ARMOUR RESIDENTIAL REIT, INC. ARR Income Statement

Armour residential reit, inc. (ARR)

Income statement / TTM

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
382,755	382,811	356,946	311,599	245,970	218,391	211,840	207,345	204,473	196,301	188,374	180,626	191,227	225,796	267,136	308,235	344,400	365,300	383,368	405,206	427,395	450,927	465,684	470,621	497,888	505,443	507,548	511,823	456,868	388,994	301,005	223,977	166,878	117,638	86,184	47,934	0	0	0
Trading securities, interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Interest Income
437,633	439,565	415,603	372,338	309,769	283,148	275,636	269,783	264,020	254,433	246,650	238,234	243,600	263,995	291,140	318,418	344,727	365,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense- repurchase agreements
278,771	288,229	274,922	234,988	183,190	154,230	136,924	123,702	108,512	94,558	84,360	74,263	72,023	73,107	71,202	68,593	64,234	59,278	57,370	57,945	59,007	59,562	60,876	63,769	72,385	83,113	86,191	79,398	0	-	0	0	-	-	-	-	-	0	0
Interest expense- U.S. Treasury Securities sold short
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,430	11,856	7,533	4,255	0	0	0
Net Interest Income
158,862	151,336	140,681	137,350	126,579	128,918	138,712	146,081	155,508	159,875	162,290	163,971	171,577	190,888	219,938	249,825	280,493	306,022	324,870	345,973	362,837	385,814	398,948	401,152	424,066	420,893	416,641	419,593	377,127	327,799	259,049	197,792	149,448	105,782	78,650	43,679	0	0	0
Other Income (Loss):
Realized gain (loss) on sale of Agency Securities (reclassified from Other comprehensive income (loss))
105,846	9,611	-62,280	-97,985	-123,257	-152,950	-86,818	-54,791	-29,935	-8,486	-47,871	-46,341	-31,256	-18,211	5,829	3,477	-16,199	-11,546	1,686	-10,773	5,445	68,770	-263,282	-551,852	-542,143	-593,498	-241,053	74,969	52,825	40,627	26,554	0	0	-	0	-	-	-	-
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded
1,012	0	0	0	0	12,090	15,387	15,459	25,797	13,707	10,410	10,338	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of interest rate contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Realized (loss) gain on interest rate contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain (loss) on Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gain on short sale of U.S. Treasury Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on short sale of U.S. Treasury Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase price on acquisition of JAVELIN
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Subtotal
-78,190	-12,638	-110,417	-138,533	-162,617	-199,678	-94,183	-67,993	-9,410	40,513	-6,433	41,340	50,658	47,284	63,760	22,991	-12,077	-11,546	-307	-9,680	-9,243	54,082	-676,187	-932,588	-928,176	-979,531	-232,331	33,149	0	-	0	0	-	-	0	-	-	-	-
Realized gain (loss) on derivatives
-427,013	-213,996	-198,488	-109,673	-31,024	-47,497	-70,170	-73,012	-49,030	-22,675	-115,305	-96,386	-218,542	-452,398	-376,595	-413,811	-361,274	-107,070	-107,103	-124,358	-98,878	-118,716	-111,627	-114,234	-118,594	-135,908	-127,157	-108,809	-82,351	-63,039	-49,636	-39,143	-32,821	-25,006	-16,622	0	0	0	-
Unrealized loss on derivatives
-156,947	-136,127	-363,634	-313,310	-160,952	49,316	240,143	188,548	112,705	39,272	198,858	222,108	319,038	206,212	109,150	-182,748	-54,382	-181,662	-472,615	-191,833	-502,613	-462,630	-149,940	-176,469	351,987	544,643	442,155	422,490	-60,087	-58,774	0	0	0	-	-	-	-	0	-
Subtotal
-583,960	-350,123	-562,122	-422,983	-191,976	1,819	169,973	115,536	63,675	16,597	83,553	125,722	100,496	-246,186	-267,445	-596,559	-415,656	-288,732	-579,718	-316,191	-601,491	-581,346	-261,567	-290,703	233,393	408,735	314,998	313,681	-142,438	-121,813	-139,098	-162,927	-112,028	-122,093	-111,905	0	0	0	-
Total Other Loss
-662,150	-362,761	-672,539	-561,516	-354,593	-197,859	75,790	47,543	54,265	57,110	77,120	167,062	151,154	-198,902	-203,685	-573,568	-427,733	-300,278	-580,025	-325,871	-610,734	-527,264	-937,754	-1,223,291	-694,783	-570,796	88,122	367,572	-88,570	-80,143	-107,758	-140,205	-89,081	-105,462	-105,461	0	0	0	-
Total net revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Expenses:
Management fees
29,771	29,571	28,996	28,385	27,703	27,246	27,203	27,142	26,862	26,582	26,311	26,086	26,083	26,070	26,246	26,576	26,923	27,292	27,560	27,672	27,769	27,857	28,048	27,568	28,473	28,141	27,089	26,151	22,580	19,459	15,771	12,417	9,614	6,858	4,667	2,561	0	0	0
Professional fees
2,619	2,808	3,860	4,413	4,841	4,978	5,345	4,711	4,870	4,578	3,717	3,966	3,960	5,253	5,544	5,332	4,497	3,117	3,273	3,011	3,254	3,735	3,803	3,960	3,581	3,311	2,900	2,599	2,502	2,009	1,912	1,710	1,527	1,387	967	778	0	0	0
Insurance
731	713	718	678	660	660	638	693	724	836	954	1,039	1,116	1,010	901	792	691	690	690	698	712	726	739	745	649	543	458	355	320	291	240	215	211	213	199	190	0	0	0
Compensation
4,567	3,889	3,645	3,584	3,584	3,774	3,819	3,297	2,798	2,298	2,108	2,127	2,219	2,260	2,196	2,209	2,196	2,291	2,397	2,538	2,697	2,796	2,804	3,979	3,502	3,047	2,794	1,361	1,602	1,838	1,553	1,262	904	543	0	0	0	-	-
Other
-1,207	-1,499	-1,488	-680	-292	-367	-2,873	-3,137	-2,438	-1,537	-4,056	-3,205	-3,143	-2,910	3,179	3,402	3,664	3,559	3,101	2,714	2,410	2,484	2,452	2,306	2,200	2,109	2,051	2,330	2,173	1,777	1,539	1,122	915	710	540	573	0	0	0
Total Expenses
38,895	38,480	38,707	37,740	37,080	37,025	37,476	36,578	36,590	35,831	35,174	35,833	36,055	37,503	38,066	38,311	37,971	36,949	37,021	36,633	36,842	37,598	37,846	38,558	38,405	37,151	35,292	32,796	29,177	25,374	21,015	16,726	13,171	9,711	6,781	4,375	0	0	0
Loss before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	222,282	130,276	40,861	47,196	-9,391	-33,592	177	0	0	0
Income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-24	11	10	10	51	14	0	0	0	-
Net Income (Loss) Attributable to Parent
-542,183	-249,905	-570,565	-461,906	-265,094	-105,966	177,026	157,046	173,183	181,154	204,236	295,200	286,676	-45,517	-21,813	-362,054	-185,211	-31,205	-292,176	-16,531	-284,739	-179,048	-576,652	-860,687	-309,112	-187,044	469,479	754,364	259,372	222,306	130,265	40,851	47,186	-9,442	-33,606	165	0	0	0
Preferred Stock Dividends, Income Statement Impact
14,202	15,634	16,204	17,053	17,038	17,032	16,901	16,582	16,228	15,880	15,657	15,622	15,622	15,622	15,622	15,622	15,622	15,622	15,620	15,620	15,620	15,620	15,621	15,621	15,621	14,213	11,111	7,366	0	-	0	0	-	-	-	-	-	-	-
Net Loss related to common stockholders
-556,385	-265,539	-586,769	-478,959	-282,132	-122,998	160,125	140,464	156,955	165,274	188,579	279,578	271,054	-61,139	-37,435	-377,676	-200,833	-46,827	-307,796	-32,151	-300,359	-194,668	-592,273	-876,308	-324,733	-201,257	458,172	746,158	254,911	220,342	71,123	9,713	0	-	0	0	-	-	-
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
51,681	52,918	53,651	55,066	56,013	56,427	56,493	55,893	56,077	55,969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities
-208,002	-24,395	-49,245	-42,518	-28,053	-27,266	14,682	9,226	42,671	65,672	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-Only Securities
Interest income, trading
251	596	991	1,404	1,570	1,667	1,739	1,842	2,002	2,163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities
490	122	-943	-733	-1,673	-1,007	-268	-661	1,075	-2,966	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
US Treasury Securities
Interest income, trading
1,341	1,354	1,945	2,221	4,282	4,644	4,053	3,649	844	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities
24,488	2,024	2,051	2,703	-9,634	-6,365	-6,392	-6,308	2,576	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Loans
Interest income, trading
1,605	1,886	2,070	2,048	1,934	2,019	1,511	1,054	624	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-