Print Page     Close Window     

SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 05/05/2016
Entire Document
 


AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions) 

 
Three Months Ended March 31,
 
2016
 
2015
Operating activities:
 
 
 
Net loss
$
(772
)
 
$
(252
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
 
 
 
Amortization of premiums and discounts on mortgage-backed securities, net
150

 
133

Amortization of accumulated other comprehensive loss on interest rate swaps de-designated as qualifying hedges
19

 
29

(Gain) loss on sale of mortgage-backed securities, net
2

 
(36
)
Loss on derivative instruments and other securities, net
933

 
549

(Increase) decrease in other assets
18

 
(4
)
Increase in accounts payable and other accrued liabilities
12

 
1

Net cash provided by operating activities
362

 
420

Investing activities:
 
 
 
Purchases of mortgage-backed securities
(7,370
)
 
(14,672
)
Proceeds from sale of mortgage-backed securities
3,513

 
7,099

Principal collections on mortgage-backed securities
1,604

 
1,811

Purchases of U.S. Treasury securities
(739
)
 
(21,929
)
Proceeds from sale of U.S. Treasury securities
2,164

 
17,999

Net proceeds from (payments on) reverse repurchase agreements
(1,450
)
 
2,043

Net proceeds from (payments on) other derivative instruments
(131
)
 
99

Purchases of REIT equity securities

 
(11
)
Proceeds from sale of REIT equity securities

 
11

Increase in restricted cash and cash equivalents
(424
)
 
(395
)
Other investing cash flows, net

 
(28
)
Net cash used in investing activities
(2,833
)
 
(7,973
)
Financing activities:
 
 
 
Proceeds from repurchase arrangements
62,155

 
120,104

Payments on repurchase agreements
(58,614
)
 
(112,288
)
Proceeds from Federal Home Loan Bank advances
2,098

 

Payments on Federal Home Loan Bank advances
(2,814
)
 

Payments on debt of consolidated variable interest entities
(31
)
 
(35
)
Payments for common stock repurchases
(116
)
 

Cash dividends paid
(208
)
 
(240
)
Net cash provided by financing activities
2,470

 
7,541

Net change in cash and cash equivalents
(1
)
 
(12
)
Cash and cash equivalents at beginning of period
1,110

 
1,720

Cash and cash equivalents at end of period
$
1,109

 
$
1,708

See accompanying notes to consolidated financial statements.

5


© AGNC Investment Corp All Rights Reserved