2011 Q4 Form 10-K Financial Statement

#000115752313001038 Filed on February 26, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $656.1M $2.772M -$77.00K
YoY Change -58.37% -99.19% -100.07%
Cost Of Revenue $130.1M $353.3M $113.3M
YoY Change -57.2% 16.75% -59.56%
Gross Profit $526.0M -$841.2M $190.8M
YoY Change -58.65% -2224.24% -213.03%
Gross Profit Margin 80.17% -30346.32%
Selling, General & Admin $63.10M $65.20M $57.20M
YoY Change 35.7% 50.23% 37.83%
% of Gross Profit 12.0% 29.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $1.000M $1.000M
YoY Change -100.0% 0.0%
% of Gross Profit 0.0% 0.52%
Operating Expenses $63.10M $65.20M $57.20M
YoY Change 35.7% 50.23% 37.5%
Operating Profit $462.9M -$906.4M $133.6M
YoY Change -62.23% 23752.63% -163.5%
Interest Expense $130.1M $121.4M $113.3M
YoY Change
% of Operating Profit 28.11% 84.82%
Other Income/Expense, Net -$191.6M -$1.651B -$652.9M
YoY Change
Pretax Income $462.9M -$906.4M $133.6M
YoY Change -62.24% 23140.92% -163.52%
Income Tax $17.30M $15.42M $12.76M
% Of Pretax Income 3.74% 9.55%
Net Earnings $445.6M -$921.8M $120.8M
YoY Change -63.43% 6437.68% -155.37%
Net Earnings / Revenue 67.91% -33254.44%
Basic Earnings Per Share $0.46 -$0.98 $0.14
Diluted Earnings Per Share $0.44 -$0.98 $0.14
COMMON SHARES
Basic Shares Outstanding 948.5M shares 822.6M shares
Diluted Shares Outstanding 948.5M shares 827.8M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $994.0M $3.474B $402.0M
YoY Change 251.24% 1102.08% 22.56%
Cash & Equivalents $994.2M $3.474B $401.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $23.00M $426.0M $64.00M
Other Receivables $409.0M $411.0M $386.0M
Total Short-Term Assets $1.426B $4.311B $852.0M
YoY Change 78.47% 88.25% 14.21%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $42.03M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $108.1B $109.2B $99.63B
YoY Change 31.63% 36.16% 37.08%
Other Assets
YoY Change
Total Long-Term Assets $108.2B $109.3B $99.71B
YoY Change 31.59% 36.15% 37.03%
TOTAL ASSETS
Total Short-Term Assets $1.426B $4.311B $852.0M
Total Long-Term Assets $108.2B $109.3B $99.71B
Total Assets $109.6B $113.6B $100.6B
YoY Change 32.04% 37.59% 36.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $139.0M $128.0M $123.0M
YoY Change 19.83% 12.28% 24.24%
Deferred Revenue
YoY Change
Short-Term Debt $84.90B $87.40B $78.89B
YoY Change 29.13% 42.6% 39.32%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $89.91B $93.97B $84.38B
YoY Change 26.91% 34.25% 36.15%
LONG-TERM LIABILITIES
Long-Term Debt $540.0M $557.0M $600.0M
YoY Change -10.0% -7.17% 0.0%
Other Long-Term Liabilities $3.387B $3.165B $1.606B
YoY Change 102.21% 34.8% 30.04%
Total Long-Term Liabilities $3.927B $3.722B $2.206B
YoY Change 72.62% 26.26% 20.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $89.91B $93.97B $84.38B
Total Long-Term Liabilities $3.927B $3.722B $2.206B
Total Liabilities $93.84B $97.69B $86.59B
YoY Change 28.33% 33.93% 35.69%
SHAREHOLDERS EQUITY
Retained Earnings -$2.504B
YoY Change 280.32%
Common Stock $9.702M
YoY Change 53.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.76B $15.91B $13.93B
YoY Change
Total Liabilities & Shareholders Equity $109.6B $113.6B $100.6B
YoY Change 32.04% 37.59% 36.8%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $445.6M -$921.8M $120.8M
YoY Change -63.43% 6437.68% -155.37%
Depreciation, Depletion And Amortization $0.00 $1.000M $1.000M
YoY Change -100.0% 0.0%
Cash From Operating Activities -$1.628B $1.668B -$2.576B
YoY Change -139.28% 215.31% -158.97%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$53.00M -$8.127B $160.0M
YoY Change -98.79% 48.9% -104.65%
Cash From Investing Activities -$53.00M -$8.127B $160.0M
YoY Change -98.79% 48.9% -104.65%
FINANCING ACTIVITIES
Cash Dividend Paid $544.1M $503.0M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -799.0M 9.531B 2.461B
YoY Change -461.54% 94.83% -263.63%
NET CHANGE
Cash From Operating Activities -1.628B 1.668B -2.576B
Cash From Investing Activities -53.00M -8.127B 160.0M
Cash From Financing Activities -799.0M 9.531B 2.461B
Net Change In Cash -2.480B 3.072B 45.00M
YoY Change 30900.0% -8402.7% -107.79%
FREE CASH FLOW
Cash From Operating Activities -$1.628B $1.668B -$2.576B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2012Q4 nly Net Operating Leases Future Minimum Payments Due Three Years Calendar Year
NetOperatingLeasesFutureMinimumPaymentsDueThreeYearsCalendarYear
159000
CY2012Q4 nly Notional Amount Of Interest Rate Derivatives Gross Unrealized Losses
NotionalAmountOfInterestRateDerivativesGrossUnrealizedLosses
45800000000
CY2012Q4 nly Number Of Quarters Failure To Pay Dividends Preferred Stock Trigger Voting Rights Minimum
NumberOfQuartersFailureToPayDividendsPreferredStockTriggerVotingRightsMinimum
6 pure
CY2012Q4 nly Operating Leases Future Minimum Payments Due One Year Calendar Year
OperatingLeasesFutureMinimumPaymentsDueOneYearCalendarYear
2937000
CY2012Q4 nly Net Operating Leases Future Minimum Payments Due Two Years Calendar Year
NetOperatingLeasesFutureMinimumPaymentsDueTwoYearsCalendarYear
2509000
CY2012Q4 nly Operating Leases Future Minimum Payments Due Three Years Calendar Year
OperatingLeasesFutureMinimumPaymentsDueThreeYearsCalendarYear
159000
CY2012Q4 nly Operating Leases Future Minimum Payments Due Two Years Calendar Year
OperatingLeasesFutureMinimumPaymentsDueTwoYearsCalendarYear
2509000
CY2012Q4 nly Collateral Held On Repurchase Agreements After Effect Of Interest Rate Swaps Fair Value
CollateralHeldOnRepurchaseAgreementsAfterEffectOfInterestRateSwapsFairValue
109200000
CY2012Q4 nly Excess Net Capital
ExcessNetCapital
297600000
CY2012Q4 nly Held To Maturity Securities Corporate Debt
HeldToMaturitySecuritiesCorporateDebt
63944000
CY2012Q4 nly Interest Rate Derivatives Gross Unrealized Gains
InterestRateDerivativesGrossUnrealizedGains
26000000
CY2012Q4 nly Payable For Investment Securities Purchased
PayableForInvestmentSecuritiesPurchased
8256957000
CY2012Q4 nly Pledged Assets Not Separately Reported Us Treasury Securities Available For Sale Or Held For Investment
PledgedAssetsNotSeparatelyReportedUsTreasurySecuritiesAvailableForSaleOrHeldForInvestment
752076000
CY2012Q4 nly Receivable For Investment Securities Sold
ReceivableForInvestmentSecuritiesSold
290722000
CY2012Q4 nly Common Stock Equity Distribution Agreement Shares Authorized For Distribution
CommonStockEquityDistributionAgreementSharesAuthorizedForDistribution
125000000 shares
CY2012Q4 nly Available For Sale Investments With Affiliates
AvailableForSaleInvestmentsWithAffiliates
234120000
CY2012Q4 nly Regulatory Net Capital
RegulatoryNetCapital
297900000
CY2012Q4 nly Ratio Of Votes Required To Materially Change Terms Of Series Preferred Stock
RatioOfVotesRequiredToMateriallyChangeTermsOfSeriesPreferredStock
0.667 pure
CY2012Q4 nly Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
0.0153 pure
CY2012Q4 nly Interest Rate Swaps Weighted Average Pay Rate
InterestRateSwapsWeightedAveragePayRate
0.0221 pure
CY2012Q4 nly Net Operating Leases Future Minimum Payments Due Four Years Calendar Year
NetOperatingLeasesFutureMinimumPaymentsDueFourYearsCalendarYear
26000
CY2012Q4 nly Net Operating Leases Future Minimum Payments Due Thereafter Calendar Year
NetOperatingLeasesFutureMinimumPaymentsDueThereafterCalendarYear
CY2012Q4 nly Notional Amount Of Interest Rate Derivatives Gross Unrealized Gains
NotionalAmountOfInterestRateDerivativesGrossUnrealizedGains
1100000000
CY2012Q4 nly Operating Leases Future Minimum Payments Due Four Years Calendar Year
OperatingLeasesFutureMinimumPaymentsDueFourYearsCalendarYear
26000
CY2012Q4 nly Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals One Year Calendar Year
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsOneYearCalendarYear
60000
CY2012Q4 nly Operating Leases Future Minimum Payments Due Thereafter Calendar Year
OperatingLeasesFutureMinimumPaymentsDueThereafterCalendarYear
CY2012Q4 nly Interest Rate Derivatives Gross Unrealized Losses
InterestRateDerivativesGrossUnrealizedLosses
2600000000
CY2012Q4 nly Trading Securities Debt Us Treasury Securities
TradingSecuritiesDebtUSTreasurySecurities
752076000
CY2012Q4 nly Repurchase Agreements Accrued Interest
RepurchaseAgreementsAccruedInterest
363800000
CY2012Q4 nly Repurchase Agreements Weighted Average Rates
RepurchaseAgreementsWeightedAverageRates
0.0063 pure
CY2012Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
1500000000
CY2010 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
2830000
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-726675000
CY2010 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
27125000
CY2010 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
28600000
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4757000
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
540605000
CY2010 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
181791000
CY2010 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
24529000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10863110000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.04
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1084000
CY2010 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-1053939000
CY2010 us-gaap Profit Loss
ProfitLoss
1267280000
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.65
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.53 pure
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4598000
CY2010 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
2095000
CY2010 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
18033000
CY2010 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
4291430000
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
94899000
CY2010 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3150000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1221942000
CY2010 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
23081000
CY2010 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2649000
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3950000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
625307174 shares
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4600000
CY2010 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1570674000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1299769000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
CY2010 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
-318000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-181791000
CY2010 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
4032426000
CY2010 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
26306000
CY2010 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2254909000
CY2010 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
54424951000
CY2010 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
171600000
CY2010 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
4757000
CY2010 us-gaap Noninterest Expense
NoninterestExpense
171847000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
588192659 shares
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1800000
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2945000
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
36742000
CY2010 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
9262772000
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1760701000
CY2010 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-664429000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-13845753000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
565000 shares
CY2010 us-gaap Asset Management Fees
AssetManagementFees
58073000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
1267280000
CY2010 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-783293000
CY2010 us-gaap Labor And Related Expense
LaborAndRelatedExpense
146958000
CY2010 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
360000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35434000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1249247000
CY2010 us-gaap Interest Income Operating
InterestIncomeOperating
2683134000
CY2010 us-gaap Payments Of Dividends
PaymentsOfDividends
1599339000
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-318832000
CY2010 us-gaap Interest Expense
InterestExpense
428225000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1274020000
CY2010 us-gaap Debt Instrument Convertible Interest Expense
DebtInstrumentConvertibleInterestExpense
24228000
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-639783000
CY2010 nly Interest Received
InterestReceived
3322228000
CY2010 nly Net Proceeds From Direct Purchase And Dividend Reinvestment
NetProceedsFromDirectPurchaseAndDividendReinvestment
278783000
CY2010 nly Payments Of Earn Out Obligations
PaymentsOfEarnOutObligations
14113000
CY2010 nly Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
-3455000
CY2010 nly Net Proceeds From Follow On Offerings
NetProceedsFromFollowOnOfferings
-1047355000
CY2010 nly Mortgage Backed Securities Sold Carrying Value
MortgageBackedSecuritiesSoldCarryingValue
7800000000
CY2010 nly Net Change In Unrealized Gain Loss On Availableforsale Securities And Interest Rate Swaps Net Of Reclassification Adjustment
NetChangeInUnrealizedGainLossOnAvailableforsaleSecuritiesAndInterestRateSwapsNetOfReclassificationAdjustment
-726675000
CY2010 nly Net Proceeds From Issuance Equity Subsequent Offering
NetProceedsFromIssuanceEquitySubsequentOffering
1047354000
CY2010 nly Nonoperating Income Expense Pre Derivative Instruments
NonoperatingIncomeExpensePreDerivativeInstruments
270646000
CY2010 nly Payments To Acquire Corporate Debt
PaymentsToAcquireCorporateDebt
21670000
CY2010 nly Dividend Income From Available For Sale Equity Securities
DividendIncomeFromAvailableForSaleEquitySecurities
31038000
CY2010 nly Interest Income Securities Loaned
InterestIncomeSecuritiesLoaned
3997000
CY2010 nly Interest Income Securities Mortgage Backed And Agency Debentures
InterestIncomeSecuritiesMortgageBackedAndAgencyDebentures
2676307000
CY2010 nly Interest Paid On Repurchase Agreements
InterestPaidOnRepurchaseAgreements
397971000
CY2010 nly Amount Of Dilutive Convertible Preferred Stock Dividends
AmountOfDilutiveConvertiblePreferredStockDividends
3440000
CY2010 nly Amount Of Dilutive Interest On Convertible Debt Net Of Tax
AmountOfDilutiveInterestOnConvertibleDebtNetOfTax
21333000
CY2010 nly Dividends Received
DividendsReceived
30042000
CY2010 nly Interest Expense Securities Borrowed
InterestExpenseSecuritiesBorrowed
3377000
CY2010 nly Payments On Reverse Repo From Broker Dealer
PaymentsOnReverseRepoFromBrokerDealer
88479412000
CY2010 nly Payments On Securities Borrowed
PaymentsOnSecuritiesBorrowed
3111681000
CY2010 nly Payments On Securities Loaned
PaymentsOnSecuritiesLoaned
3042414000
CY2010 nly Proceeds From Repurchase Agreements From Broker Dealer
ProceedsFromRepurchaseAgreementsFromBrokerDealer
1268429168000
CY2010 nly Proceeds From Reverse Repo From Broker Dealer
ProceedsFromReverseRepoFromBrokerDealer
87968002000
CY2010 nly Proceeds From Debt Investments
ProceedsFromDebtInvestments
9331089000
CY2010 nly Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
278784000
CY2010 nly Realized And Unrealized Gain Loss On Sale Of Debt Investments Us Treasury Securities
RealizedAndUnrealizedGainLossOnSaleOfDebtInvestmentsUSTreasurySecurities
-2351000
CY2010 nly Interest Paid Excluding Interest Paid On Interest Rate Swaps
InterestPaidExcludingInterestPaidOnInterestRateSwaps
411608000
CY2010 nly Incremental Common Shares Attributable To Stock Options Conversion Of Preferred Stock And Conversion Of Debt Securities
IncrementalCommonSharesAttributableToStockOptionsConversionOfPreferredStockAndConversionOfDebtSecurities
37114000 shares
CY2010 nly Payments On Debt Investments
PaymentsOnDebtInvestments
9521134000
CY2010 nly Principal Payments On Repurchase Agreements
PrincipalPaymentsOnRepurchaseAgreements
223342427000
CY2010 nly Proceeds From Securities Loaned
ProceedsFromSecuritiesLoaned
3231198000
CY2010 nly Interest Paid Net Interest Rate Derivative
InterestPaidNetInterestRateDerivative
725418000
CY2010 nly Increase Decrease In Advisory And Service Fees Receivable
IncreaseDecreaseInAdvisoryAndServiceFeesReceivable
3606000
CY2010 nly Agency Debentures Called
AgencyDebenturesCalled
2132002000
CY2010 nly Fees Received
FeesReceived
54467000
CY2010 nly Payments On Repurchase Agreements From Broker Dealer
PaymentsOnRepurchaseAgreementsFromBrokerDealer
1258941064000
CY2010 nly Proceeds From Principal Collection Of Mortgage Backed Securities Categorized As Available For Sale
ProceedsFromPrincipalCollectionOfMortgageBackedSecuritiesCategorizedAsAvailableForSale
28961203000
CY2010 nly Proceeds From Repurchase Agreements
ProceedsFromRepurchaseAgreements
224789731000
CY2010 nly Proceeds From Securities Borrowed
ProceedsFromSecuritiesBorrowed
2924082000
CY2010 nly Gain Loss On Realized Interest Rate Swaps
GainLossOnRealizedInterestRateSwaps
-735107000
CY2010 nly Realized And Unrealized Gain Loss On Sale Of Trading Assets
RealizedAndUnrealizedGainLossOnSaleOfTradingAssets
-2351000
CY2011 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
14706000
CY2011 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P103D
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1844346000
CY2011 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
64362000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y9M18D
CY2011 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
44100000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5269000
CY2011 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
9000000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2188807000
CY2011 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-100000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
12.15
CY2011 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
206846000
CY2011 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
31093000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2420063000
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1698000
CY2011 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-2697502000
CY2011 us-gaap Profit Loss
ProfitLoss
344461000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
678920 shares
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.44
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
3750 shares
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.52 pure
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8953000
CY2011 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
5618000
CY2011 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
16854000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
14298000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.19
CY2011 nly Proceeds From Securities Loaned
ProceedsFromSecuritiesLoaned
54126121000
CY2011 nly Interest Paid Net Interest Rate Derivative
InterestPaidNetInterestRateDerivative
876099000
CY2011 nly Increase Decrease In Advisory And Service Fees Receivable
IncreaseDecreaseInAdvisoryAndServiceFeesReceivable
3378000
CY2011 nly Agency Debentures Called
AgencyDebenturesCalled
1124000000
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3600000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
711572000
CY2011 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
7759000
CY2011 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
13081000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3258000
CY2011 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
60087000
CY2011 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M6D
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
874518938 shares
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8953000
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2173222000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
402372000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2011 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
-98000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-206846000
CY2011 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
23199000
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3099292000
CY2011 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
57500000
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
69065069000
CY2011 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
199200000
CY2011 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
5269000
CY2011 us-gaap Noninterest Expense
NoninterestExpense
237344000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
874212039 shares
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1900000
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1140000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61045000
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
19337053000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
23411196000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-794205000
CY2011 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-13965000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-25119687000
CY2011 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3555000
CY2011 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
7550000
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
572000 shares
CY2011 us-gaap Asset Management Fees
AssetManagementFees
79205000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
344461000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2459576000
CY2011 us-gaap Labor And Related Expense
LaborAndRelatedExpense
206251000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
7500 shares
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59051000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
327607000
CY2011 us-gaap Interest Income Operating
InterestIncomeOperating
3579618000
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
2041489000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1815107000
CY2011 us-gaap Interest Expense
InterestExpense
480326000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
327607000
CY2011 us-gaap Debt Instrument Convertible Interest Expense
DebtInstrumentConvertibleInterestExpense
35017000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.67
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2036894000
CY2011 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
67637000
CY2011 nly Interest Received
InterestReceived
4309690000
CY2011 nly Net Proceeds From Direct Purchase And Dividend Reinvestment
NetProceedsFromDirectPurchaseAndDividendReinvestment
455547000
CY2011 nly Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
-7158000
CY2011 nly Net Proceeds From Follow On Offerings
NetProceedsFromFollowOnOfferings
-5351846000
CY2011 nly Mortgage Backed Securities Sold Carrying Value
MortgageBackedSecuritiesSoldCarryingValue
18700000000
CY2011 nly Net Change In Unrealized Gain Loss On Availableforsale Securities And Interest Rate Swaps Net Of Reclassification Adjustment
NetChangeInUnrealizedGainLossOnAvailableforsaleSecuritiesAndInterestRateSwapsNetOfReclassificationAdjustment
1844346000
CY2011 nly Net Proceeds From Issuance Equity Subsequent Offering
NetProceedsFromIssuanceEquitySubsequentOffering
5351846000
CY2011 nly Unrealized Gain Loss On Interest Only Mortgage Backed Securities Mbs
UnrealizedGainLossOnInterestOnlyMortgageBackedSecuritiesMBS
-106657000
CY2011 nly Nonoperating Income Expense Pre Derivative Instruments
NonoperatingIncomeExpensePreDerivativeInstruments
237926000
CY2011 nly Payments To Acquire Corporate Debt
PaymentsToAcquireCorporateDebt
31675000
CY2011 nly Dividend Income From Available For Sale Equity Securities
DividendIncomeFromAvailableForSaleEquitySecurities
31516000
CY2011 nly Interest Income Securities Loaned
InterestIncomeSecuritiesLoaned
6897000
CY2011 nly Interest Income Securities Mortgage Backed And Agency Debentures
InterestIncomeSecuritiesMortgageBackedAndAgencyDebentures
3558015000
CY2011 nly Interest Paid On Repurchase Agreements
InterestPaidOnRepurchaseAgreements
426769000
CY2011 nly Dividends Received
DividendsReceived
31876000
CY2011 nly Interest Expense Securities Borrowed
InterestExpenseSecuritiesBorrowed
5459000
CY2011 nly Payments On Reverse Repo From Broker Dealer
PaymentsOnReverseRepoFromBrokerDealer
156502577000
CY2011 nly Payments On Securities Borrowed
PaymentsOnSecuritiesBorrowed
27973422000
CY2011 nly Payments On Securities Loaned
PaymentsOnSecuritiesLoaned
53539061000
CY2011 nly Proceeds From Repurchase Agreements From Broker Dealer
ProceedsFromRepurchaseAgreementsFromBrokerDealer
877734065000
CY2011 nly Proceeds From Reverse Repo From Broker Dealer
ProceedsFromReverseRepoFromBrokerDealer
156659365000
CY2011 nly Proceeds From Debt Investments
ProceedsFromDebtInvestments
29168074000
CY2011 nly Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
455547000
CY2011 nly Realized And Unrealized Gain Loss On Sale Of Debt Investments Us Treasury Securities
RealizedAndUnrealizedGainLossOnSaleOfDebtInvestmentsUSTreasurySecurities
21398000
CY2011 nly Stock Issued During Period Shares Direct Purchase And Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDirectPurchaseAndDividendReinvestmentPlan
26200000 shares
CY2011 nly Interest Paid Excluding Interest Paid On Interest Rate Swaps
InterestPaidExcludingInterestPaidOnInterestRateSwaps
455873000
CY2011 nly Incremental Common Shares Attributable To Stock Options Conversion Of Preferred Stock And Conversion Of Debt Securities
IncrementalCommonSharesAttributableToStockOptionsConversionOfPreferredStockAndConversionOfDebtSecurities
307000 shares
CY2011 nly Proceeds From Reverse Repo
ProceedsFromReverseRepo
166354000
CY2011 nly Payments On Reverse Repo
PaymentsOnReverseRepo
177845000
CY2011 nly Payments On Debt Investments
PaymentsOnDebtInvestments
28490573000
CY2011 nly Principal Payments On Repurchase Agreements
PrincipalPaymentsOnRepurchaseAgreements
253387283000
CY2011 nly Proceeds From Principal Collection Of Corporate Debt
ProceedsFromPrincipalCollectionOfCorporateDebt
1375000
CY2011 nly Fees Received
FeesReceived
75827000
CY2011 nly Payments On Repurchase Agreements From Broker Dealer
PaymentsOnRepurchaseAgreementsFromBrokerDealer
878806056000
CY2011 nly Proceeds From Principal Collection Of Mortgage Backed Securities Categorized As Available For Sale
ProceedsFromPrincipalCollectionOfMortgageBackedSecuritiesCategorizedAsAvailableForSale
23565709000
CY2011 nly Proceeds From Repurchase Agreements
ProceedsFromRepurchaseAgreements
273023622000
CY2011 nly Proceeds From Securities Borrowed
ProceedsFromSecuritiesBorrowed
27261366000
CY2011 nly Gain Loss On Realized Interest Rate Swaps
GainLossOnRealizedInterestRateSwaps
-882395000
CY2011 nly Realized And Unrealized Gain Loss On Sale Of Trading Assets
RealizedAndUnrealizedGainLossOnSaleOfTradingAssets
21398000
CY2011 nly Payments To Acquire Trading Securities
PaymentsToAcquireTradingSecurities
3990000
CY2011 nly Percentage Of Federal Income Tax Characterized As Long Term Capital
PercentageOfFederalIncomeTaxCharacterizedAsLongTermCapital
0.049 pure
CY2011 nly Percentage Of Federal Income Tax Characterized As Ordinary Income
PercentageOfFederalIncomeTaxCharacterizedAsOrdinaryIncome
0.951 pure
CY2012 dei Trading Symbol
TradingSymbol
NLY
CY2012 dei Entity Registrant Name
EntityRegistrantName
ANNALY CAPITAL MANAGEMENT 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
0001043219
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
617476000
CY2012 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
17222000
CY2012 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P191D
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
44254000
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-162340000
CY2012 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
6151000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y
CY2012 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
22100000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5584000
CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
8400000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1780154000
CY2012 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
432139000
CY2012 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
44857000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7639507000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.71
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.15
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3241000
CY2012 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-928373000
CY2012 us-gaap Profit Loss
ProfitLoss
1735900000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
603169 shares
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.05
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
255901000
CY2012 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic"> Credit Risk</font> &#x2013; The Company has limited its exposure to credit losses on its portfolio of Agency mortgage-backed securities by only purchasing securities issued by Freddie Mac, Fannie Mae or Ginnie Mae and Agency debentures issued by the FHLB, Freddie Mac and Fannie Mae.&#xA0;&#xA0;The payment of principal and interest on the Freddie Mac and Fannie Mae Agency mortgage-backed securities are guaranteed by those respective agencies, and the payment of principal and interest on Ginnie Mae Agency mortgage-backed securities are backed by the full faith and credit of the U.S. government.&#xA0;&#xA0;Principal and interest on Agency debentures are guaranteed by the agency issuing the debenture.&#xA0;&#xA0;Substantially all of the Company&#x2019;s Investment Securities have an actual or implied &#x201C;AAA&#x201D; rating.&#xA0;&#xA0;The Company faces credit risk on the portions of its portfolio which are not Agency mortgage-backed securities and Agency debentures.</font></div>
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.51 pure
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8438000
CY2012 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
39530000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.98
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6965000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-378409000
CY2012 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
32272000
CY2012 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
15114000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9243000
CY2012 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
61725000
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3M
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1005755057 shares
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8438000
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
397050000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1989690000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1771812000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.74
CY2012 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
11717000
CY2012 us-gaap Stockholders Equity Other
StockholdersEquityOther
-5223000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-438511000
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
47931000
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2591973000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2450 shares
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
86161777000
CY2012 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
438500000
CY2012 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
5584000
CY2012 us-gaap Noninterest Expense
NoninterestExpense
235559000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
972902459 shares
CY2012 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-10379000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2500000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M18D
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
52590000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
30542875000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
10675113000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1470801000
CY2012 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
248000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-18693029000
CY2012 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
18017000
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2756000 shares
CY2012 us-gaap Asset Management Fees
AssetManagementFees
82663000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
1735900000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-584602000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
190702000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
7500 shares
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35912000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1696370000
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic"> Use of Estimates -</font> The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#xA0;&#xA0;All assets classified as trading or available-for-sale and interest rate swaps are reported at their estimated fair value, based on market prices.&#xA0;&#xA0;The Company&#x2019;s policy is to obtain fair values from one or more independent sources to compare to internal prices for reasonableness.&#xA0;&#xA0;Actual results could differ from those estimates.</font></div>
CY2012 us-gaap Interest Income Operating
InterestIncomeOperating
3259145000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
2149872000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4080000
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-32219000
CY2012 us-gaap Interest Expense
InterestExpense
667172000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1724213000
CY2012 us-gaap Debt Instrument Convertible Interest Expense
DebtInstrumentConvertibleInterestExpense
67221000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.11
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
482765000
CY2012 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
61725000
CY2012 nly Interest Received
InterestReceived
4718524000
CY2012 nly Net Proceeds From Direct Purchase And Dividend Reinvestment
NetProceedsFromDirectPurchaseAndDividendReinvestment
2794000
CY2012 nly Payments Of Earn Out Obligations
PaymentsOfEarnOutObligations
13387000
CY2012 nly Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
-10173000
CY2012 nly Mortgage Backed Securities Sold Carrying Value
MortgageBackedSecuritiesSoldCarryingValue
30400000000
CY2012 nly Net Change In Unrealized Gain Loss On Availableforsale Securities And Interest Rate Swaps Net Of Reclassification Adjustment
NetChangeInUnrealizedGainLossOnAvailableforsaleSecuritiesAndInterestRateSwapsNetOfReclassificationAdjustment
44254000
CY2012 nly Net Proceeds From Issuance Equity Subsequent Offering
NetProceedsFromIssuanceEquitySubsequentOffering
-248000
CY2012 nly Unrealized Gain Loss On Interest Only Mortgage Backed Securities Mbs
UnrealizedGainLossOnInterestOnlyMortgageBackedSecuritiesMBS
-59937000
CY2012 nly Nonoperating Income Expense Pre Derivative Instruments
NonoperatingIncomeExpensePreDerivativeInstruments
343771000
CY2012 nly Payments To Acquire Corporate Debt
PaymentsToAcquireCorporateDebt
81090000
CY2012 nly Dividend Income From Available For Sale Equity Securities
DividendIncomeFromAvailableForSaleEquitySecurities
28336000
CY2012 nly Interest Income Securities Loaned
InterestIncomeSecuritiesLoaned
9903000
CY2012 nly Interest Income Securities Mortgage Backed And Agency Debentures
InterestIncomeSecuritiesMortgageBackedAndAgencyDebentures
3232020000
CY2012 nly Interest Paid On Repurchase Agreements
InterestPaidOnRepurchaseAgreements
577243000
CY2012 nly Amount Of Dilutive Interest On Convertible Debt Net Of Tax
AmountOfDilutiveInterestOnConvertibleDebtNetOfTax
27843000
CY2012 nly Dividends Received
DividendsReceived
29522000
CY2012 nly Interest Expense Securities Borrowed
InterestExpenseSecuritiesBorrowed
7594000
CY2012 nly Payments On Reverse Repo From Broker Dealer
PaymentsOnReverseRepoFromBrokerDealer
402805044000
CY2012 nly Payments On Securities Borrowed
PaymentsOnSecuritiesBorrowed
75593708000
CY2012 nly Payments On Securities Loaned
PaymentsOnSecuritiesLoaned
184654177000
CY2012 nly Proceeds From Repurchase Agreements From Broker Dealer
ProceedsFromRepurchaseAgreementsFromBrokerDealer
733739097000
CY2012 nly Proceeds From Reverse Repo From Broker Dealer
ProceedsFromReverseRepoFromBrokerDealer
401926011000
CY2012 nly Proceeds From Sale Of Marketable Securities Equity Securities
ProceedsFromSaleOfMarketableSecuritiesEquitySecurities
4048000
CY2012 nly Proceeds From Debt Investments
ProceedsFromDebtInvestments
64028348000
CY2012 nly Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
2794000
CY2012 nly Realized And Unrealized Gain Loss On Sale Of Debt Investments Us Treasury Securities
RealizedAndUnrealizedGainLossOnSaleOfDebtInvestmentsUSTreasurySecurities
22910000
CY2012 nly Stock Issued During Period Shares Direct Purchase And Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDirectPurchaseAndDividendReinvestmentPlan
170000 shares
CY2012 nly Common Stock Equity Distribution Agreement Description
CommonStockEquityDistributionAgreementDescription
On March 19, 2012, we entered into six separate Distribution Agency Agreements (or Distribution Agency Agreements) with each of Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RCap Securities, Inc. (together, the Agents).
CY2012 nly Common Stock Equity Distribution Agreement Date
CommonStockEquityDistributionAgreementDate
March 19, 2012
CY2012 nly Interest Paid Excluding Interest Paid On Interest Rate Swaps
InterestPaidExcludingInterestPaidOnInterestRateSwaps
595152000
CY2012 nly Incremental Common Shares Attributable To Stock Options Conversion Of Preferred Stock And Conversion Of Debt Securities
IncrementalCommonSharesAttributableToStockOptionsConversionOfPreferredStockAndConversionOfDebtSecurities
32853000 shares
CY2012 nly Proceeds From Reverse Repo
ProceedsFromReverseRepo
680525000
CY2012 nly Payments On Reverse Repo
PaymentsOnReverseRepo
751721000
CY2012 nly Payments On Debt Investments
PaymentsOnDebtInvestments
64746420000
CY2012 nly Principal Payments On Repurchase Agreements
PrincipalPaymentsOnRepurchaseAgreements
340273744000
CY2012 nly Proceeds From Principal Collection Of Corporate Debt
ProceedsFromPrincipalCollectionOfCorporateDebt
4247000
CY2012 nly Proceeds From Securities Loaned
ProceedsFromSecuritiesLoaned
185657591000
CY2012 nly Interest Paid Net Interest Rate Derivative
InterestPaidNetInterestRateDerivative
892656000
CY2012 nly Increase Decrease In Advisory And Service Fees Receivable
IncreaseDecreaseInAdvisoryAndServiceFeesReceivable
-1820000
CY2012 nly Agency Debentures Called
AgencyDebenturesCalled
1801283000
CY2012 nly Fees Received
FeesReceived
84483000
CY2012 nly Payments On Repurchase Agreements From Broker Dealer
PaymentsOnRepurchaseAgreementsFromBrokerDealer
727275192000
CY2012 nly Proceeds From Principal Collection Of Mortgage Backed Securities Categorized As Available For Sale
ProceedsFromPrincipalCollectionOfMortgageBackedSecuritiesCategorizedAsAvailableForSale
35133544000
CY2012 nly Proceeds From Repurchase Agreements
ProceedsFromRepurchaseAgreements
352497651000
CY2012 nly Proceeds From Securities Borrowed
ProceedsFromSecuritiesBorrowed
74361498000
CY2012 nly Gain Loss On Realized Interest Rate Swaps
GainLossOnRealizedInterestRateSwaps
-893769000
CY2012 nly Gain Loss On Termination Of Interest Rate Swaps
GainLossOnTerminationOfInterestRateSwaps
-2385000
CY2012 nly Realized And Unrealized Gain Loss On Sale Of Trading Assets
RealizedAndUnrealizedGainLossOnSaleOfTradingAssets
20525000
CY2012 nly Open Tax Years
OpenTaxYears
2009, 2010 and 2011
CY2012 nly Proceeds From Corporate Debt Called
ProceedsFromCorporateDebtCalled
67649000
CY2012 nly Extinguishment Of Convertible Debt
ExtinguishmentOfConvertibleDebt
53558000
CY2012 nly Increase Decrease In Receivable From Prime Broker
IncreaseDecreaseInReceivableFromPrimeBroker
-3272000
CY2012 nly Payment On Disposal Of Subsidiary
PaymentOnDisposalOfSubsidiary
800000
CY2012 nly Percentage Of Federal Income Tax Characterized As Long Term Capital
PercentageOfFederalIncomeTaxCharacterizedAsLongTermCapital
0.107 pure
CY2012 nly Percentage Of Federal Income Tax Characterized As Ordinary Income
PercentageOfFederalIncomeTaxCharacterizedAsOrdinaryIncome
0.893 pure
CY2012 nly Noncash Component Of Disposal Of Subsidiary
NoncashComponentOfDisposalOfSubsidiary
1177000
CY2011Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
86250000 shares
CY2011Q1 nly Net Proceeds From Follow On Offerings
NetProceedsFromFollowOnOfferings
1500000000
CY2011Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
86250000 shares
CY2011Q1 nly Net Proceeds From Follow On Offerings
NetProceedsFromFollowOnOfferings
1500000000
CY2011Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
138000000 shares
CY2011Q3 nly Net Proceeds From Follow On Offerings
NetProceedsFromFollowOnOfferings
2400000000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2011Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4267000
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
712330000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2011Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
728592000
CY2011Q1 us-gaap Noninterest Expense
NoninterestExpense
51827000
CY2011Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1140000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
699895000
CY2011Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
35565000
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13575000
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
695628000
CY2011Q1 us-gaap Interest Income Operating
InterestIncomeOperating
844048000
CY2011Q1 us-gaap Interest Expense
InterestExpense
115456000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2011Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4267000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
133579000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
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InterestExpense
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