Two Harbors Investment Corp. (TWO)

Two Harbors Investment Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	298.17	-106.37	220.24	187.23
Other Amortization	2.05	2.59	2.68	3
Gain on Sale of Loans & Receivables	-1.49	-	-0.01	-1.81
Loss (Gain) From Sale of Investments	-91.6	272.37	663.2	73.68
Stock-Based Compensation	10.95	10.98	11.63	11.49
Net Decrease (Increase) in Loans Originated / Sold - Operating	-1.4	-0.05	-0.23	1.77
Change in Accounts Payable	-55.78	47.74	75.65	-3.28
Change in Other Net Operating Assets	-58.15	-5.45	-19.87	9.63
Other Operating Activities	91.21	124.7	-425.38	114.94
Operating Cash Flow	201	343.51	623.4	423.51
Operating Cash Flow Growth	-41.48%	-44.90%	47.20%	-32.95%
Cash Acquisitions	-20.98	26.8	-	-
Sale (Purchase) of Intangibles	-4.35	-178.7	-367.98	-710.37
Investment in Securities	755.53	-541.51	-1,766	6,927
Other Investing Activities	165.07	497.63	-617.48	97.07
Investing Cash Flow	895.28	-195.78	-2,751	6,314
Short-Term Debt Issued	49.71	-	-	-
Long-Term Debt Issued	46,590	37,450	36,647	30,511
Total Debt Issued	46,639	37,450	36,647	30,511
Short-Term Debt Repaid	-47.67	-	-	-
Long-Term Debt Repaid	-47,419	-37,936	-35,147	-37,725
Total Debt Repaid	-47,467	-37,936	-35,147	-37,725
Net Debt Issued (Repaid)	-827.57	-486.6	1,501	-7,214
Preferred Share Repurchases	-11.1	-14.81	-51.4	-274.95
Issuance of Common Stock	0.24	275.67	6.61	450.6
Repurchase of Common Stock	-	-7.06	-	-
Common Dividends Paid	-187.68	-197.64	-235.37	-193.49
Preferred Dividends Paid	-47.36	-48.96	-54.99	-63.66
Total Dividends Paid	-235.05	-246.6	-290.36	-257.15
Financing Cash Flow	-1,073	-479.4	1,166	-7,295
Net Cash Flow	22.81	-331.67	-962.17	-557.76
Cash Interest Paid	618.66	565.83	153.18	81.25
Cash Income Tax Paid	9.26	7.38	-1.58	-23.32

Updated Feb 2, 2026. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q