Capstead mortgage corporation (CMO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Interest income:
Residential mortgage investments

320,217

274,891

232,435

212,694

215,989

226,749

215,137

255,931

243,077

198,488

314,100

398,285

Other

2,753

1,689

964

637

341

315

322

698

301

1,290

495

2,204

Interest income

322,970

276,580

233,399

213,331

216,330

227,064

215,459

256,629

243,378

199,778

314,595

400,489

Interest expense:
Secured borrowings

246,212

206,976

138,757

107,653

85,521

65,155

66,368

69,101

57,328

47,502

120,083

249,706

Unsecured borrowings

7,611

7,611

7,610

7,833

8,454

8,488

8,736

8,747

8,747

8,747

8,747

8,747

Other

-

-

-

-

-

-

-

-

5

2

-

-

Interest expense

253,823

214,587

146,367

115,486

93,975

73,643

75,104

77,848

66,080

56,251

128,830

258,453

Net interest income (expense)

69,147

61,993

87,032

97,845

122,355

153,421

140,355

178,781

177,298

143,527

185,765

142,036

Other expense:
Loss on derivative instruments (net)

-90,578

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments

-1,365

-

-

-

-

-

-

-

-

-

-

-

Compensation-related expense

8,197

7,759

4,915

11,749

10,200

8,302

3,962

4,055

5,741

6,097

5,655

-

Other general and administrative expense

4,494

4,527

4,689

4,682

4,798

4,157

4,476

4,271

3,932

4,834

5,696

8,779

Short-term incentive compensation

-

-

-

-

-

-

3,565

5,043

6,657

5,055

4,769

6,000

Long term incentive compensation

-

-

-

-

-

-

1,814

1,874

-

-

-

-

Miscellaneous other (expense) revenue

149

365

2,161

1,459

968

-142

-300

-171

-1,023

-904

-40,641

-1,593

Operating expenses

104,485

11,921

7,443

14,972

14,030

12,601

14,117

15,414

17,353

16,890

56,761

16,372

Income before equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

126,238

163,367

159,945

126,637

129,004

125,664

Equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

249

259

259

259

259

259

Net loss

-35,338

50,072

79,589

82,873

108,325

140,820

126,487

163,626

160,204

126,896

129,263

125,923

Net income

-35,338

50,072

79,589

82,873

108,325

140,820

126,487

163,626

160,204

126,896

129,263

125,923

Less preferred stock dividends

19,368

19,368

17,442

15,372

15,160

13,781

17,536

21,021

20,369

20,233

20,239

20,251

Less redemption preference premiums paid

-

-

-

-

-

-

19,924

0

0

-

-

-

Net loss to common stockholders

-54,706

30,704

62,147

67,501

93,165

127,039

89,027

142,605

139,835

106,663

109,024

105,672

Net loss per common share:
Basic and diluted
Basic and diluted net (loss) income per common share

-0.62

0.34

0.65

0.70

0.97

1.33

0.93

1.50

-

-

-

-

Basic (in dollars per share)

-

-

-

-

-

-

-

-

1.76

1.53

1.67

1.94

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

1.75

1.52

1.66

1.93