Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Available-for-sale securities, at fair value (amortized cost $17,279,572; allowance for credit losses $41,390) $ 17,733,059 $ 31,406,328
Mortgage servicing rights, at fair value 1,505,163 1,909,444
Cash and cash equivalents 1,206,889 558,136
Restricted cash 680,395 1,058,690
Accrued interest receivable 57,854 92,634
Due from counterparties 581,355 318,963
Derivative assets, at fair value 117,368 188,051
Reverse repurchase agreements 147,651 220,000
Other assets 172,914 169,376
Total Assets 22,202,648 35,921,622
Liabilities    
Repurchase agreements 17,795,516 29,147,463
Federal Home Loan Bank advances 50,000 210,000
Revolving credit facilities 252,143 300,000
Term notes payable 394,772 394,502
Convertible senior notes 285,238 284,954
Derivative liabilities, at fair value 176,156 6,740
Due to counterparties 200,729 259,447
Dividends payable 0 128,125
Accrued interest payable 79,543 149,626
Other liabilities 64,418 70,299
Total Liabilities 19,298,515 30,951,156
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized and 40,050,000 and 40,050,000 shares issued and outstanding, respectively ($1,001,250 and $1,001,250 liquidation preference, respectively) 977,501 977,501
Common stock, par value $0.01 per share; 450,000,000 shares authorized and 273,528,243 and 272,935,731 shares issued and outstanding, respectively 2,735 2,729
Additional paid-in capital 5,156,151 5,154,764
Accumulated other comprehensive income 491,330 689,400
Cumulative earnings 786,235 2,655,891
Cumulative distributions to stockholders (4,509,819) (4,509,819)
Total Stockholders’ Equity 2,904,133 4,970,466
Total Liabilities and Stockholders’ Equity $ 22,202,648 $ 35,921,622