Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 123

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 123
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MENTS OF CASH FLOWS(dollars in thousands) For The Years Ended December 31, 202420232022Cash flows from operating activities   Net income (loss)$1,011,768 $(1,638,457)$1,726,420 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesAmortization of premiums and discounts of investments, net113,040 185,728 87,154 Amortization of securitized debt premiums and discounts and deferred financing costs3,579 13,824 (4,733)Depreciation, amortization and other noncash expenses30,356 24,806 20,506 Net (gains) losses on investments and derivatives783,191 3,310,579 109,443 Business divestiture-related (gains) losses— — 40,258 Income (loss) from unconsolidated joint ventures(5,790)10,270 (11,454)Loan loss provision (reversal)— (219)(20,660)Payments on purchases of loans held for sale(58,306)— — Proceeds from sales and repayments of loans held for sale48,951 1,577 4,597 Proceeds from U.S. Treasury securities8,613,104 2,015,608 — Payments on U.S. Treasury securities(8,156,998)— — Net receipts (payments) on derivatives779,334 (862,032)3,643,954 Net change in   Other assets(61,883)(136,804)(11,437)Interest receivable154,651 (585,817)(403,613)Interest payable(19,620)(37,343)233,753 Other liabilities75,282 65,483 (41,777)Net cash provided by (used in) operating activities3,310,659 2,367,203 5,372,411 Cash flows from investing activities   Payments on purchases of securities(32,213,640)(41,036,338)(45,474,466)Proceeds from sales of securities21,106,379 31,259,983 25,055,929 Principal payments on securities6,834,322 6,153,217 9,541,036 Payments on purchases and