Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 115

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 115
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ITEM 16. FORM 10-K SUMMARY

None.

100

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIES

Financial StatementsPageReport of Independent Registered Public Accounting Firm (PCAOB ID: 42)F-1   Consolidated Financial Statements as of December 31, 2024 and 2023 and for the Years Ended December 31, 2024, 2023 and 2022 Consolidated Statements of Financial ConditionF-3   Consolidated Statements of Comprehensive Income (Loss)F-4   Consolidated Statements of Stockholders’ EquityF-5   Consolidated Statements of Cash FlowsF-6Notes To Consolidated Financial Statements Note 1.Description of BusinessF-7Note 2.Basis of PresentationF-7Note 3.Significant Accounting PoliciesF-7Note 4.Financial InstrumentsF-10Note 5.SecuritiesF-10Note 6.LoansF-14Note 7.Mortgage Servicing RightsF-15Note 8.Variable Interest EntitiesF-16Note 9.Sale of Middle Market Lending PortfolioF-18Note 10.Derivative InstrumentsF-18Note 11.Fair Value MeasurementsF-23Note 12.Intangible AssetsF-27Note 13.Secured FinancingF-27Note 14.Capital StockF-29Note 15.Long-Term Stock Incentive PlanF-31Note 16.Interest Income and Interest ExpenseF-32Note 17.Net Income (Loss) Per Common ShareF-33Note 18.Income TaxesF-33Note 19.SegmentsF-34Note 20.Risk ManagementF-38Note 21.Lease Commitments and ContingenciesF-38Note 22.Subsequent EventsF-39

101

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of Annaly Capital Management, Inc. 

Opinion on the Financial Statements 

We have audited the accompanying consolidated statements of financial condition of Annaly Capital Management, Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of comprehensive income (loss), stockholders’ equity and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (