Mfa financial, inc. (MFA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash Flows From Operating Activities:
Net income

378

301

322

312

313

313

302

306

316

269

268

45

Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of residential mortgage securities and U.S. Treasury securities

62

61

39

35

34

37

25

9

6

33

22

0

Gains (Losses) on Sales of Other Real Estate

7

7

4

3

0

0

-

-

-

-

-

-

Gain on liquidation of residential whole loans

19

22

11

0

0

-

-

-

-

-

-

-

Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings

0

1

1

0

0

0

0

1

10

12

17

5

Losses on termination of repurchase agreements

-

-

-

-

-

-

-

-

-

26

-

-

Losses on sale of MBS

-

-

-

-

-

-

-

-

-

-

-

25

Accretion of purchase discounts on residential mortgage securities, residential whole loans and MSR-related assets

70

82

86

84

95

89

73

38

42

35

17

-

Losses on termination of Swaps

-

-

-

-

-

-

-

-

-

-

-

-92

Amortization of purchase premiums on residential mortgage securities and residential whole loans

45

29

30

36

41

32

58

52

38

40

-

-

Depreciation and amortization on real estate, fixed assets and other assets

3

1

1

0

0

1

5

3

2

0

0

0

Gain on sale of real estate

-

-

-

-

-

-

-

-

0

-

-

-

Equity-based compensation expense

9

8

8

9

7

8

4

6

4

3

1

1

Unrealized gains on residential whole loans at fair value

47

36

33

31

6

-0

0

0

-

-

-

-

Unrealized losses/(gains) on residential mortgage securities and interest rate swap agreements (“Swaps”) and other

-2

-43

27

7

-

-

-

-

-

-

-

-

Unrealized gains on derivative instruments

-

-

-

-

-

-

1

9

-14

-

-

-

Unrealized gains and other on Linked Transactions

-

-

-

-

-

-

-

-

-

34

5

-

Amortization of purchase premiums on MBS

-

-

-

-

-

-

-

-

-

-

-24

-18

Decrease in interest receivable

-

-

-

-

-

-

-8

1

4

-3

-7

6

(Increase)/decrease in other assets

34

26

-21

11

5

9

5

12

-0

0

0

-0

Realized loss on TBA short positions

-

-

-

-

-

-

-7

0

0

-

-

-

Increase/(decrease) in other liabilities

18

0

-5

-6

56

36

3

3

-0

-2

5

0

Increase in accrued interest payable on financial instruments

-

-

-

-

-

-

13

6

1

-5

-10

3

Negative amortization and principal accretion on MBS

-

-

-

-

-

-

-

-

-

-

-0

-0

Net cash provided by operating activities

215

147

176

179

278

255

298

310

334

245

269

186

Cash Flows From Investing Activities:
Principal payments on residential mortgage securities and MSR-related assets

2,098

2,327

3,996

3,339

2,916

1,939

2,770

2,671

2,291

3,090

1,933

1,380

Proceeds from sales of residential mortgage securities and U.S. Treasury securities

908

538

243

85

70

123

574

268

150

939

650

1,851

Purchases of residential mortgage securities, MSR-related assets and U.S. Treasury securities

1,008

2,604

1,583

1,997

1,810

1,261

1,744

3,589

4,834

3,114

808

5,202

Purchases of residential whole loans, loan related investments and capitalized advances

4,598

3,058

1,065

677

617

356

0

0

-

-

-

-

Principal payments on residential whole loans

1,378

531

160

103

51

6

0

0

-

-

-

-

Proceeds from sales of real estate owned

108

121

75

34

4

0

-

-

11

-

-

-

Purchases of real estate owned and capital improvements

20

13

19

2

0

-

-

-

-

-

-

-

Redemption of Federal Home Loan Bank stock

0

0

10

51

0

0

-

-

-

-

-

-

Additions to leasehold improvements, furniture and fixtures

1

1

0

0

1

0

0

0

2

0

0

0

Purchases of Federal Home Loan Bank stock

-

-

-

1

60

0

0

-

-

-

-

-

Net cash (used in)/provided by investing activities

-1,134

-2,157

1,816

934

554

451

1,600

-650

-2,383

915

1,774

-1,970

Cash Flows From Financing Activities:
Principal payments on repurchase agreements

67,463

67,063

72,563

82,408

92,012

75,939

69,851

63,237

54,050

50,150

61,374

63,987

Proceeds from borrowings under repurchase agreements

68,724

68,327

70,490

81,706

-

-

-

-

-

-

-

-

Proceeds from borrowings under repurchase agreements and other advances

68,724

68,327

70,490

81,706

91,614

75,868

69,438

64,176

55,824

48,867

59,531

65,500

Payments made on obligation to return securities obtained as collateral

-

-

-

-

-

-

246

0

0

-

-

-

Maturity of obligation to return securities obtained as collateral

-

-

-

-

-

-

275

0

0

-

-

-

Payments to terminate repurchase agreements

-

-

-

-

-

-

-

-

-

26

-

-

Proceeds from issuance of Senior Notes

-

-

-

-

-

-

-

100

0

-

-

-

Payments made for Senior Notes related costs

-

-

-

-

-

-

-

3

0

-

-

-

Cash disbursements on financial instruments underlying Linked Transactions

-

-

-

-

-

6,750

419

585

2,327

1,824

353

-

Cash received from financial instruments underlying Linked Transactions

-

-

-

-

-

6,336

405

462

1,710

1,697

272

-

Proceeds from issuance of securitized debt

0

419

382

0

0

-

129

186

963

246

-

-

Principal payments on securitized debt

114

97

16

22

88

254

409

415

308

25

-

-

Principal payments on securitized debt

0

2

2

-

-

-

-

-

-

-

-

-

Proceeds from Convertible Debt

223

0

0

-

-

-

-

-

-

-

-

-

Payments made for securitization related costs

-

-

-

0

0

-

-

1

6

3

-

-

Payments made for securitization related costs

40

61

11

0

267

208

69

2

19

435

161

263

Payments made for settlements on Swaps

0

65

0

0

215

132

22

12

42

461

159

202

Payment made to purchase interest rate swaption (Swaption)

-

-

-

-

-

-

-

-

0

-

-

91

Settlement of TBA short positions

-

-

-

-

-

-

7

0

0

-

-

-

Proceeds from settlements on Swaps

12

392

197

4

1

35

77

13

607

0

403

689

Payments made for redemption of Series A Preferred Stock

-

-

-

-

-

-

96

0

0

-

-

-

Proceeds from issuance of Series B Preferred Stock

-

-

-

-

-

-

200

0

0

-

-

-

Proceeds from issuances of common stock

0

0

0

0

-

-

6

0

0

-

-

-

Payments made to repurchase common stock

-

-

-

-

-

-

16

9

0

-

-

-

Dividends paid on preferred stock

15

15

15

15

15

15

13

8

8

8

8

8

Dividends paid on common stock and dividend equivalents

361

329

308

297

297

294

594

341

329

260

221

130

Principal amortization and prepayment on mortgage loan

-

-

-

-

-

-

-

-

-

9

0

0

Net cash provided by/(used in) financing activities

964

1,634

-1,847

-1,031

-849

-1,089

-1,734

347

2,097

-1,469

-1,752

1,910

Net cash provided by/(used in) financing activities

45

-375

145

82

-17

-382

164

7

48

-308

292

126

Supplemental Disclosure of Cash Flow Information
Supplemental Disclosure of Cash Flow Information

330

232

198

194

172

160

162

161

148

150

241

339

Non-cash Investing and Financing Activities:
MBS and CRT securities recorded upon adoption of revised accounting standard for repurchase agreement financing

-

-

-

-

1,917

0

0

-

-

-

-

-

Repurchase agreements recorded upon adoption of revised accounting standard for repurchase agreement financing

-

-

-

-

1,519

0

0

-

-

-

-

-

MBS recorded upon de-linking of Linked Transactions

-

-

-

-

-

86

0

175

773

146

-

-

Repurchase agreements recorded upon de-linking of Linked Transactions

-

-

-

-

-

49

0

0

46

79

-

-

Net (decrease)/increase in securities obtained as collateral/obligation to return securities obtained as collateral

0

-505

134

5

32

135

401

202

306

-

-

-

Real Estate Owned, Transfer to Real Estate Owned

257

215

136

91

30

2

0

0

-

-

-

-

Dividends and dividend equivalents declared and unpaid

0

211

0

0

-

-

-

-

-

-

-

-