Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 7

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 7
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 receivable5,006 (1,222)(Increase) decrease in deferred income taxes, net(12,425)9,229 Decrease in accrued interest payable(40,768)(64,905)Change in other operating assets and liabilities, net71,081 1,610 Net cash (used in) provided by operating activities(28,213)222,063 Cash Flows From Investing Activities:Purchases of available-for-sale securities(8,753,764)(1,513,681)Proceeds from sales of available-for-sale securities9,348,345 896,520 Principal payments on available-for-sale securities602,489 517,249 Purchases of mortgage servicing rights, net of purchase price adjustments(101,568)(86,619)Proceeds from sales of mortgage servicing rights297,500 109,284 Net (payments) proceeds on derivative instruments(285,065)8,278 Payments for reverse repurchase agreements(2,633,726)(2,937,425)Proceeds from reverse repurchase agreements2,831,566 2,862,336 Payment for acquisition of RoundPoint Mortgage Servicing LLC— (20,976)Decrease in due to counterparties, net(376,933)(163,653)Net cash provided by (used in) investing activities$928,844 $(328,687)

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

5

TWO HARBORS INVESTMENT CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited), continued

(in thousands) 

Nine Months EndedSeptember 30,20252024Cash Flows From Financing Activities:Proceeds from repurchase agreements$35,598,361 $35,971,915 Principal payments on repurchase agreements(36,298,768)(35,228,722)Proceeds from revolving credit facilities213,000 58,500 Principal payments on revolving credit facilities(287,800)(388,500)Proceeds from warehouse lines of credit121,100 7,734 Principal payments on warehouse lines of credit(114,680)(4,717)Repayment of term notes payable— (295,776)Proceeds from issuance of senior notes110,588 — Repurchase of convertible senior notes— (9,675)Repurchase and retirement of preferred stock— (11,102)Proceeds from issuance of common stock,