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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 11/06/2014
Entire Document
 


AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions) 
 
Nine months ended September 30,
 
2014
 
2013
Operating activities:
 
 
 
Net income
$
89

 
$
1,359

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Amortization of agency securities premiums and discounts, net
351

 
400

Amortization of accumulated other comprehensive loss on interest rate swaps de-designated as qualifying hedges
121

 
144

(Gain) loss on sale of agency securities, net
(17
)
 
742

Loss (gain) on derivative instruments and other securities, net
672

 
(1,007
)
Decrease (increase) in other assets
71

 
(54
)
Increase (decrease) in accounts payable and other accrued liabilities
7

 
(100
)
Net cash provided by operating activities
1,294

 
1,484

Investing activities:
 
 
 
Purchases of agency securities
(15,342
)
 
(71,313
)
Proceeds from sale of agency securities
25,404

 
57,992

Principal collections on agency securities
5,678

 
8,201

Purchases of U.S. Treasury securities
(28,889
)
 
(59,799
)
Proceeds from sale of U.S. Treasury securities
34,203

 
45,496

Net (payments on) proceeds from reverse repurchase agreements
(3,377
)
 
10,010

Net proceeds from (payments on) other derivative instruments
282

 
(696
)
Purchases of REIT equity securities
(204
)
 

Proceeds from sale of REIT equity securities
386

 

(Increase) decrease in restricted cash
(693
)
 
322

Other investing cash flows, net
(244
)
 

Net cash provided by investing activities
17,204

 
(9,787
)
Financing activities:
 
 
 
Proceeds from repurchase arrangements
216,945

 
421,185

Repayments on repurchase agreements
(235,151
)
 
(413,190
)
Repayments on debt of consolidated variable interest entities
(119
)
 
(180
)
Net proceeds from preferred stock issuance
169

 

Net proceeds from common stock issuance

 
1,803

Payments for common stock repurchases
(74
)
 
(270
)
Cash dividends paid
(703
)
 
(1,346
)
Net cash (used in) provided by financing activities
(18,933
)
 
8,002

Net change in cash and cash equivalents
(435
)
 
(301
)
Cash and cash equivalents at beginning of period
2,143

 
2,430

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

 
$
2,129

See accompanying notes to consolidated financial statements.

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