2012 Form 10-K Financial Statement

#000119312513087882 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2012 2011 Q4 2011 Q3
Revenue $566.8M $137.5M $138.3M
YoY Change 25.01% 170.14% 283.1%
Cost Of Revenue $273.1M $63.70M $58.30M
YoY Change 50.47% 368.38% 434.86%
Gross Profit $293.8M $73.90M $80.00M
YoY Change 8.05% 98.12% 217.46%
Gross Profit Margin 51.83% 53.75% 57.85%
Selling, General & Admin $4.000M $1.000M $800.0K
YoY Change 2.56% -16.67% -11.11%
% of Gross Profit 1.36% 1.35% 1.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $39.68M $9.650M $8.714M
YoY Change 31.76% 704.17% 868.22%
Operating Profit $254.1M $64.25M $71.29M
YoY Change 5.1% 77.98% 193.36%
Interest Expense $237.4M $3.600M $50.45M
YoY Change 52.93% -23.4% 1341.49%
% of Operating Profit 93.42% 5.6% 70.77%
Other Income/Expense, Net
YoY Change
Pretax Income $342.8M $76.50M $82.20M
YoY Change 19.53% 87.04% 197.83%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $339.9M $75.59M $81.08M
YoY Change 20.56% 91.85% 209.48%
Net Earnings / Revenue 59.97% 54.97% 58.63%
Basic Earnings Per Share $2.89
Diluted Earnings Per Share $2.89 $555.9K $666.9K
COMMON SHARES
Basic Shares Outstanding 115.6M shares 103.0M shares
Diluted Shares Outstanding 117.0M shares 104.5M shares

Balance Sheet

Concept 2012 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $286.0M $197.0M $57.00M
YoY Change 45.18% 207.81% 185.0%
Cash & Equivalents $286.0M $197.2M $56.91M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $286.0M $197.0M $57.00M
YoY Change 45.18% 207.81% 185.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $18.51B $68.79M $14.45B
YoY Change 29.57% -98.78% 473.56%
Other Assets $0.00 $74.00M $255.0M
YoY Change -100.0% -26.73% 537.5%
Total Long-Term Assets $18.63B $14.58B $15.19B
YoY Change 27.81% 151.38% 490.44%
TOTAL ASSETS
Total Short-Term Assets $286.0M $197.0M $57.00M
Total Long-Term Assets $18.63B $14.58B $15.19B
Total Assets $18.92B $14.77B $15.25B
YoY Change 28.05% 152.0% 488.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.00M $116.0M $649.0M
YoY Change -37.07% -69.15% 1000.0%
Accrued Expenses $15.00M $12.00M $11.00M
YoY Change 25.0% 300.0% 450.0%
Deferred Revenue
YoY Change
Short-Term Debt $15.72B $12.25B $12.18B
YoY Change 28.3% 182.0% 596.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.89B $12.46B $12.29B
YoY Change 27.53% 183.18% 568.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $436.0M $397.0M $389.0M
YoY Change 9.82% 944.74% 745.65%
Total Long-Term Liabilities $436.0M $397.0M $389.0M
YoY Change 9.82% 944.74% 96.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.89B $12.46B $12.29B
Total Long-Term Liabilities $436.0M $397.0M $389.0M
Total Liabilities $16.36B $12.85B $13.35B
YoY Change 27.0% 165.43% 545.86%
SHAREHOLDERS EQUITY
Retained Earnings -$15.07M
YoY Change
Common Stock $2.301B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.558B $1.892B $1.899B
YoY Change
Total Liabilities & Shareholders Equity $18.92B $14.77B $15.25B
YoY Change 28.05% 152.0% 488.08%

Cashflow Statement

Concept 2012 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $339.9M $75.59M $81.08M
YoY Change 20.56% 91.85% 209.48%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $427.5M $103.0M $86.60M
YoY Change 39.98% 256.4% 341.84%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $10.00M -$492.4M -$2.484B
YoY Change -100.11% -82.63% 4168.21%
Cash From Investing Activities -$3.680B -$492.4M -$2.484B
YoY Change -59.77% -82.63% 4168.21%
FINANCING ACTIVITIES
Cash Dividend Paid -$5.395M
YoY Change
Common Stock Issuance & Retirement, Net -$16.32M
YoY Change -101.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.342B 529.7M 2.454B
YoY Change -62.77% -81.41% 5634.58%
NET CHANGE
Cash From Operating Activities $427.5M 103.0M 86.60M
Cash From Investing Activities -$3.680B -492.4M -2.484B
Cash From Financing Activities $3.342B 529.7M 2.454B
Net Change In Cash $89.25M 140.3M 56.90M
YoY Change -33.23% 225.52% 1254.76%
FREE CASH FLOW
Cash From Operating Activities $427.5M $103.0M $86.60M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2010 us-gaap Share Based Compensation
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CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2010 us-gaap Profit Loss
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CY2010 us-gaap Increase Decrease In Due To Affiliates Current
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CY2010 us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Declared
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CY2010 us-gaap Common Stock Dividends Per Share Declared
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CY2010 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2010 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
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CY2010 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
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CY2010 us-gaap Payments Of Dividends Common Stock
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CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2010 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
510000
CY2010 us-gaap Related Party Transaction Amounts Of Transaction
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CY2010 us-gaap Dividends Common Stock Cash
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CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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CY2010 us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Paid
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CY2010 us-gaap Increase Decrease In Interest Payable Net
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1981000
CY2010 us-gaap Interest Income Expense Net
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CY2010 us-gaap Payment Of Financing And Stock Issuance Costs
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CY2010 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
3456000
CY2010 us-gaap Operating Expenses
OperatingExpenses
12093000
CY2010 us-gaap Increase Decrease In Accrued Interest Receivable Net
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18985000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26039000 shares
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2010 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4973000
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
105000
CY2010 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
7399000
CY2010 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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510000
CY2010 us-gaap Interest Paid
InterestPaid
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CY2010 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
20545015000
CY2010 us-gaap Net Income Loss
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CY2010 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
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5063798000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
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98399000
CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
18526000
CY2010 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
134229000
CY2010 us-gaap Unrealized Gain Loss On Derivatives
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CY2010 us-gaap Interest Expense
InterestExpense
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CY2010 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
18526000
CY2010 ivr Net Change In Equity Investments
NetChangeInEquityInvestments
1130000
CY2010 ivr Net Change In Restricted Cash
NetChangeInRestrictedCash
5948000
CY2010 ivr Contributions Distributions In Equity Method Investee
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43451000
CY2010 ivr Realized And Unrealized Credit Default Swap Income
RealizedAndUnrealizedCreditDefaultSwapIncome
13000
CY2010 ivr Investment Income Net Amortization Of Premium And Accretion Of Discount
InvestmentIncomeNetAmortizationOfPremiumAndAccretionOfDiscount
7399000
CY2010 ivr Amortization Of Equity Based Compensation Shares
AmortizationOfEquityBasedCompensationShares
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CY2010 ivr Investment Related Payable
InvestmentRelatedPayable
11050000
CY2010 ivr Mortgage Backed Securities Coupon Interest
MortgageBackedSecuritiesCouponInterest
126830000
CY2010 ivr Net Change In Unrealized Gain On Available For Sale Securities And Derivatives
NetChangeInUnrealizedGainOnAvailableForSaleSecuritiesAndDerivatives
17804000
CY2010 ivr Payable For Mortgage Backed Securities Purchased
PayableForMortgageBackedSecuritiesPurchased
363753000
CY2010 ivr Proceeds From Term Asset Backed Securities Loan Facility Financing
ProceedsFromTermAssetBackedSecuritiesLoanFacilityFinancing
71526000
CY2010 ivr Incremental Common Shares Attributable To Operating Partnership Unit
IncrementalCommonSharesAttributableToOperatingPartnershipUnit
1425000 shares
CY2010 ivr Principal Payments Of Term Asset Backed Securities Loan Facility Financing
PrincipalPaymentsOfTermAssetBackedSecuritiesLoanFacilityFinancing
151903000
CY2011 us-gaap Repayments Of Other Short Term Debt
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CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4882000
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2011 us-gaap Minority Interest In Net Income Loss Operating Partnerships
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4900000
CY2011 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
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CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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192000
CY2011 us-gaap Comprehensive Income Net Of Tax
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18804000
CY2011 us-gaap Available For Sale Securities Gross Realized Losses
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205183000
CY2011 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
4300000
CY2011 us-gaap Share Based Compensation
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192000
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ProfitLoss
286797000
CY2011 us-gaap Earnings Per Share Basic And Diluted
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3.27
CY2011 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
5595000
CY2011 us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Declared
DistributionMadeToMemberOrLimitedPartnerCashDistributionsDeclared
900000
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.42
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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305363000
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CY2011 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
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CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-391421000
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1297200000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
133672000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3859000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
288000
CY2011 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
764000
CY2011 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
3115184000
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
267492000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2011 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
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CY2011 us-gaap Dividends Common Stock Cash
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CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
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7500000
CY2011 us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Paid
DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid
5300000
CY2011 us-gaap Increase Decrease In Interest Payable Net
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CY2011 us-gaap Interest Income Expense Net
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298111000
CY2011 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
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CY2011 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
10959000
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OperatingExpenses
30118000
CY2011 us-gaap Increase Decrease In Accrued Interest Receivable Net
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31664000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86365000 shares
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3301000
CY2011 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4874000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2011 us-gaap Available For Sale Securities Gross Realized Gains
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203965000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2011 us-gaap Interest Paid
InterestPaid
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CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
510000
CY2011 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
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CY2011 us-gaap Net Income Loss
NetIncomeLoss
281915000
CY2011 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
13747267000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
281915000
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-137109000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-32485000
CY2011 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
453352000
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2011 us-gaap Interest Expense
InterestExpense
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CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
286797000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-32485000
CY2011 ivr Available For Sale Securities Unamortized Premium
AvailableForSaleSecuritiesUnamortizedPremium
587430000
CY2011 ivr Net Change In Equity Investments
NetChangeInEquityInvestments
-1432000
CY2011 ivr Net Change In Restricted Cash
NetChangeInRestrictedCash
-12223000
CY2011 ivr Contributions Distributions In Equity Method Investee
ContributionsDistributionsInEquityMethodInvestee
9335000
CY2011 ivr Realized And Unrealized Credit Default Swap Income
RealizedAndUnrealizedCreditDefaultSwapIncome
5308000
CY2011 ivr Available For Sale Securities Net Weighted Average Coupon Rate
AvailableForSaleSecuritiesNetWeightedAverageCouponRate
0.0452 pure
CY2011 ivr Unrealized Gain Loss On Credit Default Swap
UnrealizedGainLossOnCreditDefaultSwap
-1339000
CY2011 ivr Investment Income Net Amortization Of Premium And Accretion Of Discount
InvestmentIncomeNetAmortizationOfPremiumAndAccretionOfDiscount
-50110000
CY2011 ivr Amortization Of Equity Based Compensation Shares
AmortizationOfEquityBasedCompensationShares
shares
CY2011 ivr Securities Sold Under Agreements To Repurchase Weighted Average Remaining Maturity
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageRemainingMaturity
P22D
CY2011 ivr Mortgage Backed Securities Coupon Interest
MortgageBackedSecuritiesCouponInterest
503462000
CY2011 ivr Collateral Ratio
CollateralRatio
1.10 pure
CY2011 ivr Net Change In Unrealized Gain On Available For Sale Securities And Derivatives
NetChangeInUnrealizedGainOnAvailableForSaleSecuritiesAndDerivatives
-423906000
CY2011 ivr Payable For Mortgage Backed Securities Purchased
PayableForMortgageBackedSecuritiesPurchased
-431732000
CY2011 ivr Incremental Common Shares Attributable To Operating Partnership Unit
IncrementalCommonSharesAttributableToOperatingPartnershipUnit
1425000 shares
CY2011 ivr Available For Sale Securities Unamortized Premium Discount
AvailableForSaleSecuritiesUnamortizedPremiumDiscount
-299501000
CY2011 ivr Available For Sale Securities Average Yield
AvailableForSaleSecuritiesAverageYield
0.0383 pure
CY2012 dei Trading Symbol
TradingSymbol
IVR
CY2012 dei Entity Registrant Name
EntityRegistrantName
Invesco Mortgage Capital Inc.
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001437071
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
-3900000
CY2012 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
149970390000
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4123000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16316000
CY2012 us-gaap Minority Interest In Net Income Loss Operating Partnerships
MinorityInterestInNetIncomeLossOperatingPartnerships
4100000
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
8767 shares
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
336000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
814217000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2618003000
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
10049000
CY2012 us-gaap Other Income
OtherIncome
54267000
CY2012 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
39368000
CY2012 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
3100000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
336000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
337000
CY2012 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5395000
CY2012 us-gaap Profit Loss
ProfitLoss
344008000
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.89
CY2012 us-gaap Increase Decrease In Due To Affiliates Current
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306000
CY2012 us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Declared
DistributionMadeToMemberOrLimitedPartnerCashDistributionsDeclared
926000
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.60
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
28000 shares
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
427450000
CY2012 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
35658000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3680188000
CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
74496000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-39290000
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
16423000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
89250000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4026000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-83000
CY2012 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
369000
CY2012 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
2851711000
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
306443000
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117012000 shares
CY2012 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
3400000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
300574000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
485653000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3341988000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
42800000
CY2012 us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Paid
DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid
3700000
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2898000
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
329425000
CY2012 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
249000
CY2012 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
48215000
CY2012 us-gaap Operating Expenses
OperatingExpenses
39684000
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
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8810000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7169000
CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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3706000
CY2012 us-gaap Allocated Share Based Compensation Expense
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166000
CY2012 us-gaap Available For Sale Securities Gross Realized Gains
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563093000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-139624000
CY2012 us-gaap Interest Paid
InterestPaid
234507000
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ProceedsFromOtherShortTermDebt
153409971000
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5395000
CY2012 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
10000000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
339885000
CY2012 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
9171750000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
334490000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
829661000
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The accounting and reporting policies of the Company conform to U.S. GAAP. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Examples of estimates include, but are not limited to, estimates of the fair values of financial instruments, interest income on mortgage-backed securities (&#x201C;MBS&#x201D;) and other-than-temporary impairment charges. Actual results may differ from those estimates.</font></p> </div>
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
524943000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
-5395000
CY2012 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
566830000
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4232000
CY2012 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
135362000
CY2012 us-gaap Interest Expense
InterestExpense
237405000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
338613000
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
524943000
CY2012 ivr Capitalized Asset Costs
CapitalizedAssetCosts
28000
CY2012 ivr Available For Sale Securities Unamortized Premium
AvailableForSaleSecuritiesUnamortizedPremium
788716000
CY2012 ivr Components Of Non Agency Rmbs Portfolio By Asset Type
ComponentsOfNonAgencyRmbsPortfolioByAssetType
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The following table summarizes our non-Agency RMBS portfolio by asset type as of December&#xA0;31, 2012 and December&#xA0;31, 2011, respectively:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="92%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="1"><b>$ in thousands</b></font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December&#xA0;31,&#xA0;2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>%&#xA0;of&#xA0;Non-Agency</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December&#xA0;31,&#xA0;2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>%&#xA0;of&#xA0;Non-Agency</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Re-REMIC Senior</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,844,209</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">59.9&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,634,376</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">69.3&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Prime</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">754,161</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">24.5&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">482,113</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">20.4&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Alt-A</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">468,181</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">15.2&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">231,937</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">9.8&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Subprime</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">12,485</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">10,803</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Total Non-Agency</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,079,036</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">100.0&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,359,229</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">100.0&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">%&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2012 ivr Contributions Distributions In Equity Method Investee
ContributionsDistributionsInEquityMethodInvestee
-40661000
CY2012 ivr Realized And Unrealized Credit Default Swap Income
RealizedAndUnrealizedCreditDefaultSwapIncome
3115000
CY2012 ivr Available For Sale Securities Net Weighted Average Coupon Rate
AvailableForSaleSecuritiesNetWeightedAverageCouponRate
0.0417 pure
CY2012 ivr Unrealized Gain Loss On Credit Default Swap
UnrealizedGainLossOnCreditDefaultSwap
-180000
CY2012 ivr Investment Income Net Amortization Of Premium And Accretion Of Discount
InvestmentIncomeNetAmortizationOfPremiumAndAccretionOfDiscount
-139624000
CY2012 ivr Amortization Of Equity Based Compensation Shares
AmortizationOfEquityBasedCompensationShares
shares
CY2012 ivr Investment Related Payable
InvestmentRelatedPayable
-17324000
CY2012 ivr Securities Sold Under Agreements To Repurchase Weighted Average Remaining Maturity
SecuritiesSoldUnderAgreementsToRepurchaseWeightedAverageRemainingMaturity
P17D
CY2012 ivr Mortgage Backed Securities Coupon Interest
MortgageBackedSecuritiesCouponInterest
706454000
CY2012 ivr Payment Of Premiums For Interest Rate Swaption
PaymentOfPremiumsForInterestRateSwaption
8813000
CY2012 ivr Percentage Of Shareholders Equity Per Annum Paid As Management Fees
PercentageOfShareholdersEquityPerAnnumPaidAsManagementFees
0.0150 pure
CY2012 ivr Collateral Ratio
CollateralRatio
1.11 pure
CY2012 ivr Net Change In Unrealized Gain On Available For Sale Securities And Derivatives
NetChangeInUnrealizedGainOnAvailableForSaleSecuritiesAndDerivatives
485652000
CY2012 ivr Payable For Mortgage Backed Securities Purchased
PayableForMortgageBackedSecuritiesPurchased
121056000
CY2012 ivr Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
135362000
CY2012 ivr Incremental Common Shares Attributable To Operating Partnership Unit
IncrementalCommonSharesAttributableToOperatingPartnershipUnit
1425000 shares
CY2012 ivr Hedging Exposure To Variability In Future Cash Flows For Forecasted Transaction Over Period
HedgingExposureToVariabilityInFutureCashFlowsForForecastedTransactionOverPeriod
P126M
CY2012 ivr Available For Sale Securities Unamortized Premium Discount
AvailableForSaleSecuritiesUnamortizedPremiumDiscount
-383738000
CY2012 ivr Repurchase Agreements Not Settled
RepurchaseAgreementsNotSettled
27841000
CY2012 ivr Available For Sale Securities Average Yield
AvailableForSaleSecuritiesAverageYield
0.0330 pure
CY2011Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1452000
CY2011Q1 us-gaap Other Income
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5585000
CY2011Q1 us-gaap Profit Loss
ProfitLoss
53700000
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EarningsPerShareBasicAndDiluted
1.01
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InterestIncomeExpenseNet
52958000
CY2011Q1 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
1200000
CY2011Q1 us-gaap Operating Expenses
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4843000
CY2011Q1 us-gaap Income Loss From Equity Method Investments
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1858000
CY2011Q1 us-gaap Net Income Loss
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52248000
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52248000
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68536000
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-5000
CY2011Q1 ivr Interest Expenses
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15578000
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2532000
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1406000
CY2011Q2 us-gaap Other Income
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6540000
CY2011Q2 us-gaap Profit Loss
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74402000
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0.99
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74773000
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3605000
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6911000
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1873000
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72996000
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72996000
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108980000
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-197000
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34207000
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86675000
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6045000
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1009000
CY2012Q1 us-gaap Net Income Loss
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83082000
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141960000
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-509000
CY2012Q1 ivr Interest Expenses
InterestExpenses
55285000
CY2012Q1 ivr Realized And Unrealized Credit Default Swap Income
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657000
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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973000
CY2012Q2 us-gaap Other Income
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7216000
CY2012Q2 us-gaap Profit Loss
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0.68
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CY2012Q2 us-gaap Operating Expenses
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9726000
CY2012Q2 us-gaap Income Loss From Equity Method Investments
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1961000
CY2012Q2 us-gaap Net Income Loss
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78821000
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78821000
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139004000
CY2012Q2 us-gaap Unrealized Gain Loss On Derivatives
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-1533000
CY2012Q2 ivr Interest Expenses
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56700000
CY2012Q2 ivr Realized And Unrealized Credit Default Swap Income
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690000
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1090000
CY2011Q3 us-gaap Other Income
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3049000
CY2011Q3 us-gaap Profit Loss
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82174000
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0.79
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87839000
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3637000
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CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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81084000
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138291000
CY2011Q3 us-gaap Unrealized Gain Loss On Derivatives
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-453000
CY2011Q3 ivr Interest Expenses
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50452000
CY2011Q3 ivr Realized And Unrealized Credit Default Swap Income
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858000
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1026000
CY2012Q3 us-gaap Other Income
OtherIncome
16638000
CY2012Q3 us-gaap Profit Loss
ProfitLoss
86776000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.72
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
80150000
CY2012Q3 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
12836000
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
10012000
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3262000
CY2012Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2682000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
85750000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
83068000
CY2012Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
140477000
CY2012Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-808000
CY2012Q3 ivr Interest Expenses
InterestExpenses
60327000
CY2012Q3 ivr Realized And Unrealized Credit Default Swap Income
RealizedAndUnrealizedCreditDefaultSwapIncome
1348000
CY2011Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
934000
CY2011Q4 us-gaap Other Income
OtherIncome
3630000
CY2011Q4 us-gaap Profit Loss
ProfitLoss
76521000
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.66
CY2011Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
82541000
CY2011Q4 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
2517000
CY2011Q4 us-gaap Operating Expenses
OperatingExpenses
9650000
CY2011Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
563000
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
75587000
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75587000
CY2011Q4 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
137545000
CY2011Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-109000
CY2011Q4 ivr Interest Expenses
InterestExpenses
55004000
CY2011Q4 ivr Realized And Unrealized Credit Default Swap Income
RealizedAndUnrealizedCreditDefaultSwapIncome
659000
CY2012Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1098000
CY2012Q4 us-gaap Other Income
OtherIncome
23211000
CY2012Q4 us-gaap Profit Loss
ProfitLoss
93330000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.77
CY2012Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
80296000
CY2012Q4 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
23236000
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
10177000
CY2012Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
937000
CY2012Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2713000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
92232000
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
89519000
CY2012Q4 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
145389000
CY2012Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1382000
CY2012Q4 ivr Interest Expenses
InterestExpenses
65093000
CY2012Q4 ivr Realized And Unrealized Credit Default Swap Income
RealizedAndUnrealizedCreditDefaultSwapIncome
420000

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