Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 213

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 213
---
 financing facilities, as well as proceeds from equity, debt or other securities offerings.

In addition to the principal sources of capital described above, we may enter into warehouse facilities and use longer dated structured secured financing agreements. The use of any particular source of capital and funds will depend on market conditions, availability of these facilities, and the investment opportunities available to us.

Current Period 

We held cash and cash equivalents of approximately $491 million and $84 million at September 30, 2025 and December 31, 2024, respectively. As a result of our operating, investing and financing activities described below, our cash position increased by $407 million from December 31, 2024 to September 30, 2025.

Our operating activities used net cash of approximately $96 million and provided $168 million for the nine months ended September 30, 2025 and 2024, respectively. The cash flows from operations were primarily driven by interest received in excess of interest paid of $207 million and $222 million during the nine months ended September 30, 2025 and 2024, respectively. 

Our investing activities used cash of $1.3 billion and $511 million for the nine months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025, we used cash to purchase $3.3 billion of Agency MBS and $440 million of Loans held for investment, which were offset by cash received for principal repayments on Agency MBS, Non-Agency RMBS and Loans held for investment of $1.3 billion, collectively. During the nine months ended September 30, 2024, we used cash on investment purchases of $986 million of Agency MBS, $523 million of Loans held for investment and $96 million of Non-Agency RMBS offset by cash received for principal repayments on Agency MBS, Non-Agency RMBS and Loans held for investment of $1.1 billion and from sale of our Agency MBS of $35 million.

Our financing activities provided cash of $1.8 billion and $219 million for the nine months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025, we received cash from net proceeds on our secured financing agreements of $2.0 billion, and proceeds received from our secured debt borrowings of $1.0 billion. This cash received was offset in part by cash used for repayment