NEW YORK MORTGAGE TRUST INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
ADAM$5.45-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows from Operating Activities: | |||
| Net loss | $(93,953) | $(77,799) | $(340,649) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Net amortization | 20,219 | 27,500 | 26,137 |
| Depreciation and amortization expense related to operating real estate | 39,822 | 24,620 | 126,824 |
| Realized losses (gains), net | 29,351 | 27,059 | (26,625) |
| Unrealized losses (gains), net | 90,530 | (97,196) | 347,363 |
| (Gains) losses on derivative investments, net | (95,996) | 26,378 | (27,206) |
| Gain on sale of real estate | (27,835) | (4,763) | (17,132) |
| Gain on de-consolidation of joint venture equity investments in Consolidated VIEs | (6,115) | — | — |
| Impairment of real estate | 48,875 | 89,548 | 2,449 |
| Loss on reclassification of disposal group | 14,636 | 16,163 | — |
| Loss (gain) on extinguishment of collateralized debt obligations and mortgages payable on real estate | 2,864 | 796 | (2,214) |
| Income from preferred equity, mezzanine loan and equity investments | (26,796) | (28,774) | (30,162) |
| Distributions of income from preferred equity, mezzanine loan and equity investments | 24,222 | 26,076 | 49,832 |
| Stock based compensation expense, net | 6,068 | 8,825 | 11,895 |
| Cash reclassified from (to) assets of disposal group held for sale | 3,215 | 8,267 | (13,944) |
| Changes in operating assets and liabilities | (15,036) | (16,747) | (14,785) |
| Net cash provided by operating activities | 14,071 | 29,953 | 91,783 |
| Cash Flows from Investing Activities: | |||
| Proceeds from sales of investment securities | 5,284 | 64,690 | 85,437 |
| Principal paydowns received on investment securities | 296,611 | 56,459 | 24,680 |
| Purchases of investment securities | (2,210,935) | (2,014,385) | (24,879) |
| Principal repayments received on residential loans | 1,147,168 | 1,062,247 | 1,361,040 |
| Proceeds from sales of residential loans | 162,883 | 25,144 | — |
| Purchases of residential loans | (1,883,708) | (612,784) | (1,738,474) |
| Principal repayments received on preferred equity and mezzanine loan investments | 5,100 | 8,460 | 29,050 |
| Return of capital from equity investments | 25,061 | 74,275 | 60,055 |
| Funding of preferred equity, mezzanine loan and equity investments | (1,498) | (52,400) | (28,086) |
| Funding of joint venture equity investments in Consolidated VIEs | — | — | (177,570) |
| Cash received from initial consolidation of VIEs | — | 102 | 6,897 |
| Proceeds from sales of joint venture equity investments in Consolidated VIEs | 2,050 | — | — |
| Decrease in cash from de-consolidation of Consolidated VIEs | (3,956) | — | — |
| Net variation margin received (paid) for derivative instruments | 70,656 | (27,447) | — |
| Net payments received from derivative instruments | 29,691 | 24,215 | 1,881 |
| Net proceeds from sale of real estate | 157,203 | 221,968 | 100,666 |
| Purchases of and capital expenditures on real estate | (24,647) | (50,412) | (209,372) |
| Purchases of investments held in Consolidated SLST | (9,857) | — | — |
| Purchases of mortgage servicing rights | (9,470) | — | — |
| Purchases of other assets | (2,071) | (63) | (100) |
| Net cash used in investing activities | (2,244,435) | (1,219,931) | (508,775) |
| Cash Flows from Financing Activities: | |||
| Net proceeds received from repurchase agreements | 1,535,749 | 1,730,366 | 179,033 |
| Proceeds from issuance of senior unsecured notes | 60,000 | — | — |
| Proceeds from issuance of collateralized debt obligations | 1,350,153 | — | 969,986 |
| Repurchases of common stock | (3,493) | (8,615) | (44,399) |
| Repurchases of preferred stock | — | (2,439) | — |
| Dividends paid on common stock and dividend equivalents | (74,945) | (128,801) | (151,753) |
| Dividends paid on preferred stock | (41,756) | (41,894) | (41,404) |
| Repayment of convertible notes | — | — | (138,000) |
|---|---|---|---|
| Net distributions to non-controlling interests in Consolidated VIEs | (11,893) | (8,377) | (10,815) |
| Redemptions of redeemable non-controlling interest in Consolidated VIE | (626) | (485) | (2,015) |
| Payments made on and extinguishment of collateralized debt obligations | (469,017) | (204,649) | (188,914) |
| Payments made on Consolidated SLST CDOs | (61,130) | (46,476) | (114,847) |
| Net (payments made on) proceeds received from mortgages payable on real estate | (54,296) | (148,948) | 3,197 |
| Net cash provided by financing activities | 2,228,746 | 1,139,682 | 460,069 |
| Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash | (1,618) | (50,296) | 43,077 |
| Cash, Cash Equivalents and Restricted Cash - Beginning of Period | 330,642 | 380,938 | 337,861 |
| Cash, Cash Equivalents and Restricted Cash - End of Period | $329,024 | $330,642 | $380,938 |
| Supplemental Disclosure: | |||
| Cash paid for interest | $344,725 | $249,854 | $161,251 |
| Cash (refunds received) paid for income taxes | $(32) | $225 | $2,674 |
| Non-Cash Investment Activities: | |||
| De-consolidation of real estate held in Consolidated VIEs | $622,708 | $— | $— |
| De-consolidation of mortgages payable on real estate held in Consolidated VIEs | $629,763 | $— | $— |
| Consolidation of residential loans held in Consolidated SLST | $285,057 | $— | $— |
| Consolidation of Consolidated SLST CDOs | $275,200 | $— | $— |
| Consolidation of real estate held in Consolidated VIEs | $— | $54,439 | $664,437 |
| Consolidation of mortgages payable on real estate held in Consolidated VIEs | $— | $45,142 | $524,217 |
| Transfer from residential loans to real estate owned | $85,342 | $42,485 | $18,858 |
| Transfer from residential loans to real estate, net | $2,640 | $— | $— |
| Distribution of mortgage servicing rights from equity investment | $10,917 | $— | $— |
| Non-Cash Financing Activities: | |||
| Dividends declared on common stock and dividend equivalents to be paid in subsequent period | $19,844 | $21,716 | $39,503 |
| Dividends declared on preferred stock to be paid in subsequent period | $10,435 | $10,435 | $10,493 |
| Mortgages and notes payable assumed by purchaser of real estate held for sale in Consolidated VIEs | $24,073 | $— | $— |
| Cash, Cash Equivalents and Restricted Cash Reconciliation: | |||
| Cash and cash equivalents | $167,422 | $187,107 | $244,718 |
| Restricted cash included in other assets | 161,602 | 143,535 | 136,220 |
| Total cash, cash equivalents, and restricted cash | $329,024 | $330,642 | $380,938 |
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