Redwood trust, inc. (RWT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash Flows From Operating Activities:
Net Income (Loss) Attributable to Parent

169

119

140

131

102

100

173

131

26

110

39

-444

Adjustments to reconcile net income to net cash used in operating activities:
Amortization of premiums, discounts, and securities issuance costs, net

5

13

18

26

34

34

26

12

31

35

5

5

Depreciation and amortization of non-financial assets

10

1

1

1

0

0

0

1

1

0

1

1

Originations of held-for-sale loans

569

0

0

-

-

-

-

-

-

-

-

-

Purchases of held-for-sale loans

5,823

7,162

5,705

4,953

11,045

9,917

7,766

2,335

-

-

-

-

Proceeds from sales of held-for-sale loans

5,198

5,383

3,903

4,192

9,761

8,126

7,405

1,696

-

-

-

-

Principal payments on held-for-sale loans

106

66

52

80

80

30

19

9

-

-

-

-

Net settlements of derivatives

-66

51

-9

-7

-59

-33

45

-22

-

-

-

-

Reversal of provision for loan losses

-

-

-

-7

-0

0

4

3

16

24

49

55

Non-cash equity award compensation expense

14

13

10

12

11

11

13

9

9

11

6

12

Market valuation adjustments

97

24

51

-12

-51

-0

97

14

-40

-19

-87

-492

Realized gains, net

23

27

13

28

36

15

36

75

10

63

63

8

Net change in:
Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-14

-26

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

1

-5

Accrued interest receivable and other assets

83

41

17

-42

88

57

-12

-8

42

-8

-40

-14

Accrued interest payable and accrued expenses and other liabilities

4

21

-4

3

5

-2

31

36

9

-45

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-10

-13

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

51

9

Net cash used in operating activities

-1,165

-1,611

-1,713

-545

-1,250

-1,791

-221

-563

17

29

210

145

Cash Flows From Investing Activities:
Originations of loans held-for-investment

448

0

0

-

-

-

-

-

-

-

-

-

Purchases of loans held-for-investment

49

147

0

0

22

87

65

156

960

525

-

-

Proceeds from sales of loans held-for-investment

9

0

0

235

6

0

0

357

2

-

-

-

Principal payments on loans held-for-investment

1,751

781

523

798

500

364

523

573

409

373

393

1,161

Purchases of real estate securities

345

609

600

318

179

168

488

358

128

278

-

-

Proceeds from sales of real estate securities

707

582

228

497

439

504

220

201

86

257

-

-

Principal payments on real estate securities

84

84

77

80

138

174

163

218

166

217

-

-

Purchases of servicer advance investments

69

395

0

0

-

-

-

-

-

-

-

-

Principal repayments from servicer advance investments

203

94

0

0

-

-

-

-

-

-

-

-

Sales of mortgage servicing rights, net

-

-

-

43

17

0

0

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

743

313

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

196

13

Principal payments on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

138

73

Purchases of trading securities

-

-

-

-

-

-

-

-

-

-

9

-

Proceeds from sales of trading securities

-

-

-

-

-

-

-

-

-

-

4

7

Principal payments on trading securities

-

-

-

-

-

-

-

-

-

-

89

164

Purchases of excess MSRs

-

-

-

0

32

46

3

-

-

-

-

-

Acquisition of 5 Arches, net of cash acquired

3

9

0

-

-

-

-

-

-

-

-

-

Acquisition of CoreVest, net of cash acquired

451

0

0

-

-

-

-

-

-

-

-

-

Net investment in participation in loan warehouse facility

-38

38

0

0

-

-

-

-

-

-

-

-

Net investment in multifamily loan fund

40

0

0

-

-

-

-

-

-

-

-

-

Other investing activities, net

67

19

-51

0

-

-

-

-

-

-

-

-

Purchases of real estate securities trading

-

-

-

-

-

-

-

-

-

-

-

3

Principal payments on other investments

-

-

-

-

-

-

-

-

-

-

33

0

Net change in restricted cash

-

-

-

-

4

0

0

-0

-9

-69

40

-64

Net cash provided by investing activities

1,025

-12

280

1,336

863

740

351

836

-415

115

60

1,170

Cash Flows From Financing Activities:
Proceeds from borrowings on short-term debt

6,452

6,975

4,895

3,918

8,570

8,320

6,661

1,458

697

68

-

-7

Repayments of Short-term Debt

7,193

6,711

4,036

4,981

8,534

7,442

6,350

1,334

313

24

-

-

Proceeds from issuance of asset-backed securities

1,397

1,658

567

0

0

-

0

174

887

211

-

-

Repayments on asset-backed securities issued

1,123

459

205

261

388

396

584

683

492

455

520

1,405

Proceeds from issuance of long-term debt

387

199

245

771

1,400

770

336

-

-

-

-

-

Deferred debt issuance costs

7

4

7

0

0

6

9

4

4

1

-

-

Repayments on long-term debt

1

0

0

118

527

0

0

-

-

0

3

-

Net settlements of derivatives

-

-

-

0

0

3

0

23

39

45

59

13

Net proceeds from issuance of common stock

450

142

0

0

7

9

8

39

9

3

519

34

Net payments on repurchase of common stock

0

16

8

28

85

0

0

-

6

-

0

6

Taxes paid on equity award distributions

5

4

4

7

8

7

5

2

3

-

-

-

Dividends paid

129

96

88

88

94

95

94

82

100

79

81

102

Other financing activities, net

-2

-0

-0

-

-

-

-

-

-

-8

-

-

Change in noncontrolling interests

-

-

-

-

-

-

-

-

-15

-8

-7

22

Net cash (used in) provided by financing activities

225

1,682

1,358

-795

337

1,147

-37

-459

617

-341

-154

-1,478

Net increase in cash, cash equivalents and restricted cash

85

58

-74

-4

-49

96

92

-186

220

-195

116

-163

Supplemental Cash Flow Information:
Cash paid during the period for:
Interest

452

207

103

87

86

81

85

114

106

69

142

430

Taxes

7

10

2

1

0

1

3

0

0

0

0

2

Supplemental Noncash Information:
Servicing Asset at Fair Value, Additions

0

0

7

10

64

48

44

7

-

-

-

-

Consolidation of residential loans held in securitization trust

-

-

-

0

-

-

-

-

-

-

-

-

Consolidation of residential ABS

-

-

-

0

-

-

-

-

-

-

-

-

Consolidation of multifamily loans held in securitization trusts

-

-

-

0

-

-

-

-

-

-

-

-

Consolidation of multifamily ABS

-

-

-

0

-

-

-

-

-

-

-

-

Consolidation of single-family rental loans held in securitization trusts

1,829

0

0

-

-

-

-

-

-

-

-

-

Consolidation of single-family rental ABS issued

1,656

0

0

-

-

-

-

-

-

-

-

-

Transfers from loans held-for-sale to loans held-for-investment

1,801

2,062

1,245

1,063

1,555

633

0

-

-

-

-

-

Transfers from loans held-for-investment to loans held-for-sale

22

15

98

359

154

0

0

-

393

-

-

-

Transfers from residential loans to real estate owned

8

4

4

11

8

6

4

8

11

20

28

37

Right-of-use asset obtained in exchange for operating lease liability

13

0

0

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

-

19

25

Residential loans
Purchases of multifamily securities held in consolidated securitization trusts

193

227

0

0

-

-

-

-

-

-

-

-

Consolidation of multifamily loans held in securitization trusts

1,190

1,206

0

-

-

-

-

-

-

-

-

-

Consolidation of multifamily ABS

997

978

0

-

-

-

-

-

-

-

-

-

Multifamily Loans [Member]
Purchases of multifamily securities held in consolidated securitization trusts

99

107

0

0

-

-

-

-

-

-

-

-

Consolidation of multifamily loans held in securitization trusts

2,162

2,099

0

-

-

-

-

-

-

-

-

-

Consolidation of multifamily ABS

2,058

1,975

0

-

-

-

-

-

-

-

-

-