Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 162

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 162
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 interest rate futures and 

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repurchase obligations. We may also participate in upcoming securitizations either solely or with other Angel Oak entities. We also have the ability to leverage currently unleveraged securities or whole loan assets, if we deem those actions advisable.

Restricted Cash

Restricted cash of approximately $2.1 million as of December 31, 2024 was comprised of: $0.8 million in interest rate futures margin collateral; and margin collateral for securities sold under agreements to repurchase of $1.2 million. Our counterparties did not require any margin collateral for TBAs as of December 31, 2024.

Restricted cash of approximately $2.9 million as of December 31, 2023 was comprised of: $2.5 million in interest rate futures margin collateral; and margin collateral for securities sold under agreements to repurchase of $0.3 million. Our counterparties did not require any margin collateral for TBAs as of December 31, 2023.

Cash Flows

For the Years EndedDecember 31, 2024December 31, 2023(in thousands)Cash flows provided by (used in) operating activities$(221,433)$306,404 Cash flow provided by (used in) investing activities$120,839 $(194,107)Cash flows provided by (used in) financing activities$98,991 $(107,662)Net increase (decrease) in cash and restricted cash$(1,603)$4,635 

Cash outflows used in operating activities of $221.4 million for the year ended December 31, 2024 as compared to $306.4 million in inflows for the year ended December 31, 2023 were primarily due to the significant increase in loans purchased for the year ended December 31, 2024, compared to a net gain for 2023, along with activity related to the securitization of residential mortgage loans during the year ended December 31, 2024.

Investing cash net inflows of $120.8 million for the year ended December 31, 2024 as compared to net outflows of $194.1 million for the year ended December 31, 2023 were primarily due to the timing of purchases and maturities of U.S. Treasury securities between the comparative periods.

Financing cash inflows of $99.0 million for the year ended December 31, 2024 as compared to outflows