CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net interest income:
Interest income	$ 300,266	$ 350,389	[1]
Interest expense	142,083	202,950	[2]
Net interest income	158,183	147,439
Provision for credit losses	(6,314)	0
Other-than-temporary impairments:
Net other-than-temporary credit impairment losses		(4,853)
Other investment gains (losses):
Net unrealized gains (losses) on derivatives	201,000	(89,315)
Realized gains (losses) on terminations of interest rate swaps	(463,966)	(108,046)
Net realized gains (losses) on derivatives	(41,086)	(7,277)
Net gains (losses) on derivatives	(304,052)	(204,638)
Net unrealized gains (losses) on financial instruments at fair value	(260,887)	200,812
Net realized gains (losses) on sales of investments	75,854	8,603
Total other gains (losses)	(489,085)	4,777
Other expenses:
Compensation and benefits	12,934	14,370
General and administrative expenses	5,678	5,821
Servicing fees	9,989	8,963
Transaction expenses	4,906	62
Total other expenses	33,507	29,216
Income (loss) before income taxes	(370,723)	118,147
Income taxes	32	0
Net income (loss)	(370,755)	118,147
Dividends on preferred stock	18,438	17,392
Net income (loss) available to common shareholders	$ (389,193)	$ 100,755
Net income (loss) per share available to common shareholders:
Basic (usd per share)	$ (2.08)	$ 0.54
Diluted (usd per share)	$ (2.08)	$ 0.54
Weighted average number of common shares outstanding:
Basic (shares)	187,018,602	187,112,454
Diluted (shares)	187,018,602	188,199,711

[1] Includes interest income of consolidated VIEs of $174,681 and $207,112 for the quarters ended March 31, 2020 and 2019, respectively. See Note 8 to consolidated financial statements for further discussion.

[2] Includes interest expense of consolidated VIEs of $64,629 and $91,027 for the quarters ended March 31, 2020 and 2019, respectively. See Note 8 to consolidated financial statements for further discussion.