v3.23.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Cash and cash equivalents $ 232,392 $ 264,600
Non-Agency RMBS, at fair value (net of allowance for credit losses of $10 million and $7 million, respectively) 1,140,776 1,147,481
Agency MBS, at fair value 263,743 430,944
Loans held for investment, at fair value 12,382,047 11,359,236
Accrued interest receivable 73,022 61,768
Other assets 97,582 133,866
Derivatives, at fair value 14,199 4,096
Total assets [1] 14,203,761 13,401,991
Liabilities:    
Secured financing agreements 3,195,322 3,434,765
Securitized debt, collateralized by Non-Agency RMBS ($271 million and $276 million pledged as collateral, respectively) 77,742 78,542
Securitized debt at fair value, collateralized by Loans held for investment ($10.7 billion and $10.0 billion pledged as collateral, respectively) 7,507,228 7,100,742
Payable for investments purchased 660,047 9,282
Accrued interest payable 31,487 30,696
Dividends payable 63,880 64,545
Accounts payable and other liabilities 18,668 16,616
Total liabilities [1] 11,554,374 10,735,188
Commitments and Contingencies
Stockholders' Equity:    
Common stock: par value $0.01 per share; 500,000,000 shares authorized, 232,190,087 and 187,226,081 shares issued and outstanding, respectively 2,321 2,318
Additional paid-in-capital 4,320,803 4,318,388
Accumulated other comprehensive income 224,755 229,345
Cumulative earnings 4,096,308 4,038,942
Cumulative distributions to stockholders (5,995,172) (5,922,562)
Total stockholders' equity 2,649,387 2,666,803
Total liabilities and stockholders' equity 14,203,761 13,401,991
Series A Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 58 58
Series B Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 130 130
Series C Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 104 104
Series D Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: $ 80 $ 80
[1] The Company's consolidated statements of financial condition include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of March 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $10,494,798 and $10,199,266, respectively, and total liabilities of consolidated VIEs were $7,196,538 and $6,772,125, respectively. See Note 8 for further discussion.

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