Annual report pursuant to Section 13 and 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.22.4
Cash, Cash Equivalents and Restricted Cash (Tables)
 12 Months Ended
Dec. 31, 2022
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 December 31, 2022 and December 31, 2021:
(in thousands) December 31,
2022		 December 31,
2021
Restricted cash balances held by trading counterparties:
For securities trading activity $ 2,202  $ 23,800 
For derivatives trading activity 79,220  136,271 
For servicing activities 36,690  26,704 
As restricted collateral for borrowings
 324,854  747,979 
Total restricted cash balances held by trading counterparties 442,966  934,754 
Restricted cash balance pursuant to letter of credit on office lease 60  60 
Total $ 443,026  $ 934,814 
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 consolidated balance sheets as of December 31, 2022 and December 31, 2021 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) December 31,
2022		 December 31,
2021
Cash and cash equivalents $ 683,479  $ 1,153,856 
Restricted cash 443,026  934,814 
Total cash, cash equivalents and restricted cash $ 1,126,505  $ 2,088,670