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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
7.50% Series D Cumulative Redeemable 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
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, 2012 $ 15,924,444       $ 9,472 $ 14,740,774 $ 3,053,242 $ (2,792,103)       $ 177,088 $ 290,514 $ 445,457
Net income (loss) 2,700,949             2,700,949            
Unrealized gains (losses) on available-for-sale securities (4,133,589)           (4,133,589)              
Reclassification adjustment for net (gains) losses included in net income (loss) (374,443)           (374,443)              
Exercise of stock options 2,204       2 2,202                
Stock compensation expense 1,762       (3) 1,765                
Net proceeds from direct purchase and dividend reinvestment 2,166       2 2,164                
Contingent beneficial conversion feature on 4% Convertible Senior Notes 12,833         12,833                
Preferred dividends declared   (10,945) (17,156) (25,875)         (10,945) (17,156) (25,875)      
Common dividends declared, $0.90 per share (1,136,626)             (1,136,626)            
Ending balance at Sep. 30, 2013 12,945,724       9,473 14,759,738 (1,454,790) (1,281,756)       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) (184,007)             (184,007)            
Unrealized gains (losses) on available-for-sale securities 1,872,427           1,872,427              
Reclassification adjustment for net (gains) losses included in net income (loss) (91,314)           (91,314)              
Stock compensation expense 998         998                
Net proceeds from direct purchase and dividend reinvestment 1,786       2 1,784                
Contingent beneficial conversion feature on 4% Convertible Senior Notes 12,765         12,765                
Preferred dividends declared   (10,944) (17,157) (25,875)         (10,944) (17,157) (25,875)      
Common dividends declared, $0.90 per share (852,786)             (852,786)            
Ending balance at Sep. 30, 2014 $ 13,110,948       $ 9,476 $ 14,781,308 $ (967,820) $ (1,625,075)       $ 177,088 $ 290,514 $ 445,457
[1] Derived from the audited consolidated financial statements at December 31, 2013.