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Consolidated Statement of Cash Flows
$ in Thousands
 12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows provided by operating activities:      
Net income $ 193,031 $ 157,876 $ 103,256
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of discount/premium and PIK (48,062) (10,679) (11,211)
Amortization of deferred financing costs 6,669 4,607 2,992
Equity-based compensation 10,977 4,464 4,266
Unrealized (gain) loss on securities (37,165) 26,099 17,408
Provision for loan losses and impairment 5,000 15,000 0
Income (loss) from unconsolidated joint venture 2,259 97 (3,480)
Foreign currency (gain) loss (18,645) 28,790 5,192
Realized (gain) loss on derivative instruments 289 (28,552) (5,169)
Unrealized (gain) loss on derivative instruments 11,523 (2,608) 1,063
Realized (gain) loss on sale of asset 42,693 (3,834) 443
Bargain purchase gain 0 (40,021) 0
Changes in operating assets and liabilities:      
Accrued interest receivable (3,820) (27,773) (30,220)
Loan proceeds held by servicer (6,306) 0 0
Other assets (1,372) 2,194 120
Accounts payable, accrued expenses and other liabilities (3,351) (8,496) 1,405
Payable to related party 1,153 1,718 2,057
Net cash (used in) provided by operating activities 154,873 118,882 88,122
Cash flows used in investing activities:      
Funding of commercial mortgage loans (1,218,492) (850,411) (641,954)
Funding of subordinate loans (610,266) (285,318) (705,068)
Payments received on commercial mortgage loans 218,002 206,573 103,963
Payments received on subordinate loans 376,727 120,806 378,242
Funding of derivative instruments 0 0 (327)
Origination and exit fees received on commercial mortgage loans and subordinate loans 27,904 12,500 17,939
Funding of unconsolidated joint venture (726) (362) (3,929)
Funding of other assets (1,379) (1,640) (8)
Proceeds (payments) on settlements of derivative instruments (201) 28,552 5,169
Decrease (increase) in collateral held related to derivative contracts (4,952) 2,480 0
Proceeds from sale of securities 295,681 97,885 23,629
Proceeds from sale of investments in unconsolidated joint venture 24,498 0 20,794
Payments received on securities 25,960 35,623 8,735
Payments received on securities, held-to-maturity 146,530 6,720 1,750
Payments received on other assets 0 132 189
Net cash provided by (used in) investing activities (720,714) 1,071,533 (790,876)
Cash flows from financing activities:      
Proceeds from issuance of common stock 279,816 178,185 343,430
Proceeds from issuance of preferred stock 0 0 197,680
Repurchase of common stock 0 0 (1,741)
Redemption of preferred stock (116,990) 0 0
Payment of offering costs (924) (406) (987)
Proceeds from secured debt arrangements 1,239,515 721,992 778,675
Repayments of secured debt arrangements (1,045,614) (501,200) (475,094)
Proceeds from issuance of convertible senior notes 343,275 0 0
Repayments of participations sold (85,081) (4,372) (1,246)
Payment of deferred financing costs (14,254) (4,017) (2,900)
Dividends on common stock (183,877) (132,213) (100,849)
Dividends on preferred stock (35,807) (27,956) (7,440)
Net cash provided by (used in) financing activities 380,059 (1,024,504) 729,528
Net increase (decrease) in cash and cash equivalents (185,782) 165,911 26,774
Cash, cash equivalents and restricted cash, beginning of period 263,453 97,542 70,768
Cash, cash equivalents and restricted cash, end of period 77,671 263,453 97,542
Supplemental disclosure of cash flow information:      
Interest paid 55,835 52,708 43,209
Supplemental disclosure of non-cash investing and financing activities:      
Dividend declared, not yet paid 56,576 51,278 37,828
Deferred financing costs, not yet paid 0 0 0
Offering costs payable 0 279 296
Loan proceeds held by servicer 302,756 0 0
Apollo Residential Mortgage, Inc. [Member]      
Cash flows used in investing activities:      
Proceeds from sale of AMTG assets, net 0 1,508,198 0
ARI Investment in AMTG, net of cash acquired 0 189,795 0
Cash flows from financing activities:      
Repayments of secured debt arrangements 0 (1,254,517) 0
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of assets acquired from AMTG 0 1,936,260 0
Fair value of liabilities assumed from AMTG 0 (1,285,183) 0
Fair value of common stock issued to AMTG 0 218,397 0
Fair value of preferred stock issued to AMTG $ 0 $ 172,500 $ 0