2012 Q3 Form 10-Q Financial Statement

#000115752313005656 Filed on November 27, 2013

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $198.5M $168.0M
YoY Change 18.15% -13.76%
Cost Of Revenue $47.40M $46.00M
YoY Change 3.04% -10.85%
Gross Profit $151.1M $122.0M
YoY Change 23.85% -14.8%
Gross Profit Margin 76.12% 72.62%
Selling, General & Admin $4.700M $1.800M
YoY Change 161.11% 0.0%
% of Gross Profit 3.11% 1.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.300M $1.800M
YoY Change 83.33% -21.74%
Operating Profit $147.8M $120.2M
YoY Change 22.96% -14.69%
Interest Expense $34.36M $32.79M
YoY Change 4.77% -18.57%
% of Operating Profit 23.24% 27.28%
Other Income/Expense, Net
YoY Change
Pretax Income $128.1M -$60.21M
YoY Change -312.71% -151.46%
Income Tax $0.00 -$171.0K
% Of Pretax Income 0.0%
Net Earnings $128.1M -$60.04M
YoY Change -313.32% -203.02%
Net Earnings / Revenue 64.52% -35.74%
Basic Earnings Per Share $0.12 -$0.06
Diluted Earnings Per Share $0.12 -$0.06
COMMON SHARES
Basic Shares Outstanding 1.027B shares 1.026B shares
Diluted Shares Outstanding 1.028B shares 1.027B shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $458.0M $10.00M
YoY Change 4480.0% -16.67%
Cash & Equivalents $458.1M $9.824M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $501.0M $66.00M
YoY Change 659.09% 10.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.888B $9.362B
YoY Change -37.11% 38.0%
Other Assets
YoY Change
Total Long-Term Assets $7.038B $9.648B
YoY Change -27.05% 34.5%
TOTAL ASSETS
Total Short-Term Assets $501.0M $66.00M
Total Long-Term Assets $7.038B $9.648B
Total Assets $7.539B $9.714B
YoY Change -22.39% 34.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.000M $2.000M
YoY Change -50.0% -99.29%
Accrued Expenses $11.00M $12.00M
YoY Change -8.33% 9.09%
Deferred Revenue
YoY Change
Short-Term Debt $1.659B $4.171B
YoY Change -60.23% 166.01%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.775B $4.332B
YoY Change -59.03% 113.5%
LONG-TERM LIABILITIES
Long-Term Debt $2.287B $1.984B
YoY Change 15.27% -12.83%
Other Long-Term Liabilities $59.00M $45.00M
YoY Change 31.11% 80.0%
Total Long-Term Liabilities $2.346B $2.029B
YoY Change 15.62% -11.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.775B $4.332B
Total Long-Term Liabilities $2.346B $2.029B
Total Liabilities $4.121B $6.360B
YoY Change -35.21% 46.85%
SHAREHOLDERS EQUITY
Retained Earnings -$1.049B
YoY Change
Common Stock $3.614B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.418B $3.350B
YoY Change
Total Liabilities & Shareholders Equity $7.539B $9.714B
YoY Change -22.39% 34.3%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $128.1M -$60.04M
YoY Change -313.32% -203.02%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $82.30M $117.7M
YoY Change -30.08% 44.42%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.348B $328.4M
YoY Change 310.51% -256.83%
Cash From Investing Activities $1.348B $328.4M
YoY Change 310.51% -256.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.089B -452.3M
YoY Change 140.68% 369.19%
NET CHANGE
Cash From Operating Activities 82.30M 117.7M
Cash From Investing Activities 1.348B 328.4M
Cash From Financing Activities -1.089B -452.3M
Net Change In Cash 341.8M -6.200M
YoY Change -5612.9% -97.24%
FREE CASH FLOW
Cash From Operating Activities $82.30M $117.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At September 30, 2012 and December 31, 2011, the repurchase agreements collateralized by Agency RMBS had the following remaining maturities.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#xA0;</div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"> <div align="center"> <table style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0" width="60%"> <tr> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="19%" colspan="3" align="right"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">September 30, 2012</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="19%" colspan="3" align="right"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31, 2011</font></div> </td> </tr> <tr> <td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="43%" colspan="6"> <div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> (dollars in thousands)</font></font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Overnight</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">35,430</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1-29 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,130,037</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,368,945</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30 to 59 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">144,595</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">836,007</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60 to 89 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90 to 119 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">35,475</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="18%"> <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">171,836</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Greater than or equal to 120 days</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="18%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">313,369</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="18%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">296,201</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="53%" align="left"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div> </td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="18%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,658,906</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="2%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="18%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,672,989</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="3%" nowrap="nowrap"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#xA0;</font></td> </tr> </table> </div> </div> </div>
us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
The interest rates of these repurchase agreements are generally indexed to the one-month or the three-month LIBOR rate and re-price accordingly.
us-gaap Common Stock Dividends Per Share Declared
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0.29
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695546 shares
us-gaap Investment Income Interest
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139926000
us-gaap Nature Of Common Ownership Or Management Control Relationships
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FIDAC is a wholly-owned subsidiary of Annaly
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22000
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3469000
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-14607000
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251808000
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124065000
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9188000
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-952000
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318296000
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0.24
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-85165000
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-513000
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363204000
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-5459000
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242000
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249084000
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1113154000
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249082000
us-gaap Net Income Loss
NetIncomeLoss
249082000
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89717000
us-gaap Income Tax Expense Benefit
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<div style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> (p) Use of Estimates</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">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. Although the Company&#x2019;s estimates contemplate current conditions and how it expects them to change in the future, it is reasonably possible that actual conditions could be materially different than anticipated in those estimates, which could have a material adverse impact on the Company&#x2019;s results of operations and its financial condition. Management has made significant estimates in accounting for income recognition and OTTI on Agency and Non-Agency RMBS and IO RMBS (Note 3), valuation of Agency and Non-Agency RMBS (Notes 3 and 5), and interest rate swaps (Notes 5 and 9).&#xA0;&#xA0;Actual results could differ materially from those estimates.</font></div> </div>
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380004000
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6128842000
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cim Investment Management Fees Affiliate
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-1427000
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45745000
cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
380432000
cim Common Stock Equity Distribution Agreement Description
CommonStockEquityDistributionAgreementDescription
On January 28, 2011 the Company entered into an equity distribution agreement with FIDAC and UBS Securities LLC ("UBS")
cim Common Stock Equity Distribution Agreement Date
CommonStockEquityDistributionAgreementDate
2011-01-28
cim Identification Of Company Manager
IdentificationOfCompanyManager
Fixed Income Discount Advisory Company
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-29497000
cim Common Shares Issued Under Direct Purchase And Dividend Reinvestment Plan
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39000 shares
cim Common Stock Equity Distribution Agreement Shares Sold In Period
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0 shares
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417513000
cim Management Fees Paid To Related Party
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40290000
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-14890000
cim Minimum Percentage Net Income Loss Distributed To Qualify As Real Estate Investment Trust
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0.90 pure
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1910000
cim Investment Management Fees Affiliate Net
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36953000
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3800000000
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78950000
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71610000
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58000
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EarningsPerShareDiluted
-0.06
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0.13
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791374 shares
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68776000
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-17600000
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-25312000
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OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeNetOfTax
150560000
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1830000
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1027195404 shares
CY2011Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
133400000
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
108639000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2011Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-58000
CY2011Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
152789000
CY2011Q3 us-gaap Dilutive Securities
DilutiveSecurities
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1026404030 shares
CY2011Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
150560000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-60207000
CY2011Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-60036000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-60036000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-171000
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-41863000
CY2011Q3 us-gaap Interest Expense
InterestExpense
3149000
CY2011Q3 cim Interest Income And Other Net Investment Gains Losses
InterestIncomeAndOtherNetInvestmentGainsLosses
-45125000
CY2011Q3 cim Other Gains Losses
OtherGainsLosses
-47354000
CY2011Q3 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
13252000
CY2011Q3 cim Other Expenses Not Reflected In Net Investment Income Loss
OtherExpensesNotReflectedInNetInvestmentIncomeLoss
15082000
CY2011Q3 cim Gains Losses On Derivative Instruments Not Designated As Hedging Instruments
GainsLossesOnDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-29812000
CY2011Q3 cim Realized Gains Losses On Derivative Instruments Not Designated As Hedging Instruments
RealizedGainsLossesOnDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-4500000
CY2011Q3 cim Investment Management Fees Affiliate Net
InvestmentManagementFeesAffiliateNet
13252000
CY2012Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2713000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
329818000
CY2012Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
7301000
CY2012Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
69155000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
663943 shares
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
36576000
CY2012Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-15393000
CY2012Q3 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-4427000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeNetOfTax
10014000
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4658000
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1027505030 shares
CY2012Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
92400000
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
201750000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2012Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
496000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-69155000
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
110340000
CY2012Q3 us-gaap Dilutive Securities
DilutiveSecurities
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1026841087 shares
CY2012Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
10014000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
128068000
CY2012Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
128068000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
128068000
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
260891000
CY2012Q3 us-gaap Interest Expense
InterestExpense
2281000
CY2012Q3 cim Interest Income And Other Net Investment Gains Losses
InterestIncomeAndOtherNetInvestmentGainsLosses
144363000
CY2012Q3 cim Other Gains Losses
OtherGainsLosses
44037000
CY2012Q3 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
13051000
CY2012Q3 cim Other Expenses Not Reflected In Net Investment Income Loss
OtherExpensesNotReflectedInNetInvestmentIncomeLoss
16295000
CY2012Q3 cim Gains Losses On Derivative Instruments Not Designated As Hedging Instruments
GainsLossesOnDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-9725000
CY2012Q3 cim Realized Gains Losses On Derivative Instruments Not Designated As Hedging Instruments
RealizedGainsLossesOnDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-5298000
CY2012Q3 cim Investment Management Fees Affiliate Recoveries
InvestmentManagementFeesAffiliateRecoveries
1910000
CY2012Q3 cim Investment Management Fees Affiliate Net
InvestmentManagementFeesAffiliateNet
11141000

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