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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 11/06/2014
Entire Document
 


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

 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
Interest income:
 
 
 
 
 
 
 
Interest income
$
357

 
$
558

 
$
1,141

 
$
1,650

Interest expense
88

 
145

 
291

 
416

Net interest income
269

 
413

 
850

 
1,234

Other loss (income), net:
 
 
 
 
 
 
 
Gain (loss) on sale of agency securities, net
14

 
(733
)
 
17

 
(742
)
(Loss) gain on derivative instruments and other securities, net
(51
)
 
(339
)
 
(672
)
 
1,007

Total other (loss) income, net
(37
)
 
(1,072
)
 
(655
)
 
265

Expenses:
 
 
 
 
 
 
 
Management fees
30

 
35

 
89

 
105

General and administrative expenses
5

 
7

 
17

 
25

Total expenses
35

 
42

 
106

 
130

Income (loss) before income tax
197

 
(701
)
 
89

 
1,369

Provision for income tax, net

 

 

 
10

Net income (loss)
197

 
(701
)
 
89

 
1,359

Dividend on preferred stock
7

 
3

 
16

 
10

Net income (loss) available (attributable) to common shareholders
$
190

 
$
(704
)
 
$
73

 
$
1,349

 
 
 
 
 
 
 
 
Net income (loss)
$
197

 
$
(701
)
 
$
89

 
$
1,359

Other comprehensive (loss) income:
 
 
 
 
 
 
 
Unrealized (loss) gain on available-for-sale securities, net
(253
)
 
833

 
1,059

 
(2,817
)
Unrealized gain on derivative instruments, net
38

 
47

 
121

 
144

Other comprehensive (loss) income
(215
)
 
880

 
1,180

 
(2,673
)
Comprehensive (loss) income
(18
)
 
179

 
1,269

 
(1,314
)
Dividend on preferred stock
7

 
3

 
16

 
10

Comprehensive (loss) income (attributable) available to common shareholders
$
(25
)
 
$
176

 
$
1,253

 
$
(1,324
)
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding - basic and diluted
352.8

 
390.6

 
353.5

 
381.2

Net income (loss) per common share - basic and diluted
$
0.54

 
$
(1.80
)
 
$
0.21

 
$
3.54

Comprehensive (loss) income per common share - basic and diluted
$
(0.07
)
 
$
0.45

 
$
3.54

 
$
(3.47
)
Dividends declared per common share
$
0.65

 
$
0.80

 
$
1.95

 
$
3.10

See accompanying notes to consolidated financial statements.

3


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