Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 87

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 87
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 85

#### Cash Flows
The following table presents amounts from our Condensed Consolidated Statements of Cash Flows (in thousands):

|                                                                  |     |              | For the six months ended June 30, 2024 |     |   | For the six months ended June 30, 2023 |
|:-----------------------------------------------------------------|:----|:-------------|---------------------------------------:|:----|:--|---------------------------------------:|
|                                                                  |     | -As Restated |                                        |     |   |                                        |
| Net cash provided by (used in):                                  |     |              |                                        |     |   |                                        |
| Operating activities                                             |     | $            |                               -236,241 |     | $ |                                115,682 |
| Investing activities                                             |     |              |                                251,797 |     |   |                                -46,320 |
| Financing activities                                             |     |              |                                  6,303 |     |   |                                  1,095 |
| Effect of exchange rate changes on cash and cash equivalents     |     |              |                                    -47 |     |   |                                     19 |
| Net increase in cash and cash equivalents and restricted cash(1) |     | $            |                                 21,812 |     | $ |                                 70,476 |
| Net increase (decrease) in cash and cash equivalents             |     | $            |                                     27 |     | $ |                                -15,303 |
| Net increase in restricted cash                                  |     |              |                                 21,785 |     |   |                                 85,779 |

(1) Amounts presented contain results from both continuing and discontinued operations. Refer to Note 4 - Discontinued Operations in the Notes to Condensed Consolidated Financial Statements for additional information regarding cash flow associated with the results of discontinued operations.

Our cash and cash equivalents and restricted cash increased by $21.8 million for the six months ended June 30, 2024 compared to an increase of $70.5 million during the comparable period in 2023. Our cash and cash equivalents, excluding restricted cash, stayed relatively consistent for the six months ended June 30, 2024 compared to a decrease of $15.3 million during the comparable period in 2023.

Operating Cash Flow

Cash flows from operating activities decreased by $351.9 million for the six months ended June 30, 2024 compared to the corresponding 2023 period. The decrease was primarily