Cherry hill mortgage investment corporation (CHMI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash Flows From Operating Activities
Net loss

-67,118

-43,496

-90,057

-59,607

-18,604

37,773

96,816

76,176

60,666

48,014

54,383

53,043

54,992

25,243

8,292

-2,397

8,627

13,355

0

0

0

-

-

-

-

Net Income (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-16,641

902

-2,657

-3,360

-3,481

-8,362

-5,431

-5,172

-5,128

-503

-428

511

823

1,399

1,718

1,217

867

854

627

406

596

-60

0

0

0

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

-173,450

-106,772

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

9,345

-

11,929

12,533

13,815

-3,036

-8,835

-9,705

-3,564

-1,142

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

6,678

8,198

8,198

8,198

1,520

0

0

0

-

-

-

-

-

-

-

-

Realized gain on acquired assets, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on derivatives, net

-23,642

-12,362

1,624

-11,710

-13,378

-5,889

-3,987

-4,760

-4,524

-5,554

-8,350

-9,017

-7,519

-7,963

-5,579

-4,379

-4,132

-3,913

-3,600

-3,678

-3,813

-2,643

0

0

0

Unrealized gain (loss) on derivatives, net

49,605

-10,867

-45,161

-34,221

-24,393

3,505

42,889

35,766

25,124

6,580

13,440

14,955

18,360

12,080

1,407

-6,778

-2,715

-59

-7,134

-123

-5,663

-6,564

0

0

0

Realized gain on TBA dollar rolls, net

2,108

1,667

1,456

1,130

1,236

1,089

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of investments in Excess MSRs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of premiums on RMBS, available-for-sale

-16,740

-14,485

-9,813

-9,011

-10,465

-12,036

-13,654

-13,227

-10,717

-8,676

-7,194

-5,532

-4,681

-4,115

-4,145

-4,144

-3,987

-3,811

-3,240

-2,759

-2,380

-2,058

0

0

0

Amortization of deferred financing costs

536

652

668

640

373

205

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LTIP-OP Unit awards

1,021

1,023

909

876

790

662

637

626

610

607

607

617

606

618

630

541

508

463

0

0

0

-

-

-

-

LTIP-OP Unit awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in:
Receivables from unsettled trades

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Receivables and other assets, net

30,491

23,075

20,023

14,073

10,166

7,341

6,174

5,992

7,439

4,345

3,765

2,680

-578

2,908

1,321

-132

-148

-1,643

0

0

0

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Due to affiliates

-242

1,586

-637

-1,060

-2,671

-1,032

538

1,173

2,101

1,141

1,828

1,401

1,288

896

625

265

300

229

255

58

64

153

0

0

0

Payables for unsettled trades

-

-

-

-

-

-

-

-

-

-6,202

-5,380

10,451

257,792

6,202

0

0

0

-

-

-

-

-

-

-

-

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

-5,617

-5,861

-5,299

-4,799

-4,156

-1,686

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-1,090

-3,079

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities, net

4,269

43

-9,617

-8,477

-3,606

3,531

13,265

18,788

13,881

8,709

6,101

3,308

3,874

4,291

4,382

4,289

-59

-246

-855

-51

-726

718

0

0

0

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,606

-

21,495

16,073

17,503

26,507

0

0

0

Net cash provided by operating activities

79,956

69,684

60,851

59,105

58,221

61,952

66,977

54,438

-198,010

43,815

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows From Investing Activities
Purchase of RMBS

1,221,209

1,088,758

910,266

491,482

590,658

410,886

546,249

941,500

896,821

1,348,134

1,379,151

987,948

776,624

312,095

178,830

275,919

258,074

303,278

332,892

238,376

240,296

202,679

0

0

0

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

324,736

275,086

211,474

180,203

163,667

170,740

170,478

155,583

134,949

110,409

90,830

70,397

62,196

55,847

53,111

52,070

48,980

47,131

42,346

35,488

30,167

25,369

0

0

0

Proceeds from sale of RMBS

1,206,432

141,653

131,919

68,830

97,334

255,092

212,155

241,641

213,137

62,989

52,222

45,844

67,878

83,735

176,568

140,829

125,780

154,455

87,241

103,993

98,059

57,511

0

0

0

Acquisition of Excess MSRs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

668

2,181

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

7,804

12,956

14,632

13,529

13,261

13,664

13,601

16,107

16,065

0

0

0

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

-

-

-

-

-

-

-

-

-

35,905

78,398

78,398

78,398

42,493

0

0

0

-

-

-

-

-

-

-

-

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

92,063

102,976

104,537

129,074

159,129

175,674

162,812

143,441

102,102

81,611

59,646

34,877

43,493

15,395

29,215

29,158

18,113

13,861

0

0

0

-

-

-

-

Purchase of derivatives

1,243

913

1,863

1,652

2,338

3,097

1,319

2,701

3,076

2,642

7,423

8,389

7,566

8,616

5,875

4,603

4,976

4,046

2,931

2,673

1,635

1,585

0

0

0

Proceeds from settlement of derivatives

-47,014

-18,793

-24,398

-7,415

-782

-1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-157

0

0

0

Sale of derivatives

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

263,667

-757,115

-648,875

-365,760

-490,342

-163,824

-327,614

-690,199

-652,796

-1,222,921

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-99,683

-

-199,194

-91,459

-98,037

-107,343

0

0

0

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

0

0

5,821

-

-904

-4,767

-2,633

-2,995

0

0

0

-

-

-

-

Margin deposits under repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

8,852,520

7,969,930

7,259,356

6,572,310

6,783,848

6,721,379

6,654,540

6,516,281

5,730,141

4,610,000

3,853,968

2,911,199

2,611,151

2,263,101

1,983,442

1,960,376

1,752,551

1,672,421

1,487,575

1,364,579

1,389,989

1,510,859

0

0

0

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

9,072,633

7,230,884

6,672,912

6,323,108

6,499,065

6,789,324

6,535,217

6,020,412

5,002,896

3,538,078

2,759,103

2,169,834

2,236,208

2,054,046

1,957,961

1,888,688

1,728,041

1,648,983

1,376,082

1,273,935

1,286,102

1,410,035

0

0

0

Proceeds from derivative financing

11,219

19,090

38,111

34,612

30,055

3,469

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from derivative financing

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

7,000

21,500

116,550

116,550

109,550

0

0

0

-

-

-

-

Repayments of Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

69,250

88,850

116,550

69,300

47,300

0

0

0

-

-

-

-

Proceeds from bank loans

128,565

121,143

137,244

89,904

94,904

120,317

96,716

46,116

61,116

26,921

35,941

35,992

15,992

13,992

0

0

0

-

-

-

-

-

-

-

-

Principal paydown of bank loans

118,000

112,350

109,306

17,799

9,352

2,004

2,056

2,479

2,477

10,861

23,323

23,353

23,837

15,427

4,190

6,116

5,132

4,656

0

0

0

-

-

-

-

Dividends paid

38,301

39,227

42,150

42,224

40,419

37,870

33,295

30,823

27,975

24,214

21,550

18,418

15,875

15,872

14,745

14,737

14,882

15,028

15,170

15,320

15,244

14,789

0

0

0

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

485

510

505

479

418

367

345

312

318

326

321

313

286

246

221

187

171

155

139

139

123

104

0

0

0

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

76

103

103

103

103

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of offering costs

4,104

4,112

12,711

19,413

69,107

69,012

60,433

53,916

359

81,237

81,203

80,990

81,002

125

137

149

112

74

74

75

113

180

0

0

0

Issuance of preferred stock, net of offering costs

282

49,642

50,771

53,383

57,082

7,722

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,054

-

176,874

76,039

81,499

82,908

0

0

0

Net cash provided by (used in) financing activities

-260,534

739,120

596,995

316,685

425,529

85,396

265,367

630,287

812,743

1,197,308

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase in Cash, Cash Equivalents and Restricted Cash

83,089

51,689

8,971

10,030

-6,592

-16,476

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

33,840

33,227

76,993

17,748

-75

-5,285

-3,023

-1,844

-825

653

965

2,072

0

0

0

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

48,198

46,533

39,535

35,864

31,564

29,821

30,075

26,227

21,409

14,409

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,583

-

4,296

4,410

4,142

3,867

0

0

0

Dividends declared but not paid

7,678

8,768

11,602

13,357

14,397

11,847

9,542

9,904

10,843

7,273

7,956

7,355

4,819

4,816

3,687

3,693

3,538

3,684

3,684

3,680

3,905

3,830

0

0

0

Sale of Residential Mortgage Backed Security, that have been settled after the reporting period.

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-