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10-Q Filing

DYNEX CAPITAL INC CIK: 826675 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000826675-16-000045
Period End Date 20160331
Filing Date 20160509
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance dx-20160331.xml
Filing Contents
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Mortgage-backed securities (including pledged of $3,264,828 and $3,361,635, respectively) FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue $3.33B USD Point-in-time
Mortgage-backed securities (including pledged of $3,264,828 and $3,361,635, respectively) FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue $3.49B USD Point-in-time
Mortgage loans held for investment, net LoansAndLeasesReceivableNetReportedAmount $24.14M USD Point-in-time
Mortgage loans held for investment, net LoansAndLeasesReceivableNetReportedAmount $23.27M USD Point-in-time
Pledged MBS FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue $3.36B USD Point-in-time
Investment in limited partnership EquityMethodInvestments $98.00K USD Point-in-time
Investment in limited partnership EquityMethodInvestments $10.84M USD Point-in-time
Pledged MBS FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue $3.26B USD Point-in-time
Investment in FHLB stock FederalHomeLoanBankStock $11.47M USD Point-in-time
Investment in FHLB stock FederalHomeLoanBankStock $11.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $82.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $43.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $38.50M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $51.19M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $86.86M USD Point-in-time
Derivative assets DerivativeAssets $14.85M USD Point-in-time
Derivative assets DerivativeAssets $7.83M USD Point-in-time
Principal receivable on investments OtherReceivablesFromBrokerDealersAndClearingOrganizations $6.38M USD Point-in-time
Principal receivable on investments OtherReceivablesFromBrokerDealersAndClearingOrganizations $6.19M USD Point-in-time
Accrued interest receivable InterestReceivable $22.15M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accrued interest receivable InterestReceivable $22.76M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other assets, net PrepaidExpenseAndOtherAssets $7.31M USD Point-in-time
Other assets, net PrepaidExpenseAndOtherAssets $7.97M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Total assets Assets $3.58B USD Point-in-time
Total assets Assets $3.67B USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 49.10M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 49.05M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.74M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.89M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.05M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.10M shares Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $2.59B USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $2.72B USD Point-in-time
FHLB advances OtherSecuredFinancings $520.00M USD Point-in-time
FHLB advances OtherSecuredFinancings $263.00M USD Point-in-time
Non-recourse collateralized financing LongTermDebt $8.44M USD Point-in-time
Non-recourse collateralized financing LongTermDebt $8.14M USD Point-in-time
Derivative liabilities DerivativeLiabilities $90.49M USD Point-in-time
Derivative liabilities DerivativeLiabilities $41.20M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $2.24M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $1.74M USD Point-in-time
Accrued dividends payable DividendsPayableCurrentAndNoncurrent $13.71M USD Point-in-time
Accrued dividends payable DividendsPayableCurrentAndNoncurrent $12.25M USD Point-in-time
Other liabilities OtherLiabilities $2.15M USD Point-in-time
Other liabilities OtherLiabilities $3.50M USD Point-in-time
Total liabilities Liabilities $3.18B USD Point-in-time
Total liabilities Liabilities $3.10B USD Point-in-time
Common stock, par value $.01 per share, 200,000,000 shares authorized; 49,095,797 and 49,047,335 shares issued and outstanding, respectively CommonStockValue $490.00K USD Point-in-time
Common stock, par value $.01 per share, 200,000,000 shares authorized; 49,095,797 and 49,047,335 shares issued and outstanding, respectively CommonStockValue $491.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $725.36M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $725.44M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.77M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $28.96M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-330.71M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-380.75M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $483.80M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $492.02M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $3.58B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $3.67B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Interest income InterestIncomeOperating $25.09M USD 1 Quarter
Interest income InterestIncomeOperating $24.10M USD 1 Quarter
Interest expense InterestExpense $5.37M USD 1 Quarter
Interest expense InterestExpense $6.31M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $18.78M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $18.73M USD 1 Quarter
Loss on derivative instruments, net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-48.26M USD 1 Quarter
Loss on derivative instruments, net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-25.32M USD 1 Quarter
(Loss) gain on sale of investments, net GainLossOnSalesOfMortgageBackedSecuritiesMBS $-3.94M USD 1 Quarter
(Loss) gain on sale of investments, net GainLossOnSalesOfMortgageBackedSecuritiesMBS $1.31M USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $24.00K USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $39.00K USD 1 Quarter
Other (expense) income, net OtherOperatingIncomeExpenseNet $63.00K USD 1 Quarter
Other (expense) income, net OtherOperatingIncomeExpenseNet $34.00K USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $2.22M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $2.12M USD 1 Quarter
Other general and administrative OtherGeneralAndAdministrativeExpense $1.87M USD 1 Quarter
Other general and administrative OtherGeneralAndAdministrativeExpense $2.14M USD 1 Quarter
Net loss NetIncomeLoss $-37.43M USD 1 Quarter
Net loss NetIncomeLoss $-9.47M USD 1 Quarter
Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $2.29M USD 1 Quarter
Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $2.29M USD 1 Quarter
Net loss to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-39.73M USD 1 Quarter
Net loss to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-11.77M USD 1 Quarter
Change in net unrealized gain on available-for-sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $37.76M USD 1 Quarter
Change in net unrealized gain on available-for-sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $23.30M USD 1 Quarter
Reclassification adjustment for loss (gain) on sale of investments, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $1.31M USD 1 Quarter
Reclassification adjustment for loss (gain) on sale of investments, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-3.94M USD 1 Quarter
Reclassification adjustment for de-designated cash flow hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-27.00K USD 1 Quarter
Reclassification adjustment for de-designated cash flow hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.06M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $41.73M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $23.05M USD 1 Quarter
Comprehensive income to common shareholders ComprehensiveIncomeNetOfTax $2.00M USD 1 Quarter
Comprehensive income to common shareholders ComprehensiveIncomeNetOfTax $11.29M USD 1 Quarter
Net loss per common share - basic and diluted EarningsPerShareBasicAndDiluted $-0.21 USD 1 Quarter
Net loss per common share - basic and diluted EarningsPerShareBasicAndDiluted $-0.81 USD 1 Quarter
Weighted average common shares - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 49.04M shares 1 Quarter
Weighted average common shares - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 54.80M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-37.43M USD 1 Quarter
Net loss ProfitLoss $-9.47M USD 1 Quarter
Decrease (increase) in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.70M USD 1 Quarter
Decrease (increase) in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-613.00K USD 1 Quarter
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $313.00K USD 1 Quarter
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $500.00K USD 1 Quarter
Loss on derivative instruments, net IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $-25.32M USD 1 Quarter
Loss on derivative instruments, net IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $-48.26M USD 1 Quarter
Loss (gain) on sale of investments, net MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $-3.94M USD 1 Quarter
Loss (gain) on sale of investments, net MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $1.31M USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $24.00K USD 1 Quarter
Fair value adjustments, net TradingSecuritiesUnrealizedHoldingGainLoss $39.00K USD 1 Quarter
Amortization of investment premiums, net AdjustmentForAmortization $37.55M USD 1 Quarter
Amortization of investment premiums, net AdjustmentForAmortization $36.64M USD 1 Quarter
Other amortization and depreciation OtherDepreciationAndAmortization $477.00K USD 1 Quarter
Other amortization and depreciation OtherDepreciationAndAmortization $1.52M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $829.00K 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 $1.10M USD 1 Quarter
Net cash and cash equivalents provided by operating activities NetCashProvidedByUsedInOperatingActivities $53.61M USD 1 Quarter
Net cash and cash equivalents provided by operating activities NetCashProvidedByUsedInOperatingActivities $50.96M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $386.66M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $4.97M USD 1 Quarter
Principal payments received on investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $92.42M USD 1 Quarter
Principal payments received on investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $102.03M USD 1 Quarter
Proceeds from sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $102.92M USD 1 Quarter
Proceeds from sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $77.53M USD 1 Quarter
Principal payments received on mortgage loans held for investment, net ProceedsFromCollectionOfFinanceReceivables $899.00K USD 1 Quarter
Principal payments received on mortgage loans held for investment, net ProceedsFromCollectionOfFinanceReceivables $6.98M USD 1 Quarter
Payment to acquire interest in limited partnership PaymentsToAcquireLimitedPartnershipInterests - USD 1 Quarter
Payment to acquire interest in limited partnership PaymentsToAcquireLimitedPartnershipInterests $6.00M USD 1 Quarter
Distributions received from limited partnership ProceedsFromLimitedPartnershipInvestments - USD 1 Quarter
Distributions received from limited partnership ProceedsFromLimitedPartnershipInvestments $10.74M USD 1 Quarter
Net payments on derivatives, including terminations PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $6.41M USD 1 Quarter
Net payments on derivatives, including terminations PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $5.99M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $75.00K USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $38.00K USD 1 Quarter
Net cash and cash equivalents provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $170.59M USD 1 Quarter
Net cash and cash equivalents provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-187.20M USD 1 Quarter
Borrowings under repurchase agreements and FHLB advances ProceedsFromIssuanceOfDebt $5.40B USD 1 Quarter
Borrowings under repurchase agreements and FHLB advances ProceedsFromIssuanceOfDebt $4.22B USD 1 Quarter
Repayments of repurchase agreement borrowings and FHLB advances RepaymentsOfDebt $4.05B USD 1 Quarter
Repayments of repurchase agreement borrowings and FHLB advances RepaymentsOfDebt $5.53B USD 1 Quarter
Principal payments on non-recourse collateralized financing ProceedsFromRepaymentsOfSecuredDebt $-305.00K USD 1 Quarter
Principal payments on non-recourse collateralized financing ProceedsFromRepaymentsOfSecuredDebt $-603.00K USD 1 Quarter
Increase in restricted cash IncreaseInRestrictedCash $35.67M USD 1 Quarter
Increase in restricted cash IncreaseInRestrictedCash $24.70M USD 1 Quarter
Proceeds from issuance of common stock, net of issuance costs ProceedsFromIssuanceOfCommonStock $47.00K USD 1 Quarter
Proceeds from issuance of common stock, net of issuance costs ProceedsFromIssuanceOfCommonStock $30.00K USD 1 Quarter
Cash paid for repurchases of common stock PaymentsForRepurchaseOfCommonStock $310.00K USD 1 Quarter
Cash paid for repurchases of common stock PaymentsForRepurchaseOfCommonStock $131.00K USD 1 Quarter
Payments related to tax withholding for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $485.00K USD 1 Quarter
Payments related to tax withholding for stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $545.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $14.07M USD 1 Quarter
Dividends paid PaymentsOfDividends $15.98M USD 1 Quarter
Net cash and cash equivalents (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-175.19M USD 1 Quarter
Net cash and cash equivalents (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $130.80M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-5.44M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $49.01M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $82.94M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $43.94M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $33.94M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $38.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $82.94M 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 $33.94M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $38.50M USD Point-in-time
Cash paid for interest InterestPaid $5.78M USD 1 Quarter
Cash paid for interest InterestPaid $3.99M USD 1 Quarter
Stockholders Equity 8 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $483.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $492.02M USD Point-in-time
Net loss ProfitLoss $-37.43M USD 1 Quarter
Net loss ProfitLoss $-9.47M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $41.73M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $23.05M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $483.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $492.02M USD Point-in-time

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

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