Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income (loss) $ (16,947) $ 7,903
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 32,141 1,698
Provision for losses 4,680 1,172
Change in fair value of warrant liabilities (8,726) 4,065
Change in fair value of contract derivatives, net (93) 787
Other expense (income) 828 (621)
Share-based payment arrangements 8,652 18
Deferred income tax benefit (4,051) 0
Increase (decrease) in operating capital:    
Increase in advances (25,206) (5,673)
Increase in due from affiliates 0 (1,839)
Decrease in other assets 2,927 2,190
Increase (decrease) in accounts payable and accrued expenses (4,077) 2,664
Increase (decrease) in funding commitments (6,182) 3,779
Increase in due to affiliates 0 761
Increase (decrease) in other liabilities (1,946) 202
Net cash provided by (used in) operating activities (18,000) 17,106
Cash Flows From Investing Activities    
Return of investments in loan pool participation and loan principal repayments 586 832
Payments to acquire loans and participations in loan pools (1,438) (1,170)
Payments to acquire property and equipment (1,265) (1,066)
Net cash used in investing activities (2,117) (1,404)
Cash Flows From Financing Activities    
Proceeds from borrowings under line of credit 0 20,746
Repayments of borrowings under line of credit 0 (14,758)
Payments for share-based payment tax withholding (103) 0
Payments for repurchase of common stock (2,004) 0
Payment of capital distributions (1,182) (7,522)
Payment of debt issuance costs 0 (491)
Net cash used in financing activities (3,289) (2,025)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (23,406) 13,677
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 93,900 52,705
Cash, Cash Equivalents, and Restricted Cash, End of Period 70,494 66,382
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 559 537
Cash paid during the period for income taxes, net 3,360 0
Noncash Investing and Financing Activities    
Distributions declared, but not paid 1,330 0
Preferred dividends, paid in-kind 0 55,702
Change in temporary equity redemption value 0 179,470
Capital expenditures incurred but not yet paid $ 400 $ 0