ANWORTH MORTGAGE ASSET CORP ANH Income Statement

Anworth mortgage asset corp (ANH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest and other income:
Interest-Agency MBS
21,258	19,990	20,335	24,137	25,711	23,208	23,578	24,814	24,044	23,891	19,892	15,771	17,103	19,964	18,494	10,690	20,765	22,881	24,572	27,464	30,588	32,636	37,057	41,399	44,394	43,386	42,646	45,231	43,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-Non-Agency MBS
8,120	8,614	9,299	9,659	10,466	10,445	10,377	9,902	10,021	9,607	9,352	9,738	9,568	8,667	8,766	9,137	9,281	9,021	8,078	6,385	3,647	1,037	0	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-residential securitized mortgage loans
4,391	4,767	5,049	5,259	5,368	5,519	5,750	5,955	6,238	6,515	6,795	7,060	7,351	7,854	8,359	9,111	9,313	7,510	4,120	1,188	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-residential mortgage loans held-for-securitization
1,820	1,618	1,574	1,036	86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest income
174	709	679	20	19	29	20	44	28	22	25	31	26	17	11	12	12	13	11	10	10	11	10	10	11	13	11	13	17	46	14	16	14	14	14	11	11	16	19	19	9	27	67
Interest and Dividend Income, Operating, Total
35,763	35,698	36,936	40,111	41,650	39,201	39,725	40,715	40,331	40,035	36,064	32,600	34,048	36,502	35,630	28,950	39,371	39,425	36,781	35,047	34,245	34,006	37,264	41,480	44,406	43,416	42,657	45,244	43,467	45,056	47,191	50,343	53,263	53,713	54,482	59,028	56,957	53,930	50,246	54,419	61,208	63,234	67,250
Interest expense:
Interest expense on repurchase agreements
17,278	18,489	21,132	25,979	27,136	25,362	24,027	22,028	19,093	16,881	15,242	11,421	10,411	9,532	8,615	8,960	9,398	8,437	8,167	7,400	6,689	6,405	19,024	25,807	27,406	28,258	22,484	20,046	20,902	22,069	21,408	20,669	20,574	22,127	21,010	22,726	22,112	-	-	-	-	-	-
Interest expense on asset-backed securities
4,225	4,600	4,880	5,091	5,200	5,351	5,581	5,797	6,070	6,346	6,626	6,892	7,075	7,548	7,918	8,414	8,599	6,841	3,729	1,075	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense on warehouse line of credit
1,412	1,477	1,381	1,057	234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense on junior subordinated notes
472	492	520	542	547	526	519	504	447	423	417	401	384	375	360	354	346	325	323	319	315	317	318	315	314	318	321	320	320	329	339	340	345	330	320	321	319	-	-	-	-	-	-
Interest expense on repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,961	22,612	24,264	23,699	27,573	28,796
Interest expense on junior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	327	340	322	305	357	402
Interest Expense, Total
23,387	25,058	27,913	32,669	33,117	31,239	30,127	28,329	25,610	23,650	22,285	18,714	17,870	17,455	16,893	17,728	18,343	15,603	12,219	8,794	7,004	6,722	19,342	26,122	27,720	28,576	22,805	20,366	21,222	22,398	21,747	21,009	20,919	22,457	21,330	23,047	22,431	24,288	22,952	24,586	24,004	27,930	29,198
Net interest income
12,376	10,641	9,023	7,442	8,533	7,962	9,598	12,386	14,721	16,385	13,779	13,886	16,178	19,047	18,737	11,222	21,028	23,822	24,562	26,253	27,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,304	38,052
Provision for credit losses on loans
56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	70	70	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest income after provision for loan losses
12,320	-	-	-	8,533	-	-	-	-	-	-	-	-	-	-	-	-	23,759	24,492	26,183	27,241	27,284	17,922	15,358	16,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Management fee to related party
1,528	1,615	1,647	1,713	1,724	2,059	1,636	1,666	1,737	1,871	1,936	1,876	-	-	-	-	-	-	-	-	-	-	-	-	-	2,952	2,982	3,029	2,998	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental properties depreciation and expenses
443	372	423	367	355	368	366	405	386	-	340	347	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
1,089	1,902	1,188	1,033	967	1,249	1,197	1,324	1,110	1,565	1,098	968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	953	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
3,060	3,889	3,258	3,113	3,046	3,675	3,199	3,395	3,233	3,436	3,374	3,191	3,305	3,511	3,436	3,660	3,612	3,427	3,523	3,415	3,615	3,767	3,497	6,510	3,980	-	3,935	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,840	19,852	24,878	22,245	22,658	25,444	29,334	32,344	31,256	33,152	35,981	34,526	29,642	27,294	29,833	37,204	-	-
Other (loss) income:
Income-rental properties
454	-	-	-	436	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on Agency MBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,667	54,435	58,978	56,901	-	-	-	-	-	-
Interest on Agency MBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,866	50,174	54,340	61,151	63,150	67,111
Interest on Non-Agency MBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	33	39	45	48	53	60	48	57	72
Income-rental properties
-	441	469	453	-	428	436	445	451	413	397	451	449	425	424	428	410	416	399	409	370	322	197	70	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized net gain (loss) on sales of available-for-sale MBS
5,710	1,338	214	444	-6,147	-999	799	0	-11,987	-	-2,276	176	-68	98	1,206	-	-3,239	-7,508	0	0	0	1,169	-5,617	1,594	0	-	1,991	2,076	5,170	4,434	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized net (loss) on MBS held as trading investments
-	1,342	-	-	-	-3,871	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charge on Non-Agency MBS
-	357	1,145	606	-	971	141	1,757	18	-	762	905	-	1,548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on Agency MBS held as trading investments
-	-	1,900	1,000	-	-	3,000	2,700	8,900	-	5,800	4,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on Agency MBS held as trading investments
-	-	-	-	-	-	-	-	-	-7,279	-	-	-	-14,925	1,148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of residential mortgage loans held-for-investment through consolidated securitization trusts
-	-	-	-	-	-	-	-	-	0	0	256	122	-	716	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of residential properties
78	31	-	-	-	23	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) on interest rate swaps, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,131	-50,965	5,075	-46,488	-46,244	10,947	-2,006	628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) on derivatives, net
-88,791	20,824	-24,734	-53,543	-27,289	-44,504	13,090	9,930	13,412	10,121	-945	-4,422	378	16,226	9,493	-9,385	-34,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on derivatives-TBA Agency MBS, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,062	-413	1,578	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on derivatives-Eurodollar Futures Contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,806	111	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on interest rate swaps, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery on Non-Agency MBS
-	-	-	-	-	-	-	1	-	-1	1	1	1	9	1	1	1	13	7	4	1	12	37	33	37	64	100	103	129	154	299	350	623	499	830	678	218	-	-	-	-	-	-
Total other (loss)
-195,081	22,991	-23,257	-52,029	-25,457	-40,220	10,966	5,942	-14,341	3,254	2,264	-598	2	285	12,988	-8,923	-37,671	12,614	-42,783	-2,890	-39,933	-37,807	5,065	1,199	665	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Recoveries on Non-Agency MBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	270	0	0	0	-	-
Compensation, incentive compensation and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,849	3,116
Write-down of Lehman receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	674	0	0	0
Other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,030	922	-	-	-	-	-	-	-	-	-	-	-	-	762	906
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,059	3,920	-	-	-	-	-	-	-	-	-	-	-	-	3,611	4,022
Net (loss)
-185,821	29,742	-17,492	-47,700	-19,970	-35,933	17,365	14,933	-2,853	16,203	12,669	10,097	15	15,821	28,289	-1,361	-20,255	32,946	-21,814	19,878	-16,307	-14,290	19,490	10,047	13,371	11,090	18,008	22,998	23,624	23,333	21,951	25,812	29,122	28,389	30,549	32,778	31,160	27,100	24,339	25,811	33,249	31,693	34,030
Dividends on preferred stock
2,297	2,297	2,297	2,297	2,297	2,297	2,297	2,297	2,297	2,277	2,115	2,025	1,755	1,660	1,651	1,636	1,636	1,035	1,035	1,035	1,035	1,035	1,035	1,035	1,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend on Series B Cumulative Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	394	394	394	394	394	394	394	394	1,035	1,035	1,035	1,034	1,012	1,011	1,011	1,011	1,011	1,011	1,011	1,011	-	-	-	-	-	-
Dividend on Series A Cumulative Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,011	1,011
Dividend on Series B Cumulative Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	394	394	394	412	416	412	449	450	449	450	450	492	-	-	-	-	487	471
Dividend on Series C Cumulative Redeemable Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207	203	200	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) to common stockholders
-188,118	27,445	-19,789	-49,997	-22,267	-38,230	15,068	12,636	-5,150	13,926	10,554	8,072	13,646	14,161	26,638	-2,997	-21,891	31,310	-23,446	18,249	-17,847	-15,719	18,061	8,618	11,942	9,661	16,579	21,569	22,178	21,905	20,528	24,352	27,661	26,929	29,088	31,317	29,657	25,659	22,898	24,370	31,808	30,195	32,548
Basic (loss) per common share
-1.90	0.28	-0.20	-0.51	-0.23	-0.39	0.15	0.13	-0.05	0.14	0.11	0.08	0.14	0.15	0.28	-0.03	-0.22	0.31	-0.23	0.18	-0.17	-0.14	0.15	0.07	0.09	0.07	0.12	0.15	0.16	0.15	0.15	0.18	0.20	0.20	0.22	0.25	0.24	0.21	0.19	0.21	0.27	0.28	0.32
Diluted (loss) per common share
-1.90	0.27	-0.20	-0.51	-0.23	-0.39	0.15	0.13	-0.05	0.14	0.11	0.08	0.14	0.14	0.27	-0.03	-0.22	0.30	-0.23	0.17	-0.17	-0.13	0.15	0.07	0.09	0.07	0.12	0.15	0.15	0.15	0.15	0.18	0.20	0.20	0.22	0.24	0.24	0.21	0.19	0.21	0.27	0.27	0.31
Basic weighted average number of shares outstanding
98,823	98,823	98,739	98,635	98,537	98	98,353	98,271	98,185	98	97,547	95,696	95,705	95,706	95,881	96,355	97,704	99,857	102,431	104,225	107,228	111,536	121,061	126,787	136,848	140,314	142,380	144,252	142,903	142,140	139,209	137,064	135,064	133,412	131,886	127,029	121,914	120,394	117,923	117,541	116,755	109,125	102,344
Diluted weighted average number of shares outstanding
98,823	103,141	98,739	98,635	98,537	98	102,331	102,205	98,185	101	100,702	100,590	100,544	100,485	100,590	96,355	97,704	104,294	106,780	108,530	111,472	115,727	125,192	130,867	140,875	144,272	146,287	148,126	146,945	146,159	143,148	141,292	139,292	137,625	136,099	131,402	126,205	124,150	121,557	121,101	120,316	112,868	105,849
Agency MBS
Realized net gain (loss) on sales of available-for-sale MBS
5,710	-	214	-	-6,147	-	799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized net (loss) on MBS held as trading investments
3,981	1,341	1	234	-7,363	-3,871	-231	0	-7,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on Agency MBS held as trading investments
-1,141	-798	1,939	989	14,906	9,673	-3,017	-2,677	-8,890	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-Agency MBS
Realized net gain (loss) on sales of available-for-sale MBS
-55,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on Agency MBS held as trading investments
-59,982	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-