Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 230

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 230
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,001 $67,067 $7,010,068 

See notes to consolidated financial statements.

118

RITHM CAPITAL CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in thousands) 

Year Ended December 31,202420232022Cash Flows From Operating ActivitiesNet income$941,492 $630,674 $983,285 Adjustments to reconcile net income to net cash flows from operating activities:Change in fair value of investments, net336,946 922,072 (1,056,662)Change in fair value of secured notes and bonds payable5,885 17,155 (45,792)(Gain) loss on settlement of investments, net(129,353)(820,238)1,354,263 Gain on sale of originated residential mortgage loans, held-for-sale, net(682,535)(533,477)(1,092,749)(Gain) loss on transfer of loans to real estate owned (“REO”)(789)(10,224)(7,726)Accretion and other amortization(87,713)(106,421)(80,957)Provision for (reversal of) credit losses on securities, loans and REO(319)(478)14,962 Non-cash portions of servicing revenue, net251,214 618,005 (639,945)Deferred tax provision254,402 90,002 271,167 Mortgage loans originated and purchased for sale, net of fees(60,360,268)(39,817,843)(76,344,856)Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale57,315,698 39,340,813 81,547,076 Loan originations and draws of consolidated entities— — (75,406)Loan repayment proceeds of consolidated entities386,668 278,920 431,065 Residential transition loans repayment proceeds of consolidated CFEs— 353,994 170,834 Interest received from servicer advance investments, RMBS, loans and other56,170 54,485 62,375 Interest received from reverse repurchase agreements57,423 — — Principal repayments and sales proceeds of investments of consolidated CFEs318,877 — — Loan originations and investment purchases of consolidated CFEs(474,120)—