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)

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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments699,081708,210683,479732,482511,889620,214
Cash and cash equivalents699,081708,210683,479732,482511,889620,214
Prepaid expense81,800100,300119,00072,30098,800120,800
Total current assets:780,881808,510802,479804,782610,689741,014
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 assets13,229,11813,131,78112,630,25513,890,77513,126,76111,532,794
TOTAL ASSETS:14,009,99913,940,29113,466,16014,695,55713,737,45012,273,808
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 liabilities11,793,99011,694,60811,202,03212,551,08011,253,8269,644,504
Total liabilities:11,793,99011,694,60811,282,63512,551,08011,253,8269,644,504
Equity
Equity, attributable to parent6,134,9646,308,8625,999,1505,645,5246,189,4856,190,153
Preferred stock618,579630,999630,999702,550702,550702,550
Common stock9629678648643,4443,441
Additional paid in capital5,824,5095,829,6765,645,9985,643,4935,633,2015,629,661
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:2,216,0092,245,6832,183,5252,144,4772,483,6242,629,304
TOTAL LIABILITIES AND EQUITY:14,009,99913,940,29113,466,16014,695,55713,737,45012,273,808

Income Statement (P&L) ($ in thousands)

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)
13,56719,55515,5915,9161,604199
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, nonoperating56,533(82,154) 34,80632,734(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 taxes104,19597,03883,71288,47255,39944,647
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 share4,692 4,6624,877 5,042
Other undisclosed net income available to common stockholders, diluted120 1870 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)

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)125,931422,672(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.

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