Ellington Financial Inc. (EFC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
53 Forest Ave GREENWICH, CT 06870 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 228,927 | 217,053 | 92,661 | 111,647 | 72,302 | 44,656 | |||
| Cash and cash equivalents | 228,927 | 217,053 | 92,661 | 111,647 | 72,302 | 44,656 | |||
| Total current assets: | 228,927 | 217,053 | 92,661 | 111,647 | 72,302 | 44,656 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,279 | 3,838 | ✕ | ||||||
| Property, plant and equipment | 1,110 | 1,406 | |||||||
| Intangible assets, net (including goodwill) | 2,673 | 3,275 | |||||||
| Intangible assets, net (excluding goodwill) | 2,673 | 3,275 | |||||||
| Total noncurrent assets: | 7,062 | 8,519 | |||||||
| Other undisclosed assets | 15,079,941 | 13,860,314 | 5,084,758 | 3,302,216 | 4,265,915 | 3,926,843 | |||
| TOTAL ASSETS: | 15,315,930 | 14,085,886 | 5,177,419 | 3,413,863 | 4,338,217 | 3,971,499 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,967,437 | 2,609,685 | 2,469,763 | 1,496,931 | 2,445,300 | 1,498,849 | |||
| Total current liabilities: | 2,967,437 | 2,609,685 | 2,469,763 | 1,496,931 | 2,445,300 | 1,498,849 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 10,812,881 | 10,255,315 | 1,384,100 | 995,360 | 1,024,218 | 1,877,480 | |||
| Total liabilities: | 13,780,318 | 12,865,000 | 3,853,863 | 2,492,291 | 3,469,518 | 3,376,329 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,517,071 | 1,195,967 | 1,291,321 | 885,215 | 829,265 | 563,833 | |||
| Common stock | 83 | 64 | 58 | 44 | 39 | 563,833 | |||
| Accumulated deficit | (353,360) | (290,881) | (97,279) | (141,521) | (103,555) | ||||
| Other additional capital | 1,514,797 | 1,259,352 | 1,161,603 | 915,658 | 821,747 | ||||
| Other undisclosed equity, attributable to parent | 355,551 | 227,432 | 226,939 | 111,034 | 111,034 | ||||
| Equity, attributable to noncontrolling interest | 18,541 | 24,919 | 32,235 | 36,357 | 39,434 | 31,337 | |||
| Total equity: | 1,535,612 | 1,220,886 | 1,323,556 | 921,572 | 868,699 | 595,170 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,315,930 | 14,085,886 | 5,177,419 | 3,413,863 | 4,338,217 | 3,971,499 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 370,172 | 282,218 | 175,505 | 173,531 | 159,901 | 135,041 | ||
| Net investment income | 370,172 | 282,218 | 175,505 | 173,531 | 159,901 | 131,027 | ||
| Gross profit: | 370,172 | 282,218 | 175,505 | 173,531 | 159,901 | 135,041 | ||
| Operating expenses | (187,710) | (84,965) | (65,441) | (44,838) | (38,737) | (91,916) | ||
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | 40,954 | 5,379 | 23,038 | (2,298) | 5,350 | |||
| Operating income: | 223,416 | 202,632 | 133,102 | 126,395 | 126,514 | 43,125 | ||
| Nonoperating income (expense) | 28,175 | 7,932 | (2,940) | |||||
| Investment income, nonoperating | 28,175 | 7,932 | ||||||
| Loss, foreign currency transaction, before tax | (2,940) | |||||||
| Interest and debt expense | (262,451) | (141,777) | (44,030) | (61,665) | (78,479) | (56,707) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 100,070 | (93,758) | (3,476) | (62,909) | 6,491 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 89,210 | (24,971) | 85,596 | 1,821 | 54,526 | (16,522) | ||
| Income (loss) from equity method investments | (855) | (63,614) | 58,104 | 37,933 | 10,209 | |||
| Other undisclosed loss from continuing operations before income taxes | (1,558) | |||||||
| Income (loss) from continuing operations before income taxes: | 88,355 | (88,585) | 143,700 | 39,754 | 63,177 | (16,522) | ||
| Income tax expense (benefit) | (457) | 17,716 | (3,144) | (11,377) | (1,558) | |||
| Income (loss) from continuing operations: | 87,898 | (70,869) | 140,556 | 28,377 | 61,619 | (16,522) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 140,556 | 28,377 | 61,619 | (16,522) | |
| Other undisclosed net income | 66,433 | |||||||
| Net income (loss): | 87,898 | (70,869) | 140,556 | 28,377 | 61,619 | 49,911 | ||
| Net income (loss) attributable to noncontrolling interest | (3,814) | 822 | (7,093) | (3,369) | (5,244) | (3,235) | ||
| Other undisclosed net income (loss) attributable to parent | (23,182) | (15,292) | (8,117) | (7,763) | 92 | |||
| Net income (loss) attributable to parent: | 60,902 | (85,339) | 125,346 | 17,245 | 56,467 | 46,676 | ||
| Preferred stock dividends and other adjustments | (1,466) | |||||||
| Net income (loss) available to common stockholders, diluted: | 60,902 | (85,339) | 125,346 | 17,245 | 55,001 | 46,676 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 87,898 | (70,869) | 140,556 | 28,377 | 61,619 | 49,911 | ||
| Comprehensive income (loss): | 87,898 | (70,869) | 140,556 | 28,377 | 61,619 | 49,911 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3,814) | 822 | (7,093) | (3,369) | (5,244) | (3,235) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 84,084 | (70,047) | 133,463 | 25,008 | 56,375 | 46,676 | ||
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.