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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Series B Preferred Stock
Series C Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Series C Preferred Stock
Accumulated Deficit
Accumulated Deficit
Series B Preferred Stock
Accumulated Deficit
Series C Preferred Stock
Accumulated Other Comprehensive Income
Revision of Prior Period, Accounting Standards Update, Adjustment
Revision of Prior Period, Accounting Standards Update, Adjustment
Accumulated Deficit
Balance (in shares) at Dec. 31, 2018       8,000   112,447                
Beginning balance at Dec. 31, 2018 $ 3,416,101     $ 80   $ 1,124 $ 3,626,649   $ (632,040)     $ 420,288    
Increase (Decrease) in Stockholders' Equity                            
Cumulative effect adjustment on adoption of new accounting standard ASU 2016-13 Accounting Standards Update 2016-13 [Member]                          
Net income/(loss) $ 378,117               378,117          
Issuance of stock, net of expenses (in shares)           786                
Issuance of stock, net of expenses 12,325         $ 7 12,318              
Repurchase of shares of common stock (in shares) [1]           (141)                
Repurchase of shares of common stock [1] (4,118)           (4,118)              
Equity based compensation expense 9,230           9,230              
Change in accrued dividends attributable to stock-based awards (345)           (345)              
Dividends declared on common stock (361,033)               (361,033)          
Dividends declared on preferred stock (15,000)               (15,000)          
Dividends attributable to dividend equivalents (1,084)               (1,084)          
Change in unrealized losses on securities, net (24,445)                     (24,445)    
Derivative hedging instruments fair value changes and amortization, net (25,796)                     (25,796)    
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 0                          
Balance (in shares) at Dec. 31, 2019       8,000 0 113,092                
Ending balance at Dec. 31, 2019 3,383,952     $ 80 $ 0 $ 1,131 3,643,734   (631,040)     370,047 $ (8,326) $ (8,326)
Increase (Decrease) in Stockholders' Equity                            
Net income/(loss) (679,390)               (679,390)          
Issuance of stock, net of expenses (in shares)         11,000 3,448                
Issuance of stock, net of expenses 7,453   $ 266,052   $ 110 $ 34 7,419 $ 265,942            
Repurchase of shares of common stock (in shares) [1]           (3,611)                
Repurchase of shares of common stock (53,577) [1]         $ (36) (53,541) [1]              
Equity based compensation expense 6,715           6,715              
Change in accrued dividends attributable to stock-based awards 856           856              
Dividends declared on common stock (56,546)               (56,546)          
Dividends declared on preferred stock (29,796) $ (15,000) (14,796)             $ (15,000) $ (14,796)      
Dividends attributable to dividend equivalents (229)               (229)          
Change in unrealized losses on securities, net (313,115)                     (313,115)    
Derivative hedging instruments fair value changes and amortization, net 22,675                     22,675    
Warrants issued and repurchased, net 19,608           19,608              
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk (2,314)                     (2,314)    
Balance (in shares) at Dec. 31, 2020       8,000 11,000 112,929                
Ending balance at Dec. 31, 2020 2,524,802     $ 80 $ 110 $ 1,129 3,851,517   (1,405,327)     77,293    
Increase (Decrease) in Stockholders' Equity                            
Net income/(loss) 328,870               328,870          
Issuance of stock, net of expenses (in shares)           288                
Issuance of stock, net of expenses 1,832         $ 3 1,829              
Repurchase of shares of common stock (in shares) [1]           (5,079)                
Repurchase of shares of common stock [1] (86,393)         $ (50) (86,343)              
Equity based compensation expense 9,038           9,038              
Change in accrued dividends attributable to stock-based awards (837)           (559)   (278)          
Dividends declared on common stock (169,275)               (169,275)          
Dividends declared on preferred stock (32,875) $ (15,000) $ (17,875)             $ (15,000) $ (17,875)      
Dividends attributable to dividend equivalents (599)               (599)          
Change in unrealized losses on securities, net (32,774)                     (32,774)    
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 1,059                     1,059    
Balance (in shares) at Dec. 31, 2021       8,000 11,000 108,138                
Ending balance at Dec. 31, 2021 $ 2,542,848     $ 80 $ 110 $ 1,082 $ 3,775,482   $ (1,279,484)     $ 45,578    
[1] For the year ended December 31, 2021, includes approximately $799,000 (53,281 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2020, includes approximately $2.7 million (90,134 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2019, includes approximately $4.1 million (140,704 shares) surrendered for tax purposes related to equity-based compensation awards.