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SEC Filings

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


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

AMERICAN CAPITAL AGENCY CORP.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
 
 
 
September 30, 2014
 
December 31, 2013
 
(Unaudited)
 
 
Assets:
 
 
 
Agency securities, at fair value (including pledged securities of $46,162 and $62,205, respectively)
$
50,420

 
$
64,482

Agency securities transferred to consolidated variable interest entities, at fair value (pledged securities)
1,310

 
1,459

U.S. Treasury securities, at fair value (including pledged securities of $1,214 and $3,778, respectively)
1,214

 
3,822

REIT equity securities, at fair value
66

 
237

Cash and cash equivalents
1,708

 
2,143

Restricted cash
794

 
101

Derivative assets, at fair value
462

 
1,194

Receivable for securities sold (including pledged securities of $694 and $622, respectively)
905

 
652

Receivable under reverse repurchase agreements
5,258

 
1,881

Other assets
211

 
284

Total assets
$
62,348

 
$
76,255

Liabilities:
 
 
 
Repurchase agreements
$
45,327

 
$
63,533

Debt of consolidated variable interest entities, at fair value
796

 
910

Payable for securities purchased
1,150

 
118

Derivative liabilities, at fair value
510

 
422

Dividends payable
236

 
235

Obligation to return securities borrowed under reverse repurchase agreements, at
fair value
4,742

 
1,848

Accounts payable and other accrued liabilities
230

 
492

Total liabilities
52,991

 
67,558

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 and $173, respectively)
336

 
167

Common stock - $0.01 par value; 600.0 shares authorized;
 
 
 
352.8 and 356.2 shares issued and outstanding, respectively
4

 
4

Additional paid-in capital
10,332

 
10,406

Retained deficit
(1,112
)
 
(497
)
Accumulated other comprehensive loss
(203
)
 
(1,383
)
Total stockholders' equity
9,357

 
8,697

Total liabilities and stockholders' equity
$
62,348

 
$
76,255

See accompanying notes to consolidated financial statements.

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