Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 174

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 174
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 financial statements and is a key determinant of the Company’s economic return (computed as the change in stockholders’ equity attributable to common stockholders plus common stock dividends declared divided by the prior period’s stockholders’ equity attributable to common stockholders), a measure which is used by the CODM to evaluate segment results and is one of the factors considered in determining capital allocation among the segments.

F-34

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

The following tables present the results of operations of the Company’s reportable operating segments for the years ended December 31, 2024, 2023 and 2022:December 31, 2024 AgencyResidential CreditMSRCorporate & OtherConsolidated(dollars in thousands)Interest income$3,340,101 $1,490,076 $— $9,857 $4,840,034 Interest expense3,367,984 1,217,780 — 6,474 4,592,238 Net interest income(27,883)272,296 — 3,383 247,796 Servicing and related income— — 485,406 — 485,406 Servicing and related expense— — 49,469 — 49,469 Net servicing income— — 435,937 — 435,937  Other income (loss) 381,691 147,449 (19,330)4,841 514,651  Less: Total general and administrative expenses 63,854 53,408 34,670 19,424 171,356  Income (loss) before income taxes 289,954 366,337 381,937 (11,200)1,027,028  Income taxes 2,026 (15,705)29,108 (169)15,260  Net income (loss) 287,928 382,042 352,829 (11,031)1,011,768  Less: Net income (loss) attributable to noncontrolling interest — 9,862 — — 9,862  Net income (loss) attributable to Annaly 287,928 372,180 352,829 (11,031)1,001,906  Dividends on preferred stock — — —