As-Reported Income StatementARMOUR RESIDENTIAL REIT, INC. (NYSE - ARR)  
 2015 Y2016 Y2017 Y2018 Y
Source Document12/31/201712/31/201812/31/201812/31/2018
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest Income 
Agency Securities, net of amortization of premium and fees 365,300225,796196,301218,391
Credit Risk and Non-Agency Securities, including discount accretion 036,57355,96956,427
Interest-Only Securities 01,6262,1631,667
U.S. Treasury Securities NA004,644
BUCKLER Subordinated loans NA002,019
Total Interest Income 365,300263,995254,433283,148
Interest expense- repurchase agreements (59,278)(73,107)(94,558)(154,230)
Net Interest Income 306,022190,888159,875128,918
Other Income (Loss) 
Realized loss on sale of Agency Securities (reclassified from Other comprehensive income (loss)) (11,546)(18,211)(8,486)(152,950)
Other than temporary impairment of Agency Securities (reclassified from Other comprehensive income (loss)) 0(6,540)(13,707)(12,090)
Gain (loss) on Credit Risk and Non-Agency Securities 059,12065,672(27,266)
Gain (loss) on Interest-Only Securities 06,431(2,966)(1,007)
Loss on U.S. Treasury Securities NA00(6,365)
Bargain purchase price on acquisition of JAVELIN 06,48400
Subtotal (288,732)47,28440,513(199,678)
Realized loss on derivatives (107,070)(452,398)(22,675)(47,497)
Unrealized gain on derivatives (181,662)206,21239,27249,316
Subtotal, net of derivatives (11,546)(246,186)16,5971,819
Total Other Income (Loss) (300,278)(198,902)57,110(197,859)
Expenses 
Management fees 27,29226,07026,58227,246
Professional fees 3,1175,2534,5784,978
Insurance 6901,010836660
Compensation 2,2912,2602,2983,774
Other 3,5592,9101,537367
Total Expenses 36,94937,50335,83137,025
Net Income (Loss) (31,205)(45,517)181,154(105,966)
Dividends on preferred stock (15,622)(15,622)(15,880)(17,032)
Net Income (Loss) available (related) to common stockholders (46,827)(61,139)165,274(122,998)
Net Income (Loss) per share available (related) to common stockholders 
Basic (1.09)(1.67)4.22(2.92)
Diluted (1.09)(1.67)4.17(2.92)
Dividends declared per common share 3.893.022.282.28
Weighted average common shares outstanding 
Basic 42,78036,69839,17042,128
Diluted 42,78036,69839,64242,128
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 
Net Income (Loss) (31,205)(45,517)181,154(105,966)
Other comprehensive income (loss) 
Reclassification adjustment for realized loss on sale of available for sale Agency Securities 11,54618,2118,486152,950
Reclassification adjustment for other than temporary impairment of available for sale Agency Securities 06,54013,70712,090
Net unrealized gain (loss) on available for sale Agency Securities (163,202)13,417(13,170)(188,799)
Other comprehensive income (loss) (151,656)38,1689,023(23,759)
Comprehensive Income (Loss) (182,861)(7,349)190,177(129,725)


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 2019, © S&P Global Market Intelligence  Terms of Use