NEW YORK MORTGAGE TRUST INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
ADAM$5.45-4.2%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
Item 8. Consolidated Statements of Cash Flows
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash Flows from Operating Activities: | |||
| Net (loss) income | $(77,799) | $(340,649) | $188,476 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Net amortization | 27,500 | 26,137 | 32,136 |
| Depreciation and amortization expense related to operating real estate | 24,620 | 126,824 | 19,250 |
| Realized losses (gains), net | 27,059 | (26,625) | (21,451) |
| Unrealized (gains) losses, net | (97,196) | 347,363 | (95,649) |
| Losses (gains) on derivative investments, net | 26,378 | (27,206) | — |
| (Gain) loss on sale of real estate | (4,763) | (17,132) | 157 |
| Impairment of real estate | 89,548 | 2,449 | — |
| Loss on reclassification of disposal group | 16,163 | — | — |
| Loss (gain) on extinguishment of collateralized debt obligations and mortgages payable on real estate | 796 | (2,214) | 1,583 |
| Income from preferred equity, mezzanine loan and equity investments | (28,774) | (30,162) | (54,507) |
| Distributions of income from preferred equity, mezzanine loan and equity investments | 26,076 | 49,832 | 62,375 |
| Stock based compensation expense, net | 8,825 | 11,895 | 10,239 |
| Cash reclassified to assets of disposal group held for sale | 8,267 | (13,944) | — |
| Changes in operating assets and liabilities | (16,747) | (14,785) | (3,697) |
| Net cash provided by operating activities | 29,953 | 91,783 | 138,912 |
| Cash Flows from Investing Activities: | |||
| Proceeds from sales of investment securities | 64,690 | 85,437 | 432,585 |
| Principal paydowns received on investment securities | 56,459 | 24,680 | 143,996 |
| Purchases of investment securities | (2,014,385) | (24,879) | (53,711) |
| Principal repayments received on residential loans | 1,062,247 | 1,361,040 | 1,063,267 |
| Proceeds from sales of residential loans | 25,144 | — | 77,127 |
| Purchases of residential loans | (612,784) | (1,738,474) | (1,581,094) |
| Principal repayments received on preferred equity and mezzanine loan investments | 8,460 | 29,050 | 78,190 |
| Return of capital from equity investments | 74,275 | 60,055 | 123,138 |
| Funding of preferred equity, mezzanine loan and equity investments | (52,400) | (28,086) | (145,143) |
| Funding of joint venture investments in Consolidated VIEs | — | (177,570) | (261,162) |
| Net variation margin paid for derivative instruments | (27,447) | — | — |
| Net payments received from derivative instruments | 24,215 | 1,881 | — |
| Cash received from initial consolidation of VIEs | 102 | 6,897 | 27,907 |
| Net proceeds from sale of real estate | 221,968 | 100,666 | 8,108 |
| Purchases of and capital expenditures on real estate | (50,412) | (209,372) | (46,059) |
| Purchases of other assets | (63) | (100) | (98) |
| Net cash used in investing activities | (1,219,931) | (508,775) | (132,949) |
| Cash Flows from Financing Activities: | |||
| Net proceeds from repurchase agreements | 1,730,366 | 179,033 | 146,852 |
| Proceeds from issuance of senior unsecured notes, net | — | — | 96,267 |
| Proceeds from issuance of collateralized debt obligations, net | — | 969,986 | 433,241 |
| Repurchases of common stock | (8,615) | (44,399) | — |
| Preferred stock issuance, net | — | — | 210,738 |
| Repurchases of preferred stock | (2,439) | — | — |
| Redemption of preferred stock | — | — | (183,447) |
| Dividends paid on common stock and dividend equivalents | (128,801) | (151,753) | (151,616) |
| Dividends paid on preferred stock | (41,894) | (41,404) | (43,232) |
| Repayment of convertible notes | — | (138,000) | — |
| Net distributions to non-controlling interests in Consolidated VIEs | (8,377) | (10,815) | (81) |
| Redemptions of redeemable non-controlling interest in Consolidated VIE | (485) | (2,015) | — |
| Payments made on and extinguishment of collateralized debt obligations | (204,649) | (188,914) | (323,045) |
|---|---|---|---|
| Payments made on Consolidated SLST CDOs | (46,476) | (114,847) | (160,762) |
| Net (payments made on) proceeds received from mortgages payable on real estate | (148,948) | 3,197 | 2,493 |
| Net cash provided by financing activities | 1,139,682 | 460,069 | 27,408 |
| Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash | (50,296) | 43,077 | 33,371 |
| Cash, Cash Equivalents and Restricted Cash - Beginning of Period | 380,938 | 337,861 | 304,490 |
| Cash, Cash Equivalents and Restricted Cash - End of Period | $330,642 | $380,938 | $337,861 |
| Supplemental Disclosure: | |||
| Cash paid for interest | $249,854 | $161,251 | $71,913 |
| Cash paid for income taxes | $225 | $2,674 | $296 |
| Non-Cash Investment Activities: | |||
| Consolidation of real estate held in Consolidated VIEs | $54,439 | $664,437 | $926,756 |
| Consolidation of mortgages payable on real estate held in Consolidated VIEs | $45,142 | $524,217 | $669,647 |
| Transfer from residential loans to real estate owned | $42,485 | $18,858 | $4,133 |
| Non-Cash Financing Activities: | |||
| Dividends declared on common stock and dividend equivalents to be paid in subsequent period | $21,716 | $39,503 | $38,404 |
| Dividends declared on preferred stock to be paid in subsequent period | $10,435 | $10,493 | $9,924 |
| Redemption of non-controlling interest by Consolidated VIE | $— | $— | $3,420 |
| Cash, Cash Equivalents and Restricted Cash Reconciliation: | |||
| Cash and cash equivalents | $187,107 | $244,718 | $289,602 |
| Restricted cash included in other assets | 143,535 | 136,220 | 48,259 |
| Total cash, cash equivalents, and restricted cash | $330,642 | $380,938 | $337,861 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.