Western asset mortgage capital corp (WMC)
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'12
Net Interest Income
Interest income

220,077

217,264

219,523

218,332

221,668

209,362

186,220

162,687

135,588

124,291

125,177

123,403

122,568

123,756

123,040

129,707

141,516

152,704

158,014

162,911

166,486

149,110

136,934

126,870

115,008

125,328

130,394

112,727

87,068

0

0

0

Interest expense (includes $2,164 and $2,338 on securitized debt held by affiliates, respectively)

149,979

150,274

154,332

153,767

153,943

138,240

114,214

88,060

60,333

48,373

40,546

35,868

33,188

32,430

31,036

30,332

29,182

27,605

26,394

25,881

25,275

22,263

19,872

17,677

16,228

18,019

19,410

17,072

13,275

0

0

0

Net Interest Income

70,098

66,990

65,191

64,565

67,725

71,122

72,006

74,627

75,255

75,918

84,631

87,535

89,380

91,326

92,004

99,375

112,334

125,099

131,620

137,030

141,211

126,847

117,062

109,193

98,780

107,309

110,984

95,655

73,793

0

0

0

Other Income (Loss)
Realized gain (loss) on investments, net

122,569

28,278

-17,709

-63,337

-68,937

-63,257

-29,264

-3,205

-85

20,598

3,577

3,186

5,322

-21,991

-5,956

-9,877

-5,244

8,279

9,739

17,133

1,574

-2,178

-49,477

-100,531

-95,336

-110,712

-50,923

1,854

9,094

0

0

0

Other than temporary impairment

7,342

8,574

0

0

0

-

-

-

-

22,873

30,056

27,809

27,586

32,286

27,038

27,977

25,937

19,791

24,333

21,273

19,956

17,014

11,259

10,765

11,299

11,858

9,931

8,920

5,474

0

0

0

Interest income on cash balances and other income (loss), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Unrealized gain (loss), net

-239,363

107,529

223,280

201,378

95,071

-24,671

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

189,011

154,163

196,144

-74,259

-160,109

-188,795

-200,098

-40,829

0

0

0

Gain (loss) on derivative instruments, net

-266,270

-103,727

-200,462

-128,781

-28,761

77,969

152,024

134,616

87,571

3,292

16,444

15,348

19,738

-20,735

-45,598

-93,082

-65,763

-68,895

-130,023

-89,061

-168,892

-180,496

-89,942

-93,350

82,801

157,547

124,803

116,367

1,734

0

0

0

Gain on linked transactions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,870

1,845

2,539

5,760

4,137

0

0

0

-

-

-

Other, net

8,639

8,414

-19,693

-17,176

-29,419

-21,328

17,199

13,497

33,044

30,444

-38,408

-27,881

-34,627

-91,939

-74,900

-117,782

-148,994

-112,100

-69,621

-43,611

-13,246

1,433

989

58

46

91

280

19,534

18,416

0

0

0

Other Income (Loss)

-387,977

25,710

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,374

6,319

-5,905

-92,287

-120,904

0

0

0

-

-

-

Expenses
Management fee to affiliate

6,658

7,354

7,317

7,801

8,228

8,673

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

9,633

8,970

8,239

7,506

7,814

7,895

6,665

5,246

0

0

0

Other operating expenses

4,921

5,519

6,383

6,403

6,705

6,076

4,697

3,790

2,971

2,419

2,091

1,577

1,024

1,045

1,351

1,962

2,039

2,014

0

0

0

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses:
Compensation expense

2,709

2,591

2,472

2,353

2,220

2,186

2,262

2,370

2,462

2,692

2,832

3,040

3,025

3,022

3,010

2,999

3,526

3,762

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Professional fees

4,245

3,980

4,070

4,162

4,219

4,299

3,919

3,635

3,649

3,242

3,368

3,310

3,700

4,814

5,054

5,213

5,235

4,368

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Other general and administrative expenses

1,668

1,500

1,408

1,399

1,266

1,442

1,425

1,334

1,341

1,325

1,684

1,819

1,834

1,917

1,568

1,514

1,540

1,465

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Total general and administrative expenses

8,622

8,071

7,950

7,914

7,705

7,927

7,606

7,339

7,452

7,259

7,884

8,169

8,559

9,753

9,632

9,726

10,301

9,595

9,814

10,003

9,513

9,127

8,387

7,618

6,784

6,446

6,054

5,891

4,934

0

0

0

Total Expenses

20,201

20,944

21,650

22,118

22,638

22,676

20,967

19,362

18,227

17,778

18,637

19,159

19,754

21,246

21,669

22,531

23,274

22,483

21,925

21,317

20,447

18,760

17,357

15,857

14,290

14,260

0

0

0

-

-

-

Income (loss) before income taxes

-338,080

71,756

41,144

42,567

32,964

27,118

68,238

68,762

90,072

88,584

27,586

40,495

34,999

-21,859

-4,565

-40,938

-59,934

-9,484

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Income tax (benefit) provision

952

1,057

589

850

408

709

2,770

1,409

3,488

3,487

2,189

5,583

3,468

3,156

2,239

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net income (loss)

-339,034

70,699

40,555

41,717

32,556

26,409

65,468

67,353

86,584

85,097

25,397

34,912

31,531

-25,015

-6,804

-40,938

-59,934

-9,484

26,045

54,033

123,300

100,713

106,024

87,431

-7,797

-27,855

-23,788

-3,137

28,778

0

0

0

Net income (loss) per Common Share — Basic (in dollars per share)

-7.15

0.23

0.37

0.21

0.58

-0.37

0.50

0.03

0.52

0.51

0.54

0.49

0.48

-0.92

0.77

0.41

-0.88

-0.49

-0.05

-0.05

0.34

0.37

0.63

1.68

-0.32

0.83

0.31

-1.16

-1.18

1.04

2.73

0.41

Net income (loss) per Common Share — Diluted (in dollars per share)

-7.15

0.23

0.37

0.21

0.58

-0.37

0.50

0.03

0.52

0.51

0.54

0.49

0.48

-0.92

0.77

0.41

-0.88

-0.49

-0.05

-0.05

0.34

0.37

0.63

1.68

-0.32

0.83

0.31

-1.16

-1.18

1.04

2.72

0.41