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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net interest income        
Interest income $ 919,299,000 $ 816,596,000 $ 2,713,083,000 $ 2,472,889,000
Interest expense 766,905,000 500,973,000 2,164,817,000 1,311,086,000
Net interest income 152,394,000 315,623,000 548,266,000 1,161,803,000
Realized and unrealized gains (losses)        
Net interest component of interest rate swaps 88,466,000 51,349,000 306,154,000 34,664,000
Realized gains (losses) on termination or maturity of interest rate swaps (682,602,000) 575,000 (1,438,349,000) 1,409,000
Unrealized gains (losses) on interest rate swaps (326,309,000) 417,203,000 (1,992,884,000) 1,737,963,000
Subtotal (920,445,000) 469,127,000 (3,125,079,000) 1,774,036,000
Net gains (losses) on disposal of investments 66,522,000 (324,294,000) (65,727,000) (376,943,000)
Net gains (losses) on other derivatives (16,888,000) 94,827,000 (638,458,000) 81,871,000
Net unrealized gains (losses) on instruments measured at fair value through earnings (1,091,000) (39,944,000) 41,657,000 (139,913,000)
Loan loss provision (3,504,000) 0 (9,207,000) 0
Subtotal 45,039,000 (269,411,000) (671,735,000) (434,985,000)
Total realized and unrealized gains (losses) (875,406,000) 199,716,000 (3,796,814,000) 1,339,051,000
Other income (loss) 35,074,000 (10,643,000) 93,757,000 57,550,000
General and administrative expenses        
Compensation and management fee 41,161,000 45,983,000 130,225,000 136,091,000
Other general and administrative expenses 24,977,000 80,526,000 98,058,000 116,709,000
Total general and administrative expenses 66,138,000 126,509,000 228,283,000 252,800,000
Income (loss) before income taxes (754,076,000) 378,187,000 (3,383,074,000) 2,305,604,000
Income taxes (6,907,000) (7,242,000) (10,241,000) (3,416,000)
Net income (loss) (747,169,000) 385,429,000 (3,372,833,000) 2,309,020,000
Net income (loss) attributable to noncontrolling interests (110,000) (149,000) (294,000) (277,000)
Net income (loss) attributable to Annaly (747,059,000) 385,578,000 (3,372,539,000) 2,309,297,000
Dividends on preferred stock [1] 36,151,000 31,675,000 101,067,000 96,818,000
Net income (loss) available (related) to common stockholders $ (783,210,000) $ 353,903,000 $ (3,473,606,000) $ 2,212,479,000
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ (0.54) $ 0.29 $ (2.42) $ 1.88
Diluted (in dollars per share) $ (0.54) $ 0.29 $ (2.42) $ 1.88
Weighted average number of common shares outstanding        
Basic (in shares) 1,453,359,211 1,202,353,851 1,436,204,582 1,174,292,701
Diluted (in shares) 1,453,359,211 1,202,353,851 1,436,204,582 1,174,292,701
Net income (loss) $ (747,169,000) $ 385,429,000 $ (3,372,833,000) $ 2,309,020,000
Other comprehensive income (loss)        
Unrealized gains (losses) on available-for-sale securities 1,034,873,000 (719,609,000) 4,289,054,000 (3,104,218,000)
Reclassification adjustment for net (gains) losses included in net income (loss) (86,061,000) 331,100,000 4,626,000 407,282,000
Other comprehensive income (loss) 948,812,000 (388,509,000) 4,293,680,000 (2,696,936,000)
Comprehensive income (loss) 201,643,000 (3,080,000) 920,847,000 (387,916,000)
Comprehensive income (loss) attributable to noncontrolling interests (110,000) (149,000) (294,000) (277,000)
Comprehensive income (loss) attributable to Annaly 201,753,000 (2,931,000) 921,141,000 (387,639,000)
Comprehensive income (loss) attributable to common stockholders $ 165,602,000 $ (34,606,000) $ 820,074,000 $ (484,457,000)
[1]
(1) 
The three months ended September 30, 2019 exclude cumulative and undeclared dividends of $0.3 million on the Company's Series I Preferred Stock as of June 30, 2019.