MFA Stock Cash Flow Statements

MFA Financial Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

MFA Financial Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	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	2018-03-31	2017-06-30	2016-03-31	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31

cash flows from operating activities:
net income/	33,184,000	41,176,000	5,909,000	48,183,000	41,946,000	23,213,000	89,746,000	-56,438,000	-25,928,000	72,784,000					44,123,000	132,511,000	66,714,000	85,522,000																									66,837,000	69,106,000	53,673,000
adjustments to reconcile net income/(loss) to net cash from operating activities:
net (gain)/loss on residential whole loans	-34,365,000	-55,757,000	98,455,000	-146,956,000	-16,821,000	11,095,000	-221,802,000	132,894,000	130,703,000	-129,174,000
impairment and other net (gain)/loss on securities and other portfolio investments	-6,643,000	-21,188,000	25,787,000	-22,712,000	2,003,000	4,112,000	-22,200,000	13,504,000	4,570,000	-2,932,000
net (gain)/loss on real estate owned
accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities	-1,928,000	741,000	773,000	576,000	-3,514,000	-3,327,000	-4,318,000	-4,314,000	-5,829,000	-4,507,000
provision/(reversal of provision) for credit losses on residential whole loans and other assets	791,000	145,000	397,000	-1,942,000	-1,053,000	649,000					-270,000	238,000
net (gain)/loss on derivatives used for risk management purposes	15,391,000	44,842,000	-46,633,000	57,100,000	10,237,000	-23,182,000
net (gain)/loss on securitized debt measured at fair value through earnings	3,712,000	18,575,000	-47,266,000	71,475,000	7,597,000	20,169,000
net margin received/(paid) for derivatives used for risk management purposes	-12,316,000	-83,136,000	31,944,000	-30,358,000	4,249,000	-5,112,000
net other non-cash (gains)/losses included in net income	30,624,000	12,061,000	9,168,000	37,911,000	8,085,000	14,103,000								-134,618,000
(increase)/decrease in other assets	-744,000	30,747,000	39,360,000	-27,554,000	-6,071,000	19,397,000	7,715,000	-37,848,000	-23,275,000	-27,522,000				78,454,000
increase/(decrease) in other liabilities	7,807,000	-4,267,000	-6,433,000	3,202,000	1,603,000	-6,915,000	51,278,000	-3,919,000	4,131,000	11,471,000				609,000			6,860,000	4,975,000
net cash provided by/(used in) operating activities	38,458,000	-14,564,000	111,447,000	-11,274,000	46,480,000	53,467,000
cash flows from investing activities:
purchases and origination of residential whole loans, loan related investments and capitalized advances	-743,848,000	-607,825,000	-729,305,000	-567,003,000	-691,878,000	-761,214,000	-763,181,000	-810,961,000	-881,761,000	-459,012,000
proceeds from sales of residential whole loans	64,771,000	72,261,000	246,441,000	241,306,000	14,732,000	151,664,000	80,721,000	2,243,000	-322,000	263,014,000										15,602,000
principal payments on residential whole loans and loan related investments	643,220,000	586,807,000	591,461,000	608,605,000	599,787,000	402,354,000	375,015,000	375,752,000	373,366,000	321,626,000	341,939,000	402,363,000	567,386,000	567,114,000	579,702,000	515,646,000	492,253,000	425,300,000
purchases of securities	-162,183,000	-299,642,000	-465,133,000	-228,514,000			-53,257,000	-151,912,000	-77,888,000	-305,858,000
proceeds from sales of securities and other assets	0	2,617,000	0	16,013,000			18,227,000				0	15,291,000	0	369,000
principal payments on securities	96,081,000	32,512,000	39,434,000	18,276,000	18,227,000	8,081,000	8,887,000	10,972,000	10,012,000	5,755,000	49,694,000	974,000	983,000	1,470,000	26,611,000	20,366,000	51,424,000	58,896,000
proceeds from sales of real estate owned	22,332,000	24,308,000	17,989,000	18,324,000	25,615,000	24,217,000	22,616,000	26,235,000	32,207,000	33,968,000	28,829,000	23,709,000	40,106,000	41,336,000	53,853,000	44,532,000	38,006,000	50,619,000	76,183,000	90,244,000	94,052,000	19,307,000	24,302,000	6,157,000
other investing activities	49,121,000	-62,584,000	57,311,000	-17,131,000	-1,856,000	83,496,000	1,762,000	-5,560,000
net cash provided by/(used in) investing activities	-30,506,000	-251,546,000	-241,802,000	89,876,000	-181,269,000	-91,402,000													517,549,000	460,524,000						408,747,000	744,160,000	98,650,000	349,044,000
cash flows from financing activities:
principal payments on financing agreements with mark-to-market collateral provisions	-692,569,000	-406,558,000	-1,139,059,000	-697,619,000	-539,062,000	-290,021,000	-921,897,000	-746,246,000	-476,085,000	-766,604,000	-226,090,000	-1,016,502,000	-1,141,857,000	-586,883,000	-880,730,000	-243,248,000	123,496,000	-821,716,000	-409,342,000	-379,785,000
proceeds from borrowings under financing agreements with mark-to-market collateral provisions	895,642,000	699,300,000	966,724,000	740,535,000	759,255,000	438,616,000	920,878,000	705,379,000	782,275,000	640,498,000	324,346,000	515,870,000	826,120,000	965,270,000	1,012,588,000	1,288,311,000	57,454,000	663,926,000	258,322,000	212,633,000
principal payments on other collateralized financing agreements	-437,003,000	-444,264,000	-609,549,000	-782,276,000	-678,350,000	-576,135,000	-585,448,000	-472,717,000	-524,203,000	-415,443,000	-496,883,000	-393,523,000	-500,615,000	-761,122,000	-398,941,000	-411,262,000	-551,606,000	-521,259,000
proceeds from borrowings under other collateralized financing agreements	364,758,000	341,077,000	1,057,305,000	694,915,000	749,987,000	482,499,000	983,182,000	1,029,650,000	712,168,000	778,400,000	427,754,000	1,149,686,000	1,002,812,000	1,096,258,000	1,109,594,000	339,122,000	805,945,000	437,915,000
payments made for other collateralized financing agreement related costs	-1,965,000	-2,154,000	-2,403,000	-866,000
redemption and repurchase of convertible senior notes			0	0
proceeds from issuance of senior notes			0	6,000	72,044,000	110,626,000																								0	0
payments made for settlements and unwinds of swaps			0																28,383,000	0
proceeds from issuances of common stock, net of expenses	-20,000	-20,000	-20,000	-21,000	-20,000	-20,000
payments made for the repurchase of common stock	0	-5,189,000	0	0	0	-1,491,000
dividends paid on preferred stock	-10,560,000	-8,219,000	-8,219,000	-8,218,000	-8,219,000	-8,219,000	-8,219,000	-8,218,000	-8,219,000	-8,219,000	-8,219,000	-8,218,000	-8,219,000	-8,219,000	-8,219,000	-8,218,000	-8,219,000	-8,219,000	-8,218,000			-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000															-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-2,040,000	-1,758,000	-1,062,000
dividends paid on common stock and dividend equivalents	-37,400,000	-35,881,000	-36,020,000	-36,047,000	-36,015,000	-35,789,000	-35,789,000	-35,789,000	-35,756,000	-35,769,000	-44,965,000	-44,962,000	-46,878,000	-47,230,000	-44,248,000	-44,236,000	-33,641,000	-34,015,000	-22,759,000	0	-10,980,000	-79,769,000	-75,008,000	-74,425,000
net cash provided by/(used in) financing activities	63,709,000	138,092,000	228,759,000	-117,121,000	147,045,000	78,895,000					-25,774,000	197,371,000	77,630,000	600,986,000	752,758,000										95,578,000									-400,914,000	-85,171,000	287,087,000	2,296,727,000
net increase/(decrease) in cash, cash equivalents and restricted cash	71,661,000	-128,018,000	98,404,000	-38,519,000	12,256,000	40,960,000
cash, cash equivalents and restricted cash at beginning of period	0	601,312,000	0	0	0	488,211,000	0	0	0	494,081,000	0	0	0	404,447,000	0	0	0	821,519,000	0	0
cash, cash equivalents and restricted cash at end of period	71,661,000	473,294,000	98,404,000	-38,519,000	12,256,000	529,171,000	34,673,000	-49,858,000	-24,193,000	527,589,000	-107,315,000	56,053,000	-10,196,000	555,539,000	-177,301,000	-333,500,000	129,384,000	785,864,000	-67,955,000	215,622,000
supplemental disclosure of cash flow information
cash paid for interest	126,915,000	122,604,000	126,768,000	130,939,000	135,771,000	122,746,000
non-cash investing and financing activities:
transfer from residential whole loans to real estate owned	30,286,000	25,448,000	21,583,000	37,132,000	25,609,000	19,342,000	18,491,000	16,990,000	28,256,000	20,925,000		16,658,000	23,138,000	22,079,000			18,302,000	20,068,000				54,822,000	36,164,000	22,280,000
dividends and dividend equivalents declared and unpaid	110,000	37,400,000	19,000	-28,000	33,000	36,015,000	0	0	33,000	35,756,000		1,000	-1,394,000	46,357,000			10,596,000	33,640,000				79,905,000	4,976,000	74,583,000
payable for unsettled investment purchases		31,048,000
net gain on real estate owned		1,497,000	-14,000	-199,000	-1,781,000	-735,000	-1,132,000	-2,251,000	-2,193,000	-3,936,000
transfer from commercial loans to real estate owned			0
receivable for sale of unsettled residential whole loans
deconsolidation of securitized agency eligible investor loans and related debt
payable for purchase of unsettled agency mbs
payment made for other collateralized financing agreement related costs						-1,340,000	-2,702,000	-3,218,000	-2,071,000	-4,602,000	-1,744,000	-5,014,000	-6,762,000	-2,870,000	-298,000	-1,728,000	-3,748,000	-1,371,000
redemption of convertible senior notes						-39,831,000
net other non-cash losses included in net income							10,626,000	8,802,000	4,436,000	7,855,000	6,369,000	6,282,000			-5,210,000	6,898,000	4,002,000	5,212,000
net cash from operating activities							3,817,000	39,795,000			4,509,000	151,645,000	76,363,000	133,560,000	11,221,000	12,476,000	72,431,000	24,165,000	21,645,000	-39,893,000	50,748,000	5,896,000	57,145,000	38,999,000	48,265,000	70,960,000	85,882,000	70,080,000	71,166,000	77,794,000	71,859,000	80,801,000	79,933,000	89,339,000	87,517,000	95,471,000	62,082,000	59,146,000	65,494,000	60,747,000	60,551,000	79,849,000	68,603,000	70,593,000	50,919,000	54,875,000	57,107,000	25,107,000	49,336,000	1,621,000	10,354,000			12,298,000	38,981,000	37,937,000	46,978,000	44,219,000	15,856,000	50,041,000	18,182,000
increase in cash balances resulting from lima one purchase transaction															-1,000
net cash from investing activities							-309,210,000	-548,164,000	-550,114,000	-142,102,000	-86,050,000						-305,982,000	345,476,000					1,514,664,000	336,711,000							-472,543,000	-201,277,000	-108,461,000						125,714,000	-475,615,000	1,319,856,000				295,273,000
redemption of convertible senior notes and senior notes
proceeds from issuances of common stock							-20,000	-21,000	17,000	17,000	27,000	34,000	541,000	581,000	528,000	525,000	396,000	376,000	6,716,000	1,000	-506,000	1,230,000	185,944,000	306,000	7,616,000	10,216,000	27,011,000	33,120,000	7,278,000	8,640,000	603,000	3,344,000	451,000	2,038,000	373,000	197,000	605,195,000	239,000	97,000	148,000	125,000	70,000	386,786,000	139,000	16,373,000	73,407,000	58,412,000	304,890,000	253,074,000
payments made for the repurchase of common stock through the stock repurchase program											0	0	-47,512,000	-54,799,000
net cash from financing activities							340,066,000	458,511,000	448,126,000	188,278,000							362,935,000	-405,296,000				-131,014,000	-1,067,670,000	-394,481,000							257,750,000	339,231,000	9,127,000													-380,220,000	74,406,000									-5,126,000	181,630,000	671,774,000	705,347,000	-317,299,000	1,216,736,000
interest paid							124,248,000	105,003,000	101,827,000	87,057,000	87,438,000	62,380,000	54,640,000	34,727,000	35,330,000	23,026,000	29,056,000	29,554,000
transfer from other interest earning assets (commercial loans) to reo
right-of-use lease asset and lease liability
benefit from credit losses on residential whole loans and other assets								1,073,000
net income/(gain) on derivatives used for risk management purposes								-9,432,000	-37,018,000	42,879,000
net income/(gain) on securitized debt measured at fair value through earnings								-40,229,000	-30,908,000	48,846,000
net margin (paid)/received for derivatives used for risk management purposes								37,953,000	58,812,000	-28,428,000
net (decrease)/increase in cash, cash equivalents and restricted cash														151,092,000	-177,301,000			-35,655,000
net increase in cash, cash equivalents and restricted cash									-24,193,000	33,508,000	-107,315,000	56,053,000								215,622,000
reversal of benefit from credit losses on residential whole loans and other assets										-4,000
net cash (used in)/provided by operating activities										-12,668,000
purchases of real estate owned and capital improvements										-137,000	-133,000	-216,000	-276,000	-353,000	-251,000	-463,000	-407,000	-217,000	-864,000	-536,000	-6,120,000	-2,678,000
additions to leasehold improvements, furniture and fixtures										-1,458,000	1,231,000	-306,000	-272,000	-953,000	38,687,000	-7,146,000	-39,174,000	-4,415,000	-3,437,000	-2,262,000	1,008,000	-171,000	-277,000	-56,000	-85,000		-137,000
payable for unsettled residential whole loan and treasury bill purchases														329,706,000
net (loss)/income											6,710,000	-55,018,000	-100,367,000	-82,906,000					45,817,000	87,210,000																											50,053,000	35,038,000	-85,943,000
adjustments to reconcile net income to net cash from operating activities:
net income/(gain) on residential whole loans
impairment and other net income/(gain) on securities and other portfolio investments
accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities, and amortization of terminated hedging instruments											-15,260,000	-5,208,000	-2,711,000	-4,135,000	-36,129,000
decrease/(increase) in other assets																			39,471,000	-21,625,000
(decrease)/increase in other liabilities																			-33,884,000	8,872,000			-6,862,000	-3,798,000
purchases of residential whole loans, loan related investments and capitalized advances											-507,610,000	-734,778,000	-772,116,000	-1,192,437,000	-1,639,881,000	-1,844,299,000	-848,084,000	-184,707,000	-131,898,000	-60,316,000
proceeds from sales of residential whole loans, and residential whole loan repurchases
principal payment on redemption of senior notes															0	0	0	-100,000,000
payments made for settlements and unwinds of swaps designated as hedges
proceeds from issuance of series c preferred stock																			0	0
payments made for costs related to series c preferred stock issuance																			0	0
proceeds from the issuance of warrants																			0	0
payments made for the repurchase of warrants
losses/(gains) on residential whole loans and real estate owned												285,433,000							-36,209,000
losses/(gains) on securities												-1,620,000
impairment and other gains and losses on securities available-for-sale and other assets															-23,957,000
net gains on derivatives used for risk management purposes
net mark-to-market on securitized debt measured at fair value												-100,767,000
unrealized loss on loan originator investment												2,032,000
decrease in other assets												129,385,000				2,392,000
decrease in other liabilities																						-12,228,000
payable for unsettled residential whole loan purchases																	19,073,000	112,202,000
repayment of lima one preferred stock in connection with the lima one transaction
net (gains)/losses on derivatives used for risk management purposes
net cash (used in)/provided by investing activities													-164,189,000	-583,454,000	-941,280,000							-116,160,000			-434,541,000									284,571,000	-84,548,000	-508,753,000	-2,074,629,000
(gains)/losses on residential whole loans and real estate owned														277,273,000	36,141,000	-26,426,000	-5,525,000	-35,893,000
(gains)/losses on securities														2,921,000				-100,000
(reversal of provision)/benefit from credit and valuation losses on residential whole loans and other financial instruments														-4,038,000	-4,805,000	-10,316,000	-9,267,000	-23,967,000
gains on securities															363,000	-493,000
loss on terminated swaps previously designed as hedges for accounting purposes
proceeds from issuance of convertible senior notes
payments made for the repurchase of common stock through the share repurchase program															-37,516,000	0	-27,142,000	-20,933,000
impairment and other losses on securities available-for-sale and other assets																			116,000	221,000
accretion of purchase discounts on residential whole loans and securities																	-17,886,000	-16,436,000
amortization of purchase premiums on residential whole loans and securities, and amortization of terminated hedging instruments																	8,878,000	6,791,000
increase in other assets																		-1,939,000						-6,259,000
receivable for unsettled residential whole loan and securities sales
gains on residential mortgage securities and msr related assets																			-2,946,000
accretion of purchase discounts on residential mortgage securities, residential whole loans and msr-related assets																			-7,518,000	-7,341,000
amortization of purchase premiums on residential mortgage securities and residential whole loans, and amortization of terminated hedging instruments																			5,100,000	5,358,000
benefit from credit and valuation losses on residential whole loans and other financial instruments																			-15,969,000	-27,244,000
net valuation and other non-cash losses included in net income																			27,667,000
purchases of residential mortgage securities and msr-related assets																			0	0
proceeds from sales of residential mortgage securities, msr-related assets, and other assets																			0	116,000
principal payments on residential mortgage securities and msr-related assets																			23,436,000	18,837,000
proceeds from settlements on swaps																						30,711,000
payments made for costs related to common stock issuances
net cash (used in)/provided by financing activities																			-607,149,000	-205,009,000						-418,189,000	-774,472,000	-322,018,000	-219,933,000
losses on terminated swaps previously designated as hedges and other
principal payments on residential whole loans																				398,839,000	790,615,000	71,865,000	47,949,000	21,666,000
principal payments on financing agreements with non-mark-to-market collateral provisions
proceeds from borrowings under financing agreements with non-mark-to-market collateral provisions																				0
principal payments made on senior secured credit agreement
proceeds from issuance of senior secured credit agreement																				0
principal payments on securitized debt																				-76,046,000	-44,587,000	-12,817,000	7,481,000	-10,133,000	-73,262,000	-105,998,000	-100,540,000
proceeds from issuance of securitized debt																										52,829,000				0	0	0	186,691,000	0	0	474,866,000	488,389,000
loss on sales of residential whole loans
gain on sales of residential mortgage securities, msr-related assets, and other assets
gain on sales of real estate owned																					-4,111,000	-1,993,000
gain on liquidation of residential whole loans																					2,646,000	-5,279,000
loss on terminated swaps previously designated as hedges for accounting purposes
depreciation and amortization on real estate, fixed assets and other assets																					3,547,000	423,000	167,000	272,000
equity-based compensation expense																					2,274,000	553,000	2,325,000	1,134,000	1,484,000	1,212,000	760,000	1,301,000	885,000	2,114,000	1,793,000	1,480,000	1,101,000			1,024,000	932,000	1,093,000	622,000	846,000	722,000	594,000	416,000	426,000	474,000	412,000	305,000	297,000	342,000
unrealized losses/(gains) on residential whole loans at fair value
unrealized losses on residential mortgage securities and interest rate swap agreements (“swaps”) and other
net income																						83,395,000	79,925,000	78,070,000	76,188,000	78,557,000	71,328,000	75,473,000	77,351,000	69,219,000	78,141,000	74,766,000	84,713,000	70,564,000	83,699,000	79,286,000	82,865,000	61,581,000	77,214,000	48,290,000	82,677,000										7,077,000	-19,733,000	14,963,000	-30,603,000	6,271,000	12,159,000	18,881,000	19,820,000	18,648,000
gain on sales of mbs and u.s. treasury securities																						-8,817,000			-3,571,000	-6,147,000	-13,680,000
other-than-temporary impairment charges																														0	0	280,000	920,000	4,187,000	3,991,000			6,865,000	0			8,919,000	0	7,460,000	1,549,000	0
accretion of purchase discounts on mbs and crt securities, residential whole loans and msr related assets																						-19,793,000
amortization of purchase premiums on mbs and crt securities																						5,392,000
unrealized gain on residential whole loans at fair value																						-13,747,000	-983,000	-6,226,000
(increase)/decrease in other assets and other																						-22,010,000
principal payments on mbs, crt securities and msr related assets																						484,334,000
proceeds from sales of mbs and u.s. treasury securities																						19,362,000
purchases of mbs, crt securities, msr related assets and u.s. treasury securities																						-194,328,000
purchases of residential whole loans and capitalized advances																						-513,851,000	156,102,000	-165,510,000
redemption of federal home loan bank stock																							-53,000	10,475,000
principal payments on repurchase agreements and other advances																						-16,609,092,000	-19,811,589,000	-19,776,510,000
proceeds from borrowings under repurchase agreements and other advances																						16,553,139,000	18,409,274,000	19,532,131,000
payments made for settlements on interest rate swap agreements																						-10,666,000
net (decrease)/increase in cash, cash equivalents, and restricted cash																						-241,278,000
cash, cash equivalents, and restricted cash at beginning of period																						463,064,000
cash, cash equivalents, and restricted cash at end of period																						221,786,000
net (decrease)/increase in securities obtained as collateral/obligation to return securities obtained as collateral																						-248,650,000		-5,175,000
accretion of purchase discounts on mbs and crt securities and residential whole loans																							-24,096,000	-22,083,000
decrease/(increase) in other assets and other
principal payments on mbs and crt securities and other investments
purchases of mbs and crt securities and other investments
payments made for securitization related costs
payments made for margin calls and settlements on repurchase agreements and interest rate swap agreements
proceeds from reverse margin calls and settlements on repurchase agreements and swaps
net increase in cash and cash equivalents																										61,518,000	55,570,000				-142,934,000						284,180,000				115,196,000	166,765,000			44,400,000				105,357,000		-1,736,000	-20,065,000	10,643,000			14,435,000	9,206,000	23,128,000
cash and cash equivalents at beginning of period																							95,105,000	165,007,000	565,370,000	0	0	0	401,293,000	0	0	0	394,022,000	0	0	0	345,243,000	0	0	0	653,460,000	0	0	0	361,167,000	0	0	0	234,410,000	0	0	0	64,301,000	0	0	0	68,341,000	0	0	0	139,707,000
cash and cash equivalents at end of period																							599,244,000	146,236,000	274,672,000	61,518,000	55,570,000	-153,288,000	601,570,000	-49,149,000	-142,934,000	218,755,000	374,621,000	-27,004,000	-82,202,000	-126,195,000	629,423,000	74,318,000	-260,618,000	-237,113,000	768,656,000	166,765,000	204,203,000	-123,075,000	405,567,000	-77,363,000	206,673,000	-107,910,000	339,767,000	-5,943,000	-1,736,000	-20,065,000	74,944,000	-68,533,000	40,852,000	14,435,000	77,547,000	23,128,000	-48,961,000	25,566,000	68,608,000
net decrease in securities obtained as collateral/obligation to return securities obtained as collateral
gain on sales of mbs																								-9,745,000																													-2,094,000
(gain)/loss on sales of real estate owned																								-509,000
amortization of purchase premiums on mbs																								8,143,000	10,215,000	11,009,000	15,897,000	16,508,000	14,793,000	14,123,000	14,873,000	12,520,000	10,782,000
principal payments on mbs and crt securities																								807,349,000
proceeds from sales of mbs																								32,034,000
purchases of mbs and crt securities																								-375,404,000
payments made for margin calls on repurchase agreements and interest rate swap agreements																								-117,800,000
proceeds from reverse margin calls on repurchase agreements and swaps																								55,700,000	30,000,000	20,809,000	0			2,000,000	2,000,000	4,800,000	4,090,000	17,000,000	500,000	17,381,000	8,033,000	0	5,500,000
net decrease in cash and cash equivalents																								-18,771,000																																				25,566,000	-71,099,000
mbs and crt securities recorded upon adoption of revised accounting standard for repurchase agreement financing
repurchase agreements recorded upon adoption of revised accounting standard for repurchase agreement financing
accretion of purchase discounts on mbs																									-27,434,000	-25,125,000	-19,560,000
depreciation and amortization on fixed assets and other assets																									327,000		973,000	1,063,000	1,097,000
unrealized gains on derivative instruments																									-2,076,000
(increase)/decrease in interest receivable																									-863,000
increase in prepaid and other assets																									-9,644,000
decrease in accrued expenses and other liabilities, and excise tax and interest																									-3,745,000
increase/(decrease) in accrued interest payable on financial instruments																									7,384,000
principal payments on mbs																									438,149,000	539,215,000	748,019,000	771,575,000	711,901,000	693,771,000	754,704,000	664,146,000	558,516,000	602,633,000	627,488,000	539,236,000	521,796,000	566,855,000	673,749,000	1,275,474,000	574,798,000									462,573,000	342,471,000	389,151,000	443,109,000	647,721,000	795,930,000	653,098,000	533,138,000	561,234,000	551,407,000	603,339,000	362,585,000
proceeds from sale of mbs and u.s. treasury securities																									15,501,000	81,256,000	277,534,000	9,876,000	206,203,000
purchases of mbs																									-888,106,000	-211,623,000	-281,256,000															-142,459,000								-2,214,013,000	-1,519,753,000	-323,288,000	-71,412,000	-634,628,000	-248,222,000	-672,602,000	-752,682,000	-1,253,636,000	-1,361,680,000	-310,669,000	-1,669,010,000
principal payments on repurchase agreements																									-20,203,589,000	-9,539,368,000	-21,028,230,000	-21,259,147,000	-18,024,857,000	-14,326,178,000	-17,720,107,000	-16,446,942,000	-14,744,454,000	-10,207,487,000	-16,008,325,000	-15,585,664,000	-12,249,066,000	-10,626,175,000	-12,342,438,000	-13,183,067,000	-13,998,897,000	-11,188,500,000	-16,353,059,000	-17,202,680,000	-16,630,370,000	-19,828,608,000	-16,427,776,000	-11,968,625,000	-15,762,869,000	-5,698,791,000	-3,524,840,000	-2,738,489,000	-9,139,598,000
proceeds from borrowings under repurchase agreements																									20,470,421,000	9,310,494,000	20,687,118,000	21,265,603,000	18,175,212,000	14,246,324,000	18,184,026,000	16,906,417,000	14,840,227,000	10,002,983,000	16,155,737,000	15,803,202,000	13,862,812,000	10,543,905,000	12,063,665,000	13,443,412,000	12,816,945,000	10,809,040,000	15,976,415,000	16,381,970,000	16,364,175,000	19,487,970,000	16,497,074,000	13,967,034,000	15,548,622,000
payments made on obligation to return securities obtained as collateral																										-46,800,000	100,069,000
cash disbursements on financial instruments underlying linked transactions																									-374,073,000	-165,647,000	-139,252,000
cash received from financial instruments underlying linked transactions																									344,504,000	162,111,000	125,771,000	58,309,000	59,245,000	72,526,000	61,848,000	110,246,000	218,269,000	245,555,000	421,054,000	514,827,000	529,084,000
payments made for margin calls on repurchase agreements and swaps																									-29,000,000																	-47,238,000	-12,770,000	-27,440,000	-74,360,000
dividends paid on common stock and ders																									-73,289,000	-80,814,000	-182,326,000															-70,240,000	-55,730,000			-45,662,000	-39,726,000			-4,007,000
net (decrease)/increase in cash and cash equivalents																									-290,698,000													74,318,000
net increase in securities obtained as collateral/obligation to return securities obtained as collateral																									47,768,000	179,557,000	21,480,000	-1,000	200,099,000
dividends and ders declared and unpaid																									73,875,000	-7,528,000	731,000	-179,167,000	259,607,000	-3,829,000	-7,212,000	-3,515,000	86,778,000	7,325,000	120,000	5,388,000	84,692,000
gain on sale of real estate																																																			0	0	-4,705,000
unrealized (gains)/losses on derivative instruments
(increase)/decrease in prepaid and other assets
realized loss on tba short positions
increase/(decrease) in accrued expenses and other liabilities, and excise tax and interest
increase in accrued interest payable on financial instruments
proceeds from sale of real estate																																																		9,511,000	0	0	14,023,000
additions to leasehold improvements, furniture, fixtures and real estate investment
maturity of obligation to return securities obtained as collateral																										0
payments made for resecuritization related costs
payments made for senior notes related costs
payments made for margin calls on repurchase agreements and interest rate swaps																										-8,500,000	-61,399,000
payment made to purchase interest rate swaption
settlement of tba short positions
payments made for redemption of series a preferred stock																										0	0
proceeds from issuance of series b preferred stock																										0	0
payments made for preferred stock offering costs																										0	0
payments made to repurchase common stock																										-16,254,000
supplemental disclosure of cash flow information:
mbs recorded upon de-linking of linked transactions																														254,000	16,561,000	35,553,000	122,826,000	28,815,000	28,233,000	284,418,000	431,580,000
repurchase agreements recorded upon de-linking of linked transactions																																		0	0	0	46,698,000
unrealized losses/(gains) on derivative instruments
decrease/(increase) in interest receivable																											3,051,000						244,000									2,871,000	903,000						1,456,000					1,555,000
increase in accrued expenses and other liabilities, and excise tax and interest
(decrease)/increase in accrued interest payable on financial instruments																											2,270,000
unrealized gains and other on linked transactions
decrease in interest receivable																													1,891,000										344,000	458,000	6,676,000				1,585,000																-3,773,000
net increase/(decrease) in cash and cash equivalents																													200,277,000					-27,004,000	-82,202,000
gains on sale of mbs																																																		0
losses on termination of repurchase agreements																																						0	0	0	26,815,000
depreciation and amortization on real estate and other assets																														1,063,000	1,149,000	895,000	427,000	401,000	1,362,000
unrealized (gains)/losses and other on linked transactions
(decrease)/increase in interest receivable
increase/(decrease) in accrued expenses, other liabilities and excise tax and interest
payments to terminate repurchase agreements
principal amortization and prepayment on mortgage loan
noncash investing and financing activities:
securities obtained as collateral																														-871,000	-3,203,000	9,167,000	197,339,000
increase in interest receivable																																														1,594,000	-531,000									-457,000	-979,000		-4,499,000
increase in accrued expenses and other liabilities																																										3,976,000	1,816,000								-344,000	-2,610,000	1,066,000
increase/(decrease) in accrued interest payable																															715,000						192,000									3,403,000			3,646,000
proceeds from sale of mbs																															65,976,000	0	71,103,000	74,135,000				0	0	0	939,119,000	212,401,000	0					0	1,851,019,000	0	20,298,000	1,034,871,000	788,490,000	564,812,000				0
decrease/(increase) in prepaid and other assets
(decrease)/increase in accrued expenses and other liabilities
increase/(decrease) in prepaid and other assets																																	1,844,000
decrease in accrued expenses and other liabilities																																																									155,000				-12,508,000
increase in accrued interest payable																																	2,404,000																		4,217,000	-8,324,000	-22,512,000		10,803,000	10,132,000	16,126,000		5,760,000	2,825,000	3,918,000
net (increase)/decrease in cash and cash equivalents																																	-19,401,000
unrealized gain and other on linked transactions
decrease/(increase) in prepaid and other assets and other
equity-based compensation expense and other																																		1,402,000
negative amortization and principal accretion on mbs
net additions to leasehold improvements, furniture, fixtures and real estate investment																																											-89,000	-242,000	-218,000
payment made to purchase interest rate swaptions
net (accretion of purchase discounts)/amortization of purchase premiums
unrealized losses/(gains) and other on linked transactions																																			2,991,000
increase in prepaid and other assets and other																																											-111,000
increase/(decrease) in accrued expenses and other liabilities																																			-6,384,000													-7,720,000	8,369,000
decrease in accrued interest payable
payments made to purchase swaptions
net accretion of purchase premiums and discount amortization on mbs
depreciation and amortization																																					521,000																						205,000	206,000	191,000
principal amortization on mortgage loan
losses on sale of mbs																																																0	25,101,000	0	0
losses on termination of swaps																																														0
net amortization of purchase premiums and discounts on mbs																																						373,000	-804,000
depreciation and amortization on real estate																																						247,000	142,000	178,000	163,000	159,000	132,000	127,000	94,000								198,000			189,000	189,000
(increase)/decrease in prepaid and other assets and other
(decrease)/increase in accrued interest payable																																										552,000
payments on termination of swaps																																														0
unrealized gain and other on mbs forwards
principal payments on mbs forwards																																										-133,319,000
proceeds from mbs forwards																																							397,046,000	225,249,000	339,717,000	106,110,000
net cash used by financing activities																																								177,755,000	-1,265,211,000				-301,792,000
net (accretion)/amortization of purchase (discount) and premium on mbs
proceeds received for reverse margin calls on repurchase agreements and swaps																																									287,416,000
principal payments on mortgage loan																																										-41,000	-40,000	-46,000	-39,000
gains on termination of swaps
amortization of purchase premium on mbs, net of accretion of discounts																																										-1,908,000	739,000	3,501,000	4,228,000				5,267,000
amortization of premium costs for caps
negative amortization and principal accretion on investments securities
principal payments on mbs and other investment securities																																														261,133,000	309,998,000
net additions to leasehold improvements, furniture, fixtures, and real estate investment
net cash provided/(used) by investing activities																																										589,316,000	240,697,000						157,295,000					577,905,000
proceeds from termination of swaps
cash received for reverse margin calls on repurchase agreements and swaps																																										23,758,000	8,710,000	56,338,000	70,820,000
net cash (used)/provided by financing activities																																										-502,400,000	-105,097,000						-101,274,000					-658,736,000
built-in gains taxes refunded on sales of real estate
gains on sales of mbs																																											0				0	0	-571,000
losses on early termination of swaps																																																	91,481,000
principal payments on mbs and other investments securities																																											579,626,000	476,560,000	357,525,000				395,632,000
payments made on termination of swaps
negative amortization and principal accretion on investment securities																																												0	-12,000		-154,000	-101,000	-238,000
purchases of mbs and other investment securities																																												-265,554,000	-62,034,000	-13,151,000	-234,838,000	-2,864,738,000	-2,089,356,000
decrease in cash and cash equivalents
losses on sale of mbs, gross
gains on sales of mbs, gross
(increase)/ decrease in other assets and other																																													-746,000
(decrease)/ increase in accrued expenses and other liabilities																																													-2,181,000
(decrease)/ increase in accrued interest payable																																													-7,745,000
dividends paid on common stock and dividend equivalent rights																																													-46,351,000				-18,005,000
amortization of premium cost for caps																																																				454,000	383,000	242,000	342,000	564,000	430,000
depreciation and amortization on real estate, including discontinued operations																																														96,000			117,000	108,000	108,000
gain on sale of real estate included in discontinued operations
loss on sale of real estate included in discontinued operations
additions to leasehold improvements
net cash used by investing activities																																														247,982,000	75,160,000									-18,376,000	-219,402,000	-692,865,000	-770,164,000	292,824,000	-1,306,017,000
proceeds from terminations of swaps
common stock repurchased																																																		-430,000	0	-2,818,000	-2,879,000	-10,912,000
principal payments on and satisfaction of mortgages from discontinued operations
mortgage prepayment penalty paid – discontinued operations
built-in gains taxes (refunded)/paid on sales of real estate
adjustments to reconcile net (loss)/income to net cash from operating activities:
losses on sales of mbs
gain on termination of swaps
amortization of purchase premiums on mbs, net of accretion of discounts																																															4,425,000				6,508,000	7,869,000	8,123,000		16,914,000	14,359,000	11,606,000
amortization of premium cost for interest rate cap agreements																																																												609,000	405,000
increase in other assets and other																																															87,000	136,000	-542,000		159,000	-11,000	-1,196,000	357,000	-123,000	53,000	-352,000			-195,000	-356,000
tax refunds-discontinued operations
decrease in restricted cash																																															387,000
principal payments on mortgage																																															-38,000	-40,000	-37,000
losses/(gain) on early termination of swaps
other-than-temporary impairment charge																																																4,017,000	851,000
increase in excess margin cash collateral
(payments)/proceeds from termination of swaps
increase in restricted cash																																																	-28,538,000
payments made for termination of swaps																																																	-91,481,000
gains on early termination of swaps
other-than-temporary impairment recognized on mbs
decrease in receivable under the discount waiver, direct stock purchase and dividend reinvestment plan
share-based compensation expense
negative amortization on investments securities
net cash (used)/provided by investing activities
payments made for terminations of swaps
proceeds from issuance of common stock																																																		11,018,000
dividends paid on common stock and der payments
net cash provided/(used) by financing activities
net income, including discontinued operations
amortization of premium cost for derivative assets																																																		393,000
decrease/(increase) in receivable under drspp
decrease (increase) in other assets and other
gain on sale of real estate from discontinued operations
loss on sale of real estate from discontinued operations
negative amortization on mbs																																																		0	-134,000	-612,000	-868,000
cash increase from initial consolidation of subsidiary
purchase of caps
proceeds from borrowings on repurchase agreements																																																		7,435,412,000	4,675,730,000	1,620,689,000	7,993,066,000
proceeds from issuance of preferred stock
principal payments on and satisfaction of mortgages, including discontinued operations
built-in gains taxes paid on sales of real estate
stock option expense and stock based compensation																																																			20,000
principal payments on mortgages																																																			-54,000	-20,000	-6,075,000
decrease in receivable under the dividend reinvestment and stock repurchase plan
decrease (increase) in interest receivable																																																				3,732,000	4,042,000
net cash provided (used) by investing activities																																																				1,100,734,000	1,174,210,000
dividends paid on common stock																																																				-4,012,000	-4,058,000	-4,134,000	-10,387,000	-14,955,000	-18,170,000	-18,550,000	-19,700,000
decrease in receivable under the dividend reinvestment and stock
repurchase plan
net cash (used) provided by financing activities																																																				-1,126,690,000	-1,161,584,000
loss on sale of mbs																																																					497,000
stock option expense																																																					120,000	119,000	122,000	126,000	126,000	141,000	126,000	120,000	171,000
net cash (used) provided by operating activities																																																					-1,983,000
amortization of purchase premium on investments, net of accretion of discounts
(decrease)/increase in accrued expenses and other liabilities and mbs purchase payable
equity income from equity investments in real estate
net gain on sale of real estate equity interests and real estate
distributions from equity investees
net(decrease)/increase in borrowing under repurchase agreements
net proceeds from issuance of preferred stock																																																										43,768,000	0
net proceeds from issuance of common stock																																																						0				19,498,000	13,732,000
principal amortization on real estate investment mortgages
proceeds from exercise of common stock options
cash paid during the period for interest																																																										22,492,000	14,694,000	15,577,000	12,606,000
net gain on sale of portfolio investments
decrease in receivable under drspp																																																							0
depreciation and amortization on real estate and fixed assets
cash recognized upon consolidation of subsidiary																																																											0	0	258,000
net (decrease)/increase in borrowings under repurchase agreements
amortization of mortgage principal for real estate																																																							18,000	-55,000	-47,000
adjustments to reconcile net income to net cash from operating
activities:
net increase in borrowings under repurchase agreements																																																								11,869,000	198,842,000		712,376,000	-384,007,000	1,131,284,000
net proceeds from issuances of common stock																																																								0	2,998,000				103,770,000
net proceeds from issuances of preferred stock
decrease (increase) in receivable under drspp																																																									985,000
purchase of interest rate caps
net (gain)/loss on sale of securities
other-than-temporary impairment recognized on corporate debt securities
increase receivable under drspp
proceeds from sale of corporate equity securities
proceeds from sale of corporate debt securities
purchase of controlling interest in consolidated subsidiary
net increase in borrowing under repurchase agreements
amortization of purchase premiums on investments																																																											12,545,000	14,500,000	8,420,000
amortization of premium cost for cap agreements
increase in other assets, receivable under drspp and other
increase in accrued expenses, other liabilities and mbs purchase payables
income from equity interests in real estate in excess of distributions
amortization of mortgage principal for real estate investments																																																											-46,000	-52,000	-41,000
non-cash equity losses from operations of real estate investments
gains on sales of equity interest in real estate
purchase of cap agreements
proceeds from exercise of stock options
supplemental cash flow information:
non-cash investing disclosure:
consolidation of investment previously accounted for on the equity method																																																											0	0	2,747,000
increase in accrued expenses, other liabilities and mbs purchase payable
purchase of interest rate cap agreements																																																												0	-2,395,000
adjustments to reconcile net income to net cash
provided by operating activities:
dividends paid																																																													-15,923,000
net income on sale of portfolio investments
cash received from real estate operations, sales of real estate and
equity interests in real estate
principal amortization of mortgage principal of consolidated real estate investments
depreciation and amortization on consolidated real estate investments
non-cash equity losses (income) from operations of real estate investments
net proceeds from common stock offering

We provide you with 20 years of cash flow statements for MFA Financial stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of MFA Financial stock. Explore the full financial landscape of MFA Financial stock with our expertly curated income statements.

The information provided in this report about MFA Financial stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.