CHIMERA INVESTMENT CORP CIM Income Statement

Chimera investment corp (CIM)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Net interest income:
Interest income
1,361,110	1,273,316	1,138,758	934,068	872,737	687,795	511,783	589,440	254,028	103,360	261,243	105,259
Interest expense
758,814	679,108	532,748	347,857	259,365	147,785	101,999	126,558	11,941	7,749	9,871	60,544
Net interest income
602,296	594,208	606,010	586,211	613,372	540,010	409,784	462,882	570,166	429,652	252,600	44,715
Other-than-temporary impairments:
Total other-than-temporary impairment losses
801	2,556	5,169	9,589	8,700	8,713	4,356	47,632	241,962	40,833	290,228	-
Portion of loss recognized in other comprehensive income
4,052	19,235	56,687	48,398	67,444	63,992	45,167	132,250	357,105	131,845	110,871	-
Net other-than-temporary credit impairment losses
4,853	21,791	61,856	57,987	58,744	55,279	40,811	84,618	115,143	91,012	-179,357	-
Other investment gains (losses):
Unrealized Gain (Loss) on Derivatives
-106,209	-141,162	47,976	50,093	67,385	-103,496	34,369	-9,473	-34,478	-9,989	-	4,156
Realized gains (losses) on terminations of interest rate swaps
-360,000	0	-16,000	-60,616	-98,949	0	-	-	-	-	-	-10,337
Net realized gains (losses) on derivatives
-34,423	18,369	-25,645	-44,886	-83,073	-82,852	-7,713	-20,223	-15,929	-5,788	-	-
Net gains (losses) on derivatives
-500,358	-122,793	6,188	-55,409	-114,637	-186,348	26,656	-29,696	-50,407	-15,777	-	-
Net unrealized gains (losses) on financial instruments at fair value
409,634	46,632	111,410	59,552	-158,433	193,534	-44,277	833	-14,545	3,846	2,920	-
Net realized gains (losses) on sales of investments
20,360	-2,743	9,123	18,155	77,074	91,709	68,107	85,166	54,353	17,333	118,915	-144,304
Gain (loss) on deconsolidation
-	-	-	-	-256	47,846	-	-	-	-	-	-
Gains (losses) on extinguishment of debt
9,318	26,376	-35,274	-477	-5,930	-2,184	-	-	-	-	-	-
Realized losses on principal write-downs of Non-Agency RMBS
-	-	-	-	-	-	18,316	-	-	-	-	-
Total other gains (losses)
-61,046	-52,528	91,447	21,821	-202,182	144,557	32,170	56,303	-10,599	5,402	121,835	-150,485
Other income
-	-	-	95,000	0	23,783	-	-	-	-	-	-
Total other income
-	-	-	95,000	0	23,783	-	-	-	-	-	-
Net investment income (loss)
-	-	-	-	-	-	-	-	202,462	303,209	263,564	-105,770
Other expenses:
Management fees
-	-	-	-	-	32,514	25,952	49,525	51,969	40,924	25,704	8,428
Expense recoveries from Manager
-	-	-	-	-	8,936	6,788	4,712	-	-	-	-
Management fees (net of recoveries)
-	-	-	-	17,703	23,578	19,164	44,813	51,969	40,924	-	-
Provision for loan losses, net
-	-	-	-	-	-232	-1,799	368	5,291	7,109	3,102	1,540
Compensation and benefits
48,880	35,114	30,212	26,901	10,544	0	-	-	-	-	-	-
General and administrative expenses
26,555	22,664	17,650	17,516	31,633	20,403	14,085	13,986	7,267	6,015	4,061	4,059
Servicing fees
36,290	40,773	41,690	31,178	25,244	10,004	2,649	-	-	-	-	-
Transaction expenses
10,928	9,610	21,273	17,424	8,272	1,398	-	-	-	-	-	-
Total other expenses
122,653	108,161	110,825	93,019	93,396	55,151	-34,099	59,167	64,527	54,048	32,867	14,027
Income (loss) before income taxes
413,744	411,728	524,776	552,026	250,350	589,207	362,688	327,768	137,935	249,161	230,697	-119,797
Income Tax Expense (Benefit)
0	91	108	83	1	2	2	1	606	756	1	12
Net Income (Loss) Attributable to Parent
413,551	411,637	524,668	551,943	250,349	589,205	362,686	327,767	137,329	248,405	230,696	-119,809
Dividends, Preferred Stock
72,704	43,197	33,484	2,449	0	0	-	-	-	-	-	-
Net income (loss) available to common shareholders
340,847	368,440	491,184	549,494	250,349	589,205	-	-	-	-	-	-
Net income (loss) per share available to common shareholders:
Basic (usd per share)
1.82	1.97	2.62	2.93	1.25	2.87	1.77	0.32	0.13	0.30	0.46	-1.90
Diluted (usd per share)
1.81	1.96	2.61	2.92	1.25	2.87	1.76	0.32	0.13	0.30	0.45	-
Weighted average number of common shares outstanding:
Basic (shares)
187,156	187,146	187,780	187,728	199,563	205,450	205,418	1,026,831	1,026,365	821,675	505,962	63,155
Diluted (shares)
188,406	187,748	188,287	188,024	199,650	205,508	205,514	1,027,499	1,027,171	822,617	507,042	-
Dividends declared per share of common stock (usd per share)
-	-	-	-	1.92	1.80	-	-	0.51	0.69	-	-
Net income (loss)
413,551	411,637	524,668	551,943	250,349	-	362,686	327,767	137,329	248,405	230,696	-119,809
Unrealized gains (losses) on available-for-sale securities, net
-	-	-	-	-	-	23,807	509,399	-549,422	555,835	268,245	-421,125
Reclassification adjustment for net losses included in net income for other-than-temporary credit impairment losses
-	-	-	-	-	-	45,167	132,250	357,105	131,845	110,871	-
Reclassification adjustment for net realized losses (gains) included in net income
-	-	-	-	-	-	68,107	85,166	54,353	-17,333	118,915	-144,304
Other comprehensive income (loss)
-	-	-	-	-	-	867	556,483	-246,670	670,347	260,201	-276,821
Comprehensive income (loss)
-	-	-	-	-	-	363,553	884,250	-109,341	918,752	490,897	-396,630