Adamas Trust Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	64.13	-62.03	-48.67	-298.61	193.2	-288.51
Depreciation & Amortization	43.55	60.04	52.12	152.96	51.39	14.74
Gain on Sale of Loans & Receivables	2.64	-	-	-	-	54.12
Loss (Gain) From Sale of Investments	-3.6	20.78	16.02	293.53	-117.1	308.22
Asset Writedown & Restructuring Costs	10.17	48.88	89.55	2.45	-	26.98
Provision for Credit Losses	-17.15	-2.7	-59.77	-	-	-
Loss (Gain) on Equity Investments	21.64	-2.57	-2.7	19.67	7.87	-24.24
Stock-Based Compensation	8.33	6.07	8.83	11.9	10.24	9.92
Net Decrease (Increase) in Loans Originated / Sold - Operating	-26.34	-	-	-	-	-
Change in Other Net Operating Assets	4.59	-15.04	-16.75	-14.79	-3.7	9.26
Other Operating Activities	18.75	-29.37	-28.34	-44.26	-3.14	0.27
Operating Cash Flow	101.08	14.07	29.95	91.78	138.91	110.76
Operating Cash Flow Growth	-	-53.02%	-67.36%	-33.93%	25.42%	215.53%
Cash Acquisitions	-16.73	-	0.1	-170.67	-233.26	0.33
Divestitures	-1.46	-3.96	-	-	-	-
Investment in Securities	-3,372	-1,878	-1,863	146.26	579.06	1,388
Net Decrease (Increase) in Loans Originated / Sold - Investing	-105.45	-573.66	474.61	-377.43	-440.7	752.32
Other Investing Activities	-12.97	78.95	-3.3	1.78	-0.1	-28.71
Investing Cash Flow	-3,333	-2,244	-1,220	-508.78	-132.95	2,118
Long-Term Debt Issued	-	2,946	1,730	1,152	678.85	649.36
Total Debt Issued	4,168	2,946	1,730	1,152	678.85	649.36
Long-Term Debt Repaid	-	-584.44	-400.07	-441.76	-483.81	-3,060
Total Debt Repaid	-848.45	-584.44	-400.07	-441.76	-483.81	-3,060
Net Debt Issued (Repaid)	3,319	2,361	1,330	710.46	195.05	-2,411
Issuance of Preferred Stock	5.03	-	-	-	210.74	-
Preferred Share Repurchases	-	-	-2.44	-	-183.45	-
Issuance of Common Stock	-	-	-	-	-	511.92
Repurchase of Common Stock	-1.5	-3.49	-8.62	-44.4	-	-
Common Dividends Paid	-72.83	-74.95	-128.8	-151.75	-151.62	-105.49
Preferred Dividends Paid	-44.78	-41.76	-41.89	-41.4	-43.23	-41.07
Total Dividends Paid	-117.61	-116.7	-170.7	-193.16	-194.85	-146.56
Other Financing Activities	-7.42	-12.52	-8.86	-12.83	-0.08	-
Financing Cash Flow	3,198	2,229	1,140	460.07	27.41	-2,046
Net Cash Flow	-34.28	-1.62	-50.3	43.08	33.37	182.88
Cash Interest Paid	418.28	344.73	249.85	161.25	71.91	292.06
Cash Income Tax Paid	0.58	-0.03	0.23	2.67	0.3	1.52

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.