Annual report pursuant to Section 13 and 15(d)

Interest Income and Interest Expense

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Interest Income and Interest Expense
 12 Months Ended
Dec. 31, 2023
Banking and Thrift, Interest [Abstract]  
Interest Income and Interest Expense Interest Income and Interest Expense
The following table presents the components of the Company’s interest income and interest expense for the years ended December 31, 2023, 2022 and 2021.
Year Ended
December 31,
2023 2022 2021
Interest income:
Available-for-sale securities $ 412,310  $ 272,230  $ 167,310 
Other 68,054  23,310  1,287 
Total interest income 480,364  295,540  168,597 
Interest expense:
Repurchase agreements 474,292  167,455  25,774 
Revolving credit facilities 121,124  51,814  22,425 
Term notes payable 28,994  19,514  12,936 
Convertible senior notes 18,815  19,612  28,038 
Total interest expense 643,225  258,395  89,173 
Net interest (expense) income
 $ (162,861) $ 37,145  $ 79,424