2022 Q3 Form 10-Q Financial Statement

#000146574022000070 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $94.39M $57.00M $44.85M
YoY Change 161.9% 31.21% -20.07%
Cost Of Revenue $104.5M $60.09M $47.02M
YoY Change 143.46% -33.79% -1.42%
Gross Profit $319.4M -$26.34M $352.9M
YoY Change 283.68% -116.66% 26.71%
Gross Profit Margin 338.41% -46.2% 786.88%
Selling, General & Admin $10.10M $11.02M $12.19M
YoY Change 9.81% -43.34% 48.7%
% of Gross Profit 3.16% 3.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $20.79M $20.17M $18.82M
YoY Change 25.2% -40.94% 20.63%
Operating Profit $298.6M -$46.51M $334.1M
YoY Change 348.07% -137.52% 27.07%
Interest Expense $83.35M $37.10M $22.32M
YoY Change 280.91% 52.01% -1.8%
% of Operating Profit 27.91% 6.68%
Other Income/Expense, Net $329.5M -$23.25M $355.1M
YoY Change 265.6% -80.75% 31.47%
Pretax Income $298.6M -$46.51M $334.1M
YoY Change 348.07% -66.51% 27.1%
Income Tax $21.00M $25.90M $48.80M
% Of Pretax Income 7.03% 14.61%
Net Earnings $277.6M -$72.42M $285.3M
YoY Change 318.57% -38.61% 18.78%
Net Earnings / Revenue 294.12% -127.05% 636.11%
Basic Earnings Per Share $3.04 -$0.25 $0.79
Diluted Earnings Per Share $2.78 -$0.25 $0.72
COMMON SHARES
Basic Shares Outstanding 344.4M shares 344.3M shares 344.0M shares
Diluted Shares Outstanding 96.13M shares 344.3M shares 384.8M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $732.5M $511.9M $620.2M
YoY Change -31.94% -60.05% -46.49%
Cash & Equivalents $732.5M $511.9M $620.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $37.70M $30.25M $25.16M
Other Receivables $215.5M $186.2M $302.3M
Total Short-Term Assets $985.7M $728.3M $947.7M
YoY Change -31.57% -47.9% -24.79%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.70B $12.17B $10.20B
YoY Change 41.72% 22.6% -25.23%
Other Assets $842.5M $627.7M $855.9M
YoY Change 7.47% -27.56% 5.28%
Total Long-Term Assets $13.71B $13.01B $11.33B
YoY Change 36.5% 17.16% -23.12%
TOTAL ASSETS
Total Short-Term Assets $985.7M $728.3M $947.7M
Total Long-Term Assets $13.71B $13.01B $11.33B
Total Assets $14.70B $13.74B $12.27B
YoY Change 27.96% 9.88% -23.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $48.59M $21.83M $9.991M
YoY Change 361.77% 21.55% -16.74%
Deferred Revenue
YoY Change
Short-Term Debt $10.03B $7.958B $7.873B
YoY Change 40.85% -4.7% -32.57%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.50B $9.513B $8.143B
YoY Change 43.61% 11.28% -31.53%
LONG-TERM LIABILITIES
Long-Term Debt $1.811B $1.505B $1.249B
YoY Change 45.87% 11.19% -1.09%
Other Long-Term Liabilities $236.5M $235.7M $252.2M
YoY Change 21.7% 103.13% 117.39%
Total Long-Term Liabilities $2.047B $1.741B $1.501B
YoY Change 42.6% 18.45% 8.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.50B $9.513B $8.143B
Total Long-Term Liabilities $2.047B $1.741B $1.501B
Total Liabilities $12.55B $11.25B $9.645B
YoY Change 43.45% 12.34% -27.33%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $864.0K $3.444M $3.441M
YoY Change -72.48% 25.83% 25.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.144B $2.484B $2.629B
YoY Change
Total Liabilities & Shareholders Equity $14.70B $13.74B $12.27B
YoY Change 27.96% 9.88% -23.25%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $277.6M -$72.42M $285.3M
YoY Change 318.57% -38.61% 18.78%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $369.2M $69.54M -$51.35M
YoY Change 60.79% -67.48% -18.96%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.248B -$674.2M $0.00
YoY Change -458.86% -120.7% -100.0%
Cash From Investing Activities -$2.248B -$674.2M -$711.5M
YoY Change -458.86% -120.7% -124.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $323.0K
YoY Change -426.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.314B 268.1M $150.3M
YoY Change -302.34% -108.14% -104.28%
NET CHANGE
Cash From Operating Activities 369.2M 69.54M -$51.35M
Cash From Investing Activities -2.248B -674.2M -$711.5M
Cash From Financing Activities 2.314B 268.1M $150.3M
Net Change In Cash 435.4M -336.5M -$612.5M
YoY Change -251.4% -291.38% -9.18%
FREE CASH FLOW
Cash From Operating Activities $369.2M $69.54M -$51.35M
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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72591000 usd
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DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
14238000 usd
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DebtSecuritiesAvailableforsaleUnrealizedGains
192040000 usd
us-gaap Nature Of Operations
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Organization and Operations<div style="margin-top:3pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Two Harbors Investment Corp. is a Maryland corporation that, through its wholly owned subsidiaries (collectively, the Company), invests in and manages Agency residential mortgage-backed securities, or Agency RMBS, mortgage servicing rights, or MSR, and other financial assets. Agency refers to a U.S. government sponsored enterprise, or GSE, such as the Federal National Mortgage Association (or Fannie Mae) or the Federal Home Loan Mortgage Corporation (or Freddie Mac), or a U.S. government agency such as the Government National Mortgage Association (or Ginnie Mae). The investment portfolio is managed as a whole and resources are allocated and financial performance is assessed on a consolidated basis. The Company’s common stock is listed on the NYSE under the symbol “TWO”.</span></div><div style="margin-top:3pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. 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.</span></div>
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
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9663000 usd
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<div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:3pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management 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, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of certain revenues and expenses during the reported period. It is likely that changes in these estimates (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">e.g.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, valuation changes due to supply and demand in the market, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ from its estimates and the differences may be material.</span></div>
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11549865000 usd
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349207000 usd
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63356000 usd
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DebtSecuritiesAvailableforsaleUnrealizedGains
34206000 usd
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204718000 usd
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39226000 usd
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245000 usd
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1357000 usd
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3531000 usd
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2376000 usd
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us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
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17765000 usd
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0 usd
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13261000 usd
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4517000 usd
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219935000 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
98800000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
130600000 usd
CY2022Q2 two Mortgage Servicing Rights Delinquency Rate
MortgageServicingRightsDelinquencyRate
0.008
CY2021Q4 two Mortgage Servicing Rights Delinquency Rate
MortgageServicingRightsDelinquencyRate
0.013
CY2022Q2 two Continuing Involvementwith Continuedtobe Recognized Transferred Financial Assets Numberof Loans
ContinuingInvolvementwithContinuedtobeRecognizedTransferredFinancialAssetsNumberofLoans
901922 loan
CY2022Q2 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
227474154000 usd
CY2021Q4 two Continuing Involvementwith Continuedtobe Recognized Transferred Financial Assets Numberof Loans
ContinuingInvolvementwithContinuedtobeRecognizedTransferredFinancialAssetsNumberofLoans
797075 loan
CY2021Q4 us-gaap Securitized Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
194289876000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2088670000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
627725000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
934814000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
511889000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1153856000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
627725000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
934814000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1139614000 usd
CY2022Q2 us-gaap Trading Gains Losses
TradingGainsLosses
-68539000 usd
CY2021Q2 us-gaap Trading Gains Losses
TradingGainsLosses
75960000 usd
us-gaap Trading Gains Losses
TradingGainsLosses
-208342000 usd
us-gaap Trading Gains Losses
TradingGainsLosses
-215650000 usd
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
18878215000 usd
CY2022Q2 two Derivative Notional Amount Additions
DerivativeNotionalAmountAdditions
10850144000 usd
CY2022Q2 two Derivative Notional Amount Settlement Termination Expiration Exercise
DerivativeNotionalAmountSettlementTerminationExpirationExercise
26750332000 usd
CY2022Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2978027000 usd
CY2022Q2 two Derivative Average Notional Amount
DerivativeAverageNotionalAmount
9067363000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
140712000 usd
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
19137094000 usd
CY2021Q2 two Derivative Notional Amount Additions
DerivativeNotionalAmountAdditions
28743856000 usd
CY2021Q2 two Derivative Notional Amount Settlement Termination Expiration Exercise
DerivativeNotionalAmountSettlementTerminationExpirationExercise
24786024000 usd
CY2021Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
23094926000 usd
CY2021Q2 two Derivative Average Notional Amount
DerivativeAverageNotionalAmount
21581299000 usd
CY2021Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
42218000 usd
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
17159801000 usd
two Derivative Notional Amount Additions
DerivativeNotionalAmountAdditions
36295849000 usd
two Derivative Notional Amount Settlement Termination Expiration Exercise
DerivativeNotionalAmountSettlementTerminationExpirationExercise
50477623000 usd
CY2022Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2978027000 usd
two Derivative Average Notional Amount
DerivativeAverageNotionalAmount
13409480000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-110195000 usd
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
23932603000 usd
two Derivative Notional Amount Additions
DerivativeNotionalAmountAdditions
53628663000 usd
two Derivative Notional Amount Settlement Termination Expiration Exercise
DerivativeNotionalAmountSettlementTerminationExpirationExercise
54466340000 usd
CY2021Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
23094926000 usd
two Derivative Average Notional Amount
DerivativeAverageNotionalAmount
20689127000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-198490000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
3200000000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2200000000 usd
CY2022Q2 two Derivative Percentage Of Underlying Swap Variable Interest Rate Tied To Sofr
DerivativePercentageOfUnderlyingSwapVariableInterestRateTiedToSOFR
0.638
CY2022Q2 two Derivative Percentage Of Underlying Swap Variable Interest Rate Tied To Libor
DerivativePercentageOfUnderlyingSwapVariableInterestRateTiedToLIBOR
0.362
CY2021Q4 two Derivative Percentage Of Underlying Swap Variable Interest Rate Tied To Libor
DerivativePercentageOfUnderlyingSwapVariableInterestRateTiedToLIBOR
1.000
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
29300000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
110800000 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell Fair Value Of Collateral
SecuritiesPurchasedUnderAgreementsToResellFairValueOfCollateral
159200000 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Fair Value Of Collateral
SecuritiesPurchasedUnderAgreementsToResellFairValueOfCollateral
129200000 usd
CY2022Q2 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
159000000 usd
CY2021Q4 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
134700000 usd
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
581719000 usd
CY2022Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
552389000 usd
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
29330000 usd
CY2022Q2 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
29330000 usd
CY2022Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2022Q2 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
158971000 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
0 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
158971000 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
0 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
158971000 usd
CY2022Q2 us-gaap Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2022Q2 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
740690000 usd
CY2022Q2 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
552389000 usd
CY2022Q2 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
188301000 usd
CY2022Q2 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
29330000 usd
CY2022Q2 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
158971000 usd
CY2022Q2 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2022Q2 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
7958247000 usd
CY2022Q2 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 usd
CY2022Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
7958247000 usd
CY2022Q2 us-gaap Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
7958247000 usd
CY2022Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 usd
CY2022Q2 us-gaap Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
663153000 usd
CY2022Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
552389000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
110764000 usd
CY2022Q2 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
29330000 usd
CY2022Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
0 usd
CY2022Q2 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
81434000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
8621400000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
552389000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
8069011000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Offset Policy Election Deduction
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotOffsetPolicyElectionDeduction
7987577000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
0 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
81434000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
215084000 usd
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
134950000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
80134000 usd
CY2021Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
53658000 usd
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2021Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
26476000 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
134682000 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
0 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
134682000 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
0 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
129227000 usd
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
5455000 usd
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
349766000 usd
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
134950000 usd
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
214816000 usd
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
53658000 usd
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
129227000 usd
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
31931000 usd
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
7656445000 usd
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 usd
CY2021Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
7656445000 usd
CY2021Q4 us-gaap Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
7656445000 usd
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 usd
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
188608000 usd
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
134950000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
53658000 usd
CY2021Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
53658000 usd
CY2021Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
0 usd
CY2021Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
7845053000 usd
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
134950000 usd
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
7710103000 usd
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Offset Policy Election Deduction
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotOffsetPolicyElectionDeduction
7710103000 usd
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
0 usd
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2022Q2 two Debt Securities Availableforsale Categorizedas Level2 Assets
DebtSecuritiesAvailableforsaleCategorizedasLevel2Assets
0.990
CY2022Q2 two Debt Securities Available For Sale Categorized As Level3 Assets
DebtSecuritiesAvailableForSaleCategorizedAsLevel3Assets
0.010
CY2022Q2 two Mortgage Servicing Rights Categorized As Level3 Assets
MortgageServicingRightsCategorizedAsLevel3Assets
1
CY2022Q2 two Overthe Counter Derivatives Categorizedas Level2 Assets Liabilities
OvertheCounterDerivativesCategorizedasLevel2AssetsLiabilities
1
CY2022Q2 two Other Rmbs Classifiedas Derivatives Categorizedas Level2 Assets
OtherRMBSClassifiedasDerivativesCategorizedasLevel2Assets
1
CY2022Q2 two Other Derivatives Categorizedas Level1 Assets Liabilities
OtherDerivativesCategorizedasLevel1AssetsLiabilities
1
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
8789437000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
8789437000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
7161703000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
7161703000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
3226191000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
3226191000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2191578000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2191578000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
511889000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
511889000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1153856000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1153856000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
627725000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
627725000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
934814000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
934814000 usd
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
29330000 usd
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
29330000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
80134000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
80134000 usd
CY2022Q2 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
158971000 usd
CY2022Q2 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
158971000 usd
CY2021Q4 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
134682000 usd
CY2021Q4 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
134682000 usd
CY2022Q2 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3234000 usd
CY2022Q2 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3234000 usd
CY2021Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3332000 usd
CY2021Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3332000 usd
CY2022Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
7958247000 usd
CY2022Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
7958247000 usd
CY2021Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
7656445000 usd
CY2021Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
7656445000 usd
CY2022Q2 two Revolving Credit Facilities
RevolvingCreditFacilities
825761000 usd
CY2022Q2 two Revolving Credit Facilities
RevolvingCreditFacilities
825761000 usd
CY2021Q4 two Revolving Credit Facilities
RevolvingCreditFacilities
420761000 usd
CY2021Q4 two Revolving Credit Facilities
RevolvingCreditFacilities
420761000 usd
CY2022Q2 us-gaap Medium Term Notes
MediumTermNotes
397383000 usd
CY2022Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
388099000 usd
CY2021Q4 us-gaap Medium Term Notes
MediumTermNotes
396776000 usd
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
395030000 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
281711000 usd
CY2022Q2 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
257106000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
424827000 usd
CY2021Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
435774000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
110764000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
110764000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
53658000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
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CY2022Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
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