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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net interest income        
Interest income $ 678,488 $ 412,972 $ 1,979,953 $ 1,560,256
Interest expense 400,491 50,438 645,888 187,458
Net interest income 277,997 362,534 1,334,065 1,372,798
Net servicing income        
Servicing and related income 74,486 17,948 164,886 37,696
Servicing and related expense 7,780 3,012 17,486 7,912
Net servicing income 66,706 14,936 147,400 29,784
Other income (loss)        
Net gains (losses) on investments and other (2,702,512) 102,819 (3,477,532) 161,431
Net gains (losses) on derivatives 2,117,240 84,950 4,774,911 672,371
Loan loss (provision) reversal 1,613 6,134 27,918 145,260
Business divestiture-related gains (losses) (2,936) (14,009) (27,245) (262,045)
Other, net 1,526 1,285 (902) 1,580
Total other income (loss) (585,069) 181,179 1,297,150 718,597
General and administrative expenses        
Compensation expense 27,744 27,859 82,989 91,390
Other general and administrative expenses 10,178 16,023 36,735 53,923
Total general and administrative expenses 37,922 43,882 119,724 145,313
Income (loss) before income taxes (278,288) 514,767 2,658,891 1,975,866
Income taxes (4,311) (6,767) 45,657 (1,954)
Net income (loss) (273,977) 521,534 2,613,234 1,977,820
Net income (loss) attributable to noncontrolling interests 1,287 2,290 (453) 3,405
Net income (loss) attributable to Annaly (275,264) 519,244 2,613,687 1,974,415
Dividends on preferred stock 26,883 26,883 80,649 80,649
Net income (loss) available (related) to common stockholders $ (302,147) $ 492,361 $ 2,533,038 $ 1,893,766
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ (0.70) $ 1.36 $ 6.46 $ 5.34
Diluted (in dollars per share) $ (0.70) $ 1.36 $ 6.45 $ 5.34
Weighted average number of common shares outstanding        
Basic (in shares) 429,858,876 361,328,979 392,172,655 354,606,052
Diluted (in shares) 429,858,876 361,589,467 392,445,034 354,875,551
Other comprehensive income (loss)        
Net income (loss) $ (273,977) $ 521,534 $ 2,613,234 $ 1,977,820
Unrealized gains (losses) on available-for-sale securities (2,578,509) (113,451) (8,650,438) (1,733,919)
Reclassification adjustment for net (gains) losses included in net income (loss) 1,457,999 (28,186) 2,260,592 (1,778)
Other comprehensive income (loss) (1,120,510) (141,637) (6,389,846) (1,735,697)
Comprehensive income (loss) (1,394,487) 379,897 (3,776,612) 242,123
Comprehensive income (loss) attributable to noncontrolling interests 1,287 2,290 (453) 3,405
Comprehensive income (loss) attributable to Annaly (1,395,774) 377,607 (3,776,159) 238,718
Dividends on preferred stock 26,883 26,883 80,649 80,649
Comprehensive income (loss) attributable to common stockholders $ (1,422,657) $ 350,724 $ (3,856,808) $ 158,069