Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 181

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 181
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 respectively ($260,000 liquidation preference)104 104 8.00% Series D cumulative redeemable: 8,000,000 shares issued and outstanding, respectively ($200,000 liquidation preference)80 80 Common stock: par value $0.01 per share; 166,666,667 shares authorized, 80,922,221 and 80,453,552 shares issued and outstanding, respectively809 804 Additional paid-in-capital4,390,516 4,370,130 Accumulated other comprehensive income159,449 185,668 Cumulative earnings4,341,111 4,165,046 Cumulative distributions to stockholders(6,366,068)(6,163,101)Total stockholders' equity$2,526,189 $2,558,919 Total liabilities and stockholders' equity$13,116,490 $12,928,998 

(1) The Company's consolidated statements of financial condition include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of December 31, 2024, and December 31, 2023, total assets of consolidated VIEs were $9,970,094 and $10,501,840, respectively, and total liabilities of consolidated VIEs were $6,766,505 and $7,349,109, respectively. See Note 9 for further discussion.

See accompanying notes to consolidated financial statements.

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CHIMERA INVESTMENT CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(dollars in thousands, except share and per share data) For the Years EndedDecember 31, 2024December 31, 2023December 31, 2022Net interest income:Interest income (1)$760,950 $772,904 $773,121 Interest expense (2)496,274 509,541 333,293 Net interest income264,676 263,363 439,828 Increase (decrease) in provision for credit losses9,838 11,371 7,037 Other income (losses):Net unrealized gains (losses) on derivatives2,963 (6,411)(1,482)Realized gains (losses) on derivatives(21,540