As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Agency MBS at fair value 173,344 NA NA 3,548,719 2,946,321
Paydowns receivable 24,707 NA NA NA NA
Total 4,892,782 NA NA NA NA
Agency MBS at fair value (including pledged to counterparties) 4,694,731 3,925,193 4,278,797 NA NA
Non-Agency MBS at fair value 682,061 641,246 760,825 795,203 718,109
Residential mortgage loans held-for-securitization NA NA 0 11,660 121,715
Residential mortgage loans held-for-investment through consolidated securitization trusts 969,172 744,462 639,351 549,016 514,749
Residential real estate 14,363 14,262 14,143 13,782 13,658
Cash and cash equivalents 30,754 31,031 12,273 3,165 17,028
Reverse repurchase agreements NA NA 0 20,000 0
Restricted cash 14,230 12,390 11,157 30,296 122,403
Interest receivable 17,525 16,203 18,091 16,872 17,330
Derivative instruments at fair value 12,470 8,192 27,793 46,207 5,003
Right to use asset-operating lease NA NA NA 1,794 1,525
Prepaid expenses and other assets 2,983 2,797 3,111 2,986 2,842
Total Assets 6,636,340 5,395,776 5,765,541 5,039,700 4,480,683

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities

Accrued interest payable 13,443 11,850 15,835 24,828 21,246
Repurchase agreements 4,915,528 3,911,015 4,365,695 3,811,627 3,155,843
Warehouse line of credit NA NA NA 0 92,511
Asset-backed securities issued by securitization trusts 915,486 728,683 629,984 539,651 505,385
Junior subordinated notes 37,380 37,380 37,380 37,380 37,380
Derivative instruments at fair value 34,547 34,302 1,335 15,901 68,695
Dividends payable on Series A Preferred Stock 1,035 NA NA NA NA
Dividends payable on Series B Preferred Stock 394 NA NA NA NA
Derivative counterparty margin NA NA NA 0 604
Dividends payable on preferred stock 207 1,660 2,272 2,297 2,297
Dividends payable on common stock 14,861 14,358 14,721 12,803 10,855
Payable for purchased loans NA NA 0 11,660 16,098
Accrued expenses and other liabilities 1,308 1,506 898 654 3,177
Long-term lease obligation NA NA NA 1,794 1,525
Total Liabilities 5,934,189 4,740,754 5,068,120 4,458,595 3,915,616
Series B Cumulative Convertible Preferred Stock 23,924 23,924 19,455 19,455 19,455

Stockholders' Equity

Series A Cumulative Preferred Stock 46,537 46,537 46,537 46,537 46,537
Series C Cumulative Preferred Stock 10,039 11,321 48,420 48,944 48,626
Common Stock 991 957 981 985 987
Additional paid-in capital 981,034 966,714 980,243 981,964 982,770
Accumulated other comprehensive income (loss) consisting of unrealized gains and losses 949 8,648 17,020 (30,792) 48,614
Accumulated deficit (361,323) (403,079) (415,235) (485,988) (581,922)
Total Stockholders' Equity 678,227 631,098 677,966 561,650 545,612
Total Liabilities and Stockholders' Equity 6,636,340 5,395,776 5,765,541 5,039,700 4,480,683
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.