Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Available-for-sale securities, at fair value (amortized cost $7,005,013 and $14,043,175, respectively; allowance for credit losses $14,238 and $22,528, respectively) $ 7,161,703 $ 14,650,922
Mortgage servicing rights, at fair value 2,191,578 1,596,153
Cash and cash equivalents 1,153,856 1,384,764
Restricted cash 934,814 1,261,667
Accrued interest receivable 26,266 47,174
Due from counterparties 168,449 146,433
Derivative assets, at fair value 80,134 95,937
Reverse repurchase agreements 134,682 91,525
Other assets 262,823 241,346
Total Assets 12,114,305 19,515,921
Liabilities    
Repurchase agreements 7,656,445 15,143,898
Revolving credit facilities 420,761 283,830
Term notes payable 396,776 395,609
Convertible senior notes 424,827 286,183
Derivative liabilities, at fair value 53,658 11,058
Due to counterparties 196,627 135,838
Dividends payable 72,412 65,480
Accrued interest payable 18,382 21,666
Commitments and contingencies (see Note 15) 0 0
Other liabilities 130,464 83,433
Total Liabilities 9,370,352 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 343,911,324 and 273,703,882 shares issued and outstanding, respectively 3,439 2,737
Additional paid-in capital 5,625,179 5,163,794
Accumulated other comprehensive income 186,346 641,601
Cumulative earnings 1,212,983 1,025,756
Cumulative distributions to stockholders (4,986,544) (4,722,463)
Total Stockholders’ Equity 2,743,953 3,088,926
Total Liabilities and Stockholders’ Equity $ 12,114,305 $ 19,515,921