Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 139

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 139
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 87,667 Balance at December 31, 202437,255,838 $37 $389,693 $(27,750)$95,718 $457,698 $77,679 $121,394 $656,771 

(1)    Exchange included $181 in cash.

F-8

TIPTREE INC. AND SUBSIDIARIESConsolidated Statements of Changes in Stockholders’ Equity(in thousands, except share data)

See accompanying notes to consolidated financial statements.

F-9

TIPTREE INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows(in thousands)

For the Year Ended December 31,202420232022Operating Activities:Net income (loss) attributable to common stockholders$53,367 $13,951 $(8,274)Net income (loss) attributable to non-controlling interests34,300 26,046 11,835 Net income (loss)87,667 39,997 3,561 Adjustments to reconcile net income to net cash provided by (used in) operating activitiesNet realized and unrealized (gains) losses (50,569)(24,736)(69,983)Net (gain) loss on held for sale of business— — (3,825)Non-cash compensation expense17,721 8,275 9,705 Amortization/accretion of premiums and discounts(6,002)(7,556)976 Depreciation and amortization expense21,653 23,466 22,973 Non-cash lease expense7,815 7,951 9,301 Deferred provision (benefit) for income taxes31,141 37,024 47,548 Amortization of deferred financing costs1,213 1,125 1,341 Change in fair value of liability classified warrants7,436 (1,769)(939)Other434 148 1,137 Changes in operating assets and liabilities:Mortgage loans originated for sale(946,183)(876,914)(2,136,005)Proceeds from the sale of mortgage loans originated for sale975,186 903,354 2,403,223 (Increase) decrease in notes and accounts receivable(110,947)(160,501)(13,227)(Increase) decrease in reinsurance recoverable(38,997)(505,700)(203,874