MTGE INVESTMENT CORP. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2 BETHESDA METRO CENTER BETHESDA, MD 20814 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 123,762 | 123,640 | 169,319 | 203,431 | 206,398 | 157,314 | |||
| Cash and cash equivalent | 123,762 | 123,640 | 169,319 | 203,431 | 206,398 | 157,314 | |||
| Prepaid expense | 1,993 | 1,291 | 6,878 | 7,089 | 6,978 | ✕ | |||
| Other undisclosed current assets | (106,761) | ||||||||
| Total current assets: | 18,994 | 124,931 | 176,197 | 210,520 | 213,376 | 157,314 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 240,352 | 87,426 | 2,932 | 3,860 | |||||
| Intangible assets, net (including goodwill), including: | 5,840 | 5,840 | 5,000 | 15,000 | 17,000 | ✕ | |||
| Goodwill | 5,840 | 15,000 | 17,000 | ||||||
| Intangible assets, net (excluding goodwill) | 5,000 | ||||||||
| Other undisclosed intangible assets, net (including goodwill) | 5,840 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent assets | 5,687,850 | ||||||||
| Total noncurrent assets: | 5,934,042 | 93,266 | 5,000 | 17,932 | 20,860 | ||||
| Other undisclosed assets | 4,578,958 | 5,301,205 | 6,802,800 | 8,163,629 | 7,538,826 | ||||
| TOTAL ASSETS: | 5,953,036 | 4,797,155 | 5,482,402 | 7,031,252 | 8,397,865 | 7,696,140 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 12,547 | 6,590 | 4,580 | 7,322 | 69,715 | ||||
| Interest and dividends payable | 12,547 | 6,590 | 4,523 | 4,642 | |||||
| Taxes payable | 574 | ||||||||
| Accrued liabilities | 57 | 2,680 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 69,141 | ||||||||
| Debt | 5,423,630 | ||||||||
| Due to related parties | 1,551 | 2,347 | 1,874 | 1,863 | |||||
| Total current liabilities: | 14,098 | 8,937 | 6,454 | 5,432,815 | 69,715 | ||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 4,933,316 | 3,855,173 | 4,484,836 | 422,468 | 7,225,430 | 6,770,578 | |||
| Total liabilities: | 4,947,414 | 3,864,110 | 4,491,290 | 5,855,283 | 7,295,145 | 6,770,578 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,005,107 | 932,730 | 991,112 | 1,175,969 | 1,102,720 | 925,562 | |||
| Preferred stock | 53,039 | 53,039 | 53,039 | 53,039 | |||||
| Common stock | 458 | 458 | 476 | 512 | 514 | 360 | |||
| Additional paid in capital | 1,122,729 | 1,122,493 | 1,146,797 | 1,198,560 | 1,201,826 | 772,008 | |||
| Retained earnings (accumulated deficit) | (171,119) | (243,260) | (209,200) | (76,142) | (99,620) | 153,194 | |||
| Equity, attributable to noncontrolling interest | 515 | 315 | |||||||
| Total equity: | 1,005,622 | 933,045 | 991,112 | 1,175,969 | 1,102,720 | 925,562 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,953,036 | 4,797,155 | 5,482,402 | 7,031,252 | 8,397,865 | 7,696,140 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,814 | 21,889 | 48,925 | 83,795 | 367 | 309 | ||
| Net investment income | 1,025 | 581 | 287 | 312 | ||||
| Other operating income | 45,873 | 3,350 | ||||||
| Financial services revenue | 2,789 | 21,308 | 48,638 | 37,610 | 367 | 309 | ||
| Cost of revenue | (18,569) | (5,400) | (10,033) | (22,769) | (18,680) | (9,638) | ||
| Cost of product and service sold | (18,569) | (5,400) | (17,641) | (18,680) | (9,638) | |||
| Amortization of mortgage servicing rights (msrs) | (10,033) | (5,128) | ||||||
| Gross profit: | (14,755) | 16,489 | 38,892 | 61,026 | (18,313) | (9,329) | ||
| Operating expenses | (21,029) | (23,767) | (25,205) | (25,362) | (33,410) | (14,656) | ||
| Other operating income (expense), net | (5,337) | (17,690) | (17,367) | (15,213) | 1,589 | |||
| Other expenses | (2,696) | (9,398) | (14,739) | (11,404) | 1,589 | |||
| Operating income (loss): | (41,121) | (24,968) | (3,680) | 20,451 | (50,134) | (23,985) | ||
| Nonoperating income (expense) | 70,242 | (48,545) | (166,965) | 11,495 | (38,903) | (32,898) | ||
| Investment income, nonoperating | 64,380 | (49,204) | (166,965) | 11,495 | (38,915) | (32,898) | ||
| Interest and debt expense | (52,526) | (39,582) | (30,800) | (28,631) | (38,754) | (22,067) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (23,405) | (113,095) | (201,445) | 3,315 | (127,791) | (78,950) | ||
| Other undisclosed income from continuing operations before income taxes | 184,181 | 156,641 | 163,129 | 156,102 | 44,000 | 330,312 | ||
| Income (loss) from continuing operations before income taxes: | 160,776 | 43,546 | (38,316) | 159,417 | (83,791) | 251,362 | ||
| Income tax expense (benefit) | 550 | 125 | (42) | (200) | ||||
| Income (loss) from continuing operations: | 161,326 | 43,671 | (38,358) | 159,217 | (83,791) | 251,362 | ||
| Income (loss) before gain (loss) on sale of properties: | 161,326 | 43,671 | (38,358) | 159,217 | (83,791) | 251,362 | ||
| Net income (loss): | 161,326 | 43,671 | (38,358) | 159,217 | (83,791) | 251,362 | ||
| Net income (loss) attributable to noncontrolling interest | 9 | (2) | ||||||
| Other undisclosed net loss attributable to parent | (38) | (679) | (1,182) | |||||
| Net income (loss) attributable to parent: | 161,335 | 43,669 | (38,358) | 159,179 | (84,470) | 250,180 | ||
| Preferred stock dividends and other adjustments | (4,468) | (4,468) | (4,468) | (2,718) | ||||
| Net income (loss) available to common stockholders, diluted: | 156,867 | 39,201 | (42,826) | 156,461 | (84,470) | 250,180 | ||
Comprehensive Income ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 161,326 | 43,671 | (38,358) | 159,217 | (83,791) | 251,362 | ||
| Comprehensive income (loss): | 161,326 | 43,671 | (38,358) | 159,217 | (83,791) | 251,362 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9 | (2) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 161,335 | 43,669 | (38,358) | 159,217 | (83,791) | 251,362 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.