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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net interest income        
Interest income $ 1,229,341 $ 1,001,485 $ 3,501,154 $ 2,741,229
Interest expense 1,215,940 1,046,819 3,440,646 2,799,063
Net interest income 13,401 (45,334) 60,508 (57,834)
Net servicing income        
Servicing and related income 122,583 97,620 358,182 265,683
Servicing and related expense 12,988 9,623 37,821 26,433
Net servicing income 109,595 87,997 320,361 239,250
Other income (loss)        
Net gains (losses) on investments and other 1,723,713 (2,713,126) 160,841 (4,020,362)
Net gains (losses) on derivatives (1,754,010) 2,127,430 53,621 2,702,003
Loan loss (provision) reversal 0 0 0 219
Other, net 27,438 26,250 75,596 50,853
Total other income (loss) (2,859) (559,446) 290,058 (1,267,287)
General and administrative expenses        
Compensation expense 34,453 30,064 96,448 90,090
Other general and administrative expenses 9,468 9,845 30,934 33,562
Total general and administrative expenses 43,921 39,909 127,382 123,652
Income (loss) before income taxes 76,216 (556,692) 543,545 (1,209,523)
Income taxes (6,135) 12,392 4,853 37,702
Net income (loss) 82,351 (569,084) 538,692 (1,247,225)
Net income (loss) attributable to noncontrolling interests 15,906 (6,879) 18,838 (7,797)
Net income (loss) attributable to Annaly 66,445 (562,205) 519,854 (1,239,428)
Dividends on preferred stock 41,628 36,854 115,847 104,495
Net income (loss) available (related) to common stockholders $ 24,817 $ (599,059) $ 404,007 $ (1,343,923)
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ 0.05 $ (1.21) $ 0.80 $ (2.73)
Diluted (in dollars per share) $ 0.05 $ (1.21) $ 0.80 $ (2.73)
Weighted average number of common shares outstanding        
Basic (in shares) 515,729,658 494,330,361 505,800,723 492,744,997
Diluted (in shares) 516,832,152 494,330,361 506,618,143 492,744,997
Other comprehensive income (loss)        
Net income (loss) $ 82,351 $ (569,084) $ 538,692 $ (1,247,225)
Unrealized gains (losses) on available-for-sale securities 428,955 (825,286) 92,843 (443,957)
Reclassification adjustment for net (gains) losses included in net income (loss) 15,769 513,041 530,354 1,458,077
Other comprehensive income (loss) 444,724 (312,245) 623,197 1,014,120
Comprehensive income (loss) 527,075 (881,329) 1,161,889 (233,105)
Comprehensive income (loss) attributable to noncontrolling interests 15,906 (6,879) 18,838 (7,797)
Comprehensive income (loss) attributable to Annaly 511,169 (874,450) 1,143,051 (225,308)
Dividends on preferred stock 41,628 36,854 115,847 104,495
Comprehensive income (loss) attributable to common stockholders $ 469,541 $ (911,304) $ 1,027,204 $ (329,803)