AI Stock Income Statements

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Revenue

Gross Profit

Operating Profit

Net Income

Quarterly

Annual

Quarterly Income Statements

Quarterly

Annual

Unit: USD	2025-01-01	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2021-12-31	2018-12-31	2017-12-31	2017-09-30	2017-06-30	2016-09-30

asu no. 2016-01, recognition and measurement of financial assets and financial liabilities
asu no. 2016-02, leases
standard
asu no. 2016-13, financial instruments - credit losses
asu no. 2016-15, classification of certain cash receipts and cash payments
asu no. 2017-8, premium amortization of purchased callable debt securities
net gains recognized in earnings for:
agency mbs still held at period end
agency mbs sold during the period
total	5,546,000
beginning balance	1,799,000
accretion
reclassifications
eliminations in consolidation
sales
ending balance	1,976,000
cumulative credit related other-than-temporary impairments, beginning balance
additions for:
securities for which other-than-temporary impairments have not previously occurred
securities with previously recognized other-than- temporary impairments
reductions for sold or matured securities
cumulative credit related other-than-temporary impairments, ending balance
private-label mbs still held at period end
private-label mbs sold during the period
pledged with agency mbs:
repurchase agreements outstanding	4,241,855
agency mbs collateral, at fair value	4,497,184
net amount	255,329
weighted-average rate	1.03
weighted-average term to maturity	11,800
net amount represents the value of collateral in excess of corresponding repurchase obligation. the amount of collateral at-risk is limited to the outstanding repurchase obligation and not the entire collateral balance.
weighted-average outstanding balance during the three months ended
weighted-average rate during the three months ended
outstanding principal	35,300,000
annual interest rate	6,750
interest payment frequency
weighted-average interest rate	6,750
maturity
early redemption date
interest rate swaps	11,000
options on 10-year u.s. treasury note futures	1,625,000
tba and specified agency mbs commitments	3,910,000
years to maturity:
less than 3 years	1,100,000,000
3 to less than 7 years	125,000,000
7 to 10 years	2,000,000,000
total / weighted-average	3,225,000,000
effective in september / october 2017	375,000,000
purchased put options:
may 2017 expiration	700,000,000
sold call options:
april 2017 expiration	-250,000,000
total / weighted-average for sold call options	-350,000,000
purchased call options:
january 2017 expiration	950,000,000
february 2017 expiration	700,000,000
total / weighted-average for purchased put options	1,650,000,000
dollar roll positions:
4.0% coupon purchase commitments	500,000,000
4.0% coupon sale commitments	-50,000,000
total tba commitments	450,000,000
3.0% coupon purchase commitments	725,000,000
3.5% coupon purchase commitments	25,000,000
3.5% coupon sale commitments	-25,000,000
total dollar roll positions	725,000,000
tba commitments serving as economic hedges:
total economic hedges
interest rate derivatives:
interest rate swaps:
net interest expense	-5,409,000
unrealized gains	8,167,000
gains realized upon early termination	631,000
total interest rate swap gains	3,389,000
u.s. treasury note futures	135,000
options on u.s. treasury note futures	-4,417,000
other		62,000	109,000	179,000	110,000	113,000			76,000	62,000	21,000	82,000
total interest rate derivative losses	-893,000
tba and specified agency mbs commitments:
tba dollar roll income	3,398,000
other gains on agency mbs commitments	-200,000
total gains on agency mbs commitments	3,198,000
total derivative gains	2,305,000
10-year u.s. treasury note futures
purchased put options on 10-year u.s. treasury note futures	1,650,000,000
sold call options on 10-year u.s. treasury note futures	1,000,000,000
purchased call options on 10-year u.s. treasury note futures	1,000,000,000
commitments to purchase (sell) mbs	725,000,000
put options on eurodollar futures	4,000,000,000
cash collateral posted for:
tba commitments
total cash collateral posted	63,782,000
cash collateral received for interest rate swaps
assets:
derivative instruments:
total derivative instruments	5,546,000
total assets	5,546,000
liabilities:
repurchase agreements	4,241,855,000	7,183,000	6,604,000	6,125,000	2,863,000	763,000
total liabilities	4,247,951,000
deposits	72,516,000
does not include the fair value amount of financial instrument collateral pledged in respect of repurchase agreements that exceeds the associated liability presented in the consolidated balance sheets.
does not include the amount of cash collateral pledged in respect of derivative instruments that exceeds the associated derivative liability presented in the consolidated balance sheets.
level 1 inputs -
level 2 inputs -
level 3 inputs -
mbs
trading:
agency mbs	4,391,274,000
private-label mbs	1,292,000
total mbs	4,392,566,000
derivative assets	5,546,000
derivative liabilities	-6,096,000
other assets	684,000
discount rate	6,500
default rate	2,250
loss severity rate	45,000
total prepayment rate	10,250
based on face value.
total net gains
included in investment gain	162,000
included in other comprehensive income
purchases
payments	-22,000
accretion of discount	37,000
net unrealized gains included in earnings for the period for level 3 assets still held at the reporting date	162,000
basic weighted-average shares outstanding	23,652,000
performance share units and unvested restricted stock	245,000
diluted weighted-average shares outstanding	23,897,000
net income	5,254,000	-6,613,000	4,868,000	-2,218,000	3,431,000	307,000			7,241,000	22,868,000	-17,928,000	18,813,000
yoy	53.13%	-2254.07%			-52.62%	-98.66%
qoq	-179.45%	-235.85%	-319.48%	-164.65%	1017.59%				-68.34%	-227.55%	-195.30%
basic earnings per common share	220	-260	150		100				260	860	-740
diluted earnings per common share	220	-260	150		100				260	850	-740
quarter ended
march 31	625
december 31	625
september 30	625
june 30	625
•
specified agency mbs	4,391,274,000
inverse interest-only agency mbs
total agency mbs	4,391,274,000
net long agency tba dollar roll positions	472,430,000
total agency investment portfolio	4,863,704,000
private-label interest-only mbs	85,000
total private-label investment portfolio	1,292,000
total mbs investment portfolio	4,864,996,000
30-year fixed rate:
3.5%	1,841,121,000
4.0%	2,369,023,000
5.5%	20,000
total/weighted-average	4,210,164,000
fannie mae	2,559,341,000
freddie mac	1,650,823,000
30-year 4.0% coupon purchase commitments	500,000,000
30-year 4.0% coupon sale commitments	-50,000,000
total net long agency tba dollar roll positions	450,000,000
“notional amount” represents the unpaid principal balance of the underlying agency mbs.
“implied cost basis” represents the contractual forward price for the underlying agency mbs.
“implied fair value” represents the current fair value of the underlying agency mbs.
“net carrying amount” represents the difference between the implied cost basis and the current fair value of the underlying mbs. this amount is reflected on the company’s consolidated balance sheets as a component of “derivative assets, at fair value” and “derivative liabilities, at fair value.”
face amount
2,110
the implied strike rate is estimated based upon the weighted-average strike price per option contract and the price of an equivalent 10-year u.s. treasury note futures contract.
interest income	30,343,000
interest expense	10,066,000
net interest income	20,277,000								15,657,000	14,867,000	18,933,000	18,264,000
investment loss	-1,762,000
general and administrative expenses	4,925,000
income before income taxes	13,590,000	-6,414,000	6,255,000	-2,109,000	4,505,000	1,109,000			20,948,000	23,691,000	-1,191,000	34,356,000
income tax benefit	8,336,000					802,000					16,737,000
diluted earnings per share	0.22											0.81
weighted-average diluted shares outstanding	23,897
short-term secured debt	3,925,011								13,727,000	12,748,000	11,314,000
net interest income/spread
net interest margin
mbs:
net long tba position	554,846
total agency mbs portfolio	4,806,261
gaap interest income	30,343
gaap interest income plus tba dollar roll income	33,741
interest expense on short-term debt	8,859
net interest income plus tba dollar roll income	24,882
tba dollar roll income is net of implied financing costs.
otti charges on available-for-sale securities
gains on trading investments	-4,219
tba and specified agency mbs commitments, net:
other gains from tba and specified agency mbs commitments	-200
total gains on tba and specified agency mbs commitments	3,198
net interest expense on interest rate swaps	-5,409
other gains from interest rate derivative instruments	4,516
total losses on interest rate derivatives	-893
gaap net interest income	20,277
interest rate swap net interest expense	-5,409
economic net interest income	18,266
core general and administrative expenses	-4,024
non-gaap core operating income	14,242
non-gaap core operating income per diluted share	0.6
gaap income before income taxes	13,590
less:
total investment loss	1,762										-15,970,000
stock-based compensation expense	901
non-recurring proxy contest related expenses
add back:
maximum amount outstanding at any month-end during the period	4,241,855
north america	12
europe	1
asia	3
stockholders’ equity	374,481
book value per share	15.83
exhibit number
3.01
3.02
3.03
3.04
4.01
4.02
4.03
4.04
4.05
4.06
4.07
4.08
4.09
4.10
4.11
10.01
10.02
10.03
10.04
12.01
31.01
31.02
32.01
32.02
101.ins
101.sch
101.cal
101.lab
101.pre
101.def
*
**
***
arlington asset investment corp.
by:
date: may 1, 2017
msr financing receivables		5,247,000	4,709,000	4,685,000	3,608,000	3,983,000
agency mortgage-backed securities		5,417,000	5,040,000	4,976,000	3,631,000	2,065,000			30,514,000	28,771,000	31,397,000	23,917,000
credit securities and loans		2,849,000	2,802,000	2,762,000	2,736,000	991,000
mortgage loans of consolidated vies			56,000	1,398,000	2,303,000	1,611,000
total interest and other income		13,575,000	12,716,000	14,000,000	12,388,000	8,763,000
rent revenues from single-family properties					2,103,000	2,137,000
long-term debt secured by single-family properties					741,000	718,000
long-term unsecured debt		1,576,000	1,561,000	1,541,000	1,456,000	1,400,000			1,225,000	1,220,000	1,214,000
secured debt of consolidated vies				681,000	912,000	1,578,000
total interest expense		8,759,000	8,165,000	8,347,000	5,972,000	4,459,000			14,952,000	13,968,000	12,528,000	7,390,000
single-family property operating expenses					1,872,000	1,915,000
net operating income		4,816,000	4,551,000	5,653,000	6,647,000	4,526,000
investment and derivative gain		-7,997,000	6,417,000		1,235,000	370,000
compensation and benefits		2,091,000	2,037,000	2,255,000	2,256,000	2,324,000			3,505,000	3,449,000	2,804,000	3,430,000
other general and administrative expenses		1,142,000	2,676,000	1,656,000	1,121,000	1,463,000			1,442,000	1,095,000	1,350,000	1,200,000
total general and administrative expenses		3,233,000	4,713,000	3,911,000	3,377,000	3,787,000			4,947,000	4,544,000	4,154,000	4,630,000
income tax provision		199,000	1,387,000	109,000	1,074,000				13,707,000	823,000		15,543,000
dividend on preferred stock		-660,000	-660,000	-660,000	-675,000	-707,000			-133,000	-83,000	-35,000
net income (attributable) available to common stock		-7,273,000									-17,963,000
weighted-average common shares outstanding
basic		28,081,000	28,081,000	28,004,000	28,338,000	28,766,000			25,649,000	26,377,000	24,319,000	23,038
diluted		28,081,000	28,709,000	28,004,000	28,913,000	28,766,000			26,011,000	26,856,000	24,319,000	23,349
net income available (attributable) to common stock			4,208,000		2,756,000
investment and derivative loss				-3,851,000
net income attributable to common stock				-2,878,000		-400,000
basic loss per common share				-100		-10
diluted loss per common share				-100		-10
private-label mortgage-backed securities									19,000	2,000	43,000	1,655,000
total interest income									30,609,000	28,835,000	31,461,000	25,654,000
investment gain
gain on trading investments									-23,208,000	13,996,000	15,855,000	2,468,000
gain from derivative instruments									33,169,000	-572,000		15,196,000
realized gain on sale of available-for-sale investments												2,439,000
other-than-temporary impairment charges
total investment gain									10,238,000	13,368,000		20,722,000
net income available to common stock									10,076,000	22,785,000
other comprehensive income, net of taxes
unrealized losses on available-for-sale securities												-221
reclassification
included in investment gain, net, related to sales of available-for-sale securities
included in investment gain, net, related to other-than-temporary impairment charges on available-for-sale securities
comprehensive income									7,241,000	22,868,000	-17,928,000	16,268
realized loss on sale of available-for-sale investments
income from derivative instruments											-31,678,000
included in investment loss, net, related to sales of available-for-sale securities
included in investment loss, net, related to other-than- temporary impairment charges on available-for-sale securities
short-term debt												6,193,000
long-term debt												1,197,000
basic earnings per share												0.82
weighted-average shares outstanding
basic		28,081,000	28,081,000	28,004,000	28,338,000	28,766,000			25,649,000	26,377,000	24,319,000	23,038
diluted		28,081,000	28,709,000	28,004,000	28,913,000	28,766,000			26,011,000	26,856,000	24,319,000	23,349
included in investment gain, net, related to sales of available- for-sale securities												-2,324
included in investment gain, net, related to other-than- temporary impairment charges on available-for-sale securities