← MFA FINANCIAL, 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 other non-cash (gains)/losses included in net income | — | — | — | $24.8m | $44.1m | $10.9m | $27.5m | $31.7m | $69.3m | $67.4m | — | |
| Net Income (Loss) Attributable to Parent | $312.7m |
$322.4m
+3.11%
|
$301.8m
-6.39%
|
$378.1m
+25.29%
|
($679.4m)
-279.68%
|
$328.9m
+148.41%
|
($231.6m)
-170.42%
|
$80.2m
+134.62%
|
$119.3m
+48.76%
|
$176.8m
+48.24%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $297.7m |
$307.4m
+3.27%
|
$286.8m
-6.70%
|
$362.0m
+26.23%
|
($709.4m)
-295.95%
|
$295.0m
+141.58%
|
($265.1m)
-189.87%
|
$47.3m
+117.84%
|
$85.9m
+81.70%
|
$135.7m
+57.91%
|
— | |
| Depreciation and amortization | $964k | $1.5m | $1.8m | $3.3m | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | — | — | — | — | — | $6.6m | $9.2m | $4.2m | $3.2m | $2.2m | — | |
| Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities | — | — | — | — | — | ($59.4m) | ($27.3m) | ($19.0m) | ($5.5m) | $1.2m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $0 | $0 | $0 | $195k | $299k | $0 | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | $9.2m | $8.0m | $8.0m | $9.2m | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $9.2m | $8.0m | $8.0m | $9.2m | $6.7m | $9.0m | $11.3m | $15.0m | $13.9m | $12.1m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | — | — | |
| Impairment and other net (gain)/loss on securities and other portfolio investments, net | — | — | — | — | $350.6m | ($74.6m) | $25.1m | ($7.1m) | $9.2m | ($61.5m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $13.4m | ($18.0m) | $16.6m | $11.8m | $46.4m | |
| Increase (Decrease) in Other Operating Assets | $112.6m | $5.6m | $26.5m | $34.3m | ($39.9m) | $19.4m | ($40.1m) | $80.9m | ($25.1m) | ($4.5m) | — | |
| Provision/(reversal of provision) for credit losses on residential whole loans and other assets | — | — | $773k | $2.6m | $22.1m | ($48.4m) | $25.9m | ($6.8m) | ($1.9m) | $936k | — | |
| (Increase)/decrease in other assets | ($112.6m) | ($5.6m) | ($26.5m) | ($34.3m) | $39.9m | ($19.4m) | $40.1m | ($80.9m) | $25.1m | $4.5m | — | |
| Increase/(decrease) in other liabilities | ($6.9m) | ($5.8m) | $32k | $18.6m | ($50.8m) | $14.0m | ($12.1m) | $63.0m | ($8.5m) | $7.4m | — | |
| Proceeds from sales of securities and other assets | $85.6m | $243.1m | $538.7m | $908.7m | $3.8b | $0 | $15.7m | $23.3m | $45.6m | $46.8m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $25.5m | ($80.9m) | $25.1m | $4.5m | $394k | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($12.1m) | $63.0m | ($8.5m) | $7.4m | $46.0m | |
| Other Operating Income (Expense), Net | $13.8m | $29.4m | $5.5m | $14.9m | ($18.9m) | $30.0m | $9.3m | $11.3m | $115k | ($18.7m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $85.5m |
$176.1m
+105.90%
|
$147.9m
-16.01%
|
$215.8m
+45.91%
|
$38.4m
-82.21%
|
$120.3m
+213.30%
|
$366.1m
+204.32%
|
$108.7m
-70.30%
|
$200.1m
+84.04%
|
$76.2m
-61.90%
|
$252.2m
+230.79%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | — | $1.9m | $4.9m | $12.0m | $300k | — | — | — | — | |
| Payments to Acquire Investments | $1.9b | $1.6b | $2.6b | $1.0b | $163.7m | $0 | $0 | $588.9m | $869.1m | $2.2b | ($2.8b) | |
| Unrealized Gain (Loss) on Investments | $31.3m | $33.6m | $36.7m | $47.8m | — | — | ($21.9m) | $6.2m | — | — | — | |
| Purchases and origination of residential whole loans, loan related investments and capitalized advances | ($677.0m) | ($1.1b) | ($3.1b) | ($4.6b) | ($1.5b) | ($4.5b) | ($3.2b) | ($2.9b) | ($2.7b) | ($2.7b) | — | |
| Principal payments on residential whole loans and loan related investments | $104.0m | $160.5m | $531.9m | $1.4b | $1.8b | $2.0b | $1.9b | $1.4b | $2.2b | $2.4b | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | $11.1m | ($121.8m) | $78.9m | — | |
| Other investing activities | — | — | — | — | — | ($30.9m) | $9.4m | ($11.1m) | $121.8m | ($78.9m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $143.4m | $103.9m | $208.0m | $17.6m | ($2.0m) | |
| Net Cash Provided by (Used in) Investing Activities | $1.0b | $1.8b | ($2.2b) | ($1.1b) | $6.4b | ($2.2b) | ($1.1b) | ($1.5b) | ($424.6m) | ($1.8b) | ($2.4b) | |
| Cash flows from financing activities: | ||||||||||||
| Net (gain)/loss on securitized debt measured at fair value through earnings | — | — | — | — | $11.9m | ($14.4m) | ($290.6m) | $86.4m | $52.0m | $42.0m | — | |
| Proceeds from borrowings under financing agreements with mark-to-market collateral provisions | — | — | $68.3b | $68.7b | $14.0b | $3.0b | $2.6b | $3.0b | $2.9b | $4.3b | — | |
| Proceeds from borrowings under other collateralized financing agreements | — | — | $420.0m | $0 | $3.8b | $2.7b | $3.7b | $3.5b | $3.0b | $2.0b | — | |
| Issuance Of Debt | — | — | — | — | — | — | $6.3b | $6.6b | $6.1b | $6.3b | $7.9b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $6.3b | $6.6b | $6.1b | $6.3b | $7.9b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($5.1b) | ($4.9b) | ($5.5b) | ($4.6b) | ($5.7b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.2b | $1.6b | $550.9m | $1.7b | $2.2b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.2b | $1.6b | $550.9m | $1.7b | $2.2b | |
| Repayment Of Debt | — | — | — | — | — | — | ($5.1b) | ($4.9b) | ($5.5b) | ($4.6b) | ($5.7b) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $50.8m | $85.6m | $102.3m | $0 | $1.5m | $15.3m | — | |
| Payments of Ordinary Dividends, Common Stock | $298 | $309 | $330 | $362 | $114 | $156 | $184 | $143 | $144 | $148 | ($194.0m) | |
| Proceeds from Issuance of Common Stock | $4.7m | $196.8m | $392.5m | $12.3m | $7.4m | $1.8m | $1.2m | ($7k) | ($81k) | ($68k) | — | |
| Proceeds from issuances of common stock, net of expenses | $4.7m | $196.8m | $392.5m | $12.3m | $7.4m | $1.8m | $1.2m | ($7k) | ($81k) | ($68k) | — | |
| Payments made for the repurchase of common stock | — | — | $0 | $0 | ($50.8m) | ($85.6m) | ($102.3m) | $0 | ($1.5m) | ($15.3m) | — | |
| Dividends paid on common stock and dividend equivalents | ($298) | ($309) | ($330) | ($362) | ($114) | ($156) | ($184) | ($143) | ($144) | ($148) | ($194.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($184.0m) | ($143.1m) | ($143.9m) | ($148.2m) | ($151.5m) | |
| Common Stock Issuance | — | — | — | — | — | $1.8m | $1.2m | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($102.3m) | ($7k) | ($1.6m) | ($15.4m) | ($24.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $1.2m | $0 | $0 | $9.3m | $14.6m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($101.1m) | ($7k) | ($1.6m) | ($15.4m) | ($24.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($102.3m) | ($7k) | ($1.6m) | ($15.4m) | ($24.3m) | |
| Dividends Payable | $75 | $80 | $90 | $91 | $34 | $48 | $36 | $36 | $36 | $37 | — | |
| Dividends paid on preferred stock | ($15) | ($15) | ($15) | ($15) | ($30) | ($33) | ($33) | ($33) | ($33) | ($40) | ($194.0m) | |
| Dividends and dividend equivalents declared and unpaid | $74.7m | $79.8m | $90.2m | $0 | $0 | $47.8m | $35.8m | $35.8m | $36.0m | $37.1m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($216.9m) | ($176.0m) | ($176.7m) | ($188.5m) | ($194.0m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($32.9m) | ($32.9m) | ($32.9m) | ($40.3m) | ($42.5m) | |
| Principal payments on other collateralized financing agreements | — | — | ($98.0m) | ($114.4m) | ($1.7b) | ($1.9b) | ($2.2b) | ($2.0b) | ($2.6b) | ($1.9b) | — | |
| Payments made for other collateralized financing agreement related costs | — | ($2.6m) | ($2.5m) | $0 | ($1.7m) | ($7.1m) | ($16.4m) | ($12.6m) | ($7.5m) | ($10.9m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($16.4m) | ($12.6m) | ($35.0m) | ($38.2m) | ($31.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($1.0b) |
($1.8b)
-77.21%
|
$1.6b
+190.69%
|
$964.9m
-40.98%
|
($5.7b)
-694.35%
|
$1.6b
+128.42%
|
$850.2m
-47.83%
|
$1.4b
+68.78%
|
$337.6m
-76.48%
|
$1.5b
+342.75%
|
$1.9b
+29.13%
|
|
| Net increase/(decrease) in cash, cash equivalents and restricted cash | — | $145.2m | ($375.0m) | $46.0m | $686.9m | ($417.1m) | $89.6m | ($5.9m) | $113.1m | ($214.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $46.0m | $686.9m | ($417.1m) | $89.6m | ($5.9m) | $113.1m | ($214.6m) | $310.2m | |
| Cash, cash equivalents and restricted cash at beginning of period | $318.6m | $463.7m | $88.7m | $134.7m | $821.5m | $404.4m | $494.1m | $488.2m | $601.3m | $386.7m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $404.4m | $494.1m | $488.2m | $601.3m | $545.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $88.7m | $134.7m | $821.5m | $404.4m | $494.1m | $488.2m | $601.3m | $386.7m | $310.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $194.6m | $198.2m | $232.7m | $330.4m | $254.3m | $117.0m | $239.2m | $418.1m | $516.2m | $508.3m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $564k | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | $35.6m | ($723k) | $96.1m | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | $84k | $908k | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | ($3.2m) | $7.3m | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | ($57.0m) | $0 | — | — | — | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | ($57.0m) | $0 | ($214.8m) | ($93.8m) | $2.5m | ($65.6m) | — | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | $800k | — | — | — | — | — | — | |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | — | — | — | $62.0m | $61.7m | $0 | $84k | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | $22.8m | $25.4m | $9.4m | $3.1m | ($6.8m) | — | |
| General and Administrative Expense | — | — | — | — | — | — | $112.5m | — | — | — | — | |
| Goodwill | $7.2m | $7.2m | $7.2m | — | — | $61.1m | $61.1m | $61.1m | $61.1m | $61.1m | — | |
| Income Tax Expense (Benefit) | $0 | $0 | $0 | $0 | $0 | $2.7m | ($851k) | $278k | $443k | ($735k) | — | |
| Operating Lease, Expense | — | — | — | — | $3.0m | — | $6.5m | $6.7m | $7.4m | $8.6m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Warrants | — | — | — | — | $33.6m | $0 | $0 | — | — | — | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | — | $275.0m | $0 | $0 | — | — | — | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | $0 | ($5.9m) | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | $14.5m | ($23.3m) | ($50.1m) | $0 | $247.9m | ($91.7m) | $2.5m | ($65.6m) | — | |
| Net (gain)/loss on residential whole loans | — | — | ($70.6m) | ($79.9m) | $243.9m | ($31.7m) | $866.8m | ($87.4m) | ($54.2m) | ($138.8m) | — | |
| Net (gain)/loss on real estate owned | — | — | — | — | ($2.5m) | ($18.8m) | ($24.5m) | ($9.5m) | ($2.7m) | $6.9m | — | |
| Net (gain)/loss on derivatives used for risk management purposes | — | — | $0 | $0 | $57.0m | $0 | $214.8m | $93.8m | ($2.5m) | $65.6m | — | |
| Net margin received/(paid) for derivatives used for risk management purposes | — | — | — | — | — | $574k | $214.8m | ($35.6m) | $723k | ($96.1m) | — | |
| Proceeds from sales of residential whole loans | — | — | — | — | — | $0 | $0 | $345.7m | $654.1m | $274.9m | — | |
| Purchases of securities | ($1.9b) | ($1.6b) | ($2.6b) | ($1.0b) | ($163.7m) | $0 | $0 | ($588.9m) | ($869.1m) | ($2.2b) | — | |
| Principal payments on securities | $3.3b | $4.0b | $2.3b | $2.1b | $633.2m | $157.3m | $53.1m | $35.6m | $84.0m | $289.6m | — | |
| Proceeds from sales of real estate owned | $34.2m | $75.7m | $121.3m | $108.0m | $279.8m | $187.0m | $134.0m | $115.0m | $86.1m | $96.4m | — | |
| Principal payments on financing agreements with mark-to-market collateral provisions | ($82.4b) | ($72.6b) | ($67.1b) | ($67.5b) | ($21.8b) | ($1.8b) | ($3.0b) | ($2.9b) | ($2.7b) | ($2.7b) | — | |
| Redemption and repurchase of convertible senior notes | — | — | — | — | — | ($100.0m) | $0 | ($20.2m) | ($209.6m) | $0 | — | |
| Proceeds from issuance of senior notes | — | — | — | — | — | — | $0 | $0 | $182.7m | $0 | — | |
| Payments made for settlements and unwinds of Swaps | — | — | ($61.5m) | ($40.0m) | ($60.0m) | $0 | $0 | $0 | ($27.5m) | ($27.3m) | — | |
| Proceeds from issuance of preferred stock, net of expenses | — | — | — | — | — | — | — | $0 | $0 | $9.3m | — | |
| Transfer from residential whole loans to real estate owned | $91.9m | $136.7m | $215.0m | $257.7m | $96.8m | $72.3m | $82.9m | $84.7m | $103.7m | $107.1m | — | |
| Transfer from commercial loans to real estate owned | — | — | — | — | — | — | $0 | $22.7m | $15.2m | $0 | — | |
| Receivable for sale of unsettled residential whole loans | — | — | — | — | $0 | $0 | $275.7m | $14.0m | $0 | $0 | — | |
| Payable for unsettled investment purchases | — | — | — | — | — | $0 | $132.0m | $103.7m | $63.1m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $850.2m | $1.4b | $337.6m | $1.5b | $1.9b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.1b) | ($1.5b) | ($424.6m) | ($1.8b) | ($2.4b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $89.6m | ($5.9m) | $113.1m | ($214.6m) | — | |
| Changes In Cash | — | — | — | — | — | — | $89.6m | ($5.9m) | $113.1m | ($214.6m) | ($234.7m) | |
| End Cash Position | — | — | — | — | — | — | $494.1m | $488.2m | $601.3m | $386.7m | $310.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $850.2m |
$1.4b
+68.78%
|
$337.6m
-76.48%
|
$1.5b
+342.75%
|
$1.9b
+29.13%
|
|
| Free Cash Flow | — | — | — | — | — | — | $355.3m | $108.7m | $200.1m | $76.2m | $252.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($14.4m) | ($290.6m) | $86.4m | $52.0m | $42.0m | ($30.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.1b) | ($1.5b) | ($424.6m) | ($1.8b) | ($2.4b) | |
| Net Business Purchase And Sale | — | — | — | — | — | $6.1m | $0 | $0 | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $68.8m | ($530.0m) | ($739.5m) | ($1.8b) | ($2.3b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($12.0m) | ($300k) | — | — | — | — | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $9.3m | $14.6m | |
| Operating Gains Losses | — | — | — | — | — | — | $568.0m | $50.1m | $5.2m | ($188.8m) | ($15.6m) | |
| Other Non Cash Items | — | — | — | — | — | — | $6.9m | $22.2m | $66.5m | $74.3m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($588.9m) | ($869.1m) | ($2.2b) | ($2.8b) | |
| Purchase Of PPE | $708k | $872k | $1.1m | $1.9m | $4.9m | ($12.0m) | ($300k) | — | — | — | — | |
| Sale Of Business | — | — | — | — | — | $6.1m | $0 | $0 | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $68.8m | $58.9m | $129.6m | $336.5m | $483.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.