Annual report pursuant to Section 13 and 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.24.0.1
Cash, Cash Equivalents and Restricted Cash (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2023 and December 31, 2022:
(in thousands) December 31,
2023		 December 31,
2022
Restricted cash balances held by trading counterparties:
For securities trading activity $ 450  $ 2,202 
For derivatives trading activity 1,669  79,220 
For servicing activities 50,345  36,690 
As restricted collateral for borrowings
 12,575  324,854 
Total restricted cash balances held by trading counterparties 65,039  442,966 
Restricted cash balance pursuant to letter of credit on office lease 62  60 
Total $ 65,101  $ 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 consolidated balance sheets as of December 31, 2023 and December 31, 2022 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) December 31,
2023		 December 31,
2022
Cash and cash equivalents $ 729,732  $ 683,479 
Restricted cash 65,101  443,026 
Total cash, cash equivalents and restricted cash $ 794,833  $ 1,126,505