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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Mortgage-backed and credit risk transfer securities $ 149,003 $ 118,873
Commercial loans 4,222 5,764
Total interest income 153,225 124,637
Interest Expense    
Repurchase agreements 59,585 29,947
Secured loans 6,927 3,413
Exchangeable senior notes 1,621 5,008
Total interest expense 68,133 38,368
Net interest income 85,092 86,269
Other Income (loss)    
Gain (loss) on investments, net (160,370) (1,853)
Equity in earnings (losses) of unconsolidated ventures 896 (1,534)
Gain (loss) on derivative instruments, net 133,367 5,462
Realized and unrealized credit derivative income (loss), net 3,165 19,955
Net loss on extinguishment of debt (26) (4,711)
Other investment income (loss), net 3,102 1,329
Total other income (loss) (19,866) 18,648
Expenses    
Management fee – related party 10,221 8,801
General and administrative 1,756 2,084
Total expenses 11,977 10,885
Net income 53,249 94,032
Net income attributable to non-controlling interest 671 1,186
Net income attributable to Invesco Mortgage Capital Inc. 52,578 92,846
Dividends to preferred stockholders 11,107 5,716
Net income attributable to common stockholders $ 41,471 $ 87,130
Earnings per share:    
Net income attributable to common shareholders (basic) (usd per share) $ 0.37 $ 0.78
Net income attributable to common shareholders (diluted) (usd per share) 0.37 0.73
Dividends declared per common share (usd per share) $ 0.42 $ 0.4000