Anworth mortgage asset corp (ANH)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Interest and other income:
Interest-Agency MBS

90,173

95,656

76,657

69,912

105,504

155,486

174,713

195,705

224,130

-

-

-

Interest-Non-Agency MBS

38,038

40,733

38,266

35,852

27,131

1,039

15

-

-

-

-

-

Interest-residential securitized mortgage loans

20,443

23,463

27,720

34,637

12,819

0

0

-

-

-

-

-

Interest-residential mortgage loans held-for-securitization

4,314

-

-

-

-

-

-

-

-

-

-

-

Other interest income

1,427

120

105

51

44

42

56

90

50

63

149

702

Interest and Dividend Income, Operating, Total

154,395

159,972

142,748

140,452

145,498

156,567

174,784

195,853

224,180

219,803

262,029

287,698

Interest expense:
Interest expense on repurchase agreements

92,737

90,511

53,954

36,505

30,694

78,643

91,690

84,720

87,975

94,536

-

-

Interest expense on asset-backed securities

19,771

22,800

26,939

32,480

11,645

0

0

-

-

-

-

-

Interest expense on warehouse line of credit

4,148

-

-

-

-

-

-

-

-

-

-

-

Interest expense on junior subordinated notes

2,100

1,996

1,626

1,435

1,282

1,264

1,280

1,353

1,290

1,294

-

-

Interest expense on repurchase agreements

-

-

-

-

-

-

-

-

-

-

114,158

178,875

Interest expense on junior subordinated notes

-

-

-

-

-

-

-

-

-

-

1,549

2,449

Interest Expense, Total

118,756

115,307

82,519

70,420

43,621

79,907

92,970

86,073

89,265

95,830

115,707

181,324

Net interest income

35,639

44,665

60,229

70,032

101,877

76,660

81,814

-

-

-

-

-

Provision for credit losses on loans

-

-

-

-

203

0

0

-

-

-

-

-

Net interest income after provision for loan losses

-

-

-

-

101,674

76,660

81,814

-

-

-

-

-

Operating expenses:
Management fee to related party

6,699

7,098

7,503

7,883

8,791

10,746

11,961

11,585

-

0

-

-

Rental properties depreciation and expenses

1,517

1,525

1,372

1,344

-

-

-

-

-

-

-

-

General and administrative expenses

5,090

4,880

4,430

4,992

5,189

7,008

3,767

3,837

-

-

-

-

Total operating expenses

13,306

13,503

13,305

14,219

13,980

17,754

15,728

15,422

-

-

-

-

Net interest income

-

-

-

-

-

-

-

109,780

134,915

123,973

146,322

106,374

Other (loss) income:
Interest on Agency MBS

-

-

-

-

-

-

-

-

-

219,531

-

-

Interest on Agency MBS

-

-

-

-

-

-

-

-

-

-

261,625

285,687

Interest on Non-Agency MBS

-

-

-

-

-

-

-

58

-

209

255

1,309

Income-rental properties

1,800

1,761

1,710

1,688

1,594

589

0

-

-

-

-

-

Realized net gain (loss) on sales of available-for-sale MBS

-

-

-

-1,935

-

-

-

4,434

-

0

-

-49

Impairment charge on Non-Agency MBS

2,108

2,869

2,399

1,548

-

0

-

-

-

-

-

-

Gain on sale of residential mortgage loans held-for-investment through consolidated securitization trusts

-

-

378

749

-

0

-

-

-

-

-

-

Gain on sale of residential properties

31

54

-

-

-

-

-

-

-

-

-

-

Gain on sale of residential properties

31

54

-

-

-

-

-

-

-

-

-

-

(Loss) on interest rate swaps, net

-

-

-

-

-

-36,676

0

-

-

-

-

-

(Loss) on derivatives, net

-84,741

-8,071

7,132

-18,509

-67,027

-

-

-

-

-

-

-

Gain on derivatives-TBA Agency MBS, net

-

-

-

-

-

-

0

-

-

-

-

-

Gain (loss) on derivatives-Eurodollar Futures Contracts

-

-

-

-

-

-

0

-

-

-

-

-

Recovery on Non-Agency MBS

-

1

2

12

26

120

397

1,426

2,225

270

-

-

Total other (loss)

-77,752

-37,650

7,448

-33,320

-72,990

-30,287

9,634

-

-

-

-

-

Total other (loss) income

-

-

-

-

-

-

-

5,860

-

-

-

-

Net gain on derivative instruments

-

-

-

-

-

-

-

-

-

-

107

-113

Recoveries on Non-Agency MBS

-

-

-

-

-

-

-

-

-

-

0

-

Recovery on Non-Agency MBS

-

-

-

-

-

-

-

-

-

-

-

-37,537

Compensation, incentive compensation and benefits

-

-

-

-

-

-

-

-

10,979

10,070

11,868

10,074

Write-down of Lehman receivable

-

-

-

-

-

-

-

-

-

674

962

0

Write-off of common stock offering costs

-

-

-

-

-

-

-

-

-

-

-

114

Other expenses

-

-

-

-

-

-

-

-

3,285

3,000

3,365

3,438

Total expenses

-

-

-

-

-

-

-

-

14,264

13,744

16,195

13,626

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

55,049

Gain on disposition of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

7,558

Net (loss)

-55,419

-6,488

54,372

22,493

14,704

28,619

75,720

100,218

122,876

110,499

130,234

62,607

Dividends on preferred stock

9,189

9,189

8,173

6,583

6,437

4,139

4,142

-

-

-

-

-

Dividend on Series B Cumulative Convertible Preferred Stock

-

-

-

-

-

1,577

1,594

-

4,044

4,044

-

-

Dividend on Series A Cumulative Preferred Stock

-

-

-

-

-

-

-

4,045

-

-

-

-

Dividend on Series A Cumulative Preferred Stock

-

-

-

-

-

-

-

-

-

-

4,044

-

Dividend on Series A Cumulative Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

4,044

Dividend on Series B Cumulative Convertible Preferred Stock

-

-

-

-

-

-

-

1,728

1,841

1,720

1,862

1,884

Dividend on Series C Cumulative Redeemable Preferred Stock

-

-

-

-

-

0

0

-

-

-

-

-

Net (loss) to common stockholders

-64,608

-15,677

46,199

15,910

8,267

22,903

69,984

94,445

116,991

104,735

124,328

56,679

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

0.60

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

0.09

Basic (loss) per common share

-0.65

-0.16

0.48

0.17

0.08

0.18

0.49

0.68

0.91

0.89

1.18

0.69

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

0.60

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

0.09

Diluted (loss) per common share

-0.65

-0.16

0.47

0.17

0.08

0.18

0.49

0.67

0.90

0.87

1.16

0.69

Basic weighted average number of shares outstanding

98,739

98,314

96,764

96,408

103,412

123,949

142,455

138,382

128,601

118,164

105,413

82,043

Diluted weighted average number of shares outstanding

98,739

98,314

100,479

101,068

107,751

128,057

146,400

142,485

132,759

121,919

108,905

85,281

Agency MBS
Realized net gain (loss) on sales of available-for-sale MBS

-3,983

-12,186

-2,168

-1,935

-

-

-

-

-

-

-

-

Realized net (loss) on MBS held as trading investments

-5,787

-11,429

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on Agency MBS held as trading investments

17,036

-4,911

2,793

-13,777

-

-

-

-

-

-

-

-