REDWOOD TRUST INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-70.0M | $54.0M | $-2.3M | $-163.5M | $319.6M | $-581.8M | $169.2M | $119.6M |
| Depreciation & Amortization | $10.1M | $11.9M | $14.9M | $15.9M | $16.8M | $17.4M | $10.1M | $1.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $8.0M | $9.0M | $12.0M | $14.0M | $15.0M | $16.0M | $9.0M | — |
| Stock-Based Compensation | — | — | $19.1M | $23.9M | $18.9M | $15.3M | $15.0M | $13.7M |
| Net Cash from Operating Activities | $-10.09B | $-5.86B | $-2.02B | $-139.1M | $-5.69B | $-505.5M | $-1.17B | $-1.61B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | $0 | $0 | $40.6M | $0 | $0 | $3.7M | $10.0M |
| Net Cash from Investing Activities | $4.53B | $2.54B | $908.7M | $213.9M | $1.40B | $4.07B | $1.03B | $-12.8M |
| Financing Activities | ||||||||
| Dividends Paid | $99.0M | $92.9M | $88.4M | $111.7M | $91.7M | $84.0M | $129.5M | $96.8M |
| Stock Repurchases | $51.8M | $0 | $0 | $56.5M | $0 | $21.7M | $0 | $16.3M |
| Net Cash from Financing Activities | $5.70B | $3.27B | $1.15B | $-276.9M | $4.28B | $-3.31B | $225.5M | $1.68B |
| Net Change in Cash | $136.2M | $-55.9M | $39.4M | $-202.1M | $-13.0M | $253.6M | $85.8M | $58.3M |
| Free Cash Flow | — | — | — | — | — | — | — | — |