Cash Flow StatementINVESCO MORTGAGE CAPITAL INC. (NYSE - IVR)  
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Cash Flows from Operating Activities 
Net income (loss) 159,822(217,540)114,055257,69894,032
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 180,121113,932117,288118,24827,196
Amortization of residential loans and asset-backed securities premiums (discounts), net 9942,761(656)0NA
Amortization of commercial loan origination fees (26)(9)(91)(302)(82)
Reduction in provision for loan losses 884(142)(213)0NA
Unrealized (gain) loss on derivative instruments, net 13,923215,499(9,597)(99,932)(13,438)
Unrealized (gain) loss on credit derivatives, net 86521,7534,623(42,817)(14,148)
(Gain) loss on investments, net 182,73384,40718,00517,5421,853
Realized (gain) loss on derivative instruments, net (56,279)72,18744,27257,943(14,918)
Realized (gain) loss on credit derivatives, net 001,1406,0170
Equity in (earnings) losses of unconsolidated ventures (5,345)(6,786)(12,630)(2,392)1,534
Amortization of equity-based compensation 317532557440116
Amortization of deferred securitization and financing costs 2,4463,0133,1462,468528
Amortization of net deferred losses on de-designated interest rate swaps 085,17666,7575,154(6,298)
Non-cash interest income capitalized in commercial loans (832)(768)00NA
Net loss on extinguishment of debt NANANANA4,711
(Gain) loss on foreign currency transactions, net 02,7181,9648,260(513)
Changes in operating assets and liabilities 
(Increase) decrease in operating assets (5,280)2,4735,6603,966(2,618)
Decrease in operating liabilities 16,0994564,305(2,578)(7,103)
Net cash provided by operating activities 490,442379,662358,585329,71570,852
Cash Flows from Investing Activities 
Purchase of mortgage-backed and credit risk transfer securities (8,323,891)(4,339,442)(2,352,380)(2,660,925)(1,846,444)
Purchase of U.S. Treasury securities NA00(403,105)NA
Proceeds from sale of U.S. Treasury securities NA00524,478NA
(Contributions to) distributions from investment in unconsolidated ventures, net (3,757)7,19118,1837,632(2,410)
Change in other assets 0(52,500)(12,875)623NA
Purchase of exchange-traded fund NANANANA(3,508)
Principal payments from mortgage-backed and credit risk transfer securities 2,818,9871,909,6322,602,1382,580,695553,882
Proceeds from sale of mortgage-backed and credit risk transfer securities 5,041,2493,266,040907,1551,034,295180,809
Payments on sale of credit derivatives 00(1,140)(6,017)0
Payment of premiums for interest rate swaptions (72,723)(10,328)(1,486)0NA
Proceeds from/ (payments for) settlement or termination of forwards, swaps and swaptions, net 114,538(48,913)(33,945)(56,458)14,918
Purchase of residential loans held-for-investment (1,857,673)(1,816,638)(372,305)0NA
Principal payments from residential loans held-for-investment 43,869255,662549,5650NA
Principal payments from commercial loans held-for-investment 039992,79615,000NA
Origination and advances of commercial loans, net of origination fees (63,741)(83,483)(157,963)(87,202)(2,014)
Net cash provided by (used in) investing activities (2,303,142)(912,380)1,237,743949,016(1,104,767)
Cash Flows from Financing Activities 
Proceeds from issuance of common stock 396,465256191350
Repurchase of common stock (160,527)(21,130)(125,595)(25,000)0
Proceeds from (cost of) issuance of preferred stock (6)149,896(36)0NA
Due from counterparties (1,500)(54,679)(53,830)29,4450
Change in collateral held payable 46,904(32,014)(9,990)(3,200)2,032
Proceeds from repurchase agreements 182,456,110141,072,770140,861,204127,056,24730,147,699
Principal repayments of repurchase agreements (182,697,053)(142,901,817)(142,357,783)(128,023,042)(29,017,053)
Proceeds from issuance of exchangeable senior notes 400,000NANANANA
Proceeds from asset-backed securities 1,687,1271,525,905336,0770NA
Principal repayments of asset-backed securities (41,722)(236,210)(518,150)0NA
Proceeds from secured loans 02,835,2472,325,000125,0000
Principal repayments of secured loans 0(1,585,247)(1,925,000)(125,000)0
Principal repayments of exchangeable senior notes NANANANA(153,750)
Payments of deferred costs (16,181)(2,199)0(136)0
Payments of dividends and distributions (332,779)(264,528)(239,361)(204,491)(50,924)
Net cash provided by (used in) financing activities 1,736,838486,250(1,707,273)(1,170,142)928,004
Net change in cash and cash equivalents (75,862)(46,468)(110,945)108,589(105,911)
Cash and cash equivalents, beginning of period 286,474210,612164,14453,199161,788
Cash and cash equivalents, end of period 210,612164,14453,199161,78855,877
Supplement Disclosure of Cash Flow Information 
Interest paid 320,253193,275211,414146,84051,058
Non-cash Investing and Financing Activities Information 
Net change in unrealized gain (loss) on mortgage-backed and credit risk transfer securities (262,661)498,659(198,537)(31,498)(17,139)
Dividends and distributions declared not paid 66,08761,75751,73450,92450,928
Net change in investment related payable (receivable) (522,492)457,643(131,440)115,304174,217
Net change in repurchase agreements, not settled (27,842)49(50)(1,416)(1,416)
Collateral held payable, not settled 5,794(5,794)00NA
Swap terminated, not settled NANANANA0
Change in due from counterparties 0(1,425)1,425(5,886)86,450


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.

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