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10-Q Filing

DYNEX CAPITAL INC CIK: 826675 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000826675-15-000011
Period End Date 20150331
Filing Date 20150511
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance dx-20150331.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Mortgage-backed securities FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue $3.88B USD Point-in-time
Mortgage-backed securities FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue $3.52B USD Point-in-time
Loans and Leases Receivable, Net Amount LoansAndLeasesReceivableNetReportedAmount $39.70M USD Point-in-time
Loans and Leases Receivable, Net Amount LoansAndLeasesReceivableNetReportedAmount $32.77M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $43.94M USD Point-in-time
Pledged MBS FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue $3.27B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $69.33M USD Point-in-time
Pledged MBS FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue $3.47B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $38.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $61.17M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $66.97M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $42.26M USD Point-in-time
Derivative assets DerivativeAssets $5.73M USD Point-in-time
Derivative assets DerivativeAssets $8.08M USD Point-in-time
Principal receivable on investments OtherReceivablesFromBrokerDealersAndClearingOrganizations $8.79M USD Point-in-time
Principal receivable on investments OtherReceivablesFromBrokerDealersAndClearingOrganizations $7.42M USD Point-in-time
Accrued interest receivable InterestReceivable $22.86M USD Point-in-time
Accrued interest receivable InterestReceivable $21.16M USD Point-in-time
Investment in limited partnership EquityMethodInvestments $10.02M USD Point-in-time
Investment in limited partnership EquityMethodInvestments $4.00M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other assets, net PrepaidExpenseAndOtherAssets $7.79M USD Point-in-time
Other assets, net PrepaidExpenseAndOtherAssets $7.86M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Total assets Assets $3.69B USD Point-in-time
Total assets Assets $4.08B USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 54.89M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 54.74M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.89M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.70M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.74M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.31M shares Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $3.01B USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $3.19B USD Point-in-time
Payable for unsettled mortgage-backed securities PayablesToBrokerDealersAndClearingOrganizations $196.47M USD Point-in-time
Payable for unsettled mortgage-backed securities PayablesToBrokerDealersAndClearingOrganizations - USD Point-in-time
Non recourse collateralized financing OtherSecuredFinancings $10.20M USD Point-in-time
Non recourse collateralized financing OtherSecuredFinancings $10.79M USD Point-in-time
Derivative Liabilities DerivativeLiabilities $35.90M USD Point-in-time
Derivative Liabilities DerivativeLiabilities $57.17M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $1.95M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $2.26M USD Point-in-time
Accrued dividends payable DividendsPayableCurrentAndNoncurrent $15.11M USD Point-in-time
Accrued dividends payable DividendsPayableCurrentAndNoncurrent $15.62M USD Point-in-time
Other liabilities OtherLiabilities $3.65M USD Point-in-time
Other liabilities OtherLiabilities $3.00M USD Point-in-time
Total liabilities Liabilities $3.08B USD Point-in-time
Total liabilities Liabilities $3.47B USD Point-in-time
Common stock, par value $.01 per share, 200,000,000 shares authorized; 54,734,817 and 54,310,484 shares issued and outstanding, respectively CommonStockValue $547.00K USD Point-in-time
Common stock, par value $.01 per share, 200,000,000 shares authorized; 54,734,817 and 54,310,484 shares issued and outstanding, respectively CommonStockValue $549.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $763.98M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $763.93M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $44.37M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $21.32M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-288.15M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-313.09M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $607.30M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $605.46M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $4.08B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $3.69B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $26.90M USD 1 Quarter
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $23.73M USD 1 Quarter
Mortgage loans held for investment InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate $372.00K USD 1 Quarter
Mortgage loans held for investment InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate $738.00K USD 1 Quarter
Total interest income InterestIncomeOperating $24.10M USD 1 Quarter
Total interest income InterestIncomeOperating $27.64M USD 1 Quarter
Repurchase agreements InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase $7.61M USD 1 Quarter
Repurchase agreements InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase $5.35M USD 1 Quarter
Non recourse collateralized financing InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities $22.00K USD 1 Quarter
Non recourse collateralized financing InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities $25.00K USD 1 Quarter
Total interest expense InterestExpense $7.63M USD 1 Quarter
Total interest expense InterestExpense $5.37M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $18.73M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $20.01M USD 1 Quarter
Gain (loss) on derivative instruments, net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-13.42M USD 1 Quarter
Gain (loss) on derivative instruments, net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-25.32M USD 1 Quarter
Gain (loss) on sale of investments, net GainLossOnSalesOfMortgageBackedSecuritiesMBS $-3.31M USD 1 Quarter
Gain (loss) on sale of investments, net GainLossOnSalesOfMortgageBackedSecuritiesMBS $1.31M USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $32.00K USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $39.00K USD 1 Quarter
Income from investment in LP IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Income from investment in LP IncomeLossFromEquityMethodInvestments $22.00K USD 1 Quarter
Other income, net NoninterestIncomeOtherOperatingIncome $12.00K USD 1 Quarter
Other income, net NoninterestIncomeOtherOperatingIncome $75.00K USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $2.55M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $2.12M USD 1 Quarter
Other general and administrative OtherGeneralAndAdministrativeExpense $2.14M USD 1 Quarter
Other general and administrative OtherGeneralAndAdministrativeExpense $1.57M USD 1 Quarter
Net income (loss) NetIncomeLoss $-9.47M USD 1 Quarter
Net income (loss) NetIncomeLoss $-734.00K USD 1 Quarter
Preferred Stock Dividends PreferredStockDividendsIncomeStatementImpact $2.29M USD 1 Quarter
Preferred Stock Dividends PreferredStockDividendsIncomeStatementImpact $2.29M USD 1 Quarter
Net income (loss) to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-3.03M USD 1 Quarter
Net income (loss) to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-11.77M USD 1 Quarter
Change in fair value of available-for-sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $23.96M USD 1 Quarter
Change in fair value of available-for-sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $23.30M USD 1 Quarter
Reclassification adjustment for (gain) loss on sale of investments, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-3.31M USD 1 Quarter
Reclassification adjustment for (gain) loss on sale of investments, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $1.31M USD 1 Quarter
Reclassification adjustment for cash flow hedges (including de-designated hedges) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.06M USD 1 Quarter
Reclassification adjustment for cash flow hedges (including de-designated hedges) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-2.29M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $23.05M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $29.56M USD 1 Quarter
Comprehensive income (loss) to common shareholders ComprehensiveIncomeNetOfTax $11.29M USD 1 Quarter
Comprehensive income (loss) to common shareholders ComprehensiveIncomeNetOfTax $26.53M USD 1 Quarter
Weighted average common shares - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 54.80M shares 1 Quarter
Weighted average common shares - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 54.63M shares 1 Quarter
Net income per common share - basic and diluted EarningsPerShareBasicAndDiluted $-0.21 USD 1 Quarter
Net income per common share - basic and diluted EarningsPerShareBasicAndDiluted $-0.06 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-9.47M USD 1 Quarter
Net income (loss) ProfitLoss $-734.00K USD 1 Quarter
Decrease (increase) in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.70M USD 1 Quarter
Decrease (increase) in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.68M USD 1 Quarter
(Decrease) increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $313.00K USD 1 Quarter
(Decrease) increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $298.00K USD 1 Quarter
Loss (gain) on derivative instruments, net IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $-25.32M USD 1 Quarter
Loss (gain) on derivative instruments, net IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $-13.42M USD 1 Quarter
Loss (gain) on sale of investments, net MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $1.31M USD 1 Quarter
Loss (gain) on sale of investments, net MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $-3.31M USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $32.00K USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $39.00K USD 1 Quarter
Amortization of investment premiums, net AdjustmentForAmortization $36.64M USD 1 Quarter
Amortization of investment premiums, net AdjustmentForAmortization $31.97M USD 1 Quarter
Other amortization and depreciation OtherDepreciationAndAmortization $2.86M USD 1 Quarter
Other amortization and depreciation OtherDepreciationAndAmortization $1.52M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $672.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $693.00K USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingCapitalNet $1.01M USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingCapitalNet $175.00K USD 1 Quarter
Net cash and cash equivalents provided by operating activities NetCashProvidedByUsedInOperatingActivities $50.96M USD 1 Quarter
Net cash and cash equivalents provided by operating activities NetCashProvidedByUsedInOperatingActivities $49.90M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $386.66M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $127.55M USD 1 Quarter
Principal payments received on investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $128.68M USD 1 Quarter
Principal payments received on investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $102.03M USD 1 Quarter
Proceeds from sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $59.80M USD 1 Quarter
Proceeds from sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $102.92M USD 1 Quarter
Principal payments received on mortgage loans held for investment, net ProceedsFromCollectionOfFinanceReceivables $1.60M USD 1 Quarter
Principal payments received on mortgage loans held for investment, net ProceedsFromCollectionOfFinanceReceivables $6.98M USD 1 Quarter
Investment in limited partnership PaymentsToAcquireLimitedPartnershipInterests $6.00M USD 1 Quarter
Investment in limited partnership PaymentsToAcquireLimitedPartnershipInterests - USD 1 Quarter
Net payments on derivatives not designated as hedges PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $2.54M USD 1 Quarter
Net payments on derivatives not designated as hedges PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $6.41M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $5.00K USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $75.00K USD 1 Quarter
Net cash and cash equivalents used in investing activities NetCashProvidedByUsedInInvestingActivities $-187.20M USD 1 Quarter
Net cash and cash equivalents used in investing activities NetCashProvidedByUsedInInvestingActivities $59.98M USD 1 Quarter
(Repayments of) borrowings under repurchase agreements, net ProceedsFromRepaymentsOfShortTermDebt $172.73M USD 1 Quarter
(Repayments of) borrowings under repurchase agreements, net ProceedsFromRepaymentsOfShortTermDebt $-95.31M USD 1 Quarter
Principal payments on non-recourse collateralized financing ProceedsFromRepaymentsOfSecuredDebt $-527.00K USD 1 Quarter
Principal payments on non-recourse collateralized financing ProceedsFromRepaymentsOfSecuredDebt $-603.00K USD 1 Quarter
Increase in restricted cash IncreaseInRestrictedCash $4.86M USD 1 Quarter
Increase in restricted cash IncreaseInRestrictedCash $24.70M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $114.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $30.00K USD 1 Quarter
Cash paid for repurchases of common stock PaymentsForRepurchaseOfCommonStock $131.00K USD 1 Quarter
Cash paid for repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Payments Related to tax withholding for share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $505.00K USD 1 Quarter
Payments Related to tax withholding for share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $545.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $16.96M USD 1 Quarter
Dividends paid PaymentsOfDividends $15.98M USD 1 Quarter
Net cash and cash equivalents provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $130.80M USD 1 Quarter
Net cash and cash equivalents provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-118.05M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-8.16M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-5.44M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $43.94M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $69.33M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $38.50M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $61.17M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $43.94M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $69.33M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $38.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $61.17M USD Point-in-time
Cash paid for interest InterestPaid $4.93M USD 1 Quarter
Cash paid for interest InterestPaid $3.99M USD 1 Quarter
Stockholders Equity 8 line items
Line Item Tag Value Unit Period
Total shareholders' equity, beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $607.30M USD Point-in-time
Total shareholders' equity, beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $605.46M USD Point-in-time
Net income (loss) ProfitLoss $-9.47M USD 1 Quarter
Net income (loss) ProfitLoss $-734.00K USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $23.05M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $29.56M USD 1 Quarter
Total shareholders' equity, ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $607.30M USD Point-in-time
Total shareholders' equity, ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $605.46M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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