Exantas capital corp. (XAN)

CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
NET (LOSS) INCOME

-168,688

35,966

39,535

35,602

35,450

27,427

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

NET INCOME

-

-

-

-

-

-

-

-

-

-

0

0

-36,001

-

-19,866

40,477

13,233

17,183

22,652

22,261

62,678

62,168

0

0

0

-

-

0

0

-

-

-

-

37,716

0

0

0

Net loss from discontinued operations, net of tax

-259

-251

-252

175

-163

121

-3,123

-9,574

-13,308

-14,116

-17,560

-22,794

-24,989

-19,260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income from continuing operations

-168,429

36,217

39,787

35,427

35,613

27,306

18,282

34,767

38,146

47,457

49,693

-9,352

-11,012

-11,334

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income from continuing operations to net cash provided by continuing operating activities:
Provision for credit losses, net

15,182

58

-277

399

229

-1,595

-6

-157

-26

1,772

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (recovery) for loan and lease losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,088

47,285

47,690

9,662

1,712

740

42

-1,982

3,020

9,558

10,187

15,682

16,818

13,780

13,608

13,468

13,896

0

0

0

Depreciation, amortization and accretion

3,700

3,399

2,873

3,221

2,438

2,908

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,212

2,251

2,124

1,838

0

0

0

-

-

-

-

Depreciation of investments in real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,801

3,107

3,597

4,047

4,128

4,846

4,619

3,890

0

0

0

Amortization of term facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,123

997

1,038

957

850

760

589

570

0

0

0

Accretion (amortization) of net discounts (premiums) on loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

15,385

16,734

16,377

17,817

14,804

13,881

16,057

15,588

0

0

0

Accretion (amortization) of net discounts (premiums) on securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,658

3,048

3,047

3,177

0

0

0

-

-

-

0

Accretion of net discounts on securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization (accretion) of discount (premium) on notes of securitization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

5,370

3,553

3,038

2,470

1,271

936

569

274

0

0

0

Amortization of debt issuance costs on notes of securitizations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

4,238

4,309

4,949

4,700

4,342

4,176

3,508

3,341

0

0

0

Amortization of discounts on convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Amortization of stock-based compensation

2,027

2,212

1,981

2,186

2,433

2,717

2,704

2,842

2,917

2,738

1,899

2,706

3,324

3,025

4,402

2,475

1,914

2,420

2,997

4,020

5,261

5,933

7,103

8,425

8,548

10,472

9,090

8,374

7,359

4,636

4,539

3,451

2,934

2,526

0

0

0

Accretion of interest-only available-for-sales securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

468

1,204

472

719

0

0

0

-

-

-

-

Distribution to subordinated debt holder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Non-cash incentive compensation to the Manager

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,302

1,468

814

842

595

430

0

0

0

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-781

0

0

0

-

-

-7,284

-6,684

-6,710

4,146

3,932

2,214

2,329

0

0

0

-

-

-

-

Sale of and principal payments on syndicated corporate loans held for sale

-

-

-

-

-

-102

-107

-455

-436

-1,471

-1,433

-1,076

-1,076

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization (accretion) of terminated derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

380

307

226

227

245

229

228

227

0

0

0

Amortization (accretion) of interest-only available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

468

1,204

472

719

0

0

0

-

-

-

-

Sale (origination) of residential mortgage loans held for sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Sale of and principal payments on investment securities, trading

-

-

-

-

-

-241

-241

-241

-11

-4,493

-4,533

-4,622

-4,759

-269

2,137

-4,195

-2,690

5,486

16,064

26,485

24,688

16,515

-20,434

-23,434

-23,005

-12,961

11,044

10,044

10,044

8,348

13,606

18,912

29,301

38,904

0

0

0

Net realized and unrealized (gain) loss on investment securities, trading

-

-

-

-

-

53

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized loss on investment securities available-for-sale and loans and derivatives

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized gain on investment securities available-for-sale and loans and derivatives

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on securities, trading

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

4,257

3,401

215

1,027

1,297

1,664

1,517

643

0

0

0

Proceeds from sales of securities, trading

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

18,713

46,761

31,643

33,579

0

0

0

-

-

-

-

Proceeds from sales of securities, trading

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net realized and unrealized loss on investment securities, trading

-

-

-

-

-

-

-

-

-

-

-

-

1,342

-

-2,234

-2,572

-2,476

-547

789

1,745

816

-2,818

-1,294

-1,899

-3,000

-324

-1,779

8,232

11,407

12,435

12,769

1,126

1,054

837

0

0

0

Net realized and unrealized gain on investment securities available-for-sale and loans and derivatives

-

-

-

-

-

-

-

-

-

-

0

0

10,819

-

3,859

-11,070

4,889

18,459

8,050

36,793

17,668

6,925

23,118

10,349

14,275

10,986

5,313

5,089

4,117

4,106

348

593

2,988

2,643

0

0

0

Fair value adjustments on financial assets held for sale

-8,371

-4,682

-2,389

-3,922

-2,613

-7,176

-8,133

-6,545

-6,475

-1,831

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-332

-503

-1,403

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on the reissuance (extinguishment) of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

3,135

3,085

6,105

6,127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,944

-3,893

-11,963

-82

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

59

0

53

307

843

855

802

557

53

180

2,429

2,420

7,037

6,898

0

0

0

Impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain and net interest income on linked transactions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

235

137

-73

4,087

5,615

4,919

6,290

-3,663

-6,018

-5,056

-6,217

-424

168

0

0

0

-

-

-

-

Equity in earnings of unconsolidated entities

-

-

-

-

-

217

-1,514

39,079

38,892

39,545

41,313

1,298

4,112

5,973

6,636

5,938

3,904

2,388

1,806

2,359

3,459

4,767

6,470

5,078

3,388

949

-2,098

-2,372

-4,205

-2,709

0

0

0

-

-

-

-

Changes in operating assets and liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Net cash provided by continuing operating activities

41,633

43,392

45,231

43,664

40,120

47,703

41,102

77,121

70,121

75,479

82,760

36,298

32,837

24,959

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in discontinued operating activities

43

-59

182

-151

466

505

7,830

127,021

99,621

146,931

174,354

32,350

30,830

-43,866

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

41,676

43,333

45,413

43,513

40,586

48,208

48,932

204,142

169,742

222,410

257,114

68,648

63,667

-18,907

-35,460

-1,041

103,472

69,995

-21,439

-55,703

-136,408

-65,474

-27,045

17,263

45,542

49,672

80,108

100,158

94,664

66,348

65,268

23,562

12,686

33,037

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

272

-19,690

570

-79,799

-54,991

-41,725

-84,015

23,568

-10,497

-38,717

-28,640

-22,248

4,578

19,255

-22,319

-50,756

-94,093

-115,122

-36,157

-31,014

0

0

0

Deconsolidation of VIEs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

16,615

472

472

472

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Origination and purchase of loans

932,956

918,917

974,200

1,111,129

860,310

826,155

776,631

679,160

578,243

555,359

408,174

361,420

301,747

238,189

280,154

379,208

578,906

731,207

737,024

721,606

813,569

774,966

838,380

837,778

748,338

725,657

725,862

687,139

645,837

649,983

933,328

923,585

1,302,031

970,309

0

0

0

Principal payments received on loans

705,573

695,409

636,783

574,346

603,674

631,597

535,279

620,097

621,833

610,536

569,147

481,602

429,188

337,656

444,901

410,588

429,897

496,564

341,020

374,668

362,243

361,897

418,835

400,950

472,504

590,663

675,551

691,090

637,070

544,811

435,089

387,335

397,531

424,600

0

0

0

Proceeds from sale of loans

-

-

-

-

-

-

-

-

-

-

45

480

21,668

556

-5,029

9,836

86,122

102,906

240,846

257,836

209,662

208,714

437,179

548,551

632,803

674,977

347,782

250,592

191,406

173,378

223,940

209,908

218,514

212,042

0

0

0

Purchase of investment securities available-for-sale

143,841

146,627

167,723

167,425

226,669

242,557

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (investment in) unconsolidated entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

5,585

3,646

3,826

4,762

0

0

0

Acquisition of controlling interest in Moselle CLO S.A.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Purchase of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

10,960

-

18,656

35,592

42,843

40,375

64,227

84,971

136,669

180,990

160,821

147,590

121,311

136,282

169,724

176,626

166,411

119,779

96,404

96,880

166,714

117,044

0

0

0

Principal payments on investment securities available-for-sale

48,933

56,295

40,146

36,343

29,578

21,055

37,261

47,771

52,768

56,715

97,726

88,634

92,092

100,802

52,996

55,968

54,329

75,960

75,124

80,098

76,588

56,053

60,550

58,546

62,193

52,812

43,929

49,370

49,633

47,284

38,394

26,281

15,890

11,810

0

0

0

Proceeds from sale of investment securities available-for-sale

0

-

-

-

-

12,081

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

12,240

-

5,035

28,566

58,674

65,787

90,556

85,241

141,970

147,171

122,235

104,019

24,207

11,893

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Return of capital from unconsolidated entities

-

-

-

-

-

-

-

-

-

48,603

49,713

6,292

6,292

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of capital from investments in unconsolidated entities

-

-

-

-

-

-

-

0

-46,276

-

-49,163

1,738

1,797

119

3,400

-7,245

-7,705

-2,715

-6,271

-5,646

-8,298

-9,557

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Improvement of real estate held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

0

0

0

-

-

-

-

Settlement of derivative instruments

-

-

-

-

-

46

121

841

1,643

1,491

256

-367

-1,063

-1,013

2,622

-5,503

-2,518

-5,553

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,886

0

0

0

-

-

-

-

Purchase of investments in real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Distributions from investments in real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,094

522

823

1,853

1,152

0

0

0

-

-

-

-

Improvements in investments in real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-365

3,391

3,739

3,851

3,878

0

0

0

-

-

-

-

Purchase of intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,213

0

0

0

Investments in real estate assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

28

18

-210

23

0

10

238

31

69

74

202

171

133

0

0

0

-

-

-

-

-

-

-

-

Acquisition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-98

0

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Investment in loans - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,190

1,572

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Principal payments received on loans - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,848

3,892

3,082

1,974

1,685

1,291

1,476

1,646

1,251

10,556

10,303

10,261

10,430

0

0

0

Net cash used in continuing investing activities

-283,889

-313,202

-452,318

-650,283

-419,987

-376,942

-369,868

-194,104

-48,796

43,125

134,082

125,222

145,814

105,046

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by discontinued investing activities

-

135

135

2,290

17,117

29,712

30,062

44,006

26,898

19,070

29,836

113,708

112,207

161,501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-283,889

-313,067

-452,183

-647,993

-402,870

-347,230

-339,806

-150,098

-21,898

62,195

163,918

238,930

258,021

266,547

219,732

47,428

-45,506

-59,505

-164,100

-160,252

-232,291

-393,250

29,968

193,497

331,728

492,271

206,859

119,423

112,684

76,156

-225,874

-295,389

-372,972

-438,209

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuances of common stock and dividend reinvestment and stock purchase plan (net of offering costs of $0, $385 and $0)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

46,347

0

0

0

Net proceeds from issuances of common stock and dividend reinvestment and stock purchase plan (net of offering costs of $0 and $31)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

6,324

-3,610

-17,995

0

41,712

58,926

66,881

73,044

67,886

61,282

77,562

83,564

0

0

0

Proceeds from issuance of 8.25% Series B Cumulative Redeemable Preferred Stock (net of offering costs of $0, $0 and $85)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

1,648

2,109

9,480

19,732

33,838

33,369

25,929

22,265

6,837

6,837

6,832

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Retirement of common stock

-

-

-

-

-

69

120

218

205

149

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of preferred stock

-

-

-

-

-

165,340

0

0

165,340

-

0

-245

0

3,114

3,114

3,359

3,114

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,238

189,927

-35,743

52,920

53,958

15,226

180,504

131,151

99,318

71,121

51,744

76,460

49,691

55,852

0

0

0

Net proceeds from repurchase agreements

-

-

-

-

-

-

-

-

-

-

-1,877

112,347

177,700

119,420

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings:
Warehouse financing facilities and repurchase agreements

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase agreements

-

-

-

-

-

939,902

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitizations

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitizations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

505,862

505,862

474,471

517,471

235,344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99,000

99,000

82,498

99,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Secured Revolving Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Warehouse agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Reissuance of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,597

29,625

64,892

60,763

52,663

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments on borrowings:
Warehouse financing facilities and repurchase agreements

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase agreements

-

-

-

-

-

563,415

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitizations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitizations

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collateralized debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

554,036

451,991

648,176

663,167

715,900

797,573

536,987

421,620

403,365

243,539

0

0

0

-

-

-

-

Securitizations

-

-

-

-

-

-

-

0

334,722

-

316,205

334,404

348,605

276,397

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible senior notes

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Collateralized debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payment of debt issuance costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,136

12,264

14,291

12,944

6,313

15,330

8,616

9,654

9,786

1,740

1,178

144

586

6,430

6,430

6,305

6,385

0

0

0

Settlement of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interest and subordinated note holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,433

16,092

5,857

5,003

2,323

24,556

28,847

29,555

30,709

8,272

4,922

4,941

3,480

0

0

0

-

-

-

-

Proceeds received from non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,961

16,889

16,015

14,213

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid to non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

0

-

-

-

-

Distributions paid on preferred stock

10,350

10,350

10,350

10,350

10,350

15,257

18,684

22,110

25,538

24,057

24,057

24,057

24,057

24,158

24,260

24,361

24,461

24,390

25,375

22,488

18,893

15,008

9,931

8,646

7,638

6,413

4,909

3,059

1,547

613

0

0

0

-

-

-

-

Distributions paid on common stock

30,279

27,052

23,833

19,827

15,037

11,068

7,886

6,288

6,273

6,252

17,696

29,180

40,727

52,409

60,065

68,441

76,769

90,100

96,022

100,774

105,252

104,225

103,084

101,250

98,016

93,458

87,829

80,815

75,049

74,050

73,388

74,624

75,293

69,869

0

0

0

Net cash provided by continuing financing activities

287,171

268,694

420,037

575,435

363,383

190,132

47,984

49,256

-159,523

-66,527

-103,910

-278,622

-239,693

-248,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by discontinued financing activities

-

-

-

-

-

-

-

-

-

-133,139

-174,642

-30,595

-31,258

538

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from CDO retained notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by financing activities

287,171

268,694

420,037

575,435

363,383

190,132

47,984

-67,802

-248,429

-199,666

-278,552

-309,217

-270,951

-247,462

-174,455

-126,230

-203,924

-11,639

127,005

138,652

419,374

276,359

15,883

-156,849

-278,245

-364,951

-255,236

-83,076

-177,249

-100,342

244,441

256,826

336,349

418,800

0

0

0

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

44,958

-1,040

13,267

-29,045

1,099

-108,890

-242,890

-13,758

-100,585

84,939

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,817

-79,843

-145,958

-1,149

-58,534

-77,303

50,675

-182,365

18,806

53,911

99,025

176,992

31,731

136,505

30,099

42,162

83,835

-15,001

-23,937

13,628

0

0

0

SUPPLEMENTAL DISCLOSURE:
Interest expense paid in cash

75,169

73,963

74,955

68,019

63,918

57,548

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense paid in cash

-

-

-

-

-

-

-

-

-

-

-

0

46,661

-

51,615

55,473

51,657

48,089

42,879

39,654

36,492

35,690

39,844

38,677

39,841

41,453

45,551

53,330

43,156

41,369

32,176

57,576

49,225

32,596

0

0

0

Income taxes paid in cash

-

-

-

-

-

-

-

-

-

517

536

-1,674

4,523

4,051

6,224

8,768

10,014

11,710

9,530

9,238

3,270

3,305

0

0

0

-

-

0

0

-

-

-

-

-

-

-

0