Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.20.1
Cash, Cash Equivalents and Restricted Cash (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2020 and December 31, 2019:
(in thousands)
March 31,
2020
 
December 31,
2019
Restricted cash balances held by trading counterparties:
 
 
 
For securities and loan trading activity
$
45,050

 
$
45,050

For derivatives trading activity
332,506

 
94,570

As restricted collateral for repurchase agreements and Federal Home Loan Bank advances
302,779

 
919,010

Total restricted cash balances held by trading counterparties
680,335

 
1,058,630

Restricted cash balance pursuant to letter of credit on office lease
60

 
60

Total
$
680,395

 
$
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 March 31, 2020 and December 31, 2019 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands)
March 31,
2020
 
December 31,
2019
Cash and cash equivalents
$
1,206,889

 
$
558,136

Restricted cash
680,395

 
1,058,690

Total cash, cash equivalents and restricted cash
$
1,887,284

 
$
1,616,826