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 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
(in thousands)     
Interest Income 
Mortgage-backed and credit risk transfer securities 646,787589,499523,893456,444118,873
Residential loans 34,12288,073110,9080NA
Commercial loans 1,4519,50815,33122,2385,764
Total interest income 682,360687,080650,132478,682124,637
Interest Expense 
Repurchase agreements 287,547188,699166,892124,00029,947
Secured loans 02,5766,57910,8873,413
Exchangeable senior notes 18,02322,46122,46122,4675,008
Asset-backed securities 26,68268,15982,0410NA
Total interest expense 332,252281,895277,973157,35438,368
Net interest income 350,108405,185372,159321,32886,269
Reduction in provision for loan losses 884(142)(213)0NA
Net interest income after reduction in provision for loan losses 349,224405,327372,372321,328NA
Other Income (loss) 
Gain (loss) on investments, net (182,733)(84,407)(18,005)(17,542)(1,853)
Equity in earnings (losses) of unconsolidated ventures 5,3456,78612,6302,392(1,534)
Gain (loss) on derivative instruments, net 40,003(487,469)(219,048)(62,815)5,462
Realized and unrealized credit derivative income (loss), net 1,127(2,866)19,78261,14319,955
Net loss on extinguishment of debt NANANANA(4,711)
Other investment income (loss), net 0(2,045)944(5,002)1,329
Total other income (loss) (136,258)(570,001)(203,697)(21,824)18,648
Management fee - related party 42,63937,59938,63234,5418,801
General and administrative 8,3689,1917,7697,2652,084
Consolidated securitization trusts 2,1376,0768,2190NA
Total expenses 53,14452,86654,62041,80610,885
Net income (loss) 159,822(217,540)114,055257,69894,032
Net income (loss) attributable to non-controlling interest 1,667(2,482)1,3443,2871,186
Net income (loss) attributable to Invesco Mortgage Capital Inc. 158,155(215,058)112,711254,41192,846
Dividends to preferred stockholders 10,85117,37822,86422,8645,716
Net income (loss) attributable to common stockholders 147,304(232,436)89,847231,54787,130
Earnings (loss) per share 
Net income (loss) attributable to common stockholders 
Basic 1.11(1.89)0.742.070.78
Diluted 1.11(1.89)0.741.980.73
Weighted average number of shares of common stock 
Basic 132,714,012123,104,934121,377,585111,973,404NA
Diluted 134,173,691124,529,934122,843,838130,254,003NA
Dividends declared per common share NANANANA0.4
Net income (loss) 159,822(217,540)114,055257,69894,032
Other comprehensive income (loss) 
Unrealized gain (loss) on mortgage-backed and credit risk transfer securities, net (891,261)420,761(191,053)(37,632)16,289
Reclassification of unrealized (gain) loss on sale of mortgage-backed and credit risk transfer securities to gain (loss) on investments, net 199,44977,898(7,484)6,134850
Unrealized gain (loss) on derivative instruments 263,135NANANANA
Reclassification of unrealized loss on derivative instruments to gain (loss) on derivatives, net 166,016NANANANA
Reclassification of amortization of net deferred (gain) loss on de-designated interest rate swaps to repurchase agreements interest expense 085,17666,7575,154(6,298)
Currency translation adjustments on investment in unconsolidated venture 00(32)128(615)
Total other comprehensive income (loss) (262,661)583,835(131,812)(26,216)10,226
Comprehensive income (loss) (102,839)366,295(17,757)231,482104,258
Less - Comprehensive income (loss) attributable to non-controlling interest 1,029(4,188)245(2,939)(1,315)
Less - Dividends to preferred stockholders (10,851)(17,378)(22,864)(22,864)(5,716)
Comprehensive income (loss) attributable to common stockholders (112,661)344,729(40,376)205,67997,227

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