v2.4.1.9
Consolidated Statement Of Assets, Liabilities And Equity (USD $)
In Thousands, except Per Share data, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 114,140us-gaap_CashAndCashEquivalentsAtCarryingValue $ 183,489us-gaap_CashAndCashEquivalentsAtCarryingValue
Investments, financial derivatives, and repurchase agreements:    
Investments, at fair value (Cost – $2,122,326 and $1,688,257) 2,172,082us-gaap_InvestmentOwnedAtFairValue 1,730,130us-gaap_InvestmentOwnedAtFairValue
Financial derivatives–assets, at fair value (Net cost – $61,560 and $50,533) 80,029us-gaap_DerivativeAssets [1] 59,664us-gaap_DerivativeAssets [1]
Repurchase agreements (Cost – $172,001 and $27,943) 172,001us-gaap_SecuritiesForReverseRepurchaseAgreements [1] 27,962us-gaap_SecuritiesForReverseRepurchaseAgreements [1]
Total investments, financial derivatives, and repurchase agreements 2,424,112efc_TotalInvestmentsAndFinancialDerivatives 1,817,756efc_TotalInvestmentsAndFinancialDerivatives
Due from brokers 146,965us-gaap_DepositsAssets 82,571us-gaap_DepositsAssets
Receivable for securities sold 1,237,592efc_ReceivableForSecuritiesSoldAndFailingTrades 883,005efc_ReceivableForSecuritiesSoldAndFailingTrades
Interest and principal receivable 20,611us-gaap_InterestReceivable 6,831us-gaap_InterestReceivable
Other assets 1,935us-gaap_OtherAssets 1,546us-gaap_OtherAssets
Total Assets 3,945,355us-gaap_Assets 2,975,198us-gaap_Assets
Investments and financial derivatives:    
Investments sold short, at fair value (Proceeds – $1,290,091 and $847,602) 1,291,370us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue 845,614us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue
Financial derivatives–liabilities, at fair value (Net proceeds – $33,555 and $29,746) 66,116us-gaap_DerivativeLiabilities [1] 44,791us-gaap_DerivativeLiabilities [1]
Total investments and financial derivatives 1,357,486us-gaap_InvestmentRelatedLiabilities 890,405us-gaap_InvestmentRelatedLiabilities
Reverse repurchase agreements 1,669,433us-gaap_SecuritiesSoldUnderAgreementsToRepurchase [1] 1,236,166us-gaap_SecuritiesSoldUnderAgreementsToRepurchase [1]
Due to brokers 22,224efc_DueToBrokers 19,762efc_DueToBrokers
Payable for securities purchased 98,747us-gaap_PayablesToBrokerDealersAndClearingOrganizations 193,047us-gaap_PayablesToBrokerDealersAndClearingOrganizations
Securitized debt (Proceeds – $749 and $980) 774efc_SecuritizedDebt 983efc_SecuritizedDebt
Accounts payable and accrued expenses 2,798us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 1,810us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Base management fee payable 2,963us-gaap_ManagementFeePayable 2,364us-gaap_ManagementFeePayable
Incentive fee payable 0efc_AccruedIncentiveFee 3,091efc_AccruedIncentiveFee
Interest and dividends payable 2,386us-gaap_InterestAndDividendsPayableCurrentAndNoncurrent 1,521us-gaap_InterestAndDividendsPayableCurrentAndNoncurrent
Total Liabilities 3,156,811us-gaap_Liabilities 2,349,149us-gaap_Liabilities
Total Equity 788,544us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 626,049us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND EQUITY 3,945,355us-gaap_LiabilitiesAndStockholdersEquity 2,975,198us-gaap_LiabilitiesAndStockholdersEquity
ANALYSIS OF EQUITY:    
Common shares, no par value, 100,000,000 shares authorized; (33,449,678 and 25,428,186 shares issued and outstanding) 772,811us-gaap_CommonStockValue 611,282us-gaap_CommonStockValue
Additional paid-in capital – LTIP units 9,344efc_AdditionalPaidInCapitalLTIPUnits 9,119efc_AdditionalPaidInCapitalLTIPUnits
Total Shareholders' Equity 782,155us-gaap_StockholdersEquity 620,401us-gaap_StockholdersEquity
Non-controlling interests 6,389us-gaap_MinorityInterest 5,648us-gaap_MinorityInterest
Total Equity $ 788,544us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 626,049us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
PER SHARE INFORMATION:    
Common shares (in usd per share) $ 23.38us-gaap_CommonStockParOrStatedValuePerShare [2] $ 24.40us-gaap_CommonStockParOrStatedValuePerShare [2]
[1] In the Company's Consolidated Statement of Assets, Liabilities, and Equity, all balances associated with repurchase agreements, reverse repurchase agreements, and financial derivatives are presented on a gross basis.
[2] If all LTIP units and OP Units previously issued were vested and exchanged for common shares as of December 31, 2014, 2013, and 2012, shareholders' equity per share would be $23.09, $23.99, and $24.38, respectively.