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NEW YORK MORTGAGE TRUST INC

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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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.

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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Contents

Item 8. Consolidated Statements of Cash Flows

For the Years Ended December 31,
202420232022
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 amortization20,21927,50026,137
Depreciation and amortization expense related to operating real estate39,82224,620126,824
Realized losses (gains), net29,35127,059(26,625)
Unrealized losses (gains), net90,530(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 estate48,87589,5482,449
Loss on reclassification of disposal group14,63616,163—
Loss (gain) on extinguishment of collateralized debt obligations and mortgages payable on real estate2,864796(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 investments24,22226,07649,832
Stock based compensation expense, net6,0688,82511,895
Cash reclassified from (to) assets of disposal group held for sale3,2158,267(13,944)
Changes in operating assets and liabilities(15,036)(16,747)(14,785)
Net cash provided by operating activities14,07129,95391,783
Cash Flows from Investing Activities:
Proceeds from sales of investment securities5,28464,69085,437
Principal paydowns received on investment securities296,61156,45924,680
Purchases of investment securities(2,210,935)(2,014,385)(24,879)
Principal repayments received on residential loans1,147,1681,062,2471,361,040
Proceeds from sales of residential loans162,88325,144—
Purchases of residential loans(1,883,708)(612,784)(1,738,474)
Principal repayments received on preferred equity and mezzanine loan investments5,1008,46029,050
Return of capital from equity investments25,06174,27560,055
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—1026,897
Proceeds from sales of joint venture equity investments in Consolidated VIEs2,050——
Decrease in cash from de-consolidation of Consolidated VIEs(3,956)——
Net variation margin received (paid) for derivative instruments70,656(27,447)—
Net payments received from derivative instruments29,69124,2151,881
Net proceeds from sale of real estate157,203221,968100,666
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 agreements1,535,7491,730,366179,033
Proceeds from issuance of senior unsecured notes60,000——
Proceeds from issuance of collateralized debt obligations1,350,153—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 activities2,228,7461,139,682460,069
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash(1,618)(50,296)43,077
Cash, Cash Equivalents and Restricted Cash - Beginning of Period330,642380,938337,861
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 assets161,602143,535136,220
Total cash, cash equivalents, and restricted cash$329,024$330,642$380,938
ContentsView on SEC.gov

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