Arlington asset investment corp. (AI)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income
Mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104,286

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Private-label mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

941

1,059

1,160

1,128

805

675

495

374

290

179

134

154

268

373

336

255

125

7

20

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest income

114,619

123,478

132,397

136,587

133,925

130,953

124,388

120,359

121,765

121,248

115,216

112,035

106,925

105,336

111,987

117,572

119,507

121,263

108,381

110,443

112,220

105,577

109,782

99,476

92,558

87,019

0

0

0

-

57,974

55,717

0

-

0

0

-

-

-

Interest expense
Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,118

7,454

7,144

6,899

0

0

0

-

3,518

2,935

2,418

2,043

1,514

1,109

0

0

0

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,557

2,935

2,307

2,210

2,210

2,212

2,066

1,630

0

0

0

-

491

483

475

465

491

515

0

0

0

Total interest expense

87,167

97,250

102,582

101,126

94,184

84,825

73,227

64,669

58,004

51,514

44,998

38,420

32,595

29,222

26,207

23,982

21,854

18,889

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,328

9,666

9,210

8,529

0

0

0

-

4,009

3,418

2,893

2,508

2,005

1,624

0

0

0

Net interest income

27,452

26,228

29,815

35,461

39,741

46,128

51,161

55,690

63,761

69,734

70,218

73,615

74,330

76,114

85,780

93,590

97,653

102,374

91,459

95,710

99,386

94,186

99,454

89,810

83,348

78,490

0

0

0

-

54,631

52,764

50,520

50,037

46,963

44,332

0

0

0

Investment advisory fee income

-

332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment (loss) gain, net
Gain on trading investments, net

61,955

128,029

160,888

106,120

42,989

-114,522

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on trading investments, net

-

-

-

-

-

-

-

-

-

-

-96,700

-108,228

-96,418

-

44,836

79,257

147

-31,058

-12,836

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from derivative instruments, net

-173,585

-126,190

-251,113

-190,140

-105,016

-9,657

124,995

88,803

41,073

3,224

58,340

74,108

71,405

-31,660

-81,550

-194,373

-129,491

-104,743

-135,582

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of available-for-sale investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

17,725

20,901

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-44

358

204

-27

147

357

652

595

124

226

-138

537

684

551

2,269

1,662

1,971

2,064

524

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investment (loss) gain, net

-111,674

2,197

-90,021

-84,047

-61,880

-123,822

-44,674

-29,049

-40,503

5,874

-35,567

-28,213

-21,190

-69,318

-36,462

-116,941

-115,512

-118,429

-135,386

-82,611

-67,183

-20,287

-16,861

-20,979

-40,142

-47,760

0

0

0

-

-13,243

-27,775

-27,582

-19,166

-19,544

3,029

0

0

0

General and administrative expenses
Other loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-14

-15

-15

-14

-14

-13

0

0

0

Total other loss, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-13,257

-27,790

-27,597

-19,180

-19,558

3,016

0

0

0

Operating income before other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

41,374

24,974

22,923

30,857

27,405

47,348

0

0

0

Compensation and benefits

8,936

10,194

8,577

8,577

8,405

8,329

11,439

12,055

12,798

13,203

12,474

12,455

12,407

11,526

11,317

9,958

9,871

9,719

10,478

12,402

12,918

13,467

13,302

12,349

11,807

11,195

0

0

0

-

10,102

9,120

9,589

10,065

9,908

9,750

0

0

0

Other general and administrative expenses

4,946

4,821

5,079

4,835

5,044

5,041

5,220

5,194

5,144

5,367

5,268

5,373

8,939

9,230

9,266

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total general and administrative expenses

13,882

15,015

13,656

13,412

13,449

13,370

16,659

17,249

17,942

18,570

17,742

17,828

21,346

20,756

20,087

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

4,045

3,624

3,294

1,833

1,358

1,007

0

0

0

Business development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

134

114

106

121

117

117

0

0

0

Occupancy and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

448

431

373

374

371

366

0

0

0

Communications

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

204

206

203

197

191

198

0

0

0

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

6,386

5,828

5,791

5,396

0

0

0

-

1,782

1,777

1,742

1,599

1,555

1,599

0

0

0

Total other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

18,454

17,430

16,970

16,591

0

0

0

-

16,715

15,272

15,307

14,189

13,500

13,037

0

0

0

Income (loss) before income taxes

-

-

-73,612

-61,748

-

-91,064

-10,172

9,392

5,316

57,038

16,909

27,574

31,794

-13,960

28,707

-42,782

-33,563

-30,842

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,143

51,402

26,237

14,139

0

0

0

-

24,659

9,702

7,616

16,668

13,905

34,311

0

0

0

Income tax provision

-

-

-

-

-

733

48,079

39,274

49,518

39,603

48,151

62,871

36,269

27,387

9,807

9,761

25,273

38,561

59,537

49,482

55,909

47,647

-17,935

-20,922

-30,442

-38,684

0

0

0

-

1,690

1,499

1,466

1,495

516

506

0

0

0

Net (loss) income

-98,022

13,742

-39,973

-37,737

-17,820

-91,797

-58,251

-29,882

-44,202

17,435

-31,242

-35,297

-4,475

-41,347

18,900

-52,543

-58,836

-69,403

-119,180

-53,703

-41,465

7,753

82,078

72,324

56,679

52,823

177,377

177,407

176,357

183,942

0

0

0

-

-

-

0

-

-

Dividend on preferred stock

3,096

2,600

1,979

1,356

731

590

520

404

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income (attributable) available to common stock

-101,118

11,142

-41,952

-39,093

-18,551

-92,387

-58,821

-30,384

-44,590

17,184

28,889

18,998

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Net income

-98,022

13,742

-39,973

-37,737

-17,820

-91,797

-58,251

-29,882

-44,202

17,435

29,007

19,033

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (loss) earnings per common share

-2.59

0.69

-0.23

-0.67

0.52

-0.86

-0.19

-0.13

-2.00

0.33

0.86

-0.74

0.22

-1.79

0.82

0.56

-1.38

0.82

-2.29

0.29

-1.84

-1.60

0.62

0.95

0.42

2.69

0.19

0.19

0.23

-

0.31

0.22

1.37

0.88

-1.50

0.01

2.58

0.66

1.12

Diluted (loss) earnings per common share

-2.59

0.69

-0.23

-0.67

0.52

-0.86

-0.19

-0.13

-2.00

0.33

0.85

-0.74

0.22

-1.78

0.81

0.56

-1.38

0.82

-2.29

0.29

-1.84

-1.58

0.61

0.94

0.41

2.66

0.18

0.19

0.23

-

0.31

0.22

1.37

0.87

-1.50

0.01

2.58

0.65

1.10

Dividends declared per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.87

0.87

0.87

-

0.87

0.87

0.75

0.60

0.35

Weighted-average common shares outstanding (in thousands)
Basic

36,711

36,678

36,572

36,533

33,053

30,419

29,382

28,210

28,197

28,248

26,377

24,319

23,652

23,169

23,038

23,003

22,994

23,035

23,021

22,979

22,973

23,047

20,577

19,740

16,808

16,709

16,669

16,655

13,927

-

9,977

9,726

7,865

23,203

7

7

7,661

7,755

7,815

Diluted

36,711

37,088

36,572

36,533

33,139

30,419

29,382

28,210

28,197

28,972

26,856

24,319

23,897

22,791

23,349

23,070

22,994

22,916

23,021

23,098

22,973

23,392

21,055

20,060

17,081

16,986

16,845

16,832

14,093

-

10,041

9,733

7,873

23,267

7

7

7,681

7,887

7,952

Unrealized losses on available-for-sale securities (net of taxes of $-0-, $-0-, and $(3,946), respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,197

-6,455

-8,685

-7,510

-7,033

-11,295

-8,625

-5,713

995

12,035

13,932

19,379

22,412

0

0

0

-

-20,022

-21,353

-18,762

-11,253

0

0

0

-

-

Included in investment (loss) gain, net, related to sales of available-for-sale securities (net of taxes of $-0-, $-0-, and $40, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

17,945

18,243

19,620

10,709

11,666

16,434

16,315

15,134

11,496

0

0

0

-

0

0

-

-

-

-

-

-

-

Included in investment gain (loss), net, related to other-than-temporary impairment charges on available-for-sale securities (net of taxes of $-0-, $676, $940, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Included in investment loss, net, related to other-than-temporary impairment charges on available-for-sale securities (net of taxes of $940, $175, $527, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170

351

732

827

0

0

0

-

0

0

-

-

-

-

-

-

-

Included in investment (loss) gain, net, in the statement of comprehensive income related to sales of available-for-sale securities (net of taxes of $473 and $-0-, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

Included in investment (loss) gain, net, in the statement of comprehensive income related to other-than-temporary impairment charges on available-for-sale securities (net of taxes of $67 and $-0-, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Reclassification adjustment for gains included in net income on available for sale securities (net of taxes of $-0-)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Comprehensive (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-11,936

-53,718

12,251

-60,220

-79,392

-92,904

-148,536

-81,723

-57,613

-2,644

77,849

70,292

61,656

64,566

0

0

0

-

16,521

-7,555

-13,637

-9,955

0

0

0

-

-

Agency MBS
Mortgage-backed securities

112,045

122,227

131,214

135,438

133,103

130,258

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Agency MBS
Mortgage-backed securities

914

184

23

21

17

20

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on trading investments, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured Debt
Short-term debt

82,149

92,200

97,516

96,060

89,130

79,812

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured Debt
Long-term debt

5,018

5,050

5,066

5,066

5,054

5,013

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-