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SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents the results of operations of the Company’s reportable operating segments for the years ended December 31, 2023 and 2022:

December 31, 2023
			Agency			Residential Credit			MSR			Corporate & Other			Consolidated
			(dollars in thousands)
Interest income			$	2,772,963		$	930,232		$	—		$	28,386		$	3,731,581
Interest expense			3,096,245			728,273			—			18,447			3,842,965
Net interest income			(323,282)			201,959			—			9,939			(111,384)
Servicing and related income			—			—			364,157			—			364,157
Servicing and related expense			—			—			37,652			—			37,652
Net servicing income			—			—			326,505			—			326,505
Other income (loss)			(1,824,323)			171,678			13,975			(12,921)			(1,651,591)
Less: Total general and administrative expenses			58,852			49,021			29,872			24,808			162,553
Income (loss) before income taxes			(2,206,457)			324,616			310,608			(27,790)			(1,599,023)
Income taxes			1,629			17,121			21,070			(386)			39,434
Net income (loss)			(2,208,086)			307,495			289,538			(27,404)			(1,638,457)
Less: Net income (loss) attributable to noncontrolling interest			—			4,714			—			—			4,714
Net income (loss) attributable to Annaly			(2,208,086)			302,781			289,538			(27,404)			(1,643,171)
Dividends on preferred stock			—			—			—			141,676			141,676
Net income (loss) available (related) to common stockholders			(2,208,086)			302,781			289,538			(169,080)			(1,784,847)
Unrealized gains (losses) on available-for-sale securities			580,680			—			—			—			580,680
Reclassification adjustment for net (gains) losses included in net income (loss)			1,792,816			—			—			—			1,792,816
Other comprehensive income (loss)			2,373,496			—			—			—			2,373,496
Comprehensive income (loss)			165,410			307,495			289,538			(27,404)			735,039
Comprehensive income (loss) attributable to noncontrolling interests			—			4,714			—			—			4,714
Comprehensive income (loss) attributable to Annaly			$	165,410		$	302,781		$	289,538		$	(27,404)		$	730,325
Noncash investing and financing activities:
Receivable for unsettled trades			2,709,398			—			826			—			2,710,224
Payable for unsettled trades			3,232,941			10			16,438			—			3,249,389
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment			2,373,496			—			—			—			2,373,496
Dividends declared, not yet paid			—			—			—			325,052			325,052
Total assets
Total assets			$	71,167,416		$	19,149,003		$	2,578,644		$	332,173		$	93,227,236

December 31, 2022
			Agency			Residential Credit			MSR			Corporate & Other			Consolidated
			(dollars in thousands)
Interest income			$	2,146,583		$	550,449		$	—		$	81,855		$	2,778,887
Interest expense			936,063			344,669			6,202			22,801			1,309,735
Net interest income			1,210,520			205,780			(6,202)			59,054			1,469,152
Servicing and related income			—			—			246,926			—			246,926
Servicing and related expense			—			—			25,145			—			25,145
Net servicing income			—			—			221,781			—			221,781
Other income (loss)			480,383			(147,908)			(47,510)			(41,178)			243,787
Less: Total general and administrative expenses			50,817			47,005			29,784			35,123			162,729
Income (loss) before income taxes			1,640,086			10,867			138,285			(17,247)			1,771,991
Income taxes			(792)			(10,485)			57,055			(207)			45,571
Net income (loss)			1,640,878			21,352			81,230			(17,040)			1,726,420
Less: Net income (loss) attributable to noncontrolling interest			—			1,088			—			7			1,095
Net income (loss) attributable to Annaly			1,640,878			20,264			81,230			(17,047)			1,725,325
Dividends on preferred stock			—			—			—			110,623			110,623
Net income (loss) available (related) to common stockholders			1,640,878			20,264			81,230			(127,670)			1,614,702
Unrealized gains (losses) on available-for-sale securities			(8,204,542)			—			—			—			(8,204,542)
Reclassification adjustment for net (gains) losses included in net income (loss)			3,537,236			—			—			—			3,537,236
Other comprehensive income (loss)			(4,667,306)			—			—			—			(4,667,306)
Comprehensive income (loss)			(3,026,428)			21,352			81,230			(17,040)			(2,940,886)
Comprehensive income (loss) attributable to noncontrolling interests			—			1,088			—			7			1,095
Comprehensive income (loss) attributable to Annaly			$	(3,026,428)		$	20,264		$	81,230		$	(17,047)		$	(2,941,981)
Noncash investing and financing activities:
Receivable for unsettled trades			572,089			—			3,002			—			575,091
Payable for unsettled trades			1,108,386			38			49,422			—			1,157,846
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment			(4,667,306)			—			—			—			(4,667,306)
Dividends declared, not yet paid			—			—			—			412,113			412,113
Total assets
Total assets			$	65,080,130		$	14,152,927		$	1,931,176		$	686,479		$	81,850,712

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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