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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 05/06/2015
Entire Document
 


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
 
 
 
March 31, 2015
 
December 31, 2014
 
(Unaudited)
 
 
Assets:
 
 
 
Agency securities, at fair value (including pledged securities of $56,836 and $51,629, respectively)
$
60,131

 
$
55,482

Agency securities transferred to consolidated variable interest entities, at fair value (pledged securities)
1,221

 
1,266

U.S. Treasury securities, at fair value (including pledged securities of $4,328 and $2,375, respectively)
4,328

 
2,427

REIT equity securities, at fair value
68

 
68

Cash and cash equivalents
1,708

 
1,720

Restricted cash
1,108

 
713

Derivative assets, at fair value
229

 
408

Receivable for securities sold (including pledged securities of $721 and $79, respectively)
908

 
239

Receivable under reverse repurchase agreements
3,175

 
5,218

Other assets
229

 
225

Total assets
$
73,105

 
$
67,766

Liabilities:
 
 
 
Repurchase agreements
$
58,112

 
$
50,296

Debt of consolidated variable interest entities, at fair value
725

 
761

Payable for securities purchased
50

 
843

Derivative liabilities, at fair value
1,352

 
890

Dividends payable
85

 
85

Obligation to return securities borrowed under reverse repurchase agreements, at
fair value
3,363

 
5,363

Accounts payable and other accrued liabilities
62

 
100

Total liabilities
63,749

 
58,338

Stockholders' equity:
 
 
 
Preferred stock - $0.01 par value; 10.0 shares authorized:
 
 
 
Redeemable Preferred Stock; $0.01 par value; 6.9 shares issued and outstanding (aggregate liquidation preference of $348)
336

 
336

Common stock - $0.01 par value; 600.0 shares authorized;
 
 
 
352.8 shares issued and outstanding
4

 
4

Additional paid-in capital
10,332

 
10,332

Retained deficit
(2,166
)
 
(1,674
)
Accumulated other comprehensive income
850

 
430

Total stockholders' equity
9,356

 
9,428

Total liabilities and stockholders' equity
$
73,105

 
$
67,766

See accompanying notes to consolidated financial statements.

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