Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Available-for-sale securities, at fair value (amortized cost $17,030,405; allowance for credit losses $42,583) $ 17,673,289 $ 31,406,328
Mortgage servicing rights, at fair value 1,279,195 1,909,444
Cash and cash equivalents 1,615,639 558,136
Restricted cash 434,644 1,058,690
Accrued interest receivable 53,480 92,634
Due from counterparties 72,010 318,963
Derivative assets, at fair value 110,527 188,051
Reverse repurchase agreements 76,416 220,000
Other assets 167,122 169,376
Total Assets [1] 21,482,322 35,921,622
Liabilities    
Repurchase agreements 16,991,248 29,147,463
Federal Home Loan Bank advances 0 210,000
Revolving credit facilities 267,181 300,000
Term notes payable 395,048 394,502
Convertible senior notes 285,515 284,954
Derivative liabilities, at fair value 1,298 6,740
Due to counterparties 419,092 259,447
Dividends payable 57,269 128,125
Accrued interest payable 36,710 149,626
Commitments and Contingencies 0 0
Other liabilities 193,025 70,299
Total Liabilities [1] 18,646,386 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 273,700,059 and 272,935,731 shares issued and outstanding, respectively 2,737 2,729
Additional paid-in capital 5,158,559 5,154,764
Accumulated other comprehensive income 684,124 689,400
Cumulative earnings 612,671 2,655,891
Cumulative distributions to stockholders (4,599,656) (4,509,819)
Total Stockholders’ Equity 2,835,936 4,970,466
Total Liabilities and Stockholders’ Equity $ 21,482,322 $ 35,921,622
[1] The condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At June 30, 2020 and December 31, 2019, assets of the VIEs totaled $395,447 and $395,008, and liabilities of the VIEs totaled $395,447 and $395,008, respectively. See Note 3 - Variable Interest Entities for additional information.