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SEC Filings

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


AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
(in millions, except per share data)

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Interest income:
 
 
 
 
 
 
 
Interest income
$
318

 
$
414

 
$
613

 
$
797

Interest expense
101

 
81

 
200

 
167

Net interest income
217

 
333

 
413

 
630

Other gain (loss), net:
 
 
 
 
 
 
 
Gain (loss) on sale of mortgage-backed securities, net
55

 
(22
)
 
53

 
14

Gain (loss) on derivative instruments and other securities, net
(367
)
 
237

 
(1,300
)
 
(312
)
Total other gain (loss), net
(312
)
 
215

 
(1,247
)
 
(298
)
Expenses:
 
 
 
 
 
 
 
Management fees
25

 
29

 
52

 
59

General, administrative and other expenses
15

 
7

 
21

 
13

Total expenses
40

 
36

 
73

 
72

Net income (loss)
(135
)
 
512

 
(907
)
 
260

Dividend on preferred stock
7

 
7

 
14

 
14

Net income (loss) available (attributable) to common stockholders
$
(142
)
 
$
505

 
$
(921
)
 
$
246

 
 
 
 
 
 
 
 
Net income (loss)
$
(135
)
 
$
512

 
$
(907
)
 
$
260

Other comprehensive income (loss):
 
 
 
 
 
 
 
Unrealized gain (loss) on available-for-sale securities, net
370

 
(872
)
 
1,135

 
(481
)
Unrealized gain on derivative instruments, net
12

 
26

 
31

 
55

Other comprehensive income (loss)
382

 
(846
)
 
1,166

 
(426
)
Comprehensive income (loss)
247

 
(334
)
 
259

 
(166
)
Dividend on preferred stock
7

 
7

 
14

 
14

Comprehensive income (loss) available (attributable) to common stockholders
$
240

 
$
(341
)
 
$
245

 
$
(180
)
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding - basic and diluted
331.0

 
352.1

 
332.7

 
352.5

Net income (loss) per common share - basic and diluted
$
(0.43
)
 
$
1.43

 
$
(2.77
)
 
$
0.70

Dividends declared per common share
$
0.60

 
$
0.62

 
$
1.20

 
$
1.28

See accompanying notes to consolidated financial statements.

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