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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) 423,811             423,811       423,811        
Net income (loss) attributable to noncontrolling interest (239)                             (239)
Unrealized gains (losses) on available-for-sale securities (493,571)           (493,571)         (493,571)        
Reclassification adjustment for net (gains) losses included in net income (loss) (66,277)           (66,277)         (66,277)        
Stock compensation expense 1,024         1,024           1,024        
Net proceeds from direct purchase and dividend reinvestment 1,146       2 1,144           1,146        
Equity contributions from (distributions to) noncontrolling interest (245)                             (245)
Common dividends declared, $0.60 per share in 2015 and $0.60 per share in 2016 (568,641)             (568,641)       (568,641)        
Ending balance at Jun. 30, 2015 12,594,805 177,088 290,514 445,457 9,478 14,788,677 (354,965) (2,766,250)       12,589,999       4,806
Preferred dividends declared   (7,296) (11,438) (17,250)         $ (7,296) $ (11,438) $ (17,250)   $ (7,296) $ (11,438) $ (17,250)  
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) (1,146,030)             (1,146,030)       (1,146,030)        
Net income (loss) attributable to noncontrolling interest (547)                             (547)
Unrealized gains (losses) on available-for-sale securities 1,501,637           1,501,637         1,501,637        
Reclassification adjustment for net (gains) losses included in net income (loss) (6,995)           (6,995)         (6,995)        
Stock compensation expense 1,084         1,084           1,084        
Net proceeds from direct purchase and dividend reinvestment 1,176       1 1,175           1,176        
Buyback of common stock (102,712)       (111) (102,601)           (102,712)        
Equity contributions from (distributions to) noncontrolling interest (743)                             (743)
Common dividends declared, $0.60 per share in 2015 and $0.60 per share in 2016 (554,935)             (554,935)       (554,935)        
Ending balance at Jun. 30, 2016 $ 11,561,873 177,088 290,514 445,457 $ 9,249 $ 14,575,426 $ 1,117,046 $ (5,061,565)       $ 11,553,215       $ 8,658
Preferred dividends declared   $ (7,296) $ (11,438) $ (17,250)         $ (7,296) $ (11,438) $ (17,250)   $ (7,296) $ (11,438) $ (17,250)  
[1] Derived from the audited consolidated financial statements at December 31, 2015.