Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 208

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 208
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% of our REIT taxable income determined before applying the deduction for dividends paid and by excluding net capital gains consistent with our intention to maintain our qualification as a REIT under the Internal Revenue Code.

Cash Flows

The following table summarizes changes to our cash and cash equivalents and restricted cash for the periods presented:

Year Ended December 31,20242023ChangeBeginning of period — cash and cash equivalents and restricted cash$1,697,095 $1,629,328 $67,767 Net cash provided by (used in) operating activities(2,185,201)693,595 (2,878,796)Net cash provided by (used in) investing activities(2,425,156)216,721 (2,641,877)Net cash provided by (used in) financing activities4,831,071 (842,549)5,673,620 Net increase (decrease) in cash and cash equivalents and restricted cash220,714 67,767 152,947 End of Period — Cash and Cash Equivalents and Restricted Cash$1,917,809 $1,697,095 $220,714 

Operating Activities

Net cash (used in) provided by operating activities was approximately $(2.2) billion and $0.7 billion for the years ended December 31, 2024 and 2023, respectively. The net cash used in operating activities is primarily attributable to higher mortgage origination volumes driven by a rise in refinance and home-equity lending influenced by a decrease in mortgage rates, which fell to around 6% for a 30-year fixed loan by the end of the third quarter, partially offset by proceeds from residential mortgage loan repayments.  

Investing Activities

Net cash (used in) provided by investing activities was approximately $(2.4) billion and $0.2 billion for the years ended December 31, 2024 and 2023, respectively. The net cash used in investing activities is attributable to the Computershare Acquisition, an increase in residential transition loans originations and net purchases of Treasury securities, partially offset by repayments of reverse repurchase agreements, government-backed and other securities, residential transition loans, servicer advances and consumer loans.

Financing Activities

Net cash provided by (used in) financing activities were approximately $4.8 billion and $(0.8) billion for the years ended December 31, 2024 and 2023, respectively. The net