Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Available-for-sale securities, at fair value $ 31,406,328 $ 25,552,604
Mortgage servicing rights, at fair value 1,909,444 1,993,440
Cash and cash equivalents 558,136 409,758
Restricted cash 1,058,690 688,006
Accrued interest receivable 92,634 86,589
Due from counterparties 318,963 154,626
Derivative assets, at fair value 188,051 319,981
Reverse repurchase agreements 220,000 761,815
Other assets 169,376 165,660
Total Assets 35,921,622 30,132,479
Liabilities    
Repurchase agreements 29,147,463 23,133,476
Federal Home Loan Bank advances 210,000 865,024
Revolving credit facilities 300,000 310,000
Term notes payable 394,502 0
Convertible senior notes 284,954 283,856
Derivative liabilities, at fair value 6,740 820,590
Due to counterparties 259,447 130,210
Dividends payable 128,125 135,551
Accrued interest payable 149,626 160,005
Other liabilities 70,299 39,278
Total Liabilities 30,951,156 25,877,990
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized and 40,050,000 and 40,050,000 shares issued and outstanding, respectively ($1,001,250 and $1,001,250 liquidation preference, respectively) 977,501 977,501
Common stock, par value $0.01 per share; 450,000,000 shares authorized and 272,935,731 and 248,085,721 shares issued and outstanding, respectively 2,729 2,481
Additional paid-in capital 5,154,764 4,809,616
Accumulated other comprehensive income 689,400 110,817
Cumulative earnings 2,655,891 2,332,371
Cumulative distributions to stockholders (4,509,819) (3,978,297)
Total Stockholders’ Equity 4,970,466 4,254,489
Total Liabilities and Stockholders’ Equity $ 35,921,622 $ 30,132,479