Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 138

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 138
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 increase in cash and restricted cash(164,443)7,880 Cash and restricted cash—beginning of period (NOTE 2)381,374 184,006 Deconsolidation of cash and restricted cash from controlled investments related to business dispositions— (1,464)Cash and restricted cash—end of period (NOTE 2)$216,931 $190,422 

During the nine months ended September 30, 2025, operating activities used cash of $427.8 million, consisting primarily of $778.0 million of funding loans held for sale. This use of cash was partially offset by (i) $310.2 million of proceeds from the sale of loans; and (ii) $52.0 million from the payment of settlement receivables.

Cash used by investing activities was $193.9 million primarily comprised (i) $242.8 million in the net increase in loans held for investment, at cost; (ii) $15.8 million in contributions to joint ventures and other non-control investments; and (iii) $11.6 million in purchases of available-for-sale securities. These uses were partially offset by (i) a $53.9 million principal received on loans held for investment, at fair value; and (ii) $18.0 million in maturities of available-for-sale securities.

Net cash provided by financing activities was $457.3 million consisting primarily of a (i) $390.2 million of borrowings on bank notes payable; (ii) $204.4 million net increase in deposits; (iii) $48.2 million of proceeds from preferred stock, net of offering costs; and (iv) $30.0 million of proceeds from the 2030 Notes. These sources of cash were partially offset by (i) $295.5 million repayment of bank notes payable; (ii) $46.7 million of principal payments related to Notes Payable - Securitization Trusts; (iii) $30.0 million maturity of the 2025 5.00% Notes; and (iv) $16.2 million of dividends paid.

100

Contractual Obligations

The following table represents the Company’s obligations and commitments as of September 30, 2025. Amounts represent principal only and are not shown net of unamortized debt issuance costs. See NOTE 11—BORROWINGS.

Payments due by periodContractual ObligationsTotal202520