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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net interest income:        
Interest income $ 644,640 $ 697,160 $ 1,984,503 $ 2,147,313
Interest expense 127,069 145,476 378,147 487,321
Net interest income 517,571 551,684 1,606,356 1,659,992
Other income (loss):        
Realized gains (losses) on interest rate swaps (169,083) [1],[2] (227,909) [1],[2] (650,452) [1],[2] (666,112) [1],[2]
Realized gains (losses) on termination of interest rate swaps 0 (36,658) (779,333) (88,685)
Unrealized gains (losses) on interest rate swaps 98,593 6,343 (75,287) 1,441,099
Subtotal (70,490) (258,224) (1,505,072) 686,302
Investment advisory income 8,253 9,558 20,485 35,153
Net gains (losses) on disposal of investments 4,693 43,602 90,296 374,443
Dividend income from affiliates 4,048 4,048 21,141 14,527
Net gains (losses) on trading assets 4,676 (96,022) (188,041) (40,427)
Net unrealized gains (losses) on interest-only Agency mortgage-backed securities (37,944) (7,099) (56,652) 184,549
Impairment of goodwill       (23,987)
Loss on previously held equity interest in CreXus       (18,896)
Other income (loss) (22,249) 4,212 (16,102) 11,536
Subtotal (38,523) (41,701) (128,873) 536,898
Total other income (loss) (109,013) (299,925) (1,633,945) 1,223,200
General and administrative expenses:        
Compensation and management fee 39,028 41,774 116,826 123,981
Other general and administrative expenses 12,289 16,970 34,058 51,806
Total general and administrative expenses 51,317 58,744 150,884 175,787
Income (loss) before income taxes 357,241 193,015 (178,473) 2,707,405
Income taxes 2,385 557 5,534 6,456
Net income (loss) 354,856 192,458 (184,007) 2,700,949
Dividends on preferred stock 17,992 17,992 53,976 53,976
Net income (loss) available (related) to common stockholders 336,864 174,466 (237,983) 2,646,973
Net income (loss) per share available (related) to common stockholders:        
Basic $ 0.36 $ 0.18 $ (0.25) $ 2.79
Diluted $ 0.35 $ 0.18 $ (0.25) $ 2.69
Weighted average number of common shares outstanding:        
Basic 947,565,432 947,303,205 947,513,514 947,321,691
Diluted 987,315,527 955,690,471 947,513,514 995,319,670
Dividends declared per share of common stock $ 0.30 $ 0.35 $ 0.90 $ 1.20
Net income (loss) 354,856 192,458 (184,007) 2,700,949
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities (390,871) (121,942) 1,872,427 (4,133,589)
Reclassification adjustment for net (gains) losses included in net income (loss) (4,693) (43,602) (91,314) (374,443)
Other comprehensive income (loss) (395,564) (165,544) 1,781,113 (4,508,032)
Comprehensive income (loss) $ (40,708) $ 26,914 $ 1,597,106 $ (1,807,083)
[1] Interest expense related to the Company's interest rate swaps is recorded in Realized gains (losses) on interest rate swaps.
[2] Interest expense related to the Company's interest rate swaps is recorded in Realized gains (losses) on interest rate swaps on the Consolidated Statements of Comprehensive Income (Loss).