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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 08/05/2016
Entire Document
 


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)

 
June 30, 2016
 
December 31, 2015
 
(Unaudited)
 
 
Assets:
 
 
 
Agency securities, at fair value (including pledged securities of $48,344 and $48,380, respectively)
$
53,418

 
$
51,331

Agency securities transferred to consolidated variable interest entities, at fair value (pledged securities)
945

 
1,029

Non-agency securities, at fair value (pledged securities)
107

 
113

U.S. Treasury securities, at fair value (pledged securities)
62

 
25

REIT equity securities, at fair value
19

 
33

Cash and cash equivalents
1,131

 
1,110

Restricted cash and cash equivalents
1,399

 
1,281

Derivative assets, at fair value
111

 
81

Receivable under reverse repurchase agreements
2,982

 
1,713

Other assets
301

 
305

Total assets
$
60,475

 
$
57,021

Liabilities:
 
 
 
Repurchase agreements
$
41,947

 
$
41,754

Federal Home Loan Bank advances
3,037

 
3,753

Debt of consolidated variable interest entities, at fair value
528

 
595

Payable for securities purchased
2,581

 
182

Derivative liabilities, at fair value
1,519

 
935

Dividends payable
73

 
74

Obligation to return securities borrowed under reverse repurchase agreements, at
fair value
3,017

 
1,696

Accounts payable and other accrued liabilities
71

 
61

Total liabilities
52,773

 
49,050

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;
 
 
 
331.0 and 337.5 shares issued and outstanding, respectively
3

 
3

Additional paid-in capital
9,932

 
10,048

Retained deficit
(3,669
)
 
(2,350
)
Accumulated other comprehensive income (loss)
1,100

 
(66
)
Total stockholders' equity
7,702

 
7,971

Total liabilities and stockholders' equity
$
60,475

 
$
57,021

See accompanying notes to consolidated financial statements.

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