Invesco mortgage capital inc. (IVR)
Income statement / TTM
Dec'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'11Sep'10Jun'10
Interest Income
Mortgage-backed and credit risk transfer securities

772,657

755,678

721,156

667,967

631,478

604,476

578,198

551,677

521,547

482,909

461,238

453,071

456,444

475,622

491,460

507,091

523,893

538,887

550,001

569,705

579,062

596,187

614,307

634,848

646,787

632,008

614,946

585,214

566,830

558,985

556,799

526,776

453,352

351,875

242,791

0

0

0

Commercial and other loans

5,710

6,012

6,331

8,898

11,538

15,417

19,996

21,966

23,508

23,754

23,183

23,109

22,238

20,502

18,565

17,109

15,331

14,528

13,434

11,004

9,508

7,348

5,071

3,070

0

0

0

-

0

0

0

0

-

-

-

-

-

-

Residential loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,908

115,186

109,519

99,743

88,073

74,567

65,271

51,689

34,122

20,443

7,026

137

0

0

0

0

-

-

-

-

-

-

Total interest income

778,367

761,690

727,487

676,865

643,016

619,893

598,194

573,643

545,055

506,663

484,421

476,180

478,682

519,031

561,312

605,734

650,132

668,601

672,954

680,452

676,643

678,102

684,649

689,607

682,360

652,883

622,032

585,351

566,830

0

0

0

-

-

-

-

-

-

Interest Expense
Repurchase agreements

430,697

423,761

392,673

344,084

301,794

262,692

226,836

193,519

163,881

137,974

116,959

112,147

124,000

139,300

155,711

165,382

166,892

171,594

176,047

182,938

188,699

221,710

249,649

270,290

287,547

273,579

260,211

248,448

237,405

0

0

0

-

-

-

-

-

-

Secured loans

41,623

43,380

42,457

39,670

35,453

30,766

26,820

22,884

19,370

16,230

13,432

11,585

10,887

10,089

8,965

7,830

6,579

5,816

5,417

4,040

2,576

1,399

176

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Exchangeable senior notes

0

0

0

0

1,621

3,725

6,449

9,953

13,340

16,856

19,752

21,862

22,467

22,468

22,468

22,467

22,461

22,461

22,461

22,461

22,461

22,460

22,461

22,470

18,023

12,403

6,782

1,160

0

0

0

0

-

-

-

-

-

-

Asset-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82,041

85,651

82,625

76,122

68,159

58,381

50,987

40,538

26,682

15,722

5,456

79

0

0

0

0

-

-

-

-

-

-

Total interest expense

472,320

467,141

435,130

383,754

338,868

297,183

260,105

226,356

196,591

171,060

150,143

145,594

157,354

188,985

224,958

255,822

277,973

285,522

286,550

285,561

281,895

303,950

323,273

333,298

332,252

301,704

272,449

249,687

237,405

227,316

217,441

194,948

155,241

109,110

65,037

0

0

0

Net interest income

306,047

294,549

292,357

293,111

304,148

322,710

338,089

347,287

348,464

335,603

334,278

330,586

321,328

330,046

336,354

349,912

372,159

383,079

386,404

394,891

394,748

374,152

361,376

356,309

350,108

351,179

349,583

335,664

329,425

331,669

339,358

331,828

298,111

242,765

177,754

0

0

0

Reduction in provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-213

-303

-431

-411

-142

82

378

1,091

0

0

0

-

0

0

0

0

-

-

-

-

-

-

Net interest income after reduction in provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

372,372

383,382

386,835

395,302

394,890

374,070

360,998

355,218

349,224

350,429

348,920

335,664

329,425

0

0

0

-

-

-

-

-

-

Other income (loss)
Gain (loss) on investments, net

624,466

849,934

439,611

101,052

-327,700

-421,810

-225,773

-178,221

-19,704

-25,953

-21,235

-30,996

-17,542

-23,164

-17,976

-8,494

-18,005

10,184

-36,213

-67,306

-87,168

-218,922

-244,163

-207,080

-182,733

-26,908

59,533

48,745

48,215

27,496

18,297

15,804

10,959

8,131

5,136

0

0

0

Equity in earnings (losses) of unconsolidated ventures

2,224

2,421

3,102

3,198

3,402

2,731

2,055

1,103

-1,327

-880

-559

-203

2,392

5,491

6,656

7,685

12,630

10,437

9,688

12,351

6,786

5,656

5,933

4,196

5,345

6,106

7,946

7,750

7,169

6,795

2,540

2,452

3,301

6,531

9,173

0

0

0

Gain (loss) on derivative instruments, net

-534,755

-1,016,922

-752,006

-340,104

-5,277

352,459

266,742

146,060

18,155

184,617

218,040

181,190

-62,815

-225,232

-481,212

-334,846

-219,048

-451,981

-235,083

-458,902

-487,469

-327,253

-330,436

-109,306

40,003

0

0

0

-

-

-

-

-

-

-

-

-

-

Realized and unrealized credit derivative income (loss), net

8,343

-3,579

1,395

4,568

-151

22,095

14,190

34,858

51,648

42,007

76,863

72,688

61,143

52,442

23,444

6,830

19,782

1,109

-30,432

1,009

-2,866

21,228

50,138

18,263

1,127

-554

-1,659

-3,372

-4,232

0

0

0

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

0

0

0

-26

-259

-1,603

-2,129

-6,814

-6,581

-5,237

-4,711

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on other-than-temporarily impaired securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Unrealized loss on interest rate swaps and swaptions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-664

-221

0

0

0

Realized and unrealized credit default swap income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,115

3,354

2,864

3,433

5,308

0

0

0

-

-

Other investment income (loss), net

3,950

3,891

3,954

787

2,860

3,216

4,461

9,154

7,381

4,790

1,923

-3,355

-5,002

-4,191

-2,898

1,520

944

831

-1,266

-2,939

-2,045

-1,358

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Total other income (loss)

104,228

-164,255

-303,944

-230,499

-326,892

-41,568

60,072

10,825

49,339

198,000

269,795

214,613

-21,824

-194,654

-471,986

-327,305

-203,697

-429,420

-293,306

-515,787

-572,762

-520,649

-518,528

-293,927

-136,258

23,488

118,899

53,578

54,267

34,686

21,097

20,421

18,804

18,523

17,493

0

0

0

Expenses
Management fee — related party

38,173

37,938

39,303

40,035

40,722

0

0

0

-

-

-

-

34,541

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,259

19,651

13,538

0

0

0

General and administrative

8,001

8,235

8,046

7,572

7,070

0

0

0

-

-

-

-

7,265

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,859

3,739

3,927

0

0

0

Total expenses

46,174

46,173

47,349

47,607

47,792

47,354

46,830

45,838

44,746

43,519

40,820

41,142

41,806

44,135

50,277

52,871

54,620

55,522

54,118

53,633

52,866

53,083

52,994

53,778

53,144

49,128

45,936

41,812

39,684

39,159

37,860

35,044

30,118

23,390

17,465

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

364,101

84,121

-58,936

15,005

-70,536

233,788

351,331

312,274

353,057

490,084

563,253

504,057

257,698

91,257

-185,828

-30,113

114,055

-101,560

39,411

-174,118

-230,738

-199,662

-210,524

7,513

159,822

324,789

421,883

347,430

344,008

327,196

322,595

317,205

286,797

237,898

177,782

0

0

0

Net income (loss) attributable to non-controlling interest

0

-899

-1,580

-417

254

2,947

4,428

3,935

4,450

6,178

7,101

6,356

3,287

1,119

-2,232

-445

1,344

-1,186

448

-1,993

-2,632

-2,252

-2,366

-27

1,667

3,561

4,695

4,058

4,123

3,958

4,023

4,456

4,882

5,382

5,600

0

0

0

Net Income (Loss) Attributable to Parent

364,101

85,020

-57,356

15,422

-70,790

230,841

346,903

308,339

348,607

483,906

556,152

497,701

254,411

90,138

-183,596

-29,668

112,711

-100,374

38,963

-172,125

-228,106

-197,410

-208,158

7,540

158,155

321,228

417,188

343,372

339,885

323,238

318,572

312,749

281,915

232,516

172,182

0

0

0

Dividends to preferred stockholders

44,426

44,426

44,426

44,426

44,426

36,406

38,861

33,471

28,080

30,710

22,864

22,864

22,864

22,864

22,864

22,864

22,864

26,388

23,385

20,381

17,378

10,850

10,850

10,851

10,851

10,852

10,821

8,108

5,395

0

0

0

-

-

-

-

-

-

Net income (loss) attributable to common stockholders

319,675

40,594

-101,782

-29,004

-115,216

194,435

308,042

274,868

320,527

453,196

533,288

474,837

231,547

67,274

-206,460

-52,532

89,847

-126,101

15,578

-192,506

-245,484

-208,921

-219,008

-3,311

147,304

310,376

406,367

335,264

334,490

326,055

0

0

-

0

-

-

-

-

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