Strategic Growth & Financial Overview
Liquidity Analysis Table
(in Thousands) (Unaudited)
Cash and cash equivalents
Marketable securities
Repurchase agreements and securities loaned
Total (1)
June 30, 2022
December 31, 2021
$
280,468
$
191,332
524,569
(140,007)
$
280,468
575,894
(1) Undrawn availability on the Credit Facility was $600.0 million and $465.0 million as of June 30, 2022 and December
31, 2021, respectively.
Reconciliation of Operating Cash Flow (Excluding Activity from Loan Originations And Sales) to Adjusted EBITDA
(in Thousands) (Unaudited)
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2022
2021
2022
2021
Adjusted EBITDA
$
159.5
$
120.6
$
286.0
$
197.5
Cash paid for interest
(16.9)
(10.3)
(16.9)
(11.2)
Employee loans for new hires and producers
(32.0)
(7.5)
(41.7)
(11.1)
2021 Equity Event
Other working capital
45.1
9.5
(43.2)
(37.5)
Corporate Tax payments
(42.3)
(23.3)
(68.5)
(23.4)
Net cash provided by operations excluding activities from loan
originations and sales
113.4
89.0
$
115.7
$
114.3
NEWMARK 45View entire presentation