Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Operating Activities      
Net income (loss) $ 14,592 [1] $ (63,995) [1] $ 715,500
Adjustments to reconcile net income (loss) to net cash provided by operating activities: [1] 207,226 387,736  
Net cash provided by operating activities [1] 221,818 323,741  
Investing Activities      
Purchases and originations of loans held for investment [1] (875,292) (1,848,155)  
Proceeds/payments received on loans held for investment [1] 407,024 614,074  
Purchases and origination of loans held for investment, subject to nonrecourse debt [1] (26,981) (30,342)  
Proceeds/payments on loans held for investment, subject to nonrecourse debt [1] 332,659 585,148  
Proceeds on sale of MSR [1] 80,149 96,887  
Acquisition of American Advisors Group net assets [1] (140,854) 0  
Acquisition of fixed assets [1] (1,923) (4,176)  
Other investing activities, net [1] (1,539) (13,541)  
Net cash used in investing activities [1] (226,757) (600,105)  
Financing Activities      
Proceeds from issuance of HMBS related obligations [1] 293,669 948,682  
Payments on HMBS related obligations [1] (384,618) (737,327)  
Proceeds from issuance of nonrecourse debt [1] 662,101 1,114,665  
Payments on nonrecourse debt [1] (208,909) (812,572)  
Proceeds from other financing lines of credit [1] 1,335,415 7,434,937  
Payments on other financing lines of credit [1] (1,677,418) (7,592,623)  
Change in notes payable [1] 9,790 0  
Other financing activities, net [1] (837) (224)  
Net cash provided by financing activities [1] 59,193 355,538  
Foreign currency translation adjustment 64 11  
Net increase in cash and restricted cash 54,318 79,185  
Cash and restricted cash, beginning of period [1] 277,436 463,641 463,641
Cash and restricted cash, end of period [1] 331,754 542,826 $ 277,436
Supplementary Cash Flows Information      
Cash paid for interest 72,110 55,142  
Cash paid for income taxes, net 0 22  
Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value 2,151 8,828  
Class A Common Stock      
Financing Activities      
Issuance of equity [1] $ 30,000 $ 0  
[1] (1) Amounts presented contain results from both continuing and discontinued operations. Refer to Note 4 - Discontinued Operations for additional information regarding cash flow associated with the results of discontinued operations.