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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net interest income        
Interest income $ 562,443 $ 919,299 $ 1,702,281 $ 2,713,083
Interest expense 115,126 766,905 804,631 2,164,817
Net interest income 447,317 152,394 897,650 548,266
Realized and unrealized gains (losses)        
Net interest component of interest rate swaps (62,529) 88,466 (141,070) 306,154
Realized gains (losses) on termination or maturity of interest rate swaps (427) (682,602) (1,919,720) (1,438,349)
Unrealized gains (losses) on interest rate swaps 170,327 (326,309) (1,162,768) (1,992,884)
Subtotal 107,371 (920,445) (3,223,558) (3,125,079)
Net gains (losses) on disposal of investments and other 198,888 66,522 652,150 (65,727)
Net gains (losses) on other derivatives 169,316 (16,888) 546,658 (638,458)
Net unrealized gains (losses) on instruments measured at fair value through earnings 121,255 (1,091) (354,133) 41,657
Loan loss provision 21,993 (3,504) (146,084) (9,207)
Subtotal 511,452 45,039 698,591 (671,735)
Total realized and unrealized gains (losses) 618,823 (875,406) (2,524,967) (3,796,814)
Other income (loss) 7,959 35,074 38,109 93,757
General and administrative expenses        
Compensation and management fee 29,196 41,161 107,057 130,225
Other general and administrative expenses 19,636 24,977 87,070 98,058
Total general and administrative expenses 48,832 66,138 194,127 228,283
Income (loss) before income taxes 1,025,267 (754,076) (1,783,335) (3,383,074)
Income taxes 9,719 (6,907) (14,928) (10,241)
Net income (loss) 1,015,548 (747,169) (1,768,407) (3,372,833)
Net income (loss) attributable to noncontrolling interests (126) (110) (28) (294)
Net income (loss) attributable to Annaly 1,015,674 (747,059) (1,768,379) (3,372,539)
Dividends on preferred stock (1) [1] 35,509 36,151 106,527 101,067
Net income (loss) available (related) to common stockholders $ 980,165 $ (783,210) $ (1,874,906) $ (3,473,606)
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ 0.70 $ (0.54) $ (1.32) $ (2.42)
Diluted (in dollars per share) $ 0.70 $ (0.54) $ (1.32) $ (2.42)
Weighted average number of common shares outstanding        
Basic (in shares) 1,404,202,695 1,453,359,211 1,419,645,475 1,436,204,582
Diluted (in shares) 1,404,368,300 1,453,359,211 1,419,645,475 1,436,204,582
Other comprehensive income (loss)        
Net income (loss) $ 1,015,548 $ (747,169) $ (1,768,407) $ (3,372,833)
Unrealized gains (losses) on available-for-sale securities (140,671) 1,034,873 2,220,271 4,289,054
Reclassification adjustment for net (gains) losses included in net income (loss) (112,347) (86,061) (769,406) 4,626
Other comprehensive income (loss) (253,018) 948,812 1,450,865 4,293,680
Comprehensive income (loss) 762,530 201,643 (317,542) 920,847
Comprehensive income (loss) attributable to noncontrolling interests (126) (110) (28) (294)
Comprehensive income (loss) attributable to Annaly 762,656 201,753 (317,514) 921,141
Comprehensive income (loss) attributable to common stockholders $ 727,147 $ 165,602 $ (424,041) $ 820,074
[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.