Western asset mortgage capital corp (WMC)
Balance Sheet / Yearly
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'12
Assets:
Cash and cash equivalents

10

31

50

81

19

21

12

16

24

48

36

41

48

46

30

33

22

24

39

22

25

47

56

1

5

48

39

8

3

56

19

26

Restricted cash

33

52

36

87

71

55

100

58

37

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Whole Loans, at fair value ($1,309,795 and $1,375,860 pledged as collateral, at fair value, respectively)

1,309

1,375

1,209

1,206

1,267

1,041

684

335

296

237

191

203

215

192

204

189

201

218

150

22

17

7

-

-

-

-

-

-

-

-

-

-

Residential Bridge Loans ($26,050 and $33,269 at fair value and $27,571 and $34,897 pledged as collateral, respectively)

28

36

53

94

152

221

249

259

159

106

54

64

33

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitized commercial loans, at fair value

477

909

701

804

929

1,013

1,191

1,309

1,383

24

24

24

24

24

24

23

23

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial Loans, at fair value ($320,308 and $350,213 pledged as collateral, at fair value, respectively)

320

370

442

312

337

216

143

70

40

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable under reverse repurchase agreements

24

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

758

-

65

-

-

-

-

-

-

-

-

-

-

-

Commercial Whole-Loans, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

8

-

-

-

-

-

-

-

-

-

-

-

Linked transactions, net, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

13

13

2

18

-

1

22

-

-

-

Investment related receivable ($41,214 and $0 pledged as collateral, respectively)

72

19

32

35

32

42

113

37

24

7

9

211

30

33

12

11

21

0

10

0

5

162

0

67

2

0

147

12

300

-

182

102

Interest receivable

14

19

18

19

20

21

21

19

16

13

13

11

10

18

25

24

24

22

21

40

31

27

35

26

14

12

13

15

15

17

9

7

Due from counterparties

117

98

90

55

38

39

81

64

96

86

88

70

56

243

270

306

280

249

236

231

236

184

149

135

57

55

44

134

39

54

24

8

Derivative assets, at fair value

33

5

4

3

5

2

2

6

2

0

5

8

9

20

127

172

100

21

56

99

119

73

42

68

66

105

61

118

-

24

3

1

Stock subscription receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

306

-

Other assets

5

4

5

1

1

2

2

3

2

2

4

1

0

0

0

0

0

0

0

1

0

0

0

0

0

0

0

0

0

0

0

0

Total assets

3,203

5,160

5,254

5,533

4,521

4,497

5,537

5,217

5,539

3,886

4,125

3,286

3,144

3,156

3,389

3,237

3,276

3,414

4,627

4,282

4,666

4,909

4,688

4,987

3,398

3,094

3,869

4,477

4,789

5,364

5,160

2,064

Liabilities and Equity:
Liabilities:
Repurchase agreements, net

1,553

2,824

2,925

3,001

2,916

2,818

3,469

3,267

3,556

3,251

3,336

2,800

2,324

2,155

2,523

2,310

2,403

2,585

3,010

3,406

3,648

3,875

3,882

4,111

2,822

2,579

3,308

3,961

4,054

4,794

1,923

1,736

Convertible senior unsecured notes, net

197

197

148

110

110

110

109

109

109

108

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitized debt, net ($396,824 and $681,643 at fair value and $53,527 and $142,905 held by affiliates, respectively)

1,139

1,477

1,466

1,617

850

949

1,119

1,231

1,301

10

10

10

10

10

10

10

10

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable (includes $536 and $647 on securitized debt held by affiliates, respectively)

6

15

9

11

10

8

10

10

9

8

4

5

4

16

18

17

20

20

21

34

16

17

24

22

10

12

7

5

6

6

4

1

Investment related payables

-

-

71

99

-

-

169

52

25

17

296

0

333

341

0

1

18

66

10

0

5

166

14

56

104

-

48

22

219

-

2,669

106

Due to counterparties

24

0

2

22

21

17

1

5

0

1

2

2

3

0

6

16

21

9

771

8

74

12

3

19

34

65

61

39

-

0

7

4

Derivative liability, at fair value

43

6

8

1

1

10

2

1

3

4

0

2

10

182

330

401

322

180

227

217

277

180

92

105

20

4

9

1

9

4

15

6

Cash overdraft payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

Accounts payable and accrued expenses

6

3

3

2

4

3

3

2

4

3

2

2

3

3

2

2

1

2

2

2

2

1

2

1

1

1

1

1

1

0

0

0

Underwriting and offering costs payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

5

-

Payable to affiliate

3

2

2

2

4

4

2

3

4

2

1

1

2

2

2

2

3

3

2

3

2

2

3

2

2

1

2

2

2

1

0

1

Dividend payable

0

16

16

16

14

14

14

12

12

12

12

12

12

12

12

12

18

24

25

26

28

29

29

27

18

19

21

21

-

27

8

-

Other liabilities

45

52

36

87

71

56

100

59

37

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

3,021

4,596

4,690

4,973

4,005

3,994

5,002

4,755

5,065

3,420

3,669

2,840

2,706

2,725

2,907

2,776

2,819

2,902

4,071

3,700

4,056

4,286

4,051

4,348

3,014

2,684

3,460

4,055

4,294

4,841

4,635

1,856

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ Equity:
Common stock: $0.01 par value, 500,000,000 shares authorized, 53,423,876 and 53,523,876 outstanding, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock subscribed, 13,800,000 shares to be issued at $22.20 per share, net of underwriting and offering costs of $5,401

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

-

Preferred stock, $0.01 par value, 100,000,000 shares authorized and no shares outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Treasury stock, at cost, 100,000 and 0 shares held, respectively

0

0

-

-

-

-

0

2

2

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

889

889

884

883

833

833

833

768

768

768

765

765

765

765

764

764

763

763

762

762

761

760

760

759

544

544

506

505

505

505

204

204

Retained earnings (accumulated deficit)

-707

-325

-321

-324

-318

-331

-298

-304

-293

-301

-310

-320

-327

-334

-283

-302

-307

-252

-207

-180

-152

-138

-124

-121

-160

-134

-97

-83

-10

17

19

4

Total Stockholders’ Equity

182

564

564

559

516

503

535

461

473

466

455

445

438

430

481

461

457

511

555

582

609

623

636

638

384

410

408

422

494

523

525

208

Non-controlling interest

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Equity

182

564

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities and Equity

3,203

5,160

5,254

5,533

4,521

4,497

5,537

5,217

5,539

3,886

4,125

3,286

3,144

3,156

3,389

3,237

3,276

3,414

4,627

4,282

4,666

4,909

4,688

4,987

3,398

3,094

3,869

4,477

4,789

5,364

5,160

2,064

VIE
Cash and cash equivalents

4

7

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

33

52

-

-

-

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Whole Loans, at fair value ($1,309,795 and $1,375,860 pledged as collateral, at fair value, respectively)

1,309

1,375

-

-

-

1,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Bridge Loans ($31,748 and $211,766 at fair value and $34,897 and $221,486 pledged as collateral, respectively)

-

-

-

-

-

221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitized commercial loans, at fair value

477

909

-

-

-

1,013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial Loans, at fair value ($320,308 and $350,213 pledged as collateral, at fair value, respectively)

71

90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial Loans, at fair value

-

-

-

-

-

196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment related receivable ($41,214 and $0 pledged as collateral, respectively)

24

19

-

-

-

42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest receivable

10

10

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,959

2,501

-

-

-

2,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitized debt, net ($396,824 and $681,643 at fair value and $53,527 and $142,905 held by affiliates, respectively)

1,139

1,477

-

-

-

949

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable (includes $536 and $647 on securitized debt held by affiliates, respectively)

3

3

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

33

52

-

-

-

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

1,175

1,534

-

-

-

1,008

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Agency MBS
Securities, at fair value

430

1,795

2,188

2,488

1,366

1,505

2,475

2,495

2,842

2,858

3,696

2,648

2,714

-

2,692

2,474

2,593

2,851

3,352

3,855

4,155

4,385

4,389

4,674

3,247

2,853

3,562

4,186

4,375

5,212

4,613

1,918

Non-Agency MBS
Securities, at fair value

276

361

339

266

221

250

365

432

481

378

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other securities
Securities, at fair value

47

80

83

76

58

59

92

108

131

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-