Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 120

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 120
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 105,241 (Decrease) increase in accrued interest payable(55,779)47,739 75,652 Change in other operating assets and liabilities, net(58,147)(5,448)(19,867)Net cash provided by operating activities201,004 343,509 623,402 Cash Flows From Investing Activities:Purchases of available-for-sale securities(2,135,001)(3,877,805)(10,662,518)Proceeds from sales of available-for-sale securities2,183,330 2,673,827 7,793,705 Principal payments on available-for-sale securities707,203 662,469 1,102,994 Purchases of mortgage servicing rights, net of purchase price adjustments(114,124)(312,637)(629,810)Proceeds from sales of mortgage servicing rights109,778 133,938 261,827 Short sales (purchases) of derivative instruments, net21,809 (4,029)(71,291)Proceeds from sales and settlement (payments for termination and settlement) of derivative instruments, net204,476 (244,364)125,908 Payments for reverse repurchase agreements(3,649,355)(2,487,516)(3,241,834)Proceeds from reverse repurchase agreements3,577,471 3,270,360 2,309,581 Acquisition of RoundPoint Mortgage Servicing LLC, net of cash acquired(20,976)26,798 — Increase (decrease) in due to counterparties, net10,668 (36,824)260,157 Net cash provided by (used in) investing activities$895,279 $(195,783)$(2,751,281)

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

63

TWO HARBORS INVESTMENT CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS, continued

(in thousands) 

Year EndedDecember 31,202420232022Cash Flows From Financing Activities:Proceeds from repurchase agreements$46,460,195 $37,045,726 $35,927,488 Principal payments on repurchase agreements(46,675,345)(37,628,530)(34,980,922)Proceeds from revolving credit facilities129,500 404,000 720,000 Principal payments on revolving credit facilities(