Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.20.2
Cash, Cash Equivalents and Restricted Cash (Tables)
 9 Months Ended
Sep. 30, 2020
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, 2020 and December 31, 2019:
(in thousands) September 30,
2020		 December 31,
2019
Restricted cash balances held by trading counterparties:
For securities trading activity $ 45,000  $ 45,050 
For derivatives trading activity 57,355  94,570 
For servicing activities 2,438  — 
As restricted collateral for borrowings
 492,098  919,010 
Total restricted cash balances held by trading counterparties 596,891  1,058,630 
Restricted cash balance pursuant to letter of credit on office lease 60  60 
Total $ 596,951  $ 1,058,690 
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, 2020 and December 31, 2019 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) September 30,
2020		 December 31,
2019
Cash and cash equivalents $ 1,615,074  $ 558,136 
Restricted cash 596,951  1,058,690 
Total cash, cash equivalents and restricted cash $ 2,212,025  $ 1,616,826