Cherry hill mortgage investment corporation (CHMI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Sep'13
Cash Flows From Operating Activities
Net loss

-43,496

37,773

48,014

25,243

13,355

2,375

21,202

-

Net Income (Loss)

-

-

-

-

-

-

-

-132

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Realized loss on RMBS, available-for-sale, net

902

-8,362

-503

1,399

854

-60

-527

-

Refers to the amount of unrealized gain (loss) on investments in servicing related assets.

-106,772

-3,573

9,159

-

-

-

-

-

Refers to change in fair value of investments in excess mortgage servicing rights.

-

-

-

-3,036

-1,142

-5,100

14,894

-

Refers to amount of realized gain (loss) on excess of mortgage servicing rights.

0

0

6,678

1,520

0

0

-

-

Realized gain on acquired assets, net

26

0

0

-

-

-

-

-

Realized loss on derivatives, net

-12,362

-5,889

-5,554

-7,963

-3,913

-2,643

59

-

Unrealized gain (loss) on derivatives, net

-10,867

3,505

6,580

12,080

-59

-6,564

2,747

-

Realized gain on TBA dollar rolls, net

1,667

1,089

379

0

-

-

-

-

Realized gain on bargain purchase

-

-

-

-

449

0

0

-

Amortization of premiums on RMBS, available-for-sale

-14,485

-12,036

-8,676

-4,115

-3,811

-2,058

-217

-

Amortization of deferred financing costs

652

205

79

8

-

-

-

-

LTIP-OP Unit awards

1,023

662

607

618

463

320

200

-

Changes in:
Receivables from unsettled trades

-

-

-

-

-309

-6,930

-

-

Receivables from unsettled trades

-

-

-

-

-

-

7,239

-

Receivables and other assets, net

23,075

7,341

4,345

2,908

-1,643

414

4,106

-

Due to affiliates

1,586

-1,032

1,141

896

229

153

616

-

Payables for unsettled trades

0

0

-6,202

6,202

0

0

-

-

The increase (decrease) in accrued interest on derivatives during the period.

-5,861

-1,686

3,875

-

-

-

-

-

The amount of increase (decrease) in dividends payable during the period.

-3,079

4,574

0

-

-

-

-

-

Accrued expenses and other liabilities, net

43

3,531

8,709

4,291

-246

718

956

-

Net cash provided by (used in) operating activities

-

-

-

-

-

26,507

-5,327

-

Increase in accrued expenses

-

-

-

-

-

-

-

105

Net cash provided by operating activities

69,684

61,952

43,815

34,465

23,375

-

-

-27

Cash Flows From Investing Activities
Purchase of RMBS

1,088,758

410,886

1,348,134

312,095

303,278

202,679

416,695

-

The cash inflow from principal paydown of agency residential mortgage backed security during the period.

275,086

170,740

110,409

55,847

47,131

25,369

2,155

-

Proceeds from sale of RMBS

141,653

255,092

62,989

83,735

154,455

57,511

121,785

-

Acquisition of Excess MSRs

-

-

-

-

-

2,181

98,968

-

The cash inflow from principal paydown of excess of mortgage servicing rights during the period.

-

-

-

7,804

13,261

16,065

3,556

-

The cash inflow from the sale of excess mortgage servicing rights during the period.

0

0

35,905

42,493

0

0

-

-

Aurora acquisition, net of cash received

-

-

-

-

3,839

0

0

-

The cash outflow associated with the acquisition of payments to acquire MSRs.

102,976

175,674

81,611

15,395

13,861

0

0

-

Purchase of derivatives

913

3,097

2,642

8,616

4,046

1,585

1,842

-

Proceeds from settlement of derivatives

-18,793

-1

-163

-133

-291

-157

0

-

Purchases of Federal Home Loan Bank stock

-

-

-

-

3,261

0

0

-

Net cash provided by (used in) investing activities

-757,115

-163,824

-1,222,921

-146,094

-113,147

-

-

-

Cash Flows From Financing Activities
Net cash provided by (used in) investing activities

-

-

-

-

-

-107,343

-390,009

-

Changes in restricted cash

-

-

-

-

-2,995

-3,203

-3,744

-

The cash inflow from borrowings under repurchase agreements during the period.

7,969,930

6,721,379

4,610,000

2,263,101

1,672,421

1,510,859

641,140

-

The cash inflow for repayments of repurchase agreements during the period.

7,230,884

6,789,324

3,538,078

2,054,046

1,648,983

1,410,035

379,838

-

Proceeds from derivative financing

19,090

3,469

5,050

0

-

-

-

-

Proceeds from Federal Home Loan Bank advances

-

-

-

7,000

109,550

0

0

-

Repayments of Federal Home Loan Bank advances

-

-

-

69,250

47,300

0

0

-

Proceeds from bank loans

121,143

120,317

26,921

13,992

25,000

0

0

-

Principal paydown of bank loans

112,350

2,004

10,861

15,427

4,656

0

0

-

Dividends paid

39,227

37,870

24,214

15,872

15,028

14,789

0

-

The cash outflow in the form of capital distributions to long term incentive plan units during the period.

510

367

326

246

155

104

0

-

The cash outflow from conversion of operating partnership's common units of limited partnership interest during the period.

103

0

238

0

0

-

-

-

Increase in Due to affiliate

-

-

-

-

-

-

-

41

Issuance of common stock, net of offering costs

4,112

69,012

81,237

125

74

180

148,152

1

Issuance of preferred stock, net of offering costs

49,642

7,722

57,917

0

0

-

-

-

Repurchase of common stock

3,543

0

0

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

82,908

405,710

-

Net cash provided by (used in) financing activities

739,120

85,396

1,197,308

129,377

87,928

-

-

42

Net Increase in Cash, Cash Equivalents and Restricted Cash

51,689

-16,476

18,202

-

-

-

-

-

Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash

-

-

-

17,748

-1,844

2,072

10,374

14

Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest expense

46,533

29,821

14,409

6,981

5,606

-

-

-

Cash paid during the period for income taxes

256

53

65

-

-

-

-

-

Supplemental Schedule of Non-Cash Investing and Financing Activities
Cash paid during the period for interest expense

-

-

-

-

-

3,867

178

-

Dividends declared but not paid

8,768

11,847

7,273

4,816

3,684

3,830

3,375

-