Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.21.2
Cash, Cash Equivalents and Restricted Cash (Tables)
 9 Months Ended
Sep. 30, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]  
Schedule of Restricted Cash and Cash Equivalents
The following table presents the Company’s restricted cash balances as of September 30, 2021 and December 31, 2020:
(in thousands) September 30,
2021		 December 31,
2020
Restricted cash balances held by trading counterparties:
For securities trading activity $ 23,800  $ 44,800 
For derivatives trading activity 249,028  70,600 
For servicing activities 13,651  19,768 
As restricted collateral for borrowings
 497,435  1,126,439 
Total restricted cash balances held by trading counterparties 783,914  1,261,607 
Restricted cash balance pursuant to letter of credit on office lease 60  60 
Total $ 783,974  $ 1,261,667 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) September 30,
2021		 December 31,
2020
Cash and cash equivalents $ 1,076,216  $ 1,384,764 
Restricted cash 783,974  1,261,667 
Total cash, cash equivalents and restricted cash $ 1,860,190  $ 2,646,431