Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 67

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 tax purposes related to equity-based compensation awards.

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

7  

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)Nine Months EndedSeptember 30,(In Thousands)20252024Cash Flows From Operating Activities:  Net income/(loss)$122,464 $113,342 Adjustments to reconcile net income/(loss) to net cash provided by operating activities: Net (gain)/loss on residential whole loans(133,033)(152,682)Impairment and other net (gain)/loss on securities and other portfolio investments, net(45,828)(16,597)Net (gain)/loss on real estate owned4,210 (2,715)Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities(682)(6,265)Provision/(reversal of provision) for credit losses on residential whole loans and other assets1,212 (2,346)Net (gain)/loss on derivatives used for risk management purposes 66,214 44,155 Net (gain)/loss on securitized debt measured at fair value through earnings43,589 99,241 Net margin received/(paid) for derivatives used for risk management purposes(96,176)(31,221)Net other non-cash (gains)/losses included in net income59,688 60,099 (Increase)/decrease in other assets9,164 (14,228)Increase/(decrease) in other liabilities7,797 (2,110)Net cash provided by/(used in) operating activities$38,619 $88,673 Cash Flows From Investing Activities:  Purchases and origination of residential whole loans, loan related investments and capitalized advances$(2,030,362)$(2,020,095)Proceeds from sales of residential whole loans220,293 407,702 Principal payments on residential whole loans and loan related investments1,845,793 1,610,746 Purchases of securities(817,636)(404,016)Proceeds from sales of securities and other assets20,790 45,619 Principal payments on securities171,918 44,584 Proceeds from sales of real estate owned73,957 68,156 Other investing activities(38,779)64,509 Net