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 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201412/31/201512/31/201512/31/20159/30/2016
(in thousands)     
Interest Income 
Mortgage-backed and credit risk transfer securities 566,830646,787579,062518,256347,573
Residential loans 034,12288,073110,9080
Commercial loans 01,4519,50815,33116,520
Total interest income 566,830682,360676,643644,495364,093
Interest Expense 
Repurchase agreements 237,405287,547188,699166,89297,952
Secured loans 002,5766,5798,149
Exchangeable senior notes 018,02322,46122,46116,847
Asset-backed securities 026,68268,15982,0410
Total interest expense 237,405332,252281,895277,973122,948
Net interest income 329,425350,108394,748366,522241,145
Reduction in provision for loan losses 0884(142)(213)0
Net interest income after reduction in provision for loan losses 329,425349,224394,890366,735241,145
Other Income (loss) 
Gain (loss) on investments, net 46,989(182,733)(87,168)(21,212)5,860
Equity in earnings of unconsolidated ventures 7,1695,3456,78612,6301,992
Gain (loss) on derivative instruments, net (4,232)40,003(487,469)(219,048)(293,528)
Realized and unrealized credit derivative income (loss), net 3,1151,127(2,866)19,78257,564
Other investment income (loss), net 00(2,045)944(3,617)
Total other income (loss) 53,041(136,258)(572,762)(206,904)(231,729)
Management fee - related party 35,65842,63937,59938,63225,292
General and administrative 4,0268,3689,1917,7695,769
Consolidated securitization trusts NA2,1376,0768,2190
Total expenses 39,68453,14452,86654,62031,061
Net income (loss) 342,782159,822(230,738)105,211(21,645)
Net income (loss) attributable to non-controlling interest 4,1081,667(2,632)1,241(235)
Net income (loss) attributable to Invesco Mortgage Capital Inc. 338,674158,155(228,106)103,970(21,410)
Dividends to preferred stockholders 5,39510,85117,37822,86417,148
Net income (loss) attributable to common stockholders 333,279147,304(245,484)81,106(38,558)
Earnings (loss) per share 
Net income (loss) attributable to common stockholders 
Basic 2.881.11(1.99)0.67(0.34)
Diluted 2.881.11(1.99)0.67(0.34)
Weighted average number of shares of common stock 
Basic 115,558,668132,714,012123,104,934121,377,585NA
Diluted 117,012,500134,173,691124,529,934122,843,838NA
Dividends declared per common share NANANANA1.2
Net income (loss) 342,782159,822(230,738)105,211(21,645)
Other comprehensive income (loss) 
Unrealized gain (loss) on mortgage-backed and credit risk transfer securities, net 574,384(891,261)431,198(185,416)270,591
Reclassification of unrealized (gain) loss on sale of mortgage-backed and credit risk transfer securities to gain (loss) on investments, net (48,215)199,44980,659(4,277)(11,581)
Unrealized gain (loss) on derivative instruments (182,272)263,13500NA
Reclassification of unrealized loss on derivative instruments to gain (loss) on derivatives, net 142,982166,01600NA
Reclassification of amortization of net deferred (gain) loss on de-designated interest rate swaps to repurchase agreements interest expense 0085,17666,75711,331
Currency translation adjustments on investment in unconsolidated venture NA00(32)(10)
Total other comprehensive income 486,879(262,661)597,033(122,968)270,331
Comprehensive income (loss) 829,661(102,839)366,295(17,757)248,686
Less - Comprehensive income (loss) attributable to non-controlling interest (10,049)1,029(4,188)245(3,157)
Less - Dividends to preferred stockholders (5,395)(10,851)(17,378)(22,864)(17,148)
Comprehensive income (loss) attributable to common stockholders 814,217(112,661)344,729(40,376)228,381

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