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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
7.875% Series A Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
7.50% Series D Cumulative Redeemable Preferred Stock
Common stock par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Accumulated deficit
7.875% Series A Cumulative Redeemable Preferred Stock
Accumulated deficit
7.625% Series C Cumulative Redeemable Preferred Stock
Accumulated deficit
7.50% Series D Cumulative Redeemable Preferred Stock
Total stockholders' equity
Total stockholders' equity
7.875% Series A Cumulative Redeemable Preferred Stock
Total stockholders' equity
7.625% Series C Cumulative Redeemable Preferred Stock
Total stockholders' equity
7.50% Series D Cumulative Redeemable Preferred Stock
Noncontrolling interest
Beginning balance at Dec. 31, 2014 $ 13,333,781 $ 177,088 $ 290,514 $ 445,457 $ 9,476 $ 14,786,509 $ 204,883 $ (2,585,436)       $ 13,328,491       $ 5,290
Net income (loss) (476,409)             (476,409)       (476,409)        
Net income (loss) attributable to noncontrolling interest (90)                             (90)
Unrealized gains (losses) on available-for-sale securities 631,472           631,472         631,472        
Reclassification adjustment for net (gains) losses included in net income (loss) (62,356)           (62,356)         (62,356)        
Stock compensation expense 39         39           39        
Net proceeds from direct purchase and dividend reinvestment 570       1 569           570        
Equity contributions from (distributions to) noncontrolling interest (115)                             (115)
Common dividends declared, $0.30 per share in 2015 and $0.30 per share in 2016 (284,310)             (284,310)       (284,310)        
Ending balance at Mar. 31, 2015 13,124,590 177,088 290,514 445,457 9,477 14,787,117 773,999 (3,364,147)       13,119,505       5,085
Preferred dividends declared   (3,648) (5,719) (8,625)         $ (3,648) $ (5,719) $ (8,625)   $ (3,648) $ (5,719) $ (8,625)  
Beginning balance at Dec. 31, 2015 11,905,922 [1] 177,088 290,514 445,457 9,359 14,675,768 (377,596) (3,324,616)       11,895,974       9,948
Net income (loss) (867,918)             (867,918)       (867,918)        
Net income (loss) attributable to noncontrolling interest (162)                             (162)
Unrealized gains (losses) on available-for-sale securities 1,017,707           1,017,707         1,017,707        
Reclassification adjustment for net (gains) losses included in net income (loss) 255           255         255        
Stock compensation expense 69         69           69        
Net proceeds from direct purchase and dividend reinvestment 524       1 523           524        
Buyback of common stock (102,711)       (111) (102,600)           (102,711)        
Equity contributions from (distributions to) noncontrolling interest (231)                             (231)
Common dividends declared, $0.30 per share in 2015 and $0.30 per share in 2016 (277,456)             (277,456)       (277,456)        
Ending balance at Mar. 31, 2016 $ 11,658,007 177,088 290,514 445,457 $ 9,249 $ 14,573,760 $ 640,366 $ (4,487,982)       $ 11,648,452       $ 9,555
Preferred dividends declared   $ (3,648) $ (5,719) $ (8,625)         $ (3,648) $ (5,719) $ (8,625)   $ (3,648) $ (5,719) $ (8,625)  
[1] Derived from the audited consolidated financial statements at December 31, 2015.