Email pagePDF viewPrint viewEmail Alert

As-Reported Income Statement

 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/201612/31/201712/31/201712/31/2017
(in thousands)    
Interest Income 
Agency Securities, net of amortization of premium and fees 450,927365,300225,796196,301
Credit Risk and Non-Agency Securities, including discount accretion 0036,57355,969
Interest-Only Securities 001,6262,163
Total Interest Income 450,927365,300263,995254,433
Interest expense- repurchase agreements (59,562)(59,278)(73,107)(94,558)
Interest expense- U.S. Treasury Securities sold short (5,551)NANANA
Net Interest Income 385,814306,022190,888159,875
Other Income (Loss) 
Realized loss on sale of Agency Securities (reclassified from Other comprehensive income (loss)) 68,770(11,546)(18,211)(8,486)
Other than temporary impairment of Agency Securities (reclassified from Other comprehensive income (loss)) 00(6,540)(13,707)
Gain on Credit Risk and Non-Agency Securities 0059,12065,672
Gain (loss) on Interest-Only Securities 006,431(2,966)
Gain (loss) on short sale of U.S. Treasury Securities (14,688)NANANA
Bargain purchase price on acquisition of JAVELIN 006,4840
Subtotal 54,082(11,546)47,28440,513
Realized loss on derivatives (118,716)(107,070)(452,398)(22,675)
Unrealized gain (loss) on derivatives (462,630)(181,662)206,21239,272
Subtotal, net of derivatives (581,346)(288,732)(246,186)16,597
Total Other Income (Loss) (527,264)(300,278)(198,902)57,110
Management fees 27,85727,29226,07026,582
Professional fees 3,7353,1175,2534,578
Insurance 7266901,010836
Compensation 2,7962,2912,2602,298
Other 2,4843,5592,9101,537
Total Expenses 37,59836,94937,50335,831
Net Income (Loss) (179,048)(31,205)(45,517)181,154
Dividends on preferred stock (15,620)(15,622)(15,622)(15,880)
Net Income (Loss) available (related) to common stockholders (194,668)(46,827)(61,139)165,274
Net Income (Loss) per share available (related) to common stockholders 
Basic (4.32)(1.09)(1.67)4.22
Diluted (4.32)(1.09)(1.67)4.17
Dividends declared per common share 4.83.893.022.28
Weighted average common shares outstanding 
Basic 44,65442,78036,69839,170
Diluted 44,65442,78036,69839,642
Net Income (Loss) (179,048)(31,205)(45,517)181,154
Other comprehensive income (loss) 
Reclassification adjustment for realized loss on sale of available for sale Agency Securities (68,770)11,54618,2118,486
Reclassification adjustment for other than temporary impairment of available for sale Agency Securities 006,54013,707
Net unrealized gain (loss) on available for sale Agency Securities 343,604(163,202)13,417(13,170)
Other comprehensive income (loss) 274,834(151,656)38,1689,023
Comprehensive Income (Loss) 95,786(182,861)(7,349)190,177

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

Copyright 2018, © S&P Global Market Intelligence  Terms of Use