ANNALY CAPITAL MANAGEMENT INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
NLY$18.75-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
| ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(dollars in thousands, except per share data) | ||
|---|---|---|
| March 31, | December 31, | |
| 2024 | 2023 (1) | |
| (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents (includes pledged assets of $1,367,057 and $1,136,298, respectively) (2) | $1,665,370 | $1,412,148 |
| Securities (includes pledged assets of $61,602,873 and $65,400,248, respectively) (3) | 66,500,689 | 69,613,565 |
| Loans, net (includes pledged assets of $2,022,487 and $2,082,419, respectively) (4) | 2,717,823 | 2,353,084 |
| Mortgage servicing rights (includes pledged assets of $1,857,834 and $1,781,279, respectively) | 2,651,279 | 2,122,196 |
| Assets transferred or pledged to securitization vehicles | 15,614,750 | 13,307,622 |
| Derivative assets | 203,799 | 162,557 |
| Receivable for unsettled trades | 941,366 | 2,710,224 |
| Principal and interest receivable | 867,348 | 1,222,705 |
| Intangible assets, net | 11,433 | 12,106 |
| Other assets | 309,689 | 311,029 |
| Total assets | $91,483,546 | $93,227,236 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Repurchase agreements | $58,975,232 | $62,201,543 |
| Other secured financing | 600,000 | 500,000 |
| Debt issued by securitization vehicles | 13,690,967 | 11,600,338 |
| Participations issued | 1,161,323 | 1,103,835 |
| U.S. Treasury securities sold, not yet purchased | 2,077,404 | 2,132,751 |
| Derivative liabilities | 103,142 | 302,295 |
| Payable for unsettled trades | 2,556,798 | 3,249,389 |
| Interest payable | 350,405 | 287,937 |
| Dividends payable | 325,286 | 325,052 |
| Other liabilities | 146,876 | 179,005 |
| Total liabilities | 79,987,433 | 81,882,145 |
| Stockholders’ equity | ||
| Preferred stock, par value $0.01 per share, 63,500,000 authorized, issued and outstanding | 1,536,569 | 1,536,569 |
| Common stock, par value $0.01 per share, 1,468,250,000 authorized, 500,440,023 and 500,080,287 issued and outstanding, respectively | 5,004 | 5,001 |
| Additional paid-in capital | 23,673,687 | 23,672,391 |
| Accumulated other comprehensive income (loss) | (1,281,918) | (1,335,400) |
| Accumulated deficit | (12,523,809) | (12,622,768) |
| Total stockholders’ equity | 11,409,533 | 11,255,793 |
| Noncontrolling interests | 86,580 | 89,298 |
| Total equity | 11,496,113 | 11,345,091 |
| Total liabilities and equity | $91,483,546 | $93,227,236 |
| (1)Derived from the audited consolidated financial statements at December 31, 2023. | ||
| (2)Includes cash of consolidated Variable Interest Entities (“VIEs”) of $2.3 million and $2.0 million at March 31, 2024 and December 31, 2023, respectively. | ||
| (3)Excludes $1.8 billion and $1.5 billion at March 31, 2024 and December 31, 2023, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition. | ||
| (4)Includes $3.6 million and $1.2 million of residential mortgage loans held for sale at March 31, 2024 and December 31, 2023, respectively. | ||
| See notes to consolidated financial statements. | ||
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