ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (dollars in thousands, except per share data) For The Years Ended December 31, 2023 2022 2021 Net interest income Interest income $ 3,731,581 $ 2,778,887 $ 1,983,036 Interest expense 3,842,965 1,309,735 249,243 Net interest income (111,384) 1,469,152 1,733,793 Net servicing income Servicing and related income 364,157 246,926 69,018 Servicing and related expense 37,652 25,145 12,202 Net servicing income 326,505 221,781 56,816 Other income (loss) Net gains (losses) on investments and other (2,125,618) (4,602,456) 120,958 Net gains (losses) on derivatives 400,092 4,859,174 807,730 Loan loss (provision) reversal 219 20,660 145,066 Business divestiture-related gains (losses) — (40,258) (278,559) Other, net 73,716 6,667 1,165 Total other income (loss) (1,651,591) 243,787 796,360 General and administrative expenses Compensation expense 119,592 112,703 118,451 Other general and administrative expenses 42,961 50,026 67,563 Total general and administrative expenses 162,553 162,729 186,014 Income (loss) before income taxes (1,599,023) 1,771,991 2,400,955 Income taxes 39,434 45,571 4,675 Net income (loss) (1,638,457) 1,726,420 2,396,280 Net income (loss) attributable to noncontrolling interests 4,714 1,095 6,384 Net income (loss) attributable to Annaly (1,643,171) 1,725,325 2,389,896 Dividends on preferred stock 141,676 110,623 107,532 Net income (loss) available (related) to common stockholders $ (1,784,847) $ 1,614,702 $ 2,282,364 Net income (loss) per share available (related) to common stockholders Basic $ (3.61) $ 3.93 $ 6.40 Diluted $ (3.61) $ 3.92 $ 6.39 Weighted average number of common shares outstanding Basic 494,541,323 411,348,484 356,856,520 Diluted 494,541,323 411,621,758 357,142,251 Other comprehensive income (loss) Net income (loss) $ (1,638,457) $ 1,726,420 $ 2,396,280 Unrealized gains (losses) on available-for-sale securities 580,680 (8,204,542) (2,419,618) Reclassification adjustment for net (gains) losses included in net income (loss) 1,792,816 3,537,236 3,693 Other comprehensive income (loss) 2,373,496 (4,667,306) (2,415,925) Comprehensive income (loss) 735,039 (2,940,886) (19,645) Comprehensive income (loss) attributable to noncontrolling interests 4,714 1,095 6,384 Comprehensive income (loss) attributable to Annaly 730,325 (2,941,981) (26,029) Dividends on preferred stock 141,676 110,623 107,532 Comprehensive income (loss) attributable to common stockholders $ 588,649 $ (3,052,604) $ (133,561) See notes to consolidated financial statements. ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIES Financial Statements F-4
RkJQdWJsaXNoZXIy NDQ4NTc1