Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 198

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 198
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 approximately $250 million and $84 million at June 30, 2025 and December 31, 2024, respectively. As a result of our operating, investing and financing activities described below, our cash position increased by $166 million from December 31, 2024 to June 30, 2025.

Our operating activities provided net cash of approximately $41 million and $126 million for the six months ended June 30, 2025 and 2024, respectively. The cash flows from operations were primarily driven by interest received in excess of interest paid of $149 million and $163 million during the quarters ended June 30, 2025 and 2024, respectively. 

Our investing activities used cash of $1.4 billion and provided cash of $135 million for the six months ended June 30, 2025 and 2024, respectively. During the six months ended June 30, 2025, we used cash to purchase $1.9 billion of Agency MBS and $436 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 $840 million, collectively. During the six months ended June 30, 2024, we received cash for principal repayments on Agency MBS, Non-Agency RMBS and Loans held for investment of $672 million and from sale of our Agency MBS of $35 million. This cash received was offset in part by cash used on investment purchases of $443 million of Agency MBS, $80 million of Loans held for investment, and $49 million of Non-Agency RMBS.

Our financing activities provided cash of $1.5 billion and used cash of $320 million for the six months ended June 30, 2025 and 2024, respectively. During the six months ended June 30, 2025, we received cash from net proceeds on our secured financing agreements of $1.7 billion, and proceeds received from our secured debt borrowings of $780 million. This cash received was offset in part by cash used for repayment of principal on our securitized debt of $903 million, and payment of common and preferred dividends of $104 million. During the six months ended June 30, 2024, we primarily used cash for repayment of principal on our securitized debt of $568 million and payment of common and preferred dividends of $91 million.