Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.24.2
Cash, Cash Equivalents and Restricted Cash (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30, 2024 and December 31, 2023:
(in thousands) June 30,
2024		 December 31,
2023
Restricted cash balances held by trading counterparties:
For securities trading activity $ 450  $ 450 
For derivatives trading activity 12,391  1,669 
For servicing activities 50,687  50,345 
As restricted collateral for borrowings
 99,031  12,575 
Total restricted cash balances held by trading counterparties 162,559  65,039 
Restricted cash balance pursuant to letter of credit on office lease 64  62 
Total $ 162,623  $ 65,101 
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 June 30, 2024 and December 31, 2023 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) June 30,
2024		 December 31,
2023
Cash and cash equivalents $ 624,199  $ 729,732 
Restricted cash 162,623  65,101 
Total cash, cash equivalents and restricted cash $ 786,822  $ 794,833