Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 450

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 450
---
arnings available for distribution$121,192 $119,333 $256,325 GAAP net income (loss) per diluted common share$1.10 $0.68 $(7.53)Earnings available for distribution per adjusted diluted common share$1.48 $1.53 $3.24 

 (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 years ended December 31, 2024, 2023 and 2022.

54

For the Years EndedDecember 31, 2024December 31, 2023December 31, 2022Weighted average diluted shares - GAAP82,157,622 77,539,289 77,979,582 Potentially dilutive shares (1)— — 872,472 Non-participating Warrants— — — Adjusted weighted average diluted shares - Earnings available for distribution82,157,622 77,539,289 78,852,054 

(1) Potentially dilutive shares related to restricted stock units and performance stock units excluded from the computation of weighted average GAAP diluted shares

             because their effect would have been anti-dilutive given the GAAP net loss available to common shareholders for the year ended December 31, 2024. 

 For the Quarters Ended December 31, 2024September 30, 2024June 30, 2024March 31, 2024December 31, 2023 (dollars in thousands, except per share data)GAAP Net income (loss) available to common stockholders$(168,275)$113,672 $33,913 $111,016 $12,104 Adjustments (1): Net unrealized (gains) losses on financial instruments at fair value181,197 (104