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Annaly Capital Management Cash Flow Statement

Operating, investing, and financing cash movements

Annaly Capital Management generated -$552.3M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)-$552.3MNet Cash From Investing (TTM)-$33.4BNet Cash From Financing (TTM)$34.1BNet Change In Cash (TTM)$382.9M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$16.1B
P/E Ratio7.38
ROE14.94%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$57.4M-$33.3M—$21.2M—-$48.2M
Change in other assets$53.1M$26.2M$11.1M—$8.4M-$22.4M
Net gains (losses) on investments$2.7M-$4.4M$0$4.1M-$13.5M-$5.3M
Net cash from operating activities$2.8B-$156.3M$180.7M$24.1M$644.3M-$1.4B
Net income$473.1M$130.3M$60.4M$843.1M$1B$290.5M
Accretion (Amortization) of Discounts and Premiums, Investments-$17.3M-$71.2M-$46.8M-$58.7M-$69.9M-$102.6M
Amortization Of Securitized Debt Premiums And Discounts Net—$2.7M$6.9M$8.9M$16.7M$21.2M
Depreciation, amortization and other noncash expenses$7.2M$9.2M$9.1M$7.8M$7.9M$9.6M
Gain (Loss) On Investments, Debt and Derivatives-$51.6M-$358.6M-$490.9M——-$359.9M
Equity in earnings (losses) of equity method investees$2.7M-$4.4M$0$4.1M-$13.5M-$5.3M
Increase (Decrease) in Interest and Dividends Receivable—-$230.8M-$6.2M—-$31M-$118.8M
Increase Decrease In Interest Payable Net-$8.1M$17.5M-$29.6M$28.8M$95.6M-$33.1M
Increase (Decrease) in Prepaid Expense and Other Assets$53.1M$26.2M$11.1M—$8.4M-$22.4M
Net receipts (payments) on derivatives$1.7B-$899.2M-$419.8M-$416.6M-$86.5M$182.2M
Payments For Purchase Of Loans, Operating Activities$20.3M$38.6M$66M$49.5M$108.2M$83.7M
Payments On U.S. Treasury securities$2B$1.9B$1.9B$1.9B$1.9B—
Proceeds from Dividends Received—$0———$296K
Proceeds From Sale Of Loans Held For Sale$10.9M$42.1M$72.2M$39M$81.9M$90.5M
Proceeds from U.S. Treasury securities$2.5B$2.5B$0$2.4B$2.4B$702.1M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distributions to noncontrolling interests$0-$4M$0-$18M-$21M-$25.3M
Dividends paid$401.6M$413.2M$459M$487.1M$523M$535.7M
Proceeds From Payments To Minority Shareholders$0-$4M$0-$18M-$21M-$25.3M
Repayments Of Secured Debt$916M$819.6M$1.1B$1.3B$1.9B$2.5B
Net cash from financing activities$3.4B-$1.2B$7.4B$11.8B$9.2B$5.7B
Payment of debt issuance costs$1.5M$7M$3.3M$616K$3M$451K
Proceeds from issuance of common stock$398M$495.5M$760.8M$1.1B$565.3M$508.3M
Taxes paid for net share settlement—$13.9M$14K$0$241K$19.2M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments For Securities Purchased Under Agreements To Resell$166.8B$172.2B$164.6B$173.8B$125.7B$54.3B
Payments to Acquire Mortgage Servicing Rights (MSR)$161.7M$387.1M$38.8M$284.1M$172.8M$500.9M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$2B$1.7B$2.1B$2B$2.5B$2.6B
Sale of investments$3.9B$7.3B$2.2B$2.2B$5.4B$4.1B
Proceeds from maturities of investments$271.4M$378.9M$438M$404.7M$128.2M$0
MSRs$0$1.9M———$0
Proceeds From Securities Purchased Under Agreements To Resell$166.8B$172.2B$164.6B$173.7B$125.7B$54.3B
Net cash from investing activities-$6.3B$1.7B-$7.3B-$11.8B-$9.9B-$4.4B
Net change in loans and leases$3.9B$3.9B$4.1B$4.7B$6B$7.2B
Proceeds from maturities/sales of investments$3.9B$7.3B$2.2B$2.2B$5.4B$4.1B
Purchases of investments$9.2B$4.4B$9.2B$13.1B$14.1B$6.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$345.5M$225.3M$37.9M—-$125.4M
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment—$230.3M$47.4M$115.7M$135.8M-$45M
Payments from Relief of Securitized Debt$0$4.4M$0$256.3M$225M$0
Payments On Repurchase Of Participating Mortgage Loans$450M$1.2B$1.9B$1.7B$2.2B$1.9B
Principal Payments On Participation Mortgage Loans Issued$4.9M$13.1M$29.7M$24.7M$21.4M$22.2M
Principal payments on repurchase agreements$1.7T$1.6T$1.6T$1.9T$2.1T$2T
Proceeds From Interest Received$995.3M$1B$983.9M$1.1B$1.2B$1.2B
Proceeds from participations issued$1.2B$1.8B$1.7B$2B$2.3B$2.4B
Proceeds from repurchase agreements and other secured financing$1.7T$1.5T$1.7T$1.9T$2.1T$2T
Distributions in excess of cumulative earnings from unconsolidated joint ventures$6.1M$3.4M$1.5M$1.8M$0$0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid (excluding interest paid on interest rate swaps)$924.2M$799.8M$870.1M$894.8M$881.2M$889.1M
Net interest received (paid) on interest rate swaps$296.9M$448M$277.6M$187M$217.1M$254.1M
Taxes received (paid)-$422K-$237K———-$364K