MFA Financial, Inc. cash flow statement

In fiscal 2019, MFA Financial, Inc.'s operations generated $216m of cash; it spent $1.9m on capital projects, leaving free cash flow of $214m. It returned $362m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

MFA Financial, Inc.: cash flow statement, annual
Fiscal year	2008Dec 2008	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	LTMJun 2020
Cash from operations	187	270	246	334	310	298	256	278	179	177	148	216	186
Depreciation and amortisation	0	1	1	3	4	6	1	1	1	2	2	3	6
Stock-based pay	1	2	3	4	6	4	9	8	9	8	8	9	9
Capital spending	0	1	0	2	0	0	1	2	1	1	1	2	−0
Free cash flow	186	269	246	332	310	298	255	277	179	176	147	214	186
Free cash flow after stock pay	185	267	242	328	303	294	246	269	170	168	139	205	178
Dividends paid	131	222	260	329	341	595	295	297	298	309	330	362	272
Share buybacks	—	—	—	0	10	16	0	0	—	—	0	0	—
Shares issued	690	403	1	608	13	78	36	1	5	197	392	12	12

US$ millions unless shown otherwise. Fiscal quarters.

MFA Financial, Inc.: cash flow statement, quarterly
Quarter	2018 Q3Sept 2018	2018 Q4Dec 2018	2019 Q1Mar 2019	2019 Q2Jun 2019	2019 Q3Sept 2019	2019 Q4Dec 2019	2020 Q1Mar 2020	2020 Q2Jun 2020
Cash from operations	46	58	37	49	68	62	13	43
Depreciation and amortisation	1	0	0	1	1	1	4	0
Stock-based pay	1	4	1	2	1	5	1	2
Capital spending	0	0	0	1	0	1	0	−1
Free cash flow	46	58	37	48	67	62	13	44
Free cash flow after stock pay	45	53	36	46	66	57	12	43
Shares issued	390	1	1	1	8	3	1	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from MFA Financial, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MFA Financial, Inc.