Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 3

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 3
---
 (loss)$20,531 $12,874 Adjustments to reconcile net income (loss) to net cash used in operating activities:Net realized (gain) loss on mortgage loans, derivative contracts, RMBS, and CMBS3,182 1,422 Net unrealized (gain) loss on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts(16,625)(10,684)Amortization of debt issuance costs162 14 Net amortization of premiums and discounts on mortgage loans826 657 Accretion of non-recourse securitized obligation discount1,114 1,184 Accretion of discount on U.S. Treasury securities(38)(224)Stock compensation237 630 Net change in:Purchases of residential mortgage loans from affiliates(76,697)(32,036)Purchases of residential mortgage loans from non-affiliates(182,291)(12,283)Sale of residential mortgage loans into affiliate’s securitization trust— 45,994 Principal payments on residential mortgage loans5,403 11,177 Principal payments on residential mortgage loans in securitization trusts43,211 22,794 Margin received from (paid on) interest rate futures contracts and TBAs(309)3,855 Principal and interest receivable on residential mortgage loans(1,682)(3,093)Other assets97 (585)Management fee payable to affiliate509 (1,383)Accrued expenses209 134 Accrued expenses payable to affiliate(518)(491)Income tax payable— 287 Interest payable931 (21)NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(201,748)40,222 

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of this statement.5

Angel Oak Mortgage REIT, Inc. Condensed Consolidated Statements of Cash Flows(Unaudited)(in thousands)

CASH FLOWS FROM INVESTING ACTIVITIESPurchases of investments in RMBS, available for sale— (3,516)Purchases of investments in RMBS, trading(203,181)(392,639)Sale of investments in RMBS, trading201,994 392,362 Purchase of investment in U.S. Treasury securities(74,939)(149,741)Investments in majority-owned affiliates— (1,736)Principal payments on RMBS and