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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net interest income        
Interest income $ 1,177,325 $ 921,494 $ 2,271,813 $ 1,739,744
Interest expense 1,123,767 953,457 2,224,706 1,752,244
Net interest income 53,558 (31,963) 47,107 (12,500)
Net servicing income        
Servicing and related income 120,515 83,790 235,599 168,063
Servicing and related expense 12,617 8,930 24,833 16,810
Net servicing income 107,898 74,860 210,766 151,253
Other income (loss)        
Net gains (losses) on investments and other (568,745) (1,308,948) (1,562,872) (1,307,236)
Net gains (losses) on derivatives 430,487 1,475,325 1,807,631 574,573
Loan loss (provision) reversal 0 0 0 219
Other, net 24,791 9,105 48,158 24,603
Total other income (loss) (113,467) 175,482 292,917 (707,841)
General and administrative expenses        
Compensation expense 33,274 30,635 61,995 60,026
Other general and administrative expenses 11,617 12,280 21,466 23,717
Total general and administrative expenses 44,891 42,915 83,461 83,743
Income (loss) before income taxes 3,098 175,464 467,329 (652,831)
Income taxes 11,931 14,277 10,988 25,310
Net income (loss) (8,833) 161,187 456,341 (678,141)
Net income (loss) attributable to noncontrolling interests 650 (5,846) 2,932 (918)
Net income (loss) attributable to Annaly (9,483) 167,033 453,409 (677,223)
Dividends on preferred stock 37,158 35,766 74,219 67,641
Net income (loss) available (related) to common stockholders $ (46,641) $ 131,267 $ 379,190 $ (744,864)
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ (0.09) $ 0.27 $ 0.76 $ (1.51)
Diluted (in dollars per share) $ (0.09) $ 0.27 $ 0.76 $ (1.51)
Weighted average number of common shares outstanding        
Basic (in shares) 500,950,563 494,165,256 500,781,701 491,939,177
Diluted (in shares) 500,950,563 494,358,982 501,415,515 491,939,177
Other comprehensive income (loss)        
Net income (loss) $ (8,833) $ 161,187 $ 456,341 $ (678,141)
Unrealized gains (losses) on available-for-sale securities (54,243) (294,045) (336,112) 381,329
Reclassification adjustment for net (gains) losses included in net income (loss) 179,234 462,128 514,585 945,036
Other comprehensive income (loss) 124,991 168,083 178,473 1,326,365
Comprehensive income (loss) 116,158 329,270 634,814 648,224
Comprehensive income (loss) attributable to noncontrolling interests 650 (5,846) 2,932 (918)
Comprehensive income (loss) attributable to Annaly 115,508 335,116 631,882 649,142
Dividends on preferred stock 37,158 35,766 74,219 67,641
Comprehensive income (loss) attributable to common stockholders $ 78,350 $ 299,350 $ 557,663 $ 581,501