v3.23.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 41,856 $ 41,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 54,570 43,105
Depreciation and amortization 10,013 10,641
Share-based compensation expense 3,036 1,562
Gain on repayment of note payable to BBX Capital (930)  
Loss on disposal of property and equipment 62 22
Increase in deferred income tax liability 7,082 6,040
Changes in operating assets and liabilities:    
Notes receivable (120,667) (79,430)
VOI inventory (58,750) 19,854
Prepaids expense and other assets 261 10,362
Accounts payable, accrued liabilities and other, and deferred income 13,599 15,725
Net cash (used in) provided by operating activities (49,868) 68,924
Investing activities:    
Purchases of property and equipment (8,666) (7,867)
Net cash used in investing activities (8,666) (7,867)
Financing activities:    
Repayments of notes payable and other borrowings (336,388) (195,981)
Proceeds from notes payable and other borrowings 411,674 254,350
Payments for debt issuance costs (5,504) (4,233)
Issuance of common stock from vesting restricted stock awards (8)  
Purchase and retirement of common stock   (30,824)
Dividends paid on common stock (6,815) (3,127)
Net cash provided by financing activities 62,959 20,185
Net increase in cash and cash equivalents and restricted cash 4,425 81,242
Cash, cash equivalents and restricted cash at beginning of period 226,528 183,079
Cash, cash equivalents and restricted cash at end of period 230,953 264,321
Supplemental cash flow information:    
Interest paid on borrowings, net of amounts capitalized 29,643 15,444
Income taxes paid 4,851 5,174
Supplementary disclosure of non-cash investing activities:    
Transfer of property and equipment to inventory   1,501
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 178,740 222,076
Restricted cash 52,213 42,245
Total cash, cash equivalents, and restricted cash $ 230,953 $ 264,321

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