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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Investment securities available for sale, at fair value $ 607,407 $ 724,726
Equity investments, at fair value 204,697 259,095
Cash and cash equivalents 324,927 293,183
Other assets 314,434 165,824
Total Assets [1] 4,780,927 4,655,587
Liabilities:    
Convertible notes 136,586 135,327
Senior unsecured notes 96,380 0
Subordinated debentures 45,000 45,000
Other liabilities 204,247 138,498
Total Liabilities [1] 2,454,568 2,348,014
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, par value $0.01 per share, 30,900,000 shares authorized, 20,872,888 shares issued and outstanding ($521,822 aggregate liquidation preference) 504,765 504,765
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 379,371,987 and 377,744,476 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 3,794 3,777
Additional paid-in capital 2,347,753 2,342,934
Accumulated other comprehensive income 7,449 994
Accumulated deficit (542,600) (551,268)
Company's stockholders' equity 2,321,161 2,301,202
Non-controlling interest in consolidated variable interest entities 5,198 6,371
Total equity 2,326,359 2,307,573
Total Liabilities and Stockholders' Equity 4,780,927 4,655,587
Repurchase agreements    
Liabilities:    
Repurchase agreements 340,541 405,531
Collateralized Debt Obligations    
Liabilities:    
Collateralized debt obligations ($948,090 at fair value and $683,724 at amortized cost, net as of June 30, 2021 and $1,054,335 at fair value and $569,323 at amortized cost, net as of December 31, 2020) 1,631,814 1,623,658
Residential loans, at fair value    
ASSETS    
Residential loans, at fair value 3,202,743 3,049,166
Multi-family loans    
ASSETS    
Multi-family loans, at fair value $ 126,719 $ 163,593
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of June 30, 2021 and December 31, 2020, assets of consolidated VIEs totaled $2,212,001 and $2,150,984, respectively, and the liabilities of consolidated VIEs totaled $1,744,689 and $1,667,306, respectively. See Note 7 for further discussion.