Cash flow Statement (Quarterly, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
Income |
400.56 |
290.63 |
195.58 |
102.25 |
353.83 |
Depreciation & amortization |
9.74 |
7.30 |
5.01 |
2.62 |
8.73 |
Amortization of Other Assets |
63.09 |
46.92 |
31.02 |
15.42 |
59.88 |
Increase (Decrease) in Deferred Revenue
|
- |
- |
- |
- |
- |
Impairment of Real Estate |
- |
- |
- |
- |
- |
Provision for Loan and Lease Losses |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets |
- |
- |
- |
- |
- |
Share-based Compensation |
14.94 |
12.14 |
9.09 |
5.90 |
14.97 |
Income (Loss) from Equity Method Investments |
-24.28 |
-20.69 |
-19.89 |
-14.33 |
-14.25 |
Financial Instruments and Foreign Currency Transaction |
-193.88 |
-9.88 |
-127.35 |
-111.85 |
714.11 |
Equity Method Investment Other Than Temporary Impairment |
- |
- |
- |
- |
- |
Gain Loss On Exchange Of Profits Interest |
- |
- |
- |
- |
- |
Noncash Losses Gains On Sale And Restructuring Of Loans |
- |
- |
- |
- |
- |
Adjustment For Amortization And Accretion Of Interest And Fees |
- |
- |
- |
- |
- |
Increase Decrease In Fair Value Of Unhedged Derivative Instruments |
- |
- |
- |
- |
- |
Incentive Compensation To Manager Related Party |
- |
- |
- |
- |
- |
Reversal Of Liabilities Related To Discontinued Operations |
- |
- |
- |
- |
- |
Gain On Acceleration Of Deferred Income |
- |
- |
- |
- |
- |
Amortization And Accretion Of Interest Fees And Intangible Assets |
-3.08 |
-1.86 |
-0.24 |
-10.02 |
-6.78 |
Originated Mortgage Servicing Rights Revenue |
-48.77 |
-34.66 |
-18.46 |
-52.29 |
-32.88 |
Write Off Of Capitalized Mortgage Servicing Rights From Payoffs |
11.76 |
8.91 |
3.31 |
37.32 |
25.55 |
Amortization And Accretion Of Interest And Fees |
- |
- |
- |
- |
- |
Litigation Settlement Expense |
22.51 |
15.01 |
4.75 |
16.55 |
11.44 |
Change In Fair Value Of Held For Sale Loans |
-1.63 |
-2.22 |
-2.96 |
12.16 |
4.38 |
Income taxes |
-7.35 |
-6.63 |
-4.20 |
3.16 |
-1.74 |
Gains (Losses) on Sales of Investment Real Estate |
- |
- |
- |
- |
- |
Increase (Decrease) in Due from Related Parties, Current, Total |
- |
- |
- |
- |
- |
Accounts Payable |
- |
- |
- |
- |
- |
Accrued Expense |
- |
- |
- |
- |
- |
Deferred Revenue and Customer Advances and Deposits |
- |
- |
- |
- |
- |
Prepaid Expense and Other Assets |
- |
- |
- |
- |
- |
Other Working Capital |
-74.34 |
-209.21 |
-18.74 |
-71.47 |
-70.59 |
Other Noncash Items |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
108.69 |
67.14 |
45.91 |
25.11 |
34.71 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
235.86 |
158.50 |
101.62 |
-56.79 |
1,099.65 |
Capital Expenditures |
- |
- |
- |
- |
- |
Sale of Capital Items |
- |
- |
- |
- |
- |
Proceeds from Sale of Available-for-sale Securities, Debt |
- |
- |
- |
- |
- |
Payments to Acquire Held-to-maturity Securities |
- |
- |
- |
- |
- |
Proceeds from Sale of Real Estate Held-for-investment |
- |
- |
- |
- |
- |
Due To Due From Borrowers And Reserves |
-92.36 |
- |
- |
-152.04 |
9.36 |
Proceeds From Payments For Investments In Real Estate Owned Net |
- |
- |
- |
- |
- |
Redemption Of Investment In Preferred Shares |
- |
- |
- |
- |
- |
Proceeds From Borrowers Funds |
- |
- |
- |
- |
- |
Payment For Loans And Investments Funded Originated And Purchased Net |
-1,061.87 |
-867.80 |
-380.63 |
-5,418.11 |
-4,661.89 |
Increase Decrease In Customer Liability Deferred Revenue |
13.62 |
7.95 |
2.58 |
50.39 |
39.51 |
Restricted Cash and Investments Increase (Decrease) |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Loans |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits |
- |
- |
- |
- |
- |
Proceeds from Insurance Settlement, Investing Activities |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Federal Reserve and Federal Home Loan Bank |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
- |
- |
- |
- |
- |
Interest in Subsidiaries and Affiliates |
-3.43 |
14.52 |
11.20 |
11.07 |
- |
Sale of businesses |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Proceeds from Sale and Collection of Loans Receivable |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
- |
- |
- |
- |
- |
Other Net |
3,364.44 |
2,544.92 |
1,876.99 |
1,195.03 |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
1,878.98 |
1,418.84 |
1,028.33 |
828.04 |
- |
Short-term debt Net |
-503.80 |
-362.71 |
-172.57 |
-98.30 |
- |
Other borrowing transactions |
-9.84 |
-7.72 |
-6.09 |
-3.87 |
- |
Long-term debt - borrowings |
- |
- |
- |
- |
- |
Long-term debt - repayments |
-149.60 |
-149.60 |
-149.60 |
-70.75 |
- |
Federal Home Loan Bank and Federal Funds |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
156.23 |
156.23 |
72.24 |
73.07 |
- |
Proceeds from Contributions from Affiliates |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Deposits, Annuities, Contract Holders Funds |
- |
- |
- |
- |
- |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-8.36 |
-8.35 |
-5.13 |
-5.11 |
- |
Payment For Payoff Of Junior Subordinated Notes To Subsidiary Trust Issuing Preferred Securities |
- |
- |
- |
- |
- |
Payments On Financial Instruments Underlying Linked Transactions |
- |
- |
- |
- |
- |
Receipts On Financial Instruments Underlying Linked Transactions |
- |
- |
- |
- |
- |
Proceeds From Issuance Of Secured Loan |
- |
- |
- |
- |
- |
Proceeds From Issuance Of Secured Loan Obligation |
- |
- |
- |
- |
- |
Payment Of Expenses On Issuance Of Preferred Stock |
- |
- |
- |
- |
- |
Payments For Repurchase Of Warrants Net |
- |
- |
- |
- |
- |
Repayment Of Secured Loan Obligations |
-856.86 |
-689.72 |
-344.55 |
-441.00 |
-441.00 |
Payments Of Ordinary Dividends Preferred Stock And Preference Stock Private Reit |
- |
- |
- |
- |
- |
Proceeds From Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings |
- |
- |
- |
- |
- |
Proceeds From Secured Debt Repurchase Agreements Loan Participations Warehouse Agency Credit Facilities And Notes Payable |
- |
- |
- |
- |
- |
Repayments Of Junior Subordinate Notes To Subsidiary Trust Securities |
- |
- |
- |
- |
- |
Proceeds From Convertible Senior Unsecured Notes Payable |
- |
- |
- |
287.50 |
- |
Payments of Dividends, Preferred Stock and Preference Stock |
- |
- |
- |
- |
- |
Dividends paid |
-380.64 |
-282.03 |
-184.02 |
-90.53 |
- |
Net Cash flow from
Financing Activities |
-1,825.79 |
-1,511.05 |
-1,134.89 |
-540.04 |
- |
Effect of exchange rate on cash flow |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
235.86 |
158.50 |
101.62 |
-56.79 |
1,099.65 |
Total Cash Flow |
289.04 |
66.29 |
-4.94 |
231.22 |
- |
Cash & cash equiv. at beg.
of the Year |
534.36 |
534.36 |
534.36 |
534.36 |
- |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
30.13 |
22.92 |
11.14 |
1.03 |
- |