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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net interest income        
Interest income $ 645,615 $ 383,906 $ 1,301,465 $ 1,147,284
Interest expense 170,475 61,047 245,397 137,020
Net interest income 475,140 322,859 1,056,068 1,010,264
Net servicing income        
Servicing and related income 55,685 10,519 90,400 19,748
Servicing and related expense 5,949 2,603 9,706 4,900
Net servicing income 49,736 7,916 80,694 14,848
Other income (loss)        
Net gains (losses) on investments and other (615,216) 20,207 (775,020) 58,612
Net gains (losses) on derivatives 1,015,643 (581,962) 2,657,671 587,421
Financing Receivable, Credit Loss, Expense (Reversal) 26,913 (494) 26,305 139,126
Business divestiture-related gains (losses) (23,955) 1,527 (24,309) (248,036)
Other, net (5,486) (6,241) (2,428) 295
Total other income (loss) 397,899 (566,963) 1,882,219 537,418
General and administrative expenses        
Compensation expense 22,243 32,013 55,245 63,531
Other general and administrative expenses 13,795 21,513 26,557 37,900
Total general and administrative expenses 36,038 53,526 81,802 101,431
Income (loss) before income taxes 886,737 (289,714) 2,937,179 1,461,099
Income taxes 23,420 5,134 49,968 4,813
Net income (loss) 863,317 (294,848) 2,887,211 1,456,286
Net income (loss) attributable to noncontrolling interests (3,379) 794 (1,740) 1,115
Net income (loss) attributable to Annaly 866,696 (295,642) 2,888,951 1,455,171
Dividends on preferred stock 26,883 26,883 53,766 53,766
Net income (loss) available (related) to common stockholders $ 839,813 $ (322,525) $ 2,835,185 $ 1,401,405
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ 0.55 $ (0.23) $ 1.90 $ 1.00
Diluted (in dollars per share) $ 0.55 $ (0.23) $ 1.90 $ 1.00
Weighted average number of common shares outstanding        
Basic (in shares) 1,522,436,766 1,410,239,138 1,492,068,912 1,404,755,496
Diluted (in shares) 1,523,595,000 1,410,239,138 1,493,254,890 1,405,764,272
Other comprehensive income (loss)        
Net income (loss) $ 863,317 $ (294,848) $ 2,887,211 $ 1,456,286
Unrealized gains (losses) on available-for-sale securities (2,503,250) (191,541) (6,071,929) (1,620,468)
Reclassification adjustment for net (gains) losses included in net income (loss) 657,806 (30,415) 802,593 26,408
Other comprehensive income (loss) (1,845,444) (221,956) (5,269,336) (1,594,060)
Comprehensive income (loss) (982,127) (516,804) (2,382,125) (137,774)
Comprehensive income (loss) attributable to noncontrolling interests (3,379) 794 (1,740) 1,115
Comprehensive income (loss) attributable to Annaly (978,748) (517,598) (2,380,385) (138,889)
Dividends on preferred stock 26,883 26,883 53,766 53,766
Comprehensive income (loss) attributable to common stockholders $ (1,005,631) $ (544,481) $ (2,434,151) $ (192,655)