Capstead mortgage corporation (CMO)
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
Interest income:
Residential mortgage investments

69,228

73,617

77,693

85,100

83,807

72,902

67,649

65,202

69,138

64,418

57,073

56,103

54,841

50,040

49,845

53,309

59,500

57,518

49,485

50,341

58,645

56,350

53,862

57,092

59,445

58,454

46,643

51,572

58,468

60,948

63,463

65,787

65,733

63,910

62,890

63,136

53,141

50,090

40,614

47,634

60,150

74,695

81,062

Other

399

666

1,065

600

422

626

350

305

408

207

366

238

153

143

174

128

192

60

88

99

94

99

78

77

61

55

48

107

112

218

154

176

150

71

59

58

113

952

111

135

92

69

133

Interest income

69,627

74,283

78,758

85,700

84,229

73,528

67,999

65,507

69,546

64,625

57,439

56,341

54,994

50,183

50,019

53,437

59,692

57,578

49,573

50,440

58,739

56,449

53,940

57,169

59,506

58,509

46,691

51,679

58,580

61,166

63,617

65,963

65,883

63,981

62,949

63,194

53,254

51,042

40,725

47,769

60,242

74,764

81,195

Interest expense:
Secured borrowings

45,273

51,688

62,800

67,945

63,779

59,321

54,393

48,241

45,021

40,012

36,655

33,850

28,240

27,421

26,636

27,014

26,582

23,937

22,272

20,098

19,214

18,107

16,099

15,542

15,407

15,392

15,759

16,749

18,468

20,672

17,875

16,451

14,103

15,556

15,744

13,706

12,322

11,892

11,096

11,146

13,368

26,802

31,626

Unsecured borrowings

1,900

1,910

1,910

1,900

1,891

1,910

1,910

1,900

1,891

1,909

1,910

1,900

1,891

1,910

1,970

1,976

1,977

2,087

2,122

2,122

2,123

2,122

2,122

2,122

2,122

2,176

2,186

2,187

2,187

2,187

2,186

2,187

2,187

2,187

2,186

2,187

2,187

2,187

2,186

2,187

2,187

2,186

2,187

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

4

-

-

0

-

-

-

Interest expense

47,173

53,598

64,710

69,845

65,670

61,231

56,303

50,141

46,912

41,921

38,565

35,750

30,131

29,331

28,606

28,990

28,559

26,024

24,394

22,220

21,337

20,229

18,221

17,664

17,529

17,568

17,945

18,936

20,655

22,859

20,061

18,638

16,290

17,743

17,930

15,894

14,513

14,081

13,282

13,333

15,555

28,988

33,813

Net interest income (expense)

22,454

20,685

14,048

15,855

18,559

12,297

11,696

15,366

22,634

22,704

18,874

20,591

24,863

20,852

21,413

24,447

31,133

31,554

25,179

28,220

37,402

36,220

35,719

39,505

41,977

40,941

28,746

32,743

37,925

38,307

43,556

47,325

49,593

46,238

45,019

47,300

38,741

36,961

27,443

34,436

44,687

45,776

47,382

Other expense:
Loss on derivative instruments (net)

-155,739

15,142

-9,221

-74,842

-21,657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments

-67,820

-

-

-1,365

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation-related expense

2,204

2,050

566

1,972

3,609

2,238

1,913

1,560

2,048

894

1,073

1,833

1,115

2,444

4,039

2,042

3,224

3,927

3,064

2,160

1,049

5,186

999

985

1,132

1,058

1,017

886

1,001

-1,150

1,696

1,682

1,827

738

1,631

1,672

1,700

-

1,425

1,463

-

-

-

Separation of service charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other general and administrative expense

1,202

1,105

1,123

1,138

1,128

1,207

1,184

899

1,237

1,254

1,097

1,276

1,062

1,117

1,239

1,157

1,169

1,170

1,309

1,170

1,149

929

1,058

967

1,203

1,094

1,203

1,098

1,081

1,111

1,115

1,091

954

992

911

1,066

963

-711

999

1,851

2,695

2,713

2,893

Short-term incentive compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

692

-

613

397

540

1,352

1,333

326

554

1,429

781

1,295

1,538

2,508

1,429

1,487

1,233

1,327

983

1,330

1,415

1,058

1,243

Long term incentive compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

608

-

624

624

626

470

469

469

406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous other (expense) revenue

-142

0

58

2

89

132

81

81

71

2,031

48

67

15

159

305

382

613

600

261

54

53

-55

-34

32

-85

-49

-86

-135

-30

-24

9

13

-169

-97

-109

-599

-218

-174

-427

-98

-205

16

-804

Operating expenses

227,107

-11,987

10,852

79,315

26,305

3,313

3,016

2,378

3,214

117

2,122

3,042

2,162

3,402

4,973

2,817

3,780

3,197

4,112

3,276

3,445

2,746

3,328

2,941

3,586

4,023

4,108

2,914

3,072

3,288

3,583

4,055

4,488

4,335

4,080

4,824

4,114

3,999

3,834

4,742

4,315

3,755

4,940

Income before equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,918

24,638

29,829

34,853

35,019

39,973

43,270

45,105

41,903

40,939

42,476

34,627

32,962

23,609

29,694

40,372

42,021

42,442

Equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

64

65

65

65

64

65

65

65

64

65

65

65

64

65

65

64

65

Net loss

-204,653

32,672

3,196

-63,460

-7,746

8,984

8,680

12,988

19,420

22,587

16,752

17,549

22,701

17,450

16,440

21,630

27,353

28,357

21,067

24,944

33,957

33,474

32,391

36,564

38,391

36,973

24,702

29,894

34,918

35,084

40,037

43,335

45,170

41,968

41,003

42,541

34,692

33,027

23,673

29,759

40,437

42,085

42,507

Net income

-204,653

32,672

3,196

-63,460

-7,746

8,984

8,680

12,988

19,420

22,587

16,752

17,549

22,701

17,450

16,440

21,630

27,353

28,357

21,067

24,944

33,957

33,474

32,391

36,564

38,391

36,973

24,702

29,894

34,918

35,084

40,037

43,335

45,170

41,968

41,003

42,541

34,692

33,027

23,673

29,759

40,437

42,085

42,507

Less preferred stock dividends

4,842

4,842

4,842

4,842

4,842

4,842

4,842

4,842

4,842

4,842

4,718

4,018

3,864

3,857

3,846

3,843

3,826

3,821

3,809

3,788

3,742

3,565

3,529

3,449

3,238

3,211

3,188

5,867

5,270

5,270

5,270

5,268

5,213

5,146

5,105

5,060

5,058

5,058

5,058

5,059

5,058

5,058

5,061

Less redemption preference premiums paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

19,924

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss to common stockholders

-209,495

27,830

-1,646

-68,302

-12,588

4,142

3,838

8,146

14,578

17,745

12,034

13,531

18,837

13,593

12,594

17,787

23,527

24,536

17,258

21,156

30,215

29,909

28,862

33,115

35,153

33,762

21,514

4,103

29,648

29,814

34,767

38,067

39,957

36,822

35,898

37,481

29,634

27,969

18,615

24,700

35,379

37,027

37,446

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

-

-

-0.02

-0.80

-

0.05

0.04

0.09

0.16

0.18

0.13

0.14

0.20

0.13

0.13

0.19

0.25

0.25

0.18

0.22

0.32

-

0.30

-

0.37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.35

-

-

0.23

0.04

0.31

-

0.35

0.40

0.45

0.44

0.43

0.48

0.41

0.40

0.27

0.35

0.51

0.56

0.59

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.35

-

-

0.23

0.04

0.31

-

0.35

0.40

0.44

0.43

0.43

0.48

0.41

0.39

0.27

0.35

0.51

0.56

0.58

Weighted average common shares outstanding:
Basic and diluted

94,897

-

-

-

84,894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in shares)

-

-

90,945

84,934

-

-

91,206

92,001

93,425

-

95,792

95,756

95,755

-

95,678

95,648

95,614

-

95,530

95,501

95,469

-

95,405

95,399

95,349

-

95,268

95,126

95,020

-

98,071

93,857

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

-

-

90,945

84,934

-

-

91,346

92,121

93,506

-

95,923

95,916

95,875

-

95,866

95,786

95,745

-

95,721

95,689

95,674

-

95,677

95,626

95,538

-

95,416

95,397

95,450

-

98,512

94,286

-

-

-

-

-

-

-

-

-

-

-

Common (in dollars per share)

-

-

-

-

-

-

-

-

0.16

-

0.19

0.21

0.21

-

0.23

0.23

0.26

-

0.26

0.31

0.31

-

0.34

0.34

0.34

-

0.31

0.31

0.31

-

0.36

0.40

0.43

-

0.44

0.48

0.41

-

0.26

0.36

0.50

0.56

0.58

Series A Preferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.40

0.40

0.40

0.40

0.40

Series B Preferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.31

0.31

0.31

0.31

0.31

Series E Preferred [Member]
Series E preferred (in dollars per share)

-

-

-

-

-

-

-

-

0.47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-