Cash Flow StatementINVESCO MORTGAGE CAPITAL INC. (NYSE - IVR)  
 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201412/31/201512/31/201512/31/20159/30/2016
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Cash Flows from Operating Activities 
Net income (loss) 342,782159,822(230,738)105,211(21,645)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 
Amortization of mortgage-backed and credit risk transfer securities premiums and (discounts), net 139,624180,121124,369122,92585,522
Amortization of residential loans and asset-backed securities premiums (discount), net 09942,761(656)0
Amortization of commercial loan origination fees 0(26)(9)(91)(219)
Reduction in provision for loan losses 0884(142)(213)0
Unrealized (gain) loss on derivative instruments, net 4,23213,923215,499(9,597)150,842
Unrealized (gain) loss on credit derivatives, net (180)86521,7534,623(45,192)
(Gain) loss on investments, net (46,989)182,73387,16821,212(5,860)
Realized (gain) loss on derivative instruments, net 0(56,279)72,18744,27262,222
Realized (gain) loss on credit derivatives, net NA001,1406,017
Equity in earnings of unconsolidated ventures (7,169)(5,345)(6,786)(12,630)(1,992)
Amortization of equity-based compensation 336317532557425
Amortization of deferred securitization and financing costs 02,4463,0133,1461,847
Amortization of net deferred losses on de-designated interest rate swaps 0085,17666,75711,331
Non-cash interest income capitalized in commercial loans 0(832)(768)0NA
(Gain) loss on foreign currency transactions, net 002,7181,9646,080
Changes in operating assets and liabilities 
(Increase) decrease in operating assets (8,727)(5,280)2,4735,6601,260
Increase in operating liabilities 3,54116,0994564,305858
Net cash provided by operating activities 427,450490,442379,662358,585251,496
Cash Flows from Investing Activities 
Purchase of mortgage-backed and credit risk transfer securities (9,171,750)(8,323,891)(4,339,442)(2,352,380)(2,367,991)
Purchase of U.S. Treasury securities NANANANA(403,105)
Proceeds from sale of U.S. Treasury securities NANANANA524,478
(Contributions) distributions (from) to investment in unconsolidated ventures, net 40,661(3,757)7,19118,1837,632
Change in other assets (10,000)0(52,500)(12,875)(73,875)
Principal payments from mortgage-backed and credit risk transfer securities 2,618,0032,818,9871,909,6322,602,1381,920,352
Proceeds from sale of mortgage-backed and credit risk transfer securities 2,851,7115,041,2493,266,040907,155659,959
Payments on sale of credit derivatives NA00(1,140)(6,017)
Payment of premiums for interest rate swaptions (8,813)(72,723)(10,328)(1,486)0
Payments for termination of futures, forwards, swaps and TBAs, net 0114,538(48,913)(33,945)(60,737)
Purchase of residential loans held-for-investment 0(1,857,673)(1,816,638)(372,305)0
Principal payments from residential loans held-for-investment 043,869255,662549,5650
Principal payments from commercial loans held-for-investment 0039992,79615,000
Origination and advances of commercial loans, net of origination fees 0(63,741)(83,483)(157,963)(85,033)
Net cash provided by investing activities (3,680,188)(2,303,142)(912,380)1,237,743130,663
Cash Flows from Financing Activities 
Proceeds from issuance of common stock 16,316396,46525619135
Repurchase of common stock 0(160,527)(21,130)(125,595)(25,000)
Cost of issuance of preferred stock 135,362(6)149,896(36)0
Due from counterparties 74,496(1,500)(54,679)(53,830)(138,959)
Change in collateral held payable (17,324)46,904(32,014)(9,990)(4,900)
Proceeds from repurchase agreements 153,409,971182,456,110141,072,770140,861,20497,653,895
Principal repayments of repurchase agreements (149,970,390)(182,697,053)(142,901,817)(142,357,783)(97,719,439)
Proceeds from issuance of exchangeable senior notes 0400,00000NA
Proceeds from asset-backed securities issued by securitization trusts 01,687,1271,525,905336,0770
Principal repayments of asset-backed securities issued by securitization trusts 0(41,722)(236,210)(518,150)0
Proceeds from secured loans 002,835,2472,325,000125,000
Principal repayments on secured loans 00(1,585,247)(1,925,000)(125,000)
Payments of deferred costs 0(16,181)(2,199)0(136)
Payments of dividends and distributions (306,443)(332,779)(264,528)(239,361)(153,572)
Net cash used in financing activities 3,341,9881,736,838486,250(1,707,273)(388,076)
Net change in cash and cash equivalents 89,250(75,862)(46,468)(110,945)(5,917)
Cash and cash equivalents, beginning of period 197,224286,474210,612164,14453,199
Cash and cash equivalents, end of period 286,474210,612164,14453,19947,282
Supplement Disclosure of Cash Flow Information 
Interest paid 234,507320,253193,275211,414116,401
Non-cash Investing and Financing Activities Information 
Net change in unrealized gain on mortgage-backed and credit risk transfer securities 486,879(262,661)511,857(189,693)259,010
Dividends and distributions declared not paid 79,16566,08761,75751,73450,921
Net change in investment related payable (receivable) 121,056(522,492)457,643(131,440)117,295
Repurchase agreements, not settled 27,841(27,842)49(50)NA
Collateral held payable, not settled 05,794(5,794)0NA
Swap terminated, not settled 0NANANANA
Change in due from counterparties 00(1,425)1,4257,807


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

Copyright 2017, © S&P Global Market Intelligence  Terms of Use