Orchid Island Capital Inc
For the period ended Sep 30, 2024. Filed Oct 25, 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 Oct 25, 2024
ORC$5.01+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows (unaudited)
CONDENSED STATEMENTS OF CASH FLOWS
For the Nine Months Ended September 30, 2024 and 2023
($ in thousands)
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $32,117 | $(66,353) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Stock based compensation | 334 | 939 |
| Discount accretion on U.S. Treasury Bills | (3,724) | (521) |
| Realized (gains) losses on mortgage-backed securities | (510) | - |
| Unrealized (gains) losses on mortgage-backed securities and U.S. Treasury securities | (73,699) | 224,576 |
| Realized and unrealized losses (gains) on derivative instruments | 93,902 | (111,100) |
| Changes in operating assets and liabilities: | ||
| Accrued interest receivable | (7,917) | (5,797) |
| Other assets | (159) | (108) |
| Accrued interest payable | 8,433 | 6,627 |
| Other liabilities | 535 | 441 |
| Due to affiliates | 164 | 121 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 49,476 | 48,825 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| From mortgage-backed securities investments: | ||
| Purchases | (2,073,150) | (1,443,827) |
| Sales and maturities | 288,242 | - |
| Principal repayments | 310,325 | 237,904 |
| Purchases of U.S. Treasury securities, available-for-sale | (196,026) | (97,789) |
| Proceeds from maturity of U.S. Treasury securities, available-for-sale | 200,000 | 37,500 |
| Net (payments on) proceeds from derivative instruments | (126,851) | 114,494 |
| NET CASH USED IN INVESTING ACTIVITIES | (1,597,460) | (1,151,718) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from repurchase agreements | 30,279,982 | 27,780,008 |
| Principal payments on repurchase agreements | (28,754,760) | (26,731,506) |
| Cash dividends | (64,065) | (59,762) |
| Proceeds from issuance of common stock, net of issuance costs | 223,698 | 159,438 |
| Common stock repurchases, including shares withheld from employee stock awards for payment of taxes | (3,443) | (4,287) |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 1,681,412 | 1,143,891 |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 133,428 | 40,998 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period | 200,289 | 237,219 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period | $333,717 | $278,217 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for: | ||
| Interest | $163,995 | $142,965 |
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