Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 9

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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,194)Purchases of other assets(674)(65)Net cash used in investing activities(2,749,056)(1,660,170)Cash Flows from Financing Activities:  Net proceeds received from repurchase agreements and warehouse facilities2,331,955 1,135,835 Proceeds from issuance of senior unsecured notes, net193,505 60,000 Proceeds from issuance of collateralized debt obligations, net947,788 1,055,392 Repurchases of common stock(1,502)(3,493)Proceeds from preferred stock issuance, net5,027 — Dividends paid on common stock and dividend equivalents(54,714)(56,829)Dividends paid on preferred stock(34,323)(31,299)Net distributions to non-controlling interests in Consolidated VIEs(2,291)(7,388)Payments made on and extinguishment of collateralized debt obligations(586,071)(398,762)Payments made on Consolidated SLST CDOs(55,857)(43,624)Net payments made on mortgages payable on real estate(97,729)(33,262)Net cash provided by financing activities2,645,788 1,676,570 

The accompanying notes are an integral part of the condensed consolidated financial statements.10

Table of ContentsADAMAS TRUST, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)(Dollar amounts in thousands)(unaudited)

Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash(31,309)1,355 Cash, Cash Equivalents and Restricted Cash - Beginning of Period329,024 330,642 Cash, Cash Equivalents and Restricted Cash - End of Period$297,715 $331,997 Supplemental Disclosure:  Cash paid for interest$322,497 $248,939 Cash paid (refunds received) for income taxes$506 $(105)Non-Cash Investing Activities:  Non-cash consideration for acquisition of business$36,259 $— Consolidation of assets acquired in business combination$188,102 $— Consolidation of liabilities assumed in business combination$142,714 $— De-consolidation of real estate held in Consolidated VIEs$— $444,392 De-cons