← ADAMAS TRUST, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $67.6m |
$92.0m
+36.16%
|
$102.9m
+11.86%
|
$173.7m
+68.86%
|
($288.5m)
-266.06%
|
$193.2m
+166.96%
|
($298.6m)
-254.56%
|
($48.7m)
+83.70%
|
($62.0m)
-27.46%
|
$149.0m
+340.29%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $54.7m |
$76.3m
+39.65%
|
$79.2m
+3.76%
|
$144.8m
+82.90%
|
($329.7m)
-327.64%
|
$144.2m
+143.73%
|
($340.6m)
-336.22%
|
($90.0m)
+73.56%
|
($103.8m)
-15.27%
|
$101.1m
+197.42%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $67.6m | $88.6m | $104.8m | $172.9m | ($288.2m) | $188.5m | ($340.6m) | ($77.8m) | ($94.0m) | $137.7m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $9k | ($3.4m) | $1.9m | ($840k) | $267k | ($4.7m) | ($42.0m) | ($29.1m) | ($31.9m) | ($11.4m) | — | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | $5.7m | $126.8m | $24.6m | $39.8m | $23.1m | $40.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | $12.3m | $14.2m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $0 | $2.4m | $0 | — | |
| Amortization Cash Flow | — | — | — | — | — | — | $26.1m | $27.5m | $20.2m | $16.6m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $26.1m | $27.5m | $20.2m | $16.6m | $19.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $153.0m | $52.1m | $60.0m | $39.7m | $40.0m | |
| Depreciation, Amortization and Accretion, Net | — | — | — | — | — | — | $126.8m | $24.6m | $37.4m | $23.1m | $40.0m | |
| Deferred Income Tax Expense (Benefit) | $137k | ($18k) | ($777k) | ($397k) | ($395k) | $2.2m | ($2.7m) | ($221k) | $915k | ($97k) | — | |
| Share-based Payment Arrangement, Noncash Expense | $514k | $1.6m | $2.6m | $5.4m | $9.9m | $10.2m | $11.9m | $8.8m | $6.1m | $8.2m | $7.8m | |
| Share-based Payment Arrangement, Expense | $1.0m | $1.8m | $1.3m | $2.2m | — | — | — | — | — | — | $7.8m | |
| Goodwill, Impairment Loss | — | — | — | — | $25.2m | $0 | $0 | — | — | — | $4.3m | |
| Asset Impairment Charge | — | — | — | — | — | — | $2.4m | $89.5m | $48.9m | $9.8m | $4.3m | |
| Income (Loss) from Equity Method Investments | $22.2m | $27.2m | $37.9m | $47.8m | $26.7m | $33.9m | $15.1m | $17.8m | $16.0m | ($3.2m) | — | |
| Other Nonoperating Income (Expense) | $19.1m | $13.6m | $16.6m | — | — | — | — | $4.7m | $29.1m | $16.5m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($30.2m) | ($28.8m) | ($26.8m) | ($5.4m) | ($2.3m) | |
| Change In Working Capital | — | — | — | — | — | — | ($14.8m) | ($16.7m) | ($15.0m) | $12.2m | ($13.2m) | |
| Other Operating Income (Expense), Net | $41.2m | $75.0m | $66.5m | $94.4m | ($359.8m) | $171.7m | ($120.5m) | ($39.4m) | ($42.2m) | $123.9m | — | |
| Net Cash Provided by (Used in) Operating Activities | $53.8m |
$29.3m
-45.52%
|
$24.2m
-17.57%
|
$35.1m
+45.18%
|
$110.8m
+215.53%
|
$138.9m
+25.42%
|
$91.8m
-33.93%
|
$30.0m
-67.37%
|
$14.1m
-53.02%
|
$134.0m
+852.60%
|
$158.2m
+18.01%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $296k | $457k | $128k | $206k | $46.1m | $209.4m | $50.4m | $24.6m | $8.2m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($12.3m) | $21.8m | ($61.5m) | $11.2m | $18.3m | ($12.6m) | $21k | ($25.6m) | — | |
| Payments to Acquire Investments | — | — | — | $277.3m | — | — | — | — | — | — | ($3.3b) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | $189.7m | $144.0m | $24.7m | $56.5m | $296.6m | $696.5m | — | |
| Unrealized Gain (Loss) on Investments | $3.0m | $18.9m | $37.6m | — | ($160.2m) | $95.6m | ($321.1m) | $97.2m | ($90.5m) | $217.4m | ($185.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $28.5m | $0 | $0 | — | — | — | — | $0 | $0 | $16.7m | ($16.7m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $100.6m | $221.9m | $155.1m | $200.5m | $350.2m | |
| Net Cash Provided by (Used in) Investing Activities | $33.7m | ($430.7m) | ($642.5m) | ($769.1m) | $2.1b | ($133.0m) | ($508.8m) | ($1.2b) | ($2.2b) | ($2.9b) | ($2.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | ($2.9m) | $0 | ($1.6m) | $2.2m | ($796k) | ($2.9m) | ($884k) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $973.2m | $0 | $1.4b | $1.1b | $1.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $973.2m | $0 | $1.4b | $1.1b | $1.6b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($441.8m) | ($400.1m) | ($584.4m) | ($847.6m) | ($1.5b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $531.4m | ($400.1m) | $825.7m | $293.7m | $131.8m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $531.4m | ($400.1m) | $825.7m | $293.7m | $131.8m | |
| Repayment Of Debt | — | — | — | — | — | — | ($441.8m) | ($400.1m) | ($584.4m) | ($847.6m) | ($1.5b) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $44.4m | $8.6m | $3.5m | $1.5m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $93.9m | $97.9m | $163.4m | $105.5m | $151.6m | $151.8m | $128.8m | $74.9m | $75.5m | ($128.9m) | |
| Proceeds from Issuance of Common Stock | $0 | $130.5m | $0 | $804.4m | $511.9m | $0 | $0 | $0 | $0 | $5.0m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($151.8m) | ($128.8m) | ($74.9m) | ($75.5m) | ($81.1m) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($44.4m) | ($8.6m) | ($3.5m) | ($1.5m) | ($5.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $0 | $5.0m | $1.1m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($44.4m) | ($8.6m) | ($3.5m) | ($1.5m) | ($5.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($44.4m) | ($11.1m) | ($3.5m) | ($1.5m) | ($5.0m) | |
| Dividends Payable | — | — | — | — | — | — | $50.0m | $32.2m | $30.3m | $35.3m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($193.2m) | ($170.7m) | ($116.7m) | ($122.0m) | ($128.9m) | |
| Dividend Received CFO | — | — | — | — | — | — | $49.8m | $26.1m | $24.2m | $25.4m | $19.3m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($41.4m) | ($41.9m) | ($41.8m) | ($46.5m) | ($47.8m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($12.8m) | ($8.9m) | ($12.5m) | ($3.1m) | ($28.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($65.9m) |
$377.3m
+672.40%
|
$621.2m
+64.67%
|
$746.4m
+20.15%
|
($2.0b)
-374.07%
|
$27.5m
+101.34%
|
$460.1m
+1573.65%
|
$1.1b
+147.72%
|
$2.2b
+95.56%
|
$2.8b
+24.57%
|
$2.0b
-28.17%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $56.8m | ($24.1m) | $3.0m | $12.5m | $182.9m | $33.4m | $43.1m | ($50.3m) | ($1.6m) | $13.4m | $309.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $337.9m | $380.9m | $330.6m | $329.0m | $267.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $56.8m | $115.5m | $109.1m | $121.6m | $304.5m | $337.9m | $380.9m | $330.6m | $329.0m | $342.4m | $309.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $301.0m | $333.9m | $417.0m | $622.7m | $292.1m | $71.9m | $161.3m | $249.9m | $344.7m | $448.3m | — | |
| Income Taxes Paid, Net | $4.1m | $4.0m | $1.7m | $21k | $1.5m | $296k | $2.7m | $225k | ($32k) | $218k | — | |
| Additional Financial Items | ||||||||||||
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | $5.1m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Deconsolidation, Gain (Loss), Amount | $0 | $0 | — | — | ($54.1m) | $0 | $0 | — | $6.1m | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | $0 | $0 | $16.2m | $14.6m | $0 | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | ($26.4m) | $96.0m | ($58.3m) | — | |
| Gain (Loss) on Sale of Mortgage Loans | $14.9m | $26.0m | ($623k) | — | — | $1.6m | $0 | ($800k) | ($1.0m) | $3.3m | — | |
| Gain (Loss) on Sale of Properties | — | — | $2.3m | $1.6m | $0 | ($157k) | $17.1m | $4.8m | $27.8m | $8.9m | — | |
| Gain (Loss) on Sales of Loans, Net | — | — | — | — | — | — | — | — | — | $14.4m | — | |
| General and Administrative Expense | $15.2m | $18.4m | $22.9m | $35.1m | $42.2m | $48.9m | $52.4m | $49.6m | $48.7m | $72.7m | — | |
| Goodwill | $25.2m | $25.2m | $25.2m | $25.2m | $0 | — | — | — | — | $22.4m | $4.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $67.6m | $88.6m | $104.8m | $172.9m | ($288.2m) | $188.5m | ($340.6m) | ($77.8m) | ($94.0m) | $137.7m | — | |
| Income Tax Expense (Benefit) | $3.1m | $3.4m | ($1.1m) | ($419k) | $981k | $2.5m | $542k | $75k | $1.0m | $145k | — | |
| Operating Expenses | — | — | $41.5m | $49.8m | $54.6m | $104.4m | $348.6m | $73.5m | $91.7m | $122.9m | — | |
| Operating Lease, Expense | — | — | — | $1.2m | $1.6m | $1.7m | $1.7m | $1.7m | $1.5m | $1.7m | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | — | — | — | ($10.8m) | ($8.4m) | ($11.9m) | ($2.6m) | — | |
| Provision for Loan, Lease, and Other Losses | $612k | $475k | $166k | $25k | — | — | — | — | $3.2m | — | ($33.5m) | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $0 | — | — | — | — | — | |
| Realized Investment Gains (Losses) | ($3.6m) | $3.9m | ($11.8m) | $32.6m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | $7.1m | $2.0m | $11.1m | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $460.1m | $1.1b | $2.2b | $2.8b | $2.0b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($508.8m) | ($1.2b) | ($2.2b) | ($2.9b) | ($2.1b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $43.1m | ($50.3m) | ($1.6m) | $13.4m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($14.8m) | ($16.7m) | ($15.0m) | $12.2m | ($13.2m) | |
| Changes In Cash | — | — | — | — | — | — | $43.1m | ($50.3m) | ($1.6m) | $13.4m | $42.1m | |
| End Cash Position | — | — | — | — | — | — | $380.9m | $330.6m | $329.0m | $342.4m | $309.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $460.1m |
$1.1b
+147.72%
|
$2.2b
+95.56%
|
$2.8b
+24.57%
|
$2.0b
-28.17%
|
|
| Free Cash Flow | — | — | — | — | — | — | $91.8m | $30.0m | $4.6m | $134.0m | $158.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($18.3m) | $14.3m | $1.2m | $34.8m | $30.1m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($13.9m) | $24.4m | $17.9m | $2.0m | ($2.1m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | — | $0 | ($616k) | $3.5m | $3.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($508.8m) | ($1.2b) | ($2.2b) | ($2.9b) | ($2.1b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $6.9m | $102k | $0 | ($16.7m) | $1.2m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($9.5m) | $0 | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($209.4m) | ($50.4m) | ($24.6m) | ($8.2m) | ($4.7m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($29.4m) | ($1.9b) | ($1.8b) | ($2.9b) | ($1.7b) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | ($2.4m) | $0 | $5.0m | $1.1m | |
| Operating Gains Losses | — | — | — | — | — | — | ($117.3m) | $22.0m | ($75.7m) | $85.8m | $95.3m | |
| Other Non Cash Items | — | — | — | — | — | — | $347.4m | ($74.1m) | ($31.1m) | $12.6m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | ($2.4m) | $0 | $0 | $0 | |
| Purchase Of Business | — | — | — | — | — | — | — | $0 | $0 | ($16.7m) | ($16.7m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | $0 | ($9.5m) | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($230.5m) | ($2.1b) | ($2.2b) | ($4.4b) | ($3.3b) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($209.4m) | ($50.4m) | ($24.6m) | ($8.2m) | ($3.3b) | |
| Sale Of Business | — | — | — | — | — | — | $6.9m | $102k | $0 | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $201.1m | $228.1m | $434.5m | $1.5b | $1.6b | |
| Stock Based Compensation | — | — | — | — | — | — | $11.9m | $8.8m | $6.1m | $8.2m | $7.8m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $25.3m | ($37.4m) | $90.6m | ($182.9m) | ($185.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.