Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net loss [1] $ (207,889) $ (231,818)
Adjustments to reconcile net loss to net cash provided by operating activities: [1] 323,571 986,478
Net cash provided by operating activities [1] 115,682 754,660
Investing Activities    
Purchases and originations of loans held for investment [1] (1,577,211) (3,776,445)
Proceeds/payments received on loans held for investment [1] 895,538 1,278,493
Purchases and origination of loans held for investment, subject to nonrecourse debt [1] (47,505) (58,549)
Proceeds/payments on loans held for investment, subject to nonrecourse debt [1] 738,395 1,160,149
Proceeds on sale of MSR [1] 84,029 191,707
Acquisition of American Advisors Group net assets [1] (140,854) 0
Disposal of business segments [1] 5,262 0
Payments on deferred purchase price liability [1] (8,000) (8,000)
Other investing activities, net [1] 4,026 (13,273)
Net cash used in investing activities [1] (46,320) (1,225,918)
Financing Activities    
Proceeds from issuance of HMBS related obligations [1] 921,390 1,933,150
Payments on HMBS related obligations [1] (887,395) (1,438,537)
Proceeds from issuance of nonrecourse debt [1] 1,187,235 1,929,163
Payments on nonrecourse debt [1] (878,800) (1,082,466)
Proceeds from other financing lines of credit [1] 2,556,906 14,315,000
Payments on other financing lines of credit [1] (2,940,162) (15,069,153)
Change in notes payable [1] 12,790 0
Other financing activities, net [1] (869) (5,552)
Net cash provided by financing activities [1] 1,095 581,605
Effect of exchange rate changes on cash and cash equivalents 19 (152)
Net increase in cash and restricted cash 70,476 110,195
Cash and restricted cash, beginning of period [1] 277,436 463,641
Cash and restricted cash, end of period [1] 347,912 573,836
Supplementary Cash Flows Information    
Cash paid for interest 140,159 117,351
Cash paid for income taxes, net 0 25
Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value 3,685 8,828
Common Class A    
Financing Activities    
Issuance of Class A Common Stock [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.