Cherry Hill Mortgage Investment Corp
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
CHMI$2.27-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities | ||
| Net income (loss) | $396 | $(1,811) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Realized loss on RMBS, net | 5,510 | 21,464 |
| Unrealized loss on investments in Servicing Related Assets | 14,036 | 13,100 |
| Realized gain on investments in MSRs, net | (504) | - |
| Realized gain on acquired assets, net | (2) | (12) |
| Realized gain on derivatives, net | (7,695) | (26,715) |
| Unrealized (gain) loss on RMBS, measured at fair value through earnings, net | (12,229) | 26,566 |
| Unrealized (gain) loss on derivatives, net | 12,029 | (12,924) |
| Accretion of premiums on RMBS | (2,256) | (1,237) |
| Amortization of deferred financing costs | 234 | 120 |
| LTIP-OP Unit awards | 372 | 351 |
| Changes in: | ||
| Receivables and other assets, net | 5,836 | 4,280 |
| Due to manager | (166) | (7) |
| Accrued expenses and other liabilities, net | (26,183) | (1,112) |
| Net cash provided by (used in) operating activities | $(10,622) | $22,063 |
| Cash Flows From Investing Activities | ||
| Purchase of RMBS | (337,738) | (627,876) |
| Principal paydown of RMBS | 55,331 | 51,066 |
| Proceeds from sale of RMBS | 123,797 | 407,116 |
| Proceeds from sale of MSRs | 13,308 | - |
| Acquisition of MSRs | 7 | 165 |
| Payments for settlement of derivatives | (22,435) | (12,130) |
| Proceeds from settlement of derivatives | - | 17,516 |
| Net cash used in investing activities | $(167,730) | $(164,143) |
| Cash Flows From Financing Activities | ||
| Borrowings under repurchase agreements | 7,505,368 | 7,338,069 |
| Repayments of repurchase agreements | (7,300,361) | (7,196,742) |
| Proceeds from derivative financing | 2,474 | 23,454 |
| Principal paydown of bank loans | (18,700) | (12,000) |
| Dividends paid | (20,833) | (24,701) |
| LTIP-OP Units distributions paid | (255) | (313) |
| Redemption of OP units for cash | (9) | - |
| Issuance of common stock, net of offering costs | 5,433 | 19,189 |
| Repurchase and retirement of preferred stock | (9,438) | - |
| Net cash provided by financing activities | $163,679 | $146,956 |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | $(14,673) | $4,876 |
| Cash, Cash Equivalents and Restricted Cash, Beginning of Period | 69,327 | 65,554 |
| Cash, Cash Equivalents and Restricted Cash, End of Period | $54,654 | $70,430 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid during the period for interest expense | $24,714 | $21,566 |
| Cash paid during the period for income taxes | 52 | 54 |
| Supplemental Schedule of Non-Cash Investing and Financing Activities | ||
| Dividends declared but not paid | $7,065 | $6,194 |
| Sale of RMBS, settled after period end | - | (5,485) |
| Purchase of RMBS, settled after period end | 28,337 | - |
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