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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Cash and cash equivalents $ 261,491 $ 109,878
Non-Agency RMBS, at fair value (net of allowance for credit losses of $6 million and $0 million, respectively) 2,174,400 2,614,408
Agency RMBS, at fair value 105,644 6,490,293
Agency CMBS, at fair value 2,832,716 2,850,717
Loans held for investment, at fair value 13,306,818 14,292,815
Receivable for investments sold 0 446,225
Accrued interest receivable 93,343 116,423
Other assets 467,451 194,301
Derivatives, at fair value, net 0 3,611
Total assets [1] 19,241,863 27,118,671
Liabilities:    
Repurchase agreements ($8.8 billion and $15.4 billion pledged as collateral, respectively) 7,146,996 13,427,545
Securitized debt, collateralized by Non-Agency RMBS ($522 million and $598 million pledged as collateral, respectively) 128,683 133,557
Securitized debt at fair value, collateralized by loans held for investment ($11.9 billion and $12.1 billion pledged as collateral, respectively) 7,864,196 8,179,608
Payable for investments purchased 699,164 1,256,337
Accrued interest payable 45,709 63,600
Dividends payable 98,434 98,568
Accounts payable and other liabilities 14,827 6,163
Total liabilities [1] 15,998,009 23,165,378
Commitments and Contingencies (See Note 15)
Stockholders' Equity:    
Common stock: par value $0.01 per share; 500,000,000 shares authorized, 185,860,307 and 187,226,081 shares issued and outstanding, respectively 1,860 1,873
Additional paid-in-capital 4,255,054 4,275,963
Accumulated other comprehensive income 502,491 708,336
Cumulative earnings 3,422,285 3,793,040
Cumulative distributions to stockholders (4,938,208) (4,826,291)
Total stockholders' equity 3,243,854 3,953,293
Total liabilities and stockholders' equity 19,241,863 27,118,671
Series A Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 58 58
Series B Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 130 130
Series C Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 104 104
Series D Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: $ 80 $ 80
[1] The Company's consolidated statements of financial condition include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of March 31, 2020, and December 31, 2019, total assets of consolidated VIEs were $12,334,195 and $12,544,744, respectively, and total liabilities of consolidated VIEs were$7,777,605 and $8,064,235, respectively. See Note 8 for further discussion.