Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.22.2.2
Cash, Cash Equivalents and Restricted Cash (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2022 and December 31, 2021:
(in thousands) September 30,
2022		 December 31,
2021
Restricted cash balances held by trading counterparties:
For securities trading activity $ 5,890  $ 23,800 
For derivatives trading activity 261,744  136,271 
For servicing activities 15,348  26,704 
As restricted collateral for borrowings
 559,492  747,979 
Total restricted cash balances held by trading counterparties 842,474  934,754 
Restricted cash balance pursuant to letter of credit on office lease 60  60 
Total $ 842,534  $ 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 condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) September 30,
2022		 December 31,
2021
Cash and cash equivalents $ 732,482  $ 1,153,856 
Restricted cash 842,534  934,814 
Total cash, cash equivalents and restricted cash $ 1,575,016  $ 2,088,670