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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net interest income        
Interest income $ 921,494 $ 645,615 $ 1,739,744 $ 1,301,465
Interest expense 953,457 170,475 1,752,244 245,397
Net interest income (31,963) 475,140 (12,500) 1,056,068
Net servicing income        
Servicing and related income 83,790 55,685 168,063 90,400
Servicing and related expense 8,930 5,949 16,810 9,706
Net servicing income 74,860 49,736 151,253 80,694
Other income (loss)        
Net gains (losses) on investments and other (1,308,948) (615,216) (1,307,236) (775,020)
Net gains (losses) on derivatives 1,475,325 1,015,643 574,573 2,657,671
Loan loss (provision) reversal 0 26,913 219 26,305
Business divestiture-related gains (losses) 0 (23,955) 0 (24,309)
Other, net 9,105 (5,486) 24,603 (2,428)
Total other income (loss) 175,482 397,899 (707,841) 1,882,219
General and administrative expenses        
Compensation expense 30,635 22,243 60,026 55,245
Other general and administrative expenses 12,280 13,795 23,717 26,557
Total general and administrative expenses 42,915 36,038 83,743 81,802
Income (loss) before income taxes 175,464 886,737 (652,831) 2,937,179
Income taxes 14,277 23,420 25,310 49,968
Net income (loss) 161,187 863,317 (678,141) 2,887,211
Net income (loss) attributable to noncontrolling interests (5,846) (3,379) (918) (1,740)
Net income (loss) attributable to Annaly 167,033 866,696 (677,223) 2,888,951
Dividends on preferred stock 35,766 26,883 67,641 53,766
Net income (loss) available (related) to common stockholders $ 131,267 $ 839,813 $ (744,864) $ 2,835,185
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ 0.27 $ 2.21 $ (1.51) $ 7.60
Diluted (in dollars per share) $ 0.27 $ 2.20 $ (1.51) $ 7.59
Weighted average number of common shares outstanding        
Basic (in shares) 494,165,256 380,609,192 491,939,177 373,017,228
Diluted (in shares) 494,358,982 380,898,750 491,939,177 373,313,723
Other comprehensive income (loss)        
Net income (loss) $ 161,187 $ 863,317 $ (678,141) $ 2,887,211
Unrealized gains (losses) on available-for-sale securities (294,045) (2,503,250) 381,329 (6,071,929)
Reclassification adjustment for net (gains) losses included in net income (loss) 462,128 657,806 945,036 802,593
Other comprehensive income (loss) 168,083 (1,845,444) 1,326,365 (5,269,336)
Comprehensive income (loss) 329,270 (982,127) 648,224 (2,382,125)
Comprehensive income (loss) attributable to noncontrolling interests (5,846) (3,379) (918) (1,740)
Comprehensive income (loss) attributable to Annaly 335,116 (978,748) 649,142 (2,380,385)
Dividends on preferred stock 35,766 26,883 67,641 53,766
Comprehensive income (loss) attributable to common stockholders $ 299,350 $ (1,005,631) $ 581,501 $ (2,434,151)