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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents $ 264,600 $ 385,741
Non-Agency RMBS, at fair value (net of allowance for credit losses of $7 million and $213 thousand, respectively) 1,147,481 1,810,208
Agency RMBS, at fair value 15,148 60,487
Agency CMBS, at fair value 415,796 761,208
Loans held for investment, at fair value 11,359,236 12,261,926
Accrued interest receivable 61,768 69,513
Other assets 133,866 58,320
Derivatives, at fair value 4,096 0
Total assets [1] 13,401,991 15,407,403
Liabilities:    
Secured financing agreements 3,434,765 3,261,613
Securitized debt, collateralized by Non-Agency RMBS ($276 million and $365 million pledged as collateral, respectively) 78,542 87,999
Securitized debt at fair value, collateralized by Loans held for investment ($10.0 billion and $11.0 billion pledged as collateral, respectively) 7,100,742 7,726,043
Payable for investments purchased 9,282 477,415
Accrued interest payable 30,696 20,416
Dividends payable 64,545 86,152
Accounts payable and other liabilities 16,616 11,574
Total liabilities [1] 10,735,188 11,671,212
Commitments and Contingencies
Stockholders' Equity:    
Common stock: par value $0.01 per share; 500,000,000 shares authorized, 232,190,087 and 187,226,081 shares issued and outstanding, respectively 2,318 2,370
Additional paid-in-capital 4,318,388 4,359,045
Accumulated other comprehensive income 229,345 405,054
Cumulative earnings 4,038,942 4,552,008
Cumulative distributions to stockholders (5,922,562) (5,582,658)
Total stockholders' equity 2,666,803 3,736,191
Total liabilities and stockholders' equity 13,401,991 15,407,403
Series A Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 58 58
Series B Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 130 130
Series C Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 104 104
Series D Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: $ 80 $ 80
[1] The Company's consolidated statements of financial condition include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of December 31, 2022, and December 31, 2021, total assets of consolidated VIEs were $10,199,266 and $10,666,591, respectively, and total liabilities of consolidated VIEs were $6,772,125 and $7,223,655, respectively. See Note 9 for further discussion.