Western Asset Mortgage Capital Corp WMC Cash Flow

Western asset mortgage capital corp (WMC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows from operating activities:
Net income (loss)
-339	70	40	41	32	26	65	67	86	85	25	34	31	-25	-6	-40	-59	-9	26	54	123	100	106	87	-7	-27	0	0	0
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Premium amortization and (discount accretion), net
-8	-7	-7	-7	-6	-5	-3	-0	1	2	5	4	2	0	-1	-3	-3	-5	-7	-9	-9	-10	-10	-11	-15	-21	0	0	0
Interest income earned added to principal of securities
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on convertible senior notes
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock amortization
0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	2	2	2	2	2	2	1	1	1	1	0	0	0
Premium amortization for MAC interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	0	0	0	-	-	-	-	-	-	-	-
Interest payments and basis recovered on MAC interest rate swaps
-5	-5	-6	-5	-2	-2	-1	-0	-0	-0	-0	-0	-0	-0	-0	-1	-1	-1	0	0	0	-	-	-	-	-	-	-	-
Premium on purchase of Residential Whole Loans
14	15	13	18	19	15	9	3	2	1	0	0	0	0	1	2	3	3	0	0	0	-	-	-	-	-	-	-	-
Premium on purchase of Residential Bridge Loans
-	-	-	-	-	3	3	2	1	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Premium on purchase of securitized commercial loans
0	3	3	3	3	3	3	3	3	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss, net
-239	107	223	201	95	-24	-94	-102	-35	28	-29	-19	-33	-17	3	12	-51	-34	58	29	186	189	154	196	-74	-160	0	0	0
Realized loss on sale of real estate owned ("REO")
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mark-to-market adjustments on linked transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	0	0	0	0
Unrealized (gain) loss on derivative instruments, net
-10	9	-5	-15	-0	-10	-9	-2	152	148	197	223	56	-5	-36	-121	-82	-73	-134	-93	-177	-178	-84	-114	29	84	0	0	0
Other than temporary impairment
7	8	9	9	9	11	11	16	19	22	0	0	27	-	27	27	25	19	24	21	19	17	11	10	11	11	0	0	0
Realized (gain) loss on investments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on derivatives, net
-4	-9	-4	0	1	10	13	7	-148	-156	-155	-144	8	41	41	9	8	-13	-29	-6	14	9	25	23	0	-1	0	0	0
Debt Securities, Available-for-sale, Realized Gain (Loss)
-	-	-	-	-	-	-	0	-0	-	3	3	5	-21	-5	-9	-5	8	9	17	1	-2	-49	-100	-95	-110	0	0	0
Realized loss on sale of Interest-Only Strips accounted for as derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-1	-2	-1	-1	0	0	0
Gain on linked transactions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-	-	-
Realized loss on sale of swaptions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Realized loss on forward contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Loss on foreign currency transactions, net
-	-	-	-	-	-	-	-	-	-0	0	-0	-0	-0	-0	-0	-0	2	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Decrease in interest receivable
-5	-2	-3	-0	4	8	8	7	5	-5	-12	-12	-13	-3	3	-16	-7	-4	-14	14	17	15	22	11	-0	-5	0	0	0
(Increase) decrease in other assets
1	-1	-0	-1	-0	0	-1	2	1	1	3	0	0	0	0	-0	0	0	-0	0	-0	-0	0	0	-0	0	0	0	0
(Decrease) increase in interest payable
-3	6	-0	1	0	0	5	4	5	-7	-13	-11	-15	-4	-3	-17	4	2	-2	12	6	5	17	16	3	5	0	0	0
Increase in accounts payable and accrued expenses
2	-0	0	0	-0	0	0	-0	1	-0	-0	0	1	1	0	-0	-0	-0	-0	0	1	0	0	0	-0	0	0	0	0
Increase (decrease) in payable to affiliate
-0	-2	-0	-0	-0	2	0	1	1	-0	-0	-0	-0	-0	-0	-0	0	0	-0	0	0	0	1	0	-0	-0	0	0	0
Net cash used in operating activities
-194	-52	-144	-77	-4	107	185	172	132	59	29	-4	19	11	13	83	111	133	147	134	121	107	103	122	138	179	0	0	0
Cash flows from investing activities:
Proceeds from sale of securities underlying linked transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	203	154	155	165	0	0	0
Purchase of securities
1,878	1,581	1,750	1,986	942	1,128	1,254	1,460	2,079	2,881	3,195	2,763	2,125	2,172	2,233	1,946	2,079	1,354	773	989	3,970	4,007	3,975	3,770	1,444	2,004	0	0	0
Purchase of securities underlying linked transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176	0	0	0
Proceeds from sale of securities
2,606	1,136	2,126	2,235	2,633	2,430	3,895	2,973	2,421	1,593	2,380	2,523	2,624	2,273	3,339	510	843	2,547	-1,952	1,507	2,798	2,375	3,112	3,103	2,206	3,620	0	0	0
Proceeds from sale of REO
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments and basis recovered on securities
134	126	99	111	106	123	163	167	206	240	280	321	338	344	334	350	372	397	413	404	377	332	303	286	281	305	0	0	0
Principal repayments and basis recovered on securities underlying linked transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	5	4	4	2	0	0	0
Purchase of Residential Whole Loans
428	563	703	994	1,048	873	545	176	122	87	35	64	64	28	107	208	215	225	0	0	0	-	-	-	-	-	-	-	-
Principal repayments on Residential Whole Loans
303	254	199	140	94	76	52	42	43	42	45	54	48	52	50	39	34	20	0	0	0	-	-	-	-	-	-	-	-
Purchase of commercial loans
229	350	372	336	316	235	164	70	40	0	0	0	0	-	-	-	-	8	0	0	0	-	-	-	-	-	-	-	-
Principal repayments on commercial loans
-234	-197	-76	-96	-20	-20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securitized commercial loans
209	1,109	900	900	900	1,350	1,350	1,350	1,350	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on securitized commercial loans
-380	-1,214	-1,380	-1,396	-1,350	-361	-196	-79	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Residential Bridge Loans
-	-	-	-	-	418	425	345	198	142	73	73	37	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on Residential Bridge Loans
137	211	264	320	325	274	212	122	60	31	16	8	1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of premium for option derivatives
-	-	-	-	-	1	2	12	14	16	14	4	2	17	0	0	0	-	-	-	-	-	-	-	-	4	0	0	0
Premium received from option derivatives
-	-	-	-	-	1	1	11	13	14	13	3	1	22	0	0	0	-	-	-	-	-	-	-	-	3	0	0	0
Premium for credit default swaps, net
-3	-3	-3	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net settlements of TBAs
2	1	-0	-0	-0	-0	1	1	2	4	-2	0	-1	6	15	3	1	3	13	23	45	37	25	23	0	-0	0	0	0
(Payments on) Proceeds from termination of futures, net
-8	-12	-9	-8	-2	6	8	4	1	-9	-52	-46	-44	-23	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from termination of foreign currency swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on total return swaps
-	-	-	-	-	-	-	-	-	0	0	0	0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on termination of MAC interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest payments and basis recovered on MAC interest rate swaps
5	5	6	5	2	2	1	0	0	0	0	0	0	0	0	0	1	1	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of interest rate swaptions
-	-	-	-	-	-	-	-	-	-	-	-	-	2	6	8	16	32	0	0	0	-	-	-	-	-	-	-	-
Premium for MAC interest rate swaps, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Due from counterparties
0	-	-	-	0	-	-	-	-	-8	-9	-5	-5	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments made on reverse repurchase agreements, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Premium for interest rate swaptions, net
-	-	-	-	-	-	-	-	-	0	0	0	0	0	5	10	21	40	0	0	0	-	-	-	-	32	0	0	0
Net cash provided by investing activities
1,014	-478	343	-74	992	-716	-1,571	-1,934	-2,682	-1,202	-794	-484	100	504	577	1,176	1,344	1,359	951	864	-889	-1,311	-657	-420	1,196	2,002	0	0	0
Cash flows from financing activities:
Payment of offering costs
0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Repurchase of common stock
0	0	0	0	0	1	2	2	2	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from offering to non-controlling interest, net of offering costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repurchase agreement borrowings
21,403	21,381	22,404	22,365	22,723	21,472	20,852	20,902	19,075	18,438	18,356	16,449	16,078	15,977	14,573	15,124	16,244	17,544	18,304	20,451	23,564	22,819	22,581	21,654	23,075	29,948	0	0	0
Repayments of repurchase agreement borrowings
22,766	21,375	22,949	22,631	23,364	21,905	20,719	20,437	17,843	17,342	17,543	15,958	16,156	16,407	15,060	16,219	17,491	18,863	19,206	21,196	22,768	21,523	22,008	21,495	24,307	32,163	0	0	0
Proceeds from other liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of repurchase agreement borrowings underlying linked transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	178	145	186	103	0	0	0
Repayment of cash overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	0	0	0
Proceeds from securitized debt
1,082	1,828	1,757	1,757	838	1,285	1,285	1,285	1,285	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of securitized debt
562	1,292	1,391	1,353	1,282	344	186	74	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from forward contracts
-	-	-	-	-	-	-	-	-	8	37	68	85	112	118	138	201	242	0	0	0	-	-	-	-	-	-	-	-
Repayments of forward contracts
-	-	-	-	-	-	-	-	-	8	37	68	85	112	118	138	203	243	0	0	0	-	-	-	-	-	-	-	-
Interest payments and basis recovered on MAC interest rate swaps containing an other-than-insignificant financing element
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-
Due from counterparties, net
72	56	4	-9	-58	-47	-7	-1	44	9	-13	-71	-60	-14	24	64	34	64	275	256	183	129	-105	-0	-18	-1	0	0	0
Due to counterparties, net
3	-17	1	16	21	16	-1	3	-3	0	-3	-14	-17	-9	-8	8	-52	-2	11	-10	40	-53	0	0	0	-	-	-	-
Increase in other liabilities
-37	-2	-63	28	34	55	100	58	37	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
64	62	61	57	55	53	51	51	51	51	51	51	57	69	81	95	104	109	113	114	104	94	87	81	86	93	0	0	0
Net cash (used in) provided by financing activities
-868	537	-225	246	-959	639	1,462	1,796	2,563	1,145	770	496	-93	-494	-600	-1,247	-1,459	-1,516	-1,115	-977	786	1,203	571	291	-1,333	-2,189	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-0	0	0	-0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net (decrease) increase in cash, cash equivalents and restricted cash
-47	6	-26	93	28	29	76	33	13	1	5	7	25	21	-8	11	-3	-22	-16	21	19	-1	16	-7	1	-7	0	0	0
Supplemental disclosure of operating cash flow information:
Interest paid
153	144	156	153	155	138	109	83	53	43	39	33	32	32	30	29	28	27	26	26	23	20	18	15	15	19	0	0	0
Supplemental disclosure of non-cash financing/investing activities:
Repurchase of common stock, not settled
-	-	-	-	-	-	-	-	-	-0	0	0	0	-	0	0	0	-	-	0	0	0	0	0	0	-	-	-	-
Securities recorded upon unlinking of linked transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69	0	0	0	-	-	-	-
Securities sold, not settled
0	-	-	-	0	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	0	0	-	0	0	0
Assets of deconsolidated VIE
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities of deconsolidated VIE
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage-backed securities recorded upon deconsolidation
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities purchased, not settled
-	-	-	-	-	0	152	-69	296	-17	0	0	0	-	-	-	0	-	-	-	-	-6	0	0	0	-	0	0	0
Net unsettled TBAs
0	-	-	-	0	-	-	-	0	-	-	-	-0	-0	0	-0	0	0	0	0	0	-	-	-	-	-	-	-	-
Derivative collateral offset against derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to non-controlling interest, not paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments of Residential Whole Loans, not settled
28	17	19	23	17	9	8	6	0	2	2	-3	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments of Residential Bridge Loans, not settled
-17	1	21	17	39	33	25	36	18	5	2	0	3	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets - Transfer of Bridge Loans to REO
5	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-