As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

ASSETS

Agency MBS at fair value 173,344 NA NA 3,548,719 3,105,638
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 682,061 641,246 760,825 795,203 686,029
Residential mortgage loans held-for-securitization NA NA 0 11,660 129,014
Residential mortgage loans held-for-investment through consolidated securitization trusts 969,172 744,462 639,351 549,016 483,648
Residential real estate 14,363 14,262 14,143 13,782 13,618
Cash and cash equivalents 30,754 31,031 12,273 3,165 13,867
Reverse repurchase agreements NA NA 0 20,000 0
Restricted cash 14,230 12,390 11,157 30,296 119,070
Interest receivable 17,525 16,203 18,091 16,872 16,386
Loan principal receivables NA NA NA 0 3,854
Derivative instruments at fair value 12,470 8,192 27,793 46,207 2,459
Right to use asset-operating lease NA NA NA 1,794 1,391
Receivable for sold securities NA NA NA 0 3,650
Prepaid expenses and other assets 2,983 2,797 3,111 2,986 3,137
Total Assets 6,636,340 5,395,776 5,765,541 5,039,700 4,581,761

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities

Accrued interest payable 13,443 11,850 15,835 24,828 14,722
Repurchase agreements 4,915,528 3,911,015 4,365,695 3,811,627 3,255,102
Warehouse line of credit NA NA NA 0 112,252
Asset-backed securities issued by securitization trusts 915,486 728,683 629,984 539,651 474,285
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 71,821
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
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 9,877
Payable for purchased loans NA NA 0 11,660 0
Payable for purchased securities NA NA NA 0 43,290
Warehouse line of credit payables NA NA NA 0 3,854
Accrued expenses and other liabilities 1,308 1,506 898 654 1,398
Long-term lease obligation NA NA NA 1,794 1,391
Total Liabilities 5,934,189 4,740,754 5,068,120 4,458,595 4,027,669
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 991 957 981 985 988
Additional paid-in capital 981,034 966,714 980,243 981,964 983,124
Accumulated other comprehensive income (loss) consisting of unrealized gains and losses 949 8,648 17,020 (30,792) 66,950
Accumulated deficit (361,323) (403,079) (415,235) (485,988) (611,588)
Total Stockholders' Equity 678,227 631,098 677,966 561,650 534,637
Total Liabilities and Stockholders' Equity 6,636,340 5,395,776 5,765,541 5,039,700 4,581,761
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.