Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Available-for-sale securities, at fair value (amortized cost $7,547,709 and $14,043,175, respectively; allowance for credit losses $17,765 and $22,528, respectively) $ 7,840,046 $ 14,650,922
Mortgage servicing rights, at fair value 2,020,106 1,596,153
Cash and cash equivalents 1,281,230 1,384,764
Restricted cash 866,547 1,261,667
Accrued interest receivable 31,571 47,174
Due from counterparties 85,177 146,433
Derivative assets, at fair value 60,376 95,937
Reverse repurchase agreements 70,000 91,525
Other assets 247,059 241,346
Total Assets [1] 12,502,112 19,515,921
Liabilities    
Repurchase agreements 8,350,622 15,143,898
Revolving credit facilities 533,519 283,830
Term notes payable 396,183 395,609
Convertible senior notes 423,742 286,183
Derivative liabilities, at fair value 14,208 11,058
Due to counterparties 119,472 135,838
Dividends payable 60,507 65,480
Accrued interest payable 17,956 21,666
Commitments and contingencies (see Note 15) 0 0
Other liabilities 101,848 83,433
Total Liabilities [1] 10,018,057 16,426,995
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 29,050,000 and 40,050,000 shares issued and outstanding, respectively ($726,250 and $1,001,250 liquidation preference, respectively) 702,550 977,501
Common stock, par value $0.01 per share; 700,000,000 shares authorized and 273,718,311 and 273,703,882 shares issued and outstanding, respectively 2,737 2,737
Additional paid-in capital 5,170,387 5,163,794
Accumulated other comprehensive income 307,249 641,601
Cumulative earnings 1,147,953 1,025,756
Cumulative distributions to stockholders (4,846,821) (4,722,463)
Total Stockholders’ Equity 2,484,055 3,088,926
Total Liabilities and Stockholders’ Equity $ 12,502,112 $ 19,515,921
[1] The condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At June 30, 2021 and December 31, 2020, assets of the VIEs totaled $448,077 and $496,810, and liabilities of the VIEs totaled $441,435 and $477,270, respectively. See Note 3 - Variable Interest Entities for additional information.