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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands
Total
6.00% Series B Cumulative Convertible Preferred Stock
7.875% Series A Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
7.50% Series D Cumulative Redeemable Preferred Stock
Common Stock Par Value
Common Stock Par Value
6.00% Series B Cumulative Convertible Preferred Stock
Additional Paid-In Capital
Additional Paid-In Capital
6.00% Series B Cumulative Convertible Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Accumulated Deficit
6.00% Series B Cumulative Convertible Preferred Stock
Accumulated Deficit
7.875% Series A Cumulative Redeemable Preferred Stock
Accumulated Deficit
7.625% Series C Cumulative Redeemable Preferred Stock
Accumulated Deficit
7.50% Series D Cumulative Redeemable Preferred Stock
7.875% Series A Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
7.50% Series D Cumulative Redeemable Preferred Stock
Beginning balance at Dec. 31, 2011 $ 15,760,642         $ 9,702   $ 15,068,870   $ 3,008,988 $ (2,504,006)         $ 177,088    
Preferred dividends declared   (289) (3,648)                 (289) (3,648)          
Net income (loss) 901,806                   901,806              
Unrealized gains (losses) on available-for-sale securities (162,259)                 (162,259)                
Reclassification adjustment for net (gains) losses included in net income (loss) (80,299)                 (80,299)                
Exercise of stock options 1,842         1   1,841                    
Stock option expense and long-term compensation expense 1,849             1,849                    
Conversion of Series B cumulative preferred stock 32,232 32,272         40   32,232                  
Contingent beneficial conversion feature on 4% Convertible Senior Notes 23,321             23,321                    
Offering expenses (231)             (231)                    
Common dividends declared (534,401)                   (534,401)              
Ending balance at Mar. 31, 2012 15,940,605         9,743   15,127,882   2,766,430 (2,140,538)         177,088    
Beginning balance at Dec. 31, 2012 15,924,444 [1]         9,472   14,740,774   3,053,242 (2,792,103)         177,088 290,514 445,457
Preferred dividends declared     (3,648) (5,719) (8,625)               (3,648) (5,719) (8,625)      
Net income (loss) 870,278                   870,278              
Unrealized gains (losses) on available-for-sale securities (867,151)                 (867,151)                
Reclassification adjustment for net (gains) losses included in net income (loss) (182,843)                 (182,843)                
Exercise of stock options 265             265                    
Stock option expense and long-term compensation expense 817             817                    
Net proceeds from direct purchase and dividend reinvestment 761         1   760                    
Contingent beneficial conversion feature on 4% Convertible Senior Notes 3,963             3,963                    
Common dividends declared (426,173)       (426,173)                   (426,173)      
Ending balance at Mar. 31, 2013 $ 15,306,369         $ 9,473   $ 14,746,579   $ 2,003,248 $ (2,365,990)         $ 177,088 $ 290,514 $ 445,457
[1] Derived from the audited consolidated financial statements at December 31, 2012.