Component: (Network and Table)
Network
00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.impaccompanies.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001000298 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net earnings (loss)
46,670,000  
80,799,000  
(6,322,000) 
Loss on sale of mortgage servicing rights
10,688,000  
8,046,000  
(1,113,000) 
Change in fair value of mortgage servicing rights
24,388,000  
10,939,000  
6,229,000  
Gain on sale of AmeriHome
  
(1,208,000) 
Gain on sale of mortgage loans
(309,185,000) 
(162,988,000) 
(23,668,000) 
Change in fair value of mortgage loans held-for-sale
22,000  
(404,000) 
(6,857,000) 
Change in fair value of derivatives lending, net
(1,807,000) 
(6,916,000) 
27,000  
Provision for repurchases
379,000  
1,012,000  
2,253,000  
Origination of mortgage loans held-for-sale
(12,924,252,000) 
(9,258,350,000) 
(2,845,494,000) 
Sale and principal reduction on mortgage loans held-for-sale
13,026,911,000  
9,252,839,000  
2,736,431,000  
Losses from REO
5,934,000  
6,595,000  
(7,581,000) 
Change in fair value of net trust assets, excluding REO
(7,347,000) 
(5,021,000) 
(8,658,000) 
Change in fair value of long-term debt
14,436,000  
8,661,000  
4,014,000  
Accretion of interest income and expense
126,598,000  
148,121,000  
180,478,000  
Amortization of intangible and other assets
4,769,000  
3,576,000  
 
Accretion of contingent consideration
6,997,000  
8,142,000  
 
Change in fair value of contingent consideration
30,145,000  
(45,920,000) 
 
Amortization of debt issuance costs and discount on note payable
440,000  
334,000  
48,000  
Stock-based compensation
2,131,000  
1,613,000  
1,921,000  
Impairment of deferred charge
1,278,000  
1,558,000  
453,000  
Change in deferred tax assets
 
(24,420,000) 
 
Net change in restricted cash
(2,497,000) 
(1,054,000) 
(953,000) 
Net change in other assets and liabilities
8,778,000  
3,502,000  
(19,000) 
Net cash provided by operating activities
65,476,000  
 
30,664,000  
 
29,981,000  
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Net change in securitized mortgage collateral
619,844,000  
649,454,000  
634,714,000  
Proceeds from the sale of mortgage servicing rights
6,837,000  
67,111,000  
28,388,000  
Finance receivable advances to customers
(928,238,000) 
(664,550,000) 
(76,317,000) 
Repayments of finance receivables
901,669,000  
636,540,000  
67,959,000  
Net change in mortgages held-for-investment
46,000  
46,000  
7,000  
Purchase of premises and equipment
(266,000) 
109,000  
(18,000) 
Net principal change on investment securities available-for-sale
47,000  
90,000  
76,000  
Acquisition of CashCall Mortgage
 
(7,500,000) 
 
Proceeds from the sale of REO
41,962,000  
33,087,000  
36,288,000  
Proceeds from the sale of AmeriHome
  
10,200,000  
Net cash provided by investing activities
641,901,000  
 
714,387,000  
 
701,297,000  
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Net proceeds from issuance of common stock
47,531,000  
  
Issuance of convertible notes
 
25,000,000  
 
Issuance of term financing
 
30,000,000  
 
Repayment of warehouse borrowings
(12,318,880,000) 
(8,825,747,000) 
(2,611,066,000) 
Borrowings under warehouse agreement
12,413,837,000  
8,924,645,000  
2,718,150,000  
Repayment of line of credit
 
(11,000,000) 
(28,250,000) 
Borrowings under line of credit
 
7,000,000  
29,250,000  
Repayment of short-term borrowing
 
(15,000,000) 
 
Payment of acquisition related contingent consideration
(54,149,000) 
(38,110,000) 
 
Short-term borrowing
 
15,000,000  
 
Repayment of securitized mortgage borrowings
(787,644,000) 
(828,195,000) 
(844,499,000) 
Principal payments on short-term debt
 
(6,000,000) 
6,000,000  
Principal payments on capital lease
(503,000) 
(781,000) 
(736,000) 
Debt issuance costs
(100,000) 
(500,000) 
(60,000) 
Proceeds from exercise of stock options
218,000  
973,000  
37,000  
Net cash used in financing activities
(699,690,000) 
 
(722,715,000) 
 
(731,174,000) 
 
Net change in cash and cash equivalents
7,687,000  
 
22,336,000  
 
104,000  
 
Cash and cash equivalents at beginning of year
32,409,000  
10,073,000  
9,969,000  
Cash and cash equivalents at end of year
40,096,000  
 
32,409,000  
 
10,073,000  
 
SUPPLEMENTARY INFORMATION:
 
 
 
Interest paid
77,469,000  
63,283,000  
56,595,000  
Taxes paid, net of refunds
339,000  
1,229,000  
725,000  
NON-CASH TRANSACTIONS:
 
 
 
Transfer of securitized mortgage collateral to real estate owned
39,706,000  
40,471,000  
33,377,000  
Mortgage servicing rights retained from loan sales and issuance of mortgage backed securities
128,273,000  
98,103,000  
29,388,000  
Common stock issued upon conversion of debt
20,000,000  
  
Acquisition of equipment purchased through capital lease
551,000  
413,000  
573,000  
Acquisition related goodwill asset related to CashCall
 
104,586,000  
 
Acquisition related intangible assets related to CashCall
 
33,122,000  
 
Acquisition related contingent consideration liability related to CashCall
 
124,592,000  
 
Common stock issued upon legal settlement
  
3,448,000  
Common stock issued related to CashCall acquisition
 
6,150,000