Dynex capital, inc. (DX)
CashFlow / Quarterly
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net loss (income)

-98,479

-

-

-

-52,214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,594

10,280

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

25,586

15,652

44,307

-

10,312

-7,432

9,051

69,061

14,700

-3,231

-37,431

32,531

-36,977

30,462

-9,472

3,673

30,866

-5,999

-734

21,559

-4,626

31,533

19,603

19,553

19,166

18,847

16,476

-

-

-

-

Adjustments to reconcile net loss to cash provided by operating activities:
Decrease (increase) in accrued interest receivable

-3,105

2,115

-1,198

-783

5,056

1,444

249

-3,587

3,094

552

-28

-3,554

2,453

895

-118

-2,532

-613

1,848

-399

-1,541

1,699

171

-1,491

-910

1,684

-464

-2,137

-170

1,401

1,081

4,374

8,270

-3,261

256

973

1,817

3,458

(Decrease) increase in accrued interest payable

-5,979

8,399

-8,721

2,968

2,631

4,632

207

346

1,389

1,014

1,197

-1,105

-528

993

449

-529

500

205

-529

-193

313

456

-278

-1,076

298

115

772

-1,212

-22

514

390

294

-468

925

-197

126

232

Loss on derivative instruments, net

-195,567

42,992

-50,708

-117,536

-61,697

-81,981

19,499

20,667

38,354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investments, net

84,783

0

4,605

-10,360

0

-5,428

-1,726

-12,444

-3,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

261

22

110

0

60

121

300

200

250

(Gain) loss on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-15,802

175

-

2,408

-16,297

-48,264

17,854

-52,749

17,090

-25,323

-21,739

4,842

-23,074

-13,422

2,607

-24,019

11,353

-17

-

-

-

-

-

-

-

-

Loss on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-5,211

-3,709

-1,708

-

0

-297

-3,941

-

-

-

-

-

-

-

-

-

-

-

-

-

3,480

3,289

-351

-

-

-

-

Fair value adjustments, net

-372

-14

-13

-16

-13

-16

12

27

29

12

23

30

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

-1,491

1,308

-

9,057

-477

-3,307

757

-825

2,031

1,391

-

-

-

-

-

-

-

-

Gain on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

581

742

0

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

24

-

16

20

39

46

43

87

32

-62

150

-600

-140

-43

871

-303

210

-

-

-

-

Amortization of investment premiums, net

33,118

35,363

35,088

32,156

31,083

32,535

36,365

38,367

35,769

35,085

41,433

41,326

39,862

38,311

38,821

36,050

37,547

37,910

39,661

38,097

36,640

33,544

37,643

34,682

31,968

-

-

-

-

-

-

-

-

-

-

-

-

Other amortization and depreciation, net

499

498

479

485

222

295

312

313

312

304

301

357

325

316

336

373

477

1,195

1,296

1,326

1,521

1,893

1,952

2,194

2,861

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-662

131

-126

Amortization and depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,634

32,117

-

25,987

19,755

13,257

10,193

10,885

7,042

4,385

Stock-based compensation expense

307

306

306

295

298

301

301

294

335

387

388

641

538

643

623

614

829

745

745

782

693

674

690

683

672

552

656

625

481

418

374

467

453

291

139

258

95

Cash paid for stock appreciation rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

0

-

-

-

-

Change in other assets and liabilities, net

-254

1,406

648

983

-1,625

3,222

-848

-770

2,514

-1,947

-215

910

1,210

-1,013

1,179

-231

1,112

-634

3,082

-1,032

1,014

-4,014

4,306

-773

175

2,721

3,125

-3,618

4,400

-3,281

208

4,192

-2,053

-3,102

4,404

-798

-2,042

Net cash and cash equivalents provided by operating activities

43,981

53,202

37,214

44,631

40,299

42,000

45,585

51,079

41,896

48,359

53,069

55,912

47,108

52,878

51,425

52,607

53,604

54,432

54,133

57,428

50,958

54,826

54,116

55,631

49,903

50,756

56,015

56,584

45,405

52,239

38,022

34,804

24,323

17,039

20,322

19,328

13,952

Investing activities:
Purchase of investments

155,594

157,963

732,636

1,081,612

1,019,100

708,787

512,781

246,356

321,348

545,369

489,647

141,507

141,436

338,230

91,846

0

4,970

56,509

66,391

613,410

386,660

142,373

158,309

171,147

127,552

93,978

14,288

872,418

438,376

185,058

937,310

635,687

881,854

166,225

195,907

474,902

769,785

Principal payments received on investments

140,032

189,916

152,504

121,244

73,817

51,536

41,910

43,480

51,972

58,835

64,662

88,090

95,546

110,848

150,282

95,017

92,420

110,212

147,465

134,565

102,033

113,839

151,201

124,587

128,676

170,659

261,479

265,321

215,751

-

-

-

-

-

-

-

-

Proceeds from sales of investments

487,464

0

600,514

432,552

0

90,164

116,927

371,360

154,613

280,109

393,501

342,310

57,173

5,251

0

16,503

77,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments received on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189,738

152,411

117,231

-

137,635

122,648

84,366

(Increase) decrease in principal receivable on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,782

-1,652

4,418

-

-4,097

3,499

7,164

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106,094

130,315

102,923

127,640

280,346

36,133

59,799

30,128

163,046

133,758

31,158

45,660

79,279

56,637

49,569

59,891

89,446

35,351

0

Principal payments received on mortgage loans held for investment

615

426

478

553

646

835

1,274

1,452

649

745

765

889

987

1,244

1,390

1,420

899

3,329

2,416

2,841

6,984

2,637

11,261

1,284

1,605

5,053

2,280

2,758

5,737

6,792

17,630

2,663

13,745

4,901

11,238

12,352

9,065

Payment to acquire interest in limited partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,000

4,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Limited Partnership Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

98

10,737

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments on derivatives, including terminations

187,822

-44,081

54,978

111,641

62,382

86,753

-26,568

-17,779

-36,271

-10,243

-4,338

14,168

-21,573

36,105

-1,609

20,100

5,992

2,427

26,534

4,563

6,405

2,329

3,135

3,409

2,542

15,453

23,208

262

174

-

-

-

-

-

-

-

-

Other investing activities

0

-62

-1,165

1,246

102

30

4

1

67

-8

2

66

146

-68

50

17

38

103

-1

60

75

-1

3

0

5

-489

-5,260

-969

827

-108

1,294

1,173

534

-342

-281

198

6

Net cash and cash equivalents provided by (used in) investing activities

284,695

76,522

-32,953

-640,150

-1,007,121

-653,035

-326,106

187,714

-77,910

-195,429

-26,383

275,548

33,697

-256,924

61,385

92,921

170,586

165,091

163,051

-350,312

-187,200

95,415

281,361

-12,552

59,981

96,898

394,569

-469,874

-186,731

94,305

-655,397

-432,675

-697,425

29,227

46,790

-308,248

-683,524

Financing activities:
Borrowings under repurchase agreements

16,555,552

9,397,443

32,480,274

28,018,775

32,608,826

28,345,884

22,312,867

27,068,750

27,508,732

24,647,116

21,222,300

17,258,393

21,748,733

21,301,396

7,898,591

5,991,563

5,403,089

6,225,137

7,610,083

5,500,693

4,219,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of repurchase agreement borrowings

16,899,794

9,517,964

32,422,857

27,456,216

31,623,917

27,768,758

22,136,993

27,167,658

27,460,742

24,600,444

21,243,829

17,543,579

21,821,740

21,143,723

8,020,792

6,113,102

5,527,490

6,425,786

7,811,054

5,175,496

4,046,361

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under (repayments of) repurchase agreements and FHLB advances, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-296,831

-38,598

-95,314

-

-396,647

363,033

144,023

-107,773

559,812

425,726

592,405

40,107

-79,563

284,366

614,700

Principal payments on non-recourse collateralized financing

-569

-221

-131

-144

-242

-256

-694

-910

-234

-191

-190

-187

-370

-596

-504

-634

-305

-146

-214

-1,432

-603

-414

-895

-331

-527

-8,338

-3,562

-3,916

-2,024

-853

-318

-674

-38,781

-13,202

-494

-462

-1,138

Increase in Restricted Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,674

-

20,299

-9,087

24,704

-

2,008

12,505

4,857

-2,503

15,849

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock

107,988

0

6,736

8,173

5,015

309

796

0

494

5,466

7,672

10,708

7,504

548

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

0

0

138

9,879

53,872

22,577

13,367

5,620

294

32,687

14,356

12

127

35

25

21

56

37

70

29

30

108

37

-7

114

61

-37

2,260

5,152

36

24

75

123,733

21

19

36

95,206

Payments for Repurchase of Redeemable Preferred Stock

100,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for stock issuance costs

0

0

0

0

185

0

10

0

0

0

9

16

36

201

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

206

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

310

10,120

24,363

6,557

131

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to tax withholding for stock-based compensation

235

0

0

0

296

0

0

0

364

0

0

0

521

0

0

0

485

1

-1

12

545

0

2

0

505

0

0

0

545

0

0

0

0

-

-

-

-

Dividends paid

15,027

13,687

15,802

16,261

22,292

13,602

13,185

13,021

12,982

12,053

11,537

11,316

12,626

12,615

12,615

12,604

14,066

14,334

15,235

15,469

15,978

15,978

15,976

15,969

16,957

16,989

18,259

17,124

16,960

16,772

15,765

15,217

11,307

10,903

10,893

10,885

8,192

Net cash and cash equivalents (used in) provided by financing activities

-352,291

-134,429

23,324

564,206

1,020,781

586,154

176,148

-107,219

35,198

72,581

-11,237

-285,985

-78,929

144,844

-102,806

-131,571

-175,185

-189,297

-261,011

310,843

130,802

-162,936

-315,675

-67,410

-118,046

-117,932

-440,319

398,504

129,646

-125,458

598,335

409,910

666,050

-7,646

-90,931

273,055

700,576

Net (decrease) increase in cash, cash equivalents, and restricted cash

-23,615

-4,705

27,585

-31,313

53,959

-24,881

-104,373

131,574

-816

-74,489

15,449

45,475

1,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,957

49,005

-

-43,827

17,959

-5,440

-12,695

19,802

-24,331

-8,162

29,722

10,265

-14,786

-11,680

21,086

-19,040

12,039

-7,052

38,620

-23,819

-15,865

31,004

Supplemental Disclosure of Cash Activity:
Cash paid for interest

28,074

-

-

-

23,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

13,863

10,251

-

8,737

9,888

8,141

5,848

5,709

6,695

5,781

4,894

5,524

4,853

3,989

3,742

4,842

5,926

4,935

11,452

0

11,684

10,381

9,751

8,970

7,826

7,488

5,699

6,530

5,576

4,305