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10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 11/06/2014
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Selected Financial Data

The following selected financial data is derived from our interim consolidated financial statements and the notes thereto. The tables below present our condensed consolidated balance sheets as of September 30, 2014 and December 31, 2013 and our condensed consolidated statements of comprehensive income and key statistics for the three and nine months ended September 30, 2014 and 2013 (in millions, except per share amounts):
 
Balance Sheet Data
 
September 30,
2014
 
December 31, 2013
 
 
(unaudited)
 
 
Investment portfolio, at fair value
 
$
51,730

 
$
65,941

Total assets
 
$
62,348

 
$
76,255

Repurchase agreements and other debt
 
$
46,123

 
$
64,443

Total liabilities
 
$
52,991

 
$
67,558

Total stockholders' equity
 
$
9,357

 
$
8,697

Net asset value per common share as of period end 1
 
$
25.54

 
$
23.93


 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Statement of Comprehensive Income Data (unaudited)
 
2014
 
2013
 
2014
 
2013
Interest income
 
$
357

 
$
558

 
$
1,141

 
$
1,650

Interest expense 2
 
88

 
145

 
291

 
416

Net interest income
 
269

 
413

 
850

 
1,234

Other (loss) income, net 2
 
(37
)
 
(1,072
)
 
(655
)
 
265

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 2
 
(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

 
 
 
 
 
 
 
 
 

37


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