Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 59

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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)— — — — — (5,257)— (5,257)Common dividends declared ($0.49 per share)(1)— — — — — — (67,811)(67,811)September 30, 2024$66,948 132,237,436 $1,322 $2,502,028 $(39,391)$1,199,777 $(2,507,684)$1,223,000 

(1)    Includes dividends and dividend equivalents declared on common stock and stock-based compensation awards.

The accompanying notes are an integral part of these consolidated financial statements.

6

REDWOOD TRUST, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands)(Unaudited)Nine Months Ended September 30,20252024Cash Flows From Operating Activities:Net (loss) income$(90,049)$60,622 Adjustments to reconcile net (loss) income to net cash used in operating activities:Amortization of premiums, discounts, and debt issuance costs, net8,830 9,547 Depreciation and amortization of non-financial assets7,789 9,131 Originations of held-for-sale loans(1,401,522)(1,099,186)Purchases of held-for-sale loans(9,125,996)(4,910,749)Proceeds from sales of held-for-sale loans3,565,676 941,704 Principal payments on held-for-sale loans152,079 63,665 Net settlements of derivatives101,693 (71,988)Non-cash equity award compensation expense and other14,804 16,949 Market valuation adjustments8,406 (103,936)Realized gains, net(1,159)(620)Net change in:Other assets40,810 (28,985)Accrued expenses and other liabilities(15,246)105,306 Net cash used in operating activities(6,733,885)(5,008,540)Cash Flows From Investing Activities:Originations and purchases of loan investments(427,922)(120,661)Proceeds from sales of loans100,619 52,163 Principal payments on loan investments3,045,770 1,749,172 Purchases of HEI(8,986)(1,066)Repayments