Two Harbors Investment Corp (TWO) Financial Statements (2024 and earlier)
Company Profile
Business Address |
1601 UTICA AVENUE SOUTH ST. LOUIS PARK, MN 55416 |
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)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 699,081 | 708,210 | 683,479 | 732,482 | 511,889 | 620,214 | |||
Cash and cash equivalents | 699,081 | 708,210 | 683,479 | 732,482 | 511,889 | 620,214 | |||
Prepaid expense | 81,800 | 100,300 | 119,000 | 72,300 | 98,800 | 120,800 | |||
Total current assets: | 780,881 | 808,510 | 802,479 | 804,782 | 610,689 | 741,014 | |||
Noncurrent Assets | |||||||||
Intangible assets, net (including goodwill) | |||||||||
Goodwill | |||||||||
Intangible assets, net (excluding goodwill) | |||||||||
Deferred income tax assets | 33,426 | ||||||||
Total noncurrent assets: | 33,426 | ||||||||
Other undisclosed assets | 13,229,118 | 13,131,781 | 12,630,255 | 13,890,775 | 13,126,761 | 11,532,794 | |||
TOTAL ASSETS: | 14,009,999 | 13,940,291 | 13,466,160 | 14,695,557 | 13,737,450 | 12,273,808 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 80,603 | ||||||||
Deferred income tax liabilities | 80,603 | ||||||||
Total noncurrent liabilities: | 80,603 | ||||||||
Other undisclosed liabilities | 11,793,990 | 11,694,608 | 11,202,032 | 12,551,080 | 11,253,826 | 9,644,504 | |||
Total liabilities: | 11,793,990 | 11,694,608 | 11,282,635 | 12,551,080 | 11,253,826 | 9,644,504 | |||
Equity | |||||||||
Equity, attributable to parent | 6,134,964 | 6,308,862 | 5,999,150 | 5,645,524 | 6,189,485 | 6,190,153 | |||
Preferred stock | 618,579 | 630,999 | 630,999 | 702,550 | 702,550 | 702,550 | |||
Common stock | 962 | 967 | 864 | 864 | 3,444 | 3,441 | |||
Additional paid in capital | 5,824,509 | 5,829,676 | 5,645,998 | 5,643,493 | 5,633,201 | 5,629,661 | |||
Accumulated other comprehensive loss | (309,086) | (152,780) | (278,711) | (701,383) | (149,710) | (145,499) | |||
Other undisclosed equity | (3,918,955) | (4,063,179) | (3,815,625) | (3,501,047) | (3,705,861) | (3,560,849) | |||
Total equity: | 2,216,009 | 2,245,683 | 2,183,525 | 2,144,477 | 2,483,624 | 2,629,304 | |||
TOTAL LIABILITIES AND EQUITY: | 14,009,999 | 13,940,291 | 13,466,160 | 14,695,557 | 13,737,450 | 12,273,808 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues (Net Investment Income) | 13,567 | 19,555 | 15,591 | 5,916 | 1,604 | 199 | ||
Cost of revenue | (34,058) | (42,449) | (32,683) | (31,252) | (34,010) | (36,897) | ||
Gross profit: | (20,491) | (22,894) | (17,092) | (25,336) | (32,406) | (36,698) | ||
Operating expenses | (11,886) | (10,484) | (15,540) | (10,688) | (9,152) | (6,625) | ||
Operating loss: | (32,377) | (33,378) | (32,632) | (36,024) | (41,558) | (43,323) | ||
Nonoperating income (expense) | 304,968 | (101,886) | (197,196) | 329,537 | (23,248) | 355,061 | ||
Investment income, nonoperating | 56,533 | (82,154) | 34,806 | 32,734 | (38,041) | |||
Interest and debt expense | (159,561) | (142,490) | (115,627) | (83,350) | (37,101) | (22,317) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | 113,030 | (277,754) | (345,455) | 210,163 | (101,907) | 289,421 | ||
Other undisclosed income from continuing operations before income taxes | 104,195 | 97,038 | 83,712 | 88,472 | 55,399 | 44,647 | ||
Income (loss) from continuing operations before income taxes: | 217,225 | (180,716) | (261,743) | 298,635 | (46,508) | 334,068 | ||
Income tax expense (benefit) | (19,780) | 3,908 | (8,480) | (21,023) | (25,912) | (48,798) | ||
Income (loss) from continuing operations: | 197,445 | (176,808) | (270,223) | 277,612 | (72,420) | 285,270 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 277,612 | (72,420) | 285,270 | |
Net income (loss) attributable to parent: | 197,445 | (176,808) | (270,223) | 277,612 | (72,420) | 285,270 | ||
Preferred stock dividends and other adjustments | (9,661) | (12,365) | 7,784 | (13,747) | (13,748) | (13,747) | ||
Other undisclosed net income (loss) available to common stockholders, basic | (1,233) | (382) | 1,022 | (1,383) | (290) | (1,293) | ||
Net income (loss) available to common stockholders, basic: | 186,551 | (189,555) | (261,417) | 262,482 | (86,458) | 270,230 | ||
Dilutive securities, effect on basic earnings per share | 4,692 | 4,662 | 4,877 | 5,042 | ||||
Other undisclosed net income available to common stockholders, diluted | 120 | 18 | 70 | 83 | ||||
Net income (loss) available to common stockholders, diluted: | 191,363 | (189,555) | (256,737) | 267,429 | (86,458) | 275,355 |
Comprehensive Income ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 197,445 | (176,808) | (270,223) | 277,612 | (72,420) | 285,270 | ||
Other comprehensive income (loss) | (156,306) | 125,931 | 422,672 | (551,673) | (4,211) | (331,845) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 41,139 | (50,877) | 152,449 | (274,061) | (76,631) | (46,575) |
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.