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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets    
Mortgage-backed securities, at fair value (including pledged assets of $15,897,380 and $17,049,670 at March 31, 2014 and December 31,2013, respectively) $ 17,137,956 $ 17,642,532
Cash and cash equivalents 250,258 763,326
Restricted cash 231,591 225,379
Unsettled purchased mortgage-backed securities, at fair value 157,201  
Receivable for securities sold   231,214
Accrued interest receivable 53,629 55,156
Principal payments receivable 70,524 95,021
Debt security, held to maturity, at cost 15,000 15,000
Interest rate swap asset 12,703 15,841
Other assets 36,393 33,891
Total assets 17,965,255 19,077,360
Liabilities and shareholders’ equity    
Repurchase agreements 15,183,457 16,129,683
Dollar roll liability   351,826
Payable for unsettled securities 157,387  
Accrued interest payable 3,475 8,279
Interest rate swap liability 106,132 125,133
Futures contract liability 48,584 36,733
Dividend payable 52,885 52,929
Accounts payable and other liabilities 20,621 8,676
Total liabilities 15,572,541 16,713,259
Shareholders’ equity:    
7.625% Series A Cumulative Redeemable Preferred stock, $.001 par value, 25,000,000 shares authorized, 11,500,000 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively ($287,500 aggregate liquidation preference) 278,252 278,252
Common stock, $.001 par value, 200,000,000 shares authorized, 96,601,523 and 98,822,654 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 97 97
Additional paid-in capital 2,451,966 2,453,018
Accumulated deficit (396,154) (359,214)
Accumulated other comprehensive income (loss) 58,553 (8,052)
Total shareholders’ equity 2,392,714 2,364,101
Total liabilities and shareholders’ equity $ 17,965,255 $ 19,077,360