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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)
In Thousands
Total
7.875% Series A Cumulative Redeemable Preferred Stock
7.625% Series C Cumulative Redeemable Preferred Stock
Series D Preferred Stock
Common Stock Par Value
Additional Paid-In Capital
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
Series D 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, 2012 $ 15,924,444       $ 9,472 $ 14,740,774 $ 3,053,242 $ (2,792,103)       $ 177,088 $ 290,514 $ 445,457
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 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                
Preferred dividends declared   (3,648) (5,719) (8,625)         (3,648) (5,719) (8,625)      
Common dividends declared, $0.30 per share (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
Beginning balance at Dec. 31, 2013 12,405,055 [1]       9,474 14,765,761 (2,748,933) (534,306)       177,088 290,514 445,457
Net income (loss) (203,351)             (203,351)            
Unrealized gains (losses) on available-for-sale securities 741,172           741,172              
Reclassification adjustment for net (gains) losses included in net income (loss) (80,718)           (80,718)              
Net proceeds from direct purchase and dividend reinvestment 607       1 606                
Contingent beneficial conversion feature on 4% Convertible Senior Notes 4,186         4,186                
Preferred dividends declared   (3,648) (5,719) (8,625)         (3,648) (5,719) (8,625)      
Common dividends declared, $0.30 per share (284,247)             (284,247)            
Ending balance at Mar. 31, 2014 $ 12,564,712       $ 9,475 $ 14,770,553 $ (2,088,479) $ (1,039,896)       $ 177,088 $ 290,514 $ 445,457
[1] Derived from the audited consolidated financial statements at December 31, 2013.