v3.23.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents $ 200,940 $ 264,600
Non-Agency RMBS, at fair value (net of allowance for credit losses of $13 million and $7 million, respectively) 1,092,205 1,147,481
Agency MBS, at fair value 136,326 430,944
Loans held for investment, at fair value 11,929,537 11,359,236
Accrued interest receivable 71,281 61,768
Other assets 73,026 133,866
Derivatives, at fair value 6,328 4,096
Total assets [1] 13,509,643 13,401,991
Liabilities:    
Secured financing agreements ($3.9 billion and $4.7 billion pledged as collateral, respectively, and includes $354 million and $374 million at fair value, respectively) 2,686,522 3,434,765
Securitized debt, collateralized by Non-Agency RMBS ($262 million and $276 million pledged as collateral, respectively) 77,195 78,542
Securitized debt at fair value, collateralized by Loans held for investment ($11.4 billion and $10.0 billion pledged as collateral, respectively) 8,041,276 7,100,742
Payable for investments purchased 7,071 9,282
Accrued interest payable 37,425 30,696
Dividends payable 52,344 64,545
Accounts payable and other liabilities 28,407 16,616
Total liabilities [1] 10,930,240 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 2,263 2,318
Additional paid-in-capital 4,289,449 4,318,388
Accumulated other comprehensive income 210,674 229,345
Cumulative earnings 4,132,332 4,038,942
Cumulative distributions to stockholders (6,055,687) (5,922,562)
Total stockholders' equity 2,579,403 2,666,803
Total liabilities and stockholders' equity 13,509,643 13,401,991
Variable Interest Entities, Primary Beneficiary    
Non-Agency RMBS, at fair value (net of allowance for credit losses of $13 million and $7 million, respectively) 262,440 276,030
Loans held for investment, at fair value 10,780,926 9,855,390
Accrued interest receivable 56,713 47,553
Other assets 16,408 20,293
Total assets 11,116,487 10,199,266
Liabilities:    
Securitized debt, collateralized by Non-Agency RMBS ($262 million and $276 million pledged as collateral, respectively) 77,195 78,542
Securitized debt at fair value, collateralized by Loans held for investment ($11.4 billion and $10.0 billion pledged as collateral, respectively) 7,652,488 6,673,917
Accrued interest payable 24,263 17,427
Accounts payable and other liabilities 2,210 2,239
Total liabilities 7,756,156 6,772,125
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 June 30, 2023, and December 31, 2022, total assets of consolidated VIEs were $11,116,487 and $10,199,266, respectively, and total liabilities of consolidated VIEs were $7,756,156 and $6,772,125, respectively. See Note 8 for further discussion.

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