MFA Financial, Inc. (MFA) Financial Statements (2024 and earlier)

Company Profile

Business Address 350 PARK AVENUE
NEW YORK, NY 10022
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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments334,183304,696814,35470,62951,965449,757
Cash and cash equivalents334,183304,696814,35470,62951,965449,757
Total current assets:334,183304,696814,35470,62951,965449,757
Noncurrent Assets
Operating lease, right-of-use asset39,45939,370  
Long-term investments and receivables28,300     
Long-term investments28,300     
Intangible assets, net (including goodwill)73,27682,476  7,1897,189
Goodwill61,07661,076  7,1897,189
Intangible assets, net (excluding goodwill)12,20021,400    
Regulated entity, other noncurrent assets      206
Total noncurrent assets:141,035121,846  7,1897,395
Other undisclosed assets8,637,1878,713,1466,117,94613,496,73512,361,17310,497,582
TOTAL ASSETS:9,112,4059,139,6886,932,30013,567,36412,420,32710,954,734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    9,139,8217,879,087 
Total current liabilities:    9,139,8217,879,087 
Noncurrent Liabilities
Other undisclosed liabilities7,123,5566,596,8404,407,4981,043,5911,125,1397,693,098
Total liabilities:7,123,5566,596,8404,407,49810,183,4129,004,2267,693,098
Equity
Equity, attributable to parent, including:1,988,8492,542,8482,524,8023,383,9523,416,1013,261,636
Preferred stock    808080
Common stock1,0184,3264,5174,5244,4983,978
Additional paid in capital3,684,2913,772,2383,848,1293,640,3413,623,2753,227,304
Accumulated other comprehensive income21,34145,57877,293370,047420,288609,224
Accumulated deficit(1,717,991)(1,279,484)(1,405,327)(631,040)(632,040)(578,950)
Other undisclosed equity, attributable to parent190190190   
Total equity:1,988,8492,542,8482,524,8023,383,9523,416,1013,261,636
TOTAL LIABILITIES AND EQUITY:9,112,4059,139,6886,932,30013,567,36412,420,32710,954,734

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues453,498305,612269,290254,525104,78040,436
Net investment income446,061303,812259,440247,373103,85740,436
Cost of revenue(28,579)(53,817)(31,042)(32,235)(28,423) 
Provision for loan, lease, and other losses(28,579)    
Gross profit:424,919251,795238,248222,29076,35740,436
Operating expenses(164,634)(69,196)(110,472)(64,875)(51,240)(71,901)
Other operating income (expense), net9,29730,040(18,885)14,9455,47429,423
Operating income (loss):269,582212,639108,891172,36030,591(2,042)
Nonoperating income (expense)
(Investment Income, Nonoperating)
255,179 (57,034)(16,500)(9,610)38,545
Interest and debt expense(258,843)(120,385)(268,758)(332,356)(232,186)(197,141)
Income (loss) from continuing operations:265,91892,254(216,901)(176,496)(211,205)(160,638)
Income (loss) before gain (loss) on sale of properties:92,254(216,901)(176,496)(211,205)(160,638)
Net income (loss):265,91892,254(216,901)(176,496)(211,205)(160,638)
Other undisclosed net income (loss) attributable to parent(497,499)236,616(462,489)554,613513,006483,031
Net income (loss) attributable to parent:(231,581)328,870(679,390)378,117301,801322,393
Preferred stock dividends and other adjustments   (29,796)(15,000)(15,000)(15,000)
Other undisclosed net loss available to common stockholders, basic(33,502)(33,919)(229)(1,087)  
Net income (loss) available to common stockholders, basic:(265,083)294,951(709,415)362,030286,801307,393
Interest on convertible debt 15,668 8,965  
Other undisclosed net income available to common stockholders, diluted 1,044    
Net income (loss) available to common stockholders, diluted:(265,083)311,663(709,415)370,995286,801307,393

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):265,91892,254(216,901)(176,496)(211,205)(160,638)
Comprehensive income (loss):265,91892,254(216,901)(176,496)(211,205)(160,638)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(521,736)204,901(755,243)504,372324,070518,573
Comprehensive income (loss), net of tax, attributable to parent:(255,818)297,155(972,144)327,876112,865357,935

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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