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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Series C Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Series C Preferred Stock
Accumulated Deficit
Accumulated Deficit
Series C Preferred Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Other Comprehensive Income
Revision of Prior Period, Accounting Standards Update, Adjustment
Revision of Prior Period, Accounting Standards Update, Adjustment
Accumulated Deficit
Balance (in shares) at Dec. 31, 2019       0 8,000,000 452,369,000                
Balance at Dec. 31, 2019 $ 3,383,952     $ 0 $ 80 $ 4,524 $ 3,640,341   $ (631,040)     $ 370,047 $ (8,326) $ (8,326)
Increase (Decrease) in Stockholders' Equity                            
Net income/(loss) (908,995)               (908,995)          
Issuance of stock, net of expenses (in shares)       11,000,000   1,106,000                
Issuance of stock, net of expenses 687 $ 266,029   $ 110   $ 7 680 $ 265,919            
Repurchase of shares of common stock (in shares) [1]           (337,000)                
Repurchase of shares of common stock [1] (2,652)           (2,652)              
Equity based compensation expense 1,266           1,266              
Change in accrued dividends attributable to stock-based awards 1,059           1,059              
Dividends declared on preferred stock (5,215)                          
Change in unrealized gains on MBS, net (243,812)                     (243,812)    
Derivative hedging instrument fair value changes and amortization, net (48,533)                     (48,533)    
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 0                          
Balance (in shares) at Mar. 31, 2020       11,000,000 8,000,000 453,138,000                
Balance at Mar. 31, 2020 2,440,675     $ 110 $ 80 $ 4,531 3,906,613   (1,548,361)     77,702    
Increase (Decrease) in Stockholders' Equity                            
Adjustments related to tax withholding for share-based compensation           $ 2,700                
Shares paid for tax withholding for share based compensation (in shares)           337,026                
Balance (in shares) at Dec. 31, 2020       11,000,000 8,000,000 451,714,000                
Balance at Dec. 31, 2020 2,524,802     $ 110 $ 80 $ 4,517 3,848,129   (1,405,327)     77,293    
Increase (Decrease) in Stockholders' Equity                            
Net income/(loss) 85,522               85,522          
Issuance of stock, net of expenses (in shares)           559,000                
Issuance of stock, net of expenses 382         $ 6 376              
Repurchase of shares of common stock (in shares) [2]           (6,159,000)                
Repurchase of shares of common stock [2] (25,136)           (25,074)              
Equity based compensation expense 1,686           1,686              
Change in accrued dividends attributable to stock-based awards 489           489              
Dividends declared on common stock (33,521)               (33,521)          
Dividends declared on preferred stock (8,219) $ (4,468) $ (3,750)             $ (4,468) $ (3,750)      
Dividends attributable to dividend equivalents (120)               (120)          
Change in unrealized gains on MBS, net (3,855)                     (3,855)    
Derivative hedging instrument fair value changes and amortization, net 0                     0    
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 235                     235    
Balance (in shares) at Mar. 31, 2021       11,000,000 8,000,000 446,114,000                
Balance at Mar. 31, 2021 $ 2,542,266     $ 110 $ 80 $ 4,461 $ 3,825,606   $ (1,361,664)     $ 73,673    
Increase (Decrease) in Stockholders' Equity                            
Adjustments related to tax withholding for share-based compensation           $ 799                
Shares paid for tax withholding for share based compensation (in shares)           213,123                
[1] For the three months ended March 31, 2020, includes approximately $2.7 million (337,026 shares) surrendered for tax purposes related to equity-based compensation awards.
[2] For the three months ended March 31, 2021 includes approximately $799,000 (213,123 shares) surrendered for tax purposes related to equity-based compensation awards.