Print Page     Close Window     

SEC Filings

10-K
AGNC INVESTMENT CORP. filed this Form 10-K on 02/25/2015
Entire Document
 


 
Quarter Ended
 
March 31,
2013
 
June 30,
 2013
 
September 30,
2013
 
December 31,
2013
Interest income:
 
 
 
 
 
 
 
Interest income
$
547

 
$
545

 
$
558

 
$
542

Interest expense
140

 
131

 
145

 
120

Net interest income
407

 
414

 
413

 
422

Other (loss) income:
 
 
 
 
 
 
 
(Loss) gain on sale of agency securities, net
(26
)
 
17

 
(733
)
 
(667
)
(Loss) gain on derivative instruments and other securities, net
(98
)
 
1,444

 
(339
)
 
184

Total other (loss) income, net
(124
)
 
1,461

 
(1,072
)
 
(483
)
Expenses:
 
 
 
 
 
 
 
Management fees
33

 
37

 
35

 
31

General and administrative expenses
9

 
9

 
7

 
6

Total expenses
42

 
46

 
42

 
37

Income (loss) before income tax
241

 
1,829

 
(701
)
 
(98
)
Provision for income tax, net
10

 

 

 
3

Net income (loss)
231

 
1,829

 
(701
)
 
(101
)
Dividend on preferred stock
3

 
3

 
3

 
3

Net income (loss) available (attributable) to common shareholders
$
228

 
$
1,826

 
$
(704
)
 
$
(104
)
 
 
 
 
 
 
 
 
Net income (loss)
$
231

 
$
1,829

 
$
(701
)
 
$
(101
)
Other comprehensive (loss) income:
 
 
 
 
 
 
 
Unrealized (loss) gain on available-for-sale securities, net
(837
)
 
(2,813
)
 
833

 
(311
)
Unrealized gain on derivative instruments, net
49

 
48

 
47

 
46

Other comprehensive (loss) income
(788
)
 
(2,765
)
 
880

 
(265
)
Comprehensive (loss) income
(557
)
 
(936
)
 
179

 
(366
)
Dividend on preferred stock
3

 
3

 
3

 
3

Comprehensive (loss) income (attributable) available to common shareholders
$
(560
)
 
$
(939
)
 
$
176

 
$
(369
)
Weighted average number of common shares outstanding-basic and diluted
356.2

 
396.4

 
390.6

 
373.0

Net income (loss) per common share - basic and diluted
$
0.64

 
$
4.61

 
$
(1.80
)
 
$
(0.28
)
Comprehensive (loss) income per common share - basic and diluted
$
(1.57
)
 
$
(2.37
)
 
$
0.45

 
$
(0.99
)
Dividends declared per common share
$
1.25

 
$
1.05

 
$
0.80

 
$
0.65


Note 12. Subsequent Event

On January 15, 2015, we declared a cash dividend of $0.22 per share of common stock to common shareholders of record as of January 30, 2015, paid on February 6, 2015. On February 12, 2015, we declared a cash dividend of $0.22 per share of common stock to common shareholders of record as of February 27, 2015, payable on March 6, 2015.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
 
None.

Item 9A. Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our Securities Exchange Act of 1934, as amended (the "Exchange Act") reports is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to

107


© AGNC Investment Corp All Rights Reserved