Two Harbors Investments Corp (TWO) financial statements (2021 and earlier)

Company profile

Business Address 601 CARLSON PARKWAY
MINNETONKA, MN 55305
State of Incorp.
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,385558410449407738
Cash and cash equivalents1,385558410419407738
Short-term investments   29  
Receivables23181025
Prepaid expense814640312637
Assets held-for-sale, not part of disposal group    40 
Total current assets:1,488621450480475781
Noncurrent Assets
Property, plant and equipment   123
Long-term investments and receivables   333
Long-term investments   333
Deferred income tax assets6424
Total noncurrent assets:6424 456
Other undisclosed assets17,96435,27729,68224,30519,63213,789
TOTAL ASSETS:19,51635,92230,13224,78920,11214,576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   252937
Accrued liabilities   252937
Taxes payable     0
Debt   20705,008
Total current liabilities:   45995,045
Noncurrent Liabilities
Liabilities, other than long-term debt 0    
Deferred income tax liabilities 0
Total noncurrent liabilities: 0    
Other undisclosed liabilities16,42730,95125,87821,17316,6125,954
Total liabilities:16,42730,95125,87821,21816,71110,999
Stockholders' equity
Stockholders' equity attributable to parent, including:3,0894,9704,2543,5713,4013,577
Preferred stock978978978   
Common stock332234
Additional paid in capital5,1645,1554,8103,6723,6603,706
Accumulated other comprehensive income642689111335199359
Other undisclosed stockholders' equity attributable to parent(3,697)(1,854)(1,646)(437)(462)(492)
Total stockholders' equity:3,0894,9704,2543,5713,4013,577
TOTAL LIABILITIES AND EQUITY:19,51635,92230,13224,78920,11214,576

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues
(Net Investment Income)
9322311313697
Cost of revenue(132)(75)(61)(76)(85)(87)
Cost of goods and services sold   (40)(46)(50)
Gross profit:(123)(42)(38)37509
Operating expenses(66)(117)(188)(54)(66)(64)
Operating loss:(189)(159)(227)(17)(16)(55)
Nonoperating income (expense)(1,712)236(103)34108168
Investment income, nonoperating(311)(108)16(10)45(211)
Other nonoperating income (expense)10328(6)(22)
Interest and debt expense(281)(714)(520)(350)(222)(142)
Loss from continuing operations before equity method investments, income taxes:(2,182)(638)(849)(333)(131)(29)
Other undisclosed income from continuing operations before income taxes516948847631496505
Income (loss) from continuing operations before income taxes:(1,666)310(2)298366476
Income tax expense (benefit)3614(42)10(12)16
Income (loss) from continuing operations:(1,630)324(44)308353492
Income from discontinued operations   44  
Net income (loss):(1,630)324(44)352353492
Other undisclosed net loss attributable to parent   (4)  
Net income (loss) attributable to parent:(1,630)324(44)349353492
Preferred stock dividends and other adjustments(76)(76)(65)(25)  
Net income (loss) available to common stockholders, basic:(1,706)248(110)323353492
Interest on convertible debt   18  
Net income (loss) available to common stockholders, diluted:(1,706)248(110)341353492

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,630)324(44)352353492
Other comprehensive income (loss)(48)579(234)136(160)(497)
Comprehensive income (loss):(1,678)903(278)488193(5)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (4)  
Comprehensive income (loss), net of tax, attributable to parent:(1,678)903(278)484193(5)

Statements sources

The financial statements are based on the company's filings with the 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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