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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Revision of Prior Period, Accounting Standards Update, Adjustment
Series C Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Series C Preferred Stock
Accumulated Deficit
Accumulated Deficit
Revision of Prior Period, Accounting Standards Update, Adjustment
Accumulated Deficit
Series C Preferred Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Other Comprehensive Income
Balance (in shares) at Dec. 31, 2019         0 8,000 113,092              
Beginning balance at Dec. 31, 2019 $ 3,383,952 $ (8,326)     $ 0 $ 80 $ 1,131 $ 3,643,734   $ (631,040) $ (8,326)     $ 370,047
Increase (Decrease) in Stockholders' Equity                            
Net (loss)/income (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 [1] (53,577)           $ (36) (53,541)            
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)   (14,796) $ (15,000)               $ (14,796) $ (15,000)  
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         11,000 8,000 112,929              
Ending balance at Dec. 31, 2020 2,524,802       $ 110 $ 80 $ 1,129 3,851,517   (1,405,327)       77,293
Increase (Decrease) in Stockholders' Equity                            
Net (loss)/income 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)   (17,875) (15,000)               (17,875) (15,000)  
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         11,000 8,000 108,138              
Ending balance at Dec. 31, 2021 2,542,848       $ 110 $ 80 $ 1,082 3,775,482   (1,279,484)       45,578
Increase (Decrease) in Stockholders' Equity                            
Net (loss)/income (231,581)                 (231,581)        
Issuance of stock, net of expenses (in shares)             197              
Issuance of stock, net of expenses 1,098           $ 1 1,097            
Repurchase of shares of common stock (in shares) [1]             (6,533)              
Repurchase of shares of common stock [1] (103,253)           $ (65) (103,188)            
Equity based compensation expense 11,335             11,335            
Change in accrued dividends attributable to stock-based awards (2,432)             (435)   (1,997)        
Dividends declared on common stock (171,426)                 (171,426)        
Dividends declared on preferred stock (32,875)   $ (17,875) $ (15,000)               $ (17,875) $ (15,000)  
Dividends attributable to dividend equivalents (628)                 (628)        
Change in unrealized losses on securities, net (25,492)                         (25,492)
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk 1,255                         1,255
Balance (in shares) at Dec. 31, 2022         11,000 8,000 101,802              
Ending balance at Dec. 31, 2022 $ 1,988,849       $ 110 $ 80 $ 1,018 $ 3,684,291   $ (1,717,991)       $ 21,341
[1] For the year ended December 31, 2022, includes approximately $1.0 million (56,690 shares) surrendered for tax purposes related to equity-based compensation awards. 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.