Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 128

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 128
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 average diluted common share amounts. Earnings available for distribution is presented on an adjusted dilutive shares basis.

 For the Years Ended December 31, 2024December 31, 2023December 31, 2022 (dollars in thousands, except per share data)GAAP Net income (loss) available to common stockholders$90,329 $52,354 $(586,831)Adjustments (1): Net unrealized (gains) losses on financial instruments at fair value(10,811)(34,373)736,899 Net realized (gains) losses on sales of investments5,219 31,234 76,473 (Gains) losses on extinguishment of debt— (3,875)2,897 Increase (decrease) in provision for credit losses9,838 11,371 7,037 Net unrealized (gains) losses on derivatives(2,963)6,411 1,482 Realized (gains) losses on derivatives21,540 40,957 561 Transaction expenses7,091 15,379 16,146 Stock Compensation expense for retirement eligible awards(125)966 (205)Amortization of intangibles and depreciation expenses (2)321 — — Non-cash imputed compensation related to business acquisition10,296 — — Other investment (gains) losses(9,543)(1,091)1,866 Earnings available for distribution$121,192 $119,333 $256,325 GAAP net income (loss) per diluted common share$1.10 $0.68 $(7.53)Earnings available for distribution per adjusted diluted common share$1.48 $1.53 $3.24 

 (1) As a result of the Palisades Acquisition, we updated the determination of earnings available for distribution to exclude non-recurring acquisition-related transaction expenses, non-cash amortization of intangibles and depreciation expenses, and non-cash imputed compensation expenses. These expenses are excluded as they relate to the Palisades Acquisition and are not directly related to generation of our portfolio’s investment income.

 (2) Non-cash amortization of intangibles and depreciation expenses related to the Palisades Acquisition

The table below summarizes the reconciliation from weighted-average diluted shares under GAAP to the weighted average adjusted diluted shares used for