2013 Q4 Form 10-K Financial Statement

#000144530514000633 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue -$112.1M -$202.4M $513.6M
YoY Change -176.05% -348.65% 15950.0%
Cost Of Revenue $17.60M $17.90M $23.60M
YoY Change -26.36% -6.77% 112.61%
Gross Profit -$129.7M -$220.3M $490.0M
YoY Change -205.11% -454.75% -6302.53%
Gross Profit Margin 95.4%
Selling, General & Admin $9.000M $9.300M $8.700M
YoY Change 25.0% 43.08% 64.15%
% of Gross Profit 1.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $9.531M $9.684M $9.302M
YoY Change 24.23% 34.72% 63.68%
Operating Profit -$139.2M -$230.0M $480.7M
YoY Change -220.31% -518.82% -3638.97%
Interest Expense $16.25M $17.90M $23.60M
YoY Change -32.12% -6.88% 112.45%
% of Operating Profit 4.91%
Other Income/Expense, Net $381.0K $564.0K
YoY Change
Pretax Income -$540.8M -$230.0M $481.4M
YoY Change -567.42% -518.86% -3639.6%
Income Tax $0.00 -$10.00K $0.00
% Of Pretax Income 0.0%
Net Earnings -$540.8M -$229.9M $481.4M
YoY Change -567.21% -518.52% -3637.77%
Net Earnings / Revenue 93.73%
Basic Earnings Per Share -$1.47 -$0.63 $1.28
Diluted Earnings Per Share -$1.47 -$0.63 $1.28
COMMON SHARES
Basic Shares Outstanding 369.5M shares 370.8M shares 372.6M shares
Diluted Shares Outstanding 369.5M shares 372.3M shares 374.1M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $496.0M $496.0M $803.0M
YoY Change -35.67% -31.77% 145.57%
Cash & Equivalents $496.5M $496.5M $802.9M
Short-Term Investments
Other Short-Term Assets $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0%
Inventory
Prepaid Expenses
Receivables $42.00M $46.00M $64.00M
Other Receivables $0.00 $0.00 $75.00M
Total Short-Term Assets $539.0M $543.0M $943.0M
YoY Change -64.33% -53.07% 150.8%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.65B $16.67B $22.61B
YoY Change -23.3% -24.64% 69.6%
Other Assets $36.00M $31.00M $280.0M
YoY Change -86.47% -86.97% 45.08%
Total Long-Term Assets $15.19B $17.09B $23.23B
YoY Change -21.55% -23.58% 71.69%
TOTAL ASSETS
Total Short-Term Assets $539.0M $543.0M $943.0M
Total Long-Term Assets $15.19B $17.09B $23.23B
Total Assets $15.73B $17.63B $24.17B
YoY Change -24.65% -25.03% 73.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.00M $4.000M $3.000M
YoY Change -99.61% -98.9%
Accrued Expenses $7.000M $8.000M $10.00M
YoY Change -30.0% -11.11% 233.33%
Deferred Revenue
YoY Change
Short-Term Debt $13.15B $14.92B $19.76B
YoY Change -28.39% -24.76% 63.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.57B $15.22B $19.98B
YoY Change -26.17% -27.06% 64.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $262.0M $254.0M $1.976B
YoY Change 37.17% 28.28% 1158.6%
Total Long-Term Liabilities $262.0M $254.0M $1.976B
YoY Change 37.17% 28.28% 1158.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.57B $15.22B $19.98B
Total Long-Term Liabilities $262.0M $254.0M $1.976B
Total Liabilities $13.83B $15.48B $21.96B
YoY Change -25.52% -26.56% 74.98%
SHAREHOLDERS EQUITY
Retained Earnings -$643.1M
YoY Change 330.77%
Common Stock $358.0K
YoY Change 15.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.901B $2.153B $2.216B
YoY Change
Total Liabilities & Shareholders Equity $15.73B $17.63B $24.17B
YoY Change -24.65% -25.03% 73.83%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$540.8M -$229.9M $481.4M
YoY Change -567.21% -518.52% -3637.77%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $68.90M $86.30M $118.9M
YoY Change -54.04% -18.51% 127.34%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.788B $8.277B $1.260B
YoY Change 24.72% -200.76% -219.43%
Cash From Investing Activities $1.788B $8.277B $1.260B
YoY Change 24.72% -200.76% -219.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $52.40M $20.30M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.857B -8.669B -1.413B
YoY Change 20.61% -201.89% -232.68%
NET CHANGE
Cash From Operating Activities 68.90M 86.30M 118.9M
Cash From Investing Activities 1.788B 8.277B 1.260B
Cash From Financing Activities -1.857B -8.669B -1.413B
Net Change In Cash 0.00000002980 -306.3M -33.70M
YoY Change -100.0% -176.46% -154.35%
FREE CASH FLOW
Cash From Operating Activities $68.90M $86.30M $118.9M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (&#8220;GAAP&#8221;). The consolidated financial statements include the accounts of ARMOUR Residential REIT, Inc. and its subsidiary. All intercompany accounts and transactions have been eliminated. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the accompanying consolidated financial statements include the valuation of Agency Securities (as defined below) and derivative instruments.</font></div></div>
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CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
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0.08
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
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0.07
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Common Stock Shares Authorized
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CY2012Q4 us-gaap Common Stock Shares Authorized
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1000000000 shares
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CY2012Q4 us-gaap Common Stock Shares Issued
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CY2012Q4 us-gaap Common Stock Shares Outstanding
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309013984 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2012Q4 us-gaap Common Stock Value
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309000 USD
CY2013Q4 us-gaap Common Stock Value
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358000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2011 us-gaap Comprehensive Income Net Of Tax
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CY2012 us-gaap Comprehensive Income Net Of Tax
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404122000 USD
CY2013 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Credit Risk</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have limited our exposure to credit losses on our securities portfolio of Agency Securities. The payment of principal and interest on the Freddie Mac and Fannie Mae Agency Securities are guaranteed by those respective agencies and the payment of principal and interest on the Ginnie Mae Agency Securities are backed by the full faith and credit of the U.S. Government.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2008, both Freddie Mac and Fannie Mae were placed in the conservatorship of the U.S. Government.&#160;&#160;On August 5, 2011, Standard &amp; Poor&#8217;s Corporation downgraded the U.S. Government&#8217;s credit rating from AAA to AA+ and on August 8, 2011, Fannie Mae and Freddie Mac&#8217;s credit ratings were downgraded from AAA to AA+.&#160;&#160;Fannie Mae and Freddie Mac remain in conservatorship of the U.S. Government. There can be no assurances as to how or when the U.S. Government will end these conservatorships or how the future profitability of Fannie Mae and Freddie Mac and any future credit rating actions may impact the credit risk associated with Agency Securities and, therefore, the value of the Agency Securities in our securities portfolio.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div>
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102795000 USD
CY2012Q4 us-gaap Derivative Asset Fair Value Gross Liability
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190540000 USD
CY2013Q4 us-gaap Derivative Assets
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508988000 USD
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5367000 USD
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313229000 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Cash
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0 USD
CY2013Q4 us-gaap Derivative Collateral Obligation To Return Securities
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101292000 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Securities
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CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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265552000 USD
CY2013Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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1599000 USD
CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Securities
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CY2013Q4 us-gaap Derivative Collateral Right To Reclaim Securities
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CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset
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190540000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
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102795000 USD
CY2013Q4 us-gaap Derivative Liabilities
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102795000 USD
CY2012Q4 us-gaap Derivative Liabilities
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CY2013 us-gaap Dividends Common Stock
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CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
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1964000 USD
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CY2012 us-gaap Earnings Per Share Basic
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CY2012Q2 us-gaap Earnings Per Share Diluted
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CY2012Q3 us-gaap Earnings Per Share Diluted
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CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y10M
CY2013Q4 us-gaap Federal Funds Purchased And Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
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CY2012Q4 us-gaap Federal Funds Purchased And Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
FederalFundsPurchasedAndSecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
18366095000 USD
CY2011 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2013 us-gaap Gain Loss On Derivative Instruments Net Pretax
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408735000 USD
CY2012 us-gaap Gain Loss On Derivative Instruments Net Pretax
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-121813000 USD
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CY2013 us-gaap Gain Loss On Sale Of Derivatives
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CY2011 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-25006000 USD
CY2013Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-37262000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-29053000 USD
CY2013Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-38858000 USD
CY2013Q4 us-gaap Gain Loss On Sale Of Derivatives
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CY2012Q1 us-gaap Gain Loss On Sale Of Derivatives
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-9741000 USD
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GainLossOnSaleOfDerivatives
-12400000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Derivatives
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-18914000 USD
CY2012Q4 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-21984000 USD
CY2011 us-gaap Gain On Derivative Instruments Pretax
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0 USD
CY2013 us-gaap Gain On Derivative Instruments Pretax
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-6716000 USD
CY2012 us-gaap Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
0 USD
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CY2012 us-gaap General Insurance Expense
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CY2011 us-gaap General Insurance Expense
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213000 USD
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-9391000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-187054000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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222282000 USD
CY2012 us-gaap Income Tax Expense Benefit
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CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51000 USD
CY2013 us-gaap Income Tax Expense Benefit
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-10000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
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CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
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3000 USD
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-32000 USD
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3000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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3100000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-704000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2492000 USD
CY2011 us-gaap Increase Decrease In Accrued Investment Income Receivable
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14744000 USD
CY2013 us-gaap Increase Decrease In Accrued Investment Income Receivable
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-13411000 USD
CY2012 us-gaap Increase Decrease In Accrued Investment Income Receivable
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36855000 USD
CY2013 us-gaap Increase Decrease In Derivative Assets And Liabilities
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591366000 USD
CY2012 us-gaap Increase Decrease In Derivative Assets And Liabilities
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-63446000 USD
CY2011 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-119145000 USD
CY2012 us-gaap Increase Decrease In Interest Payable Net
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7910000 USD
CY2011 us-gaap Increase Decrease In Interest Payable Net
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1925000 USD
CY2013 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-3435000 USD
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448000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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236000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-374000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
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-617480000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
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142518000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
118353000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
636000 shares
CY2013Q2 us-gaap Interest Expense
InterestExpense
23595000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
17899000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
25475000 USD
CY2013Q4 us-gaap Interest Expense
InterestExpense
16249000 USD
CY2012Q1 us-gaap Interest Expense
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6929000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
19222000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
11106000 USD
CY2012Q4 us-gaap Interest Expense
InterestExpense
23938000 USD
CY2011 us-gaap Interest Income Expense Net
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105782000 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
327799000 USD
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
422225000 USD
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
94519000 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
117564000 USD
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
105162000 USD
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
104980000 USD
CY2012Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
99396000 USD
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
55834000 USD
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
97471000 USD
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
75098000 USD
CY2013 us-gaap Interest Income Operating
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505443000 USD
CY2012 us-gaap Interest Income Operating
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388994000 USD
CY2011 us-gaap Interest Income Operating
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117638000 USD
CY2013Q2 us-gaap Interest Income Operating
InterestIncomeOperating
141159000 USD
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
112418000 USD
CY2013Q1 us-gaap Interest Income Operating
InterestIncomeOperating
130637000 USD
CY2013Q4 us-gaap Interest Income Operating
InterestIncomeOperating
121229000 USD
CY2012Q4 us-gaap Interest Income Operating
InterestIncomeOperating
123334000 USD
CY2012Q1 us-gaap Interest Income Operating
InterestIncomeOperating
62763000 USD
CY2012Q2 us-gaap Interest Income Operating
InterestIncomeOperating
86204000 USD
CY2012Q3 us-gaap Interest Income Operating
InterestIncomeOperating
116693000 USD
CY2013 us-gaap Interest Paid Net
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226549000 USD
CY2012 us-gaap Interest Paid Net
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85139000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
9024000 USD
CY2012Q4 us-gaap Interest Payable Current And Noncurrent
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10064000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
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42034000 USD
CY2012Q4 us-gaap Interest Receivable
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CY2013 us-gaap Labor And Related Expense
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3047000 USD
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CY2012Q4 us-gaap Liabilities
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18571103000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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CY2013Q4 us-gaap Liabilities And Stockholders Equity
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CY2012 us-gaap Management Fee Expense
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CY2013 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Nature of Business Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">References to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; "ARMOUR" or the &#8220;Company&#8221; are to ARMOUR Residential REIT, Inc. References to "ARRM" are to ARMOUR Residential Management LLC, a Delaware limited liability company. References to &#8220;Enterprise&#8221; are to Enterprise Acquisition Corp., which was a wholly-owned subsidiary of ARMOUR dissolved in December 2013.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are an externally managed Maryland corporation organized in 2008, managed by ARRM (see Note 14, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Related Party Transactions&#8221;</font><font style="font-family:inherit;font-size:10pt;"> for additional discussion), an investment advisor registered with the Securities and Exchange Commission. We invest&#160;in residential mortgage backed securities issued or guaranteed by a United States (&#8220;U.S.&#8221;) Government-sponsored entity (&#8220;GSE&#8221;), such as the Federal National Mortgage Association (Fannie Mae), the&#160;Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, "Agency Securities"). As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, Agency Securities accounted for </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of our securities portfolio. It is expected that the percentage will continue to be </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> or close thereto. Our securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. From time to time, a portion of our assets may be invested in Agency Securities backed by hybrid adjustable rate and adjustable rate home loans as well as unsecured notes and bonds issued by GSEs (&#8220;Agency Debt&#8221;), U.S. Treasuries and money market instruments, subject to certain income tests we must satisfy for our qualification as a real estate investment trust (&#8220;REIT&#8221;). On December 1, 2011, our stockholders approved an amendment to our charter to alter our investment asset class restriction in response to potential changes in Agency Securities to include Non-Agency Securities as well as Agency Securities in our investment asset class restriction. While we remain committed to investing in Agency Securities for so long as an adequate supply and pricing exists, we believe it is prudent for us to have the flexibility to invest in Non-Agency Securities and respond to changes in GSE policy.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have elected to be taxed as a REIT under the Internal Revenue Code (&#8220;the Code&#8221;). Our qualification as a REIT depends on our ability to meet, on a continuing basis, various complex requirements under the Code relating to, among other things, the sources of our gross income, the composition and values of our assets, our distribution levels and the concentration of ownership of our capital stock. We believe that we are organized in conformity with the requirements for qualification as a REIT under the Code and our manner of operations enables us to meet the requirements for taxation as a REIT for federal income tax purposes.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a REIT, we will generally not be subject to federal income tax on the REIT taxable income that we currently distribute to our stockholders. If we fail to qualify as a REIT in any taxable year and do not qualify for certain statutory relief provisions, we will be subject to federal income tax at regular corporate rates. Even if we qualify as a REIT for federal income tax purposes, we may still be subject to some federal, state and local taxes on our income.</font></div></div>
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P45D
CY2011 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
11856000 USD
CY2012 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
61195000 USD
CY2013 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
83218000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
265552000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35917000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-149298000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-643138000 USD
CY2013Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
10400000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
1516000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
146000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
741000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2490 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
7.69
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
250000 shares
CY2013 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table represents the contractual repricing regarding our repurchase agreements to finance Agency Security purchases as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Within 30 days</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c0ffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,990,434</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c0ffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,771,444</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31 days to 60 days</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,098,298</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,840,268</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61 days to 90 days</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,226,694</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,699,706</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Greater than 90 days</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">836,078</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,677</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#c0ffff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,151,504</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#c0ffff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,366,095</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table represents the MRAs and other information regarding our repurchase agreements to finance Agency Security purchases as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of MRAs</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of counterparties with repurchase agreements outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average maturity in days</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average contractual rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.42</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.49</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Haircut for repurchase agreements (1)</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.0</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.8</font></div></td><td style="vertical-align:bottom;background-color:#c0ffff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1) The Haircut represents the weighted average margin requirement, or the percentage amount by which the collateral value must exceed the loan amount. </font></div></div>
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
18366095000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
13151504000 USD
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2000000 shares
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
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CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2012Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
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CY2013 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
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CY2013Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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CY2013Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-58774000 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2013Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2013Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
16301000 USD
CY2013Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
127980000 USD
CY2013Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-11821000 USD
CY2012Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
17614000 USD
CY2012Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-70394000 USD
CY2012Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
25492000 USD
CY2012Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-31486000 USD
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61421000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
362830000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
224263000 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
369543 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
372256 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
339722 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
374135 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
270010 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134903 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
309648 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180773 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
223627000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
362830000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61421000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
372591 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
337935 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
370818 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
369543 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180773 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134903 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
269325 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
309005 shares
CY2013Q4 arr Accrued Interest Payable Fair Value Disclosure
AccruedInterestPayableFairValueDisclosure
6629000 USD
CY2012Q4 arr Accrued Interest Payable Fair Value Disclosure
AccruedInterestPayableFairValueDisclosure
10064000 USD
CY2013Q4 arr Accrued Interest Receivable Fair Value Disclosure
AccruedInterestReceivableFairValueDisclosure
42034000 USD
CY2012Q4 arr Accrued Interest Receivable Fair Value Disclosure
AccruedInterestReceivableFairValueDisclosure
55430000 USD
CY2013Q4 arr Amount Of Aggregate Tax Basis Of Assets And Liabilities In Excess Of Stockholders Equity Per Share
AmountOfAggregateTaxBasisOfAssetsAndLiabilitiesInExcessOfStockholdersEquityPerShare
0.41
CY2013 arr Amount Of Us Treasury Securities Sold Short
AmountOfUSTreasurySecuritiesSoldShort
2800000000 USD
CY2013Q4 arr Amountof Aggregate Tax Basisof Assetsand Liabilitiesin Excessof Stockholders Equity
AmountofAggregateTaxBasisofAssetsandLiabilitiesinExcessofStockholdersEquity
146200000 USD
CY2013 arr Amountof U.S.Treasury Securitiesrepurchased.
AmountofU.S.TreasurySecuritiesrepurchased.
2800000000 USD
CY2013 arr Automatic Renewal Period Of Management Agreement
AutomaticRenewalPeriodOfManagementAgreement
P5Y
CY2013Q4 arr Available For Sale Securities Debt Maturities Rolling After Year Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveAmortizedCostBasis
10980999000 USD
CY2012Q4 arr Available For Sale Securities Debt Maturities Rolling After Year Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveAmortizedCostBasis
795247000 USD
CY2012Q4 arr Available For Sale Securities Debt Maturities Rolling After Year Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveFairValue
793515000 USD
CY2013Q4 arr Available For Sale Securities Debt Maturities Rolling After Year Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveFairValue
10818469000 USD
CY2012Q4 arr Available For Sale Securities Debt Maturities Rolling Year Four Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearFourThroughFiveAmortizedCostBasis
9592001000 USD
CY2013Q4 arr Available For Sale Securities Debt Maturities Rolling Year Four Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearFourThroughFiveAmortizedCostBasis
3837530000 USD
CY2012Q4 arr Available For Sale Securities Debt Maturities Rolling Year Four Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearFourThroughFiveFairValue
9681538000 USD
CY2013Q4 arr Available For Sale Securities Debt Maturities Rolling Year Four Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearFourThroughFiveFairValue
3809418000 USD
CY2013Q4 arr Available For Sale Securities Debt Maturities Rolling Year Two Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughThreeAmortizedCostBasis
20127000 USD
CY2012Q4 arr Available For Sale Securities Debt Maturities Rolling Year Two Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughThreeAmortizedCostBasis
8476157000 USD
CY2012Q4 arr Available For Sale Securities Debt Maturities Rolling Year Two Through Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughThreeFairValue
8618862000 USD
CY2013Q4 arr Available For Sale Securities Debt Maturities Rolling Year Two Through Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughThreeFairValue
20289000 USD
CY2012Q4 arr Available For Sale Securities Net Unamortized Premium
AvailableForSaleSecuritiesNetUnamortizedPremium
940000000 USD
CY2013Q4 arr Available For Sale Securities Net Unamortized Premium
AvailableForSaleSecuritiesNetUnamortizedPremium
371438000 USD
CY2012Q4 arr Availableforsale Securities Agency Securities Gross
AvailableforsaleSecuritiesAgencySecuritiesGross
17925998000 USD
CY2013Q4 arr Availableforsale Securities Agency Securities Gross
AvailableforsaleSecuritiesAgencySecuritiesGross
14467220000 USD
CY2013Q4 arr Cash Collateral Held Fair Value Disclosure
CashCollateralHeldFairValueDisclosure
387845000 USD
CY2011Q4 arr Common Dividends Declared To Be Paid In Subsequent Period
CommonDividendsDeclaredToBePaidInSubsequentPeriod
643000 USD
CY2013Q4 arr Common Dividends Declared To Be Paid In Subsequent Period
CommonDividendsDeclaredToBePaidInSubsequentPeriod
0 USD
CY2012Q4 arr Common Dividends Declared To Be Paid In Subsequent Period
CommonDividendsDeclaredToBePaidInSubsequentPeriod
0 USD
CY2013Q4 arr Common Stock Acquired Average Cost Per Share
CommonStockAcquiredAverageCostPerShare
3.89
CY2013Q2 arr Common Stock Acquired Average Cost Per Share
CommonStockAcquiredAverageCostPerShare
5.94
CY2013Q4 arr Effective Management Fee
EffectiveManagementFee
0.01026
CY2011 arr Estimatedtaxableincome
Estimatedtaxableincome
87721000 USD
CY2012 arr Estimatedtaxableincome
Estimatedtaxableincome
281174000 USD
CY2013 arr Estimatedtaxableincome
Estimatedtaxableincome
240448000 USD
CY2013Q4 arr Haircut For Repurchase Agreements
HaircutForRepurchaseAgreements
0.050
CY2012Q4 arr Haircut For Repurchase Agreements
HaircutForRepurchaseAgreements
0.048
CY2013Q4 arr Net Amount Of Derivative Assets
NetAmountOfDerivativeAssets
94467000 USD
CY2012Q4 arr Net Amount Of Derivative Assets
NetAmountOfDerivativeAssets
3649000 USD
CY2012Q4 arr Net Amount Of Derivative Liabilities
NetAmountOfDerivativeLiabilities
-76730000 USD
CY2013Q4 arr Net Amount Of Derivative Liabilities
NetAmountOfDerivativeLiabilities
-96000 USD
CY2013 arr Netcapitallosses
Netcapitallosses
-579322000 USD
CY2012 arr Netcapitallosses
Netcapitallosses
0 USD
CY2011 arr Netcapitallosses
Netcapitallosses
0 USD
CY2013Q4 arr Number Of Counterparties With Repurchase Agreements Outstanding
NumberOfCounterpartiesWithRepurchaseAgreementsOutstanding
27 counterparties
CY2012Q4 arr Number Of Counterparties With Repurchase Agreements Outstanding
NumberOfCounterpartiesWithRepurchaseAgreementsOutstanding
26 counterparties
CY2012Q4 arr Number Of Master Repurchase Agreements Mr As
NumberOfMasterRepurchaseAgreementsMRAs
33 MRA
CY2013Q4 arr Number Of Master Repurchase Agreements Mr As
NumberOfMasterRepurchaseAgreementsMRAs
35 MRA
CY2013 arr Otherreconciliationitems Gaa Pnetincomelosstoestimatedtaxableincome
OtherreconciliationitemsGAAPnetincomelosstoestimatedtaxableincome
18000 USD
CY2011 arr Otherreconciliationitems Gaa Pnetincomelosstoestimatedtaxableincome
OtherreconciliationitemsGAAPnetincomelosstoestimatedtaxableincome
76000 USD
CY2012 arr Otherreconciliationitems Gaa Pnetincomelosstoestimatedtaxableincome
OtherreconciliationitemsGAAPnetincomelosstoestimatedtaxableincome
94000 USD
CY2012Q4 arr Payable For Unsettled Securities
PayableForUnsettledSecurities
0 USD
CY2013Q4 arr Payable For Unsettled Securities
PayableForUnsettledSecurities
159159000 USD
CY2011Q4 arr Payable For Unsettled Securities
PayableForUnsettledSecurities
117885000 USD
CY2013Q4 arr Percentage Of Portfolio Invested In Agency Securities
PercentageOfPortfolioInvestedInAgencySecurities
1
CY2012Q4 arr Percentage Of Portfolio Invested In Agency Securities
PercentageOfPortfolioInvestedInAgencySecurities
1
CY2012Q4 arr Principal Payments Receivable
PrincipalPaymentsReceivable
16037000 USD
CY2013Q4 arr Principal Payments Receivable
PrincipalPaymentsReceivable
70000 USD
CY2013Q4 arr Principal Payments Receivable Fair Value Disclosure
PrincipalPaymentsReceivableFairValueDisclosure
70000 USD
CY2012Q4 arr Principal Payments Receivable Fair Value Disclosure
PrincipalPaymentsReceivableFairValueDisclosure
16037000 USD
CY2012 arr Principal Repayments Of Agency Securities
PrincipalRepaymentsOfAgencySecurities
-2629142000 USD
CY2011 arr Principal Repayments Of Agency Securities
PrincipalRepaymentsOfAgencySecurities
-834947000 USD
CY2013 arr Principal Repayments Of Agency Securities
PrincipalRepaymentsOfAgencySecurities
-3135502000 USD
CY2012 arr Principal Repayments On Repurchase Agreements
PrincipalRepaymentsOnRepurchaseAgreements
114297294000 USD
CY2013 arr Principal Repayments On Repurchase Agreements
PrincipalRepaymentsOnRepurchaseAgreements
127975968000 USD
CY2011 arr Principal Repayments On Repurchase Agreements
PrincipalRepaymentsOnRepurchaseAgreements
34705492000 USD
CY2012 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
0 USD
CY2013 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
14176000 USD
CY2011 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
0 USD
CY2013Q3 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
35255000 USD
CY2013Q4 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
0 USD
CY2013Q1 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
0 USD
CY2013Q2 arr Realized Gain Loss On Short Sale Of Us Treasury Securities
RealizedGainLossOnShortSaleOfUSTreasurySecurities
-21078000 USD
CY2012 arr Repurchaseof Common Stock Accounts Payable
RepurchaseofCommonStockAccountsPayable
0 USD
CY2013 arr Repurchaseof Common Stock Accounts Payable
RepurchaseofCommonStockAccountsPayable
-19682000 USD
CY2011 arr Repurchaseof Common Stock Accounts Payable
RepurchaseofCommonStockAccountsPayable
0 USD
CY2013Q4 arr Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
35917000 USD
CY2012Q4 arr Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
265552000 USD
CY2013Q4 arr Restricted Cashand Cash Equivalents Liabilities
RestrictedCashandCashEquivalentsLiabilities
387845000 USD
CY2012Q4 arr Restricted Cashand Cash Equivalents Liabilities
RestrictedCashandCashEquivalentsLiabilities
0 USD
CY2013 arr Sub Management Agreement Paymentto Sub Managerin Eventof Termination
SubManagementAgreementPaymenttoSubManagerinEventofTermination
35400000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001428205
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
357621939 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
1701980000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
Armour Residential REIT, Inc.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
16025000000 USD
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
9822000000 USD

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