Arlington asset investment corp. (AIW)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Mortgage-backed securities

-

-

-

-

-

79,930

60,386

-

-

-

-

Mortgage loans

8

-

-

-

-

-

-

-

-

-

-

Private-label mortgage-backed securities

-

-

-

-

-

-

26,586

-

-

-

-

Interest on investment securities

-

-

-

-

-

-

-

-

-

-

13,940

Other

1,059

675

179

373

7

23

47

-

-

-

139

Total interest income

123,478

130,953

121,248

105,336

121,263

105,577

87,019

-

52,545

39,567

-

Interest expense
Short-term debt

-

-

-

-

-

9,181

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

14,079

Short-term debt

-

-

-

-

-

-

6,899

-

2,043

593

495

Long-term debt

-

-

-

-

-

2,210

1,630

-

465

562

3,150

Total interest expense

97,250

84,825

51,514

29,222

18,889

11,391

-

-

-

-

-

Total interest expense

-

-

-

-

-

-

8,529

-

2,508

1,155

3,645

Net interest income

26,228

46,128

69,734

76,114

102,374

94,186

78,490

-

50,037

38,412

10,434

Investment advisory fee income

332

-

-

-

-

-

-

-

-

-

-

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

128,029

-114,522

2,424

-41,249

-

-

-

-

-

-

-

(Loss) gain on trading investments, net

-

-

-

-

-31,058

102,122

-122,163

-

-

-

-

Loss from derivative instruments, net

-126,190

-9,657

3,224

-31,660

-104,743

-139,938

58,003

-

-

-

-

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

-

-

-

4,777

-

-

-

-

-

-

-

Other-than-temporary impairment charges

-

-

-

1,737

-

-

-

-

-

-

-

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

-

-

-

-

17,725

17,257

17,458

-

-

-

-

Other-than-temporary impairment charges

-

-

-

-

2,417

449

1,354

-

-

-

-

Other, net

358

357

226

551

2,064

721

296

-

-

-

-

Total investment (loss) gain, net

2,197

-123,822

5,874

-69,318

-118,429

-20,287

-47,760

-

-19,166

3,328

3,926

General and administrative expenses
Other loss

-

-

-

-

-

-

-

-

-14

-14

-151

Gain on extinguishment of long-term debt

-

-

-

-

-

-

-

-

-

-

160,435

Total other loss, net

-

-

-

-

-

-

-

-

-19,180

3,314

164,210

Operating income before other expenses

-

-

-

-

-

-

-

-

30,857

41,726

174,644

Compensation and benefits

10,194

8,329

13,203

11,526

9,719

13,467

11,195

-

10,065

10,660

14,366

Other general and administrative expenses

4,821

5,041

5,367

9,230

5,068

5,032

-

-

-

-

-

Total general and administrative expenses

15,015

13,370

18,570

20,756

14,787

18,499

-

-

-

-

-

Professional services

-

-

-

-

-

-

-

-

1,833

1,263

7,053

Business development

-

-

-

-

-

-

-

-

121

97

6,577

Occupancy and equipment

-

-

-

-

-

-

-

-

374

388

538

Communications

-

-

-

-

-

-

-

-

197

204

246

Other expenses

-

-

-

-

-

-

5,396

-

1,599

2,022

5,709

Total other expenses

-

-

-

-

-

-

16,591

-

14,189

14,634

34,489

Income (loss) before income taxes

13,742

-91,064

57,038

-13,960

-30,842

55,400

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

14,139

-

16,668

27,092

140,155

Income tax provision

-

733

39,603

27,387

38,561

47,647

-38,684

-

1,495

506

9,522

Net loss attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-11,459

Net (loss) income

13,742

-91,797

17,435

-41,347

-69,403

7,753

52,823

183,942

15,173

26,586

116,545

Dividend on preferred stock

2,600

590

251

-

-

-

-

-

-

-

-

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

11,142

-92,387

17,184

-41,347

-69,403

-

-

-

-

-

-

Net income from continuing operations, net of taxes

-

-

-

-

-

-

-

-

-

-

130,633

Loss from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-25,547

Net income (loss)

-

-

-

-

-

-

-

-

-

-

105,086

Income from continuing operations, net of taxes

-

-

-

-

-

-

-

-

-

-

130,633

Discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-14,088

Net income

13,742

-91,797

17,435

-41,347

-69,403

-

-

-

-

-

116,545

Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

17.02

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-1.83

Basic (loss) earnings per common share

0.31

-3.18

0.67

-1.79

-3.02

0.39

3.30

-

1.97

3.44

15.19

Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

16.69

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-1.80

Diluted (loss) earnings per common share

0.31

-3.18

0.66

-1.79

-3.02

0.38

3.26

-

1.96

3.38

14.89

Dividends declared per share (in dollars per share)

-

-

-

-

-

-

-

-

-

1.90

0.00

Weighted-average common shares outstanding (in thousands)
Basic

35,709

29,052

25,649

23,051

23,002

20,043

15,990

-

7,720

7,734

7

Diluted

35,833

29,052

26,011

23,051

23,002

20,397

16,189

-

7,741

7,873

7

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

-

-

-

-6,197

-7,033

995

22,412

-

-11,253

60,451

-

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

-

-

-

7,235

17,945

11,666

11,496

-

15,098

-

-

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

-

-

-

-1,061

-

-

-

-

-

-

-

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)

-

-

-

-

1,477

274

-

-

-

-

-

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)

-

-

-

-

-

-

827

-

1,223

-

-

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)

-

-

-

-

-

-

-

-

-

-3,971

-

Comprehensive (loss) income

-

-

-

-53,718

-92,904

-2,644

64,566

-

-9,955

83,066

-

Conversion of Class B common stock to Class A common stock

-

-

-

-

-

-

-

0

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

129,249

-

-

-

Repurchase of common stock under stock-based compensation plans

-

-

-

-

-

-

-

786

-

-

-

Forfeitures of Class A common stock

-

-

-

-

-

-

-

55

-

-

-

Amortization of Class A common stock issued as stock-based awards

-

-

-

-

-

-

-

995

-

-

-

Other comprehensive loss

-

-

-

-

-

-

-

639

-

-

-

Dividends declared

-

-

-

-

-

-

-

40,063

-

-

-

Agency MBS
Mortgage-backed securities

122,227

130,258

120,968

97,053

-

-

-

-

-

-

-

Non-Agency MBS
Mortgage-backed securities

184

20

101

7,910

-

-

-

-

-

-

-

Gain on trading investments, net

-152

-42

58

-

-

-

-

-

-

-

-

Secured Debt
Short-term debt

92,200

79,812

46,648

24,433

-

-

-

-

-

-

-

Unsecured Debt
Long-term debt

5,050

5,013

4,866

4,789

-

-

-

-

-

-

-