Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.23.3
Cash, Cash Equivalents and Restricted Cash (Tables)
 9 Months Ended
Sep. 30, 2023
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, 2023 and December 31, 2022:
(in thousands) September 30,
2023		 December 31,
2022
Restricted cash balances held by trading counterparties:
For securities trading activity $ 450  $ 2,202 
For derivatives trading activity 32,501  79,220 
For servicing activities 24,472  36,690 
As restricted collateral for borrowings
 343,292  324,854 
Total restricted cash balances held by trading counterparties 400,715  442,966 
Restricted cash balance pursuant to letter of credit on office lease 62  60 
Total $ 400,777  $ 443,026 
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, 2023 and December 31, 2022 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) September 30,
2023		 December 31,
2022
Cash and cash equivalents $ 644,184  $ 683,479 
Restricted cash 400,777  443,026 
Total cash, cash equivalents and restricted cash $ 1,044,961  $ 1,126,505