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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 05/06/2015
Entire Document
 


AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions) 
 
Three months ended March 31,
 
2015
 
2014
Operating activities:
 
 
 
Net loss
$
(252
)
 
$
(141
)
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Amortization of agency securities premiums and discounts, net
133

 
142

Amortization of accumulated other comprehensive loss on interest rate swaps de-designated as qualifying hedges
29

 
43

(Gain) loss on sale of agency securities, net
(36
)
 
19

Loss on derivative instruments and other securities, net
549

 
378

(Increase) decrease in other assets
(4
)
 
60

Increase (decrease) in accounts payable and other accrued liabilities
1

 
(13
)
Net cash provided by operating activities
420

 
488

Investing activities:
 
 
 
Purchases of agency securities
(14,672
)
 
(1,403
)
Proceeds from sale of agency securities
7,099

 
9,545

Principal collections on agency securities
1,811

 
1,853

Purchases of U.S. Treasury securities
(21,929
)
 
(4,343
)
Proceeds from sale of U.S. Treasury securities
17,999

 
12,807

Net proceeds from (payments on) reverse repurchase agreements
2,043

 
(4,804
)
Net proceeds from other derivative instruments
99

 
58

Purchases of REIT equity securities
(11
)
 
(204
)
Proceeds from sale of REIT equity securities
11

 
86

Increase in restricted cash
(395
)
 
(168
)
Other investing cash flows, net
(28
)
 
(183
)
Net cash (used in) provided by investing activities
(7,973
)
 
13,244

Financing activities:
 
 
 
Proceeds from repurchase arrangements
120,104

 
79,314

Repayments on repurchase agreements
(112,288
)
 
(93,118
)
Repayments on debt of consolidated variable interest entities
(35
)
 
(36
)
Payments for common stock repurchases

 
(74
)
Cash dividends paid
(240
)
 
(235
)
Net cash provided by (used in) financing activities
7,541

 
(14,149
)
Net change in cash and cash equivalents
(12
)
 
(417
)
Cash and cash equivalents at beginning of period
1,720

 
2,143

Cash and cash equivalents at end of period
$
1,708

 
$
1,726

See accompanying notes to consolidated financial statements.

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