Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 71

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 71
---
IESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(dollars in thousands)

Nine Months EndedSeptember 30,20252024Cash Flows From Operating ActivitiesNet income$627,514 $649,585 Adjustments to reconcile net income to net cash flows from operating activities:Change in fair value of investments, net(81,668)224,111 Change in fair value of secured notes and bonds payable26,053 6,714 Gain on settlement of investments, net(19,871)(277,938)Gain on sale of originated residential mortgage loans, held-for-sale, net(525,795)(480,894)(Gain) loss on transfer of loans to real estate owned (“REO”)(707)(1,054)Accretion and other amortization(39,999)(62,331)Reversal of credit losses on securities, loans and REO(4,026)(3,509)Non-cash portions of servicing revenue, net789,991 555,236 Deferred tax provision(51,265)57,232 Mortgage loans originated and purchased for sale, net of fees(46,948,096)(42,579,305)Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale44,240,046 41,042,180 Sales proceeds and loan repayment proceeds of consolidated entities750,822 308,816 Interest received from servicer advance investments, RMBS, loans and other36,264 37,942 Interest received from reverse repurchase agreements— 52,319 Loan originations and investment purchases of consolidated entities(531,002)(30,017)Changes in:Servicer advances receivable513,220 262,689 Other assets57,545 (42,354)Accrued expenses and other liabilities(16,496)(151,265)Net cash used in operating activities(1,177,470)(431,843)

7 

RITHM CAPITAL CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED), CONTINUED(dollars in thousands)

Nine Months EndedSeptember 30,20252024Cash Flows From Investing ActivitiesBusiness acquisitions, net of cash acquired— (603,778)Purchase of servicer advance investments(520,334)(590,261)Purchase of Excess MSRs— (122,887)Purchase of government-backed and