For the year ending 2025-12-31, WD had $16,477K increase in cash & cash equivalents over the period. -$680,082K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income before noncontrolling interests and temporary equity holders | 56,985 |
| Gains attributable to the fair value of future servicing rights, net of guaranty obligation | 179,681 |
| Change in the fair value of premiums and origination fees (note 2) | -1,865 |
| Amortization and depreciation | 238,682 |
| Stock compensation-equity and liability classified | 26,747 |
| Provision (benefit) for credit losses | 9,586 |
| Indemnified and repurchased loans expenses - loan repurchase losses (note 5) | 20,092 |
| Deferred tax expense (benefit) | -5,829 |
| Fair value adjustments to contingent consideration liabilities | -8,243 |
| Impairment of real estate held for investment and equity method investment | 18,615 |
| Originations of loans held for sale | 17,178,944 |
| Proceeds from transfers of loans held for sale | 16,345,181 |
| Other operating activities, net | 7,736 |
| Receivables, net | 83,479 |
| Other assets | -29,203 |
| Other liabilities | 37,174 |
| Net cash provided by (used in) operating activities | -664,310 |
| Capital expenditures | 15,772 |
| Capital invested in equity-method investments | 26,547 |
| Purchases of pledged available-for-sale ('afs') securities | 46,989 |
| Proceeds from prepayment and sale of pledged afs securities | 26,623 |
| Originations and repurchase of loans held for investment | 24,381 |
| Other investing activities, net | -9,725 |
| Net cash provided by (used in) investing activities | -77,341 |
| Borrowings (repayments) of warehouse notes payable, net | 824,546 |
| Repayments of corporate notes payable | 331,856 |
| Borrowings of corporate notes payable | 398,875 |
| Repurchase of common stock | 10,453 |
| Cash dividends paid | 91,802 |
| Payment of contingent consideration | 12,347 |
| Debt issuance costs | 16,011 |
| Other financing activities, net | -2,824 |
| Net cash provided by (used in) financing activities | 758,128 |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (note 2) | 16,477 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 327,898 |
| Total of cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 344,375 |
Walker & Dunlop, Inc. (WD)
Walker & Dunlop, Inc. (WD)