Two Harbors Investments Corp (TWO) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5584104494077383,003
Cash and cash equivalents5584104194077381,006
Short-term investments  29  1,998
Receivables181025 
Prepaid expense464031263727
Assets held-for-sale, not part of disposal group   40 
Total current assets:6214504804757813,031
Noncurrent Assets
Property, plant and equipment  1233
Long-term investments and receivables  3333
Long-term investments  3333
Restricted cash and investments     0
Deferred income tax assets24
Total noncurrent assets:24 4566
Other undisclosed assets35,27729,68224,30519,63213,78918,047
TOTAL ASSETS:35,92230,13224,78920,11214,57621,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  25293731
Accrued liabilities  25293730
Taxes payable    01
Debt  20705,00812,932
Total current liabilities:  45995,04512,964
Noncurrent Liabilities
Liabilities, other than long-term debt0     
Deferred income tax liabilities0
Total noncurrent liabilities:0     
Other undisclosed liabilities30,95125,87821,17316,6125,9544,053
Total liabilities:30,95125,87821,21816,71110,99917,016
Stockholders' equity
Stockholders' equity attributable to parent, including:4,9704,2543,5713,4013,5774,068
Preferred stock978978    
Common stock322344
Additional paid in capital5,1554,8103,6723,6603,7063,811
Accumulated other comprehensive income689111335199359856
Other undisclosed stockholders' equity attributable to parent(1,854)(1,646)(437)(462)(492)(602)
Total stockholders' equity:4,9704,2543,5713,4013,5774,068
TOTAL LIABILITIES AND EQUITY:35,92230,13224,78920,11214,57621,084

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues322311313697 
Net investment income32231131369742
Cost of revenue(75)(61)(76)(85)(87)(65)
Cost of goods and services sold  (40)(46)(50)(49)
Gross profit:(42)(38)37509(65)
Operating expenses(117)(188)(54)(66)(64)(70)
Other operating income, net
(Noninterest Income, Other Operating Income)
     19
Operating loss:(159)(227)(17)(16)(55)(117)
Nonoperating income (expense)236(103)34108168(259)
Investment income, nonoperating(108)16(10)45(211)(259)
Other nonoperating income (expense)0328(6)(22) 
Interest and debt expense(714)(520)(350)(222)(142)(107)
Loss from continuing operations before equity method investments, income taxes:(638)(849)(333)(131)(29)(483)
Other undisclosed income from continuing operations before income taxes948847631496505577
Income (loss) from continuing operations before income taxes:310(2)29836647693
Income tax expense (benefit)14(42)10(12)1674
Income (loss) from continuing operations:324(44)308353492167
Income from discontinued operations  44   
Net income (loss):324(44)352353492167
Other undisclosed net loss attributable to parent  (4)   
Net income (loss) attributable to parent:324(44)349353492167
Preferred stock dividends and other adjustments(76)(65)(25)   
Net income (loss) available to common stockholders, basic:248(110)323353492167
Interest on convertible debt  18   
Net income (loss) available to common stockholders, diluted:248(110)341353492167

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):324(44)352353492167
Other comprehensive income (loss)579(234)136(160)(497)411
Comprehensive income (loss):903(278)488193(5)578
Comprehensive loss, net of tax, attributable to noncontrolling interest  (4)   
Comprehensive income (loss), net of tax, attributable to parent:903(278)484193(5)578

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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