Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 13

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 13
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ATED STATEMENTS OF CASH FLOWS (unaudited), continued

(in thousands) 

Three Months EndedMarch 31,20252024Cash Flows From Financing Activities:Proceeds from repurchase agreements$12,970,058 $12,276,613 Principal payments on repurchase agreements(11,034,285)(11,935,182)Proceeds from revolving credit facilities70,000 58,500 Principal payments on revolving credit facilities(157,000)(30,000)Proceeds from warehouse facilities28,995 — Principal payments on warehouse facilities(23,056)— Repurchase and retirement of preferred stock— (11,102)Proceeds from issuance of common stock, net of offering costs82 54 Dividends paid on preferred stock(11,784)(12,012)Dividends paid on common stock(46,981)(46,899)Net cash provided by financing activities1,796,029 299,972 Net decrease in cash, cash equivalents and restricted cash(119,916)(56,405)Cash, cash equivalents and restricted cash at beginning of period817,641 794,833 Cash, cash equivalents and restricted cash at end of period$697,725 $738,428 Supplemental Disclosure of Cash Flow Information:Cash paid for interest$125,556 $215,337 Cash paid for taxes, net$3,701 $103 Noncash Activities:Dividends declared but not paid at end of period$60,402 $58,685 

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

5

Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

Note 1. Organization and Operations

Two Harbors Investment Corp. is a Maryland corporation founded in 2009 that, through its wholly owned subsidiaries (collectively, the Company), invests in, finances and manages mortgage servicing rights, or MSR, and Agency residential mortgage-backed securities, or Agency RMBS, and, through its operational platform, RoundPoint Mortgage Servicing LLC, or RoundPoint, is one of the largest servicers of conventional loans in the country. Agency refers to a U.S. government sponsored enterprise, or GSE, such as the Federal National Mortgage Association, or Fannie Mae, or the Federal Home Loan Mortgage Corporation, or Freddie Mac, or a U.S. government agency such