Ellington Financial Inc(NYSE:EFC) 
Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS)...
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net interest income | |||||||||||||||||||||
interest income | 149,503,000 | 122,846,000 | 115,471,000 | 115,913,000 | 107,281,000 | 100,470,000 | 101,520,000 | 96,216,000 | 88,092,000 | 87,174,000 | 78,592,000 | 62,722,000 | 51,074,000 | 40,146,000 | 45,890,000 | 40,079,000 | |||||
interest expense | -88,249,000 | -73,126,000 | -72,128,000 | -72,656,000 | -73,654,000 | -66,874,000 | -70,464,000 | -68,702,000 | -63,433,000 | -59,617,000 | -42,080,000 | -26,024,000 | -14,017,000 | -10,604,000 | -11,166,000 | -11,342,000 | |||||
total net interest income | 61,254,000 | 49,720,000 | 43,343,000 | 43,257,000 | 33,627,000 | 33,596,000 | 31,056,000 | 27,514,000 | 24,659,000 | 27,557,000 | 36,512,000 | 36,698,000 | 37,057,000 | 29,542,000 | 34,724,000 | 28,737,000 | |||||
other income | |||||||||||||||||||||
realized gains on securities and loans | 14,715,000 | 9,335,000 | 6,911,000 | -8,804,000 | -12,243,000 | -22,968,000 | -17,208,000 | -17,362,000 | -17,388,000 | -36,767,000 | -33,247,000 | -18,830,000 | 806,000 | 6,359,000 | -2,009,000 | 4,276,000 | |||||
realized gains on financial derivatives | 19,172,000 | -8,335,000 | -519,000 | 11,641,000 | -41,564,000 | 6,313,000 | 3,478,000 | 26,283,000 | 29,780,000 | -25,447,000 | 18,995,000 | 46,779,000 | 23,335,000 | -1,782,000 | 425,000 | 5,795,000 | |||||
realized gains on real estate owned | -3,145,000 | -3,402,000 | -1,356,000 | -934,000 | -397,000 | -1,877,000 | -1,372,000 | -155,000 | -1,245,000 | -56,000 | -18,000 | 518,000 | -27,000 | -50,000 | -74,000 | 61,000 | |||||
realized gains on unsecured borrowings, at fair value | -1,383,000 | ||||||||||||||||||||
unrealized gains on securities and loans | -19,612,000 | 24,416,000 | 59,810,000 | 46,108,000 | 126,908,000 | 40,271,000 | 5,573,000 | -63,850,000 | -11,383,000 | 99,257,000 | -150,750,000 | -175,350,000 | -151,153,000 | -3,212,000 | 10,000,000 | -1,781,000 | |||||
unrealized gains on financial derivatives | 7,042,000 | -3,197,000 | -25,608,000 | -27,115,000 | 356,000 | 7,902,000 | 30,365,000 | 55,794,000 | 8,340,000 | 2,763,000 | 50,259,000 | 2,516,000 | 45,307,000 | 1,155,000 | -5,683,000 | 10,711,000 | |||||
unrealized gains on real estate owned | 1,255,000 | 736,000 | -1,396,000 | -3,311,000 | -769,000 | 882,000 | -679,000 | -1,712,000 | 1,174,000 | 4,000 | -121,000 | 318,000 | -571,000 | 672,000 | -1,314,000 | -792,000 | |||||
unrealized gains on other secured borrowings, at fair value | 6,993,000 | -21,144,000 | -25,844,000 | -31,364,000 | -56,179,000 | -1,516,000 | -12,524,000 | 18,660,000 | 12,152,000 | -29,680,000 | 79,430,000 | 67,258,000 | 55,641,000 | ||||||||
unrealized gains on unsecured borrowings, at fair value | 21,188,000 | -2,890,000 | -1,699,000 | 1,027,000 | -9,059,000 | 1,868,000 | 1,829,000 | ||||||||||||||
net change from hecm reverse mortgage loans, at fair value | 235,035,000 | 205,973,000 | 168,817,000 | 176,990,000 | 158,554,000 | 146,706,000 | 205,497,000 | ||||||||||||||
net change related to hmbs obligations, at fair value | -194,107,000 | -171,019,000 | -142,212,000 | -147,471,000 | -133,837,000 | -127,672,000 | -177,982,000 | -115,729,000 | -24,576,000 | -131,534,000 | |||||||||||
litigation settlement income | 17,000,000 | ||||||||||||||||||||
other | 4,478,000 | 2,563,000 | 12,295,000 | 24,266,000 | 1,581,000 | 7,652,000 | 7,508,000 | 28,772,000 | 5,689,000 | 3,504,000 | -31,000 | -166,000 | 1,220,000 | 2,986,000 | 4,363,000 | 1,960,000 | |||||
total other income | 110,014,000 | 33,036,000 | 49,199,000 | 39,650,000 | 33,351,000 | 57,561,000 | 44,485,000 | 26,220,000 | 34,663,000 | 51,675,000 | -26,348,000 | -69,607,000 | -25,442,000 | 6,128,000 | 5,708,000 | 20,230,000 | |||||
expenses | |||||||||||||||||||||
base management fee to affiliate | 7,101,000 | 6,173,000 | 6,270,000 | 6,092,000 | 6,031,000 | 5,811,000 | 5,730,000 | 4,890,000 | 4,913,000 | 4,956,000 | 3,950,000 | 3,990,000 | 4,266,000 | 3,675,000 | 3,355,000 | 3,277,000 | |||||
incentive fee to affiliate | 19,222,000 | 4,533,000 | 5,255,000 | 7,157,000 | |||||||||||||||||
investment and transaction related expenses: | |||||||||||||||||||||
servicing expense | 7,800,000 | 7,198,000 | 7,220,000 | 7,019,000 | 6,334,000 | 5,782,000 | 5,688,000 | 5,261,000 | 4,968,000 | 4,807,000 | 1,097,000 | 960,000 | 1,524,000 | 1,182,000 | 974,000 | 986,000 | |||||
debt issuance costs related to other secured borrowings, at fair value | 2,324,000 | 1,397,000 | 2,280,000 | 1,991,000 | 3,113,000 | 1,941,000 | 2,118,000 | 2,232,000 | 2,039,000 | 1,665,000 | |||||||||||
professional fees | 3,634,000 | 2,862,000 | 3,143,000 | 3,716,000 | 2,667,000 | 2,438,000 | 2,970,000 | 3,847,000 | 6,351,000 | 3,556,000 | 1,177,000 | 1,180,000 | 1,177,000 | 1,202,000 | 1,037,000 | 1,198,000 | |||||
compensation and benefits | 21,806,000 | 21,716,000 | 21,332,000 | 16,942,000 | 18,987,000 | 16,353,000 | 14,643,000 | 14,675,000 | 15,179,000 | 14,670,000 | |||||||||||
other expenses | 8,783,000 | 8,448,000 | 7,674,000 | 7,073,000 | 7,554,000 | 7,296,000 | 7,076,000 | 6,437,000 | 6,799,000 | 6,044,000 | 1,860,000 | 1,851,000 | 1,881,000 | 1,682,000 | 1,633,000 | 1,579,000 | |||||
total expenses | 80,373,000 | 57,012,000 | 57,066,000 | 51,983,000 | 50,924,000 | 42,985,000 | 43,655,000 | 39,452,000 | 42,632,000 | 37,902,000 | 14,463,000 | 13,102,000 | 19,567,000 | 16,247,000 | 19,425,000 | 12,329,000 | |||||
net income before income tax expense and earnings from investments in unconsolidated entities | 90,895,000 | 25,744,000 | 35,476,000 | 30,924,000 | 16,054,000 | 48,172,000 | 31,886,000 | 14,282,000 | 16,690,000 | 41,330,000 | -4,299,000 | -46,011,000 | -7,952,000 | 19,423,000 | 21,007,000 | 36,638,000 | |||||
income tax expense | 966,000 | 1,060,000 | 1,475,000 | -96,000 | 12,000 | 142,000 | 61,000 | 224,000 | 83,000 | 21,000 | -81,000 | -7,825,000 | -6,960,000 | -2,009,000 | 3,140,000 | 2,017,000 | |||||
earnings from investments in unconsolidated entities | 17,564,000 | 13,074,000 | 17,072,000 | 8,304,000 | 7,281,000 | 12,042,000 | 2,226,000 | -978,000 | -5,868,000 | 3,444,000 | -25,513,000 | -23,265,000 | -5,506,000 | 2,549,000 | 18,602,000 | 6,635,000 | |||||
net income | 107,493,000 | 37,758,000 | 51,073,000 | 39,324,000 | 23,323,000 | 60,072,000 | 34,051,000 | 13,080,000 | 10,739,000 | 44,753,000 | -29,731,000 | -61,451,000 | -6,498,000 | 23,981,000 | 36,469,000 | 41,256,000 | |||||
yoy | 173.35% | 61.89% | -14.98% | 15.49% | 78.31% | 459.38% | -23.91% | -143.99% | -117.48% | -788.72% | -223.98% | -268.50% | -115.75% | ||||||||
qoq | -26.07% | 29.88% | -61.17% | 76.42% | 21.80% | -76.00% | -51.62% | 845.69% | -34.24% | -11.60% | |||||||||||
net income attributable to non-controlling interests | 2,177,000 | 1,180,000 | 1,114,000 | 640,000 | 315,000 | 900,000 | 482,000 | 509,000 | 1,861,000 | 720,000 | -264,000 | -391,000 | -420,000 | 1,476,000 | 1,874,000 | 1,459,000 | |||||
dividends on preferred stock | 5,883,000 | 7,074,000 | 7,036,000 | 7,035,000 | 6,833,000 | 6,825,000 | 6,654,000 | 5,980,000 | 5,980,000 | 5,117,000 | 3,823,000 | 3,821,000 | 3,824,000 | 1,941,000 | 1,940,000 | 1,941,000 | |||||
issuance costs of redeemed preferred stock | 3,966,000 | ||||||||||||||||||||
net income attributable to common stockholders | 95,467,000 | 29,504,000 | 42,923,000 | 31,649,000 | 16,175,000 | 52,347,000 | 26,915,000 | 6,591,000 | 2,898,000 | 38,916,000 | -33,290,000 | -64,881,000 | -9,902,000 | 20,564,000 | 32,655,000 | 37,856,000 | |||||
net income per share | |||||||||||||||||||||
basic and diluted | 0.78 | 0.29 | 0.45 | 0.35 | 0.19 | 0.62 | 0.32 | 0.1 | 0.04 | 0.58 | -0.55 | -1.08 | -0.17 | 0.41 | 0.75 | 0.86 | |||||
investment related expenses: | |||||||||||||||||||||
unrealized gains on senior notes, at fair value | -4,410,000 | 6,510,000 | 9,135,000 | 7,350,000 | |||||||||||||||||
net change from reverse mortgage loans, at fair value | 99,929,000 | 32,120,000 | 163,121,000 | ||||||||||||||||||
debt issuance costs related to senior notes, at fair value | 3,615,000 | ||||||||||||||||||||
compensation expense | 1,508,000 | 1,260,000 | 2,560,000 | 1,554,000 | 1,412,000 | 1,420,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 201,893,000 | 184,809,000 | 211,013,000 | 203,288,000 | 192,387,000 | 217,725,000 | 198,513,000 | 187,467,000 | 228,927,000 | 174,664,000 | 194,595,000 | 188,555,000 | 217,053,000 | 175,230,000 | 224,451,000 | 363,529,000 | 92,661,000 | 103,617,000 | 134,695,000 | 149,350,000 | 111,647,000 | 126,783,000 | 146,531,000 | 136,740,000 | 114,140 | 129,124,000 | 145,032,000 | 201,795,000 | 64,753,000 | 69,223,000 | 48,120,000 | 51,546,000 | 62,737,000 | 41,611,000 | 45,437,323 | 41,440,144 | 117,712,224 |
restricted cash | 136,297,000 | 20,769,000 | 19,617,000 | 14,027,000 | 16,561,000 | 10,578,000 | 6,098,000 | 6,343,000 | 1,618,000 | 1,604,000 | 1,602,000 | 1,601,000 | 4,816,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | |||||||||||||||
securities, at fair value | 1,034,882,000 | 909,851,000 | 938,454,000 | 943,281,000 | 962,254,000 | 1,063,774,000 | 1,127,684,000 | 1,328,848,000 | 1,518,377,000 | 1,502,049,000 | 1,500,863,000 | 1,389,547,000 | 1,459,465,000 | 1,522,772,000 | 1,757,513,000 | 1,877,529,000 | 2,087,360,000 | 1,895,563,000 | 1,860,990,000 | 1,909,127,000 | 1,514,185,000 | 1,451,420,000 | 1,396,008,000 | 1,481,395,000 | |||||||||||||
loans, at fair value | 16,640,647,000 | 15,531,299,000 | 14,668,365,000 | 14,274,158,000 | 13,999,572,000 | 13,519,786,000 | 12,846,106,000 | 12,644,232,000 | 12,306,636,000 | 11,920,872,000 | 11,822,695,000 | 11,812,567,000 | 11,626,008,000 | 3,822,895,000 | 3,490,820,000 | 2,884,627,000 | 2,415,321,000 | 1,996,529,000 | 1,742,701,000 | 1,582,516,000 | 1,453,480,000 | 1,442,612,000 | 1,416,851,000 | 1,443,589,000 | |||||||||||||
loan commitments, at fair value | 9,124,000 | 8,827,000 | 8,785,000 | 7,215,000 | 6,692,000 | 5,955,000 | 5,623,000 | 3,917,000 | 2,584,000 | 3,752,000 | 3,800,000 | 3,299,000 | 3,060,000 | ||||||||||||||||||||||||
forward msr-related investments, at fair value | 77,852,000 | 74,694,000 | 81,256,000 | 87,203,000 | 77,848,000 | 149,831,000 | 158,031,000 | 160,009,000 | 163,336,000 | ||||||||||||||||||||||||||||
mortgage servicing rights, at fair value | 28,913,000 | 29,055,000 | 29,276,000 | 29,536,000 | 29,766,000 | 28,877,000 | 29,538,000 | 29,889,000 | 29,580,000 | 29,653,000 | 7,473,000 | 8,100,000 | 8,108,000 | ||||||||||||||||||||||||
investments in unconsolidated entities, at fair value | 312,421,000 | 287,686,000 | 307,722,000 | 269,093,000 | 220,078,000 | 188,475,000 | 163,182,000 | 125,366,000 | 116,414,000 | 113,474,000 | 118,420,000 | 118,747,000 | 127,046,000 | 171,379,000 | 192,269,000 | 219,303,000 | 195,643,000 | 142,019,000 | 178,979,000 | 147,684,000 | 141,620,000 | 95,803,000 | 72,553,000 | 65,397,000 | |||||||||||||
real estate owned | 75,548,000 | 52,083,000 | 48,821,000 | 65,447,000 | 46,661,000 | 29,690,000 | 25,248,000 | 19,999,000 | 22,085,000 | 23,570,000 | 21,076,000 | 26,717,000 | 28,403,000 | 20,738,000 | 20,866,000 | 24,533,000 | 24,681,000 | 37,002,000 | 35,295,000 | 35,557,000 | 23,598,000 | 24,794,000 | 24,044,000 | 25,054,000 | |||||||||||||
financial derivatives—assets, at fair value | 142,723,000 | 151,155,000 | 160,584,000 | 157,308,000 | 184,395,000 | 149,679,000 | 162,165,000 | 150,343,000 | 143,996,000 | 198,023,000 | 131,472,000 | 104,033,000 | 132,518,000 | 160,043,000 | 81,183,000 | 65,082,000 | 18,894,000 | 15,976,000 | 13,028,000 | 23,082,000 | 15,479,000 | 27,864,000 | 27,186,000 | 31,752,000 | |||||||||||||
reverse repurchase agreements | 453,037,000 | 365,716,000 | 348,389,000 | 334,145,000 | 336,743,000 | 331,630,000 | 85,671,000 | 183,607,000 | 173,145,000 | 175,197,000 | 183,676,000 | 180,934,000 | 226,444,000 | 204,654,000 | 179,394,000 | 131,243,000 | 123,250,000 | 38,062,000 | 160,412,000 | 96,783,000 | 38,640,000 | 47,041,000 | 31,427,000 | 13,239,000 | 1,669,433 | 1,395,132,000 | 1,188,831,000 | 1,287,992,000 | 965,272,000 | 660,933,000 | 883,322,000 | 921,406,000 | 896,210,000 | 884,216,000 | 801,901,000 | 899,502,003 | 476,723,000 |
due from brokers | 35,919,000 | 40,714,000 | 45,973,000 | 43,023,000 | 22,186,000 | 16,048,000 | 22,036,000 | 17,099,000 | 51,884,000 | 38,870,000 | 33,118,000 | 24,291,000 | 36,761,000 | 86,957,000 | 93,939,000 | 122,825,000 | 93,549,000 | 89,983,000 | 76,396,000 | 91,814,000 | 63,147,000 | 63,991,000 | 56,702,000 | 166,516,000 | 146,965 | 141,497,000 | 109,863,000 | 48,294,000 | |||||||||
investment related receivables | 177,208,000 | 159,614,000 | 170,657,000 | 184,431,000 | 189,081,000 | 208,861,000 | 195,557,000 | 200,059,000 | 480,249,000 | 167,447,000 | 183,222,000 | 163,029,000 | 139,413,000 | 172,826,000 | 132,161,000 | 134,460,000 | 122,175,000 | 97,721,000 | 75,781,000 | 67,338,000 | 49,317,000 | 67,540,000 | 62,098,000 | 408,332,000 | |||||||||||||
other assets | 26,446,000 | 28,276,000 | 32,983,000 | 32,073,000 | 32,804,000 | 32,381,000 | 67,201,000 | 75,422,000 | 77,099,000 | 95,866,000 | 100,853,000 | 90,105,000 | 76,791,000 | 5,215,000 | 6,281,000 | 3,959,000 | 3,710,000 | 3,608,000 | 4,229,000 | 3,499,000 | 2,575,000 | 2,850,000 | 3,276,000 | 5,453,000 | 1,935 | 2,525,000 | 1,709,000 | 1,125,000 | 410,000 | 497,000 | 821,000 | 1,024,000 | 216,000 | 234,000 | 364,396 | ||
total assets | 19,352,910,000 | 17,844,548,000 | 17,071,895,000 | 16,644,228,000 | 16,317,028,000 | 15,953,290,000 | 15,092,653,000 | 15,132,600,000 | 15,315,930,000 | 14,445,041,000 | 14,302,865,000 | 14,111,525,000 | 14,085,886,000 | 6,342,709,000 | 6,178,877,000 | 5,827,265,000 | 5,177,419,000 | 4,420,255,000 | 4,282,681,000 | 4,106,925,000 | 3,413,863,000 | 3,350,873,000 | 3,236,851,000 | 3,777,642,000 | 3,945,355 | 4,074,537,000 | 2,921,227,000 | 2,728,407,000 | 2,316,674,000 | 1,864,800,000 | 1,939,590,000 | 2,066,578,000 | 1,968,055,000 | 2,408,332,000 | 1,977,088,350 | 2,539,385,804 | 2,532,289,904 |
liabilities | |||||||||||||||||||||||||||||||||||||
securities sold short, at fair value | 272,702,000 | 234,046,000 | 264,511,000 | 264,511,000 | 293,574,000 | 304,918,000 | 51,858,000 | 165,118,000 | 154,303,000 | 163,832,000 | 161,718,000 | 158,302,000 | 209,203,000 | 199,542,000 | 176,155,000 | 79,679,000 | 120,525,000 | 30,294,000 | 145,374,000 | 96,398,000 | 38,642,000 | 51,493,000 | 31,471,000 | 13,291,000 | |||||||||||||
repurchase agreements | 2,655,444,000 | 2,800,964,000 | 2,347,458,000 | 2,568,627,000 | 2,584,040,000 | 2,642,052,000 | 2,301,976,000 | 2,517,747,000 | 2,967,437,000 | 2,573,043,000 | 2,557,864,000 | 2,285,898,000 | 2,609,685,000 | 2,895,019,000 | 2,865,222,000 | 2,717,638,000 | 2,469,763,000 | 2,105,836,000 | 1,916,749,000 | 1,909,511,000 | 1,496,931,000 | 1,439,984,000 | 1,294,549,000 | 2,034,225,000 | 172,001 | 47,039,000 | 30,537,000 | 41,188,000 | 42,614,000 | 13,780,000 | 36,748,000 | 13,650,000 | 15,750,000 | 18,035,000 | 22,437,500 | 40,125,000 | |
financial derivatives—liabilities, at fair value | 53,073,000 | 60,763,000 | 81,812,000 | 63,149,000 | 71,024,000 | 49,243,000 | 44,064,000 | 40,425,000 | 61,776,000 | 38,520,000 | 30,502,000 | 24,245,000 | 54,198,000 | 50,418,000 | 20,442,000 | 16,528,000 | 12,298,000 | 14,119,000 | 14,171,000 | 19,438,000 | 24,553,000 | 34,814,000 | 34,863,000 | 47,772,000 | |||||||||||||
due to brokers | 48,104,000 | 43,001,000 | 30,098,000 | 53,848,000 | 55,429,000 | 55,529,000 | 74,946,000 | 62,646,000 | 62,442,000 | 80,180,000 | 46,421,000 | 35,431,000 | 34,507,000 | 61,978,000 | 31,124,000 | 36,043,000 | 2,233,000 | 2,560,000 | 2,130,000 | 5,337,000 | 5,059,000 | 7,147,000 | 11,266,000 | 17,138,000 | 22,224 | 12,010,000 | 27,479,000 | 30,345,000 | |||||||||
investment related payables | 36,092,000 | 41,321,000 | 42,767,000 | 28,546,000 | 22,714,000 | 25,178,000 | 38,977,000 | 32,329,000 | 37,403,000 | 36,641,000 | 61,202,000 | 48,373,000 | 49,323,000 | 48,860,000 | 34,381,000 | 59,375,000 | 39,048,000 | 82,295,000 | 29,457,000 | 40,836,000 | 4,754,000 | 23,750,000 | 19,170,000 | ||||||||||||||
other secured borrowings | 296,398,000 | 189,203,000 | 340,289,000 | 268,173,000 | 253,300,000 | 284,897,000 | 217,225,000 | 180,918,000 | 245,827,000 | 301,131,000 | 242,900,000 | 363,640,000 | 276,058,000 | 40,900,000 | 45,455,000 | 47,941,000 | 96,622,000 | 90,981,000 | 86,374,000 | 64,506,000 | 51,062,000 | 142,674,000 | 156,089,000 | 177,855,000 | |||||||||||||
other secured borrowings, at fair value | 2,945,578,000 | 2,213,994,000 | 2,127,225,000 | 1,926,711,000 | 1,934,309,000 | 1,813,755,000 | 1,585,838,000 | 1,569,149,000 | 1,424,668,000 | 1,404,567,000 | 1,472,368,000 | 1,534,592,000 | 1,539,881,000 | 1,635,829,000 | 1,448,182,000 | 1,216,542,000 | 984,168,000 | 872,306,000 | 1,003,037,000 | 911,256,000 | 754,921,000 | 695,516,000 | 742,688,000 | 549,668,000 | |||||||||||||
hmbs-related obligations, at fair value | 10,406,332,000 | 10,117,649,000 | 9,814,811,000 | 9,495,132,000 | 9,150,883,000 | 8,790,589,000 | 8,832,058,000 | 8,619,463,000 | 8,423,235,000 | 8,181,922,000 | 8,055,288,000 | 7,975,916,000 | 7,787,155,000 | ||||||||||||||||||||||||
unsecured borrowings, at fair value | 659,832,000 | 251,927,000 | 249,036,000 | 247,337,000 | 281,912,000 | 278,128,000 | 269,069,000 | 270,936,000 | 272,765,000 | ||||||||||||||||||||||||||||
base management fee payable to affiliate | 6,869,000 | 6,173,000 | 6,270,000 | 6,092,000 | 5,888,000 | 6,031,000 | 5,811,000 | 5,730,000 | 5,660,000 | 4,890,000 | 4,913,000 | 4,956,000 | 4,641,000 | 3,950,000 | 3,990,000 | 4,266,000 | 3,115,000 | 3,675,000 | 3,355,000 | 3,277,000 | 3,178,000 | 2,981,000 | 2,906,000 | 2,443,000 | |||||||||||||
dividends payable | 19,428,000 | 18,597,000 | 17,495,000 | 17,015,000 | 16,611,000 | 15,892,000 | 15,158,000 | 15,168,000 | 11,528,000 | 14,343,000 | 14,183,000 | 14,043,000 | 12,243,000 | 11,732,000 | 11,657,000 | 11,615,000 | 10,375,000 | 9,149,000 | 7,963,000 | 5,740,000 | 5,738,000 | 5,299,000 | 5,293,000 | 7,952,000 | |||||||||||||
interest payable | 26,798,000 | 20,612,000 | 17,482,000 | 20,474,000 | 17,956,000 | 21,045,000 | 17,174,000 | 25,177,000 | 22,933,000 | 20,078,000 | 19,010,000 | 14,926,000 | 22,452,000 | 11,687,000 | 10,263,000 | 3,749,000 | 4,570,000 | 1,813,000 | 3,000,000 | 1,915,000 | 3,233,000 | 2,074,000 | 3,138,000 | 5,283,000 | |||||||||||||
accrued expenses and other liabilities | 55,105,000 | 50,478,000 | 43,131,000 | 42,464,000 | 38,566,000 | 40,384,000 | 64,640,000 | 74,638,000 | 90,341,000 | 98,742,000 | 106,514,000 | 91,115,000 | 73,819,000 | 8,650,000 | 8,945,000 | 15,061,000 | 22,098,000 | 20,943,000 | 23,117,000 | 19,708,000 | 18,659,000 | 11,119,000 | 7,730,000 | 8,001,000 | |||||||||||||
total liabilities | 17,481,755,000 | 16,048,728,000 | 15,382,385,000 | 15,006,612,000 | 14,726,206,000 | 14,327,641,000 | 13,518,794,000 | 13,579,444,000 | 13,780,318,000 | 13,107,624,000 | 12,958,208,000 | 12,736,762,000 | 12,865,000,000 | 5,162,080,000 | 4,944,422,000 | 4,504,327,000 | 3,853,863,000 | 3,324,985,000 | 3,327,577,000 | 3,163,549,000 | 2,492,291,000 | 2,478,596,000 | 2,399,172,000 | 2,968,161,000 | 3,156,811 | 3,262,430,000 | 2,290,104,000 | 2,090,549,000 | 1,796,072,000 | 1,366,150,000 | 1,544,315,000 | 1,670,314,000 | 1,597,139,000 | 2,031,658,000 | 1,592,234,758 | 2,146,552,825 | 2,223,316,529 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||
equity | 788,544 | 812,107,000 | 631,123,000 | 637,858,000 | 520,602,000 | ||||||||||||||||||||||||||||||||
preferred stock, 100,000,000 shares authorized;13,800,089 and 13,800,089 shares issued and outstanding, and 345,002 and 345,002 aggregate liquidation preference, respectively | 331,958,000 | ||||||||||||||||||||||||||||||||||||
common stock, par value 0.001 per share... | 113,000 | 106,000 | 98,000 | 94,000 | 91,000 | 91,000 | 85,000 | 85,000 | 83,000 | 68,000 | 67,000 | 67,000 | 64,000 | 61,000 | 60,000 | 60,000 | 58,000 | 52,000 | 44,000 | 44,000 | 44,000 | 44,000 | 44,000 | 44,000 | |||||||||||||
additional paid-in-capital | 1,915,152,000 | 1,818,381,000 | 1,707,544,000 | 1,661,528,000 | 1,613,540,000 | 1,613,740,000 | 1,541,002,000 | 1,540,857,000 | 1,514,797,000 | 1,323,124,000 | 1,308,158,000 | 1,308,107,000 | 1,259,352,000 | 1,213,493,000 | 1,205,916,000 | 1,199,958,000 | 1,161,603,000 | 1,057,939,000 | 915,817,000 | 915,577,000 | 915,658,000 | 916,038,000 | 916,186,000 | 916,006,000 | |||||||||||||
retained earnings | -412,964,000 | -384,724,000 | -374,048,000 | -379,316,000 | -375,113,000 | -362,146,000 | -343,853,000 | -363,034,000 | -353,360,000 | -333,622,000 | -309,587,000 | -282,262,000 | -290,881,000 | -285,680,000 | -225,259,000 | -133,370,000 | -97,279,000 | -105,699,000 | -103,409,000 | -116,799,000 | -141,521,000 | -191,986,000 | -226,368,000 | -252,701,000 | |||||||||||||
total stockholders' equity | 1,834,259,000 | 1,765,721,000 | 1,665,552,000 | 1,614,264,000 | 1,570,476,000 | 1,607,236,000 | 1,552,785,000 | 1,533,459,000 | 1,517,071,000 | 1,313,490,000 | 1,322,558,000 | 1,349,832,000 | 1,195,967,000 | 1,155,306,000 | 1,208,149,000 | 1,294,080,000 | 1,291,321,000 | 1,063,326,000 | 923,486,000 | 909,856,000 | 885,215,000 | 835,130,000 | 800,896,000 | 774,383,000 | |||||||||||||
non-controlling interests | 36,896,000 | 30,099,000 | 23,958,000 | 23,352,000 | 20,346,000 | 18,413,000 | 21,074,000 | 19,697,000 | 18,541,000 | 23,927,000 | 22,099,000 | 24,931,000 | 24,919,000 | 25,323,000 | 26,306,000 | 28,858,000 | 32,235,000 | 31,944,000 | 31,618,000 | 33,520,000 | 36,357,000 | 37,147,000 | 36,783,000 | 35,098,000 | 6,389 | 6,730,000 | 7,016,000 | ||||||||||
total equity | 1,871,155,000 | 1,795,820,000 | 1,689,510,000 | 1,637,616,000 | 1,590,822,000 | 1,625,649,000 | 1,573,859,000 | 1,553,156,000 | 1,535,612,000 | 1,337,417,000 | 1,344,657,000 | 1,374,763,000 | 1,220,886,000 | 1,180,629,000 | 1,234,455,000 | 1,322,938,000 | 1,323,556,000 | 1,095,270,000 | 955,104,000 | 943,376,000 | 921,572,000 | 872,277,000 | 837,679,000 | 809,481,000 | 788,544 | 812,107,000 | 631,123,000 | 637,858,000 | 520,602,000 | ||||||||
total liabilities and equity | 19,352,910,000 | 17,844,548,000 | 17,071,895,000 | 16,644,228,000 | 16,317,028,000 | 15,953,290,000 | 15,092,653,000 | 15,132,600,000 | 15,315,930,000 | 14,445,041,000 | 14,302,865,000 | 14,111,525,000 | 14,085,886,000 | 6,342,709,000 | 6,178,877,000 | 5,827,265,000 | 5,177,419,000 | 4,420,255,000 | 4,282,681,000 | 4,106,925,000 | 3,413,863,000 | 3,350,873,000 | 3,236,851,000 | 3,777,642,000 | 3,945,355 | 4,074,537,000 | 2,921,227,000 | 2,728,407,000 | 2,316,674,000 | ||||||||
preferred stock, par value 0.001 per share... | 331,958,000 | 331,958,000 | 331,958,000 | 331,958,000 | 355,551,000 | 355,551,000 | 355,551,000 | 355,551,000 | 323,920,000 | 323,920,000 | 323,920,000 | 227,432,000 | 227,432,000 | 227,432,000 | 227,432,000 | 226,939,000 | 111,034,000 | 111,034,000 | 111,034,000 | 111,034,000 | 111,034,000 | 111,034,000 | 111,034,000 | ||||||||||||||
incentive fee payable to affiliate | 4,533,000 | 3,246,000 | 5,255,000 | 7,157,000 | |||||||||||||||||||||||||||||||||
senior notes, at fair value | 189,735,000 | 185,325,000 | 185,325,000 | 191,835,000 | 193,515,000 | 202,650,000 | 210,000,000 | ||||||||||||||||||||||||||||||
senior notes | 85,956,000 | 85,890,000 | 85,802,000 | 85,759,000 | 85,693,000 | 85,627,000 | 85,561,000 | 85,495,000 | 85,429,000 | 85,363,000 | |||||||||||||||||||||||||||
investments, financial derivatives, and repurchase agreements: | |||||||||||||||||||||||||||||||||||||
investments, at fair value | 2,172,082 | 2,440,828,000 | 1,753,832,000 | ||||||||||||||||||||||||||||||||||
financial derivatives–assets, at fair value | 80,029 | 56,366,000 | 59,470,000 | ||||||||||||||||||||||||||||||||||
total investments, financial derivatives, and repurchase agreements | 2,424,112 | 2,544,233,000 | 1,843,839,000 | 1,798,587,000 | 1,614,788,000 | 1,238,766,000 | |||||||||||||||||||||||||||||||
receivable for securities sold | 1,237,592 | 1,246,205,000 | 813,166,000 | 672,035,000 | 609,239,000 | 524,533,000 | 611,866,000 | 642,218,000 | 533,708,000 | 890,429,000 | 553,564,172 | 957,821,029 | 1,026,530,501 | ||||||||||||||||||||||||
interest and principal receivable | 20,611 | 10,953,000 | 7,618,000 | 6,571,000 | 5,507,000 | 6,587,000 | 7,129,000 | 6,138,000 | 6,127,000 | 7,598,000 | 7,318,245 | 5,459,061 | 5,243,224 | ||||||||||||||||||||||||
investments and financial derivatives: | |||||||||||||||||||||||||||||||||||||
investments sold short, at fair value | 1,291,370 | 1,221,894,000 | 852,846,000 | ||||||||||||||||||||||||||||||||||
financial derivatives–liabilities, at fair value | 66,116 | 47,331,000 | 48,378,000 | ||||||||||||||||||||||||||||||||||
total investments and financial derivatives | 1,357,486 | 1,269,225,000 | 901,224,000 | 627,465,000 | 668,246,000 | 476,989,000 | 523,204,000 | 607,150,000 | 489,434,000 | 597,658,000 | 551,143,060 | 752,734,352 | 1,361,332,349 | ||||||||||||||||||||||||
payable for securities purchased | 98,747 | 576,455,000 | 164,792,000 | 136,084,000 | 132,750,000 | 178,453,000 | 83,300,000 | 70,688,000 | 127,517,000 | 453,464,000 | 117,933,004 | 350,788,458 | 707,793,904 | ||||||||||||||||||||||||
securitized debt | 774 | 870,000 | 925,000 | 1,168,000 | 1,205,000 | 1,439,000 | 1,415,000 | 1,485,000 | |||||||||||||||||||||||||||||
accounts payable and accrued expenses | 2,798 | 2,144,000 | 2,209,000 | 1,917,000 | 1,929,000 | 1,627,000 | 2,102,000 | 1,500,000 | 1,845,000 | 1,888,000 | 2,426,071 | 2,921,471 | 2,520,190 | ||||||||||||||||||||||||
base management fee payable | 2,963 | 3,056,000 | 2,368,000 | 2,405,000 | 1,967,000 | 1,913,000 | 1,497,000 | 1,492,000 | 1,396,000 | ||||||||||||||||||||||||||||
incentive fee payable | 1,400,000 | 1,182,000 | 2,055,000 | 9,491,000 | 2,312,000 | ||||||||||||||||||||||||||||||||
interest and dividends payable | 2,386 | 2,138,000 | 2,276,000 | 1,680,000 | 1,049,000 | 741,000 | 778,000 | 1,096,000 | 1,002,000 | 950,000 | 877,576 | 1,121,190 | 471,850 | ||||||||||||||||||||||||
analysis of equity: | |||||||||||||||||||||||||||||||||||||
common shares, no par value, 100,000,000 shares authorized; | 362,047,000 | ||||||||||||||||||||||||||||||||||||
additional paid-in capital – ltip units | 9,344 | 9,269,000 | 9,245,000 | 9,066,000 | 9,023,000 | 8,958,000 | 8,926,000 | 8,897,000 | 8,870,000 | 8,829,114 | 8,791,188 | ||||||||||||||||||||||||||
total shareholders' equity | 782,155 | 805,377,000 | 624,107,000 | 633,162,000 | 515,848,000 | ||||||||||||||||||||||||||||||||
per share information: | |||||||||||||||||||||||||||||||||||||
common shares | 23.38 | 24,080 | 24,530 | 24,920 | 25,280 | 24,340 | 24,030 | 24,090 | 22,550 | ||||||||||||||||||||||||||||
investments at fair value | 1,710,422,000 | 1,535,924,000 | 1,165,644,000 | 1,131,242,000 | 1,225,584,000 | 1,212,483,000 | |||||||||||||||||||||||||||||||
financial derivatives – assets at fair value | 46,977,000 | 36,250,000 | 59,342,000 | 74,304,000 | 94,056,000 | ||||||||||||||||||||||||||||||||
investments sold short at fair value | 608,922,000 | 649,756,000 | 456,824,000 | 494,524,000 | 579,852,000 | 462,394,000 | |||||||||||||||||||||||||||||||
financial derivatives – liabilities at fair value | 18,543,000 | 18,490,000 | 20,165,000 | 28,680,000 | 27,298,000 | ||||||||||||||||||||||||||||||||
other payables | 311,000 | ||||||||||||||||||||||||||||||||||||
non-controlling interest | 4,696,000 | 4,754,000 | |||||||||||||||||||||||||||||||||||
deposits with dealers held as collateral | 21,977,000 | 25,194,000 | 29,360,000 | 32,362,000 | 34,163,000 | 36,669,000 | 20,397,115 | 21,871,335 | 18,083,499 | ||||||||||||||||||||||||||||
due to brokers on margin accounts | 21,599,000 | 34,564,000 | 46,385,000 | 65,497,000 | 79,735,000 | 92,064,000 | |||||||||||||||||||||||||||||||
shareholders’ equity | 498,650,000 | 395,275,000 | 396,264,000 | 370,916,000 | 376,674,000 | 384,853,592 | 392,832,979 | 308,973,375 | |||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 1,864,800,000 | 1,939,590,000 | 2,066,578,000 | 1,968,055,000 | 2,408,332,000 | 1,977,088,350 | 2,539,385,804 | 2,532,289,904 | |||||||||||||||||||||||||||||
analysis of shareholders’ equity: | |||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 498,650,000 | 395,275,000 | 396,264,000 | 370,916,000 | 376,674,000 | 384,853,592 | 392,832,979 | 308,973,375 | |||||||||||||||||||||||||||||
investments, financial derivatives and repurchase agreements: | |||||||||||||||||||||||||||||||||||||
total investments, financial derivatives and repurchase agreements | 1,242,294,000 | 1,333,290,000 | 1,331,104,000 | 1,431,791,000 | 1,350,007,099 | 1,512,305,652 | |||||||||||||||||||||||||||||||
financial derivatives—assets at fair value | 102,871,000 | ||||||||||||||||||||||||||||||||||||
financial derivatives—liabilities at fair value | 27,040,000 | ||||||||||||||||||||||||||||||||||||
additional paid-in capital—ltip units | 8,869,000 | ||||||||||||||||||||||||||||||||||||
investments at value | 1,302,351,000 | 1,201,857,332 | 1,311,512,941 | 1,214,179,036 | |||||||||||||||||||||||||||||||||
financial derivatives – assets | 111,405,000 | ||||||||||||||||||||||||||||||||||||
investments sold short at value | 562,670,000 | 540,155,406 | 742,878,066 | 893,250,608 | |||||||||||||||||||||||||||||||||
financial derivatives – liabilities | 34,988,000 | 10,987,654 | 9,856,286 | ||||||||||||||||||||||||||||||||||
accrued base management fee | 1,418,000 | 1,448,634 | 3,005,791 | 1,172,513 | |||||||||||||||||||||||||||||||||
accrued incentive fees | 1,891,542 | 2,524,272 | |||||||||||||||||||||||||||||||||||
common shares, no par value | 22,840 | 23.31 | 23.8 | 25.78 | |||||||||||||||||||||||||||||||||
financial derivatives - assets | 125,712,267 | 160,667,711 | 147,153,313 | ||||||||||||||||||||||||||||||||||
due to brokers – margin accounts | 116,505,413 | 134,588,018 | |||||||||||||||||||||||||||||||||||
prepaid insurance | 488,583 | 249,005 | |||||||||||||||||||||||||||||||||||
deferred offering costs | 3,139,102 | ||||||||||||||||||||||||||||||||||||
financial derivatives - liabilities | 33,054,923 | ||||||||||||||||||||||||||||||||||||
due to brokers - margin accounts | 105,805,269 | ||||||||||||||||||||||||||||||||||||
additional paid-in capital - ltip units | 8,758,054 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||
net income | |||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||
amortization of premiums and accretion of discounts | |||||||||||||||
realized losses on securities and loans | |||||||||||||||
realized losses on financial derivatives | |||||||||||||||
realized losses on real estate owned | |||||||||||||||
realized gains other | |||||||||||||||
unrealized losses on securities and loans | |||||||||||||||
unrealized losses on financial derivatives | |||||||||||||||
unrealized losses on real estate owned | |||||||||||||||
unrealized gains other | |||||||||||||||
realized gains other (net) - foreign currency transaction | |||||||||||||||
unrealized gains other (net) foreign currency translation | |||||||||||||||
bargain purchase | |||||||||||||||
non-cash compensation expense related to business combination | |||||||||||||||
net change from reverse mortgage loans held-for-investment, at fair value | |||||||||||||||
net change related to hmbs obligations, at fair value | |||||||||||||||
net change related to forward msr-related investments, at fair value | |||||||||||||||
valuation adjustment and deletions of mortgage servicing rights | |||||||||||||||
unrealized losses on loan commitments | |||||||||||||||
shares issued in connection with incentive fee payment | 444,000 | 444,000 | |||||||||||||
equity-based compensation expense | |||||||||||||||
interest income related to consolidated securitization trust | |||||||||||||||
interest expense related to consolidated securitization trust | |||||||||||||||
debt issuance costs related to other secured borrowings, at fair value | -3,677,000 | -2,280,000 | -5,103,000 | ||||||||||||
debt issuance costs related to unsecured borrowings, at fair value | |||||||||||||||
losses from investments in unconsolidated entities | |||||||||||||||
decrease in originations, purchases, and fundings of mortgage loans held-for-sale | |||||||||||||||
changes in operating asset and liabilities: | |||||||||||||||
decrease in interest and principal receivable | |||||||||||||||
decrease in other assets | |||||||||||||||
increase in base management fee payable to affiliate | |||||||||||||||
increase in interest payable | |||||||||||||||
increase in accrued expenses and other liabilities | |||||||||||||||
proceeds from sale and collections of mortgage loans held-for-sale | |||||||||||||||
net cash from operating activities | -627,347,000 | -336,913,000 | -126,397,000 | -289,745,000 | -148,056,000 | -59,461,000 | -162,904,000 | -92,010,000 | -48,662,000 | 70,204,000 | 81,339,000 | 32,931,000 | 58,832,000 | 44,168,000 | 9,164,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -627,347,000 | -336,913,000 | -126,397,000 | -289,745,000 | -148,056,000 | -59,461,000 | -162,904,000 | -92,010,000 | -48,662,000 | 70,204,000 | 81,339,000 | 32,931,000 | 58,832,000 | 44,168,000 | 9,164,000 |
ellington financial inc. | |||||||||||||||
consolidated statements of cash flows | |||||||||||||||
cash flows from investing activities: | |||||||||||||||
purchase of securities | -791,699,000 | -523,027,000 | -252,166,000 | -644,770,000 | -505,138,000 | -266,368,000 | -1,742,351,000 | -1,243,577,000 | -440,666,000 | -1,034,217,000 | -718,960,000 | -388,759,000 | -1,770,962,000 | -1,329,629,000 | -761,382,000 |
purchase and origination of loans | -4,700,919,000 | -2,833,936,000 | -1,345,224,000 | -3,065,592,000 | -1,790,386,000 | -905,310,000 | |||||||||
receipt of distributions on forward msr-related investments | 21,194,000 | 14,169,000 | 8,047,000 | 23,211,000 | 15,491,000 | 8,537,000 | |||||||||
capital improvements of real estate owned | -37,000 | -29,000 | -26,000 | -137,000 | -75,000 | -2,205,000 | -1,893,000 | -473,000 | |||||||
proceeds from disposition of securities | 867,160,000 | 566,191,000 | 276,882,000 | 1,153,508,000 | 938,798,000 | 737,308,000 | 1,525,663,000 | 1,130,556,000 | 507,153,000 | 1,069,959,000 | 659,827,000 | 412,385,000 | 1,090,836,000 | 772,618,000 | 285,767,000 |
proceeds from disposition of loans | 480,129,000 | 457,423,000 | 76,241,000 | 194,088,000 | 173,729,000 | 52,402,000 | 29,491,000 | 17,984,000 | 27,502,000 | 19,520,000 | 19,520,000 | 1,064,000 | 1,064,000 | ||
contributions to investments in unconsolidated entities | -227,492,000 | -137,508,000 | -62,263,000 | -89,653,000 | -53,968,000 | -15,659,000 | -47,834,000 | -44,555,000 | -5,654,000 | -15,254,000 | -10,294,000 | -2,678,000 | -9,171,000 | -7,497,000 | 200,000 |
distributions from investments in unconsolidated entities | 358,713,000 | 156,919,000 | 88,057,000 | 193,604,000 | 154,831,000 | 27,533,000 | 134,060,000 | 87,804,000 | 42,530,000 | 202,818,000 | 170,513,000 | 110,042,000 | 119,395,000 | 70,211,000 | 12,971,000 |
increase in cash resulting from business combinations | |||||||||||||||
proceeds from disposition of real estate owned | 56,225,000 | 38,645,000 | 10,846,000 | 36,393,000 | 20,739,000 | 13,091,000 | 24,063,000 | 19,109,000 | 13,082,000 | 5,198,000 | 5,147,000 | 499,000 | 1,335,000 | 630,000 | 336,000 |
proceeds from fha insurance claims and other receivables on hecm loans | 88,719,000 | 54,059,000 | 24,558,000 | 45,151,000 | 24,540,000 | 11,813,000 | |||||||||
proceeds from principal payments of securities | 127,866,000 | 85,449,000 | 40,447,000 | 116,124,000 | 85,211,000 | 35,043,000 | 127,309,000 | 87,527,000 | 38,440,000 | 259,252,000 | 181,108,000 | 93,950,000 | 357,692,000 | 225,901,000 | 108,082,000 |
proceeds from principal payments of loans | 1,723,296,000 | 1,096,777,000 | 553,655,000 | 1,904,823,000 | 1,346,362,000 | 637,627,000 | 1,946,981,000 | 1,198,081,000 | 536,983,000 | 484,637,000 | 279,580,000 | 143,039,000 | 225,426,000 | 136,328,000 | 53,586,000 |
proceeds from securities sold short | 838,175,000 | 605,071,000 | 424,068,000 | 335,500,000 | 62,791,000 | 21,942,000 | 288,283,000 | 171,429,000 | 127,172,000 | 776,902,000 | 622,122,000 | 327,126,000 | 377,784,000 | 242,239,000 | 86,373,000 |
repurchase of securities sold short | -906,721,000 | -642,838,000 | -459,478,000 | -188,563,000 | -164,178,000 | -10,046,000 | -332,556,000 | -219,746,000 | -180,963,000 | -675,663,000 | -553,190,000 | -358,377,000 | -384,275,000 | -133,798,000 | -25,219,000 |
payments on financial derivatives | -300,069,000 | -196,336,000 | -106,692,000 | -215,825,000 | -117,798,000 | -77,127,000 | -201,306,000 | -157,895,000 | -93,263,000 | -86,868,000 | -60,210,000 | -17,257,000 | -41,821,000 | -31,732,000 | -14,566,000 |
proceeds from financial derivatives | 288,524,000 | 188,318,000 | 111,555,000 | 202,759,000 | 128,609,000 | 82,030,000 | 216,473,000 | 145,458,000 | 70,235,000 | 165,384,000 | 122,232,000 | 40,427,000 | 41,283,000 | 34,018,000 | 18,138,000 |
increase in cash resulting from consolidation of securitization trust | 6,790,000 | 6,790,000 | |||||||||||||
payments made on reverse repurchase agreements | -47,360,579,000 | -32,980,362,000 | -16,388,125,000 | -24,988,708,000 | -13,936,362,000 | -8,351,628,000 | -27,907,320,000 | -18,857,421,000 | -10,437,812,000 | -26,676,129,000 | -16,595,096,000 | -8,765,502,000 | -15,049,417,000 | -7,242,821,000 | -1,866,265,000 |
proceeds from reverse repurchase agreements | 47,333,180,000 | 32,970,398,000 | 16,392,237,000 | 24,830,540,000 | 14,023,105,000 | 8,340,599,000 | 27,958,839,000 | 18,901,283,000 | 10,484,229,000 | 26,592,168,000 | 16,537,455,000 | 8,757,165,000 | 15,046,818,000 | 7,118,141,000 | 1,806,591,000 |
due from brokers | -20,018,000 | -26,160,000 | -25,988,000 | 34,714,000 | 28,624,000 | 35,199,000 | 9,413,000 | 3,891,000 | 56,000 | 17,949,000 | 17,579,000 | 16,941,000 | -628,000 | 670,000 | 6,044,000 |
due to brokers | -27,909,000 | -22,754,000 | -430,000 | 9,006,000 | 27,471,000 | 15,986,000 | 47,809,000 | 12,299,000 | -4,557,000 | 59,325,000 | 28,405,000 | 22,484,000 | -82,000 | -298,000 | 2,088,000 |
net cash from investing activities | -2,152,225,000 | -1,129,502,000 | -633,773,000 | -106,900,000 | 469,261,000 | 392,972,000 | -121,537,000 | -135,267,000 | -18,726,000 | -1,585,858,000 | -1,309,130,000 | -592,459,000 | -1,222,104,000 | -879,123,000 | -590,296,000 |
cash flows from financing activities: | |||||||||||||||
net proceeds from the issuance of common stock | 205,681,000 | 95,548,000 | 50,976,000 | 100,202,000 | 26,903,000 | 26,903,000 | 75,194,000 | 60,611,000 | 60,611,000 | 53,342,000 | 45,301,000 | 38,524,000 | 141,619,000 | ||
net proceeds from the issuance of preferred stock | 96,850,000 | 96,850,000 | 96,850,000 | 511,000 | 511,000 | 506,000 | |||||||||
offering costs paid | -76,000 | -40,000 | -10,000 | -688,000 | -505,000 | -212,000 | -635,000 | -501,000 | -45,000 | -757,000 | -658,000 | -540,000 | -482,000 | ||
repurchase of common stock | -685,000 | -685,000 | -524,000 | -12,352,000 | -12,352,000 | -12,072,000 | -1,659,000 | -1,164,000 | |||||||
redemption of preferred stock | |||||||||||||||
dividends paid | -134,112,000 | -87,515,000 | -42,863,000 | -121,172,000 | -80,277,000 | -39,950,000 | -107,223,000 | -70,411,000 | -33,981,000 | -91,459,000 | -60,234,000 | -29,105,000 | -58,469,000 | -34,553,000 | -15,273,000 |
contributions from non-controlling interests | 22,491,000 | 11,913,000 | 5,274,000 | 9,567,000 | 8,798,000 | 1,040,000 | 6,690,000 | 1,829,000 | 816,000 | 11,853,000 | 10,840,000 | 6,424,000 | 10,744,000 | 6,528,000 | 1,159,000 |
distributions to non-controlling interests | -18,178,000 | -12,764,000 | -6,076,000 | -9,115,000 | -7,923,000 | -1,589,000 | -9,789,000 | -6,237,000 | -1,065,000 | -16,206,000 | -15,044,000 | -9,181,000 | -20,342,000 | -15,336,000 | -5,923,000 |
purchase of non-controlling interests | -729,000 | ||||||||||||||
payments on cancellation of employee stock options | |||||||||||||||
proceeds from issuance of other secured borrowings | 1,752,463,000 | 1,237,735,000 | 576,615,000 | 1,332,320,000 | 784,870,000 | 334,718,000 | 1,323,595,000 | 859,817,000 | 400,278,000 | 15,063,000 | 15,063,000 | 11,632,000 | 64,837,000 | 47,343,000 | 20,634,000 |
principal payments on other secured borrowings | -1,739,250,000 | -1,150,746,000 | -561,742,000 | -1,293,250,000 | -813,472,000 | -399,627,000 | -1,368,132,000 | -962,585,000 | -380,616,000 | -27,066,000 | -22,511,000 | -16,593,000 | -25,718,000 | -12,831,000 | -7,990,000 |
borrowings under repurchase agreements | 40,304,114,000 | 30,241,488,000 | 18,032,281,000 | 48,256,900,000 | 30,566,951,000 | 15,281,381,000 | 28,939,166,000 | 20,231,187,000 | 9,785,538,000 | 9,074,510,000 | 5,179,777,000 | 2,210,217,000 | 4,131,514,000 | 3,081,092,000 | 1,495,139,000 |
repayments of repurchase agreements | -38,156,823,000 | -29,237,631,000 | -17,456,164,000 | -48,121,677,000 | -30,928,401,000 | -15,589,965,000 | -28,834,355,000 | -20,141,555,000 | -9,967,872,000 | -8,392,715,000 | -4,671,100,000 | -1,918,489,000 | -3,482,991,000 | -2,621,656,000 | -1,043,777,000 |
proceeds from issuance of other secured borrowings, at fair value | 62,472,000 | 46,425,000 | 66,476,000 | 18,271,000 | 18,271,000 | 857,578,000 | 687,977,000 | 358,388,000 | 534,477,000 | 534,477,000 | 211,187,000 | ||||
repayment of other secured borrowings, at fair value | -111,529,000 | -111,529,000 | |||||||||||||
net proceeds from unsecured borrowings, at fair value | |||||||||||||||
repayment of unsecured borrowings, at fair value | -34,931,000 | -34,931,000 | -34,931,000 | ||||||||||||
proceeds from issuance of hmbs | 1,141,888,000 | 777,542,000 | 383,502,000 | 1,003,362,000 | 650,724,000 | 292,702,000 | 1,096,682,000 | 728,139,000 | 332,845,000 | ||||||
principal payments on hmbs-related obligations, at fair value | -627,899,000 | -399,738,000 | -181,200,000 | -814,011,000 | |||||||||||
net cash from financing activities | 2,776,202,000 | 1,488,097,000 | 768,537,000 | 394,403,000 | -347,139,000 | -370,246,000 | 238,840,000 | 201,605,000 | 35,675,000 | 1,598,048,000 | 1,359,406,000 | 830,396,000 | 1,155,242,000 | 858,003,000 | 618,835,000 |
net increase in cash, cash equivalents, and restricted cash | -3,370,000 | 21,682,000 | 8,367,000 | -2,242,000 | -25,934,000 | -36,735,000 | -45,601,000 | -25,672,000 | -31,713,000 | 82,394,000 | 131,615,000 | 270,868,000 | -8,030,000 | 23,048,000 | 37,703,000 |
cash, cash equivalents, and restricted cash, beginning of period | 208,948,000 | 208,948,000 | 208,948,000 | 230,545,000 | 230,545,000 | 230,545,000 | 221,869,000 | 221,869,000 | 221,869,000 | 92,836,000 | 92,836,000 | 92,836,000 | 111,822,000 | 111,822,000 | 111,822,000 |
cash, cash equivalents, and restricted cash, end of period | 205,578,000 | 230,630,000 | 217,315,000 | 228,303,000 | 204,611,000 | 193,810,000 | 176,268,000 | 196,197,000 | 190,156,000 | 175,230,000 | 224,451,000 | 363,704,000 | 103,792,000 | 134,870,000 | 149,525,000 |
reconciliation of cash, cash equivalents, and restricted cash | |||||||||||||||
cash and cash equivalents, beginning of period | 192,387,000 | 192,387,000 | 192,387,000 | 228,927,000 | 228,927,000 | ||||||||||
restricted cash, beginning of period | 16,561,000 | 16,561,000 | 16,561,000 | 1,618,000 | 1,618,000 | ||||||||||
cash and cash equivalents and restricted cash, beginning of period | 208,948,000 | 208,948,000 | 208,948,000 | 230,545,000 | 230,545,000 | ||||||||||
cash and cash equivalents, end of period | 184,809,000 | 211,013,000 | 203,288,000 | 217,725,000 | 198,513,000 | ||||||||||
restricted cash, end of period | 20,769,000 | 19,617,000 | 14,027,000 | 10,578,000 | 6,098,000 | ||||||||||
cash and cash equivalents and restricted cash, end of period | 205,578,000 | 230,630,000 | 217,315,000 | 228,303,000 | 204,611,000 | ||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||
interest paid | 215,255,000 | 146,769,000 | 76,213,000 | 212,880,000 | 143,097,000 | ||||||||||
income tax paid | 884,000 | 429,000 | 11,000 | 294,000 | 260,000 | ||||||||||
dividends payable | 18,597,000 | 17,495,000 | 17,015,000 | 15,892,000 | 15,158,000 | ||||||||||
common shares issued in connection with merger transaction | |||||||||||||||
preferred shares issued in connection with merger transaction | |||||||||||||||
share-based long term incentive plan unit awards | |||||||||||||||
transfers from mortgage loans to real estate owned | 71,311,000 | 47,803,000 | 33,878,000 | 48,396,000 | 26,948,000 | ||||||||||
transfers from mortgage loans to other sales and claims receivable | 88,242,000 | 53,995,000 | 24,143,000 | 46,486,000 | 26,031,000 | ||||||||||
transfers from mortgage loans to investments in unconsolidated entities | 42,701,000 | 30,049,000 | 28,000,000 | 143,936,000 | 122,836,000 | ||||||||||
transfers from investments in unconsolidated entities to mortgage loans | 21,890,000 | 21,890,000 | |||||||||||||
transfers from corporate loans to investments in unconsolidated entities | |||||||||||||||
transfers of hmbs obligations to third-party related to termination of hecm ct agreement, at fair value | -305,381,000 | ||||||||||||||
transfers of reverse mortgage loans to third-party related to termination of hecm ct agreement, at fair value | 305,196,000 | ||||||||||||||
transfers from securities to corporate loans | 500,000 | 500,000 | |||||||||||||
transfers from securities to residential mortgage loans | 60,000 | 60,000 | |||||||||||||
transfers from other secured borrowings to reverse repurchase agreements | |||||||||||||||
transfers of hmbs obligations, at fair value | -7,923,000 | -3,558,000 | -5,523,000 | ||||||||||||
purchase of investments | -116,497,000 | -66,880,000 | -33,377,000 | -16,488,000 | -16,488,000 | ||||||||||
purchase of loans | -1,829,930,000 | -1,070,830,000 | -2,280,632,000 | -1,452,192,000 | -675,665,000 | -2,758,684,000 | -2,014,793,000 | -1,003,464,000 | -1,225,176,000 | -733,275,000 | -302,567,000 | ||||
loans acquired in consolidation of securitization trust | -52,368,000 | -52,368,000 | |||||||||||||
proceeds from the disposition of loans | 3,815,766,000 | 2,277,118,000 | 663,411,000 | 189,921,000 | 189,921,000 | ||||||||||
proceeds from principal payments of investments | 143,766,000 | 93,961,000 | 39,099,000 | 106,417,000 | 69,559,000 | ||||||||||
proceeds from borrowings under repurchase agreements | 77,310,000 | ||||||||||||||
principal payments on other secured borrowings, at fair value | -144,167,000 | -94,360,000 | -39,590,000 | -115,638,000 | -74,196,000 | ||||||||||
condensed consolidated statements of cash flows | |||||||||||||||
proceeds received from other secured borrowings, at fair value | 280,981,000 | 176,229,000 | 303,195,000 | 144,218,000 | |||||||||||
other secured borrowings, at fair value assumed in consolidation of securitization trust | 58,195,000 | 58,195,000 | |||||||||||||
amortization of deferred debt issuance costs | |||||||||||||||
increase in incentive fee payable to affiliate | |||||||||||||||
purchase of controlling interest in longbridge financial | |||||||||||||||
proceeds from issuance of unsecured borrowings, at fair value | |||||||||||||||
repayment of unsecured borrowings | |||||||||||||||
expressed in u.s. dollars | |||||||||||||||
principal payments on hmbs related obligations, at fair value | -560,014,000 | -278,440,000 | -954,353,000 | -587,784,000 | -262,386,000 | ||||||||||
proceeds from fha insurance claims on hecm loans | 82,115,000 | 64,727,000 | |||||||||||||
proceeds from issuance of senior notes, at fair value | 206,385,000 | 206,385,000 | 210,000,000 | ||||||||||||
repayment of senior notes | -86,000,000 | ||||||||||||||
realized (gains) losses on securities and loans | |||||||||||||||
realized (gains) losses on financial derivatives | |||||||||||||||
realized (gains) losses on real estate owned | |||||||||||||||
unrealized (gains) losses on securities and loans | |||||||||||||||
unrealized (gains) losses on financial derivatives | |||||||||||||||
unrealized (gains) losses on real estate owned | |||||||||||||||
bargain purchase gain | |||||||||||||||
unrealized (gains) losses on loan commitments | |||||||||||||||
debt issuance costs related to senior notes, at fair value | |||||||||||||||
(earnings) losses from investments in unconsolidated entities | |||||||||||||||
increase originations and purchases of mortgage loans held-for-sale | |||||||||||||||
increase in interest and principal receivable | |||||||||||||||
increase in other assets | |||||||||||||||
proceeds from sale of mortgage loans held-for-sale | |||||||||||||||
increase in cash resulting from longbridge financial purchase transaction | |||||||||||||||
unrealized (gains) losses other | |||||||||||||||
realized (gains) losses other, net—foreign currency transaction | |||||||||||||||
unrealized (gains) losses other, net—foreign currency translation | |||||||||||||||
share-based long term incentive plan unit expense | |||||||||||||||
consolidated statement of cash flows | |||||||||||||||
debt issuance costs paid | |||||||||||||||
increase in cash and cash equivalents: | |||||||||||||||
net increase in shareholders’ equity | |||||||||||||||
resulting from operations | |||||||||||||||
reconciliation of the net increase in shareholders’ equity resulting from operations to net cash from operating activities: | |||||||||||||||
change in net unrealized (gain) loss on investments and financial derivatives | |||||||||||||||
net realized (gain) loss on investments and financial derivatives | |||||||||||||||
proceeds from disposition of investments | |||||||||||||||
proceeds from investments sold short | |||||||||||||||
repurchase of investments sold short | |||||||||||||||
payments made to open financial derivatives | |||||||||||||||
proceeds received to close financial derivatives | |||||||||||||||
proceeds received to open financial derivatives | |||||||||||||||
payments made to close financial derivatives | |||||||||||||||
share-based ltip expense | |||||||||||||||
increase in assets: | |||||||||||||||
increase in repurchase agreements | |||||||||||||||
increase in receivable for securities sold | |||||||||||||||
increase in deposits with dealers held as collateral | |||||||||||||||
increase in liabilities: | |||||||||||||||
decrease in due to brokers on margin accounts | |||||||||||||||
decrease in payable for securities purchased | |||||||||||||||
increase in accounts payable and accrued expenses | |||||||||||||||
increase in incentive fee payable | |||||||||||||||
increase in interest and dividends payable | |||||||||||||||
increase in base management fee payable | |||||||||||||||
proceeds from issuance of securitized debt | |||||||||||||||
principal payments on securitized debt | |||||||||||||||
reverse repurchase agreements, net of repayments | |||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||
share-based ltip awards | |||||||||||||||
aggregate tba trade activity | |||||||||||||||
• | |||||||||||||||
increase in payable for securities purchased | |||||||||||||||
increase in due to brokers - margin accounts | |||||||||||||||
shares repurchased | |||||||||||||||
increase in prepaid insurance | |||||||||||||||
net increase in shareholders’ equity resulting from operations | |||||||||||||||
deferred offering costs paid | |||||||||||||||
special distribution to ellington financial management llc |