← Armour Residential REIT, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($229.9m) | ($67.9m) | ($14.4m) | $322.7m | |
| Net Income (Loss) Attributable to Parent | ($45.5m) | $181.2m | ($106.0m) | ($249.9m) | ($215.1m) | $15.4m | ($229.9m) | ($67.9m) | ($14.4m) | $322.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($61.1m) | $165.3m | ($123.0m) | ($265.5m) | ($224.9m) | $3.9m | ($241.9m) | ($79.9m) | ($26.4m) | $310.6m | |
| Amortization Of Securities | — | — | — | — | — | — | ($1.9m) | $131k | $0 | $90k | |
| Share-based Payment Arrangement, Noncash Expense | $881k | $937k | $2.4m | $2.7m | $4.1m | $4.8m | $3.7m | $3.2m | $3.2m | $2.1m | |
| Income Tax Expense (Benefit) | — | — | — | $25k | — | — | — | — | — | — | |
| Additional Financial Items | |||||||||||
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $1.0m | $0 | — | $0 | $0 | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($152.9m) | $9.6m | $143.9m | $11.0m | ($7.5m) | ($7.5m) | $0 | $0 | |
| Debt Securities, Trading, Gain (Loss) | $0 | $0 | $6.4m | $22.2m | $19.6m | ($77.1m) | ($946.7m) | ($52.7m) | ($348.6m) | $514.8m | |
| Gain (Loss) on Sale of Derivatives | ($452.4m) | ($22.7m) | ($47.5m) | ($214.0m) | ($378.2m) | ($98.1m) | ($130.1m) | $4.1m | $0 | $0 | |
| Operating Expenses | $37.5m | $35.8m | $37.0m | $38.5m | $40.8m | $43.5m | $45.6m | $50.2m | $60.2m | $61.3m | |
| Unrealized Gain (Loss) on Derivatives | $206.2m | $39.3m | $49.3m | ($136.1m) | $94.1m | $150.3m | ($130.1m) | $4.1m | $0 | $0 | |
| Beginning Cash Position | — | — | — | — | — | — | $356.2m | $118.1m | $258.9m | $146.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $3.5b | $3.0b | $1.3b | $7.3b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.9b) | ($3.0b) | ($1.7b) | ($7.3b) | |
| Change In Account Payable | — | — | — | — | — | — | $25.2m | $9.4m | $2.3m | $20.9m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($783.3m) | $99.1m | ($34.4m) | $314.5m | |
| Change In Payable | — | — | — | — | — | — | $25.2m | $9.4m | $2.3m | $20.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $25.2m | $9.4m | $2.3m | $20.9m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.0m) | $841k | ($159k) | ($287k) | |
| Change In Receivables | — | — | — | — | — | — | ($17.7m) | ($18.5m) | ($5.9m) | ($32.9m) | |
| Change In Working Capital | — | — | — | — | — | — | ($776.8m) | $90.8m | ($38.1m) | $302.2m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($17.7m) | ($18.5m) | ($5.9m) | ($32.9m) | |
| Changes In Cash | — | — | — | — | — | — | ($238.1m) | $140.8m | ($112.7m) | $143.8m | |
| End Cash Position | — | — | — | — | — | — | $118.1m | $258.9m | $146.2m | $290.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $3.5b | $3.0b | $1.3b | $7.3b | |
| Free Cash Flow | — | — | — | — | — | — | $124.1m | $132.8m | $261.5m | $124.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $152.3m | $43.1m | ($37.6m) | $10.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.9b) | ($3.0b) | ($1.7b) | ($7.3b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $475.5m | $450.1m | $265.7m | $878.2m | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $4.1m | |
| Operating Gains Losses | — | — | — | — | — | — | $1.1b | $103.2m | $311.0m | ($504.8m) | |
| Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $4.1m | |
| Preferred Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($7.7m) | ($9.9m) | ($1.3m) | ($19.9m) | |
| Stock Based Compensation | — | — | — | — | — | — | $3.7m | $3.2m | $3.2m | $2.1m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($246.2m) | $16.6m | $1.8m | ($350.1m) | ($284.2m) | $52.2m | $810.8m | $51.7m | $323.5m | ($285.7m) | |
| Other Operating Income (Expense), Net | — | — | ($367k) | ($1.5m) | ($1.1m) | ($2.3m) | ($6.4m) | ($7.0m) | ($15.8m) | ($12.3m) | |
| Net Cash Provided by (Used in) Operating Activities | ($203.4m) | $110.1m | $75.2m | ($40.7m) | ($257.8m) | $11.7m | $124.1m | $132.8m | $261.5m | $124.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Businesses, Net of Cash Acquired | $73.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments to Acquire Investments | — | — | — | $11.0b | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $551.1m | ($195.6m) | $180.8m | ($1.1b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($4.8b) | ($1.5b) | ($869.3m) | ($1.7b) | |
| Sale Of Investment | — | — | — | — | — | — | $5.4b | $1.3b | $1.1b | $603.5m | |
| Net Other Investing Changes | — | — | — | — | — | — | $792.5m | ($103.5m) | ($26.3m) | ($414.4m) | |
| Net Cash Provided by (Used in) Investing Activities | $5.7b | ($896.8m) | $466.3m | ($4.4b) | $7.1b | $503.6m | ($3.9b) | ($3.0b) | ($1.7b) | ($7.3b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1.3b | $775.2m | $691.9m | $1.7b | $1.2b | $871.0m | $573.6m | $803.2m | $1.1b | $1.7b | |
| Proceeds from Issuance of Common Stock | $0 | $133.2m | $38.0m | $321.9m | $54.6m | $328.8m | $475.5m | $450.1m | $265.7m | $874.1m | |
| Common Stock Issuance | — | — | — | — | — | — | $475.5m | $450.1m | $265.7m | $874.1m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $467.9m | $440.2m | $264.3m | $854.2m | |
| Payments for Repurchase of Common Stock | $14.7m | $0 | $0 | $17.0m | $777k | $0 | $7.7m | $9.9m | $1.3m | $19.9m | |
| Payments of Ordinary Dividends, Common Stock | $111.0m | $89.4m | $97.0m | $124.5m | $75.5m | $96.6m | $142.4m | $216.2m | $150.9m | $271.4m | |
| Common Stock Payments | — | — | — | — | — | — | ($7.7m) | ($9.9m) | ($1.3m) | ($19.9m) | |
| Payments of Dividends | $126.6m | $105.3m | $114.1m | $140.5m | $86.6m | $108.1m | $154.4m | $228.2m | $163.0m | $283.5m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($154.4m) | ($228.2m) | ($162.9m) | ($283.5m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($142.4m) | ($216.2m) | ($150.9m) | ($271.4m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($12.0m) | ($12.0m) | ($12.0m) | ($12.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($5.5b) | $780.2m | ($591.7m) | $4.5b | ($6.9b) | ($330.8m) | $3.5b | $3.0b | $1.3b | $7.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | $184.5m | ($238.1m) | $140.8m | ($112.7m) | $143.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $232.2m | $273.2m | $171.7m | $356.2m | $118.1m | $258.9m | $146.2m | $290.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($238.1m) | $140.8m | ($112.7m) | $143.8m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $193.9m | $164.9m | $252.4m | $425.7m | $183.4m | $21.3m | $137.0m | $607.0m | $686.2m | $735.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.