As Reported Financials

Source Document Currency Code (in thousands) 12/31/2014 USD 12/31/2015 USD 12/31/2016 USD 6/30/2017 USD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

Mortgage-backed and credit risk transfer securities, at fair value 17,348,657 17,248,895 16,065,935 14,981,331 16,083,284
Residential loans, held-for-investment 1,810,262 3,365,003 NA NA NA
Commercial loans, held-for-investment 64,599 145,756 209,062 273,355 278,866
Cash and cash equivalents 210,612 164,144 53,199 161,788 64,069
Due from counterparties 1,500 57,604 110,009 86,450 1,246
Investment related receivable 515,404 38,717 154,594 43,886 83,181
Accrued interest receivable 68,246 66,044 50,779 46,945 49,852
Derivative assets, at fair value 262,059 24,178 8,659 3,186 11,005
Deferred securitization and financing costs 13,894 13,080 NA NA NA
Other investments 54,403 106,498 NA NA NA
Other assets 1,343 1,098 115,072 109,297 102,428
Total assets 20,350,979 21,231,017 16,767,309 15,706,238 16,673,931

LIABILITIES AND EQUITY

Liabilities

Repurchase agreements 15,451,675 13,622,677 12,126,048 11,160,669 12,118,948
Secured loans 0 1,250,000 1,650,000 1,650,000 1,650,000
Asset-backed securities issued by securitization trusts 1,643,741 2,929,820 NA NA NA
Exchangeable senior notes, net 400,000 400,000 394,573 397,041 217,804
Derivative liabilities, at fair value 263,204 254,026 238,148 134,228 44,147
Dividends and distributions payable 66,087 61,757 51,734 50,924 50,930
Investment related payable 28,842 17,008 167 9,232 202,051
Accrued interest payable 26,492 29,670 21,604 21,066 14,987
Collateral held payable 52,698 14,890 4,900 1,700 3,471
Accounts payable and accrued expenses 4,304 2,439 2,376 1,534 1,790
Due to affiliate 10,701 9,880 10,851 9,660 9,709
Total liabilities 17,947,744 18,592,167 14,500,401 13,436,054 14,313,837

Equity

Preferred Stock
7.75% Series A Cumulative Redeemable Preferred Stock 135,356 135,356 135,356 135,356 135,356
7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock 0 149,860 149,860 149,860 149,860
Common Stock 1,245 1,231 1,136 1,116 1,116
Additional paid in capital 2,552,464 2,532,130 2,407,372 2,379,863 2,380,243
Accumulated other comprehensive income (165,621) 424,592 318,624 293,668 337,391
Retained earnings (distributions in excess of earnings) (147,329) (632,854) (771,313) (718,303) (673,625)
Total stockholders' equity 2,376,115 2,610,315 2,241,035 2,241,560 2,330,341
Non-controlling interest 27,120 28,535 25,873 28,624 29,753
Total equity 2,403,235 2,638,850 2,266,908 2,270,184 2,360,094
Total liabilities and equity 20,350,979 21,231,017 16,767,309 15,706,238 16,673,931
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.