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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Mortgage-backed securities $ 151,920 $ 168,736 $ 303,659 $ 329,080
Residential loans 20,471 6,889 38,175 7,026
Commercial loans 2,061 60 3,680 60
Total interest income 174,452 175,685 345,514 336,166
Interest Expense        
Repurchase agreements 47,822 68,463 96,893 134,792
Secured loans 176 0 176 0
Exchangeable senior notes 5,613 5,622 11,220 6,782
Asset-backed securities 15,826 5,377 29,761 5,456
Total interest expense 69,437 79,462 138,050 147,030
Net interest income 105,015 96,223 207,464 189,136
Provision for loan losses (50) 663 157 663
Net interest income after provision for loan losses 105,065 95,560 207,307 188,473
Other Income (loss)        
Gain (loss) on sale of investments, net (20,766) 5,692 (32,484) 12,404
Equity in earnings and fair value change in unconsolidated ventures 3,894 2,157 4,335 3,747
Gain (loss) on interest rate derivative instruments, net (167,816) 53,314 (319,128) 51,311
Realized and unrealized credit default swap income 292 180 621 531
Total other income (loss) (184,396) 61,343 (346,656) 67,993
Expenses        
Management fee – related party 9,327 10,807 18,662 21,161
General and administrative 3,739 3,043 6,935 4,587
Total expenses 13,066 13,850 25,597 25,748
Net income (loss) (92,397) 143,053 (164,946) 230,718
Net income (loss) attributable to non-controlling interest (1,057) 1,493 (1,879) 2,455
Net income (loss) attributable to Invesco Mortgage Capital Inc. (91,340) 141,560 (163,067) 228,263
Dividends to preferred shareholders 2,712 2,713 5,425 5,425
Net income (loss) attributable to common shareholders $ (94,052) $ 138,847 $ (168,492) $ 222,838
Earnings (loss) per share:        
Net income attributable to common shareholders (basic) (usd per share) $ (0.76) $ 1.03 $ (1.37) $ 1.69
Net income attributable to common shareholders (diluted) (usd per share) $ (0.76) $ 0.95 $ (1.37) $ 1.61
Dividends declared per common share (usd per share) $ 0.5 $ 0.65 $ 1.00 $ 1.30