Consolidated Statement of Cash Flows - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023		Jun. 30, 2022
Cash flows provided by (used in) operating activities:
Net cash provided by (used in) operating activities		$ (92,010)		$ 81,339
Cash Flows from Investing Activities:
Purchase of securities		(1,243,577)		(718,960)
Purchase of loans		(1,452,192)		(2,014,793)
Capital improvements of real estate owned		(29)		(75)
Proceeds from disposition of securities		1,130,556		659,827
Proceeds from disposition of loans		17,984		19,520
Contributions to investments in unconsolidated entities		(44,555)		(10,294)
Distributions from investments in unconsolidated entities		87,804		170,513
Proceeds from disposition of real estate owned		19,109		5,147
Proceeds from settlement of claims related to reverse mortgage loans repurchased from HMBS		64,727		0
Proceeds from principal payments of securities		87,527		181,108
Proceeds from principal payments of loans		1,198,081		279,580
Proceeds from investments sold short		171,429		622,122
Repurchase of securities sold short		(219,746)		(553,190)
Payments on financial derivatives		(157,895)		(60,210)
Proceeds from financial derivatives		145,458		122,232
Payments made on reverse repurchase agreements		(18,857,421)		(16,595,096)
Proceeds from reverse repurchase agreements		18,901,283		16,537,455
Due from brokers, net		3,891		17,579
Due to brokers, net		12,299		28,405
Net cash provided by (used in) investing activities		(135,267)		(1,309,130)
Cash flows provided by (used in) financing activities:
Net proceeds from issuance of common stock	[1]	60,611		45,301
Proceeds from Issuance of Preferred Stock and Preference Stock	[1]	96,850		511
Offering costs paid		(501)		(658)
Payments for Repurchase of Common Stock		(12,352)		(1,164)
Dividends paid		(70,411)		(60,234)
Contributions from non-controlling interests		1,829		10,840
Distributions to non-controlling interests		(6,237)		(15,044)
Proceeds from issuance of other secured borrowings		859,817		15,063
Principal payments on other secured borrowings		(962,585)		(22,511)
Borrowings under repurchase agreements		20,231,187		5,179,777
Repayments of repurchase agreements		(20,141,555)		(4,671,100)
Proceeds from Issuance of Unsecured Debt		0		206,385
Proceeds from Issuance of Other Secured Borrowings, at fair value		0		687,977
Proceeds from issuance of HMBS		728,139		0
Due from brokers, net		5,255		(15,668)
Due to brokers, net		(658)		(69)
Net cash provided by (used in) financing activities		201,605		1,359,406
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash		(25,672)		131,615
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period		221,869		92,836
Cash, Cash Equivalents, and Restricted Cash, End of Period		196,197		224,451
Supplemental disclosure of cash flow information:
Interest paid		126,492		34,349
Income tax paid		(470)		88
Dividends payable		14,183		11,657
Transfers from mortgage loans to real estate owned (non-cash)		10,190		1,018
Transfers from mortgage loans to other sales and claims receivable (non-cash)		61,904		0
Transfers from mortgage loans to investments in non-consolidated entities (non-cash)		28,425		177,997
Transfers from corporate loans to investments in unconsolidated entities (non-cash)		665		1,000
Purchase of investments (non-cash)		(25,580)		0
Contributions to investments in non-consolidated entities (non-cash)		(7,957)		0
Purchase of Loans Non Cash		69,610		0
Principal payments on Other secured borrowings, at fair value (non-cash)		(85,704)		(213,202)
Proceeds received from Other secured borrowings, at fair value (non-cash)		0		112,889
Principal payments on Other secured borrowings (non-cash)		0		(43,719)
Proceeds from issuance of Other secured borrowings (non-cash)		69,610		0
Proceeds from principal payments of investments (non-cash)		85,704		220,672
Proceeds from the disposition of loans (non-cash)		174,181		0
Repayments of repurchase agreement (non-cash)		(141,453)		(113,218)
Principal payments on HMBS related obligations, at fair value		587,784		0
Cash and Cash Equivalents, at Carrying Value		194,595	[2]	224,451
Restricted cash		$ 1,602	[2]	$ 0

[1] Net of discounts and commissions.

[2] Ellington Financial Inc.'s Condensed 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.