Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 118

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 118
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 by management and management’s estimate of fair value to the assumptions and fair value ranges developed by third-party management specialists and our independent ranges to assess management’s estimates of fair value. We also assessed the competence and objectivity of third-party management specialists engaged to evaluate the reasonableness of the fair values developed by the Company.

/s/ Ernst & Young LLP 

We have served as the Company’s auditor since 2012.

New York, New York

February 13, 2025

F-2

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(dollars in thousands, except per share data) December 31, December 31, 20242023Assets  Cash and cash equivalents (includes pledged assets of $1,202,880 and $1,136,298, respectively) (1)$1,488,027 $1,412,148 Securities (includes pledged assets of $67,692,062 and $65,400,248, respectively) (2)69,756,447 69,613,565 Loans, net (includes pledged assets of $2,754,028 and $2,082,419, respectively) (3)3,546,902 2,353,084 Mortgage servicing rights (includes pledged assets of $2,460,252 and $1,781,279, respectively)2,909,134 2,122,196 Assets transferred or pledged to securitization vehicles21,973,188 13,307,622 Derivative assets225,351 162,557 Receivable for unsettled trades2,201,447 2,710,224 Principal and interest receivable1,069,038 1,222,705 Intangible assets, net9,416 12,106 Other assets377,434 311,029 Total assets$103,556,384 $93,227,236 Liabilities and stockholders’ equity  Liabilities  Repurchase agreements$65,688,923 $62,201,543 Other secured financing750,000 500,000 Debt issued by securitization vehicles19,540,678 11,600,338 Participations issued1,154,816 1,103,835