NET INCOME (LOSS) PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Net Income (Loss) Per Share Reconciliation

The following table presents a reconciliation of net income (loss) and shares used in calculating basic and diluted net income (loss) per share for the years ended December 31, 2017, 2016 and 2015.



	For the Years Ended
	December 31, 2017			December 31, 2016			December 31, 2015
	(dollars in thousands, except per share data)
Net income (loss)	$	1,569,016		$	1,432,786		$	465,747
Less: Net income (loss) attributable to noncontrolling interest	(588		)	(970		)	(809		)
Net income (loss) attributable to Annaly	1,569,604			1,433,756			466,556
Less: Dividends on preferred stock	109,635			82,260			71,968
Net income (loss) per share available (related) to common stockholders, prior to adjustment for dilutive potential common shares, if necessary	1,459,969			1,351,496			394,588
Add: Interest on Convertible Senior Notes, if dilutive	—			—			—
Net income (loss) available to common stockholders, as adjusted	$	1,459,969		$	1,351,496		$	394,588
Weighted average shares of common stock outstanding-basic	1,065,923,652			969,787,583			947,062,099
Add: Effect of stock awards and Convertible Senior Notes, if dilutive	427,964			314,770			214,643
Weighted average shares of common stock outstanding-diluted	1,066,351,616			970,102,353			947,276,742
Net income (loss) per share available (related) to common share:
Basic	$	1.37		$	1.39		$	0.42
Diluted	$	1.37		$	1.39		$	0.42