Capstead mortgage corporation (CMO)
Income statement / TTM
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

305,638

320,217

319,502

309,458

289,560

274,891

266,407

255,831

246,732

232,435

218,057

210,829

208,035

212,694

220,172

219,812

216,844

215,989

214,821

219,198

225,949

226,749

228,853

221,634

216,114

215,137

217,631

234,451

248,666

255,931

258,893

258,320

255,669

243,077

229,257

206,981

191,479

198,488

223,093

263,541

0

0

0

Other

2,730

2,753

2,713

1,998

1,703

1,689

1,270

1,286

1,219

964

900

708

598

637

554

468

439

341

380

370

348

315

271

241

271

322

485

591

660

698

551

456

338

301

1,182

1,234

1,311

1,290

407

429

0

0

0

Interest income

308,368

322,970

322,215

311,456

291,263

276,580

267,677

257,117

247,951

233,399

218,957

211,537

208,633

213,331

220,726

220,280

217,283

216,330

215,201

219,568

226,297

227,064

229,124

221,875

216,385

215,459

218,116

235,042

249,326

256,629

259,444

258,776

256,007

243,378

230,439

208,215

192,790

199,778

223,500

263,970

0

0

0

Interest expense:
Secured borrowings

227,706

246,212

253,845

245,438

225,734

206,976

187,667

169,929

155,538

138,757

126,166

116,147

109,311

107,653

104,169

99,805

92,889

85,521

79,691

73,518

68,962

65,155

62,440

62,100

63,307

66,368

71,648

73,764

73,466

69,101

63,985

61,854

59,109

57,328

53,664

49,016

46,456

47,502

62,412

82,942

0

0

0

Unsecured borrowings

7,620

7,611

7,611

7,611

7,611

7,611

7,610

7,610

7,610

7,610

7,611

7,671

7,747

7,833

8,010

8,162

8,308

8,454

8,489

8,489

8,489

8,488

8,542

8,606

8,671

8,736

8,747

8,747

8,747

8,747

8,747

8,747

8,747

8,747

8,747

8,747

8,747

8,747

8,746

8,747

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

0

0

-

-

0

-

-

-

Interest expense

235,326

253,823

261,456

253,049

233,345

214,587

195,277

177,539

163,148

146,367

133,777

123,818

117,058

115,486

112,179

107,967

101,197

93,975

88,180

82,007

77,451

73,643

70,982

70,706

71,978

75,104

80,395

82,511

82,213

77,848

72,732

70,601

67,857

66,080

62,418

57,770

55,209

56,251

71,158

91,689

0

0

0

Net interest income (expense)

73,042

69,147

60,759

58,407

57,918

61,993

72,400

79,578

84,803

87,032

85,180

87,719

91,575

97,845

108,547

112,313

116,086

122,355

127,021

137,561

148,846

153,421

158,142

151,169

144,407

140,355

137,721

152,531

167,113

178,781

186,712

188,175

188,150

177,298

168,021

150,445

137,581

143,527

152,342

172,281

0

0

0

Other expense:
Loss on derivative instruments (net)

-224,660

-90,578

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation-related expense

6,792

8,197

8,385

9,732

9,320

7,759

6,415

5,575

5,848

4,915

6,465

9,431

9,640

11,749

13,232

12,257

12,375

10,200

11,459

9,394

8,219

8,302

4,174

4,192

4,093

3,962

1,754

2,433

3,229

4,055

5,943

5,878

5,868

5,741

6,428

6,260

0

-

0

0

-

-

-

Separation of service charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other general and administrative expense

4,568

4,494

4,596

4,657

4,418

4,527

4,574

4,487

4,864

4,689

4,552

4,694

4,575

4,682

4,735

4,805

4,818

4,798

4,557

4,306

4,103

4,157

4,322

4,467

4,598

4,476

4,493

4,405

4,398

4,271

4,152

3,948

3,923

3,932

2,229

2,317

3,102

4,834

8,258

10,152

0

0

0

Short-term incentive compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,902

3,622

3,551

3,565

3,642

3,090

4,059

5,043

6,122

6,770

6,962

6,657

5,476

5,030

4,873

5,055

4,786

5,046

0

0

0

Long term incentive compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,344

2,189

2,034

1,814

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous other (expense) revenue

-82

149

281

304

383

365

2,264

2,231

2,217

2,161

289

546

861

1,459

1,900

1,856

1,528

968

313

18

-4

-142

-136

-188

-355

-300

-275

-180

-32

-171

-244

-362

-974

-1,023

-1,100

-1,418

-917

-904

-714

-1,091

0

0

0

Operating expenses

305,287

104,485

119,785

111,949

35,012

11,921

8,725

7,831

8,495

7,443

10,728

13,579

13,354

14,972

14,767

13,906

14,365

14,030

13,579

12,795

12,460

12,601

13,878

14,658

14,631

14,117

13,382

12,857

13,998

15,414

16,461

16,958

17,727

17,353

17,017

16,771

16,689

16,890

16,646

17,752

0

0

0

Income before equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126,238

124,339

139,674

153,115

163,367

170,251

171,217

170,423

159,945

151,004

133,674

120,892

126,637

135,696

154,529

0

0

0

Equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

249

259

259

259

259

259

259

259

259

259

259

259

259

258

259

0

0

0

Net loss

-232,245

-35,338

-59,026

-53,542

22,906

50,072

63,675

71,747

76,308

79,589

74,452

74,140

78,221

82,873

93,780

98,407

101,721

108,325

113,442

124,766

136,386

140,820

144,319

136,630

129,960

126,487

124,598

139,933

153,374

163,626

170,510

171,476

170,682

160,204

151,263

133,933

121,151

126,896

135,954

154,788

0

0

0

Net income

-232,245

-35,338

-59,026

-53,542

22,906

50,072

63,675

71,747

76,308

79,589

74,452

74,140

78,221

82,873

93,780

98,407

101,721

108,325

113,442

124,766

136,386

140,820

144,319

136,630

129,960

126,487

124,598

139,933

153,374

163,626

170,510

171,476

170,682

160,204

151,263

133,933

121,151

126,896

135,954

154,788

0

0

0

Less preferred stock dividends

19,368

19,368

19,368

19,368

19,368

19,368

19,368

19,244

18,420

17,442

16,457

15,585

15,410

15,372

15,336

15,299

15,244

15,160

14,904

14,624

14,285

13,781

13,427

13,086

15,504

17,536

19,595

21,677

21,078

21,021

20,897

20,732

20,524

20,369

20,281

20,234

20,233

20,233

20,233

20,236

0

0

0

Less redemption preference premiums paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss to common stockholders

-251,613

-54,706

-78,394

-72,910

3,538

30,704

44,307

52,503

57,888

62,147

57,995

58,555

62,811

67,501

78,444

83,108

86,477

93,165

98,538

110,142

122,101

127,039

130,892

123,544

94,532

89,027

85,079

98,332

132,296

142,605

149,613

150,744

150,158

139,835

130,982

113,699

100,918

106,663

115,721

134,552

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-