XML 30 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS, (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (64,760) $ 2,128 $ 24,265
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Stock based compensation and equity plan amortization 772 244 294
Realized and unrealized (gains) losses on mortgage-backed securities 203,731 (775) (27,168)
Fair Value Adjustments On U.S. Treasury Notes (265) 0 0
Derivative, Gain (Loss) on Derivative, Net (35,350) 58,891 45,207
Changes in operating assets and liabilities      
Accrued interest receivable (9,138) 2,683 837
Other assets 196 (446) 80
Accrued interest payable (369) (9,944) 4,656
Other liabilities 663 2,583 22
Due to affiliates 430 10 (32)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES 96,440 55,374 48,161
From mortgage-backed securities investments      
Purchases (6,430,725) (4,859,434) (4,241,822)
Sales 2,851,708 4,200,536 3,321,206
Principal repayments 591,086 523,699 594,833
Purchases of U.S. Treasury Securities 37,440 0 0
Net payments on reverse repurchase agreements 0 30 0
Note proceeds from (payments on) derivative instruments (8,571) 64,171 29,023
NET CASH USED IN INVESTING ACTIVITIES (3,016,800) (199,340) (354,806)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from repurchase agreements 35,950,241 33,140,625 45,595,010
Principal payments on repurchase agreements (33,301,721) (32,993,145) (45,171,956)
Cash dividends (90,984) (53,645) (53,307)
Proceeds From Issuance Of Common Stock, net of issuance costs 514,059 71,050 92,314
Payments For Repurchase Of Common Stock 299 68 3,024
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,071,296 164,817 459,037
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 150,936 20,851 152,392
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 299,506 278,655 126,263
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 450,442 299,506 278,655
Cash paid during the period for:      
Interest Paid $ 7,458 $ 35,000 $ 79,010