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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 08/06/2018
Entire Document
 


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements
AGNC INVESTMENT CORP.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)

 
June 30, 2018
 
December 31, 2017
 
(Unaudited)
 
 
Assets:
 
 
 
Agency securities, at fair value (including pledged securities of $51,356 and $53,055, respectively)
$
55,524

 
$
55,506

Agency securities transferred to consolidated variable interest entities, at fair value (pledged securities)
587

 
662

Credit risk transfer securities, at fair value
936

 
876

Non-Agency securities, at fair value
60

 
36

REIT equity securities, at fair value
46

 
29

Cash and cash equivalents
863

 
1,046

Restricted cash
447

 
317

Derivative assets, at fair value
458

 
205

Receivable for investment securities sold (pledged securities)
31

 

Receivable under reverse repurchase agreements
13,306

 
10,961

Goodwill and other intangible assets, net
550

 
551

Other assets
330

 
187

Total assets
$
73,138

 
$
70,376

Liabilities:
 
 
 
Repurchase agreements
$
48,839

 
$
50,296

Debt of consolidated variable interest entities, at fair value
313

 
357

Payable for investment securities purchased
1,503

 
95

Derivative liabilities, at fair value
6

 
28

Dividends payable
87

 
80

Obligation to return securities borrowed under reverse repurchase agreements, at fair value
12,898

 
10,467

Accounts payable and other liabilities
450

 
299

Total liabilities
64,096

 
61,622

Stockholders' equity:
 
 
 
7.750% Series B Cumulative Redeemable Preferred Stock (aggregate liquidation preference of $175)
169

 
169

7.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (aggregate liquidation preference of $325)
315

 
315

Common stock - $0.01 par value; 900 and 600 shares authorized, respectively; 434.1 and 391.3 shares issued and outstanding, respectively
4

 
4

Additional paid-in capital
11,964

 
11,173

Retained deficit
(2,299
)
 
(2,562
)
Accumulated other comprehensive loss
(1,111
)
 
(345
)
Total stockholders' equity
9,042

 
8,754

Total liabilities and stockholders' equity
$
73,138

 
$
70,376

See accompanying notes to consolidated financial statements.

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