v2.4.0.8
|
Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
|
|
| Cash flows from operating activities: |
|
|
| Consolidated net income |
$ 5,659 |
$ 1,602 |
| Adjustments to reconcile consolidated net income to net cash provided by operating activities: |
|
|
| Income from investments in unconsolidated entities |
(4,465) |
(1,042) |
| Deferred income taxes |
1,798 |
|
| Interest income in excess of cash collected |
(894) |
|
| Loan discount amortization and fee accretion |
(206) |
(224) |
| Change in fair value of warrants |
197 |
125 |
| Stock-based compensation |
755 |
203 |
| Debt issuance cost amortization |
107 |
16 |
| Depreciation and amortization |
2 |
2 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(168) |
(92) |
| Restricted cash |
|
391 |
| Prepaid expenses and other assets |
(505) |
4 |
| Interest reserve |
|
(393) |
| Accounts payable and accrued liabilities |
328 |
283 |
| Net cash provided by operating activities |
2,608 |
875 |
| Cash flows from investing activities: |
|
|
| Cash distributions from investments in unconsolidated entities |
5,543 |
3,403 |
| Net increase in finance receivables |
(11,672) |
(13,789) |
| Investment in marketable investments |
(1,500) |
(3,000) |
| Purchases of property and equipment |
(1) |
(4) |
| Net cash provided by (used in) investing activities |
(7,630) |
(13,390) |
| Cash flows from financing activities: |
|
|
| Net proceeds from issuance of common stock |
74,499 |
|
| Net repayment of loan credit agreement |
(5,000) |
|
| Distributions to non-controlling interests |
(2,958) |
(1,815) |
| Debt issuance costs |
|
(335) |
| Net cash provided by (used in) financing activities |
66,541 |
(2,150) |
| Net increase (decrease) in cash and cash equivalents |
61,519 |
(14,665) |
| Cash and cash equivalents at beginning of period |
7,664 |
24,584 |
| Cash and cash equivalents at end of period |
$ 69,183 |
$ 9,919 |
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The net increase(decrease) in interest income during the period representing the allocation of deferred loan origination fees less deferred loan origination costs using the effective interest method over the term of the debt arrangement to which they pertain taking into account the effect of prepayments.
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Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense.
+ References
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Amount of expense (income) related to adjustment to fair value of warrant liability.
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The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
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The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes.
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The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities.
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Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
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Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method.
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The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.
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The cash outflow for the purchase of amounts due from customers, clients, lessees, borrowers, or others under the terms of its agreements therewith.
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
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Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest.
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The cash inflow from the additional capital contribution to the entity.
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Amount of expense related to estimated loss from loan and lease transactions.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.
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