Tiptree Inc. TIPT Cash Flow

Tiptree inc. (TIPT)

CashFlow / TTM

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities:
Net Income (Loss) Attributable to Parent
-45,571	18,361	14,379	15,218	4,298	23,933	33,829	31,333	26,064	3,604	1,270	10,289	20,865	25,320	13,942	3,484	12,313	5,779	-230	8,608	-4,315	-1,710	11,780	9,325	10,701	10,393	0	0	0	-	-	-	17,941	16,534	0	0	0
Net income (loss) attributable to non-controlling interests
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,336	0	0	0	-	-	-	-	-	-	-	-
Net loss attributable to VIE subordinated note holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-44,749	20,122	16,084	16,506	5,178	29,883	41,949	39,098	32,898	5,234	2,705	13,921	26,266	32,338	19,688	5,462	18,235	8,802	304	14,735	-1,037	4,584	44,406	38,264	38,479	40,729	0	0	0	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by (used in) operating activities
(Earnings) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Investments
1,316	83,868	58,490	54,107	41,509	28,782	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized and unrealized (gains) losses
-	-	-	-	-	-	-	-	-	-	0	0	84,752	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) on sale of subsidiary
-	-	-	-	-	-	-	-	48,128	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized and unrealized (gain) loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Change in unrealized appreciation trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net unrealized loss (gain) on interest rate swaps
-	-	-	-	-	-	-	-	-	-	1,278	1,367	1,737	-22	-1,233	-1,364	-1,416	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	421	-255	0	0	0
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-3,192	-3,141	-3,514	-402	313	2,765	2,715	2,664	2,503	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of above-market leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Amortization of above-market leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Amortization and write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Amortization of mortgage note premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	149	149	0	0	0
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Non-cash interest from investments in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Non-cash incentive fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	488	0	0	0
Depreciation and amortization on real estate and fixed assets, including intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,154	3,725	3,611	0	0	0
Non cash incentive fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Non-cash compensation expense
6,571	6,363	7,365	7,371	6,832	6,657	6,355	5,970	6,261	6,826	5,357	4,890	4,188	2,778	1,791	1,243	724	443	629	429	802	748	2,857	2,921	2,520	2,559	0	0	0	-	-	-	-	72	0	0	0
Amortization/accretion of premiums and discounts
-1,277	-1,161	-1,173	-1,107	-1,168	-1,029	-1,023	-1,060	-1,140	-1,316	-1,263	-1,298	-1,399	-1,386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization/accretion of premiums and discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in non cash interest from investments in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	333	272	0	0	0	-	-	-	0	-	-	-	-
Depreciation and amortization expense
14,338	13,569	13,393	13,070	12,732	12,596	14,983	19,671	25,029	29,992	30,764	29,313	28,087	28,543	31,766	35,363	39,637	46,724	43,739	35,358	25,835	11,945	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash lease expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense
120	140	175	174	259	243	228	767	954	1,019	1,365	1,205	1,344	1,719	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
643	714	740	803	845	934	1,329	1,867	2,434	2,770	2,889	2,624	2,257	2,037	1,751	1,580	1,543	1,441	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Increase (decrease) in commissions payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-353	-1,241	-1,241	-1,241	-1,241	-428	-1,591	-1,591	-1,591	-1,163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	44,633	-	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Deferred tax expense (benefit)
-11,841	6,815	-3,168	-3,506	-6,021	4,011	1,388	550	-1,656	-11,249	4,403	9,520	11,255	6,447	6,622	-9,363	-15,874	-17,107	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in deferred rent receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Increase in deferred rent receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss/(income) from investments in partially-owned entities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,921	2,517	3,505	3,250	4,468	3,559	2,478	2,308	2,362	2,479	3,621	3,088	0	0	0
Mortgage loans originated for sale
2,237,978	2,048,228	1,794,722	1,609,892	1,523,043	1,533,365	1,571,857	1,603,260	1,605,667	1,592,726	1,659,841	1,764,505	1,797,415	1,767,622	1,604,042	1,481,514	1,293,664	1,137,623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of mortgage loans originated for sale
2,286,101	2,043,097	1,781,897	1,628,808	1,565,920	1,590,546	1,649,150	1,658,013	1,643,756	1,658,646	1,780,050	1,863,182	1,881,471	1,833,273	1,604,411	1,530,230	1,355,211	1,139,333	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
(Increase) decrease in notes and accounts receivable
45,532	33,085	9,709	28,836	25,042	35,256	61,076	45,047	53,066	48,085	22,990	8,865	-4,805	13,692	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in accounts and premiums receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in reinsurance receivables
88,620	119,482	60,250	54,270	58,585	67,384	59,609	34,424	47,160	53,256	40,260	50,472	29,797	35,185	48,896	76,666	97,818	88,232	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in deferred acquisition costs
6,094	-3,570	44,751	45,801	27,581	22,901	17,581	19,948	21,434	20,554	14,111	4,161	317	3,540	7,987	15,322	29,480	50,361	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (increase) decrease in loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Distribution of loss from partially-owned entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,480	3,678	5,137	6,279	0	0	0
Deferred tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,609	-2,973	0	0	0	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
5,203	-269	-11,556	-14,109	-6,232	12,400	11,293	17,277	27,237	4,849	6,235	8,129	-4,850	253	4,100	511	1,889	6,339	2,597	-5,459	-460	-4,384	-5,858	14,883	13,001	12,448	12,009	520	26	-1,041	2,715	762	593	202	0	0	0
Accretion of discounts and depreciation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Amortization and write off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	26	0	0	0	-	-	-	-	-	-	-	-
Accretion of mortgage note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-276	-198	0	0	0	-	-	-	-	-	-	-	-
Increase (decrease) in unearned premiums
139,445	155,549	144,763	119,827	67,989	95,998	83,311	83,850	102,373	87,880	61,808	36,307	14,006	25,261	43,806	71,959	97,044	89,873	78,798	43,531	17,027	9,797	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in policy liabilities and unpaid claims
13,593	12,773	10,399	6,400	12,845	19,608	13,162	11,383	10,234	5,729	6,144	10,413	14,696	22,728	14,454	15,684	11,568	5,009	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in deferred revenue
44,328	16,397	15,191	16,304	16,927	19,009	15,121	10,853	6,899	4,082	895	-598	-3,699	-7,182	-9,882	-8,816	-587	17,099	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in reinsurance payable
5,409	26,272	24,948	30,183	18,851	27,043	24,599	5,909	6,442	19,966	27,819	28,411	17,804	4,748	-10,479	4,874	30,521	45,253	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in other liabilities and accrued expenses
-13,944	383	-6,013	8,185	19,661	6,687	26,762	-207	3,839	3,205	-27,715	-17,611	-10,044	-919	-7,203	-11,211	-2,841	-9,214	-26,472	-81,165	-42,150	-18,728	14,545	68,752	22,087	6,172	0	0	0	-	-	-	-	-	-	-	-
(Decrease)/increase in policy liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Operating activities from consolidated CLOs
-	-	-	-	-	-	-	-	-	2,954	7,810	6,056	12,795	8,631	-3,290	-9,339	-17,142	-25,008	-35,773	-34,253	-27,002	-21,986	10,858	27,156	24,168	28,556	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,242	-61,177	-40,618	7,604	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27,200	13,480	47,319	16,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-281	-562	600	0	0	0
Other liabilities including payable to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	338	-128	1,422	0	0	0
Net cash provided by (used in) operating activities
57,114	23,742	33,548	49,402	46,113	57,724	65,991	29,863	1,206	46,919	91,834	67,616	72,274	36,643	-44,826	661	-5,607	-9,455	-24,958	-47,697	6,701	23,649	9,167	33,817	12,738	-3,034	35,717	58,203	48,993	36,686	45,324	3,739	3,957	7,830	0	0	0
Investing Activities:
Purchases of investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	327,617	328,514	330,441	282,521	221,096	245,201	247,233	259,693	275,573	273,579	408,108	427,940	382,502	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of investments
-	-	-	-	-	190,942	242,848	297,146	322,038	296,855	247,122	230,357	219,688	205,141	197,964	160,915	110,818	86,363	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in loans owned, at amortized cost, net
-	-	-	-	-	-	-	-	-	37,166	54,550	40,774	36,225	62,024	39,834	24,476	15,928	16,710	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of real estate capital expenditures
-	-	-	-	-	-	-	-	-	-	-	0	5,660	-	4,723	3,755	2,094	2,165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of real estate
9,691	11,857	12,329	14,522	16,060	17,705	17,642	16,909	16,207	14,035	14,246	11,030	7,197	5,376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Purchases of trading securities and loans carried at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	390,353	248,028	232,342	204,638	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of trading securities and loans carried at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	281,234	291,605	89,703	75,147	0	0	0	-	-	-	-	-	-	-	-
Purchases of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,790	-4,917	0	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Purchases of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	20,731	20,911	20,939	0	0	0	-	-	-	-	-	-	-	-
Purchases of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,244	34,802	0	0	0	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
6,743	8,519	8,373	7,752	6,366	3,749	3,373	2,439	1,581	1,747	2,105	2,248	2,105	1,480	2,219	2,411	3,355	4,066	2,958	2,455	1,109	245	91	-10	13	13	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the sale of businesses
8,778	18,329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of subsidiaries
-	-	-	-	-	-	-	-	17,650	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes receivable
36,718	36,690	34,683	30,213	29,142	29,234	31,881	37,420	44,296	50,175	51,971	48,578	42,622	36,891	45,314	44,105	44,147	44,342	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of notes receivable
76,543	67,176	59,026	40,117	35,182	31,331	29,411	29,266	30,938	41,861	47,832	53,198	55,310	44,860	39,048	35,806	32,612	32,645	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash deposit for derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from Collection of Loans Receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	870	689	491	300	748	1,377	1,596	2,786	0	0	0
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,734	5,244	14,984	11,047	2,196	647	-15,639	-5,041	-10,425	-527	15,265	5,646	0	0	0	-	-	-	-	-	-	-	-
Business and asset acquisitions, net of cash and deposits (1)
0	-	-	-	0	-	-	-	-	85,826	96,574	125,321	66,140	102,268	81,183	49,076	49,076	78,057	290,372	293,501	293,501	205,102	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Change in noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from foreign exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,275	2,425	9,273	9,205	7,208	9,543	2,916	2,984	2,706	0	0	0	-	-	-	-	-	-	-	-
Deconsolidation of consolidated CLOs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease/(Increase) in policy loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Change due to consolidation of trusts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	0	0	0	-	-	-	-	-	-	-	-
Investing activities from consolidated CLOs
-	-	-	-	-	-	-	-	-	-225,317	-245,447	-71,412	53,395	75,494	96,670	98,251	-17,927	-33,613	305,199	219,899	578,367	551,526	157,389	526,867	148,631	537,873	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-504,019	-302,012	-659,619	-566,722	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,963	476	-7,440	-2,967	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-150,299	-8,327	50,685	96,733	6,545	-109,107	-64,102	134,130	163,566	212,775	125,057	-103,517	-200,169	-314,291	-313,085	-433,150	-228,428	-217,795	-499,056	-301,536	-667,059	-569,689	-217,242	-502,411	-285,442	-689,182	-711,313	-565,727	-525,304	-144,214	-118,181	22,068	27,678	29,279	0	0	0
Financing Activities:
Dividends paid
6,917	5,502	0	0	0	-	-	-	-	-	-	-	-	3,191	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interest contributions
11	61	834	1,782	3,200	3,150	2,369	1,418	1,146	2,464	2,753	2,873	2,743	3,339	2,969	2,864	1,859	2,163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interest distributions
4,377	3,585	2,834	1,185	0	241	808	1,335	1,938	2,224	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interest distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,372	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (Payments to) Noncontrolling Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	-2,953	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed asset purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	260	0	0	0
Payment of debt issuance costs
1,990	586	188	565	834	1,143	8,923	8,978	9,846	9,588	3,060	4,375	3,485	3,830	2,508	748	1,459	1,865	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings and mortgage notes payable
2,605,684	2,237,329	1,931,526	1,720,763	1,651,385	1,632,469	1,757,791	1,822,157	1,836,228	1,857,571	1,904,899	2,046,895	2,063,718	2,085,142	1,878,516	1,803,202	1,592,286	1,442,756	1,374,890	1,108,535	1,078,700	828,471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal paydowns of borrowings and mortgage notes payable
2,439,897	2,181,704	1,937,281	1,767,887	1,677,135	1,617,346	1,772,079	1,791,624	1,777,727	1,816,537	1,821,303	1,886,064	2,031,506	1,957,183	1,726,955	1,663,967	1,404,400	1,190,739	1,192,992	888,660	948,266	807,897	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Partial paydown of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,461	1,212	16,389	1,168	953	0	0	0
Payment of placement costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	525	0	0	0	-	-	-	-
Proceeds from issuance of common units of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
3,945	9,085	9,446	14,338	23,009	14,111	13,750	8,858	7,487	7,300	7,300	13,450	42,903	43,754	44,822	39,193	4,347	3,982	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing activities from consolidated CLOs
-	-	-	-	-	-	-	-	-	-223,393	-244,693	-71,626	178,277	199,427	220,727	222,043	28,166	8,573	312,993	226,368	521,831	497,798	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	478,720	435,311	645,694	514,498	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) financing activities - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,500	-9,667	-8,667	-7,667	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
148,569	36,928	-22,748	-66,672	-51,174	-2,003	-39,796	-165,596	-157,006	-194,406	-166,513	76,035	160,552	276,952	325,169	318,570	204,128	243,663	471,220	425,644	637,027	506,831	0	0	0	-	-	-	-	99,082	100,105	8,295	9,886	10,165	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
55,384	52,343	61,485	79,463	1,484	-53,386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
55,384	52,343	61,485	79,463	1,484	-53,386	-37,907	-1,603	7,766	65,288	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,742	-113,919	-29,907	16,413	-52,794	76,411	-23,331	-39,209	0	0	0	-	-	-	-	-8,446	52,642	34,102	41,521	47,274	0	0	0
Income Taxes Paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	0	0	-	-	-	0
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Cash paid during the period for interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	16,914	8,553	6,995	5,922	5,275	0	0	0
Right-of-use asset obtained in exchange for lease liability
513	33,558	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired real estate properties through, or in lieu of, foreclosure of the related loan
638	2,596	3,691	4,863	5,890	7,367	11,512	13,157	15,500	15,033	14,637	16,347	16,433	15,132	11,760	7,990	3,956	2,289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities acquired through the sale of a subsidiary and asset sales
-	-	-	-	-	135,675	135,675	134,083	134,083	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets of consolidated CLOs deconsolidated due to sale and redemption
-	-	-	-	-	-	-	-	-	765,603	407,323	405,263	405,263	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities of consolidated CLOs deconsolidated due to sale and redemption
-	-	-	-	-	-	-	-	-	729,597	389,333	387,273	387,273	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquired through asset acquisition
-	-	-	-	-	-	-	-	-	8,178	8,178	8,178	8,178	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets related to in-place leases acquired through asset acquisition
-	-	-	-	-	-	-	-	-	2,049	2,049	2,049	2,049	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt assumed through acquisitions
-	-	-	-	-	-	-	-	-	7,586	7,586	7,586	7,586	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciliation of cash, cash equivalents and restricted cash shown in the statement of cash flows
Capital change due to equity compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net assets related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Accrued expenses for financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Noncontrolling interest
Net Income (Loss) Attributable to Parent
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	-	-	-	5,950	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-