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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Total
7.875% Series A Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
7.50% Series D Cumulative Redeemable Preferred Stock
6.00% Series B Cumulative Convertible 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
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
Accumulated Deficit
6.00% Series B Cumulative Convertible Preferred Stock
7.875% Series A Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
7.50% Series D Cumulative Redeemable Preferred Stock
7.50% Series D Cumulative Redeemable Preferred Stock
Beginning balance at Dec. 31, 2010 $ 9,864,900,000         $ 6,316,000   $ 9,175,245,000   $ 1,164,642,000 $ (658,391,000)         $ 177,088,000        
Net income (loss) 344,461,000                   344,461,000                  
Unrealized gains (losses) on available-for-sale securities 2,036,894,000                 2,036,894,000                    
Unrealized (gains) losses on interest rate swaps 14,298,000                 14,298,000                    
Reclassification adjustment for net (gains) losses included in net income (loss) (206,846,000)                 (206,846,000)                    
Exercise of stock options 8,953,000         7,000   8,946,000                        
Stock compensation expense 5,269,000         3,000   5,266,000                        
Net proceeds from direct purchase and dividend reinvestment 455,547,000         262,000   455,285,000                        
Conversion of Series B cumulative preferred stock 7,759,000       7,759,000   9,000   7,750,000                      
Contingent beneficial conversion feature on 4% Convertible Senior Notes 67,637,000             67,637,000                        
Preferred dividends declared   (14,593,000)     (2,261,000)             (14,593,000)     (2,261,000)          
Common dividends declared (2,173,222,000)                   (2,173,222,000)                  
Net proceeds from follow-on offering 5,351,846,000         3,105,000   5,348,741,000                        
Ending balance at Dec. 31, 2011 15,760,642,000         9,702,000   15,068,870,000   3,008,988,000 (2,504,006,000)         177,088,000        
Preferred dividends declared         (2,300,000)                              
Ending balance at Jan. 03, 2012                                        
Beginning balance at Dec. 31, 2011 15,760,642,000         9,702,000   15,068,870,000   3,008,988,000 (2,504,006,000)         177,088,000        
Net proceeds from Cumulative Redeemable Preferred Stock offering                                   290,514,000   445,457,000
Net income (loss) 1,735,900,000                   1,735,900,000                  
Unrealized gains (losses) on available-for-sale securities 482,765,000                 482,765,000                    
Reclassification adjustment for net (gains) losses included in net income (loss) (438,511,000)                 (438,511,000)                    
Exercise of stock options 8,438,000         6,000   8,432,000                        
Stock compensation expense 5,584,000             5,584,000                        
Net proceeds from direct purchase and dividend reinvestment 2,794,000         2,000   2,792,000                        
Conversion of Series B cumulative preferred stock 32,272,000       32,272,000   40,000   32,232,000                      
Contingent beneficial conversion feature on 4% Convertible Senior Notes 61,725,000             61,725,000                        
Disposal of subsidiary 5,223,000                   5,223,000                  
Preferred dividends declared   (14,593,000) (14,297,000) (10,351,000) (289,000)             (14,593,000) (14,297,000) (10,351,000) (289,000)          
Common dividends declared (1,989,690,000)                   (1,989,690,000)                  
Equity component on 5% Convertible Senior Notes 11,717,000             11,717,000                        
Offering expenses (248,000)             (248,000)                        
Extinguishment of convertible debt (53,558,000)             (53,558,000)                        
Buyback of common stock (397,050,000)         (278,000)   (396,772,000)                        
Ending balance at Dec. 31, 2012 15,924,444,000         9,472,000   14,740,774,000   3,053,242,000 (2,792,103,000)         177,088,000 290,514,000   445,457,000  
Net income (loss) 3,729,698,000                   3,729,698,000                  
Unrealized gains (losses) on available-for-sale securities (5,378,089,000)                 (5,378,089,000)                    
Reclassification adjustment for net (gains) losses included in net income (loss) (424,086,000)                 (424,086,000)                    
Exercise of stock options 2,204,000         2,000   2,202,000                        
Stock compensation expense 2,547,000         (2,000)   2,549,000                        
Net proceeds from direct purchase and dividend reinvestment 2,855,000         2,000   2,853,000                        
Contingent beneficial conversion feature on 4% Convertible Senior Notes 17,383,000             17,383,000                        
Disposal of subsidiary 20,923,000                   20,923,000                  
Preferred dividends declared   (14,593,000) (22,875,000) (34,500,000)               (14,593,000) (22,875,000) (34,500,000)            
Common dividends declared (1,420,856,000)                   (1,420,856,000)                  
Ending balance at Dec. 31, 2013 $ 12,405,055,000         $ 9,474,000   $ 14,765,761,000   $ (2,748,933,000) $ (534,306,000)         $ 177,088,000 $ 290,514,000   $ 445,457,000