Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 44

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 REALTY TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in thousands)Nine Months Ended September 30,20252024Operating activities:Net income$131,707 $208,591 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization14,947 6,937 Stock-based compensation11,284 11,749 Amortization and accretion of interest and fees, net9,790 (2,186)Originations of loans held-for-sale(3,451,737)(3,119,339)Proceeds from sales of loans held-for-sale, net of gain on sale3,564,689 3,339,638 Payoffs and paydowns of loans held-for-sale6,525 5,116 Mortgage servicing rights(34,598)(37,928)Amortization of capitalized mortgage servicing rights53,344 50,817 Write-off of capitalized mortgage servicing rights from payoffs6,251 5,911 Provision for loss sharing (net of recoveries)14,258 7,787 Provision for credit losses (net of recoveries)47,773 64,903 Net recoveries for loss sharing obligations(1,587)1,156 Deferred tax benefit(3,532)(8,922)Income from equity affiliates(47,224)(7,388)Distributions from operations of equity affiliates52,215 17,017 Change in fair value of held-for-sale loans(2,824)(1,113)(Gain) loss on derivative instruments, net(1,413)4,711 Loss on extinguishment of debt2,319 412 Loss (gain) on real estate4,813 (3,813)Changes in operating assets and liabilities12,326 (129,211)Net cash provided by operating activities389,326 414,845 Investing Activities:Loans and investments funded, originated and purchased, net(2,429,471)(912,530)Payoffs and paydowns of loans and investments1,702,337 1,873,927 Deferred fees22,601 16,176 Proceeds from sale of real estate, net— 14,103 Contributions to equity affiliates(9,943)(17,845)Distributions from equity affiliates23