10-Q Filing

ARMOUR RESIDENTIAL REIT, INC. CIK: 1428205 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001428205-23-000189`
Period End Date	20230930
Filing Date	20231025
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	arr-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 120 Cash Flow Statement 86 Stockholders Equity 41

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Pledged securities	`DebtSecuritiesAvailableForSaleAndTradingAgencySecuritiesPledgedFinancialInstruments`	$7.25B	USD	Point-in-time
Cash	`Cash`	$87.28M	USD	Point-in-time
Cash	`Cash`	$133.46M	USD	Point-in-time
Receivable for unsettled sales	`ReceivablesFromBrokersDealersAndClearingOrganizationsAmountOfPledgedSecurities`	$76.24M	USD	Point-in-time
Cash collateral posted to counterparties	`CashCollateralForBorrowedSecurities`	$30.81M	USD	Point-in-time
Cash collateral posted to counterparties	`CashCollateralForBorrowedSecurities`	$13.63M	USD	Point-in-time
Repurchase agreements, net	`SecuritiesSoldUnderAgreementsToRepurchase`	$6.46B	USD	Point-in-time
Repurchase agreements, net	`SecuritiesSoldUnderAgreementsToRepurchase`	$11.50B	USD	Point-in-time
Obligations to return securities received as collateral	`ObligationToReturnSecuritiesReceivedAsCollateral`	$502.66M	USD	Point-in-time
Obligations to return securities received as collateral	`ObligationToReturnSecuritiesReceivedAsCollateral`	-	USD	Point-in-time
Accrued interest payable, repurchase agreements, amounts with BUCKLER	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$30.76M	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 $76,243 at September 30, 2023)	`ReceivablesFromBrokersDealersAndClearingOrganizations`	-	USD	Point-in-time
Receivable for unsettled sales (including pledged securities of $76,243 at September 30, 2023)	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$96.49M	USD	Point-in-time
Derivatives, at fair value	`DerivativeAssets`	$984.46M	USD	Point-in-time
Accrued interest payable, U.S. Treasury Securities sold short, amounts with BUCKLER	`InterestPayableUSTreasurySecuritiesSoldShort`	-	USD	Point-in-time
Derivatives, at fair value	`DerivativeAssets`	$1.23B	USD	Point-in-time
Accrued interest payable, U.S. Treasury Securities sold short, amounts with BUCKLER	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$54.43M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$28.81M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssets`	$2.10M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssets`	$983.00K	USD	Point-in-time
Total Assets	`Assets`	$13.91B	USD	Point-in-time
Total Assets	`Assets`	$9.44B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Repurchase agreements, net (including $5,767,098 and $3,247,474, respectively with BUCKLER)	`SecuritiesSoldUnderAgreementsToRepurchase`	$6.46B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Repurchase agreements, net (including $5,767,098 and $3,247,474, respectively with BUCKLER)	`SecuritiesSoldUnderAgreementsToRepurchase`	$11.50B	USD	Point-in-time
Obligations to return securities received as collateral, at fair value (including $100,531, with BUCKLER at December 31, 2022)	`ObligationToReturnSecuritiesReceivedAsCollateral`	$502.66M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Obligations to return securities received as collateral, at fair value (including $100,531, with BUCKLER at December 31, 2022)	`ObligationToReturnSecuritiesReceivedAsCollateral`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.58M	shares	Point-in-time
Cash collateral posted by counterparties	`CashCollateralHeldForCounterparties`	$1.13B	USD	Point-in-time
Cash collateral posted by counterparties	`CashCollateralHeldForCounterparties`	$963.59M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	48.99M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.99M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.58M	shares	Point-in-time
Payable for unsettled purchases	`PayablesToBrokerDealersAndClearingOrganizations`	-	USD	Point-in-time
Payable for unsettled purchases	`PayablesToBrokerDealersAndClearingOrganizations`	$353.44M	USD	Point-in-time
Derivatives, at fair value	`DerivativeLiabilities`	$13.02M	USD	Point-in-time
Derivatives, at fair value	`DerivativeLiabilities`	-	USD	Point-in-time
Accrued interest payable- repurchase agreements (including $16,403 and $9,908, respectively with BUCKLER)	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$30.76M	USD	Point-in-time
Accrued interest payable- repurchase agreements (including $16,403 and $9,908, respectively with BUCKLER)	`InterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$19.10M	USD	Point-in-time
Accrued interest payable- U.S. Treasury Securities sold short (including $0 and $684, respectively with BUCKLER)	`InterestPayableUSTreasurySecuritiesSoldShort`	-	USD	Point-in-time
Accrued interest payable- U.S. Treasury Securities sold short (including $0 and $684, respectively with BUCKLER)	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$9.86M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$6.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$12.68B	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.32B	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, 90,000 and 60,000 shares authorized; 48,995 shares and 32,582 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $0.001 par value, 90,000 and 60,000 shares authorized; 48,995 shares and 32,582 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$49.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.32B	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`	$2.16B	USD	Point-in-time
Accumulated net loss	`RetainedEarningsAccumulatedDeficit`	$-758.54M	USD	Point-in-time
Accumulated net loss	`RetainedEarningsAccumulatedDeficit`	$-926.10M	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`	$972.66M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.28B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$944.15M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$13.91B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.44B	USD	Point-in-time

Income Statement 120 line items

Line Item	Tag	Value	Unit	Period
Interest Income (including $0 and $521 and $973 and $697, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$73.97M	USD	1 Quarter
Interest Income (including $0 and $521 and $973 and $697, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$153.64M	USD	1 Quarter
Interest Income (including $0 and $521 and $973 and $697, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$406.71M	USD	3 Qtrs
Interest Income (including $0 and $521 and $973 and $697, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$155.78M	USD	3 Qtrs
Interest expense (including $72,206 and $21,423 and $180,555 and $28,918, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$44.32M	USD	1 Quarter
Interest expense (including $72,206 and $21,423 and $180,555 and $28,918, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$59.76M	USD	3 Qtrs
Interest expense (including $72,206 and $21,423 and $180,555 and $28,918, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$150.04M	USD	1 Quarter
Interest expense (including $72,206 and $21,423 and $180,555 and $28,918, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$385.36M	USD	3 Qtrs
Interest income	`InterestIncomeDebtSecuritiesOperating`	$73.97M	USD	1 Quarter
Interest income	`InterestIncomeDebtSecuritiesOperating`	$153.64M	USD	1 Quarter
Interest income	`InterestIncomeDebtSecuritiesOperating`	$406.71M	USD	3 Qtrs
Interest income	`InterestIncomeDebtSecuritiesOperating`	$155.78M	USD	3 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$3.60M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$96.02M	USD	3 Qtrs
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$44.32M	USD	1 Quarter
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$59.76M	USD	3 Qtrs
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$150.04M	USD	1 Quarter
Interest on repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$385.36M	USD	3 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$29.64M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$21.34M	USD	3 Qtrs
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.47M	USD	3 Qtrs
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.50M	USD	3 Qtrs
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Realized loss on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	3 Qtrs
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	$4.18M	USD	3 Qtrs
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	1 Quarter
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	$4.18M	USD	1 Quarter
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$820.75M	USD	3 Qtrs
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$370.23M	USD	1 Quarter
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$291.14M	USD	1 Quarter
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$350.93M	USD	3 Qtrs
Total Other Loss	`OtherOperatingIncomeLoss`	$-171.70M	USD	1 Quarter
Total Other Loss	`OtherOperatingIncomeLoss`	$-156.59M	USD	3 Qtrs
Total Other Loss	`OtherOperatingIncomeLoss`	$-337.15M	USD	3 Qtrs
Total Other Loss	`OtherOperatingIncomeLoss`	$-164.38M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$9.72M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$28.36M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$24.97M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$8.53M	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$4.23M	USD	3 Qtrs
Compensation	`LaborAndRelatedExpense`	$1.26M	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$1.41M	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$3.68M	USD	3 Qtrs
Other operating	`OtherOperatingIncomeExpenseNet`	$-1.58M	USD	1 Quarter
Other operating	`OtherOperatingIncomeExpenseNet`	$-4.86M	USD	3 Qtrs
Other operating	`OtherOperatingIncomeExpenseNet`	$-5.23M	USD	3 Qtrs
Other operating	`OtherOperatingIncomeExpenseNet`	$-1.73M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$12.71M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$11.53M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$34.06M	USD	3 Qtrs
Total Expenses	`OperatingExpenses`	$37.27M	USD	3 Qtrs
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$4.95M	USD	3 Qtrs
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$5.85M	USD	3 Qtrs
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$1.95M	USD	1 Quarter
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$1.65M	USD	1 Quarter
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$32.31M	USD	3 Qtrs
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$9.58M	USD	1 Quarter
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$11.06M	USD	1 Quarter
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$28.21M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-269.34M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-167.56M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-179.17M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-144.31M	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$8.99M	USD	3 Qtrs
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.00M	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.00M	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$8.99M	USD	3 Qtrs
Net Loss related to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-182.16M	USD	1 Quarter
Net Loss related to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-176.55M	USD	3 Qtrs
Net Loss related to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-278.33M	USD	3 Qtrs
Net Loss related to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-147.31M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-269.34M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-167.56M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-179.17M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-144.31M	USD	1 Quarter
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.47M	USD	3 Qtrs
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.50M	USD	3 Qtrs
Reclassification adjustment for realized loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for credit loss expense on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for credit loss expense on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	$4.18M	USD	1 Quarter
Reclassification adjustment for credit loss expense on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	$4.18M	USD	3 Qtrs
Reclassification adjustment for credit loss expense on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	-	USD	3 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.06M	USD	3 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.58M	USD	1 Quarter
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-133.27M	USD	3 Qtrs
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-121.59M	USD	3 Qtrs
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.40M	USD	1 Quarter
Other Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$11.53M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-390.93M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-179.17M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-156.04M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-152.72M	USD	1 Quarter
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-165.02M	USD	3 Qtrs
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-399.91M	USD	3 Qtrs
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-182.16M	USD	1 Quarter
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-155.71M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-4.30	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-3.92	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-12.80	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-5.98	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-3.92	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-5.98	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-4.30	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-12.80	USD	3 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$4.50	USD	3 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.20	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.50	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.80	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.09M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.51M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.65M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.75M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.75M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.51M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.09M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.65M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$10.01B	USD	3 Qtrs
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$9.30B	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-269.34M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-167.56M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-179.17M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-144.31M	USD	1 Quarter
Proceeds from repurchase agreements with BUCKLER	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$89.83B	USD	3 Qtrs
Proceeds from repurchase agreements with BUCKLER	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$56.73B	USD	3 Qtrs
Net amortization of premium on Agency Securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAvailableForSale`	$-3.19M	USD	3 Qtrs
Principal repayments on repurchase agreements with BUCKLER	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$52.43B	USD	3 Qtrs
Net amortization of premium on Agency Securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAvailableForSale`	$-16.81M	USD	3 Qtrs
Principal repayments on repurchase agreements with BUCKLER	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$85.49B	USD	3 Qtrs
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.47M	USD	3 Qtrs
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.50M	USD	3 Qtrs
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Realized loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	3 Qtrs
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	$4.18M	USD	3 Qtrs
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	1 Quarter
Credit loss expense	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	$4.18M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.86M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.34M	USD	3 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$26.13M	USD	3 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$19.34M	USD	3 Qtrs
Decrease (Increase) in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00M	USD	3 Qtrs
Decrease (Increase) in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.12M	USD	3 Qtrs
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$892.21M	USD	3 Qtrs
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$259.62M	USD	3 Qtrs
Increase in accrued interest payable- repurchase agreements	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	$11.67M	USD	3 Qtrs
Increase in accrued interest payable- repurchase agreements	`IncreaseDecreaseInPayablesUnderRepurchaseAgreements`	$19.27M	USD	3 Qtrs
Decrease in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	$-3.42M	USD	3 Qtrs
Decrease in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	-	USD	3 Qtrs
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.12M	USD	3 Qtrs
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.23M	USD	3 Qtrs
Net cash and cash collateral posted to counterparties provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.47M	USD	3 Qtrs
Net cash and cash collateral posted to counterparties provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.67M	USD	3 Qtrs
Purchases of Agency Securities (includes $233,048 with BUCKLER at September 30, 2023)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$10.01B	USD	3 Qtrs
Purchases of Agency Securities (includes $233,048 with BUCKLER at September 30, 2023)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$9.30B	USD	3 Qtrs
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$451.85M	USD	3 Qtrs
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$622.33M	USD	3 Qtrs
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$4.25B	USD	3 Qtrs
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.39B	USD	3 Qtrs
Disbursements on reverse repurchase agreements, with BUCKLER	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	-	USD	3 Qtrs
Disbursements on reverse repurchase agreements, with BUCKLER	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$1.06B	USD	3 Qtrs
Receipts from reverse repurchase agreements, with BUCKLER	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$1.76B	USD	3 Qtrs
Receipts from reverse repurchase agreements, with BUCKLER	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	-	USD	3 Qtrs
Increase in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$829.35M	USD	3 Qtrs
Increase in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$169.74M	USD	3 Qtrs
Proceeds from subordinated loan due from BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	-	USD	3 Qtrs
Proceeds from subordinated loan due from BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	$105.00M	USD	3 Qtrs
Net cash and cash collateral posted to counterparties used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.56B	USD	3 Qtrs
Net cash and cash collateral posted to counterparties used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.66B	USD	3 Qtrs
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$301.38M	USD	3 Qtrs
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$450.15M	USD	3 Qtrs
Proceeds from repurchase agreements (including $53,152,051 and $32,714,577, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$89.83B	USD	3 Qtrs
Proceeds from repurchase agreements (including $53,152,051 and $32,714,577, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$56.73B	USD	3 Qtrs
Principal repayments on repurchase agreements (including $(51,336,703) and $(30,943,229), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$52.43B	USD	3 Qtrs
Principal repayments on repurchase agreements (including $(51,336,703) and $(30,943,229), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$85.49B	USD	3 Qtrs
Series C Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$8.99M	USD	3 Qtrs
Series C Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$8.99M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$157.18M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$98.41M	USD	3 Qtrs
Common stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$6.38M	USD	3 Qtrs
Common stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$1.54M	USD	3 Qtrs
Net cash and cash collateral posted to counterparties provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.49B	USD	3 Qtrs
Net cash and cash collateral posted to counterparties provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.61B	USD	3 Qtrs
Net increase (decrease) in cash and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$29.00M	USD	3 Qtrs
Net increase (decrease) in cash and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-48.44M	USD	3 Qtrs
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`	$147.09M	USD	Point-in-time
Cash and cash collateral posted to counterparties - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$307.78M	USD	Point-in-time
Cash and cash collateral posted to counterparties - beginning 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`	$147.09M	USD	Point-in-time
Cash and cash collateral posted to counterparties - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$307.78M	USD	Point-in-time
Cash and cash collateral posted to counterparties - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.22M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$68.02M	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$448.74M	USD	3 Qtrs
Receivable for unsettled sales	`NoncashInvestingAndFinancingActivitiesReceivableForBrokerDealersAndClearingOrganizations`	$96.49M	USD	3 Qtrs
Receivable for unsettled sales	`NoncashInvestingAndFinancingActivitiesReceivableForBrokerDealersAndClearingOrganizations`	$1.09B	USD	3 Qtrs
Payable for unsettled purchases	`NoncashInvestingAndFinancingActivitiesPayablesToBrokerDealersAndClearingOrganizations`	$682.61M	USD	3 Qtrs
Payable for unsettled purchases	`NoncashInvestingAndFinancingActivitiesPayablesToBrokerDealersAndClearingOrganizations`	-	USD	3 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-133.27M	USD	3 Qtrs
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.06M	USD	3 Qtrs
Amounts payable for common stock repurchased	`RepurchaseOfCommonStockAmountsPayable`	$-233.00K	USD	3 Qtrs
Amounts payable for common stock repurchased	`RepurchaseOfCommonStockAmountsPayable`	$-3.87M	USD	3 Qtrs

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, common (in shares)	`CommonStockSharesOutstanding`	48.99M	shares	Point-in-time
Beginning balance, common (in shares)	`CommonStockSharesOutstanding`	32.58M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$972.66M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.28B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.24B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$944.15M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-390.93M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-179.17M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-156.04M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-152.72M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$450.15M	USD	3 Qtrs
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$191.47M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$301.38M	USD	3 Qtrs
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$167.25M	USD	1 Quarter
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.86M	USD	3 Qtrs
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.34M	USD	3 Qtrs
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$964.00K	USD	1 Quarter
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$828.00K	USD	1 Quarter
Common stock repurchased (in shares)	`StockRepurchasedDuringPeriodShares`	0.00	shares	3 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$3.87M	USD	1 Quarter
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$6.61M	USD	3 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$5.41M	USD	3 Qtrs
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$233.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$3.00M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$8.99M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$8.99M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$3.00M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$37.15M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$56.84M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$98.41M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStock`	$157.18M	USD	3 Qtrs
Ending balance, common (in shares)	`CommonStockSharesOutstanding`	48.99M	shares	Point-in-time
Ending balance, common (in shares)	`CommonStockSharesOutstanding`	32.58M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$972.66M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.28B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.24B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$944.15M	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.