Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 36

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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$134,623 $3,234,308 

See Notes to Consolidated Financial Statements.

4

ARBOR REALTY TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in thousands)Three Months Ended March 31,20252024Operating activities:Net income $43,382 $73,212 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization3,744 2,571 Stock-based compensation5,935 6,020 Amortization and accretion of interest and fees, net2,975 (46)Amortization of capitalized mortgage servicing rights17,758 16,631 Originations of loans held-for-sale(608,808)(857,805)Proceeds from sales of loans held-for-sale, net of gain on sale730,854 1,085,374 Mortgage servicing rights(8,131)(10,199)Write-off of capitalized mortgage servicing rights from payoffs3,106 1,787 Provision for loss sharing (net of recoveries)1,786 273 Provision for credit losses (net of recoveries)9,075 19,118 Net recoveries for loss sharing obligations579 883 Deferred tax benefit(137)(3,952)Loss (income) from equity affiliates1,634 (1,418)Distributions from operations of equity affiliates640 — Change in fair value of held-for-sale loans(1,962)(19)(Gain) loss on derivative instruments, net(3,400)5,257 Loss on extinguishment of debt2,319 — Loss on real estate2,810 — Payoffs and paydowns of loans held-for-sale487 14 Changes in operating assets and liabilities(54,098)(77,745)Net cash provided by operating activities150,548 259,956 Investing Activities:Loans and investments funded, originated and purchased, net(733,121)(313,557)Payoffs and paydowns of loans and investments418,646 670,388 Deferred fees8,308 3,464 Contributions to equity affiliates(4,022)(9,593)Distributions from equity affiliates965 69 Payoffs and paydowns of securities held-to-maturity50 47 Investment in real estate, net