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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net interest income        
Interest income $ 1,001,485 $ 678,488 $ 2,741,229 $ 1,979,953
Interest expense 1,046,819 400,491 2,799,063 645,888
Net interest income (45,334) 277,997 (57,834) 1,334,065
Net servicing income        
Servicing and related income 97,620 74,486 265,683 164,886
Servicing and related expense 9,623 7,780 26,433 17,486
Net servicing income 87,997 66,706 239,250 147,400
Other income (loss)        
Net gains (losses) on investments and other (2,713,126) (2,702,512) (4,020,362) (3,477,532)
Net gains (losses) on derivatives 2,127,430 2,117,240 2,702,003 4,774,911
Loan loss (provision) reversal 0 1,613 219 27,918
Business divestiture-related gains (losses) 0 (2,936) 0 (27,245)
Other, net 26,250 1,526 50,853 (902)
Total other income (loss) (559,446) (585,069) (1,267,287) 1,297,150
General and administrative expenses        
Compensation expense 30,064 27,744 90,090 82,989
Other general and administrative expenses 9,845 10,178 33,562 36,735
Total general and administrative expenses 39,909 37,922 123,652 119,724
Income (loss) before income taxes (556,692) (278,288) (1,209,523) 2,658,891
Income taxes 12,392 (4,311) 37,702 45,657
Net income (loss) (569,084) (273,977) (1,247,225) 2,613,234
Net income (loss) attributable to noncontrolling interests (6,879) 1,287 (7,797) (453)
Net income (loss) attributable to Annaly (562,205) (275,264) (1,239,428) 2,613,687
Dividends on preferred stock 36,854 26,883 104,495 80,649
Net income (loss) available (related) to common stockholders $ (599,059) $ (302,147) $ (1,343,923) $ 2,533,038
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ (1.21) $ (0.70) $ (2.73) $ 6.46
Diluted (in dollars per share) $ (1.21) $ (0.70) $ (2.73) $ 6.45
Weighted average number of common shares outstanding        
Basic (in shares) 494,330,361 429,858,876 492,744,997 392,172,655
Diluted (in shares) 494,330,361 429,858,876 492,744,997 392,445,034
Other comprehensive income (loss)        
Net income (loss) $ (569,084) $ (273,977) $ (1,247,225) $ 2,613,234
Unrealized gains (losses) on available-for-sale securities (825,286) (2,578,509) (443,957) (8,650,438)
Reclassification adjustment for net (gains) losses included in net income (loss) 513,041 1,457,999 1,458,077 2,260,592
Other comprehensive income (loss) (312,245) (1,120,510) 1,014,120 (6,389,846)
Comprehensive income (loss) (881,329) (1,394,487) (233,105) (3,776,612)
Comprehensive income (loss) attributable to noncontrolling interests (6,879) 1,287 (7,797) (453)
Comprehensive income (loss) attributable to Annaly (874,450) (1,395,774) (225,308) (3,776,159)
Dividends on preferred stock 36,854 26,883 104,495 80,649
Comprehensive income (loss) attributable to common stockholders $ (911,304) $ (1,422,657) $ (329,803) $ (3,856,808)