CHIMERA INVESTMENT CORP CIM Income Statement

Chimera investment corp (CIM)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net interest income:
Interest income
1,310,987	1,361,110	1,368,480	1,360,051	1,326,573	1,273,316	1,227,240	1,202,338	1,184,546	1,138,758	1,097,626	1,051,766	984,218	934,068	875,155	836,078	830,786	872,737	913,280	891,759	810,273	687,795	855,609	704,072	603,383	511,783	551,028	548,786	567,188	589,440	196,236	228,436	247,261	254,028	-101,111	-30,204	32,462	103,360	506,879	432,273	0	0	0
Interest expense
697,947	758,814	783,531	769,651	732,807	679,108	629,392	595,079	571,768	532,748	495,282	449,835	395,107	347,857	306,074	279,073	261,890	259,365	260,204	231,180	185,816	147,785	178,948	141,642	122,591	101,999	124,520	125,221	126,065	126,558	9,861	10,729	11,215	11,941	-4,998	-113	3,427	7,749	31,104	31,383	0	0	0
Interest income, non-retained
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Interest expense, non-retained
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Net interest income
613,040	602,296	584,949	590,400	593,766	594,208	597,848	607,259	612,778	606,010	602,344	601,931	589,111	586,211	569,081	557,005	568,896	613,372	653,076	660,579	624,457	540,010	469,926	423,744	411,060	409,784	402,885	407,938	446,555	462,882	500,049	542,498	546,993	570,166	414,401	416,112	427,477	429,652	544,065	446,329	0	0	0
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairments:
Total other-than-temporary impairment losses
-	-	1,486	2,258	-	2,556	2,794	2,806	2,750	5,169	5,280	5,489	7,879	9,589	10,866	13,002	12,071	8,700	10,163	7,760	9,365	8,713	7,148	0	0	-	0	-	-	47,632	82,133	158,370	203,822	241,962	148,571	121,543	88,363	40,833	105,564	62,217	0	0	0
Portion of loss recognized in other comprehensive income
-	-	7,636	14,097	-	19,235	32,906	37,129	41,563	56,687	44,623	45,513	53,708	48,398	57,903	64,161	70,307	67,444	107,869	92,027	70,273	63,992	31,420	45,885	40,538	45,167	30,803	24,362	90,049	132,250	235,257	375,803	372,286	357,105	358,511	217,761	162,484	131,845	21,432	18,117	0	0	0
Net other-than-temporary credit impairment losses
-	4,853	9,122	16,355	25,486	21,791	35,700	39,935	44,313	61,856	67,013	66,126	70,433	57,987	47,037	51,159	58,236	58,744	97,706	84,267	60,908	55,279	24,334	37,316	35,782	40,811	28,226	21,281	74,494	84,618	153,124	217,433	168,464	115,143	209,940	96,218	74,121	91,012	-76,084	-31,892	0	0	0
Other investment gains (losses):
Unrealized Gain (Loss) on Derivatives
184,106	-106,209	-509,539	-469,962	-311,896	-141,162	206,585	144,592	124,499	47,976	121,377	139,801	156,099	50,093	-4,540	-103,708	-37,780	67,385	-71,233	13,282	-97,243	-103,496	4,042	-8,906	26,769	34,369	23,741	19,287	-4,883	-9,473	-14,104	-34,989	-43,497	-34,478	-48,564	-34,489	0	-	0	0	-	-	-
Realized gains (losses) on terminations of interest rate swaps
-716,000	-360,000	-351,000	-203,000	-108,000	0	0	-16,143	0	-	0	0	-	-60,616	-59,986	-59,986	-30,828	-98,949	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains (losses) on derivatives
-68,232	-34,423	-33,356	-10,297	-1,993	18,369	17,608	6,886	-3,202	-25,645	-14,632	-21,059	-19,275	-44,886	-61,984	-68,876	-75,956	-83,073	-114,183	-116,175	-119,190	-82,852	-42,093	-22,332	-7,931	-7,713	-19,645	-21,552	-21,355	-20,223	-19,175	-18,377	-17,480	-15,929	-14,137	-10,336	0	-	0	0	-	-	-
Net gains (losses) on derivatives
-599,772	-500,358	-894,266	-683,516	-421,935	-122,793	224,193	151,478	105,154	6,188	90,602	102,599	76,666	-55,409	-126,386	-232,446	-144,564	-114,637	-285,119	-202,596	-285,012	-186,348	-38,051	-31,238	18,838	26,656	4,096	-2,265	-26,238	-29,696	-33,279	-53,366	-60,977	-50,407	-62,701	-44,825	0	-	0	0	-	-	-
Unrealized Gain (Loss) on Financial Instruments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized gains (losses) on financial instruments at fair value
-	-	607,221	442,090	-	46,632	-85,841	-32,493	53,633	111,410	138,382	152,339	114,924	59,552	10,424	-63,530	-131,137	-158,433	-78,828	125,048	168,099	193,534	181,306	-9,489	-28,254	-44,277	-41,050	-28,569	-18,127	833	-12,912	-15,119	-704	-14,545	0	0	0	-	-	-	-	-	-
Net realized gains (losses) on sales of investments
87,611	20,360	3,886	-3,833	5,860	-2,743	-4,542	1,582	3,956	9,123	20,828	23,906	25,996	18,155	41,321	41,781	44,835	77,074	66,353	126,921	112,897	91,709	63,313	18,022	76,478	68,107	72,940	123,279	69,162	85,166	137,731	68,634	67,721	54,353	16,746	18,720	19,633	17,333	76,882	84,171	0	0	0
Gain (loss) on deconsolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (losses) on extinguishment of debt
-	-	6,448	15,711	-	26,376	32,061	22,797	-25,604	-35,274	-46,681	-46,725	1,289	-477	-21,726	-16,602	0	-	0	0	-	-2,184	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized losses on principal write-downs of non-Agency RMBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Total other gains (losses)
-554,908	-61,046	-276,711	-229,548	-166,391	-52,528	165,871	143,364	137,139	91,447	203,131	232,119	218,875	21,821	-67,802	-267,226	-238,818	-202,182	-312,430	54,452	43,830	144,557	233,914	4,641	46,562	32,170	35,986	92,445	24,797	56,303	91,540	149	6,040	-10,599	-14,134	19,176	19,741	5,402	47,534	70,899	0	0	0
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	95,000	95,000	95,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
-	-	-	-	-	-	-	-	-	-	-	-	-	95,000	95,000	95,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	356,332	166,844	180,747	202,462	41,756	217,527	284,734	303,209	570,167	499,111	0	0	0
Other expenses:
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,251	40,544	36,619	32,514	28,308	25,497	25,724	25,952	30,179	36,660	43,065	49,525	51,678	51,879	52,128	51,969	51,383	49,449	45,560	40,924	37,344	31,981	0	0	0
Expense recoveries from Manager
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,021	11,856	9,368	8,936	5,356	4,463	5,614	6,788	8,162	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Management fees (net of recoveries)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,703	24,230	28,688	27,251	23,578	22,952	21,034	20,110	19,164	21,125	26,778	36,498	44,813	50,205	0	0	-	0	-	-	-	-	-	-	-	-
Provision for loan losses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,799	-584	-19	625	368	3,453	2,957	4,016	5,291	6,439	6,921	7,945	7,109	2,159	2,807	0	0	0
Compensation and benefits
47,444	48,880	48,047	44,498	41,073	35,114	33,194	32,085	31,067	30,212	30,574	29,952	29,235	26,901	25,169	22,213	15,295	10,544	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
26,412	26,555	25,118	24,166	22,996	22,664	21,413	20,374	19,099	17,650	17,605	17,400	17,053	17,516	22,658	26,860	31,846	31,633	29,434	23,438	20,638	20,403	13,434	14,520	13,293	14,085	18,466	19,500	16,844	13,986	11,318	8,490	7,769	7,267	6,785	6,753	6,342	6,015	5,424	4,487	0	0	0
Servicing fees
37,316	36,290	36,854	37,739	38,402	40,773	41,540	42,489	43,436	41,690	39,233	38,306	35,189	31,178	29,107	25,818	24,433	25,244	21,864	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction expenses
15,772	10,928	8,493	6,489	8,584	9,610	9,812	11,758	11,008	21,273	20,457	17,100	28,777	17,424	15,448	18,359	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expenses
126,944	122,653	118,512	112,892	111,055	108,161	105,959	106,706	104,610	110,825	107,869	102,758	110,254	93,019	92,889	96,220	88,336	93,396	92,602	79,490	65,918	55,151	-28,308	-30,515	-34,369	-34,099	39,007	46,259	53,967	59,167	64,539	63,326	63,913	64,527	64,607	63,123	59,847	54,048	44,927	39,275	0	0	0
Other (income) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-75,126	413,744	180,604	231,605	290,834	411,728	622,060	603,982	600,994	524,776	639,148	672,728	631,722	552,026	445,487	224,398	266,435	250,350	141,458	567,297	555,879	589,207	655,030	344,817	383,255	362,688	369,061	429,762	327,336	327,768	291,793	103,518	116,834	137,935	-22,851	154,404	224,887	249,161	525,240	459,836	0	0	0
Income Tax Expense (Benefit)
0	0	14	21	57	91	12	23	126	108	191	186	70	83	65	52	29	1	1	1	1	2	2	2	2	2	1	1	1	1	-37	-208	-90	606	1,397	1,569	0	-	0	0	-	-	-
Net Income (Loss) Attributable to Parent
-75,351	413,551	180,434	231,429	290,777	411,637	622,048	603,959	600,868	524,668	638,957	672,542	631,652	551,943	445,422	224,346	266,406	250,349	141,457	567,296	555,878	589,205	655,028	344,815	383,253	362,686	369,060	429,761	327,335	327,767	291,830	103,726	116,924	137,329	-23,499	152,833	223,433	248,405	524,487	459,835	0	0	0
Dividends, Preferred Stock
73,750	72,704	68,705	60,227	51,189	43,197	38,161	37,601	37,601	33,484	26,532	17,132	7,732	2,449	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to common shareholders
-149,101	340,847	111,729	171,202	239,588	368,440	583,887	566,358	563,267	491,184	612,425	655,410	623,920	549,494	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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)
-75,351	413,551	180,434	231,429	290,777	411,637	622,048	603,959	600,868	524,668	638,957	672,542	631,652	551,943	445,422	224,346	266,406	250,349	0	0	0	-	655,028	344,815	383,253	362,686	369,060	429,761	327,335	327,767	291,830	103,726	116,924	137,329	-23,499	152,833	223,433	248,405	524,487	459,835	0	0	0
Unrealized gains (losses) on available-for-sale securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	25,966	66,945	-56,284	23,807	191,231	485,298	503,859	509,399	88,835	-213,919	-297,719	-549,422	183,393	249,388	185,685	555,835	353,158	368,527	0	0	0
Reclassification adjustment for net losses included in net income for other-than-temporary credit impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	31,420	45,885	40,538	45,167	30,803	24,362	90,049	132,250	235,257	375,803	372,286	357,105	358,511	217,761	162,484	131,845	17,062	757	0	0	0
Reclassification adjustment for net realized losses (gains) included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	65,985	22,324	76,478	68,107	72,940	123,279	69,162	85,166	141,305	72,092	73,005	54,353	-20,219	-18,129	-19,368	-17,333	75,546	82,835	0	0	0
Other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-56,445	42,660	-92,224	867	149,094	386,381	524,746	556,483	186,361	93,250	6,846	-246,670	523,883	447,154	327,587	670,347	299,044	303,809	0	0	0
Reclassification adjustment for gain on deconsolidation included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	598,583	387,475	291,029	363,553	518,154	816,142	852,081	884,250	478,191	196,976	123,770	-109,341	500,384	599,987	551,020	918,752	823,531	763,644	0	0	0