Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 121

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 121
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 of loans; (iii) payment of operating expenses; and (iv) repayment of borrowings and repurchases or redemptions of outstanding indebtedness.

Our cash flow from operating activities when combined with net proceeds from our portfolio financing activities, as well as capacity through existing facilities, provide adequate resources to fund our anticipated ongoing cash requirements. We rely on these facilities to fund operating activities. As the facilities mature, management believes it will either renew existing facilities or obtain sufficient additional lines of credit. Future debt maturities will be funded with cash and cash equivalents, cash flow from operating activities including portfolio investing and financing activities, and, if necessary, future access to capital markets. We continue to optimize the use of balance sheet cash to avoid unnecessary interest carrying costs.

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Cash Flows

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

For the six months ended June 30, 2025For the six months ended June 30, 2024Net cash provided by (used in):Operating activities$(188,555)$(236,241)Investing activities183,472 251,797 Financing activities(60,226)6,303 Effect of exchange rate changes on cash and cash equivalents(7)(47)Net increase (decrease) in cash and cash equivalents and restricted cash$(65,316)$21,812 Net increase (decrease) in cash and cash equivalents$(907)$27 Net increase (decrease) in restricted cash(64,409)21,785 

Our cash and cash equivalents and restricted cash decreased by $65.3 million for the six months ended June 30, 2025 compared to an increase of $21.8 million during the comparable period in 2024. Our cash and cash equivalents, excluding restricted cash, decreased $0.9 million for the six months ended June 30, 2025 and stayed relatively consistent during the comparable period in 2024.

Operating Cash Flow

Cash flows from operating activities improved by $47.7 million for the six months ended June 30, 2025 compared to the corresponding 2024 period. The improvement was primarily attributable to changes in payables and other liabilities.

Investing Cash Flow

The decrease of $68.3 million in cash flows from our investing activities during the six months ended June 30, 2025 compared to the 2024 period was primarily attributable to a $57.7 million increase in cash used for purchases