Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 22

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 22
---
)506 354 (15,499)Transaction expenses and non-recurring items (5)20,283 8,209 7,620 Income tax effect of non-EAD income (loss) items3,444 31,570 46,070 TBA dollar roll income and CMBX coupon income (6)2,815 20,621 431,475 MSR amortization (7)(233,698)(182,151)(114,992)EAD attributable to noncontrolling interests(12,155)(14,639)(1,095)Premium amortization adjustment cost (benefit)(14,241)1,654 (360,587)Earnings available for distribution *1,564,625 1,554,014 1,850,138 Dividends on preferred stock154,551 141,676 110,623 Earnings available for distribution attributable to common stockholders *$1,410,074 $1,412,338 $1,739,515 GAAP net income (loss) per average common share$1.62 $(3.61)$3.93 Earnings available for distribution per average common share *$2.70 $2.86 $4.23 GAAP return (loss) on average equity8.53 %(14.33 %)14.86 %EAD return on average equity (excluding PAA) *13.28 %13.71 %16.02 %* Represents a non-GAAP financial measure. Refer to the disclosure within this section above for additional information on non-GAAP financial measures.(1) Includes write-downs or recoveries which are reported in Other, net in the Company's Consolidated Statements of Comprehensive Income (Loss).(2) The adjustment to add back Net (gains) losses on derivatives does not include the net interest component of interest rate swaps which is reflected in earnings available for distribution. The net interest component of interest rate swaps totaled $1.2 billion, $1.6 billion and $366.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.(3) Includes $0.0 million, $0.0 million, and ($2.3) million of loss provision (reversal) on unfunded loan commitments for the years ended December 31, 2024, 2023 and 2022,