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	2015 - 2019
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	2015 - 2019
Net Income	64.13	-62.03	-48.67	-298.61	193.2	-288.51	Upgrade
Depreciation & Amortization	43.55	60.04	52.12	152.96	51.39	14.74	Upgrade
Gain on Sale of Loans & Receivables	2.64	-	-	-	-	54.12	Upgrade
Loss (Gain) From Sale of Investments	-3.6	20.78	16.02	293.53	-117.1	308.22	Upgrade
Asset Writedown & Restructuring Costs	10.17	48.88	89.55	2.45	-	26.98	Upgrade
Provision for Credit Losses	-17.15	-2.7	-59.77	-	-	-	Upgrade
Loss (Gain) on Equity Investments	21.64	-2.57	-2.7	19.67	7.87	-24.24	Upgrade
Stock-Based Compensation	8.33	6.07	8.83	11.9	10.24	9.92	Upgrade
Net Decrease (Increase) in Loans Originated / Sold - Operating	-26.34	-	-	-	-	-	Upgrade
Change in Other Net Operating Assets	4.59	-15.04	-16.75	-14.79	-3.7	9.26	Upgrade
Other Operating Activities	18.75	-29.37	-28.34	-44.26	-3.14	0.27	Upgrade
Operating Cash Flow	101.08	14.07	29.95	91.78	138.91	110.76	Upgrade
Operating Cash Flow Growth	-	-53.02%	-67.36%	-33.93%	25.42%	215.53%	Upgrade
Cash Acquisitions	-16.73	-	0.1	-170.67	-233.26	0.33	Upgrade
Divestitures	-1.46	-3.96	-	-	-	-	Upgrade
Investment in Securities	-3,372	-1,878	-1,863	146.26	579.06	1,388	Upgrade
Net Decrease (Increase) in Loans Originated / Sold - Investing	-105.45	-573.66	474.61	-377.43	-440.7	752.32	Upgrade
Other Investing Activities	-12.97	78.95	-3.3	1.78	-0.1	-28.71	Upgrade
Investing Cash Flow	-3,333	-2,244	-1,220	-508.78	-132.95	2,118	Upgrade
Long-Term Debt Issued	-	2,946	1,730	1,152	678.85	649.36	Upgrade
Total Debt Issued	4,168	2,946	1,730	1,152	678.85	649.36	Upgrade
Long-Term Debt Repaid	-	-584.44	-400.07	-441.76	-483.81	-3,060	Upgrade
Total Debt Repaid	-848.45	-584.44	-400.07	-441.76	-483.81	-3,060	Upgrade
Net Debt Issued (Repaid)	3,319	2,361	1,330	710.46	195.05	-2,411	Upgrade
Issuance of Preferred Stock	5.03	-	-	-	210.74	-	Upgrade
Preferred Share Repurchases	-	-	-2.44	-	-183.45	-	Upgrade
Issuance of Common Stock	-	-	-	-	-	511.92	Upgrade
Repurchase of Common Stock	-1.5	-3.49	-8.62	-44.4	-	-	Upgrade
Common Dividends Paid	-72.83	-74.95	-128.8	-151.75	-151.62	-105.49	Upgrade
Preferred Dividends Paid	-44.78	-41.76	-41.89	-41.4	-43.23	-41.07	Upgrade
Total Dividends Paid	-117.61	-116.7	-170.7	-193.16	-194.85	-146.56	Upgrade
Other Financing Activities	-7.42	-12.52	-8.86	-12.83	-0.08	-	Upgrade
Financing Cash Flow	3,198	2,229	1,140	460.07	27.41	-2,046	Upgrade
Net Cash Flow	-34.28	-1.62	-50.3	43.08	33.37	182.88	Upgrade
Cash Interest Paid	418.28	344.73	249.85	161.25	71.91	292.06	Upgrade
Cash Income Tax Paid	0.58	-0.03	0.23	2.67	0.3	1.52	Upgrade

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.