2015 Q3 Form 10-Q Financial Statement

#000105516015000089 Filed on August 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $119.7M $124.0M $119.3M
YoY Change 6.73% 3.94% -1.14%
Cost Of Revenue $43.70M $42.80M $40.60M
YoY Change 10.91% 5.42% 5.45%
Gross Profit $92.50M $91.30M $90.40M
YoY Change 3.58% 1.0% 4.75%
Gross Profit Margin 77.27% 73.63% 75.78%
Selling, General & Admin $10.00M $11.20M $11.20M
YoY Change 2.04% 0.0% 3.7%
% of Gross Profit 10.81% 12.27% 12.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $200.0K $400.0K
YoY Change 50.0% -50.0% -63.64%
% of Gross Profit 0.32% 0.22% 0.44%
Operating Expenses $13.00M $13.00M $11.70M
YoY Change 25.0% 11.11% 8.33%
Operating Profit $79.50M $78.30M $78.70M
YoY Change 0.76% -0.51% 4.24%
Interest Expense $43.70M $42.85M $40.57M
YoY Change 11.04% 5.62% 5.43%
% of Operating Profit 54.97% 54.72% 51.55%
Other Income/Expense, Net
YoY Change
Pretax Income $79.50M $78.10M $78.70M
YoY Change 0.76% -0.76% 4.24%
Income Tax
% Of Pretax Income
Net Earnings $79.51M $78.07M $78.73M
YoY Change 0.8% -0.83% 4.31%
Net Earnings / Revenue 66.42% 62.96% 65.99%
Basic Earnings Per Share
Diluted Earnings Per Share $213.6K $211.0K $213.6K
COMMON SHARES
Basic Shares Outstanding 370.4M shares 370.4M shares 366.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.0M $218.0M $344.0M
YoY Change -58.96% -36.63% -23.21%
Cash & Equivalents $174.2M $218.5M $343.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $204.0M $249.0M $379.0M
YoY Change -55.26% -34.3% -22.49%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $7.189M $7.189M $7.189M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $12.98B $13.27B $12.00B
YoY Change 14.08% 10.61% -5.08%
Other Assets $110.0M $68.00M $54.00M
YoY Change 150.0% 25.93% 1700.0%
Total Long-Term Assets $13.18B $13.41B $12.27B
YoY Change 11.82% 9.24% -3.43%
TOTAL ASSETS
Total Short-Term Assets $204.0M $249.0M $379.0M
Total Long-Term Assets $13.18B $13.41B $12.27B
Total Assets $13.38B $13.65B $12.65B
YoY Change 9.32% 7.94% -4.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.00M $14.00M $11.00M
YoY Change 25.0% 27.27% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $9.476B $9.635B $8.384B
YoY Change 16.61% 14.92% -5.89%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.566B $9.724B $8.469B
YoY Change 16.49% 14.82% -6.26%
LONG-TERM LIABILITIES
Long-Term Debt $132.0M $162.0M $314.0M
YoY Change -48.44% -48.41% -42.28%
Other Long-Term Liabilities $635.0M $624.0M $592.0M
YoY Change 21.88% 5.41% 30.68%
Total Long-Term Liabilities $767.0M $786.0M $906.0M
YoY Change -1.29% -13.25% -9.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.566B $9.724B $8.469B
Total Long-Term Liabilities $767.0M $786.0M $906.0M
Total Liabilities $10.33B $10.51B $9.376B
YoY Change 14.95% 12.09% -6.55%
SHAREHOLDERS EQUITY
Retained Earnings -$567.6M -$569.1M -$571.4M
YoY Change -0.43% -0.41% 24.88%
Common Stock $3.702M $3.702M $3.675M
YoY Change 0.41% 0.73% 1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.052B $3.146B $3.275B
YoY Change
Total Liabilities & Shareholders Equity $13.38B $13.65B $12.65B
YoY Change 9.32% 7.94% -4.14%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $79.51M $78.07M $78.73M
YoY Change 0.8% -0.83% 4.31%
Depreciation, Depletion And Amortization $300.0K $200.0K $400.0K
YoY Change 50.0% -50.0% -63.64%
Cash From Operating Activities $38.50M $69.50M $66.70M
YoY Change -38.4% 4.2% -4.71%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$100.0K -$100.0K
YoY Change 300.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $203.0M $248.5M $456.0M
YoY Change -58.04% -45.5% 362.01%
Cash From Investing Activities $202.1M $248.5M $455.7M
YoY Change -58.22% -45.47% 361.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -285.0M -268.1M -453.5M
YoY Change -38.84% -40.88% 40.79%
NET CHANGE
Cash From Operating Activities 38.50M 69.50M 66.70M
Cash From Investing Activities 202.1M 248.5M 455.7M
Cash From Financing Activities -285.0M -268.1M -453.5M
Net Change In Cash -44.40M 49.90M 68.90M
YoY Change -155.36% -27.58% -144.92%
FREE CASH FLOW
Cash From Operating Activities $38.50M $69.50M $66.70M
Capital Expenditures -$800.0K -$100.0K -$100.0K
Free Cash Flow $39.30M $69.60M $66.80M
YoY Change -37.32% 4.19% -4.57%

Facts In Submission

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CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
CY2014Q4 us-gaap Assets
Assets
12354744000 USD
CY2015Q2 us-gaap Assets
Assets
13654883000 USD
CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
10762622000 USD
CY2015Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
12342274000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
852963000 USD
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
799247000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
813515000 USD
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
759661000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39448000 USD
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39586000 USD
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
9949107000 USD
CY2015Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
11582613000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
26496000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
39586000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
3000712000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
13090000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
1714759000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
1285953000 USD
CY2015Q2 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
139 Security
CY2014Q2 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
7852000 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
11423000 USD
CY2015Q2 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
7617000 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
14052000 USD
CY2015Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
188 Security
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
565370000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
343719000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
182437000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
218492000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-221651000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
36055000 USD
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
133012000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
154951000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
155574000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
3965000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
7433000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
4440000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
31280000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
3795000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
17152000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
148000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
-1285000 USD
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue
143472000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue
183861000 USD
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet
207923000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet
245402000 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
886950000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
886950000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
370084000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
370196000 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
370084000 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
370196000 shares
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
3701000 USD
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
3702000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
137574000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
268252000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13823000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
100371000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
11683000 USD
us-gaap Costs And Expenses
CostsAndExpenses
22154000 USD
CY2015Q2 us-gaap Costs And Expenses
CostsAndExpenses
12941000 USD
us-gaap Costs And Expenses
CostsAndExpenses
25143000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
657000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
332000 USD
CY2014Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2015Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2014Q4 us-gaap Derivative Assets
DerivativeAssets
3136000 USD
CY2015Q2 us-gaap Derivative Assets
DerivativeAssets
849000 USD
CY2014Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2015Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2014Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
3136000 USD
CY2015Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
849000 USD
CY2014Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
62198000 USD
CY2015Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
65420000 USD
CY2014Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2015Q2 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3136000 USD
CY2015Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
849000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
3136000 USD
CY2015Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
849000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2015Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
62198000 USD
CY2015Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
65420000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 USD
CY2015Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 USD
CY2014Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
62198000 USD
CY2015Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
65420000 USD
CY2014Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2015Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2014Q4 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
57200000 USD
CY2015Q2 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
44600000 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
8329586000 USD
CY2015Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
9700456000 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2015Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2015Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
62967000 USD
CY2015Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
66144000 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
8266619000 USD
CY2015Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
9634312000 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
8329586000 USD
CY2015Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
9700456000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
146907000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
148153000 USD
CY2015Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
74600000 USD
CY2014Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
74104000 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
74529000 USD
CY2015Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
74584000 USD
CY2014Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3750000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
7500000 USD
CY2015Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3750000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
7500000 USD
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.40
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.41
CY2015Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
204000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
231000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
7189000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
7189000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1144000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1258000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
18553000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
23577000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15935000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
20962000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1185000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-699000 USD
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
118642000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
239816000 USD
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
123996000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
253938000 USD
CY2014Q2 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
0 USD
us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
0 USD
CY2015Q2 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
4193000 USD
us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
7784000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
40569000 USD
us-gaap Interest Expense
InterestExpense
81490000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
42849000 USD
us-gaap Interest Expense
InterestExpense
86789000 USD
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1871000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
4056000 USD
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
618000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
1368000 USD
CY2014Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
2008000 USD
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
4015000 USD
CY2015Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
2008000 USD
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
4016000 USD
CY2014Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
36690000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
73419000 USD
CY2015Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
40223000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
81405000 USD
CY2014Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
17000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
43000 USD
CY2015Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
29000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
56000 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
78073000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
158326000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
81147000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
167149000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13095000 USD
CY2015Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13759000 USD
CY2014Q4 us-gaap Interest Receivable
InterestReceivable
32581000 USD
CY2015Q2 us-gaap Interest Receivable
InterestReceivable
31263000 USD
CY2014Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
11039694000 USD
CY2015Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
12603050000 USD
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5901000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
12408000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6531000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
13277000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
9151472000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
10509214000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12354744000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13654883000 USD
CY2014Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
67536000 USD
CY2015Q2 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
66279000 USD
CY2014Q2 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0 USD
us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0 USD
CY2015Q2 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
130000 USD
us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
525000 USD
CY2015Q2 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
1
CY2014Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
168000000 USD
CY2015Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
188300000 USD
CY2014 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
885 loan
us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
1042 loan
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-357861000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-380443000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
21248000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
293733000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
114962000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
122765000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
78726000 USD
us-gaap Net Income Loss
NetIncomeLoss
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MFA Financial,&#160;Inc. (the &#8220;Company&#8221;) was incorporated in Maryland on July&#160;24, 1997 and began operations on April&#160;10, 1998.&#160; The Company has elected to be treated as a real estate investment trust (&#8220;REIT&#8221;) for U.S. federal income tax purposes.&#160; In order to maintain its qualification as a REIT, the Company must comply with a number of requirements under federal tax law, including that it must distribute at least 90% of its annual REIT taxable income to its stockholders.&#160; The Company has elected to treat certain of its subsidiaries as a taxable REIT subsidiary (&#8220;TRS&#8221;). In general, a TRS may hold assets and engage in activities that the Company cannot hold or engage in directly and generally may engage in any real estate or non-real estate related business. (See Notes </font><font style="font-family:inherit;font-size:10pt;">2</font><font style="font-family:inherit;font-size:10pt;">(</font><font style="font-family:inherit;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">) and </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">)</font></div></div>

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