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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 08/05/2016
Entire Document
 


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

 
Six Months Ended June 30,
 
2016
 
2015
Operating activities:
 
 
 
Net income (loss)
$
(907
)
 
$
260

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
 
 
 
Amortization of premiums and discounts on mortgage-backed securities, net
284

 
202

Amortization of accumulated other comprehensive loss on interest rate swaps de-designated as qualifying hedges
31

 
55

Stock based compensation
1

 

Gain on sale of mortgage-backed securities, net
(53
)
 
(14
)
Loss on derivative instruments and other securities, net
1,300

 
312

Decrease in other assets
23

 
56

Increase in accounts payable and other accrued liabilities
9

 

Net cash provided by operating activities
688

 
871

Investing activities:
 
 
 
Purchases of mortgage-backed securities
(13,453
)
 
(18,882
)
Proceeds from sale of mortgage-backed securities
11,076

 
18,006

Principal collections on mortgage-backed securities
3,690

 
4,106

Purchases of U.S. Treasury securities
(1,819
)
 
(36,811
)
Proceeds from sale of U.S. Treasury securities
2,947

 
30,854

Net proceeds from (payments on) reverse repurchase agreements
(1,269
)
 
2,477

Net payments on other derivative instruments
(609
)
 
(3
)
Purchases of REIT equity securities

 
(11
)
Proceeds from sale of REIT equity securities
4

 
11

Increase in restricted cash and cash equivalents
(141
)
 
(65
)
Other investing cash flows, net

 
(13
)
Net cash provided by (used in) investing activities
426

 
(331
)
Financing activities:
 
 
 
Proceeds from repurchase arrangements
134,605

 
232,533

Payments on repurchase agreements
(134,389
)
 
(232,651
)
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
(64
)
 
(80
)
Payments for common stock repurchases
(116
)
 
(79
)
Cash dividends paid
(413
)
 
(473
)
Net cash used in financing activities
(1,093
)
 
(750
)
Net change in cash and cash equivalents
21

 
(210
)
Cash and cash equivalents at beginning of period
1,110

 
1,720

Cash and cash equivalents at end of period
$
1,131

 
$
1,510

See accompanying notes to consolidated financial statements.

5


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