10-Q Filing

ARMOUR RESIDENTIAL REIT, INC. CIK: 1428205 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001428205-23-000144`
Period End Date	20230630
Filing Date	20230726
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	arr-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 112 Cash Flow Statement 82 Stockholders Equity 41

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Pledged securities	`DebtSecuritiesAvailableForSaleAndTradingAgencySecuritiesPledgedFinancialInstruments`	$10.17B	USD	Point-in-time
Pledged securities	`DebtSecuritiesAvailableForSaleAndTradingAgencySecuritiesPledgedFinancialInstruments`	$7.25B	USD	Point-in-time
Receivable for unsettled sales	`ReceivablesFromBrokersDealersAndClearingOrganizationsAmountOfPledgedSecurities`	$89.01M	USD	Point-in-time
Cash	`Cash`	$163.75M	USD	Point-in-time
Cash	`Cash`	$87.28M	USD	Point-in-time
Repurchase agreements, net	`SecuritiesSoldUnderAgreementsToRepurchase`	$6.46B	USD	Point-in-time
Cash collateral posted to counterparties	`CashCollateralForBorrowedSecurities`	$30.81M	USD	Point-in-time
Cash collateral posted to counterparties	`CashCollateralForBorrowedSecurities`	$52.48M	USD	Point-in-time
Repurchase agreements, net	`SecuritiesSoldUnderAgreementsToRepurchase`	$9.12B	USD	Point-in-time
Obligations to return securities received as collateral	`ObligationToReturnSecuritiesReceivedAsCollateral`	$497.19M	USD	Point-in-time
Obligations to return securities received as collateral	`ObligationToReturnSecuritiesReceivedAsCollateral`	$502.66M	USD	Point-in-time
Accrued interest payable, repurchase agreements, amounts with BUCKLER	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$33.99M	USD	Point-in-time
Accrued interest payable, repurchase agreements, amounts with BUCKLER	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$19.10M	USD	Point-in-time
Receivable for unsettled sales (including pledged securities of $89,013 at June 30, 2023)	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$94.83M	USD	Point-in-time
Receivable for unsettled sales (including pledged securities of $89,013 at June 30, 2023)	`ReceivablesFromBrokersDealersAndClearingOrganizations`	-	USD	Point-in-time
Accrued interest payable, U.S. Treasury Securities sold short, amounts with BUCKLER	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.48M	USD	Point-in-time
Accrued interest payable, U.S. Treasury Securities sold short, amounts with BUCKLER	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Derivatives, at fair value	`DerivativeAssets`	$984.46M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Derivatives, at fair value	`DerivativeAssets`	$1.00B	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$28.81M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Accrued interest receivable	`InterestReceivable`	$45.76M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssets`	$4.63M	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssets`	$2.10M	USD	Point-in-time
Total Assets	`Assets`	$9.44B	USD	Point-in-time
Total Assets	`Assets`	$12.54B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Repurchase agreements, net (including $4,412,261 and $3,247,474, respectively with BUCKLER)	`SecuritiesSoldUnderAgreementsToRepurchase`	$6.46B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Repurchase agreements, net (including $4,412,261 and $3,247,474, respectively with BUCKLER)	`SecuritiesSoldUnderAgreementsToRepurchase`	$9.12B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	206.81M	shares	Point-in-time
Obligations to return securities received as collateral, at fair value (including $99,438 and $100,531, respectively with BUCKLER)	`ObligationToReturnSecuritiesReceivedAsCollateral`	$497.19M	USD	Point-in-time
Obligations to return securities received as collateral, at fair value (including $99,438 and $100,531, respectively with BUCKLER)	`ObligationToReturnSecuritiesReceivedAsCollateral`	$502.66M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	162.91M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	206.81M	shares	Point-in-time
Cash collateral posted by counterparties	`CashCollateralHeldForCounterparties`	$963.66M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	162.91M	shares	Point-in-time
Cash collateral posted by counterparties	`CashCollateralHeldForCounterparties`	$963.59M	USD	Point-in-time
Payable for unsettled purchases	`PayablesToBrokerDealersAndClearingOrganizations`	$353.44M	USD	Point-in-time
Payable for unsettled purchases	`PayablesToBrokerDealersAndClearingOrganizations`	$616.43M	USD	Point-in-time
Derivatives, at fair value	`DerivativeLiabilities`	$13.02M	USD	Point-in-time
Derivatives, at fair value	`DerivativeLiabilities`	$11.61M	USD	Point-in-time
Accrued interest payable- repurchase agreements (including $6,447 and $9,908, respectively with BUCKLER)	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$33.99M	USD	Point-in-time
Accrued interest payable- repurchase agreements (including $6,447 and $9,908, respectively with BUCKLER)	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$19.10M	USD	Point-in-time
Accrued interest payable- U.S. Treasury Securities sold short (including $695 and $684, respectively with BUCKLER)	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.48M	USD	Point-in-time
Accrued interest payable- U.S. Treasury Securities sold short (including $695 and $684, respectively with BUCKLER)	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$6.40M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$8.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.32B	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.26B	USD	Point-in-time
Commitments and contingencies (Note 8 and Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8 and Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 450,000 and 300,000 shares authorized; 206,810 shares and 162,911 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$207.00K	USD	Point-in-time
Common stock, $0.001 par value, 450,000 and 300,000 shares authorized; 206,810 shares and 162,911 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$163.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.87B	USD	Point-in-time
Cumulative distributions to stockholders	`CumulativeDividends`	$1.99B	USD	Point-in-time
Cumulative distributions to stockholders	`CumulativeDividends`	$2.10B	USD	Point-in-time
Accumulated net loss	`RetainedEarningsAccumulatedDeficit`	$-746.93M	USD	Point-in-time
Accumulated net loss	`RetainedEarningsAccumulatedDeficit`	$-758.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.53M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.28B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.22B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$972.66M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.44B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.54B	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Interest Income (including $0 and $157 and $973 and $176, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$253.07M	USD	2 Qtrs
Interest Income (including $0 and $157 and $973 and $176, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$48.44M	USD	1 Quarter
Interest Income (including $0 and $157 and $973 and $176, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$81.81M	USD	2 Qtrs
Interest Income (including $0 and $157 and $973 and $176, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$134.84M	USD	1 Quarter
Interest income	`InterestIncomeDebtSecuritiesOperating`	$253.07M	USD	2 Qtrs
Interest expense (including $58,740 and $6,462 and $108,349 and $7,495, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$235.32M	USD	2 Qtrs
Interest expense (including $58,740 and $6,462 and $108,349 and $7,495, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$129.07M	USD	1 Quarter
Interest expense (including $58,740 and $6,462 and $108,349 and $7,495, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$15.44M	USD	2 Qtrs
Interest income	`InterestIncomeDebtSecuritiesOperating`	$48.44M	USD	1 Quarter
Interest expense (including $58,740 and $6,462 and $108,349 and $7,495, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$13.04M	USD	1 Quarter
Interest income	`InterestIncomeDebtSecuritiesOperating`	$81.81M	USD	2 Qtrs
Interest income	`InterestIncomeDebtSecuritiesOperating`	$134.84M	USD	1 Quarter
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$235.32M	USD	2 Qtrs
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$129.07M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$66.37M	USD	2 Qtrs
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$15.44M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$35.41M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$5.76M	USD	1 Quarter
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$13.04M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$17.75M	USD	2 Qtrs
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.50M	USD	1 Quarter
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.50M	USD	2 Qtrs
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.47M	USD	2 Qtrs
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$450.52M	USD	2 Qtrs
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$59.79M	USD	2 Qtrs
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$194.19M	USD	1 Quarter
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$205.91M	USD	1 Quarter
Total Other Income (Loss)	`OtherOperatingIncomeLoss`	$-172.76M	USD	2 Qtrs
Total Other Income (Loss)	`OtherOperatingIncomeLoss`	$48.46M	USD	1 Quarter
Total Other Income (Loss)	`OtherOperatingIncomeLoss`	$-84.59M	USD	1 Quarter
Total Other Income (Loss)	`OtherOperatingIncomeLoss`	$15.11M	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$9.39M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$8.30M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$16.44M	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$18.64M	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$1.41M	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$1.26M	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$2.42M	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$2.82M	USD	2 Qtrs
Other Operating	`OtherOperatingIncomeExpenseNet`	$-1.65M	USD	1 Quarter
Other Operating	`OtherOperatingIncomeExpenseNet`	$-3.27M	USD	2 Qtrs
Other Operating	`OtherOperatingIncomeExpenseNet`	$-3.50M	USD	2 Qtrs
Other Operating	`OtherOperatingIncomeExpenseNet`	$-2.26M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$11.35M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$22.53M	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$24.55M	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$12.91M	USD	1 Quarter
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$1.65M	USD	1 Quarter
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$1.95M	USD	1 Quarter
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$3.90M	USD	2 Qtrs
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$3.30M	USD	2 Qtrs
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$11.26M	USD	1 Quarter
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$9.40M	USD	1 Quarter
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$21.25M	USD	2 Qtrs
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$18.63M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-125.03M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-58.59M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$11.60M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$42.96M	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$5.99M	USD	2 Qtrs
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.00M	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$5.99M	USD	2 Qtrs
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.00M	USD	1 Quarter
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-61.59M	USD	1 Quarter
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$39.97M	USD	1 Quarter
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-131.02M	USD	2 Qtrs
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.61M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-125.03M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-58.59M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$11.60M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$42.96M	USD	1 Quarter
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.47M	USD	2 Qtrs
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.50M	USD	1 Quarter
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.50M	USD	2 Qtrs
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-42.15M	USD	1 Quarter
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-120.69M	USD	2 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.06M	USD	2 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-113.19M	USD	2 Qtrs
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$11.53M	USD	2 Qtrs
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-34.65M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-93.24M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$23.13M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-238.21M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$42.96M	USD	1 Quarter
Comprehensive Income (Loss) available (related) to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-244.20M	USD	2 Qtrs
Comprehensive Income (Loss) available (related) to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-96.24M	USD	1 Quarter
Comprehensive Income (Loss) available (related) to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$39.97M	USD	1 Quarter
Comprehensive Income (Loss) available (related) to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$17.14M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.58	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.29	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.29	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.52	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.51M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	191.68M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	198.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	101.40M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.51M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.36M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	200.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.40M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-125.03M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-58.59M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$11.60M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$42.96M	USD	1 Quarter
Net amortization of premium on Agency Securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAvailableForSale`	$-13.46M	USD	2 Qtrs
Net amortization of premium on Agency Securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAvailableForSale`	$-3.45M	USD	2 Qtrs
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.50M	USD	1 Quarter
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.50M	USD	2 Qtrs
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$5.48B	USD	2 Qtrs
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.47M	USD	2 Qtrs
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$7.26B	USD	2 Qtrs
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$1.51M	USD	2 Qtrs
Proceeds from repurchase agreements with BUCKLER	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$34.68B	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$1.89M	USD	2 Qtrs
Proceeds from repurchase agreements with BUCKLER	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$57.39B	USD	2 Qtrs
Principal repayments on repurchase agreements with BUCKLER	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$31.94B	USD	2 Qtrs
Principal repayments on repurchase agreements with BUCKLER	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$54.92B	USD	2 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$10.40M	USD	2 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$16.22M	USD	2 Qtrs
Increase in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.01M	USD	2 Qtrs
Increase in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.14M	USD	2 Qtrs
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$580.51M	USD	2 Qtrs
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$18.00M	USD	2 Qtrs
Increase in accrued interest payable- repurchase agreements	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	$4.44M	USD	2 Qtrs
Increase in accrued interest payable- repurchase agreements	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	$14.90M	USD	2 Qtrs
Increase in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	$57.00K	USD	2 Qtrs
Increase in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	-	USD	2 Qtrs
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.28M	USD	2 Qtrs
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.04M	USD	2 Qtrs
Net cash and cash collateral posted to counterparties provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.30M	USD	2 Qtrs
Net cash and cash collateral posted to counterparties provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.76M	USD	2 Qtrs
Purchases of Agency Securities (includes $247,308 with BUCKLER at June 30, 2023)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$5.48B	USD	2 Qtrs
Purchases of Agency Securities (includes $247,308 with BUCKLER at June 30, 2023)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$7.26B	USD	2 Qtrs
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$287.46M	USD	2 Qtrs
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$404.01M	USD	2 Qtrs
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$4.01B	USD	2 Qtrs
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$2.20B	USD	2 Qtrs
Disbursements on reverse repurchase agreements, with BUCKLER	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	-	USD	2 Qtrs
Disbursements on reverse repurchase agreements, with BUCKLER	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$1.06B	USD	2 Qtrs
Receipts from reverse repurchase agreements, with BUCKLER	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	-	USD	2 Qtrs
Receipts from reverse repurchase agreements, with BUCKLER	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$1.25B	USD	2 Qtrs
Increase in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$647.79M	USD	2 Qtrs
Increase in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$65.00K	USD	2 Qtrs
Proceeds from subordinated loan due from BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	$105.00M	USD	2 Qtrs
Proceeds from subordinated loan due from BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	-	USD	2 Qtrs
Net cash and cash collateral posted to counterparties used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.86B	USD	2 Qtrs
Net cash and cash collateral posted to counterparties used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.56B	USD	2 Qtrs
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$255.02M	USD	2 Qtrs
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$134.14M	USD	2 Qtrs
Proceeds from repurchase agreements (including $36,419,817 and $19,406,946, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$34.68B	USD	2 Qtrs
Proceeds from repurchase agreements (including $36,419,817 and $19,406,946, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$57.39B	USD	2 Qtrs
Principal repayments on repurchase agreements (including $(35,446,806) and $(17,935,626), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$31.94B	USD	2 Qtrs
Principal repayments on repurchase agreements (including $(35,446,806) and $(17,935,626), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$54.92B	USD	2 Qtrs
Series C Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$5.99M	USD	2 Qtrs
Series C Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$5.99M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.34M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$61.27M	USD	2 Qtrs
Common stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$6.38M	USD	2 Qtrs
Common stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$1.54M	USD	2 Qtrs
Net cash and cash collateral posted to counterparties provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.61B	USD	2 Qtrs
Net cash and cash collateral posted to counterparties provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.81B	USD	2 Qtrs
Net increase in cash and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-122.48M	USD	2 Qtrs
Net increase in cash and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$98.13M	USD	2 Qtrs
Cash and cash collateral posted to counterparties - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.22M	USD	Point-in-time
Cash and cash collateral posted to counterparties - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.09M	USD	Point-in-time
Cash and cash collateral posted to counterparties - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$233.73M	USD	Point-in-time
Cash and cash collateral posted to counterparties - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$216.22M	USD	Point-in-time
Cash and cash collateral posted to counterparties - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.22M	USD	Point-in-time
Cash and cash collateral posted to counterparties - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.09M	USD	Point-in-time
Cash and cash collateral posted to counterparties - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$233.73M	USD	Point-in-time
Cash and cash collateral posted to counterparties - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$216.22M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$269.69M	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$33.78M	USD	2 Qtrs
Receivable for unsettled sales	`NoncashInvestingAndFinancingActivitiesReceivableForBrokerDealersAndClearingOrganizations`	$94.83M	USD	2 Qtrs
Receivable for unsettled sales	`NoncashInvestingAndFinancingActivitiesReceivableForBrokerDealersAndClearingOrganizations`	$427.20M	USD	2 Qtrs
Payable for unsettled purchases	`NoncashInvestingAndFinancingActivitiesPayablesToBrokerDealersAndClearingOrganizations`	$358.75M	USD	2 Qtrs
Payable for unsettled purchases	`NoncashInvestingAndFinancingActivitiesPayablesToBrokerDealersAndClearingOrganizations`	$616.43M	USD	2 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.06M	USD	2 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-120.69M	USD	2 Qtrs
Amounts receivable for issuance of common stock	`IssuanceOfCommonStockReceivable`	-	USD	2 Qtrs
Amounts receivable for issuance of common stock	`IssuanceOfCommonStockReceivable`	$3.67M	USD	2 Qtrs

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, common (in shares)	`CommonStockSharesOutstanding`	206.81M	shares	Point-in-time
Beginning balance, common (in shares)	`CommonStockSharesOutstanding`	162.91M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.28B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$972.66M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-93.24M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$23.13M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-238.21M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$42.96M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$79.70M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$258.68M	USD	2 Qtrs
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$77.48M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$134.14M	USD	2 Qtrs
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$821.00K	USD	1 Quarter
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.89M	USD	2 Qtrs
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.51M	USD	2 Qtrs
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$959.00K	USD	1 Quarter
Common stock repurchased (in shares)	`StockRepurchasedDuringPeriodShares`	0.00	shares	2 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$6.38M	USD	2 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$1.54M	USD	2 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$1.54M	USD	1 Quarter
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$2.07M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$3.00M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$5.99M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$5.99M	USD	2 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$3.00M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$32.16M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$100.34M	USD	2 Qtrs
Common stock dividends	`DividendsCommonStock`	$48.34M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$61.27M	USD	2 Qtrs
Ending balance, common (in shares)	`CommonStockSharesOutstanding`	206.81M	shares	Point-in-time
Ending balance, common (in shares)	`CommonStockSharesOutstanding`	162.91M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.28B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$972.66M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time

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