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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Preferred Stock | Common stock | Additional Paid-In Capital | Accumulated Other Comprehensive Income (Loss) | Accumulated Deficit | Total Stockholders’ Equity | Noncontrolling Interest
--- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2017 |  |  |  | $ 1,720,381 | $ 11,596 | $ 17,221,265 | $ (1,126,020) | $ (2,961,749) |  |  | $ 6,100
Net proceeds from issuance of stock |  |  |  | 411,335 | 46 | 48,117 |  |  |  |  |
Redemption of preferred stock |  |  |  | (408,548) |  | (3,952) |  |  |  |  |
Net proceeds from direct purchase and dividend reinvestment |  | $ 1,546 |  |  | 1 | 1,545 |  |  |  |  |
Stock compensation expense |  |  |  |  |  | 1,621 |  |  |  |  |
Unrealized gains (losses) on available-for-sale securities |  | (2,384,609) |  |  |  |  | (2,384,609) |  |  |  |
Reclassification adjustment for net (gains) losses included in net income (loss) |  | 76,182 |  |  |  |  | 76,182 |  |  |  |
Net income (loss) attributable to Annaly |  | 1,923,719 |  |  |  |  |  | 1,923,719 |  |  |
Preferred dividends declared | [1] |  |  |  |  |  |  | (65,143) |  |  |
Common dividends declared |  | (697,197) |  |  |  |  |  | (697,197) | [1] |  |
Net income (loss) attributable to noncontrolling interests |  | 128 |  |  |  |  |  |  |  |  | (128)
Equity contributions from (distributions to) noncontrolling interest |  |  |  |  |  |  |  |  |  |  | (706)
Ending balance at Jun. 30, 2018 |  | 13,773,856 |  | 1,723,168 | 11,643 | 17,268,596 | (3,434,447) | (1,800,370) |  | $ 13,768,590 | 5,266
Beginning balance at Mar. 31, 2018 |  |  |  | 1,723,168 | 11,597 | 17,218,191 | (3,000,080) | (2,015,612) |  |  | 5,671
Net proceeds from issuance of stock |  |  |  | 0 | 46 | 48,117 |  |  |  |  |
Redemption of preferred stock |  |  |  | 0 |  | 0 |  |  |  |  |
Net proceeds from direct purchase and dividend reinvestment |  |  |  |  | 0 | 800 |  |  |  |  |
Stock compensation expense |  |  |  |  |  | 1,488 |  |  |  |  |
Unrealized gains (losses) on available-for-sale securities |  | (505,130) |  |  |  |  | (505,130) |  |  |  |
Reclassification adjustment for net (gains) losses included in net income (loss) |  | 70,763 |  |  |  |  | 70,763 |  |  |  |
Net income (loss) attributable to Annaly |  | 595,919 |  |  |  |  |  | 595,919 |  |  |
Preferred dividends declared | [1] |  |  |  |  |  |  | (31,377) |  |  |
Common dividends declared |  | (349,300) |  |  |  |  |  | (349,300) | [1] |  |
Net income (loss) attributable to noncontrolling interests |  | 32 |  |  |  |  |  |  |  |  | (32)
Equity contributions from (distributions to) noncontrolling interest |  |  |  |  |  |  |  |  |  |  | (373)
Ending balance at Jun. 30, 2018 |  | 13,773,856 |  | 1,723,168 | 11,643 | 17,268,596 | (3,434,447) | (1,800,370) |  | 13,768,590 | 5,266
Beginning balance at Dec. 31, 2018 |  | 14,117,801 | [2] | 1,778,168 | 13,138 | 18,794,331 | (1,979,865) | (4,493,660) |  |  | 5,689
Net proceeds from issuance of stock |  |  |  | 387,178 | 1,422 | 1,397,484 |  |  |  |  |
Redemption of preferred stock |  |  |  | (55,000) |  | 0 |  |  |  |  |
Net proceeds from direct purchase and dividend reinvestment |  | 1,795 |  |  | 2 | 1,793 |  |  |  |  |
Stock compensation expense |  |  |  |  |  | 1,811 |  |  |  |  |
Unrealized gains (losses) on available-for-sale securities |  | 3,254,181 |  |  |  |  | 3,254,181 |  |  |  |
Reclassification adjustment for net (gains) losses included in net income (loss) |  | 90,687 |  |  |  |  | 90,687 |  |  |  |
Net income (loss) attributable to Annaly |  | (2,625,480) |  |  |  |  |  | (2,625,480) |  |  |
Preferred dividends declared | [1] |  |  |  |  |  |  | (64,616) |  |  |
Common dividends declared |  | (798,893) |  |  |  |  |  | (798,893) | [1] |  |
Net income (loss) attributable to noncontrolling interests |  | 184 |  |  |  |  |  |  |  |  | (184)
Equity contributions from (distributions to) noncontrolling interest |  |  |  |  |  |  |  |  |  |  | (779)
Ending balance at Jun. 30, 2019 |  | 15,707,407 |  | 2,110,346 | 14,562 | 20,195,419 | 1,365,003 | (7,982,649) |  | 15,702,681 | 4,726
Beginning balance at Mar. 31, 2019 |  |  |  | 1,778,168 | 14,481 | 20,112,875 | (319,376) | (5,809,931) |  |  | 5,227
Net proceeds from issuance of stock |  |  |  | 387,178 | 80 | 80,009 |  |  |  |  |
Redemption of preferred stock |  |  |  | (55,000) |  | 0 |  |  |  |  |
Net proceeds from direct purchase and dividend reinvestment |  |  |  |  | 1 | 902 |  |  |  |  |
Stock compensation expense |  |  |  |  |  | 1,633 |  |  |  |  |
Unrealized gains (losses) on available-for-sale securities |  | 1,654,783 |  |  |  |  | 1,654,783 |  |  |  |
Reclassification adjustment for net (gains) losses included in net income (loss) |  | 29,596 |  |  |  |  | 29,596 |  |  |  |
Net income (loss) attributable to Annaly |  | (1,776,330) |  |  |  |  |  | (1,776,330) |  |  |
Preferred dividends declared | [1] |  |  |  |  |  |  | (32,122) |  |  |
Common dividends declared |  | (364,266) |  |  |  |  |  | (364,266) | [1] |  |
Net income (loss) attributable to noncontrolling interests |  | 83 |  |  |  |  |  |  |  |  | (83)
Equity contributions from (distributions to) noncontrolling interest |  |  |  |  |  |  |  |  |  |  | (418)
Ending balance at Jun. 30, 2019 |  | 15,707,407 |  | $ 2,110,346 | $ 14,562 | $ 20,195,419 | $ 1,365,003 | $ (7,982,649) |  | $ 15,702,681 | $ 4,726
Cumulative and undeclared dividends |  | $ 300 |  |  |  |  |  |  |  |  |
[1] | (1) See Note titled “Capital Stock” for dividends per share for each class of shares.) The three and six months ended June 30, 2019 includes cumulative and undeclared dividends of $0.3 million on the Company's Series I Preferred Stock as of June 30, 2019.
[2] | (1) Derived from the audited consolidated financial statements at December 31, 2018.

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