2013 Form 10-K Financial Statement

#000146574014000025 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $555.6M $137.3M $126.3M
YoY Change 22.1% 87.61%
Cost Of Revenue $150.0M $34.30M $29.70M
YoY Change 72.61% 139.86% 147.5%
Gross Profit $698.4M $103.1M $96.60M
YoY Change 89.73% 75.04% 73.43%
Gross Profit Margin 125.7% 75.07% 76.48%
Selling, General & Admin $37.30M
YoY Change 3.32%
% of Gross Profit 5.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $607.0K $54.00K
YoY Change 186.32%
% of Gross Profit 0.09% 0.06%
Operating Expenses $37.20M $6.200M $3.954M
YoY Change 110.43% 100.0% 38.74%
Operating Profit $661.2M $96.90M $92.65M
YoY Change 88.69% 73.66% 75.3%
Interest Expense $100.4M $24.37M $20.74M
YoY Change 39.25% 166.94% 187.38%
% of Operating Profit 15.19% 25.15% 22.39%
Other Income/Expense, Net $292.8M
YoY Change
Pretax Income $659.5M $171.7M $21.64M
YoY Change 168.95% 278.63% -66.18%
Income Tax $84.41M -$10.20M -$7.834M
% Of Pretax Income 12.8% -5.94% -36.2%
Net Earnings $579.0M $189.3M $26.80M
YoY Change 98.36% 268.07% -50.92%
Net Earnings / Revenue 104.21% 137.84% 21.22%
Basic Earnings Per Share $1.65 $0.64 $0.10
Diluted Earnings Per Share $1.65 $0.64 $0.10
COMMON SHARES
Basic Shares Outstanding 350.4M shares 295.5M shares 270.0M shares
Diluted Shares Outstanding 351.0M shares 296.2M shares 270.9M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.025B $821.0M $834.0M
YoY Change 24.85% 128.06% 103.41%
Cash & Equivalents $1.025B $821.1M $833.6M
Short-Term Investments
Other Short-Term Assets $2.000M $1.000M $1.000M
YoY Change 100.0% 0.0%
Inventory
Prepaid Expenses
Receivables $50.00M
Other Receivables $28.00M
Total Short-Term Assets $1.105B $898.0M $869.0M
YoY Change 23.05% -88.21% -89.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.000M $783.0K $569.0K
YoY Change 0.0% 176.68%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $15.11B $15.06B $16.18B
YoY Change 0.3% 107.54% 103.78%
Other Assets $402.0M $347.0M $274.0M
YoY Change 15.85% 100.58% 67.07%
Total Long-Term Assets $16.07B $15.92B $17.00B
YoY Change 0.96% 3201.84% 3518.9%
TOTAL ASSETS
Total Short-Term Assets $1.105B $898.0M $869.0M
Total Long-Term Assets $16.07B $15.92B $17.00B
Total Assets $17.17B $16.81B $17.86B
YoY Change 2.14% 107.57% 102.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $40.00M $13.30M $30.00M
YoY Change 25.0% -11.37% 130.77%
Deferred Revenue
YoY Change
Short-Term Debt $12.25B $12.63B $14.03B
YoY Change -2.97% 89.56% 92.22%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.61B $13.23B $14.34B
YoY Change -4.72% 95.16% 92.07%
LONG-TERM LIABILITIES
Long-Term Debt $640.0M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $29.00M $129.0M $132.0M
YoY Change -77.52% 163.27% 186.96%
Total Long-Term Liabilities $669.0M $129.0M $132.0M
YoY Change 418.6% 163.27% 186.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.61B $13.23B $14.34B
Total Long-Term Liabilities $669.0M $129.0M $132.0M
Total Liabilities $13.32B $13.36B $14.47B
YoY Change -0.33% 95.65% 92.68%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.988M $2.954M
YoY Change 112.52% 110.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.855B $3.451B $3.391B
YoY Change
Total Liabilities & Shareholders Equity $17.17B $16.81B $17.86B
YoY Change 2.14% 107.57% 102.57%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $579.0M $189.3M $26.80M
YoY Change 98.36% 268.07% -50.92%
Depreciation, Depletion And Amortization $607.0K $54.00K
YoY Change 186.32%
Cash From Operating Activities -$456.0M $100.0K $77.80M
YoY Change -381.2% -99.84% 70.61%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $6.404M
YoY Change
Other Investing Activities $514.1M $1.466B -$4.041B
YoY Change -107.44% 151.11% 47.58%
Cash From Investing Activities $514.1M $1.466B -$4.041B
YoY Change -107.44% 151.11% 47.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$739.7M $600.3M
YoY Change -45.72% 22.46%
Debt Paid & Issued, Net $42.49M
YoY Change
Cash From Financing Activities $146.3M -1.478B 4.300B
YoY Change -97.97% 112.19% 47.24%
NET CHANGE
Cash From Operating Activities -$456.0M 100.0K 77.80M
Cash From Investing Activities $514.1M 1.466B -4.041B
Cash From Financing Activities $146.3M -1.478B 4.300B
Net Change In Cash $204.4M -12.50M 336.9M
YoY Change -55.68% -74.95% 47.76%
FREE CASH FLOW
Cash From Operating Activities -$456.0M $100.0K $77.80M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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3861000 USD
CY2011 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2012 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
10641000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
3861000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
0 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
13371000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
138000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
89000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2571000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2730000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2013Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-10-23
CY2011Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-01-20
CY2012Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-10-22
CY2013Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-04-24
CY2012Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-07-20
CY2013Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-12-31
CY2012Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-01-18
CY2011Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2011-04-14
CY2013Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-07-23
CY2011Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2011-10-20
CY2011Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2011-07-20
CY2012Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-04-20
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
165585000 USD
CY2013 us-gaap Dividends Common Stock
DividendsCommonStock
427105000 USD
CY2012 us-gaap Dividends Common Stock
DividendsCommonStock
443417000 USD
CY2013 us-gaap Dividends Common Stock Paidinkind
DividendsCommonStockPaidinkind
343481000 USD
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
164347000 USD
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2011Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
56239000 USD
CY2011Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2011-12-14
CY2012Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2012-03-14
CY2012Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2012-06-12
CY2012Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2012-12-17
CY2013Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-06-18
CY2013Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-09-11
CY2012Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2012-09-12
CY2011Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2011-09-14
CY2013Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-12-17
CY2013Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-03-18
CY2011Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2011-06-14
CY2011Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2011-03-02
CY2012Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-12-31
CY2012Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-06-22
CY2013Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-09-26
CY2011Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2011-12-27
CY2013Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-06-28
CY2011Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2011-09-26
CY2011Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2011-06-24
CY2012Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-03-26
CY2013Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-12-27
CY2013Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-04-02
CY2011Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2011-03-14
CY2012Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-09-24
CY2012Q4 us-gaap Due From Correspondent Brokers
DueFromCorrespondentBrokers
39974000 USD
CY2013Q4 us-gaap Due From Correspondent Brokers
DueFromCorrespondentBrokers
25087000 USD
CY2013Q4 us-gaap Due To Correspondent Brokers
DueToCorrespondentBrokers
318848000 USD
CY2012Q4 us-gaap Due To Correspondent Brokers
DueToCorrespondentBrokers
412861000 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.29
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2013 us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.090
CY2013 us-gaap Fair Value Inputs Prepayment Rate
FairValueInputsPrepaymentRate
0.095
CY2013 us-gaap Fair Value Inputs Probability Of Default
FairValueInputsProbabilityOfDefault
0.040
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
3000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
2900000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
6371000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
16828000 USD
CY2013 us-gaap Fair Value Measurements Valuation Processes Description
FairValueMeasurementsValuationProcessesDescription
Discounted cash flow
CY2011 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
0 USD
CY2012 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
0 USD
CY2013 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
6677000 USD
CY2012Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
0 USD
CY2013 us-gaap Gain Loss On Investments
GainLossOnInvestments
-54430000 USD
CY2012 us-gaap Gain Loss On Investments
GainLossOnInvestments
122466000 USD
CY2011 us-gaap Gain Loss On Investments
GainLossOnInvestments
36520000 USD
CY2011 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
36520000 USD
CY2013 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-54608000 USD
CY2012 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
122466000 USD
CY2012 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
0 USD
CY2011 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
0 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.66
CY2013 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
14204000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14795000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7307000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30433000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
659451000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
126415000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
245197000 USD
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
287416000 USD
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
127521000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
575040000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
387621000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-193599000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
142339000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
238679000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
51846000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
24185000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
29476000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
181909000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.64
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.19
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.29
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.06
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.53
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.47
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.28
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.62
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.64
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.29
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.18
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.53
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.06
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.47
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.66
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3999000 USD
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-89000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4490000 USD
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
735000 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1377000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
871000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1016000 USD
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7391000 USD
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-46000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2674000 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-181000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-42219000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1106000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
84411000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23726000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4964000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49119000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6602000 USD
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7577000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16605000 USD
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10203000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7834000 USD
CY2013Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
-40171000 USD
CY2012Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
48507000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3637000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
991000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-4266000 USD
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
0 USD
CY2012Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4323000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3897000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3898000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
757000 USD
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
7690000 USD
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
19176000 USD
CY2011 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
18054000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
14014000 USD
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6849000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4383000 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-83598000 USD
CY2011 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
5837000 USD
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
37793000 USD
CY2013 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
0 USD
CY2012 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-30208000 USD
CY2011 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
0 USD
CY2012 us-gaap Increase Decrease In Income Taxes Receivable
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Operations</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Two Harbors Investment Corp., or the Company, is a Maryland corporation focused on investing in, financing and managing residential mortgage-backed securities, or RMBS, residential mortgage loans, mortgage servicing rights, or MSR, and other financial assets. The Company is externally managed and advised by PRCM Advisers LLC, or PRCM Advisers, which is a subsidiary of Pine River Capital Management L.P., or Pine River, a global multi-strategy asset management firm. The Company&#8217;s common stock is listed on the NYSE under the symbol &#8220;TWO&#8221;.</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company was incorporated on May 21, 2009 and commenced operations as a publicly traded company on October 28, 2009, upon completion of a merger with Capitol Acquisition Corp., or Capitol, which became a wholly owned indirect subsidiary as a result of the merger.</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected to be treated as a real estate investment trust, or REIT, as defined under the Internal Revenue Code of 1986, as amended, or the Code, for U.S. federal income tax purposes commencing with its initial taxable period ended December 31, 2009. As long as the Company continues to comply with a number of requirements under federal tax law and maintains its qualification as a REIT, the Company generally will not be subject to U.S. federal income taxes to the extent that the Company distributes its taxable income to its stockholders on an annual basis and does not engage in prohibited transactions. However, certain activities that the Company may perform may cause it to earn income which will not be qualifying income for REIT purposes. The Company has designated certain of its subsidiaries as taxable REIT subsidiaries, or TRSs, as defined in the Code, to engage in such activities, and the Company may in the future form additional TRSs. </font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 19, 2012, the Company completed the contribution of its portfolio of single-family rental properties to Silver Bay Realty Trust Corp., or Silver Bay, a newly organized Maryland corporation intended to qualify as a REIT and focused on the acquisition, renovation, leasing and management of single-family residential properties for rental income and long-term capital appreciation. The Company contributed its equity interests in its wholly owned subsidiary, Two Harbors Property Investment LLC, to Silver Bay, and in exchange for its contribution, received shares of common stock of Silver Bay. Silver Bay completed its initial public offering, or IPO, of its common stock on December 19, 2012. Because the Company will not have any significant continuing involvement in Two Harbors Property Investment LLC, all of the associated operating results were removed from continuing operations and are presented separately as discontinued operations for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">years ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">2012</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">2011</font><font style="font-family:inherit;font-size:10pt;">. See Note 4 - </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations</font><font style="font-family:inherit;font-size:10pt;"> for additional information.</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 30, 2013, one of the Company&#8217;s wholly owned subsidiaries acquired a company that has seller-servicer approvals from the Federal National Mortgage Association, or Fannie Mae, the Federal Home Loan Mortgage Corporation, or Freddie Mac, and the Government National Mortgage Association, or Ginnie Mae, to hold and manage MSR. The MSR acquired in conjunction with the acquisition of this entity and those subsequently purchased represent the right to service mortgage loans. The Company and its subsidiaries do not originate or directly service mortgage loans, and instead contract with fully licensed subservicers to handle all servicing functions for the loans underlying the Company&#8217;s MSR. See Note 10 - </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Servicing Activities </font><font style="font-family:inherit;font-size:10pt;">for additional information.</font></div></div>
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10000000 shares
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25000000 shares
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CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
23894000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
3450577000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
3854995000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
-4323000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
757000 USD
CY2012Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 USD
CY2013Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
757000 USD
CY2011 us-gaap Trading Activity Gains And Losses Net
TradingActivityGainsAndLossesNet
-60014000 USD
CY2013 us-gaap Trading Activity Gains And Losses Net
TradingActivityGainsAndLossesNet
320559000 USD
CY2012 us-gaap Trading Activity Gains And Losses Net
TradingActivityGainsAndLossesNet
-198311000 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
1000180000 USD
CY2012Q4 us-gaap Trading Securities
TradingSecurities
1002062000 USD
CY2013Q4 us-gaap Trading Securities Cost
TradingSecuritiesCost
996121000 USD
CY2012Q4 us-gaap Trading Securities Cost
TradingSecuritiesCost
997013000 USD
CY2013 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
3047000 USD
CY2012 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
1697000 USD
CY2011 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
3324000 USD
CY2011 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
3529000 USD
CY2012 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
1996000 USD
CY2013 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-990000 USD
CY2012 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
CY2011 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
CY2013 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
413848000 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
95000 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-7424000 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-542000 USD
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
0 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
644051000 USD
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
0 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
630560 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amount and timing of credit losses, prepayment rates, the period of time during which the Company anticipates an increase in the fair values of real estate securities sufficient to recover unrealized losses in those securities, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported period. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company&#8217;s estimates are inherently subjective in nature and actual results could differ from its estimates and the differences may be material.</font></div></div>
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
796896000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
417405 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
350992387 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
242432156 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98826868 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
242014751 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98826868 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
350361827 shares
CY2012 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
39318 shares
CY2011 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
55620 shares
CY2013 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
619925 shares
CY2013Q4 two Agency To Be Announced Securities Categoized As Level1 Assets Liabilities
AgencyToBeAnnouncedSecuritiesCategoizedAsLevel1AssetsLiabilities
1.00
CY2013Q4 two Assets Reported At Fair Value Available For Sale Securities
AssetsReportedAtFairValueAvailableForSaleSecurities
0.783
CY2013Q4 two Assets Reported At Fair Value Trading Securities
AssetsReportedAtFairValueTradingSecurities
0.064
CY2013Q4 two Assets Sold Under Agreements To Repurchase Weighted Average Borrowing Rate Excluding Us Treasuries And Interest Rate Swaps
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageBorrowingRateExcludingUSTreasuriesAndInterestRateSwaps
0.0075
CY2012Q4 two Assets Sold Under Agreements To Repurchase Weighted Average Borrowing Rate Excluding Us Treasuries And Interest Rate Swaps
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageBorrowingRateExcludingUSTreasuriesAndInterestRateSwaps
0.0076
CY2013Q4 two Assets Sold Under Agreements To Repurchase Weighted Average Remaining Maturity Excluding Us Treasuries And Interest Rate Swaps
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageRemainingMaturityExcludingUSTreasuriesAndInterestRateSwaps
72
CY2012Q4 two Assets Sold Under Agreements To Repurchase Weighted Average Remaining Maturity Excluding Us Treasuries And Interest Rate Swaps
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageRemainingMaturityExcludingUSTreasuriesAndInterestRateSwaps
85
CY2012Q4 two Assetsthat Continuetobe Recognized Securitizedor Assetbacked Financing Arrangement Assetsandany Other Financial Assets Managed Together Numberof Loans
AssetsthatContinuetobeRecognizedSecuritizedorAssetbackedFinancingArrangementAssetsandanyOtherFinancialAssetsManagedTogetherNumberofLoans
71
CY2013Q4 two Assetsthat Continuetobe Recognized Securitizedor Assetbacked Financing Arrangement Assetsandany Other Financial Assets Managed Together Numberof Loans
AssetsthatContinuetobeRecognizedSecuritizedorAssetbackedFinancingArrangementAssetsandanyOtherFinancialAssetsManagedTogetherNumberofLoans
213868
CY2013Q4 two At Market Offering Number Of Shares Authorized To Be Sold
AtMarketOfferingNumberOfSharesAuthorizedToBeSold
20000000 shares
CY2013Q4 two Avaialble For Sale Securities Categorized As Level2 Assets
AvaialbleForSaleSecuritiesCategorizedAsLevel2Assets
1.000
CY2013Q4 two Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerUnrealizedLosses
81393000 USD
CY2012Q4 two Available For Sale Securities Interest Only
AvailableForSaleSecuritiesInterestOnly
77342000 USD
CY2011 two Available For Sale Securities Gross Realized Gains Losses Amortized Cost Sold
AvailableForSaleSecuritiesGrossRealizedGainsLossesAmortizedCostSold
1016961000 USD
CY2012 two Available For Sale Securities Gross Realized Gains Losses Amortized Cost Sold
AvailableForSaleSecuritiesGrossRealizedGainsLossesAmortizedCostSold
3298689000 USD
CY2012Q4 two Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerUnrealizedLosses
9628000 USD
CY2013Q4 two Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsUnrealizedLosses
171651000 USD
CY2012Q4 two Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsUnrealizedLosses
18610000 USD
CY2012Q4 two Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsNumberOfPositions
250
CY2013Q4 two Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsNumberOfPositions
447
CY2013Q4 two Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerNumberOfPositions
114
CY2012Q4 two Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerNumberOfPositions
47
CY2013Q4 two Available For Sale Securities Continuous Unrealized Loss Position Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionUnrealizedLosses
253044000 USD
CY2012Q4 two Available For Sale Securities Continuous Unrealized Loss Position Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionUnrealizedLosses
28238000 USD
CY2013 two Available For Sale Securities Gross Realized Gains Losses Amortized Cost Sold
AvailableForSaleSecuritiesGrossRealizedGainsLossesAmortizedCostSold
4497205000 USD
CY2013Q4 two Available For Sale Securities Interest Only
AvailableForSaleSecuritiesInterestOnly
75575000 USD
CY2013Q4 two Available For Sale Securities Number Of Positions
AvailableForSaleSecuritiesNumberOfPositions
1431
CY2012Q4 two Available For Sale Securities Number Of Positions
AvailableForSaleSecuritiesNumberOfPositions
1493
CY2013Q4 two Available For Sale Securities Weighted Average Cumulative Losses
AvailableForSaleSecuritiesWeightedAverageCumulativeLosses
0.099
CY2013Q4 two Available For Sale Securities Weighted Average Fico Score
AvailableForSaleSecuritiesWeightedAverageFicoScore
668
CY2013Q4 two Available For Sale Securities Weighted Average Three Month Prepayment Speed
AvailableForSaleSecuritiesWeightedAverageThreeMonthPrepaymentSpeed
0.046
CY2012Q4 two Availableforsale Securities Continuous Unrealized Loss Position Lessthan Twelve Months Percent Agency
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthanTwelveMonthsPercentAgency
0.958
CY2013Q4 two Availableforsale Securities Continuous Unrealized Loss Position Lessthan Twelve Months Percent Agency
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthanTwelveMonthsPercentAgency
0.969
CY2013 two Cashless Warrants Exercised During Period
CashlessWarrantsExercisedDuringPeriod
100000 shares
CY2013Q4 two Collateralized Borrowings In Securitization Trust Categorized As Level2 Liabilities
CollateralizedBorrowingsInSecuritizationTrustCategorizedAsLevel2Liabilities
1.000
CY2013Q1 two Common Stock Shares Issued Pursuant To Underwriters Over Allotments
CommonStockSharesIssuedPursuantToUnderwritersOverAllotments
7500000 shares
CY2011 two Contribution Of Cash To Silver Bay
ContributionOfCashToSilverBay
0 USD
CY2012 two Contribution Of Cash To Silver Bay
ContributionOfCashToSilverBay
995000 USD
CY2013 two Contribution Of Cash To Silver Bay
ContributionOfCashToSilverBay
0 USD
CY2013 two Depreciationof Investmentsin Real Estate
DepreciationofInvestmentsinRealEstate
0 USD
CY2012 two Depreciationof Investmentsin Real Estate
DepreciationofInvestmentsinRealEstate
1520000 USD
CY2011 two Depreciationof Investmentsin Real Estate
DepreciationofInvestmentsinRealEstate
0 USD
CY2012 two Directors And Officers Insurance Expense
DirectorsAndOfficersInsuranceExpense
693000 USD
CY2011 two Directors And Officers Insurance Expense
DirectorsAndOfficersInsuranceExpense
563000 USD
CY2012Q4 two Discontinued Operation Future Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationFutureGainLossOnDisposalOfDiscontinuedOperationNetOfTax
4000000 USD
CY2013 two Directors And Officers Insurance Expense
DirectorsAndOfficersInsuranceExpense
830000 USD
CY2012 two Distribution Of Special Dividend
DistributionOfSpecialDividend
0 USD
CY2011 two Disposal Group Including Discontinued Operation Management Fees
DisposalGroupIncludingDiscontinuedOperationManagementFees
0 USD
CY2013 two Disposal Group Including Discontinued Operation Management Fees
DisposalGroupIncludingDiscontinuedOperationManagementFees
0 USD
CY2012 two Disposal Group Including Discontinued Operation Management Fees
DisposalGroupIncludingDiscontinuedOperationManagementFees
1579000 USD
CY2011 two Disposal Group Including Discontinued Operation Real Estate Related Expenses
DisposalGroupIncludingDiscontinuedOperationRealEstateRelatedExpenses
0 USD
CY2012 two Disposal Group Including Discontinued Operation Real Estate Related Expenses
DisposalGroupIncludingDiscontinuedOperationRealEstateRelatedExpenses
4731000 USD
CY2013 two Disposal Group Including Discontinued Operation Real Estate Related Expenses
DisposalGroupIncludingDiscontinuedOperationRealEstateRelatedExpenses
0 USD
CY2011 two Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
89000 USD
CY2013 two Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
-138000 USD
CY2012 two Disposal Group Including Discontinued Operation Total Expenses
DisposalGroupIncludingDiscontinuedOperationTotalExpenses
8881000 USD
CY2011 two Distribution Of Special Dividend
DistributionOfSpecialDividend
0 USD
CY2013 two Distribution Of Special Dividend
DistributionOfSpecialDividend
343481000 USD
CY2012Q4 two Distribution Ratio Of Special Dividend Declared
DistributionRatioOfSpecialDividendDeclared
0.048825853
CY2013Q4 two Equity Securities
EquitySecurities
0 USD
CY2012Q4 two Equity Securities
EquitySecurities
335638000 USD
CY2012Q4 two Equity Securities Cost Basis
EquitySecuritiesCostBasis
329756000 USD
CY2012Q4 two Equity Securities Gross Unrealized Gain Loss
EquitySecuritiesGrossUnrealizedGainLoss
5882000 USD
CY2012Q4 two Equity Securities Shares
EquitySecuritiesShares
17824647 shares
CY2013 two Equity Securities Unrealized Gain Loss
EquitySecuritiesUnrealizedGainLoss
-5882000 USD
CY2011 two Fair Value Option Total Included In Net Income
FairValueOptionTotalIncludedInNetIncome
2000 USD
CY2012 two Fair Value Option Total Included In Net Income
FairValueOptionTotalIncludedInNetIncome
6331000 USD
CY2013 two Fair Value Option Total Included In Net Income
FairValueOptionTotalIncludedInNetIncome
38684000 USD
CY2012Q4 two Federal Income Tax Payable
FederalIncomeTaxPayable
-4323000 USD
CY2013Q4 two Federal Income Tax Payable
FederalIncomeTaxPayable
757000 USD
CY2013 two Gain Loss On Interest Rate Swap And Swaption Agreements
GainLossOnInterestRateSwapAndSwaptionAgreements
245229000 USD
CY2012 two Gain Loss On Interest Rate Swap And Swaption Agreements
GainLossOnInterestRateSwapAndSwaptionAgreements
-159775000 USD
CY2011 two Gain Loss On Interest Rate Swap And Swaption Agreements
GainLossOnInterestRateSwapAndSwaptionAgreements
-86769000 USD
CY2012 two Gain Loss On Mortgage Loans
GainLossOnMortgageLoans
2270000 USD
CY2013 two Gain Loss On Mortgage Loans
GainLossOnMortgageLoans
-33846000 USD
CY2011 two Gain Loss On Mortgage Loans
GainLossOnMortgageLoans
0 USD
CY2011 two Gain On Termination Of Interest Rate Swaps And Swaptions
GainOnTerminationOfInterestRateSwapsAndSwaptions
-16970000 USD
CY2012 two Gross Asset Management Costs Before Reduction
GrossAssetManagementCostsBeforeReduction
33168000 USD
CY2012 two Gain On Termination Of Interest Rate Swaps And Swaptions
GainOnTerminationOfInterestRateSwapsAndSwaptions
-29579000 USD
CY2013 two Gain On Termination Of Interest Rate Swaps And Swaptions
GainOnTerminationOfInterestRateSwapsAndSwaptions
12293000 USD
CY2011 two Gross Asset Management Costs Before Reduction
GrossAssetManagementCostsBeforeReduction
14241000 USD
CY2013 two Gross Asset Management Costs Before Reduction
GrossAssetManagementCostsBeforeReduction
46047000 USD
CY2011 two Increase Decreasein Servicing Advances
IncreaseDecreaseinServicingAdvances
0 USD
CY2012 two Increase Decreasein Servicing Advances
IncreaseDecreaseinServicingAdvances
0 USD
CY2013 two Increase Decreasein Servicing Advances
IncreaseDecreaseinServicingAdvances
7298000 USD
CY2012Q4 two Initial Public Offering Of Silver Bay Common Stock Price Per Share
InitialPublicOfferingOfSilverBayCommonStockPricePerShare
18.50
CY2011 two Interest Expense On Interest Rate Swap And Swaption Agreements
InterestExpenseOnInterestRateSwapAndSwaptionAgreements
24883000 USD
CY2013 two Interest Expense On Interest Rate Swap And Swaption Agreements
InterestExpenseOnInterestRateSwapAndSwaptionAgreements
58522000 USD
CY2012 two Interest Expense On Interest Rate Swap And Swaption Agreements
InterestExpenseOnInterestRateSwapAndSwaptionAgreements
38448000 USD
CY2013Q4 two Interest Rate Swaps Swaptions And Credit Default Swaps Categorized As Level2 Assets Liabilities
InterestRateSwapsSwaptionsAndCreditDefaultSwapsCategorizedAsLevel2AssetsLiabilities
1.00
CY2012Q4 two Inverse Interest Only Securities Accrued Interest
InverseInterestOnlySecuritiesAccruedInterest
3711000 USD
CY2013Q4 two Inverse Interest Only Securities Accrued Interest
InverseInterestOnlySecuritiesAccruedInterest
2855000 USD
CY2013Q4 two Inverse Interest Only Securities Categorized As Level2 Assets
InverseInterestOnlySecuritiesCategorizedAsLevel2Assets
1.00
CY2012Q4 two Investment In Common Stock Of Silver Bay Ownership Percentage
InvestmentInCommonStockOfSilverBayOwnershipPercentage
0.477
CY2012Q4 two Loans Held For Sale Mortgages Fair Value Adjustment
LoansHeldForSaleMortgagesFairValueAdjustment
1631000 USD
CY2013Q4 two Loans Held For Sale Mortgages Fair Value Adjustment
LoansHeldForSaleMortgagesFairValueAdjustment
-136259000 USD
CY2012Q4 two Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
56976000 USD
CY2013Q4 two Loans Held For Sale Mortgages Unpaid Principal
LoansHeldForSaleMortgagesUnpaidPrincipal
680840000 USD
CY2011 two Loans Receivable Heldforsale Reconciliationto Cash Flow Sales
LoansReceivableHeldforsaleReconciliationtoCashFlowSales
0 USD
CY2013 two Loans Receivable Heldforsale Reconciliationto Cash Flow Sales
LoansReceivableHeldforsaleReconciliationtoCashFlowSales
25113000 USD
CY2012 two Loans Receivable Heldforsale Reconciliationto Cash Flow Sales
LoansReceivableHeldforsaleReconciliationtoCashFlowSales
0 USD
CY2012 two Loans Receivable Heldforsale Reconciliationto Cash Flow Transfersto Heldforinvestment
LoansReceivableHeldforsaleReconciliationtoCashFlowTransferstoHeldforinvestment
0 USD
CY2011 two Loans Receivable Heldforsale Reconciliationto Cash Flow Transfersto Heldforinvestment
LoansReceivableHeldforsaleReconciliationtoCashFlowTransferstoHeldforinvestment
0 USD
CY2013 two Loans Receivable Heldforsale Reconciliationto Cash Flow Transfersto Heldforinvestment
LoansReceivableHeldforsaleReconciliationtoCashFlowTransferstoHeldforinvestment
413848000 USD
CY2011 two Loss On Termination Of Credit Default Swaps
LossOnTerminationOfCreditDefaultSwaps
4567000 USD
CY2012 two Loss On Termination Of Credit Default Swaps
LossOnTerminationOfCreditDefaultSwaps
-17570000 USD
CY2013 two Loss On Termination Of Credit Default Swaps
LossOnTerminationOfCreditDefaultSwaps
-53154000 USD
CY2013 two Management Fee Percent
ManagementFeePercent
0.015
CY2013Q4 two Mortgage Loans Held For Invesment Unpaid Principal
MortgageLoansHeldForInvesmentUnpaidPrincipal
812538000 USD
CY2012Q4 two Mortgage Loans Held For Invesment Unpaid Principal
MortgageLoansHeldForInvesmentUnpaidPrincipal
0 USD
CY2013Q4 two Mortgage Loans Held For Investment Categorized As Level2 Assets
MortgageLoansHeldForInvestmentCategorizedAsLevel2Assets
1.000
CY2013Q4 two Mortgage Loans Held For Investment Fair Value Adjustment
MortgageLoansHeldForInvestmentFairValueAdjustment
-20148000 USD
CY2012Q4 two Mortgage Loans Held For Investment Fair Value Adjustment
MortgageLoansHeldForInvestmentFairValueAdjustment
0 USD
CY2013Q4 two Mortgage Loans Held For Sale Categorized As Level2 Assets
MortgageLoansHeldForSaleCategorizedAsLevel2Assets
0.220
CY2013Q4 two Mortgage Loans Held For Sale Categorized As Level3 Assets
MortgageLoansHeldForSaleCategorizedAsLevel3Assets
0.780
CY2013Q4 two Mortgage Servicing Rights Categorized As Level3 Assets
MortgageServicingRightsCategorizedAsLevel3Assets
1.000
CY2013 two Other Than Temporary Impairment Losses Investments Number Available For Sale Securities
OtherThanTemporaryImpairmentLossesInvestmentsNumberAvailableForSaleSecurities
4
CY2011 two Other Than Temporary Impairment Losses Investments Number Available For Sale Securities
OtherThanTemporaryImpairmentLossesInvestmentsNumberAvailableForSaleSecurities
13
CY2012 two Other Than Temporary Impairment Losses Investments Number Available For Sale Securities
OtherThanTemporaryImpairmentLossesInvestmentsNumberAvailableForSaleSecurities
33
CY2012 two Payments To Acquire Trading Securities
PaymentsToAcquireTradingSecurities
-996016000 USD
CY2011 two Payments To Acquire Trading Securities
PaymentsToAcquireTradingSecurities
-2019884000 USD
CY2013 two Payments To Acquire Trading Securities
PaymentsToAcquireTradingSecurities
-995625000 USD
CY2013Q4 two Restricted Cash And Cash Equivalents Held By Broker Counterparties For Derivatives Trading Activity
RestrictedCashAndCashEquivalentsHeldByBrokerCounterpartiesForDerivativesTradingActivity
191107000 USD
CY2012Q4 two Restricted Cash And Cash Equivalents Held By Broker Counterparties For Derivatives Trading Activity
RestrictedCashAndCashEquivalentsHeldByBrokerCounterpartiesForDerivativesTradingActivity
208669000 USD
CY2013 two Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
762900000 USD
CY2012 two Proceeds From Sales Of Trading Securities
ProceedsFromSalesOfTradingSecurities
1001904000 USD
CY2013 two Proceeds From Sales Of Trading Securities
ProceedsFromSalesOfTradingSecurities
1000946000 USD
CY2011 two Proceeds From Sales Of Trading Securities
ProceedsFromSalesOfTradingSecurities
1222959000 USD
CY2012Q4 two Reduction Of Future Management Fees
ReductionOfFutureManagementFees
4300000 USD
CY2013 two Reduction Of Mangement Fees
ReductionOfMangementFees
4340000 USD
CY2012Q4 two Restricted Cash And Cash Equivalents Held By Broker And Repurchase Counterparties
RestrictedCashAndCashEquivalentsHeldByBrokerAndRepurchaseCounterparties
301976000 USD
CY2013Q4 two Restricted Cash And Cash Equivalents Held By Broker And Repurchase Counterparties
RestrictedCashAndCashEquivalentsHeldByBrokerAndRepurchaseCounterparties
401301000 USD
CY2012Q4 two Restricted Cash And Cash Equivalents Held By Broker Counterparties For Securities Trading Activity
RestrictedCashAndCashEquivalentsHeldByBrokerCounterpartiesForSecuritiesTradingActivity
9000000 USD
CY2013Q4 two Restricted Cash And Cash Equivalents Held By Broker Counterparties For Securities Trading Activity
RestrictedCashAndCashEquivalentsHeldByBrokerCounterpartiesForSecuritiesTradingActivity
9000000 USD
CY2012Q4 two Restricted Cash And Cash Equivalents Held By Repurchase Counterparties As Restricted Collateral
RestrictedCashAndCashEquivalentsHeldByRepurchaseCounterpartiesAsRestrictedCollateral
84307000 USD
CY2013Q4 two Restricted Cash And Cash Equivalents Held By Repurchase Counterparties As Restricted Collateral
RestrictedCashAndCashEquivalentsHeldByRepurchaseCounterpartiesAsRestrictedCollateral
201194000 USD
CY2013Q4 two Retained Earnings
RetainedEarnings
1028397000 USD
CY2012Q4 two Retained Earnings
RetainedEarnings
449358000 USD
CY2013Q4 two Securities Sold Under Agreements To Repuchase Long Term
SecuritiesSoldUnderAgreementsToRepuchaseLongTerm
200000000 USD
CY2012Q4 two Securities Sold Under Agreements To Repuchase Long Term
SecuritiesSoldUnderAgreementsToRepuchaseLongTerm
200000000 USD
CY2013Q4 two Securities Sold Under Agreements To Repurchase Short Term
SecuritiesSoldUnderAgreementsToRepurchaseShortTerm
12050450000 USD
CY2012Q4 two Securities Sold Under Agreements To Repurchase Short Term
SecuritiesSoldUnderAgreementsToRepurchaseShortTerm
12424510000 USD
CY2012 two Securitization Deal Costs
SecuritizationDealCosts
0 USD
CY2013 two Securitization Deal Costs
SecuritizationDealCosts
4153000 USD
CY2011 two Securitization Deal Costs
SecuritizationDealCosts
0 USD
CY2011 two Servicing Assetat Fair Value Total Changesin Fair Value
ServicingAssetatFairValueTotalChangesinFairValue
0 USD
CY2012 two Servicing Assetat Fair Value Total Changesin Fair Value
ServicingAssetatFairValueTotalChangesinFairValue
0 USD
CY2013 two Servicing Assetat Fair Value Total Changesin Fair Value
ServicingAssetatFairValueTotalChangesinFairValue
13881000 USD
CY2013Q4 two State And Local Income Tax Payable
StateAndLocalIncomeTaxPayable
0 USD
CY2012Q4 two State And Local Income Tax Payable
StateAndLocalIncomeTaxPayable
0 USD
CY2013Q4 two Stock Issued And Outstanding Shares At Market Offering
StockIssuedAndOutstandingSharesAtMarketOffering
7585869 shares
CY2013Q4 two Stock Issued And Outstanding Shares Dividend Reinvestment Plan
StockIssuedAndOutstandingSharesDividendReinvestmentPlan
156248 shares
CY2013Q4 two Stock Issued And Outstanding Value At Market Offering
StockIssuedAndOutstandingValueAtMarketOffering
77603000 USD
CY2013Q4 two Stock Issued And Outstanding Value Dividend Reinvestment Plan
StockIssuedAndOutstandingValueDividendReinvestmentPlan
1681000 USD
CY2013 two Stock Issued During Period Shares Cashless Exercise Of Warrant
StockIssuedDuringPeriodSharesCashlessExerciseOfWarrant
6351 shares
CY2013 two Stock Issued During Period Shares Cashless Exercise Of Warrants Forfeited
StockIssuedDuringPeriodSharesCashlessExerciseOfWarrantsForfeited
93649 shares
CY2013 two Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesAuthorizedToBeRepurchased
15000000 shares
CY2013 two Subservicing Expense
SubservicingExpense
3761000 USD
CY2012 two Subservicing Expense
SubservicingExpense
0 USD
CY2011 two Subservicing Expense
SubservicingExpense
0 USD
CY2013 two Termination Of Credit Default Swaps Interest Spread Settlement
TerminationOfCreditDefaultSwapsInterestSpreadSettlement
-1882000 USD
CY2012 two Termination Of Credit Default Swaps Interest Spread Settlement
TerminationOfCreditDefaultSwapsInterestSpreadSettlement
-2902000 USD
CY2011 two Termination Of Credit Default Swaps Interest Spread Settlement
TerminationOfCreditDefaultSwapsInterestSpreadSettlement
-1131000 USD
CY2013 two Termination Of Credit Default Swaps Notional Amount
TerminationOfCreditDefaultSwapsNotionalAmount
2520000000 USD
CY2011 two Termination Of Credit Default Swaps Notional Amount
TerminationOfCreditDefaultSwapsNotionalAmount
175000000 USD
CY2012 two Termination Of Credit Default Swaps Notional Amount
TerminationOfCreditDefaultSwapsNotionalAmount
825000000 USD
CY2012 two Termination Of Credit Default Swaps Number Of Positions
TerminationOfCreditDefaultSwapsNumberOfPositions
18
CY2013 two Termination Of Credit Default Swaps Number Of Positions
TerminationOfCreditDefaultSwapsNumberOfPositions
22
CY2011 two Termination Of Credit Default Swaps Number Of Positions
TerminationOfCreditDefaultSwapsNumberOfPositions
3
CY2012 two Termination Of Interest Rate Swaps And Swaptions Interest Spread Settlement
TerminationOfInterestRateSwapsAndSwaptionsInterestSpreadSettlement
-1573000 USD
CY2011 two Termination Of Interest Rate Swaps And Swaptions Interest Spread Settlement
TerminationOfInterestRateSwapsAndSwaptionsInterestSpreadSettlement
-5952000 USD
CY2013 two Termination Of Interest Rate Swaps And Swaptions Interest Spread Settlement
TerminationOfInterestRateSwapsAndSwaptionsInterestSpreadSettlement
-34521000 USD
CY2012 two Termination Of Interest Rate Swaps And Swaptions Notional Amount
TerminationOfInterestRateSwapsAndSwaptionsNotionalAmount
4450000000 USD
CY2011 two Termination Of Interest Rate Swaps And Swaptions Number Of Positions
TerminationOfInterestRateSwapsAndSwaptionsNumberOfPositions
32
CY2013 two Termination Of Interest Rate Swaps And Swaptions Number Of Positions
TerminationOfInterestRateSwapsAndSwaptionsNumberOfPositions
155
CY2012 two Termination Of Interest Rate Swaps And Swaptions Number Of Positions
TerminationOfInterestRateSwapsAndSwaptionsNumberOfPositions
26
CY2013 two Trading Securities Amortized Cost Sold
TradingSecuritiesAmortizedCostSold
997899000 USD
CY2011 two Trading Securities Amortized Cost Sold
TradingSecuritiesAmortizedCostSold
1219636000 USD
CY2012 two Trading Securities Amortized Cost Sold
TradingSecuritiesAmortizedCostSold
1000207000 USD
CY2013 two Termination Of Interest Rate Swaps And Swaptions Notional Amount
TerminationOfInterestRateSwapsAndSwaptionsNotionalAmount
33798000000 USD
CY2011 two Termination Of Interest Rate Swaps And Swaptions Notional Amount
TerminationOfInterestRateSwapsAndSwaptionsNotionalAmount
3200000000 USD
CY2013Q4 two Trading Securities Categorized As Level1 Assets
TradingSecuritiesCategorizedAsLevel1Assets
1.00
CY2012Q4 two Trading Securities Gross Unrealized Gain Loss
TradingSecuritiesGrossUnrealizedGainLoss
5048000 USD
CY2013Q4 two Trading Securities Gross Unrealized Gain Loss
TradingSecuritiesGrossUnrealizedGainLoss
4059000 USD
CY2013 two Unrealized Gain On Interest Rate Swaps And Swaptions
UnrealizedGainOnInterestRateSwapsAndSwaptions
291458000 USD
CY2011 two Unrealized Gain On Interest Rate Swaps And Swaptions
UnrealizedGainOnInterestRateSwapsAndSwaptions
-44916000 USD
CY2012 two Unrealized Gain On Interest Rate Swaps And Swaptions
UnrealizedGainOnInterestRateSwapsAndSwaptions
-91748000 USD
two Warrants Exercised During Period
WarrantsExercisedDuringPeriod
1130460 shares
CY2013Q2 two Warrants Exercised During Period
WarrantsExercisedDuringPeriod
8720690 shares
CY2013Q4 two Warrants Expired During Period
WarrantsExpiredDuringPeriod
3580279 shares
CY2013 two Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
349741902 shares
CY2011 two Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
98771248 shares
CY2012 two Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
241975433 shares
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001465740
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
366043088 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
3700000000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
TWO HARBORS INVESTMENT CORP.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001465740-14-000025-index-headers.html Edgar Link pending
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0001465740-14-000025-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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two-20131231.xml Edgar Link completed
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two-20131231_cal.xml Edgar Link unprocessable
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