2016 Q2 Form 10-Q Financial Statement

#000105516016000125 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q1
Revenue $114.5M $117.4M $129.9M
YoY Change -7.65% -9.64% 7.24%
Cost Of Revenue $47.70M $47.60M $43.90M
YoY Change 11.45% 8.43% 7.33%
Gross Profit $93.80M $92.50M $94.80M
YoY Change 2.74% -2.43% 9.34%
Gross Profit Margin 81.92% 78.78% 72.96%
Selling, General & Admin $11.90M $11.30M $10.20M
YoY Change 6.25% 10.78% 0.99%
% of Gross Profit 12.69% 12.22% 10.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $300.0K $100.0K
YoY Change 50.0% 200.0% -66.67%
% of Gross Profit 0.32% 0.32% 0.11%
Operating Expenses $14.90M $14.50M $12.20M
YoY Change 14.62% 18.85% 16.19%
Operating Profit $78.90M $78.00M $82.60M
YoY Change 0.77% -5.57% 8.4%
Interest Expense $47.72M $47.60M $43.94M
YoY Change 11.37% 8.33% 7.38%
% of Operating Profit 60.48% 61.03% 53.2%
Other Income/Expense, Net $26.00K
YoY Change -106.25%
Pretax Income $79.00M $78.10M $82.20M
YoY Change 1.15% -4.99% 7.87%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $78.95M $78.07M $82.17M
YoY Change 1.13% -4.99% 7.86%
Net Earnings / Revenue 68.95% 66.49% 63.24%
Basic Earnings Per Share
Diluted Earnings Per Share $208.3K $210.6K $221.5K
COMMON SHARES
Basic Shares Outstanding 371.1M shares 371.1M shares 370.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $183.0M $146.0M $169.0M
YoY Change -16.06% -13.61% -38.55%
Cash & Equivalents $182.8M $146.2M $168.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $183.0M $146.0M $202.0M
YoY Change -26.51% -27.72% -35.26%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $7.200M $7.189M $7.189M
YoY Change 0.15% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $12.27B $12.40B $13.55B
YoY Change -7.51% -8.49% 9.95%
Other Assets $143.0M $124.0M $93.00M
YoY Change 110.29% 33.33% 257.69%
Total Long-Term Assets $12.64B $12.70B $13.70B
YoY Change -5.68% -7.31% 9.76%
TOTAL ASSETS
Total Short-Term Assets $183.0M $146.0M $202.0M
Total Long-Term Assets $12.64B $12.70B $13.70B
Total Assets $12.83B $12.84B $13.90B
YoY Change -6.06% -7.61% 8.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $12.00M
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $9.038B $9.144B $9.810B
YoY Change -6.2% -6.79% 13.99%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.038B $9.144B $9.897B
YoY Change -7.05% -7.61% 13.78%
LONG-TERM LIABILITIES
Long-Term Debt $97.00M $109.0M $191.0M
YoY Change -40.12% -42.93% -51.4%
Other Long-Term Liabilities $745.0M $731.0M $606.0M
YoY Change 19.39% 20.63% 21.69%
Total Long-Term Liabilities $842.0M $840.0M $797.0M
YoY Change 7.12% 5.4% -10.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.038B $9.144B $9.897B
Total Long-Term Liabilities $842.0M $840.0M $797.0M
Total Liabilities $9.880B $9.983B $10.69B
YoY Change -5.99% -6.65% 11.53%
SHAREHOLDERS EQUITY
Retained Earnings -$571.7M -$572.4M -$569.0M
YoY Change 0.47% 0.6% -0.63%
Common Stock $3.710M $3.710M $3.701M
YoY Change 0.22% 0.24% 1.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.948B $2.862B $3.208B
YoY Change
Total Liabilities & Shareholders Equity $12.83B $12.84B $13.90B
YoY Change -6.06% -7.61% 8.67%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $78.95M $78.07M $82.17M
YoY Change 1.13% -4.99% 7.86%
Depreciation, Depletion And Amortization $300.0K $300.0K $100.0K
YoY Change 50.0% 200.0% -66.67%
Cash From Operating Activities -$2.900M $39.00M $51.25M
YoY Change -104.17% -23.9% 6.18%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$100.0K -$200.0K
YoY Change 0.0% -50.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities $265.0M $336.8M $47.50M
YoY Change 6.64% 609.05% -110.93%
Cash From Investing Activities $264.9M $336.7M $47.32M
YoY Change 6.6% 611.55% -110.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $306.0K $312.0K
YoY Change -1.92% -95.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -225.4M -$394.5M -$112.3M
YoY Change -15.93% 251.31% -217.48%
NET CHANGE
Cash From Operating Activities -2.900M $39.00M $51.25M
Cash From Investing Activities 264.9M $336.7M $47.32M
Cash From Financing Activities -225.4M -$394.5M -$112.3M
Net Change In Cash 36.60M -$18.77M -$13.72M
YoY Change -26.65% 36.81% -95.28%
FREE CASH FLOW
Cash From Operating Activities -$2.900M $39.00M $51.25M
Capital Expenditures -$100.0K -$100.0K -$200.0K
Free Cash Flow -$2.800M $39.10M $51.45M
YoY Change -104.02% -24.0% 6.37%

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Assets
13162551000 USD
CY2016Q1 us-gaap Assets
Assets
12844441000 USD
CY2015Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
11356643000 USD
CY2016Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
10861443000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
656956000 USD
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
582745000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
585027000 USD
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
530388000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
71929000 USD
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
52357000 USD
CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
10771616000 USD
CY2016Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
10331055000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
23856000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
52357000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
4531848000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
28501000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
2784300000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
1747548000 USD
CY2016Q1 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
217 Security
CY2015Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
6435000 USD
CY2016Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
9745000 USD
CY2016Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
247 Security
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
182437000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
168717000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
165007000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
146236000 USD
CY2015Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
175271000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-13720000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-18771000 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
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
229408000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
3468000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
4436000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
26840000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
58509000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
13357000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
28663000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
-1433000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
64000 USD
CY2015Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue
623276000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue
647360000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Cash Flows Expected To Be Collected At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition
65442000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Cash Flows Expected To Be Collected At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition
170429000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Consumer At Acquisition At Fair Value
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodConsumerAtAcquisitionAtFairValue
38602000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Consumer At Acquisition At Fair Value
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodConsumerAtAcquisitionAtFairValue
111920000 USD
CY2015Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Contractually Required Payments Receivable At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition
78799000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Contractually Required Payments Receivable At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition
199092000 USD
CY2015Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet
271845000 USD
CY2016Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet
376235000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
886950000 shares
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
886950000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
370584000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
370977000 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
370584000 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
370977000 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
3706000 USD
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
3710000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
86548000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-27371000 USD
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
12202000 USD
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
14459000 USD
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
115000 USD
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
272000 USD
CY2015Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2016Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
1127000 USD
CY2016Q1 us-gaap Derivative Assets
DerivativeAssets
152000 USD
CY2015Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2016Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2015Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
1127000 USD
CY2016Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
152000 USD
CY2015Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
70526000 USD
CY2016Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
118264000 USD
CY2015Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2016Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
629000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1127000 USD
CY2016Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
152000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
1127000 USD
CY2016Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
152000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2016Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
70526000 USD
CY2016Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
118893000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 USD
CY2016Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 USD
CY2015Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
70526000 USD
CY2016Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
118893000 USD
CY2015Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2016Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2015Q4 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
38600000 USD
CY2016Q1 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
36900000 USD
CY2015Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
9459428000 USD
CY2016Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
9263416000 USD
CY2015Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2016Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2015Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2016Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2015Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
71491000 USD
CY2016Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
123676000 USD
CY2015Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
9387937000 USD
CY2016Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
9139740000 USD
CY2015Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
9459428000 USD
CY2016Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
9263416000 USD
CY2015Q1 us-gaap Dividends Common Stock
DividendsCommonStock
74072000 USD
CY2016Q1 us-gaap Dividends Common Stock
DividendsCommonStock
74215000 USD
CY2015Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
74581000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
74575000 USD
CY2016Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
74583000 USD
CY2015Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3750000 USD
CY2016Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3750000 USD
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.21
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
CY2016Q1 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Weighted Average Interest Rate
FederalHomeLoanBankAdvancesBranchOfFHLBBankWeightedAverageInterestRate
0.0055
CY2016Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
1193000000 USD
CY2016Q1 us-gaap Federal Home Loan Bank Advances Maturity Period Variable Rate
FederalHomeLoanBankAdvancesMaturityPeriodVariableRate
P4Y6M18D
CY2015Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-26000 USD
CY2016Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
509000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
7189000 USD
CY2016Q1 us-gaap Goodwill
Goodwill
7189000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13910000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6259000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4693000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3798000 USD
CY2015Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
129942000 USD
CY2016Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
117477000 USD
CY2015Q1 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
3591000 USD
CY2016Q1 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
4496000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
43940000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
47600000 USD
CY2015Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2758000 USD
CY2016Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2205000 USD
CY2015Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
27000 USD
CY2016Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
140000 USD
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
86002000 USD
CY2016Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
69877000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
16949000 USD
CY2016Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13402000 USD
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
29002000 USD
CY2016Q1 us-gaap Interest Receivable
InterestReceivable
29126000 USD
CY2015Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
11703896000 USD
CY2016Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
11211339000 USD
CY2015Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6746000 USD
CY2016Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7407000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
10195290000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
9982795000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13162551000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12844441000 USD
CY2015Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
93692000 USD
CY2016Q1 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
200854000 USD
CY2015Q1 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
395000 USD
CY2016Q1 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
0 USD
CY2016Q1 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
1
CY2015Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
120400000 USD
CY2016Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
129300000 USD
CY2015 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
3143 loan
CY2016Q1 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
3086 loan
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-112288000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-394481000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
47321000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
336711000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51247000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38999000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
82173000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
78070000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78423000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74320000 USD
CY2015Q1 us-gaap Noninterest Income
NoninterestIncome
8780000 USD
CY2016Q1 us-gaap Noninterest Income
NoninterestIncome
22652000 USD
CY2015Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
182 property
CY2016Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
270 property
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2015Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
507443000 USD
CY2016Q1 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
513409000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
166799000 USD
CY2016Q1 us-gaap Other Assets
OtherAssets
176082000 USD
CY2015Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
32205000 USD
CY2016Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-56099000 USD
CY2014Q4 us-gaap Other Comprehensive Income Cumulative Effect Of Change In Accounting Principle Net Of Taxes
OtherComprehensiveIncomeCumulativeEffectOfChangeInAccountingPrincipleNetOfTaxes
4500000 USD
CY2015Q1 us-gaap Other Comprehensive Income Cumulative Effect Of Change In Accounting Principle Net Of Taxes
OtherComprehensiveIncomeCumulativeEffectOfChangeInAccountingPrincipleNetOfTaxes
4537000 USD
CY2016Q1 us-gaap Other Comprehensive Income Cumulative Effect Of Change In Accounting Principle Net Of Taxes
OtherComprehensiveIncomeCumulativeEffectOfChangeInAccountingPrincipleNetOfTaxes
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-32367000 USD
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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;">15</font><font style="font-family:inherit;font-size:10pt;">)</font></div></div>

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