Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 207

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 207
---
ee notes to consolidated financial statements.

3

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS(dollars in thousands)(Unaudited) For The Three Months Ended March 31, 20252024Cash flows from operating activities  Net income (loss)$130,305 $465,174 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesAmortization of premiums and discounts of investments, net71,249 28,050 Amortization of securitized debt premiums and discounts and deferred financing costs(2,724)2,292 Depreciation, amortization and other noncash expenses9,217 6,884 Net (gains) losses on investments and derivatives358,600 (52,868)Income (loss) from unconsolidated joint ventures4,376 3,381 Payments on purchases of loans held for sale(38,611)(2,643)Proceeds from sales and repayments of loans held for sale42,072 — Proceeds from U.S. Treasury securities2,465,677 2,093,527 Payments on U.S. Treasury securities(2,486,009)(2,093,489)Net receipts (payments) on derivatives(899,210)826,716 Net change in  Other assets(26,196)(2,877)Interest receivable230,790 354,997 Interest payable17,541 62,468 Other liabilities(33,343)6,277 Net cash provided by (used in) operating activities(156,266)1,697,889 Cash flows from investing activities  Payments on purchases of securities(4,368,706)(7,788,513)Proceeds from sales of securities7,337,167 9,483,792 Principal payments on securities1,672,398 1,424,656 Payments on purchases and origination of loans(3,875,537)(3,134,429)Proceeds from sales of loans378,893 — Principal payments on loans900,695 363,741 Payments on purchases of MSR(387,147)(515,760)Proceeds from sales of MSR1,871 —