -13,840 | 78,033 | 94,952 | 65,498 | 5,488 | 46,661 |
Cash flows from investing activities: | |||||||||
Purchases of investments | |||||||||
90,815 | 149,505 | 56,160 | 27,503 | 44,304 | 111,648 | 226,548 | 201,587 | 187,459 | 359,575 |
Proceeds from sales of investments | |||||||||
31,576 | 50,300 | 10,978 | 83,457 | 86,559 | 120,235 | 104,545 | 263,334 | 46,220 | 501,067 |
Proceeds from maturities of investments | |||||||||
92,049 | 42,936 | 18,492 | 5,687 | 368 | 4,354 | 146,491 | 0 | 0 | 2,054 |
Loan originations, net of collections | |||||||||
205,874 | 203,885 | 66,177 | 26,895 | -2,168 | 25,805 | 34,619 | 3,796 | -2,447 | -3,616 |
Proceeds from maturities of investments | |||||||||
- | - | - | - | - | - | - | - | 851 | 0 |
Purchases of property, plant and equipment | |||||||||
43,024 | 47,085 | 54,737 | 34,183 | 23,252 | 28,769 | 20,885 | 30,569 | 20,712 | 7,296 |
Reclassification of restricted cash | |||||||||
- | - | - | -8,999 | -66 | -3,780 | 1,554 | 1,006 | -119,962 | 19,493 |
Settlements of short positions, net | |||||||||
14,611 | 3,100 | - | - | - | 24,429 | 0 | 0 | - | - |
Net cash settlements on derivative instruments | |||||||||
- | - | - | - | - | - | -2,346 | -193 | 1,047 | 5,124 |
Proceeds from sales of assets | |||||||||
1,293 | 5,909 | 14,991 | 32,247 | 10,657 | 2,457 | 1,081 | 7,731 | 1,648 | 457 |
Acquisitions | |||||||||
45,559 | 62,683 | 2,008 | 200,137 | 116,135 | 517 | 130,528 | -29,941 | 35,751 | -2,115 |
Other | |||||||||
0 | -684 | 7 | -266 | -477 | 1,903 | -617 | 666 | 388 | 0 |
Investments in associated companies | |||||||||
- | - | 35,000 | 2,440 | 7,607 | 1,643 | 36,018 | 16,628 | 23,072 | 51,675 |
Proceeds from divestitures | |||||||||
- | - | - | 0 | 155,517 | 3,732 | 45,334 | 33,505 | 26,532 | 64,693 |
Net cash used in investing activities - discontinued operations | |||||||||
- | - | - | 0 | 25 | -2,902 | -4,584 | -5,687 | -1,466 | 1,520 |
Net cash used in investing activities | |||||||||
-274,965 | -366,429 | -169,628 | -160,502 | 64,539 | -63,058 | -154,322 | 74,765 | -81,062 | 118,225 |
Cash flows from financing activities: | |||||||||
Net revolver borrowings | |||||||||
64,712 | - | - | - | - | - | - | - | - | - |
Net revolver borrowings | |||||||||
- | 65,315 | 67,864 | - | - | - | - | - | - | - |
Common unit cash distributions | |||||||||
- | - | - | - | - | - | - | - | 29,868 | 49,102 |
Net (repayments) borrowings of term loans | |||||||||
- | - | - | 9,217 | 4,566 | 52,600 | 105,000 | 116,838 | 67,981 | 46,000 |
Repurchases of Subordinated Notes | |||||||||
- | - | - | - | - | - | 11,323 | 10,847 | 0 | 0 |
Net revolver borrowings (repayments) | |||||||||
- | - | - | 146,648 | -66,368 | 196,212 | 30,950 | -23,849 | -18,785 | 11,136 |
Repayments of term loans | |||||||||
- | - | - | - | - | - | - | 0 | 707 | 1,970 |
Net repayments of term loans | |||||||||
7,304 | 604 | 47,993 | 8,299 | 38,519 | 182,080 | 27,158 | 95,833 | 26,874 | 86,018 |
Net repayments of term loans - foreign | |||||||||
- | - | 979 | - | - | - | - | - | - | - |
Net repayments of term loans foreign | |||||||||
- | - | - | -315 | 240 | 315 | -424 | 454 | 0 | 0 |
Repayments of term loans - related party | |||||||||
- | - | - | - | - | - | - | - | - | 5,563 |
Return of capital paid to noncontrolling interest holders | |||||||||
- | - | - | - | - | - | - | -10,316 | 0 | 0 |
Subsidiaries' purchases of the Company's common units | |||||||||
- | - | - | 0 | 17,323 | 7,921 | 15,690 | 15,082 | - | - |
Proceeds from equipment lease financing | |||||||||
0 | 1,707 | 6,688 | 0 | 0 | - | - | - | - | - |
Purchases of the Company's common units | |||||||||
6,721 | 21,202 | 5,188 | 7,297 | 1,917 | 51,465 | 106 | 0 | 0 | - |
Subsidiaries' purchases of their common stock | |||||||||
- | - | - | 20,956 | 17,031 | 78,488 | 50,144 | 2,776 | 0 | 0 |
Purchase of subsidiary shares from noncontrolling interests | |||||||||
0 | 18,068 | 2,086 | 0 | 93 | 3,045 | 917 | 5,452 | 8,827 | 14,134 |
Deferred finance charges | |||||||||
815 | 1,280 | 5,663 | 747 | 477 | 3,175 | 2,139 | 2,743 | 2,395 | 3,842 |
Common unit dividend payment | |||||||||
- | - | 3,923 | 0 | 0 | - | - | - | - | - |
Net change in overdrafts | |||||||||
- | - | - | - | - | - | - | -1,365 | 95 | 2,088 |
Net decrease in deposits | |||||||||
43,406 | 200,311 | 145,395 | 113,432 | 87,312 | 46,654 | 39,567 | -16,273 | 33,189 | 11,604 |
Other | |||||||||
0 | 442 | 1,774 | -1,112 | -3,495 | 726 | 927 | -3,380 | -225 | 0 |
Repayment of debt of discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 22,772 |
Net cash provided by financing activities - discontinued operations | |||||||||
- | - | - | - | - | - | -3,093 | 1,093 | -219 | 0 |
Net cash provided by (used in) financing activities | |||||||||
-36,146 | 226,621 | 155,889 | 230,571 | -53,105 | -29,667 | 65,450 | -69,531 | 22,192 | -98,439 |
Net change for the period | |||||||||
-199,368 | -87,057 | -29,509 | - | - | - | - | - | - | - |
Net change for the period | |||||||||
- | - | - | 265,546 | -2,406 | -14,692 | 6,080 | - | - | - |
Net change for the period | |||||||||
- | - | - | - | - | - | - | 70,732 | -53,382 | 66,447 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
398 | -9 | 1,125 | -1,270 | -725 | -305 | -127 | 268 | -275 | -10 |
Interest | |||||||||
- | - | - | - | - | - | - | 13,185 | 13,591 | 17,067 |
Taxes | |||||||||
- | - | - | - | - | - | - | 6,611 | 5,053 | 4,026 |
Reclassification of investment in associated company to cost of an acquisition | |||||||||
- | - | - | - | - | - | - | 137,532 | 34,066 | 26,084 |
Reclassification of available-for-sale securities to equity method investment | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Securities received in exchange for financial instrument obligations | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Securities delivered in exchange for settlement of financial instrument obligations | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Purchase of available-for-sale securities with funds on deposit | |||||||||
- | - | - | - | - | - | - | - | - | -5,932 |
Net increase in restricted cash from purchase of foreign currency financial instruments | |||||||||
- | - | - | - | - | - | - | -1,006 | 114,087 | 137,823 |
Net transfers between loans and other assets | |||||||||
- | - | - | - | - | - | - | 0 | 569 | -1,157 |
Reclassification from loans to other non-current assets | |||||||||
- | - | - | - | - | - | - | - | - | -2,729 |
Purchase of equipment through capital lease obligations | |||||||||
- | - | - | - | - | - | - | - | 969 | 0 |
Sale of property for mortgage note receivable | |||||||||
- | - | - | - | - | - | - | 842 | 0 | - |
Contribution of advances by non-controlling interest of subsidiary | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Restricted stock awards surrendered to satisfy tax withholding obligations upon vesting | |||||||||
- | - | - | - | - | - | - | - | - | -630 |
Subsidiary restricted stock awards returned in connection with net-share settlement upon vesting | |||||||||
- | - | - | - | - | - | - | 0 | 275 | 543 |