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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Broadmark Realty Capital Inc. (BRMK)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Cash flows from operating activities          
Net income (loss)  -129.9-116.458.877.980.282.582.781.8
   
Adjustments to reconcile net income to net cash from operating activities:          
    Accretion of deferred origination and amendment fees  -20.4-21.6-23.9-24.7-26.4-27.7-28.6-36.9
    Depreciation and amortization  2.82.82.42.32.42.01.60.4
    Goodwill impairment          
    Amortization of right of use assets  0.40.40.40.40.40.40.40.6
    Amortization of debt issuance costs  0.60.60.40.30.1   
    Amortization of credit facility costs  1.51.51.51.51.51.30.90.5
    Stock-based compensation expense for restricted stock units  3.73.84.23.83.73.53.64.6
    Provision for credit losses, net  38.238.317.57.95.26.25.42.8
    Gain on sale of real property  -0.7 -1.0-1.0-0.3   
    Impairment  8.67.61.8-0.3    
    Change in fair value of warrant liabilities   -1.8-1.2-2.11.81.82.11.4
    Changes in operating assets and liabilities:          
        Interest and fees receivable, net  2.01.5-2.4-5.3-3.0-3.2-2.8-3.2
        Other assets  0.50.0-0.7-0.30.10.40.01.3
        Accounts payable and accrued liabilities  2.86.66.42.7-1.4-1.4-0.31.4
        Lease liabilities  -0.5-0.5-0.5-0.5-0.5-0.4-0.4-0.5
            Net cash provided by operating activities  43.657.262.361.862.364.164.752.3
   
Cash flows from investing activities:          
    Fundings of mortgage notes receivable  -619.1-664.4-786.1-810.4-798.8   
    Principal collections  477.3500.5617.4534.9550.7569.1338.4228.2
    Origination and amendment fees received on mortgage notes receivable  14.515.119.015.413.613.96.03.6
    Purchases of property and equipment   -0.1-0.2-0.3-0.5-0.5-0.4-0.2
    Proceeds from sale of real property  6.48.48.911.88.84.38.05.0
    Improvements in real property  -6.3-5.9-6.3-6.5-5.6-4.4-3.4-1.8
    Repurchase of participations in mortgage notes receivable          
        Net cash provided by (used in) investing activities  -3.4-22.7-23.5-174.8-154.1-136.1-89.51.0
   
Cash flows from financing activities:          
    Dividends paid  -92.9-106.9-111.5-111.5-111.4-110.1-106.0-102.0
    Purchase of treasury stock          
    Proceeds from issuance of senior unsecured notes          
    Payment of debt issue costs          
    Payment of costs to obtain financing          
    Proceeds from borrowings on credit facilities          
    Repayment of borrowings on credit facilities          
    Payment of taxes on shares withheld for tax liability  -0.7-0.8-0.9 -0.8-0.5-0.3 
        Net cash used in financing activities  -98.3-112.4-15.0-15.1-15.1-18.5-111.5-107.3
    Net decrease in cash and cash equivalents  -58.1-77.923.8-128.1-106.9-90.5-200.8-74.2
   
Supplemental disclosure of cash flow information:          
    Interest paid          
    Supplemental disclosure of non-cash investing and financing activities:          
        Dividends payable          
        Measurement Period Adjustment to Goodwill and Intangible Assets          
        Mortgage notes receivable converted to investment in real property          
        Investments in real property converted to mortgage notes receivable          
        Interest and fee receivables converted to investments in real property          
        Operating lease right-of-use assets          
        Lease liabilities arising from obtaining right-of-use assets          
        Property and equipment purchased through tenant improvement allowance          

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