XML 122 R110.htm IDEA: XBRL DOCUMENT v3.19.2
ACQUISITION OF MTGE INVESTMENT CORP - Summary of Acquired Assets (Details) - USD ($)
$ in Thousands
Sep. 07, 2018
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Net Assets:        
Cash and cash equivalents [1]   $ 1,982,311 $ 1,735,749 [2]  
Securities   119,926,869 92,623,788  
Real estate, net   733,196 739,473 [2]  
Derivative assets   75,142 200,503 [2]  
Reverse repurchase agreements   0 650,040 [2]  
Receivable for unsettled trades   5,322 68,779 [2] $ 21,728
Interest receivable   440,940 357,365 [2]  
Intangible assets, net   96,591 100,854 [2]  
Other assets   357,027 333,988 [2]  
Total assets   131,800,776 105,787,527 [2]  
Repurchase agreements   105,181,241 81,115,874 [2]  
Mortgages payable   498,772 511,056 [2]  
Derivative liabilities   1,043,197 889,750 [2]  
Interest payable   691,327 570,928 [2]  
Dividends payable   364,066 394,129 [2] $ 349,300
Other liabilities   95,825 74,580 [2]  
Total liabilities   $ 116,093,369 $ 91,669,726 [2]  
Mountain Merger Sub Corporation        
Consideration Transferred:        
Cash $ 450,287      
Equity issued 455,900      
Total consideration 961,230      
Net Assets:        
Cash and cash equivalents 191,953      
Securities 4,111,930      
Real estate, net 277,648      
Derivative assets 18,629      
Reverse repurchase agreements 938,251      
Receivable for unsettled trades 6,809      
Principal receivable 44,462      
Interest receivable 14,282      
Intangible assets, net 14,483      
Other assets 50,105      
Total assets 5,668,552      
Repurchase agreements 3,561,816      
Mortgages payable 201,629      
U.S. Treasury securities sold, not yet purchased 934,149      
Derivative liabilities 2,498      
Interest payable 22,220      
Dividends payable 819      
Other liabilities 28,715      
Total liabilities 4,751,846      
Net assets acquired 916,706      
Common stock | Mountain Merger Sub Corporation        
Consideration Transferred:        
Equity issued 455,943      
Preferred Stock | Mountain Merger Sub Corporation        
Consideration Transferred:        
Equity issued $ 55,000      
[1]
(2) 
Includes cash of consolidated Variable Interest Entities (“VIEs”) of $48.3 million and $30.4 million at June 30, 2019 and December 31, 2018, respectively.
[2]
(1) 
Derived from the audited consolidated financial statements at December 31, 2018.