Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 436

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 436
---
 paid on secured financing agreements in a rising rate environment. Presenting the net contractual interest payments on interest rate swaps with the interest paid on interest-bearing 

46

liabilities reflects our total contractual interest payments. We believe this presentation is useful to investors because it depicts the economic value of our investment strategy by showing all components of interest expense and net interest income of our investment portfolio. However, Economic net interest income should not be viewed in isolation and is not a substitute for net interest income computed in accordance with GAAP. Where indicated, interest expense, adjusting for any interest earned on cash, is referred to as Economic interest expense. Where indicated, net interest income reflecting net periodic interest cost of interest rate swaps and any interest earned on cash, is referred to as Economic net interest income.

The following table reconciles the Economic net interest income to GAAP net interest income and Economic interest expense to GAAP interest expense for the periods presented.

GAAPInterestIncomeGAAPInterestExpensePeriodic Interest Cost of Interest Rate SwapsEconomic InterestExpenseGAAP Net InterestIncomePeriodic Interest Cost of Interest Rate SwapsOther (1)EconomicNetInterestIncomeFor the Year Ended December 31, 2024$760,950 $496,274 $(23,780)$472,494 $264,676 $23,780 $(7,352)$281,104 For the Year Ended December 31, 2023$772,904 $509,541 $(17,167)$492,374 $263,363 $17,167 $(9,871)$270,659 For the Year Ended December 31, 2022$773,121 $333,293 $1,752 $335,045 $439,828 $(1,752)$(2,505)$435,571 For the Quarter Ended December 31, 2024$192,364 $126,540 $(4,542)$121,997 $65,824 $4,542 $(1,169)$69,197 For the Quarter Ended September 30, 2024$195,295 $128,844 $(6,789)$122,054 $66,451 $6,789 $(1,729)$71,511 For the Quarter Ended June 30, 2024$186,717 $119,422 $(6,971)$112,451 $67,295 $