Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 449

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 449
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IT taxable income, a guaranty of our ability to pay dividends, or as a proxy for the amount of dividends we may pay. We believe Earnings available for distribution helps us and investors evaluate our financial performance period over period without the impact of certain non-recurring transactions. Therefore, Earnings available for distribution should not be viewed in isolation and is not a substitute for or superior to net income or net income per basic share computed in accordance with GAAP. In addition, our methodology for calculating Earnings available for distribution may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and accordingly, our Earnings available for distribution may not be comparable to the Earnings available for distribution reported by other REITs. 

The following table provides GAAP measures of net income and net income per diluted share available to common stockholders for the periods presented and details with respect to reconciling the line items to Earnings available for distribution and related per average diluted common share amounts. Earnings available for distribution is presented on an adjusted dilutive shares basis.

 For the Years Ended December 31, 2024December 31, 2023December 31, 2022 (dollars in thousands, except per share data)GAAP Net income (loss) available to common stockholders$90,329 $52,354 $(586,831)Adjustments (1): Net unrealized (gains) losses on financial instruments at fair value(10,811)(34,373)736,899 Net realized (gains) losses on sales of investments5,219 31,234 76,473 (Gains) losses on extinguishment of debt— (3,875)2,897 Increase (decrease) in provision for credit losses9,838 11,371 7,037 Net unrealized (gains) losses on derivatives(2,963)6,411 1,482 Realized (gains) losses on derivatives21,540 40,957 561 Transaction expenses7,091 15,379 16,146 Stock Compensation expense for retirement eligible awards(125)966 (205)Amortization of intangibles and depreciation expenses (2)321 — — Non-cash imputed compensation related to business acquisition10,296 — — Other investment (gains) losses(9,543)(1,091)1,866 E