Redwood Trust Inc cash flow statement

In fiscal 2023, Redwood Trust Inc's operations generated −$2.02bn of cash. It returned $88.4m in dividends.

Cash flow statement

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

Redwood Trust Inc: cash flow statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	LTMJun 2024
Cash from operations	18	−563	−222	−1,791	−1,250	−546	−1,713	−1,612	−1,166	−505	−5,695	−139	−2,016	−4,960
Depreciation and amortisation	2	2	0	1	1	1	1	1	10	17	17	16	15	14
Stock-based pay	9	10	14	11	12	13	10	14	15	15	19	24	19	23
Dividends paid	101	82	94	95	95	88	88	97	129	84	92	112	88	86
Share buybacks	7	—	0	0	86	28	8	16	0	22	0	56	0	—
Shares issued	9	39	9	10	7	0	0	143	451	6	22	68	124	124

US$ millions unless shown otherwise. Fiscal quarters.

Redwood Trust Inc: cash flow statement, quarterly
Quarter	2022 Q3Sept 2022	2022 Q4Dec 2022	2023 Q1Mar 2023	2023 Q2Jun 2023	2023 Q3Sept 2023	2023 Q4Dec 2023	2024 Q1Mar 2024	2024 Q2Jun 2024
Cash from operations	361	−10	102	−78	−891	−1,148	−954	−1,966
Depreciation and amortisation	4	4	4	4	4	4	3	3
Stock-based pay	5	5	6	6	5	4	6	7
Shares issued	0	0	0	0	33	91	0	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 Redwood Trust 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 Redwood Trust Inc.