← AGNC Investment Corp.

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:
Unrealized (gain) loss on investment securities measured at fair value through net income, net $6.0m $71.0m $297.0m ($2.0b) ($319.0m) $1.5b $3.8b ($1.7b) $885.0m ($2.7b) ($301.0m)
Net Income (Loss) Attributable to Parent $623.0m
$771.0m +23.76%
$129.0m -83.27%
$688.0m +433.33%
($266.0m) -138.66%
$749.0m +381.58%
($1.2b) -258.88%
$155.0m +113.03%
$863.0m +456.77%
$1.7b +93.51%
—
Net Income (Loss) Available to Common Stockholders, Basic $623.0m
$771.0m +23.76%
$93.0m -87.94%
$628.0m +575.27%
($362.0m) -157.64%
$649.0m +279.28%
($1.3b) -299.54%
$32.0m +102.47%
$731.0m +2184.38%
$1.5b +106.43%
—
Amortization of Intangible Assets — — $25.0m $0 $0 — — — — — —
Amortization of premiums and discounts on mortgage-backed securities, net $400.0m $378.0m $331.0m $601.0m $1.1b $369.0m $13.0m $201.0m $123.0m $177.0m —
Share-based Payment Arrangement, Noncash Expense — — $6.0m $13.0m $18.0m $19.0m $2.0m $11.0m $18.0m $26.0m $24.0m
Nonoperating Income (Expense) — — — — ($1.0b) ($449.0m) ($2.1b) $497.0m $955.0m $1.1b —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — $107.0m $12.0m $37.0m ($98.0m) ($188.0m)
Increase (Decrease) in Other Operating Assets — — $100.0m $35.0m ($119.0m) $29.0m ($38.0m) $892.0m ($738.0m) $151.0m —
(Increase) decrease in other assets $34.0m $82.0m ($100.0m) ($35.0m) $119.0m ($29.0m) $38.0m ($892.0m) $738.0m ($151.0m) —
Increase (decrease) in other liabilities $46.0m $81.0m $121.0m ($9.0m) ($224.0m) ($17.0m) $69.0m $904.0m ($701.0m) $53.0m —
Change In Other Current Assets — — — — — — $38.0m ($892.0m) $738.0m ($151.0m) ($195.0m)
Change In Other Current Liabilities — — — — — — $69.0m $904.0m ($701.0m) $53.0m $7.0m
Net Cash Provided by (Used in) Operating Activities $1.4b
$1.3b -6.80%
$1.1b -11.67%
$1.2b +6.02%
$1.7b +48.05%
$1.5b -11.85%
$1.0b -34.22%
($118.0m) -111.65%
$86.0m +172.88%
$653.0m +659.30%
$886.0m +35.68%
Cash flows from investing activities:
Purchases of credit risk transfer and non-Agency securities and other mortgage credit investments ($34.0m) ($1.1b) ($1.6b) ($1.4b) ($765.0m) ($2.0b) ($1.2b) ($364.0m) ($251.0m) ($69.0m) —
Payments for (Proceeds from) Other Investing Activities — — ($30.0m) $0 $0 — — — — — —
Payment for (Proceeds from) Other Investing Activity $107.0m ($28.0m) $30.0m $0 $0 — — — — — —
Net Cash Provided by (Used in) Investing Activities $4.4b ($11.3b) ($27.9b) ($14.2b) $36.5b $3.8b $11.2b ($14.7b) ($11.2b) ($25.9b) ($21.4b)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt — — — — ($146.0m) — — — — — —
Payments on debt of consolidated variable interest entities ($135.0m) ($104.0m) ($78.0m) ($55.0m) ($62.0m) ($49.0m) ($24.0m) ($17.0m) ($15.0m) ($12.0m) —
Long Term Debt Payments — — — — — — ($24.0m) ($17.0m) ($15.0m) ($12.0m) ($63.0m)
Net Issuance Payments Of Debt — — — — — — ($24.0m) ($17.0m) ($15.0m) ($12.0m) ($63.0m)
Net Long Term Debt Issuance — — — — — — ($24.0m) ($17.0m) ($15.0m) ($12.0m) ($63.0m)
Repayment Of Debt — — — — — — ($24.0m) ($17.0m) ($15.0m) ($12.0m) ($63.0m)
Payments for Repurchase of Common Stock — — $0 $103.0m $378.0m $281.0m $51.0m $0 $0 — —
Proceeds from Issuance of Common Stock — — $2.6b $190.0m $439.0m $0 $526.0m $1.1b $2.0b $2.0b $1.2b
Net proceeds from common stock issuance $0 $1.2b $2.6b $190.0m $439.0m $0 $526.0m $1.1b $2.0b $2.0b —
Payments for common stock repurchases ($116.0m) $0 $0 ($103.0m) ($378.0m) ($281.0m) ($51.0m) $0 $0 — —
Common Stock Payments — — — — — ($281.0m) ($51.0m) $0 $0 — —
Issuance Of Capital Stock — — — — — — $671.0m $1.1b $2.0b $2.3b $1.6b
Net Common Stock Issuance — — — — — — $475.0m $1.1b $2.0b $2.0b $1.2b
Repurchase Of Capital Stock — — — — — ($281.0m) ($51.0m) $0 $0 — —
Dividends paid — — $974 $1k $970 $860 $869 $1k $1k $2k ($1.8b)
Dividends Payable — — $106 $104 $90 $88 $100 $115 $143 $182 —
Cash dividends paid ($799) ($795) ($974) ($1k) ($970) ($860) ($869) ($1k) ($1k) ($2k) ($1.8b)
Net Cash Provided by (Used in) Financing Activities ($5.7b)
$9.9b +273.82%
$27.0b +172.36%
$12.8b -52.56%
($37.2b) -390.86%
($6.2b) +83.41%
($11.4b) -84.49%
$14.2b +224.89%
$11.1b -22.10%
$25.2b +127.21%
$20.4b -18.97%
Beginning Cash Position — — — — — — $1.5b $2.3b $1.8b $1.8b $1.9b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $1.3b $1.4b $1.5b $1.3b $2.3b $1.5b $2.3b $1.8b $1.8b $1.7b $1.8b
Restricted Cash and Cash Equivalent — — — — — $527.0m $1.3b $1.3b $1.3b $1.3b —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Gain (Loss) on Sales of Mortgage Backed Securities (MBS) — — ($137.0m) $388.0m $1.1b ($57.0m) ($2.9b) ($1.6b) ($188.0m) ($529.0m) —
General and Administrative Expense — — $55.0m $36.0m $37.0m $34.0m $33.0m $34.0m $36.0m $40.0m —
Goodwill — — — $526.0m $526.0m $526.0m $526.0m $526.0m $526.0m $526.0m —
Income Tax Expense (Benefit) — — — — — — — — — — —
Operating Expenses — — $100.0m $83.0m $93.0m $88.0m $74.0m $96.0m $110.0m $127.0m —
Interest Paid, Including Capitalized Interest, Operating and Investing Activities $332.0m $474.0m $1.1b $2.1b $866.0m $89.0m $557.0m $2.2b $2.9b $2.8b —
Stock based compensation $1.0m $4.0m $6.0m $13.0m $18.0m $19.0m $2.0m $11.0m $18.0m $26.0m $24.0m
Loss on sale of investment securities, net ($109.0m) $63.0m $137.0m ($388.0m) ($1.1b) $57.0m $2.9b $1.6b $188.0m $529.0m —
(Gain) loss on derivative instruments and other securities, net $310.0m ($193.0m) $167.0m $2.3b $2.5b ($1.1b) ($4.6b) ($386.0m) ($2.0b) $1.1b —
Purchases of Agency mortgage-backed securities ($20.8b) ($35.9b) ($42.6b) ($47.5b) ($56.5b) ($45.3b) ($26.8b) ($32.2b) ($41.8b) ($45.6b) —
Proceeds from sale of Agency mortgage-backed securities $18.0b $18.7b $8.1b $23.2b $77.3b $34.6b $26.0b $13.6b $22.8b $24.8b —
Proceeds from sale of credit risk transfer and non-Agency securities $0 $494.0m $891.0m $1.4b $896.0m $1.4b $1.2b $732.0m $286.0m $270.0m —
Principal collections on Agency mortgage-backed securities $8.1b $6.9b $7.2b $12.8b $17.4b $15.0b $6.5b $4.3b $5.8b $7.5b —
Principal collections on credit risk transfer and non-Agency securities $23.0m $5.0m $15.0m $20.0m $131.0m $84.0m $209.0m $68.0m $121.0m $31.0m —
Payments on U.S. Treasury securities ($4.5b) ($11.8b) ($10.8b) ($26.8b) ($24.5b) ($22.1b) ($27.5b) ($30.5b) ($18.8b) ($52.4b) —
Proceeds from Sale of U.S. Treasury securities $10.4b — — $13.6b $26.0b $19.8b $25.9b $33.2b $24.6b $38.7b —
Net proceeds from (payments on) reverse repurchase agreements ($6.0b) ($3.2b) ($10.6b) $12.0b ($1.5b) $1.3b $4.0b ($4.5b) ($4.8b) $1.4b —
Net proceeds from (payments on) derivative instruments ($1.3b) $253.0m $76.0m ($1.4b) ($1.8b) $1.0b $2.9b $989.0m $803.0m ($405.0m) —
Proceeds from repurchase arrangements $217.5b $483.5b $2.0t $4.2t $3.1t $2.2t $2.4t $3.3t $5.6t $7.2t —
Payments on repurchase agreements ($221.4b) ($471.1b) ($2.0t) ($4.2t) ($3.2t) ($2.2t) ($2.4t) ($3.3t) ($5.6t) ($7.2t) —
Payments on Federal Home Loan Bank advances ($2.8b) ($3.0b) $0 $0 — — — — — — —
Net proceeds from preferred stock issuance $0 $315.0m $0 ($617.0m) ($557.0m) $0 ($145.0m) $0 $0 ($334.0m) —
Payments for preferred stock redemptions $0 ($173.0m) $0 ($175.0m) $0 — — — — — —
Net change in cash and cash equivalents $98.0m ($162.0m) $157.0m ($238.0m) $1.0b ($799.0m) $809.0m ($563.0m) $0 ($29.0m) —
Cash and cash equivalents at end of period $1.2b $1.0b $921.0m $831.0m $1.0b $998.0m $1.0b $518.0m $505.0m $450.0m —
Income Taxes Paid $0 $0 — — — — — — — — —
Cash Flow From Continuing Financing Activities — — — — — — ($11.4b) $14.2b $11.1b $25.2b $20.4b
Cash Flow From Continuing Investing Activities — — — — — — $11.2b ($14.7b) ($11.2b) ($25.9b) ($21.4b)
Change In Cash Supplemental As Reported — — — — — — $809.0m ($563.0m) $0 ($29.0m) —
Changes In Cash — — — — — — $809.0m ($563.0m) $0 ($29.0m) ($86.0m)
End Cash Position — — — — — — $2.3b $1.8b $1.8b $1.7b $1.8b
Financing Cash Flow — — — — — — ($11.4b)
$14.2b +224.89%
$11.1b -22.10%
$25.2b +127.21%
$20.4b -18.97%
Free Cash Flow — — — — — — $1.0b ($118.0m) $86.0m $653.0m $886.0m
Gain Loss On Investment Securities — — — — — — $2.9b $1.6b $188.0m $529.0m $49.0m
Investing Cash Flow — — — — — — $11.2b ($14.7b) ($11.2b) ($25.9b) ($21.4b)
Net Investment Purchase And Sale — — — — — — $7.2b ($10.2b) ($6.4b) ($27.3b) ($25.1b)
Net Preferred Stock Issuance — — — — — — $145.0m $0 $0 $334.0m $334.0m
Operating Gains Losses — — — — — — ($1.7b) $1.2b ($1.8b) $1.6b ($1.1b)
Purchase Of Investment — — — — — — ($55.5b) ($63.1b) ($60.8b) ($98.5b) ($126.5b)
Sale Of Investment — — — — — — $62.7b $53.0b $54.5b $71.2b $101.4b
Unrealized Gain Loss On Investment Securities — — — — — — $3.8b ($1.7b) $885.0m ($2.7b) ($301.0m)

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.