Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 46

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 $3,186,639 

See Notes to Consolidated Financial Statements.

5

ARBOR REALTY TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in thousands)Six Months Ended June 30,20252024Operating activities:Net income $79,690 $135,044 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization9,592 4,994 Stock-based compensation8,545 8,772 Amortization and accretion of interest and fees, net6,549 (1,928)Amortization of capitalized mortgage servicing rights35,525 33,518 Originations of loans held-for-sale(1,467,283)(2,017,127)Proceeds from sales of loans held-for-sale, net of gain on sale1,537,874 2,220,661 Mortgage servicing rights(19,061)(24,733)Write-off of capitalized mortgage servicing rights from payoffs5,164 4,418 Provision for loss sharing (net of recoveries)6,002 4,607 Provision for credit losses (net of recoveries)28,079 48,682 Net recoveries for loss sharing obligations605 320 Deferred tax benefit(1,741)(6,896)Income from equity affiliates(1,020)(4,211)Distributions from operations of equity affiliates4,138 12,029 Change in fair value of held-for-sale loans(2,788)31 (Gain) loss on derivative instruments, net(3,619)5,533 Loss on extinguishment of debt2,319 412 Loss (gain) on real estate4,258 (3,813)Payoffs and paydowns of loans held-for-sale6,503 1,353 Changes in operating assets and liabilities(28,734)(91,778)Net cash provided by operating activities210,597 329,888 Investing Activities:Loans and investments funded, originated and purchased, net(1,484,429)(615,518)Payoffs and paydowns of loans and investments962,014 1,345,861 Deferred fees16,002 10,594 Proceeds from sale of real estate, net— 13,928 Contributions to equity affiliates(6