Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net loss [1] $ (382,821) $ (533,518)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities [1] 372,588 1,594,533
Net cash provided by (used in) operating activities [1] (10,233) 1,061,015
Investing Activities    
Purchases and originations of loans held for investment [1] (2,335,404) (5,259,356)
Proceeds/payments received on loans held for investment [1] 1,445,778 1,712,364
Purchases and originations of loans held for investment, subject to nonrecourse debt [1] (63,551) (89,907)
Proceeds/payments on loans held for investment, subject to nonrecourse debt [1] 1,082,012 1,551,340
Proceeds on sale of MSR [1] 85,628 454,106
Acquisition of American Advisors Group net assets [1] (140,854) 0
Proceeds from sale of businesses (net of cash transferred) [1] 71,166 0
Payments on deferred purchase price liability [1] (8,000) (8,000)
Other investing activities, net [1] 2,556 (16,664)
Net cash provided by (used in) investing activities [1] 139,331 (1,656,117)
Financing Activities    
Proceeds from issuance of HMBS related obligations [1] 1,553,957 2,481,514
Payments on HMBS related obligations [1] (1,433,751) (1,945,207)
Proceeds from issuance of nonrecourse debt [1] 1,695,339 2,678,347
Payments on nonrecourse debt [1] (1,378,154) (1,655,080)
Proceeds from other financing lines of credit [1] 3,530,606 18,936,854
Payments on other financing lines of credit [1] (4,133,161) (19,978,296)
Change in notes payable [1] 12,340 0
Other financing activities, net [1] (1,148) (7,195)
Net cash provided by (used in) financing activities [1] (123,972) 510,937
Effect of exchange rate changes on cash and cash equivalents 52 (257)
Net increase (decrease) in cash and cash equivalents and restricted cash 5,178 (84,422)
Cash and restricted cash, beginning of period [1] 277,436 463,641
Cash and restricted cash, end of period [1] 282,614 379,219
Supplementary Cash Flows Information    
Cash paid for interest 210,840 194,179
Cash paid for income taxes, net 0 46
Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value 3,685 9,009
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.