| Cash Flow | 2024-12-31 |
|---|---|
| Provision for loan losses | 292,759 |
| Valuation allowance, loans held for sale | 124,878 |
| Bargain purchase gain | -13,859 |
| Impairment loss on real estate owned, held for sale | 56,503 |
| Net income (loss) from continuing operations | -411,999 |
| Amortization of premiums, discounts, and debt issuance costs, net | 52,541 |
| Stock-based compensation | 8,119 |
| Repair and denial reserve (recovery) | 385 |
| Paid-in-kind accrued interest | -77,573 |
| Provision for loan losses on purchased future receivables | 2,118 |
| Loans, held for sale, net | 326,035 |
| Net income (loss) of unconsolidated joint ventures, net of distributions | -7,702 |
| Realized (gains) losses, net | 53,900 |
| Unrealized (gains) losses, net | 15,086 |
| Derivative instruments | 5,234 |
| Assets of consolidated vies (excluding loans, net), accrued interest and due from servicers | -60,828 |
| Receivable from third parties | 1,948 |
| Other assets | -58,932 |
| Accounts payable and other accrued liabilities | -22,214 |
| Net cash provided by operating activities from continuing operations | 286,399 |
| Net cash provided by (used for) operating activities from discontinued operations | -11,584 |
| Net cash provided by operating activities | 274,815 |
| Origination of loans | -826,430 |
| Purchase of loans | - |
| Proceeds from disposition and principal payment of loans | 2,274,117 |
| Funding of investments held to maturity | - |
| Proceeds from principal payments of investments held to maturity | - |
| Proceeds from sale and principal payment of mortgage-backed securities | - |
| Funding of real estate, held for sale | -1,408 |
| Proceeds from sale of real estate, held for sale | 67,240 |
| Investment in unconsolidated joint ventures | -33,239 |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | 13,593 |
| Payment of liabilities under participation agreements | -14,535 |
| Net cash provided by (used for) business acquisitions | -44,366 |
| Net cash provided by (used for) investing activities from continuing operations | 1,434,972 |
| Net cash provided by (used for) investing activities from discontinued operations | 100,045 |
| Net cash provided by (used for) investing activities | 1,535,017 |
| Proceeds from secured borrowings | 2,102,388 |
| Repayment of secured borrowings | -2,166,562 |
| Repayment of the paycheck protection program liquidity facility borrowings | -17,166 |
| Proceeds from issuance of securitized debt obligations of consolidated vies | - |
| Repayment of securitized debt obligations of consolidated vies | -1,520,669 |
| Proceeds from corporate debt | 125,905 |
| Proceeds from senior secured note | 92,119 |
| Repayment of convertible note | - |
| Repayment of guaranteed loan financing | -153,422 |
| Payment of deferred financing costs | -12,178 |
| Payment of contingent consideration | - |
| Proceeds from issuance of equity, net of issuance costs | - |
| Common stock repurchased | -82,250 |
| Settlement of share-based awards in satisfaction of withholding tax requirements | -1,238 |
| Dividend payments | -206,057 |
| Distributions, net | -18 |
| Net cash provided by (used for) financing activities from continuing operations | -1,839,148 |
| Net cash provided by (used for) financing activities from discontinued operations | -40,632 |
| Net cash provided by (used for) financing activities | -1,879,780 |
| Net decrease in cash, cash equivalents, and restricted cash including cash classified within assets held for sale | -69,948 |
| Less net increase (decrease) in cash and cash equivalents within assets held for sale | -9,784 |
| Net decrease in cash, cash equivalents, and restricted cash | -79,732 |
| Cash and cash equivalents at beginning of period | 262,506 |
| Cash and cash equivalents at end of period | 182,774 |
Ready Capital Corp (RC)
Ready Capital Corp (RC)