$CIM
CHIMERA INVESTMENT CORP

2013 Q4 Form 10-K Financial Statement

#000115752315000791 Filed on March 02, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $36.80M $121.3M $168.7M
YoY Change -72.46% -38.89% 6.1%
Cost Of Revenue $27.90M $31.60M $33.10M
YoY Change -37.3% -33.33% -5.16%
Gross Profit $8.900M $89.70M $135.6M
YoY Change -90.0% -40.64% 9.27%
Gross Profit Margin 24.18% 73.95% 80.38%
Selling, General & Admin $3.100M $3.600M $5.200M
YoY Change -35.42% -23.4% 108.0%
% of Gross Profit 34.83% 4.01% 3.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.200M $2.400M $200.0K
YoY Change -21.43% -27.27% -85.71%
Operating Profit $6.700M $87.30M $135.4M
YoY Change -92.23% -40.93% 10.35%
Interest Expense $21.49M $25.07M $26.61M
YoY Change -36.57% -27.02% 21.22%
% of Operating Profit 320.67% 28.72% 19.65%
Other Income/Expense, Net
YoY Change
Pretax Income $72.30M $67.37M $143.2M
YoY Change -8.13% -47.4% 251.16%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $72.31M $67.37M $143.2M
YoY Change -8.1% -47.4% 251.16%
Net Earnings / Revenue 196.5% 55.54% 84.89%
Basic Earnings Per Share $0.07 $0.14
Diluted Earnings Per Share $351.8K $0.07 $0.14
COMMON SHARES
Basic Shares Outstanding 1.028B shares 1.027B shares 1.027B shares
Diluted Shares Outstanding 1.028B shares 1.028B shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.00M $125.0M $168.0M
YoY Change -87.44% -72.71% 44.83%
Cash & Equivalents $77.63M $125.5M $168.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $254.0M $198.0M
Other Receivables $33.00M $37.00M
Total Short-Term Assets $365.0M $360.0M $206.0M
YoY Change -44.7% -28.14% 24.85%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.772B $5.830B $6.044B
YoY Change 0.07% -0.99% -11.16%
Other Assets
YoY Change
Total Long-Term Assets $6.571B $6.668B $6.978B
YoY Change -7.22% -5.25% -14.3%
TOTAL ASSETS
Total Short-Term Assets $365.0M $360.0M $206.0M
Total Long-Term Assets $6.571B $6.668B $6.978B
Total Assets $6.936B $7.028B $7.184B
YoY Change -10.42% -6.77% -13.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.000M $8.000M $2.000M
YoY Change 100.0% 700.0% -87.5%
Accrued Expenses $7.000M $7.000M $8.000M
YoY Change -36.36% -36.36% -33.33%
Deferred Revenue
YoY Change
Short-Term Debt $1.659B $1.589B $1.478B
YoY Change 8.57% -4.22% -37.43%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.972B $1.703B $1.586B
YoY Change 20.24% -4.06% -36.43%
LONG-TERM LIABILITIES
Long-Term Debt $1.604B $1.720B $1.934B
YoY Change -35.99% -24.79% -24.89%
Other Long-Term Liabilities $30.00M $38.00M $35.00M
YoY Change -44.44% -35.59% -36.36%
Total Long-Term Liabilities $1.634B $1.758B $1.969B
YoY Change -36.17% -25.06% -25.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.972B $1.703B $1.586B
Total Long-Term Liabilities $1.634B $1.758B $1.969B
Total Liabilities $3.605B $3.461B $3.556B
YoY Change -14.18% -16.01% -30.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.275B -$1.049B -$1.024B
YoY Change 20.01% 0.06% -5.54%
Common Stock $3.616B $3.615B $3.615B
YoY Change 0.02% 0.02% 0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.332B $3.567B $3.628B
YoY Change
Total Liabilities & Shareholders Equity $6.936B $7.028B $7.184B
YoY Change -10.42% -6.77% -13.52%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $72.31M $67.37M $143.2M
YoY Change -8.1% -47.4% 251.16%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $85.50M $83.20M $69.70M
YoY Change 35.28% 1.09% -26.55%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $8.700M $74.00M -$246.5M
YoY Change -91.98% -94.51% 532.05%
Cash From Investing Activities $8.700M $74.00M -$246.5M
YoY Change -91.98% -94.51% 532.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -142.0M -199.9M -304.5M
YoY Change 1532.18% -81.64% 330.08%
NET CHANGE
Cash From Operating Activities 85.50M 83.20M 69.70M
Cash From Investing Activities 8.700M 74.00M -246.5M
Cash From Financing Activities -142.0M -199.9M -304.5M
Net Change In Cash -47.80M -42.70M -481.3M
YoY Change -129.33% -112.49% 3130.2%
FREE CASH FLOW
Cash From Operating Activities $85.50M $83.20M $69.70M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
40811000
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
691000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
68107000
CY2013 cim Interest Received During Period
InterestReceivedDuringPeriod
437533000
CY2013 cim Realized Losses On Nonagency Residential Mortgagebacked Securities Reported In Net Income
RealizedLossesOnNonagencyResidentialMortgagebackedSecuritiesReportedInNetIncome
18316000
CY2013 cim Investment Management Fees Affiliate Recoveries
InvestmentManagementFeesAffiliateRecoveries
6788000
CY2013 cim Other Gains Losses
OtherGainsLosses
32170000
CY2013 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
25952000
CY2013 cim Noncash Investing Activities Receivable For Investments Sold
NoncashInvestingActivitiesReceivableForInvestmentsSold
253541000
CY2013 cim Common Shares Issued Under Direct Purchase And Dividend Reinvestment Plan
CommonSharesIssuedUnderDirectPurchaseAndDividendReinvestmentPlan
0 shares
CY2013 cim Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.08
CY2013 cim Common Stock Equity Distribution Agreement Shares Sold In Period
CommonStockEquityDistributionAgreementSharesSoldInPeriod
0 shares
CY2013 cim Provision Recoveries For Loan Losses
ProvisionRecoveriesForLoanLosses
-1799000
CY2013 cim Management Fees Paid To Related Party
ManagementFeesPaidToRelatedParty
27969000
CY2013 cim Other Expenses Not Reflected In Net Investment Income Loss
OtherExpensesNotReflectedInNetInvestmentIncomeLoss
34099000
CY2013 cim Investment Management Fees Affiliate Net
InvestmentManagementFeesAffiliateNet
19164000
CY2013 cim Proceeds From Securities Sold Under Agreements To Repurchase Financing Activities
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
7879361000
CY2013 cim Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
297904000
CY2013 cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
414690000
CY2013 cim Increase Decrease In Investment Management Fees Payable To Affiliate
IncreaseDecreaseInInvestmentManagementFeesPayableToAffiliate
-2017000
CY2013 cim Principal Payments On Securities Sold Under Agreements To Repurchase Financing Activities
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
7748825000
CY2014 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.
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
CHIMERA INVESTMENT CORP
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Trading Symbol
TradingSymbol
CIM
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
293372 shares
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
182777000
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"> (p) Use of Estimates</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">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), residential mortgage loans (Note 4), securitized debt (Note7) and derivative instruments (Notes 5 and 9). Actual results could differ materially from those estimates.</font></div> </div>
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1027543847 shares
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001409493
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2014 us-gaap Nature Of Common Ownership Or Management Control Relationships
NatureOfCommonOwnershipOrManagementControlRelationships
FIDAC is a wholly-owned subsidiary of Annaly
CY2014 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">At December 31, 2014 and 2013, the repurchase agreements collateralized by RMBS had the following remaining maturities.</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"> <div align="center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0" cellpadding="0" width="55%"> <tr> <td valign="bottom" width="54%">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: center" valign="bottom" width="21%" colspan="2"> <div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">December 31, 2014</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: center" valign="bottom" width="21%" colspan="2"> <div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">December 31, 2013</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="54%">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="44%" colspan="6"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(dollars in thousands)</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr> <td valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Overnight</font></div> </td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1-29 days</font></div> </td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2,652,717</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">644,332</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr bgcolor="white"> <td valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">30 to 59 days</font></div> </td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,371,856</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">606,945</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">60 to 89 days</font></div> </td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">656,915</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr bgcolor="white"> <td valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">90 to 119 days</font></div> </td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2,068,740</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td valign="bottom" width="1%" align="right">&#xA0;</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="TEXT-ALIGN: right" valign="bottom" width="20%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">129,049</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Greater than or equal to 120 days</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,705,153</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">278,235</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> <tr bgcolor="white"> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="54%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Total</font></div> </td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right">&#xA0;</td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">8,455,381</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right">&#xA0;</td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,658,561</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap">&#xA0;</td> </tr> </table> </div> </div> </div>
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
63992000
CY2014 us-gaap Interest Paid Net
InterestPaidNet
111020000
CY2014 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
91709000
CY2014 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-186348000
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1027250475 shares
CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-103496000
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
341313000
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
540010000
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-82852000
CY2014 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
193534000
CY2014 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
953000
CY2014 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
72569000
CY2014 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
774350000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
55877000
CY2014 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
589205000
CY2014 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
47846000
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-16471000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
589207000
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
575276000
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
37570000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
645082000
CY2014 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2014 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
5200000000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
589205000
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
687795000
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
134113000
CY2014 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
186462000
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2184000
CY2014 us-gaap Interest Expense
InterestExpense
147785000
CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2607000
CY2014 us-gaap Accretion Expense
AccretionExpense
8945000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
86991000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
369855000
CY2014 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
25213000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5682772000
CY2014 us-gaap Impairment Of Investments
ImpairmentOfInvestments
8713000
CY2014 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
956000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5778558000
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
63992000
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
78236000
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31805000
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
55279000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
608000
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
94382000
CY2014 us-gaap Proceeds From Securitizations Of Loans Held For Investment
ProceedsFromSecuritizationsOfLoansHeldForInvestment
43981000
CY2014 cim Interest Received During Period
InterestReceivedDuringPeriod
577123000
CY2014 cim Identification Of Company Manager
IdentificationOfCompanyManager
Fixed Income Discount Advisory Company
CY2014 cim Investment Management Fees Affiliate Recoveries
InvestmentManagementFeesAffiliateRecoveries
8936000
CY2014 cim Minimum Percentage Net Income Loss Distributed To Qualify As Real Estate Investment Trust
MinimumPercentageNetIncomeLossDistributedToQualifyAsRealEstateInvestmentTrust
0.90 pure
CY2014 cim Other Gains Losses
OtherGainsLosses
144557000
CY2014 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
32514000
CY2014 cim Common Stock Equity Distribution Agreement Date
CommonStockEquityDistributionAgreementDate
2011-01-28
CY2014 cim Noncash Investing Activities Receivable For Investments Sold
NoncashInvestingActivitiesReceivableForInvestmentsSold
1572056000
CY2014 cim Common Shares Issued Under Direct Purchase And Dividend Reinvestment Plan
CommonSharesIssuedUnderDirectPurchaseAndDividendReinvestmentPlan
0 shares
CY2014 cim Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.22
CY2014 cim Common Stock Equity Distribution Agreement Shares Sold In Period
CommonStockEquityDistributionAgreementSharesSoldInPeriod
0 shares
CY2014 cim Provision Recoveries For Loan Losses
ProvisionRecoveriesForLoanLosses
-232000
CY2014 cim Management Fees Paid To Related Party
ManagementFeesPaidToRelatedParty
27815000
CY2014 cim Other Expenses Not Reflected In Net Investment Income Loss
OtherExpensesNotReflectedInNetInvestmentIncomeLoss
31368000
CY2014 cim Proceeds From Payments To Settle Derivative Instruments
ProceedsFromPaymentsToSettleDerivativeInstruments
-6923000
CY2012 cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
481464000
CY2014 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")
CY2014 cim Investment Management Fees Affiliate Net
InvestmentManagementFeesAffiliateNet
23578000
CY2014 cim Noncash Investing Activities Payable For Investments Purchased
NoncashInvestingActivitiesPayableForInvestmentsPurchased
1845282000
CY2014 cim Proceeds From Securities Sold Under Agreements To Repurchase Financing Activities
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
27128227000
CY2014 cim Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
92483000
CY2014 cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
185369000
CY2014 cim Increase Decrease In Investment Management Fees Payable To Affiliate
IncreaseDecreaseInInvestmentManagementFeesPayableToAffiliate
4699000
CY2014 cim Principal Payments On Securities Sold Under Agreements To Repurchase Financing Activities
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
20331406000
CY2014 cim Realized Gain Loss On Settlement Of Derivative Instruments
RealizedGainLossOnSettlementOfDerivativeInstruments
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