2020 Q1 Form 10-Q Financial Statement

#000142368920000042 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue -$1.972B $825.0M
YoY Change -339.03% 27.31%
Cost Of Revenue $426.0M $541.0M
YoY Change -21.26% 162.62%
Gross Profit -$2.398B $284.0M
YoY Change -944.37% -35.75%
Gross Profit Margin 34.42%
Selling, General & Admin $13.00M $10.00M
YoY Change 30.0% 0.0%
% of Gross Profit 3.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit 0.0%
Operating Expenses $23.00M $19.00M
YoY Change 21.05% 5.56%
Operating Profit -$2.421B $265.0M
YoY Change -1013.58% -37.5%
Interest Expense $426.0M $541.0M
YoY Change -21.26% 162.62%
% of Operating Profit 204.15%
Other Income/Expense, Net -$2.463B
YoY Change
Pretax Income -$2.421B $265.0M
YoY Change -1013.58% -37.5%
Income Tax
% Of Pretax Income
Net Earnings -$2.421B $265.0M
YoY Change -1013.58% -37.5%
Net Earnings / Revenue 32.12%
Basic Earnings Per Share -$4.46 $0.48
Diluted Earnings Per Share -$4.46 $0.47
COMMON SHARES
Basic Shares Outstanding 548.0M shares 536.7M shares
Diluted Shares Outstanding 548.0M shares 537.2M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.289B $929.0M
YoY Change 38.75% -4.42%
Cash & Equivalents $1.289B $929.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00 $439.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.289B $1.368B
YoY Change -5.77% 40.74%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $80.44B $115.8B
YoY Change -30.55% 73.6%
Other Assets $1.978B $517.0M
YoY Change 282.59% 33.94%
Total Long-Term Assets $83.85B $117.4B
YoY Change -28.6% 72.07%
TOTAL ASSETS
Total Short-Term Assets $1.289B $1.368B
Total Long-Term Assets $83.85B $117.4B
Total Assets $85.14B $118.8B
YoY Change -28.34% 71.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.0M $795.0M
YoY Change -77.99% 18.66%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $66.54B $86.69B
YoY Change -23.24% 77.07%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $70.10B $88.71B
YoY Change -20.98% 76.85%
LONG-TERM LIABILITIES
Long-Term Debt $214.0M $266.0M
YoY Change -19.55% -20.83%
Other Long-Term Liabilities $5.024B $19.33B
YoY Change -74.01% 86.13%
Total Long-Term Liabilities $5.238B $19.59B
YoY Change -73.27% 82.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.10B $88.71B
Total Long-Term Liabilities $5.238B $19.59B
Total Liabilities $75.34B $108.3B
YoY Change -30.44% 77.89%
SHAREHOLDERS EQUITY
Retained Earnings -$6.592B -$3.467B
YoY Change 90.14% 47.03%
Common Stock $6.000M $5.000M
YoY Change 20.0% 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.798B $10.50B
YoY Change
Total Liabilities & Shareholders Equity $85.14B $118.8B
YoY Change -28.34% 71.63%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$2.421B $265.0M
YoY Change -1013.58% -37.5%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities $347.0M $329.0M
YoY Change 5.47% 14.24%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $23.58B $0.00
YoY Change -100.0%
Cash From Investing Activities $23.58B -$11.29B
YoY Change -308.89% -977.0%
FINANCING ACTIVITIES
Cash Dividend Paid $277.0M $298.0M
YoY Change -7.05% 35.45%
Common Stock Issuance & Retirement, Net -$439.0M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$21.94B $10.88B
YoY Change -301.57% -788.86%
NET CHANGE
Cash From Operating Activities $347.0M $329.0M
Cash From Investing Activities $23.58B -$11.29B
Cash From Financing Activities -$21.94B $10.88B
Net Change In Cash $1.985B -$74.00M
YoY Change -2782.43% 1380.0%
FREE CASH FLOW
Cash From Operating Activities $347.0M $329.0M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2020Q1 agnc Costof Saleof Fair Value Option Securities
CostofSaleofFairValueOptionSecurities
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CostofSaleofFairValueOptionSecurities
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CostofSaleofInvestmentSecurities
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CY2020Q1 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
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CY2019Q1 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
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CY2020Q1 us-gaap Securities Sold Under Agreements To Repurchase
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SecuritiesSoldUnderAgreementsToRepurchase
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CY2020Q1 us-gaap Securities Sold Under Agreements To Repurchase
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ShortTermDebtWeightedAverageInterestRate
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CY2020Q1 agnc Repurchase Agreements Weighted Average Days To Maturity
RepurchaseAgreementsWeightedAverageDaysToMaturity
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SecuritiesSoldUnderAgreementsToRepurchase
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CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
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CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
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FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
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Governmentbondsownedandsoldshortnet
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InterestRateSwapsLinkedtoOvernightIndexSwapRate
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CY2020Q1 agnc Interest Rate Swaps Linkedto Secured Overnight Financing Rate
InterestRateSwapsLinkedtoSecuredOvernightFinancingRate
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CY2019Q4 agnc Interest Rate Swaps Linkedto Secured Overnight Financing Rate
InterestRateSwapsLinkedtoSecuredOvernightFinancingRate
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InterestRateSwapsLinkedto3MonthLIBOR
0.05
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InterestRateSwapsLinkedto3MonthLIBOR
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CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2019Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2020Q1 agnc Risk Of Repurchase Agreement To Stockholders Equity
RiskOfRepurchaseAgreementToStockholdersEquity
0.06
CY2019Q4 agnc Risk Of Repurchase Agreement To Stockholders Equity
RiskOfRepurchaseAgreementToStockholdersEquity
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CY2020Q1 us-gaap Security Owned And Pledged As Collateral Fair Value
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CY2019Q4 us-gaap Security Owned And Pledged As Collateral Fair Value
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CY2019Q4 agnc Agency Securities Pledged As Collateral Amortized Cost
AgencySecuritiesPledgedAsCollateralAmortizedCost
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AgencySecuritiesPledgedAsCollateralAccruedInterest
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GrossAmountsofCashCollateralNotOffsetontheBalanceSheet
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CY2020Q1 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
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FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
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CY2020Q1 agnc Agencysecuritiestransferredtoconsolidatedvariableinterestentitiesatfairvalue
Agencysecuritiestransferredtoconsolidatedvariableinterestentitiesatfairvalue
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Agencysecuritiestransferredtoconsolidatedvariableinterestentitiesatfairvalue
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CY2020Q1 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
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FinancialInstrumentsOwnedOtherAtFairValue
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CY2020Q1 agnc Non Agency Securitiesat Fair Value
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NonAgencySecuritiesatFairValue
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CY2020Q1 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
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FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
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CY2020Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
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CY2019Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
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CY2020Q1 agnc Obligation To Return Securities Borrowed Under Reverse Repurchase Agreements At Fair Value
ObligationToReturnSecuritiesBorrowedUnderReverseRepurchaseAgreementsAtFairValue
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CY2020Q1 us-gaap Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
66800000000 USD
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547500000 shares
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WeightedAverageNumberofSharesOutstanding
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CY2020Q1 agnc Weighted Average Numberof Fully Vested Restricted Stock Unitsand Performance Share Units Outstanding
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500000 shares
CY2019Q1 agnc Weighted Average Numberof Fully Vested Restricted Stock Unitsand Performance Share Units Outstanding
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400000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
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CY2020Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
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CY2020Q1 agnc Preferred Stock C Value Issued
PreferredStockCValueIssued
315000000 USD
CY2020Q1 agnc Preferred Stock C Liquidation Preference Value
PreferredStockCLiquidationPreferenceValue
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CY2020Q1 agnc Preferred Stock D Value Issued
PreferredStockDValueIssued
227000000 USD
CY2020Q1 agnc Preferred Stock D Liquidation Preference Value
PreferredStockDLiquidationPreferenceValue
235000000 USD
CY2019Q4 agnc Preferred Stock E Value Issued
PreferredStockEValueIssued
390000000 USD
CY2019Q4 agnc Preferred Stock E Liquidation Preference Value
PreferredStockELiquidationPreferenceValue
403000000 USD
CY2020Q1 agnc Preferred Stock F Value Issued
PreferredStockFValueIssued
557000000 USD
CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
1489000000 USD
CY2020Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
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CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
26700000 shares
CY2020Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
16.46
CY2020Q1 agnc Commonstock Valueof Shares Remainingfor Future Issuance
CommonstockValueofSharesRemainingforFutureIssuance
26000000 USD
CY2019Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
900000000 USD

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