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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows provided by (used in) operating activities:      
Shares issued in connection with incentive fee payment (non-cash) $ 325 $ 1,241 $ 12
Equity-based compensation expense 1,495 971 722
Share-based Payment Arrangement, Noncash Expense 1,404 971 722
Net cash provided by (used in) operating activities 42,686 51,293 119,506
Cash Flows from Investing Activities:      
Purchase of securities (1,348,379) (2,523,112) (1,346,245)
Purchase of loans (3,590,737) (2,017,992) (852,261)
Capital improvements of real estate owned (222) (2,209) (153)
Proceeds from disposition of securities 1,454,193 1,485,459 1,888,099
Proceeds from disposition of loans 27,410 1,064 25,414
Contributions to investments in unconsolidated entities (32,835) (24,066) (34,624)
Distributions from investments in unconsolidated entities 223,828 172,838 30,644
Cash Acquired from Acquisition 22,618 0 0
Payments to Acquire Businesses, Gross (38,886) 0 0
Proceeds from disposition of real estate owned 10,913 15,611 9,889
Proceeds from principal payments of securities 308,983 472,055 362,987
Proceeds from principal payments of loans 1,047,909 381,418 443,640
Proceeds from investments sold short 944,513 577,461 268,294
Repurchase of securities sold short (836,350) (493,336) (310,559)
Payments on financial derivatives (130,635) (65,582) (115,418)
Proceeds from financial derivatives 240,521 70,905 84,597
Payments made on reverse repurchase agreements (37,693,038) (19,349,228) (7,586,769)
Proceeds from reverse repurchase agreements 37,589,374 19,264,823 7,622,670
Due from brokers, net 18,037 8,296 16,443
Due to brokers, net 30,099 331 619
Net cash provided by (used in) investing activities (1,752,684) (2,025,264) 507,267
Cash flows provided by (used in) financing activities:      
Net proceeds from issuance of common stock 99,354 [1] 245,292 [1] 95,537
Proceeds from Issuance of Preferred Stock and Preference Stock 511 [1] 116,220 [1] 0
Offering costs paid (769) (587) (253)
Payments for Repurchase of Common Stock (1,659) 0 (3,056)
Dividends paid (123,065) (85,704) (65,026)
Contributions from non-controlling interests 9,837 14,694 9,848
Distributions to non-controlling interests (19,897) (27,121) (11,301)
Proceeds from issuance of other secured borrowings 512,889 79,594 57,863
Principal payments on other secured borrowings (507,996) (34,834) (67,325)
Borrowings under repurchase agreements 12,652,021 5,912,434 4,138,940
Repayments of repurchase agreements (11,998,124) (4,899,984) (5,059,445)
Proceeds from Issuance of Unsecured Debt 206,385 0 0
Repayments of Unsecured Debt (86,000) 0 0
Proceeds from Issuance of Other Secured Borrowings, at fair value 857,578 787,529 427,959
Repayments of Other secured borrowings, at fair value 0 (111,530) (112,253)
Proceeds from issuance of HMBS 424,703 0 0
Due from brokers, net 46,711 (39,216) 49
Due to brokers, net 1,622 (1,802) 1,035
Net cash provided by (used in) financing activities 1,839,031 1,954,985 (587,428)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 129,033 (18,986) 39,345
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 92,836 111,822 72,477
Cash, Cash Equivalents, and Restricted Cash, End of Period 221,869 92,836 111,822
Supplemental disclosure of cash flow information:      
Interest paid 125,169 42,692 65,751
Income tax paid (1,614) 2,848 543
Dividends payable 12,243 10,375 5,738
Shares issued in connection with incentive fee payment (non-cash) 325 1,241 12
Share-based Payment Arrangement, Noncash Expense 1,404 971 722
Contribution from non-controlling interest (non-cash) 2,328 0 2,340
Distributions to non-controlling interests 0 0 (2,340)
Transfers from mortgage loans to real estate owned (non-cash) 2,317 14,033 3,384
Transfers from mortgage loans to other sales and claims receivable (non-cash) 2,544 0 0
Transfers from mortgage loans to investments in non-consolidated entities (non-cash) 216,615 144,691 10,833
Transfers from corporate loans to investments in unconsolidated entities (non-cash) 1,000 0 0
Transfers from investments in unconsolidated entities (non-cash) 38,886 0 0
Purchase of investments (non-cash) (38,472) 0 0
Contributions to investments in non-consolidated entities (non-cash) (7,281) 0 (17,023)
Purchase of Loans Non Cash 0 800 6,670
Principal payments on Other secured borrowings, at fair value (non-cash) (300,441) (472,344) (193,575)
Proceeds received from Other secured borrowings, at fair value (non-cash) 255,914 40,978 28,818
Principal payments on Other secured borrowings (non-cash) (43,720) 0 (96,480)
Proceeds from issuance of Other secured borrowings (non-cash) 0 800 6,670
Proceeds from principal payments of investments (non-cash) 307,911 472,344 193,575
Proceeds from the disposition of loans (non-cash) 338,663 0 113,791
Repayments of repurchase agreement (non-cash) (513,975) (39,618) (27,864)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (70,869) 140,556 28,377
Net Amortization 25,066 32,578 41,681
Realized gains (losses) on securities and loans, net 105,449 (5,017) [2] 5,960 [2]
Realized (gains) losses on financial derivatives, net (120,489) (11,502) [2] 31,521 [2]
Realized gains (losses) on real estate owned, net (490) (1,711) [2] (15) [2]
Unrealized gains (losses) on securities and loans, net 475,807 30,802 [2] 25,783 [2]
Unrealized gains (losses) on financial derivatives, net (53,891) (10,355) [2] (989) [2]
Unrealized gains (losses) on real estate owned, net 485 1,259 [2] 649 [2]
Unrealized gains (losses) other, net (276,342) (15,418) 9,562
Business Combination, Bargain Purchase, Gain Recognized, Amount (7,932) 0 [2] 0 [2]
Net change from reverse mortgage loans held for investment, at fair value (199,189) 0 0
Net change related to HMBS obligations, at fair value 162,381 0 [2] 0 [2]
Valuation adjustment and deletions of mortgage servicing rights 66 0 0
Unrealized (gains) losses on loan commitments, net 30 0 0
Valuation adjustment and deletions of mortgage servicing rights (150) 224 173
Foreign currency translation 882 (487) (1,720)
Amortization of deferred debt issuance costs 176 263 263
Interest income related to consolidated securitization trust (46,838) (20,269) (21,800)
Interest expense related to consolidated securitization trust 44,331 19,366 21,020
Debt issuance costs related to Other secured borrowings, at fair value 1,881 2,273 1,749
Cash outflow related to issuance of senior notes 3,615 0 0
Earnings (losses) from investments in unconsolidated entities 63,614 (58,104) (37,933)
Increase (Decrease) in Mortgage Loans Held-for-sale (51,894) 0 0
Increase decrease in interest and principal receivable (7,666) (63,260) 5,223
Increase (Decrease) in Other Operating Assets (7,988) (76) 1,077
Increase (decrease) in accrued management fee 1,526 (63) 515
Increase (decrease) in accrued incentive fee (3,246) 3,246 (116)
Increase (decrease) in interest payable 16,686 1,337 (3,798)
Increase (decrease) in accrued expenses and other liabilities (14,368) 3,439 11,590
Proceeds from Sale of Mortgage Loans Held-for-sale 223 0 0
Principal payments on HMBS related obligations, at fair value 235,070 0 0
Cash and Cash Equivalents, at Carrying Value 217,053 [3] 92,661 [3] 111,647
Restricted cash $ 4,816 [3] $ 175 [3] $ 175
[1] Net of discounts and commissions.
[2] Conformed to current period presentation.
[3] Ellington Financial Inc.'s Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 11 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.