Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 67

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 67
---
 12,250 Preferred dividends declared ($1.25 per share)— — — — — (3,507)— (3,507)Common dividends declared ($0.32 per share)(1)— — — — — — (44,246)(44,246)June 30, 2024$66,948 132,215,757 $1,322 $2,497,218 $(47,332)$1,186,701 $(2,484,119)$1,220,738 

(1)    Includes dividends and dividend equivalents declared on common stock and stock-based compensation awards.

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

6

REDWOOD TRUST, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands)(Unaudited)Six Months Ended June 30,20252024Cash Flows From Operating Activities:Net (loss) income$(82,345)$45,796 Adjustments to reconcile net (loss) income to net cash used in operating activities:Amortization of premiums, discounts, and debt issuance costs, net5,672 7,823 Depreciation and amortization of non-financial assets5,460 6,315 Originations of held-for-sale loans(846,335)(653,699)Purchases of held-for-sale loans(5,210,370)(2,901,465)Proceeds from sales of held-for-sale loans1,905,228 619,573 Principal payments on held-for-sale loans59,508 30,454 Net settlements of derivatives(16,853)(66,475)Non-cash equity award compensation expense and other9,733 12,250 Market valuation adjustments32,865 (73,859)Realized gains, net(1,206)(408)Net change in:Other assets(42,281)8,592 Accrued expenses and other liabilities115,176 44,932 Net cash used in operating activities(4,065,748)(2,920,171)Cash Flows From Investing Activities:Originations and purchases of loan investments(258,975)(120,341)Proceeds from sales of loans91,204 52,163 Principal payments on loan investments1,703,903 1,049,264 Purchases of HEI(6