Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 451

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 451
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,012)(11,231)(76,765)(6,815)Net realized (gains) losses on sales of investments1,468 — — 3,750 3,752 (Gains) losses on extinguishment of debt— — — — 2,473 Increase (decrease) in provision for credit losses4,448 358 3,684 1,347 2,330 Net unrealized (gains) losses on derivatives(276)14,457 (11,955)(5,189)15,871 Realized (gains) losses on derivatives(641)4,864 17,317 — — Transaction expenses4,707 2,317 — 67 425 Stock Compensation expense for retirement eligible awards(307)(424)(419)1,024 (391)Amortization of intangibles and depreciation expenses (2)321 — — — — Non-cash imputed compensation related to business acquisition10,296 — — — — Other investment (gains) losses(2,490)(1,366)(1,001)(4,686)986 Earnings available for distribution$30,448 $29,866 $30,308 $30,564 $30,735 GAAP net income (loss) per diluted common share$(2.04)$1.39 $0.41 $1.36 $0.16 Earnings available for distribution per adjusted diluted common share$0.37 $0.36 $0.37 $0.37 $0.40 

 (1) As a result of the Palisades Acquisition, we updated the determination of earnings available for distribution to exclude non-recurring acquisition-related transaction expenses, non-cash amortization of intangibles and depreciation expenses, and non-cash imputed compensation expenses. These expenses are excluded as they relate to the Palisades Acquisition and are not directly related to generation of our portfolio’s investment income.

 (2) Non-cash amortization of intangibles and depreciation expenses related to the Palisades Acquisition

The table below summarizes the reconciliation from weighted-average diluted shares under GAAP to the weighted-average adjusted diluted shares used for Earnings available for distribution for the periods reported below.

For the Quarters EndedDecember 31, 2024September 30, 2024June