Chimera investment corp (CIM)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Net interest income:
Interest income

300,266

340,663

330,144

339,914

350,389

348,033

321,715

306,436

297,132

301,957

296,813

288,644

251,344

260,825

250,953

221,096

201,194

201,912

211,876

215,804

243,145

242,455

190,355

134,318

120,667

410,269

38,818

33,629

29,067

449,514

36,576

52,031

51,319

56,310

68,776

70,856

58,086

-298,829

139,683

133,522

128,984

104,690

65,077

Interest expense

142,083

169,203

188,551

198,110

202,950

193,920

174,671

161,266

149,251

144,204

140,358

137,955

110,231

106,738

94,911

83,227

62,981

64,955

67,910

66,044

60,456

65,794

38,886

20,680

22,425

96,957

1,580

1,629

1,833

119,478

2,281

2,473

2,326

2,781

3,149

2,959

3,052

-14,158

8,034

6,499

7,374

9,197

8,313

Interest income, non-retained

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,088

49,829

50,861

-

-

Interest expense, non-retained

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,237

21,421

33,830

-

-

Net interest income

158,183

171,460

141,593

141,804

147,439

154,113

147,044

145,170

147,881

157,753

156,455

150,689

141,113

154,087

156,042

137,869

138,213

136,957

143,966

149,760

182,689

176,661

151,469

113,638

98,242

106,577

105,287

100,954

96,966

99,678

110,340

139,571

113,293

136,845

152,789

144,066

136,466

-18,920

154,500

155,431

138,641

95,493

56,764

Provision for credit losses

6,314

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairments:
Total other-than-temporary impairment losses

-

-

0

0

-

685

772

805

294

923

784

749

2,713

1,034

993

3,139

4,423

2,311

3,129

2,208

1,052

3,774

726

3,813

400

-

2,209

-

-

368

2,713

12,474

32,077

34,869

78,950

57,926

70,217

-58,522

51,922

24,746

22,687

6,209

8,575

Portion of loss recognized in other comprehensive income

-

-

0

0

-

3,584

6,461

8,326

864

17,255

10,684

12,760

15,988

5,191

11,574

20,955

10,678

14,696

17,832

27,101

7,815

55,121

1,990

5,347

1,534

22,549

16,455

0

6,163

8,185

10,014

65,687

48,364

111,192

150,560

62,170

33,183

112,598

9,810

6,893

2,544

2,185

6,495

Net other-than-temporary credit impairment losses

-

0

0

0

4,853

4,269

7,233

9,131

1,158

18,178

11,468

13,509

18,701

23,335

10,581

17,816

6,255

12,385

14,703

24,893

6,763

51,347

1,264

1,534

1,134

20,402

14,246

0

6,163

7,817

7,301

53,213

16,287

76,323

71,610

4,244

-37,034

171,120

-42,112

-17,853

-20,143

4,024

2,080

Other investment gains (losses):
Unrealized Gain (Loss) on Derivatives

201,000

83,657

31,620

-132,171

-89,315

-319,673

71,197

25,895

81,419

28,074

9,204

5,802

4,896

101,475

27,628

22,100

-101,110

46,842

-71,540

88,028

4,055

-91,776

12,975

-22,497

-2,198

15,762

27

13,178

5,402

5,134

-4,427

-10,992

812

503

-25,312

-19,500

9,831

-

-13,583

-11,237

-

-

-

Realized gains (losses) on terminations of interest rate swaps

-464,000

-9,000

-148,000

-95,000

-108,000

0

0

0

0

-

0

-16,143

-

0

0

-60,158

-458

630

0

-31,000

-68,579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains (losses) on derivatives

-41,086

2,729

-20,178

-9,697

-7,277

3,796

2,881

-1,393

13,085

3,035

-7,841

-11,481

-9,358

14,048

-14,268

-9,697

-34,969

-3,050

-21,160

-16,777

-42,086

-34,160

-23,152

-19,792

-5,748

6,599

-3,391

-5,391

-5,530

-5,333

-5,298

-5,194

-4,398

-4,285

-4,500

-4,297

-2,847

-

-2,493

-699

-

-

-

Net gains (losses) on derivatives

-304,052

78,031

-136,672

-237,079

-204,638

-315,877

74,078

24,502

94,504

31,109

1,363

-21,822

-4,462

115,523

13,360

-47,755

-136,537

44,546

-92,700

40,127

-106,610

-125,936

-10,177

-42,289

-7,946

22,361

-3,364

7,787

-128

-199

-9,725

-16,186

-3,586

-3,782

-29,812

-23,797

6,984

-

-16,076

-11,936

-

-

-

Unrealized Gain (Loss) on Financial Instruments

-260,887

-

-

-

200,812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized gains (losses) on financial instruments at fair value

-

-

130,825

190,748

-

84,836

-34,306

-18,364

14,466

-47,637

19,042

67,762

72,243

-20,665

32,999

30,347

16,871

-69,793

-40,955

-37,260

-10,425

9,812

162,921

5,791

15,010

-2,416

-27,874

-12,974

-1,013

811

-15,393

-2,532

17,947

-12,934

-17,600

11,883

4,106

-

-

-

-

-

-

Net realized gains (losses) on sales of investments

75,854

17,687

1,596

-7,526

8,603

1,213

-6,123

2,167

0

-586

1

4,541

5,167

11,119

3,079

6,631

-2,674

34,285

3,539

9,685

29,565

23,564

64,107

-4,339

8,377

-4,832

18,816

54,117

6

1

69,155

0

16,010

52,566

58

-913

2,642

14,959

2,032

0

342

74,508

9,321

Gain (loss) on deconsolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,846

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (losses) on extinguishment of debt

-

-

0

-608

-

7,056

9,263

387

9,670

12,741

-1

-48,014

0

1,334

-45

0

-1,766

-

-19,915

5,079

-

0

0

0

-2,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized losses on principal write-downs of non-Agency RMBS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-326

-949

-61

-

Total other gains (losses)

-489,085

-7,107

-4,251

-54,465

4,777

-222,772

42,912

8,692

118,640

-4,373

20,405

2,467

72,948

107,311

49,393

-10,777

-124,106

17,688

-150,031

17,631

-87,470

-92,560

216,851

7,009

13,257

-3,203

-12,422

48,930

-1,135

613

44,037

-18,718

30,371

35,850

-47,354

-12,827

13,732

32,315

-14,044

-12,262

-607

74,447

9,321

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

95,000

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

95,000

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,410

149,884

89,668

-

144,363

55,166

95,300

61,503

-45,125

69,069

117,015

-99,203

130,646

136,276

135,490

167,755

59,590

Other expenses:
Management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,088

10,196

10,326

10,641

9,381

6,271

6,221

6,435

6,570

6,498

6,449

10,662

13,051

12,903

12,909

12,815

13,252

13,152

12,750

12,229

11,318

9,263

8,114

8,649

5,955

Expense recoveries from Manager

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,140

4,652

1,113

4,116

1,975

2,164

681

536

1,082

3,315

1,855

-

1,910

-

-

-

-

-

-

-

-

-

-

-

-

Management fees (net of recoveries)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

2,948

5,544

9,213

6,525

7,406

4,107

5,540

5,899

5,488

3,183

4,594

7,860

11,141

12,903

12,909

-

13,252

-

-

-

-

-

-

-

-

Provision for loan losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-451

-69

-1,703

424

764

496

-1,059

167

3,849

0

0

1,442

4,997

482

1,024

606

47

1,130

Compensation and benefits

12,934

10,205

12,191

12,114

14,370

9,372

8,642

8,689

8,411

7,452

7,533

7,671

7,556

7,814

6,911

6,954

5,222

6,082

3,955

36

471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

5,678

7,176

6,528

7,030

5,821

5,739

5,576

5,860

5,489

4,488

4,537

4,585

4,040

4,443

4,332

4,238

4,503

9,585

8,534

9,224

4,290

7,386

2,538

6,424

4,055

417

3,624

5,197

4,847

4,798

4,658

2,541

1,989

2,130

1,830

1,820

1,487

1,648

1,798

1,409

1,160

1,057

861

Servicing fees

9,989

9,166

8,881

9,280

8,963

9,730

9,766

9,943

11,334

10,497

10,715

10,890

9,588

8,040

9,788

7,773

5,577

5,969

6,499

6,388

6,388

-

2,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction expenses

4,906

7,451

3,415

0

62

5,016

1,411

2,095

1,088

5,218

3,357

1,345

11,353

4,402

0

13,022

0

-

2,426

2,911

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expenses

33,507

33,998

31,015

28,424

29,216

29,857

25,395

26,587

26,322

27,655

26,142

24,491

32,537

24,699

21,031

31,987

15,302

24,569

24,362

24,103

20,362

23,775

11,250

10,531

9,595

-59,684

9,043

6,677

9,865

13,422

16,295

14,385

15,065

18,794

15,082

14,972

15,679

18,874

13,598

11,696

9,880

9,753

7,946

Other (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,783

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-370,723

130,355

106,327

58,915

118,147

-102,785

157,328

118,144

239,041

107,547

139,250

115,156

162,823

221,919

172,830

74,150

83,127

115,380

-48,259

116,187

67,042

6,488

377,580

104,769

100,370

72,311

67,367

143,207

79,803

78,684

128,068

40,781

80,235

42,709

-60,207

54,097

101,336

-118,077

117,048

124,580

125,610

158,002

51,644

Income Tax Expense (Benefit)

0

0

0

0

0

14

7

36

34

-65

18

139

16

18

13

23

29

0

0

0

1

0

0

0

2

0

0

0

2

-1

0

0

2

-39

-171

118

698

-

752

1

-

-

-

Net Income (Loss) Attributable to Parent

-370,755

130,318

106,326

58,760

118,147

-102,799

157,321

118,108

239,007

107,612

139,232

115,017

162,807

221,901

172,817

74,127

83,098

115,380

-48,259

116,187

67,041

6,488

377,580

104,769

100,368

72,311

67,367

143,207

79,801

78,685

128,068

40,781

80,233

42,748

-60,036

53,979

100,638

-118,080

116,296

124,579

125,610

158,002

51,644

Dividends, Preferred Stock

18,438

18,436

18,438

18,438

17,392

14,437

9,960

9,400

9,400

9,401

9,400

9,400

5,283

2,449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) available to common shareholders

-389,193

111,882

87,888

40,322

100,755

-117,236

147,361

108,708

229,607

98,211

129,832

105,617

157,524

219,452

172,817

74,127

83,098

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) per share available to common shareholders:
Basic (usd per share)

-2.08

0.59

0.47

0.22

0.54

-0.62

0.79

0.58

1.22

0.53

0.69

0.56

0.84

1.18

0.92

0.39

0.44

0.59

-0.24

0.57

0.33

0.01

1.85

0.51

0.50

1.48

0.07

0.14

0.08

0.08

0.12

0.04

0.08

0.04

-0.06

0.05

0.10

-

-

-

-

0.24

0.10

Diluted (usd per share)

-2.08

0.59

0.47

0.21

0.54

-0.63

0.79

0.58

1.22

0.52

0.69

0.56

0.84

1.17

0.92

0.39

0.44

0.59

-0.24

0.57

0.33

0.01

1.85

0.51

0.50

1.47

0.07

0.14

0.08

0.08

0.12

0.04

0.08

0.04

-0.06

0.05

0.10

-

-

-

-

-

-

Weighted average number of common shares outstanding:
Basic (shares)

187,018

187,204

187,158

187,153

187,112

187,029

187,006

186,994

187,553

187,800

187,779

187,779

187,761

187,731

187,729

187,729

187,723

189,445

197,787

205,492

205,527

205,469

205,436

205,441

205,452

-2,259,521

1,027,121

1,027,066

1,027,009

1,026,911

1,026,841

1,026,809

1,026,762

1,026,538

1,026,404

1,026,308

1,026,209

-

-

-

-

670,324

503,110

Diluted (shares)

187,018

188,714

188,440

188,271

188,199

187,811

187,584

187,422

188,176

188,619

188,192

188,142

188,195

188,414

187,919

187,925

187,840

189,578

197,875

205,579

205,566

205,508

205,501

205,506

205,517

-2,260,691

1,027,559

1,027,593

1,027,595

1,027,497

1,027,505

1,027,505

1,027,489

1,027,296

1,027,195

1,027,130

1,027,063

-

-

-

-

-

-

Dividends declared per share of common stock (usd per share)

-

-

-

-

-

-

-

-

-

-

0.50

0.50

0.50

-

0.48

0.48

0.98

-

0.48

0.48

-

-

-

-

-

-

0.09

0.09

0.09

-

0.09

0.09

0.11

0.11

0.13

0.13

0.14

-

-

-

-

-

-

Net income (loss) per share-basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.13

0.16

0.19

-

-

Weighted average number of shares outstanding-basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

883,147

765,475

670,371

-

-

Net income (loss)

-370,755

130,318

106,326

58,760

118,147

-102,799

157,321

118,108

239,007

107,612

139,232

115,017

162,807

221,901

172,817

74,127

83,098

115,380

-48,259

116,187

67,041

-

377,580

104,769

100,368

72,311

67,367

143,207

79,801

78,685

128,068

40,781

80,233

42,748

-60,036

53,979

100,638

-118,080

116,296

124,579

125,610

158,002

51,644

Unrealized gains (losses) on available-for-sale securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,512

-117,742

-19,912

-

-74,155

100,647

37,503

-38,029

-33,176

-22,582

117,594

129,395

260,891

-4,021

123,134

-291,169

-41,863

-87,821

-128,569

441,646

24,132

-151,524

241,581

238,969

39,501

Reclassification adjustment for net losses included in net income for other-than-temporary credit impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,832

27,101

7,815

-

1,990

5,347

1,534

22,549

16,455

0

6,163

8,185

10,014

65,687

48,364

111,192

150,560

62,170

33,183

112,598

9,810

6,893

2,544

-2,185

-6,495

Reclassification adjustment for net realized losses (gains) included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,903

10,059

29,076

-

62,477

-37

8,377

-4,832

18,816

54,117

6

1

69,155

0

16,010

56,140

-58

913

-2,642

-18,432

2,032

-326

-607

74,447

9,321

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,441

-100,700

-41,173

-

-134,642

58,185

30,660

-10,648

-35,537

-76,699

123,751

137,579

201,750

61,666

155,488

-232,543

108,639

-24,738

-98,028

538,010

31,910

-144,305

244,732

166,707

36,675

Reclassification adjustment for gain on deconsolidation included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,846

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,818

15,487

25,868

-

242,938

162,954

131,028

61,663

31,830

66,508

203,552

216,264

329,818

102,447

235,721

-189,795

48,603

29,241

2,610

419,930

148,206

-19,726

370,342

324,709

88,319