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SUMMARIZED QUARTERLY RESULTS (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations The following is a presentation of summarized quarterly results of operations for the years ended December 31, 2019 and 2018. These quarterly results were prepared in accordance with GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. These adjustments are of a normal, recurring nature. 
 
For the Quarters Ended
 
December 31, 2019
 
September 30,
2019
 
June 30,
2019
 
March 31,
2019
 
(dollars in thousands, expect per share data)
Interest income
$
1,074,214

 
$
919,299

 
$
927,598

 
$
866,186

Interest expense
620,058

 
766,905

 
750,217

 
647,695

Net interest income
454,156

 
152,394

 
177,381

 
218,491

Total realized and unrealized gains (losses)
785,687

 
(875,406
)
 
(1,909,482
)
 
(1,011,926
)
Total other income (loss)
42,656

 
35,074

 
28,181

 
30,502

Less:  Total general and administrative expenses
73,351

 
66,138

 
78,408

 
83,737

Income (loss) before income taxes
1,209,148

 
(754,076
)
 
(1,782,328
)
 
(846,670
)
Less:  Income taxes
(594
)
 
(6,907
)
 
(5,915
)
 
2,581

Net income (loss)
1,209,742

 
(747,169
)
 
(1,776,413
)
 
(849,251
)
Less: Net income attributable to noncontrolling interests
68

 
(110
)
 
(83
)
 
(101
)
Less: Dividends on preferred stock (1)
35,509

 
36,151

 
32,422

 
32,494

Net income (loss) available (related) to common stockholders
$
1,174,165

 
$
(783,210
)
 
$
(1,808,752
)
 
$
(881,644
)
Net income (loss) available (related) per share to common stockholders
 
 
 
 
 
 
Basic
$
0.82

 
$
(0.54
)
 
$
(1.24
)
 
$
(0.63
)
Diluted
$
0.82

 
$
(0.54
)
 
$
(1.24
)
 
$
(0.63
)
 
 
 
 
 
 
 
 
 
 
For the Quarters Ended
 
December 31, 2018
 
September 30,
2018
 
June 30,
2018
 
March 31,
2018
 
(dollars in thousands, expect per share data)
Interest income
$
859,674

 
$
816,596

 
$
776,806

 
$
879,487

Interest expense
586,774

 
500,973

 
442,692

 
367,421

Net interest income
272,900

 
315,623

 
334,114

 
512,066

Total realized and unrealized gains (losses)
(2,502,035
)
 
199,716

 
294,646

 
844,689

Total other income (loss)
52,377

 
(10,643
)
 
34,170

 
34,023

Less: Total general and administrative expenses
77,073

 
126,509

 
63,781

 
62,510

Income (loss) before income taxes
(2,253,831
)
 
378,187

 
599,149

 
1,328,268

Less:  Income taxes
1,041

 
(7,242
)
 
3,262

 
564

Net income (loss)
(2,254,872
)
 
385,429

 
595,887

 
1,327,704

Less: Net income attributable to noncontrolling interests
17

 
(149
)
 
(32
)
 
(96
)
Less: Dividends on preferred stock
32,494

 
31,675

 
31,377

 
33,766

Net income (loss) available (related) to common stockholders
$
(2,287,383
)
 
$
353,903

 
$
564,542

 
$
1,294,034

Net income (loss) available (related) per share to common stockholders
 
 
 
 
 
 
Basic
$
(1.74
)
 
$
0.29

 
$
0.49

 
$
1.12

Diluted
$
(1.74
)
 
$
0.29

 
$
0.49

 
$
1.12

 
 
 
 
 
 
 
 

(1)
The quarter ended September 30, 2019 excludes, and the quarter ended June 30, 2019 includes, cumulative and undeclared dividends of $0.3 million on the Company's Series I Preferred Stock as of June 30, 2019.