Invesco Mortgage Capital Inc. IVR Income Statement

Invesco mortgage capital inc. (IVR)

Income statement / Quarterly

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	Sep'10	Jun'10
Interest Income
Mortgage-backed and credit risk transfer securities
191,490	194,938	200,737	185,492	174,511	160,416	147,548	149,003	147,509	134,138	121,027	118,873	108,871	112,467	112,860	122,246	128,049	128,305	128,491	139,048	143,043	139,419	148,195	148,405	160,168	157,539	168,736	160,344	145,389	140,477	139,004	141,960	137,544	138,291	108,981	68,536	36,067	29,207
Commercial and other loans
1,291	1,353	1,484	1,582	1,593	1,672	4,051	4,222	5,472	6,251	6,021	5,764	5,718	5,680	5,947	4,893	3,982	3,743	4,491	3,115	3,179	2,649	2,061	1,619	1,019	372	60	-	0	0	0	0	-	-	-	-	-	-
Residential loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,907	28,380	30,247	29,374	27,185	22,713	20,471	17,704	13,679	13,417	6,889	137	0	0	0	0	-	-	-	-	-	-
Total interest income
192,781	196,291	202,221	187,074	176,104	162,088	151,599	153,225	152,981	140,389	127,048	124,637	114,589	118,147	118,807	127,139	154,938	160,428	163,229	171,537	173,407	164,781	170,727	167,728	174,866	171,328	175,685	160,481	145,389	140,477	139,004	141,960	-	-	-	-	-	-
Interest Expense
Repurchase agreements
97,993	112,851	117,978	101,875	91,057	81,763	69,389	59,585	51,955	45,907	36,072	29,947	26,048	24,892	31,260	41,800	41,348	41,303	40,931	43,310	46,050	45,756	47,822	49,071	79,061	73,695	68,463	66,328	65,093	60,327	56,700	55,285	-	-	-	-	-	-
Secured loans
8,808	10,413	11,258	11,144	10,565	9,490	8,471	6,927	5,878	5,544	4,535	3,413	2,738	2,746	2,688	2,715	1,940	1,622	1,553	1,464	1,177	1,223	176	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Exchangeable senior notes
0	0	0	0	0	0	0	1,621	2,104	2,724	3,504	5,008	5,620	5,620	5,614	5,613	5,621	5,620	5,613	5,607	5,621	5,620	5,613	5,607	5,620	5,621	5,622	1,160	0	0	0	0	-	-	-	-	-	-
Asset-backed securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,128	20,686	22,329	21,898	20,738	17,660	15,826	13,935	10,960	10,266	5,377	79	0	0	0	0	-	-	-	-	-	-
Total interest expense
106,801	123,264	129,236	113,019	101,622	91,253	77,860	68,133	59,937	54,175	44,111	38,368	34,406	33,258	39,562	50,128	66,037	69,231	70,426	72,279	73,586	70,259	69,437	68,613	95,641	89,582	79,462	67,567	65,093	60,327	56,700	55,285	55,004	50,452	34,207	15,578	8,873	6,379
Net interest income
85,980	73,027	72,985	74,055	74,482	70,835	73,739	85,092	93,044	86,214	82,937	86,269	80,183	84,889	79,245	77,011	88,901	91,197	92,803	99,258	99,821	94,522	101,290	99,115	79,225	81,746	96,223	92,914	80,296	80,150	82,304	86,675	82,540	87,839	74,774	52,958	27,194	22,828
Reduction in provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-81	-70	-62	-90	-209	-50	207	134	87	663	-	0	0	0	0	-	-	-	-	-	-
Net interest income after reduction in provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	80,183	-	-	-	88,901	91,278	92,873	99,320	99,911	94,731	101,340	98,908	79,091	81,659	95,560	92,914	80,296	80,150	82,304	86,675	-	-	-	-	-	-
Other income (loss)
Gain (loss) on investments, net
-148,511	202,413	302,182	268,382	76,957	-207,910	-36,377	-160,370	-17,153	-11,873	11,175	-1,853	-23,402	-7,155	1,414	11,601	-29,024	-1,967	10,896	2,090	-835	-48,364	-20,197	-17,772	-132,589	-73,605	16,886	6,575	23,236	12,836	6,098	6,045	2,517	3,637	3,605	1,200	-311	642
Equity in earnings (losses) of unconsolidated ventures
427	403	702	692	624	1,084	798	896	-47	408	-154	-1,534	400	729	202	1,061	3,499	1,894	1,231	6,006	1,306	1,145	3,894	441	176	1,422	2,157	1,590	937	3,262	1,961	1,009	563	-993	1,873	1,858	3,793	1,649
Gain (loss) on derivative instruments, net
188,682	-177,244	-344,733	-201,460	-293,485	87,672	67,169	133,367	64,251	1,955	-53,513	5,462	230,713	35,378	-90,363	-238,543	68,296	-220,602	56,003	-122,745	-164,637	-3,704	-167,816	-151,312	-4,421	-6,887	53,314	-2,003	-	-	-	-	-	-	-	-	-	-
Realized and unrealized credit derivative income (loss), net
2,896	1	-2,438	7,884	-9,026	4,975	735	3,165	13,220	-2,930	21,403	19,955	3,579	31,926	17,228	8,410	-5,122	2,928	614	21,362	-23,795	-28,613	32,055	17,487	299	297	180	351	-1,382	-808	-1,533	-509	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
0	0	0	0	0	0	0	-26	-233	-1,344	-526	-4,711	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on other-than-temporarily impaired securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	262
Unrealized loss on interest rate swaps and swaptions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-453	-197	-5	-9	-10
Realized and unrealized credit default swap income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	420	1,348	690	657	659	858	1,259	2,532	-	-
Other investment income (loss), net
909	1,005	1,007	1,029	850	1,068	-2,160	3,102	1,206	2,313	2,533	1,329	-1,385	-554	-2,745	-318	-574	739	1,673	-894	-687	-1,358	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Total other income (loss)
44,403	26,578	-43,280	76,527	-224,080	-113,111	30,165	-19,866	61,244	-11,471	-19,082	18,648	209,905	60,324	-74,264	-217,789	37,075	-217,008	70,417	-94,181	-188,648	-80,894	-152,064	-151,156	-136,535	-78,773	72,537	6,513	23,211	16,638	7,216	7,202	3,630	3,049	6,540	5,585	3,349	2,019
Expenses
Management fee — related party
10,529	8,740	9,370	9,534	10,294	10,105	10,102	10,221	-	-	-	-	9,249	6,719	9,061	9,512	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,647	7,884	5,753	3,975	2,039	1,771
General and administrative
1,882	1,862	1,999	2,258	2,116	1,673	1,525	1,756	-	-	-	-	1,496	1,836	1,896	2,037	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,005	829	1,157	868	885	1,017
Total expenses
12,411	10,602	11,369	11,792	12,410	11,778	11,627	11,977	11,972	11,254	10,635	10,885	10,745	8,555	10,957	11,549	13,074	14,697	13,551	13,298	13,976	13,293	13,066	12,531	14,193	13,204	13,850	11,897	10,177	10,012	9,726	9,769	9,652	8,713	6,910	4,843	2,924	2,788
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
117,972	89,003	18,336	138,790	-162,008	-54,054	92,277	53,249	142,316	63,489	53,220	94,032	279,343	136,658	-5,976	-152,327	112,902	-140,427	149,739	-8,159	-102,713	544	-63,790	-64,779	-71,637	-10,318	154,247	87,530	93,330	86,776	79,794	84,108	76,518	82,175	74,404	53,700	27,619	22,059
Net income (loss) attributable to non-controlling interest
0	0	0	0	-899	-681	1,163	671	1,794	800	670	1,186	3,522	1,723	-75	-1,883	1,354	-1,628	1,712	-94	-1,176	6	-729	-733	-796	-108	1,610	961	1,098	1,026	973	1,026	933	1,091	1,406	1,452	1,433	1,309
Net Income (Loss) Attributable to Parent
117,972	89,003	18,336	138,790	-161,109	-53,373	91,114	52,578	140,522	62,689	52,550	92,846	275,821	134,935	-5,901	-150,444	111,548	-138,799	148,027	-8,065	-101,537	538	-63,061	-64,046	-70,841	-10,210	152,637	86,569	92,232	85,750	78,821	83,082	75,585	81,084	72,998	52,248	26,186	20,750
Dividends to preferred stockholders
11,106	11,107	11,106	11,107	11,106	11,107	11,106	11,107	3,086	13,562	5,716	5,716	5,716	5,716	5,716	5,716	5,716	5,716	5,716	5,716	9,240	2,713	2,712	2,713	2,712	2,713	2,713	2,713	2,713	2,682	0	0	-	-	-	-	-	-
Net income (loss) attributable to common stockholders
106,866	77,896	7,230	127,683	-172,215	-64,480	80,008	41,471	137,436	49,127	46,834	87,130	270,105	129,219	-11,617	-156,160	105,832	-144,515	142,311	-13,781	-110,116	-2,836	-65,773	-66,759	-73,553	-12,923	149,924	83,856	89,519	83,068	78,821	83,082	-	81,084	-	-	-	-
Earnings Per Share [Abstract]
Net income (loss) attributable to common stockholders
Basic (in usd per share)
0.75	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.23	0.44	0.42	0.78	2.42	1.16	-0.10	-1.38	0.90	-1.18	1.16	-0.11	-0.89	-0.02	-0.53	-0.54	-0.56	-0.10	1.11	0.65	0.77	0.72	0.68	0.72	-	-	-	-	-	-
Diluted (in usd per share)
0.75	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.18	0.43	0.41	0.73	2.15	1.05	-0.10	-1.38	0.83	-1.18	1.06	-0.11	-0.89	-0.02	-0.53	-0.54	-0.56	-0.10	1.02	0.64	0.77	0.72	0.68	0.72	-	-	-	-	-	-
Weighted average number of shares of common stock:
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,089	103,028	73,486	51,857	26,047	22
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118,528	104,472	74,929	53,287	27,478	24
Net income attributable to common shareholders (basic/diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.79	0.99	1.01	1.01	0.91
Dividends declared per common share (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	0.40	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80	0.97	1.00	1.00	0.74