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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income (loss) available to common stockholders $ 17,593 $ 9,430
Net income (loss) 22,273 11,387
Discontinued operations, net 0 (23,348)
Adjustments to reconcile net income to net cash provided by (used in) operating activities from continuing operations:    
Net realized and unrealized (gains) losses (21,460) 3,128
Net unrealized loss (gain) on interest rate swaps 1,233 0
Change in fair value of contingent consideration (262) 0
Impairment of goodwill 0  
Non cash compensation expense 1,696 348
Amortization/accretion of premiums and discounts 1,094 1,922
Depreciation and amortization expense 21,899 36,857
Provision for doubtful accounts 1,321 413
Amortization of deferred financing costs 1,326 1,016
(Gain) loss on sale of loans held for sale (48,412) (21,531)
Deferred tax expense (benefit) (327) (24,056)
Mortgage loans originated for sale (1,258,931) (792,512)
Proceeds from the sale of mortgage loans originated for sale 1,261,617 794,013
(Increase) decrease in notes and accounts receivable (16,964) (29,506)
(Increase) decrease in reinsurance receivables (28,237) (67,573)
(Increase) decrease in deferred acquisition costs (2,292) (44,666)
(Increase) decrease in other assets (2,223) (4,462)
Increase (decrease) in unearned premiums 22,934 69,001
Increase (decrease) in policy liabilities and unpaid claims 21,250 11,805
Increase (decrease) in deferred revenue (6,810) 20,171
Increase (Decrease) in Reinsurance Payables (11,772) 43,960
Increase (decrease) in commissions payable (5,626) (4,160)
Increase (decrease) in other liabilities and accrued expenses 18,125 10,488
Operating activities from consolidated CLOs (3,505) 18,213
Net cash provided by (used in) operating activities - continuing operations (32,053) 10,908
Net cash provided by (used in) operating activities - discontinued operations 0 (6,198)
Net cash provided by (used in) operating activities (32,053) 4,710
Investing Activities:    
Purchases of investments (174,381) (287,522)
Proceeds from sales and maturities of investments 159,308 48,172
(Increase) decrease in loans owned, at amortized cost, net (44,640) (21,516)
Purchases of real estate capital expenditures (4,372) (1,814)
Purchases of corporate fixed assets (991) (2,838)
Proceeds from the sale of subsidiaries 0 142,837
Proceeds from notes receivable 25,658 24,221
Issuance of notes receivable (32,437) (25,734)
(Increase) decrease in restricted cash (3,315) (4,628)
Business and asset acquisitions, net of cash and deposits (81,183) (78,057)
Distributions from equity method investments 0 2,275
Investing activities from consolidated CLOs (96,834) 33,449
Net cash provided by (used in) investing activities - continuing operations (253,187) (171,155)
Net cash provided by (used in) investing activities from discontinued operations 0 11,866
Net cash provided by (used in) investing activities (253,187) (159,289)
Financing Activities:    
Dividends paid (2,482) (2,442)
Non-controlling interest contributions 3,050 2,244
Non-controlling interest distributions (2,059) (4,584)
Change in non-controlling interest 0 (3,000)
Payment of debt issuance costs (2,508) (1,865)
Proceeds from borrowings and mortgage notes payable 1,477,446 1,041,686
Principal paydowns of borrowings and mortgage notes payable (1,368,585) (832,369)
Repurchase of common stock (43,754) (2,914)
Financing activities from CLOs 220,727 8,573
Net cash provided by financing activities - continuing operations 281,835 205,329
Net cash (used in) financing activities - discontinued operations 0 (5,000)
Net cash provided by financing activities 281,835 200,329
Net increase in cash (3,405) 45,750
Cash and cash equivalents – unrestricted – beginning of period - continuing operations 69,400 52,987
Cash and cash equivalents of continuing operations – unrestricted – end of period 65,995 98,737
Noncash investing and financing activities:    
Acquired real estate properties through, or in lieu of, foreclosure of the related loan 10,288 817
Noncontrolling interest    
Operating activities:    
Net income (loss) attributable to noncontrolling interests 4,680 1,957
Tiptree Financial Partners, L.P. | Noncontrolling interest    
Operating activities:    
Net income (loss) attributable to noncontrolling interests 4,660 2,214
Net income (loss) 4,660  
Noncontrolling interests - other | Noncontrolling interest    
Operating activities:    
Net income (loss) attributable to noncontrolling interests 20 $ (257)
Net income (loss) $ 20