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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents (includes pledged assets of $1,168,816 and $1,648,545, respectively) [1] $ 1,393,910 $ 1,850,729 [2]
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) [3] 77,805,743 114,833,580 [2]
Loans, net (includes pledged assets of $3,017,199 and $3,240,583, respectively) [4] 3,972,671 4,462,350 [2]
Mortgage servicing rights (includes pledged assets of $2,517 and $3,336, respectively) 227,400 378,078 [2]
Assets transferred or pledged to securitization vehicles 7,690,451 7,002,460 [2]
Real estate, net 746,067 725,638 [2]
Derivative assets 165,642 113,556 [2]
Receivable for unsettled trades 747,082 4,792 [2]
Principal and interest receivable 300,089 449,906 [2]
Goodwill and intangible assets, net 137,680 92,772 [2]
Other assets 271,918 381,220 [2]
Total assets 93,458,653 130,295,081 [2]
Liabilities    
Repurchase agreements 67,163,598 101,740,728 [2]
Other secured financing 1,538,996 4,455,700 [2]
Debt issued by securitization vehicles 6,458,130 5,622,801 [2]
Mortgages payable 508,565 485,005 [2]
Derivative liabilities 1,257,038 803,866 [2]
Payable for unsettled trades 2,122,735 463,387 [2]
Interest payable 180,943 476,335 [2]
Dividends payable 309,686 357,527 [2]
Other liabilities 121,359 93,388 [2]
Total liabilities 79,661,050 114,498,737 [2]
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 85,150,000 authorized, 81,900,000 issued and outstanding 1,982,026 1,982,026 [2]
Common stock, par value $0.01 per share, 2,914,850,000 authorized, 1,407,662,483 and 1,430,106,199 issued and outstanding, respectively 14,077 14,301 [2]
Additional paid-in capital 19,827,216 19,966,923 [2]
Accumulated other comprehensive income (loss) 3,842,074 2,138,191 [2]
Accumulated deficit (11,871,927) (8,309,424) [2]
Total stockholders’ equity 13,793,466 15,792,017 [2]
Noncontrolling interests 4,137 4,327 [2]
Total equity 13,797,603 15,796,344 [2]
Total liabilities and equity 93,458,653 130,295,081 [2]
Residential Mortgage Loans    
Assets    
Total assets 1,200,000 1,600,000
Liabilities    
Repurchase agreements 47,652  
Stockholders’ equity    
Loans 61,100 66,700
Consolidated VIEs    
Assets    
Cash and cash equivalents (includes pledged assets of $1,168,816 and $1,648,545, respectively) 74,700 67,500
Consolidated VIEs | Agency Mortgage-Backed Securities    
Assets    
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) 144,200 102,500
Consolidated VIEs | Non-Agency Mortgage-Backed Securities    
Assets    
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) 398,900 468,000
Consolidation, Eliminations | Consolidated VIEs | Commercial Mortgage Loans    
Assets    
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) $ 381,300 $ 500,300
[1]
Includes cash of consolidated Variable Interest Entities (“VIEs”) of $74.7 million and $67.5 million at June 30, 2020 and December 31, 2019, respectively.
[2]
Derived from the audited consolidated financial statements at December 31, 2019.
[3] Excludes $144.2 million and $102.5 million at June 30, 2020 and December 31, 2019, respectively, of Agency mortgage-backed securities, $398.9 million and $468.0 million at June 30, 2020 and December 31, 2019, respectively, of non-Agency mortgage-backed securities and $381.3 million and $500.3 million at June 30, 2020 and December 31, 2019, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[4]
Includes $61.1 million and $66.7 million of residential mortgage loans held for sale at June 30, 2020 and December 31, 2019, respectively.