RCC: the cash flow

Cash Flow Overview

Change in Cash

$11,721K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2025-09-30

2024-12-31

Net income (loss) from continuing operations

16,712

-411,999

Amortization of premiums, discounts, and debt issuance costs, net

33,208

52,541

Stock-based compensation

5,010

8,119

Provision for (recovery of) loan losses

-62,951

292,759

Impairment loss on real estate owned, held for sale

8,476

56,503

Depreciation and amortization on real estate owned

1,100

Repair and denial reserve

1,627

385

Paid-in-kind accrued interest

4,061

77,573

Provision for loan losses on purchased future receivables

2,118

Valuation allowance (recovery), loans held for sale

-38,761

Net (income) loss of unconsolidated joint ventures, net of distributions

1,509

7,702

Realized (gains) losses, net

-132,945

-53,900

Valuation allowance, loans held for sale

124,878

Unrealized (gains) losses, net

626

-15,086

Bargain purchase gain

112,562

13,859

Loans, held for sale, net

556,246

326,035

Derivative instruments

457

-5,234

Assets of consolidated vies (excluding loans, net), accrued interest and due from servicers

-41,127

60,828

Receivable from third parties

6,209

-1,948

Other assets

111,574

58,932

Accounts payable and other accrued liabilities

8,922

-22,214

Net cash provided by operating activities from continuing operations

466,663

286,399

Net cash used for operating activities from discontinued operations

-23,784

-11,584

Net cash provided by operating activities

442,879

274,815

Origination of loans

420,697

826,430

Purchase of loans

Proceeds from disposition and principal payment of loans

1,593,480

2,274,117

Funding of investments held to maturity

2,385

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

964

1,408

Proceeds from sale of real estate, held for sale

57,743

67,240

Investment in unconsolidated joint ventures

20,280

33,239

Distributions in excess of cumulative earnings from unconsolidated joint ventures

9,800

13,593

Payment of liabilities under participation agreements

1,335

14,535

Net cash provided by (used for) disposal of discontinued operations

-3,521

Net cash provided by (used for) asset acquisitions

4,249

Net cash provided by (used for) business acquisitions

-16,020

44,366

Net cash provided by investing activities from continuing operations

1,239,152

1,434,972

Net cash provided by investing activities from discontinued operations

43,316

100,045

Net cash provided by investing activities

1,282,468

1,535,017

Proceeds from secured borrowings

2,710,938

2,102,388

Repayment of secured borrowings

1,870,521

2,166,562

Repayment of the paycheck protection program liquidity facility borrowings

10,451

17,166

Proceeds from issuance of securitized debt obligations of consolidated vies

Repayment of securitized debt obligations of consolidated vies

2,295,827

1,520,669

Proceeds from corporate debt

125,905

Proceeds from senior secured note

290,250

92,119

Repayment of convertible note

Repayment of corporate debt

232,140

Repayment of guaranteed loan financing

147,002

153,422

Payment of deferred financing costs

25,940

12,178

Payment of contingent consideration

Proceeds from issuance of equity, net of issuance costs

Common stock repurchased

65,721

82,250

Settlement of share-based awards in satisfaction of withholding tax requirements

1,964

1,238

Dividend payments

90,716

206,057

Distributions, net

-18

Net cash used for financing activities from continuing operations

-1,739,094

-1,839,148

Net cash provided by (used for) financing activities from discontinued operations

-4,324

-40,632

Net cash used for financing activities

-1,743,418

-1,879,780

Net decrease in cash, cash equivalents, and restricted cash including cash classified within assets held for sale

-18,071

-69,948

Less net decrease in cash and cash equivalents within assets held for sale

-29,792

9,784

Net increase (decrease) in cash, cash equivalents, and restricted cash

11,721

-79,732

Cash and cash equivalents at beginning of period

182,774

262,506

Cash and cash equivalents at end of period

194,495

182,774

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow Overview

Change in Cash

$11,721K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2025-09-30

2024-12-31

Net income (loss) from continuing operations

16,712

-411,999

Amortization of premiums, discounts, and debt issuance costs, net

33,208

52,541

Stock-based compensation

5,010

8,119

Provision for (recovery of) loan losses

-62,951

292,759

Impairment loss on real estate owned, held for sale

8,476

56,503

Depreciation and amortization on real estate owned

1,100

Repair and denial reserve

1,627

385

Paid-in-kind accrued interest

4,061

77,573

Provision for loan losses on purchased future receivables

2,118

Valuation allowance (recovery), loans held for sale

-38,761

Net (income) loss of unconsolidated joint ventures, net of distributions

1,509

7,702

Realized (gains) losses, net

-132,945

-53,900

Valuation allowance, loans held for sale

124,878

Unrealized (gains) losses, net

626

-15,086

Bargain purchase gain

112,562

13,859

Loans, held for sale, net

556,246

326,035

Derivative instruments

457

-5,234

Assets of consolidated vies (excluding loans, net), accrued interest and due from servicers

-41,127

60,828

Receivable from third parties

6,209

-1,948

Other assets

111,574

58,932

Accounts payable and other accrued liabilities

8,922

-22,214

Net cash provided by operating activities from continuing operations

466,663

286,399

Net cash used for operating activities from discontinued operations

-23,784

-11,584

Net cash provided by operating activities

442,879

274,815

Origination of loans

420,697

826,430

Purchase of loans

Proceeds from disposition and principal payment of loans

1,593,480

2,274,117

Funding of investments held to maturity

2,385

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

964

1,408

Proceeds from sale of real estate, held for sale

57,743

67,240

Investment in unconsolidated joint ventures

20,280

33,239

Distributions in excess of cumulative earnings from unconsolidated joint ventures

9,800

13,593

Payment of liabilities under participation agreements

1,335

14,535

Net cash provided by (used for) disposal of discontinued operations

-3,521

Net cash provided by (used for) asset acquisitions

4,249

Net cash provided by (used for) business acquisitions

-16,020

44,366

Net cash provided by investing activities from continuing operations

1,239,152

1,434,972

Net cash provided by investing activities from discontinued operations

43,316

100,045

Net cash provided by investing activities

1,282,468

1,535,017

Proceeds from secured borrowings

2,710,938

2,102,388

Repayment of secured borrowings

1,870,521

2,166,562

Repayment of the paycheck protection program liquidity facility borrowings

10,451

17,166

Proceeds from issuance of securitized debt obligations of consolidated vies

Repayment of securitized debt obligations of consolidated vies

2,295,827

1,520,669

Proceeds from corporate debt

125,905

Proceeds from senior secured note

290,250

92,119

Repayment of convertible note

Repayment of corporate debt

232,140

Repayment of guaranteed loan financing

147,002

153,422

Payment of deferred financing costs

25,940

12,178

Payment of contingent consideration

Proceeds from issuance of equity, net of issuance costs

Common stock repurchased

65,721

82,250

Settlement of share-based awards in satisfaction of withholding tax requirements

1,964

1,238

Dividend payments

90,716

206,057

Distributions, net

-18

Net cash used for financing activities from continuing operations

-1,739,094

-1,839,148

Net cash provided by (used for) financing activities from discontinued operations

-4,324

-40,632

Net cash used for financing activities

-1,743,418

-1,879,780

Net decrease in cash, cash equivalents, and restricted cash including cash classified within assets held for sale

-18,071

-69,948

Less net decrease in cash and cash equivalents within assets held for sale

-29,792

9,784

Net increase (decrease) in cash, cash equivalents, and restricted cash

11,721

-79,732

Cash and cash equivalents at beginning of period

182,774

262,506

Cash and cash equivalents at end of period

194,495

182,774

Time Plot

Show the time plot by selecting a row from the table.