For the year ending 2025-12-31, TWO-PB had $244,311K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net (loss) income | -454,300 |
| Amortization of premiums and discounts on investment securities, net | -18,260 |
| Amortization of deferred debt issuance costs on term notes payable, senior notes and convertible senior notes | 2,048 |
| (reversal of) provision for credit losses on investment securities | -121 |
| Realized and unrealized losses on investment securities | -96,299 |
| Loss on servicing asset | -242,232 |
| Realized and unrealized losses (gains) on derivative instruments | -162,316 |
| Gains on mortgage loans held-for-sale | 5,135 |
| Gain on repurchase of term notes payable and convertible senior notes | 0 |
| Equity based compensation | 13,351 |
| Originations and purchases of mortgage loans held-for-sale | 221,099 |
| Proceeds from sales of mortgage loans held-for-sale | 211,329 |
| Proceeds from repayment of mortgage loans held-for-sale | 1,375 |
| Decrease in accrued interest receivable | -4,102 |
| (increase) decrease in deferred income taxes, net | 8,286 |
| (decrease) increase in accrued interest payable | -4,080 |
| Change in other operating assets and liabilities, net | -30,626 |
| Net cash provided by operating activities | 88,917 |
| Purchases of available-for-sale securities | 9,343,554 |
| Proceeds from sales of available-for-sale securities | 9,643,404 |
| Principal payments on available-for-sale securities | 763,389 |
| Purchases of mortgage servicing rights, net of purchase price adjustments | 103,986 |
| Proceeds from sales of mortgage servicing rights | 439,077 |
| Net (payments) proceeds on derivative instruments | 259,949 |
| Payments for reverse repurchase agreements | 3,114,484 |
| Proceeds from reverse repurchase agreements | 3,313,339 |
| Acquisition of roundpoint mortgage servicing llc, net of cash acquired | 0 |
| (decrease) increase in due to counterparties, net | -425,624 |
| Net cash provided by (used in) investing activities | 911,612 |
| Proceeds from repurchase agreements | 39,781,796 |
| Principal payments on repurchase agreements | 40,331,313 |
| Proceeds from revolving credit facilities | 373,000 |
| Principal payments on revolving credit facilities | 473,800 |
| Proceeds from warehouse lines of credit | 174,825 |
| Principal payments on warehouse lines of credit | 167,451 |
| Repayment of term notes payable | 0 |
| Proceeds from issuance of senior notes | 110,588 |
| Repurchase of convertible senior notes | 0 |
| Repurchase and retirement of preferred stock | 0 |
| Proceeds from issuance of common stock, net of offering costs | 279 |
| Repurchase of common stock | 0 |
| Payment of tax withholdings on equity awards | 1,750 |
| Dividends paid on preferred stock | 51,532 |
| Dividends paid on common stock | 170,860 |
| Net cash used in financing activities | -756,218 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 244,311 |
| Cash and cash equivalents at beginning of period | 817,641 |
| Cash and cash equivalents at end of period | 1,061,952 |
TWO HARBORS INVESTMENT CORP. (TWO-PB)
TWO HARBORS INVESTMENT CORP. (TWO-PB)