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 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
(in thousands)    
Interest Income 
Mortgage-backed and credit risk transfer securities 646,787589,499523,893456,444
Residential loans 34,12288,073110,9080
Commercial loans 1,4519,50815,33122,238
Total interest income 682,360687,080650,132478,682
Interest Expense 
Repurchase agreements 287,547188,699166,892124,000
Secured loans 02,5766,57910,887
Exchangeable senior notes 18,02322,46122,46122,467
Asset-backed securities 26,68268,15982,0410
Total interest expense 332,252281,895277,973157,354
Net interest income 350,108405,185372,159321,328
Reduction in provision for loan losses 884(142)(213)0
Net interest income after reduction in provision for loan losses 349,224405,327372,372321,328
Other income (loss) 
Gain (loss) on investments, net (182,733)(84,407)(18,005)(17,542)
Equity in earnings of unconsolidated ventures 5,3456,78612,6302,392
Gain (loss) on derivative instruments, net 40,003(487,469)(219,048)(62,815)
Realized and unrealized credit derivative income (loss), net 1,127(2,866)19,78261,143
Other investment income (loss), net 0(2,045)944(5,002)
Total other income (loss) (136,258)(570,001)(203,697)(21,824)
Management fee - related party 42,63937,59938,63234,541
General and administrative 8,3689,1917,7697,265
Consolidated securitization trusts 2,1376,0768,2190
Total expenses 53,14452,86654,62041,806
Net income (loss) 159,822(217,540)114,055257,698
Net income (loss) attributable to non-controlling interest 1,667(2,482)1,3443,287
Net income (loss) attributable to Invesco Mortgage Capital Inc. 158,155(215,058)112,711254,411
Dividends to preferred stockholders 10,85117,37822,86422,864
Net income (loss) attributable to common stockholders 147,304(232,436)89,847231,547
Earnings per share 
Net income (loss) attributable to common stockholders 
Basic 1.11(1.89)0.742.07
Diluted 1.11(1.89)0.741.98
Weighted average number of shares of common stock 
Basic 132,714,012123,104,934121,377,585111,973,404
Diluted 134,173,691124,529,934122,843,838130,254,003
Net income (loss) 159,822(217,540)114,055257,698
Other comprehensive income (loss) 
Unrealized gain (loss) on mortgage-backed and credit risk transfer securities, net (891,261)420,761(191,053)(37,632)
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)6,134
Unrealized gain (loss) on derivative instruments 263,135NANANA
Reclassification of unrealized loss on derivative instruments to gain (loss) on derivatives, net 166,016NANANA
Reclassification of amortization of net deferred (gain) loss on de-designated interest rate swaps to repurchase agreements interest expense 085,17666,7575,154
Currency translation adjustments on investment in unconsolidated venture 00(32)128
Total other comprehensive income (loss) (262,661)583,835(131,812)(26,216)
Comprehensive income (loss) (102,839)366,295(17,757)231,482
Less - Comprehensive (income) loss attributable to non-controlling interest 1,029(4,188)245(2,939)
Less - Dividends to preferred stockholders (10,851)(17,378)(22,864)(22,864)
Comprehensive income (loss) attributable to common stockholders (112,661)344,729(40,376)205,679

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