Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 58

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 58
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477)Reclassification adjustment for net loss included in net loss— — — — 4 4 — 4 Increase in non-controlling interest related to de-consolidation of VIEs— — — — — — 1,730 1,730 Contributions of non-controlling interest in Consolidated VIEs— — — — — — 516 516 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (3,646)(3,646)Adjustment of redeemable non-controlling interest to estimated redemption value— — (10,613)— — (10,613)— (10,613)Balance, December 31, 2024$906 $535,445 $2,289,044 $(1,430,675)$— $1,394,720 $4,055 $1,398,775 

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

F-9

NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollar amounts in thousands)

For the Years Ended December 31,202420232022Cash Flows from Operating Activities:Net loss$(93,953)$(77,799)$(340,649)Adjustments to reconcile net loss to net cash provided by operating activities:Net amortization20,219 27,500 26,137 Depreciation and amortization expense related to operating real estate39,822 24,620 126,824 Realized losses (gains), net29,351 27,059 (26,625)Unrealized losses (gains), net90,530 (97,196)347,363 (Gains) losses on derivative investments, net(95,996)26,378 (27,206)Gain on sale of real estate(27,835)(4,763)(17,132)Gain on de-consolidation of joint venture equity investments in Consolidated VIEs(6,115)— — Impairment of real estate48,875 89,548 2,449 Loss on reclassification of disposal group14,636 16,163 — Loss (gain) on extingu