ARMOUR RESIDENTIAL REIT, INC. ARR Income Statement

Armour residential reit, inc. (ARR)

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	Sep'10	Jun'10
Interest Income:
Agency Securities, net of amortization of premium and fees
79,776	87,407	102,134	113,438	79,832	61,542	56,787	47,809	52,253	54,991	52,292	44,937	44,081	47,064	44,544	55,538	78,650	88,404	85,643	91,703	99,550	106,472	107,481	113,892	123,082	121,229	112,418	141,159	130,637	123,334	116,693	86,204	62,763	35,345	39,665	29,105	13,523	3,891	1,415
Trading securities, interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Interest Income
92,858	100,516	115,899	128,360	94,790	76,554	72,634	65,791	68,169	69,042	66,781	60,028	58,582	61,259	58,365	65,394	78,977	88,404	85,643	91,703	99,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense- repurchase agreements
51,520	59,454	80,293	87,504	60,978	46,147	40,359	35,706	32,018	28,841	27,137	20,516	18,064	18,643	17,040	18,276	19,148	16,738	14,431	13,917	14,192	14,830	15,006	14,979	14,747	16,144	17,899	23,595	25,475	-	19,222	11,106	-	-	-	-	-	376	173
Interest expense- U.S. Treasury Securities sold short
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160	4,263	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,929	4,699	3,451	2,351	1,355	376	173
Net Interest Income
41,338	41,062	35,606	40,856	33,812	30,407	32,275	30,085	36,151	40,201	39,644	39,512	40,518	42,616	41,325	47,118	59,829	71,666	71,212	77,786	85,358	90,514	92,315	94,650	108,335	103,648	94,519	117,564	105,162	99,396	97,471	75,098	55,834	30,646	36,214	26,754	12,168	3,514	1,242
Other Income (Loss):
Realized gain (loss) on sale of Agency Securities (reclassified from Other comprehensive income (loss))
93,325	7,996	4,569	-44	-2,910	-63,895	-31,136	-25,316	-32,603	2,237	891	-460	-11,154	-37,148	2,421	14,625	1,891	-13,108	69	-5,051	6,544	124	-12,390	11,167	69,869	-331,928	-300,960	20,876	18,514	20,517	15,062	-1,268	6,316	-	6,444	-	-	-	-
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded
1,012	0	0	0	0	0	0	0	12,090	3,297	72	10,338	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of interest rate contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,456
Realized (loss) gain on interest rate contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6
Gain (loss) on Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gain on short sale of U.S. Treasury Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	639	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on short sale of U.S. Treasury Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,086	-15,781	-	-	35,255	-21,717	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase price on acquisition of JAVELIN
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,484	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,043	-	-	-	-	-	-	-
Subtotal
-69,027	9,646	-5,009	-13,800	-3,475	-88,133	-33,125	-37,884	-40,536	17,362	-6,935	20,699	9,387	-29,584	40,838	30,017	6,013	-13,108	69	-5,051	6,544	-1,869	-9,304	-4,614	69,869	-732,138	-265,705	-202	18,514	-	15,062	-225	-	-	6,444	-	-	-	-
Realized gain (loss) on derivatives
-235,148	-13,799	-85,076	-92,990	-22,131	1,709	3,739	-14,341	-38,604	-20,964	897	9,641	-12,249	-113,594	19,816	-112,515	-246,105	-37,791	-17,400	-59,978	8,099	-37,824	-34,655	-34,498	-11,739	-30,735	-37,262	-38,858	-29,053	-21,984	-18,914	-12,400	-9,741	-8,581	-8,421	-6,078	-1,926	-197	-
Unrealized loss on derivatives
-133,887	80,399	3,845	-107,304	-113,067	-147,108	54,169	45,054	97,201	43,719	2,574	-30,789	23,768	203,305	25,824	66,141	-89,058	106,243	-266,074	194,507	-216,338	-184,710	14,708	-116,273	-176,355	127,980	-11,821	412,183	16,301	25,492	-31,486	-70,394	17,614	-	-	-	-	-3,391	-
Subtotal
-369,035	66,600	-81,231	-200,294	-135,198	-145,399	57,908	30,713	58,597	22,755	3,471	-21,148	11,519	89,711	45,640	-46,374	-335,163	68,452	-283,474	134,529	-208,239	-222,534	-19,947	-150,771	-188,094	97,245	-49,083	373,325	-12,752	3,508	-50,400	-82,794	7,873	-13,777	-74,229	-31,895	-2,192	-3,589	-
Total Other Loss
-438,062	76,246	-86,240	-214,094	-138,673	-233,532	24,783	-7,171	18,061	40,117	-3,464	-449	20,906	60,127	86,478	-16,357	-329,150	55,344	-283,405	129,478	-201,695	-224,403	-29,251	-155,385	-118,225	-634,893	-314,788	373,123	5,762	24,025	-35,338	-83,019	14,189	-3,590	-67,785	-31,895	-2,192	-3,589	-
Total net revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-207
Expenses:
Management fees
7,458	7,410	7,418	7,485	7,258	6,835	6,807	6,803	6,801	6,792	6,746	6,523	6,521	6,521	6,521	6,520	6,508	6,697	6,851	6,867	6,877	6,965	6,963	6,964	6,965	7,156	6,483	7,869	6,633	6,104	5,545	4,298	3,512	2,416	2,191	1,495	756	225	85
Professional fees
846	-61	922	912	1,035	991	1,475	1,340	1,172	1,358	841	1,499	880	497	1,090	1,493	2,173	788	878	658	793	944	616	901	1,274	1,012	773	522	1,004	601	472	425	511	504	270	242	371	84	80
Insurance
183	182	183	183	165	187	143	165	165	165	198	196	277	283	283	273	171	174	174	172	170	174	182	186	184	187	188	90	78	102	85	55	49	51	60	51	51	37	51
Compensation
1,465	1,013	1,094	995	787	769	1,033	995	977	814	511	496	477	624	530	588	518	560	543	575	613	666	684	734	712	674	1,859	257	257	421	426	498	493	136	135	140	132	-	-
Other
17	-83	-704	-437	-275	-72	104	-49	-350	-2,578	-160	650	551	-5,097	691	712	784	992	914	974	679	534	527	670	753	502	381	564	662	444	660	407	266	206	243	200	61	36	275
Total Expenses
9,935	8,627	10,321	10,012	9,520	8,854	9,354	9,352	9,465	9,305	8,456	9,364	8,706	8,648	9,115	9,586	10,154	9,211	9,360	9,246	9,132	9,283	8,972	9,455	9,888	9,531	9,684	9,302	8,634	7,672	7,188	5,683	4,831	3,313	2,899	2,128	1,371	383	493
Loss before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-229,953	481,385	-	115,749	54,945	-13,604	65,192	23,743	-34,470	-7,269	8,605	-458	-700
Income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	0	-	2	3	3	-32	37	2	3	9	0	-
Net Income (Loss) Attributable to Parent
-406,659	108,681	-60,955	-183,250	-114,381	-211,979	47,704	13,562	44,747	71,013	27,724	29,699	52,718	94,095	118,688	21,175	-279,475	117,799	-221,553	198,018	-125,469	-143,172	54,092	-70,190	-19,778	-540,776	-229,943	481,385	102,290	115,747	54,942	-13,607	65,224	23,706	-34,472	-7,272	8,596	-458	-700
Preferred Stock Dividends, Income Statement Impact
2,827	3,691	3,410	4,274	4,259	4,261	4,259	4,259	4,253	4,130	3,940	3,905	3,905	3,907	3,905	3,905	3,905	3,907	3,905	3,905	3,905	3,905	3,905	3,905	3,905	3,906	3,905	3,905	2,497	-	804	160	-	-	-	-	-	-	-
Net Loss related to common stockholders
-409,486	104,990	-64,365	-187,524	-118,640	-216,240	43,445	9,303	40,494	66,883	23,784	25,794	48,813	90,188	114,783	17,270	-283,380	113,892	-225,458	194,113	-129,374	-147,077	50,187	-74,095	-23,683	-544,682	-233,848	477,480	99,793	114,747	54,138	-13,767	65,224	-	-34,472	-7,272	-	-	-
Earnings Per Share [Abstract]
Basic (in dollars per share)
-6.95	1.78	-1.09	-3.14	-2.21	-5.07	1.03	0.22	0.97	1.61	0.58	0.70	1.33	2.46	3.13	0.47	-7.73	2.65	-5.18	4.40	-2.96	-5.16	1.12	-0.21	-0.07	-5.35	-0.63	1.28	0.30	0.39	0.20	-0.08	0.48	-	-0.44	-0.14	-	-	-
Diluted (in dollars per share)
-6.95	1.78	-1.09	-3.14	-2.21	-5.07	1.02	0.22	0.96	1.56	0.58	0.70	1.33	2.47	3.12	0.47	-7.73	2.65	-5.18	4.40	-2.96	-5.16	1.12	-0.21	-0.07	-5.34	-0.63	1.28	0.29	0.38	0.20	-0.08	0.48	-	-0.44	-0.14	-	-	-
Basic and diluted (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.33	7,414,054.00	-0.22
Dividends declared per common share (in dollars per share)
0.51	0.51	0.51	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.66	0.66	0.71	0.99	0.99	0.98	0.96	0.96	3.30	1.20	0.15	0.15	5.82	0.21	0.21	0.24	0.28	0.30	0.30	0.32	-	0.36	0.36	0.34	0.36	0.40
Weighted average common shares outstanding:
Basic (in shares)
58,884	58,902	59,077	59,654	53,630	42,656	42,047	41,912	41,887	41,886	41,288	36,782	36,724	36,713	36,703	36,693	36,683	39,525	43,561	43,916	44,118	-580,641	44,650	357,111	357,496	-899,928	370,818	372,591	337,935	309,507	269,325	180,773	134,903	-	78,360	53,259	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
58,884	59,149	59,077	59,654	53,630	42,656	42,435	42,328	42,331	43,726	41,296	36,798	36,748	36,615	36,746	36,748	36,683	39,419	43,561	44,022	44,118	-580,786	44,795	357,111	357,496	-904,697	372,256	374,135	339,722	311,366	270,010	180,773	134,903	87,666	78,360	53,259	26,399	-0	3,146
Pro Forma for the effect of the pending 1 for 8 reverse stock split (See Note 1)
Pro forma, basic (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pro forma, diluted (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pro forma, dividends declared (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pro forma, common shares outstanding, basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	357,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pro forma, common shares outstanding, diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	357,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit Risk and Non-Agency Securities
Interest income, trading
12,355	12,785	13,158	13,383	13,592	13,518	14,573	14,330	14,006	13,584	13,973	14,514	13,898	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities
-183,111	1,650	-8,842	-17,699	496	-23,200	-2,115	-3,234	1,283	18,748	-7,571	30,211	24,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-Only Securities
Interest income, trading
0	0	0	251	345	395	413	417	442	467	516	577	603	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities
0	0	0	490	-368	-1,065	210	-450	298	-326	-183	1,286	-3,743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
US Treasury Securities
Interest income, trading
469	0	128	744	482	591	404	2,805	844	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities
21,771	0	-736	3,453	-693	27	-84	-8,884	2,576	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Loans
Interest income, trading
258	324	479	544	539	508	457	430	624	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-