NLY - NYSE
Annaly Capital Management, Inc.
$21.17
-0.61%Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.
At a Glance
Live SnapshotAnnaly Capital Management, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Annaly Capital Management, Inc. Cash Flow Statement
NLY • NYSE
| Annaly Capital Management, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
2B | 1B | -1.6B | 1.7B | 2.4B | -891.2M | -2.2B | 54.1M | 1.6B | 1.4B | 465.7M | -842.3M | 3.7B | 1.7B | 344.5M | 1.3B | 2B | 346.2M | 414.4M | 93.8M | |
280.7M | 30.4M | 24.8M | 20.5M | 24.6M | 22.7M | 31.6M | 72.4M | 26.6M | 34.8M | 20M | 4.6M | 2.6M | 4.1M | 2.3M | 1.6M | 2.3M | 4.1M | 66.6M | 65.2M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 140.9M | 109M | 980.3M | 1.9B | -1.6B | 1.3B | 195.7M | 9.3B | 154.8M | 0.0 | 0.0 | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.4M | 7M | 1.2M | 1.1M | 2.5M | 5.6M | 5.3M | 4.8M | 4.5M | 0.0 | 0.0 | 0.0 | |
-1.7B | 2.1B | 4.7B | 3.8B | 689.8M | 1.3B | 1.1B | 2.3B | 5.2B | 5.3B | -4.6B | 5.1B | -15.2B | 4.6B | 1.9B | 322.2M | -349.5M | 881.9M | -34.1M | 72.8M | |
(0.0) | (1.7M) | (0.0) | (492K) | (3.8M) | (0.0) | (0.0) | (295K) | (1.5M) | (934K) | (1.9M) | (8.3M) | (10.4M) | (52.6M) | (61M) | (36.7M) | (42.3M) | (18.9M) | (0.0) | (0.0) | |
112.4M | 148.4M | -694.5M | -223.1M | -33.9M | 92M | -188.6M | 188.9M | 27.5M | -33.4M | 7.3M | 16.9M | 134.4M | 40.9M | -49.5M | -1.6M | 9B | -122.7M | 78.5M | -10.2M | |
692.9M | 3.3B | 2.4B | 5.4B | 3.1B | 535.6M | -1.2B | 2.6B | 6.9B | 6.9B | -3.2B | 6.1B | -12.9B | 7.6B | 2.4B | 10.9B | 10.8B | 1.1B | 525.4M | 221.6M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | -863.1M | -396.8M | -1B | -538.1M | (0.0) | (0.0) | -381K | -11.5M | -174.2M | (0.0) | (0.0) | (0.0) | (67.5B) | -3.6M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (1.1B) | (6.3M) | (0.0) | -258.3M | (5.5M) | (41.7M) | (0.0) | (0.0) | -708.7M | -800K | -4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-40.7B | -32.2B | -41B | -45.5B | -22.3B | -91.5B | -64.1B | -45.4B | -102.4M | -243.6M | -583.6M | -38.8B | -984.7M | -86.2B | -69.1B | -25.5B | -25.2B | -26.4B | -33.1B | -23.2B | |
17.2B | 27.9B | 37.4B | 34.6B | 30.4B | 131.2B | 25.7B | 33.4B | 226.6M | 96.6M | 206.6M | 22.7B | 122.5M | 14.4M | 44B | 11.4B | 17.8B | 24.1B | 11.7B | 8.2B | |
-3.8B | -9.8B | -4.4B | -2.6B | -3.8B | 589.2M | 17.7B | 11.4B | -14.8B | -1.8B | 12B | 8.4B | 39.1B | -13.4M | -16.3M | 223.2M | -13.7M | 0.0 | 0.0 | 0.0 | |
-27.4B | -15B | -8.4B | -14.5B | (4.9B) | (40.4B) | -20.6B | -908.4M | -14.7B | -2.1B | (11.7B) | -7.8B | (37.5B) | -18.7B | -25.1B | -13.8B | -7.3B | -2.3B | -21.5B | -15B | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-14.2M | 1.6B | 673.7M | 2.6B | 552.2M | -669.4M | 1.6B | 1.5B | 2.3B | -102.7M | -114.3M | 0.0 | -141.1M | -256.1M | 5.4B | 1B | 4.9M | 2.2B | 2.5B | 935.1M | |
26.3B | 8B | 3.8B | 4.1B | 3B | -39.4B | 1.4B | -464.9M | 11.4B | 1.6B | -7.2B | 387.7M | -22.9B | 110M | 0.0 | 582M | 0.0 | 0.0 | 18.5B | 13.9B | |
-1.9B | -1.5B | -1.5B | -1.5B | -1.4B | -1.5B | -1.7B | -1.5B | -1.4B | -1.2B | -1.2B | -1.2B | -1.6B | -2.1B | -2B | -1.6B | -1.3B | -975.1M | -263.7M | -95.5M | |
-14.2M | -6.2M | (0.0) | (0.0) | (0.0) | -669.4M | -223.6M | -412.5M | -185.3M | -102.7M | -114.3M | (0.0) | -141.1M | -255.9M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
2.9B | 3.7B | 2.9B | 4.2B | -10.1B | 39.9M | 20.9B | 1.3B | -3.2M | -1.9M | 5.1M | 3.7B | 5.1M | 12.2B | 20.1B | 1.7B | -1.6B | 792.3M | 195.8M | 16M | |
27.2B | 11.8B | 5.9B | 9.4B | -7.9B | -41.5B | 22B | -684.4M | 12.2B | -5B | -8.5B | 2.9B | -24.7B | 10.7B | 23.4B | 1.8B | -2.9B | 2B | 21B | 14.9B | |
CASH FLOW SUMMARY | ||||||||||||||||||||
549.8M | 75.9M | -164.6M | 234.6M | 98.4M | -607M | 115M | 1B | -833.2M | -229.5M | 28M | 1.2B | -63.4M | -378.4M | 711.6M | -1.2B | 595.2M | 805.4M | 12.2M | 87M | |
1.5B | 1.4B | 1.6B | 1.3B | 1.2B | 1.9B | 1.7B | 706.6M | 1.5B | 1.8B | 1.7B | 552.4M | 615.8M | 994.2M | 282.6M | 1.5B | 909.4M | 104M | 91.8M | 4.8M | |
2B | 1.5B | 1.4B | 1.6B | 1.3B | 1.2B | 1.9B | 1.7B | 706.6M | 1.5B | 1.8B | 1.7B | 552.4M | 615.8M | 994.2M | 282.6M | 1.5B | 909.4M | 104M | 91.8M | |
-222.2M | 2.4B | 2B | 4.4B | 2.5B | 535.6M | -1.2B | 2.6B | 6.9B | 6.7B | -3.2B | 6.1B | -12.9B | 75.1B | 2.4B | 10.9B | 10.8B | 1.1B | 525.4M | 221.6M |
SEC Filings
NLY - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | April 30, 2026 | June 10, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 29, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 12, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 29, 2025 | December 29, 2025 | 2025 |
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