2012 Q2 Form 10-Q Financial Statement

#000110465912054501 Filed on August 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $125.5M $132.1M
YoY Change -4.98% 49.11%
Cost Of Revenue $78.80M $2.700M
YoY Change 2818.52%
Gross Profit $57.70M $129.4M
YoY Change -55.41% 46.05%
Gross Profit Margin 45.96% 97.95%
Selling, General & Admin $8.400M $8.000M
YoY Change 5.0% 19.4%
% of Gross Profit 14.56% 6.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $400.0K
YoY Change 125.0% 300.0%
% of Gross Profit 1.56% 0.31%
Operating Expenses -$27.80M $42.50M
YoY Change -165.41% 0.0%
Operating Profit $85.50M $86.90M
YoY Change -1.61% 88.5%
Interest Expense $42.69M $37.20M
YoY Change 14.77% 416.6%
% of Operating Profit 49.93% 42.8%
Other Income/Expense, Net $400.0K
YoY Change 0.0%
Pretax Income $74.80M $79.30M
YoY Change -5.67% 64.18%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $74.77M $79.29M
YoY Change -5.7% 64.15%
Net Earnings / Revenue 59.56% 60.02%
Basic Earnings Per Share
Diluted Earnings Per Share $207.1K $223.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $593.0M $503.0M
YoY Change 17.89% -5.45%
Cash & Equivalents $593.4M $503.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $638.0M $550.0M
YoY Change 16.0% -3.0%
LONG-TERM ASSETS
Property, Plant & Equipment $11.00M
YoY Change 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.20B $11.26B
YoY Change 8.37% 41.64%
Other Assets $9.000M $23.00M
YoY Change -60.87% -46.51%
Total Long-Term Assets $12.25B $11.38B
YoY Change 7.71% 40.16%
TOTAL ASSETS
Total Short-Term Assets $638.0M $550.0M
Total Long-Term Assets $12.25B $11.38B
Total Assets $12.89B $11.93B
YoY Change 8.09% 37.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $13.00M $8.000M
YoY Change 62.5% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $9.330B $8.932B
YoY Change 4.46% 42.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.526B $9.030B
YoY Change 5.49% 43.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $610.0M $141.0M
YoY Change 332.62% -18.97%
Total Long-Term Liabilities $610.0M $141.0M
YoY Change 332.62% -18.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.526B $9.030B
Total Long-Term Liabilities $610.0M $141.0M
Total Liabilities $10.14B $9.171B
YoY Change 10.52% 42.05%
SHAREHOLDERS EQUITY
Retained Earnings -$256.3M
YoY Change
Common Stock $3.569M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.756B $2.756B
YoY Change
Total Liabilities & Shareholders Equity $12.89B $11.93B
YoY Change 8.09% 37.34%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $74.77M $79.29M
YoY Change -5.7% 64.15%
Depreciation, Depletion And Amortization $900.0K $400.0K
YoY Change 125.0% 300.0%
Cash From Operating Activities $80.80M $95.50M
YoY Change -15.39% 58.9%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$500.0K
YoY Change -60.0%
Acquisitions
YoY Change
Other Investing Activities -$201.1M -$508.3M
YoY Change -60.44% 10.28%
Cash From Investing Activities -$201.2M -$508.8M
YoY Change -60.46% 10.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 339.3M 287.1M
YoY Change 18.18% 75.38%
NET CHANGE
Cash From Operating Activities 80.80M 95.50M
Cash From Investing Activities -201.2M -508.8M
Cash From Financing Activities 339.3M 287.1M
Net Change In Cash 218.9M -126.2M
YoY Change -273.45% -46.77%
FREE CASH FLOW
Cash From Operating Activities $80.80M $95.50M
Capital Expenditures -$200.0K -$500.0K
Free Cash Flow $81.00M $96.00M
YoY Change -15.63% 59.73%

Facts In Submission

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6421000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4290000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-392000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2581000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1956000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
160734000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
157553000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1222662000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1061032000 USD
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
71103000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
1603202000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
3643387000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
301000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1027000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-309738000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2583382000 USD
mfa Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
31191396000 USD
mfa Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
27834730000 USD
mfa Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
31746644000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
150360000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
348358000 USD
mfa Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
29666014000 USD
mfa Proceeds From Issuance Of Securitized Debt
ProceedsFromIssuanceOfSecuritizedDebt
186691000 USD
mfa Proceeds From Issuance Of Securitized Debt
ProceedsFromIssuanceOfSecuritizedDebt
963255000 USD
mfa Payments On Securitized Debt
PaymentsOnSecuritizedDebt
200956000 USD
mfa Payments On Securitized Debt
PaymentsOnSecuritizedDebt
122148000 USD
mfa Payments For Resecuritization Related Costs
PaymentsForResecuritizationRelatedCosts
1814000 USD
mfa Payments For Resecuritization Related Costs
PaymentsForResecuritizationRelatedCosts
6981000 USD
mfa Principal Payments On Linked Transactions
PrincipalPaymentsOnLinkedTransactions
439243000 USD
mfa Principal Payments On Linked Transactions
PrincipalPaymentsOnLinkedTransactions
1595158000 USD
mfa Proceeds From Linked Transactions
ProceedsFromLinkedTransactions
328515000 USD
mfa Proceeds From Linked Transactions
ProceedsFromLinkedTransactions
1043911000 USD
mfa Payments Made For Margin Calls On Repurchase Agreements And Derivatives
PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives
2390000 USD
mfa Payments Made For Margin Calls On Repurchase Agreements And Derivatives
PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives
5800000 USD
mfa Proceeds From Margin Calls On Repurchase Agreements And Derivatives
ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives
8890000 USD
mfa Proceeds From Margin Calls On Repurchase Agreements And Derivatives
ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives
25414000 USD
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
915000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3795000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
605392000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4080000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4080000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
182883000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2583814000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
199354000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
157985000 USD
mfa Mortgage Backed Securities Recorded Upon De Linking
MortgageBackedSecuritiesRecordedUponDeLinking
158379000 USD
mfa Mortgage Backed Securities Recorded Upon De Linking
MortgageBackedSecuritiesRecordedUponDeLinking
715998000 USD
mfa Repurchase Agreement Recorded Upon De Linking
RepurchaseAgreementRecordedUponDeLinking
46698000 USD
mfa Securities Obtained As Collateral
SecuritiesObtainedAsCollateral
206506000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
345243000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
503228000 USD
mfa Percentage Of Annual Reit Taxable Income Distributable To Stockholders Minimum
PercentageOfAnnualREITTaxableIncomeDistributableToStockholdersMinimum
0.90 pure
mfa Cash Equivalents Maturity Period Maximum
CashEquivalentsMaturityPeriodMaximum
3
CY2011 mfa Ownership Interest In Real Estate Property Held For Sale
OwnershipInterestInRealEstatePropertyHeldForSale
1.00 pure
CY2011Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
191 Unit

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