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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net interest income        
Interest income $ 927,598,000 $ 776,806,000 $ 1,793,784,000 $ 1,656,293,000
Interest expense 750,217,000 442,692,000 1,397,912,000 810,113,000
Net interest income 177,381,000 334,114,000 395,872,000 846,180,000
Realized and unrealized gains (losses)        
Net interest component of interest rate swaps 83,653,000 31,475,000 217,688,000 (16,685,000)
Realized gains (losses) on termination or maturity of interest rate swaps (167,491,000) 0 (755,747,000) 834,000
Unrealized gains (losses) on interest rate swaps (1,276,019,000) 343,475,000 (1,666,575,000) 1,320,760,000
Subtotal (1,359,857,000) 374,950,000 (2,204,634,000) 1,304,909,000
Net gains (losses) on disposal of investments (38,333,000) (66,117,000) (132,249,000) (52,649,000)
Net gains (losses) on other derivatives (506,411,000) 34,189,000 (621,570,000) (12,956,000)
Net unrealized gains (losses) on instruments measured at fair value through earnings (4,881,000) (48,376,000) 42,748,000 (99,969,000)
Loan loss provision 0 0 (5,703,000) 0
Subtotal (549,625,000) (80,304,000) (716,774,000) (165,574,000)
Total realized and unrealized gains (losses) (1,909,482,000) 294,646,000 (2,921,408,000) 1,139,335,000
Other income (loss) 28,181,000 34,170,000 58,683,000 68,193,000
General and administrative expenses        
Compensation and management fee 44,231,000 45,579,000 89,064,000 90,108,000
Other general and administrative expenses 34,177,000 18,202,000 73,081,000 36,183,000
Total general and administrative expenses 78,408,000 63,781,000 162,145,000 126,291,000
Income (loss) before income taxes (1,782,328,000) 599,149,000 (2,628,998,000) 1,927,417,000
Income taxes (5,915,000) 3,262,000 (3,334,000) 3,826,000
Net income (loss) (1,776,413,000) 595,887,000 (2,625,664,000) 1,923,591,000
Net income (loss) attributable to noncontrolling interests (83,000) (32,000) (184,000) (128,000)
Net income (loss) attributable to Annaly (1,776,330,000) 595,919,000 (2,625,480,000) 1,923,719,000
Dividends on preferred stock (1) [1] 32,422,000 31,377,000 64,916,000 65,143,000
Net income (loss) available (related) to common stockholders $ (1,808,752,000) $ 564,542,000 $ (2,690,396,000) $ 1,858,576,000
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ (1.24) $ 0.49 $ (1.88) $ 1.60
Diluted (in dollars per share) $ (1.24) $ 0.49 $ (1.88) $ 1.60
Weighted average number of common shares outstanding        
Basic (in shares) 1,456,038,736 1,160,436,777 1,427,485,102 1,160,029,575
Diluted (in shares) 1,456,038,736 1,160,979,451 1,427,485,102 1,160,543,580
Net income (loss) $ (1,776,413,000) $ 595,887,000 $ (2,625,664,000) $ 1,923,591,000
Other comprehensive income (loss)        
Unrealized gains (losses) on available-for-sale securities 1,654,783,000 (505,130,000) 3,254,181,000 (2,384,609,000)
Reclassification adjustment for net (gains) losses included in net income (loss) 29,596,000 70,763,000 90,687,000 76,182,000
Other comprehensive income (loss) 1,684,379,000 (434,367,000) 3,344,868,000 (2,308,427,000)
Comprehensive income (loss) (92,034,000) 161,520,000 719,204,000 (384,836,000)
Comprehensive income (loss) attributable to noncontrolling interests (83,000) (32,000) (184,000) (128,000)
Comprehensive income (loss) attributable to Annaly (91,951,000) 161,552,000 719,388,000 (384,708,000)
Dividends on preferred stock (1) [1] 32,422,000 31,377,000 64,916,000 65,143,000
Comprehensive income (loss) attributable to common stockholders (124,373,000) $ 130,175,000 654,472,000 $ (449,851,000)
Cumulative and undeclared dividends $ 300,000   $ 300,000  
[1] 1) 
The three and six months ended June 30, 2019 include cumulative and undeclared dividends of $0.3 million on the Company's Series I Preferred Stock as of June 30, 2019.