Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 21

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 21
---
— Change in operating assets and liabilities:Fees and other receivables(24,004)(20,740)(46,453)Prepaid expenses and other assets(9,239)12,912 (23,227)Right-of-use assets1,115 3,854 7,742 Accounts payable5,678 (448)(9,841)Accrued expenses and other liabilities6,861 (17,770)32,403 Operating lease liability522 (3,712)(11,192)Income taxes21,159 5,019 8,632 Net cash provided by (used in) operating activities66,520 9,577 (40,000)Cash flows from investing activitiesProceeds from the sale/maturity/prepayment of:Investments in loans and securities227,771 172,061 112,897 Short-term deposits— — 5,020 Equity method and other investments31 — 453 Cash and restricted cash acquired from Darwin Homes, Inc. — 1,608 — Payments for the purchase of:Investments in loans and securities(693,941)(566,173)(355,633)Property and equipment(17,737)(20,189)(22,406)Intangible assets(5,500)— — Equity method and other investments(175)— (5,750)Acquisition of Theorem Technology, Inc., net of cash acquired(9,094)— — Net cash used in investing activities(498,645)(412,693)(265,419)Cash flows from financing activitiesProceeds from sale of ordinary shares, net of issuance costs89,956 — — Proceeds from sale of ordinary shares in connection with the Business Combination and PIPE Investment, net of issuance costs— — 291,872 Proceeds from issuance of redeemable convertible preferred shares, net— 74,250 — Proceeds from long-term debt341,845 — — Proceeds from exchangeable notes152,000 — — Proceeds from secured borrowing265,656 338,472 139,413 Proceeds received from noncontrolling interests63,960 19,955 105,469 Proceeds from revolving credit facility59,000 130,000 42,100 Proceeds from exercise of stock options, warrants and contributions to ESPP3,305 4,334 1,