TWO Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Cumulative effect of adoption of new accounting principle	Stockholders' equity, adjusted balance	Preferred Stock	Preferred Stock Stockholders' equity, adjusted balance	Common Stock	Common Stock Stockholders' equity, adjusted balance	Additional Paid-in Capital	Additional Paid-in Capital Cumulative effect of adoption of new accounting principle	Additional Paid-in Capital Stockholders' equity, adjusted balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Cumulative effect of adoption of new accounting principle	Accumulated Other Comprehensive Income (Loss) Stockholders' equity, adjusted balance	Cumulative Earnings	Cumulative Earnings Cumulative effect of adoption of new accounting principle	Cumulative Earnings Stockholders' equity, adjusted balance	Cumulative Distributions to Stockholders	Cumulative Distributions to Stockholders Stockholders' equity, adjusted balance
Stockholders' equity at beginning of period at Dec. 31, 2017	$ 3,571,424			$ 9,918	$ 3,571,424	$ 702,537	$ 702,537	$ 1,745	$ 1,745	$ 3,672,003	$ 25	$ 3,672,028	$ 334,813	$ 9,918	$ 344,731	$ 2,386,604	$ (9,943)	$ 2,376,661	$ (3,526,278)	$ (3,526,278)
Net income (loss)	(44,290)															(44,290)
Other comprehensive income (loss) before reclassifications, net of tax	(488,253)												(488,253)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	254,339												(254,339)
Other comprehensive income (loss), net of tax	(233,914)												(233,914)
Acquisition of CYS Investments, Inc.	1,400,064					274,950		726		1,124,388
Issuance of stock, net of offering costs	0	$ 14	$ 215			14				215
Repurchase of common stock	0
Preferred dividends declared	(65,395)																		(65,395)
Common dividends declared	(386,624)																		(386,624)
Non-cash equity award compensation	12,995							10		12,985
Stockholders' equity at end of period at Dec. 31, 2018	4,254,489			442	$ 4,254,047	977,501	$ 977,501	2,481	$ 2,481	4,809,616		$ 4,809,616	110,817		$ 110,817	2,332,371	$ 442	$ 2,331,929	(3,978,297)	$ (3,978,297)
Net income (loss)	323,962															323,962
Other comprehensive income (loss) before reclassifications, net of tax	796,346												796,346
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(217,763)												217,763
Other comprehensive income (loss), net of tax	578,583												578,583
Issuance of stock, net of offering costs			336,253					244		336,009
Repurchase of common stock	(19)									(19)
Preferred dividends declared	(75,801)																		(75,801)
Common dividends declared	(455,721)																		(455,721)
Non-cash equity award compensation	9,162							4		9,158
Stockholders' equity at end of period at Dec. 31, 2019	4,970,466			$ 0		977,501		2,729		5,154,764			689,400			2,655,891			(4,509,819)
Net income (loss)	(1,630,135)															(1,630,135)
Other comprehensive income (loss) before reclassifications, net of tax	482,663												482,663
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(530,462)												530,462
Other comprehensive income (loss), net of tax	(47,799)												(47,799)
Issuance of stock, net of offering costs			$ 372					0		372
Repurchase of common stock	(1,064)							(1)		(1,063)
Preferred dividends declared	(75,802)																		(75,802)
Common dividends declared	(136,842)																		(136,842)
Non-cash equity award compensation	9,730							9		9,721
Stockholders' equity at end of period at Dec. 31, 2020	$ 3,088,926					$ 977,501		$ 2,737		$ 5,163,794			$ 641,601			$ 1,025,756			$ (4,722,463)