Annaly Capital Management, Inc. Financial Statements — NLY

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	2,128	1,472	640	2,169	3,997	-615	734	1,565	1,684	275	-1,992	-548	2,720	1,954	-1,437
+ Sales & Services Revenue	2,128	1,472	640	2,169	3,997	-615	734	1,565	1,684	275	-1,992	-548	2,720	1,954	-1,437
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	132	171	237	236	232	209	200	250	224	330	272	222	186	163	163
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-132	-171	-237	-236	-232	-209	-200	-250	-224	-330	-272	-222	-186	-163	-163
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-1,996	-1,300	-402	-1,772	-3,738	837	-464	-1,431	-1,576	-52	2,174	918	-2,401	-1,772	1,599
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-1,996	-1,300	-402	-1,772	-3,738	837	-464	-1,431	-1,576	-52	2,174	918	-2,401	-1,772	1,599
Pretax Income	1,996	1,300	402	1,772	3,738	-837	464	1,431	1,576	52	-2,174	-918	2,401	1,772	-1,599
- Income Tax Expense (Benefit)	34	35	59	36	8	5	-2	-2	7	-2	-11	-28	5	46	39
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,961	1,267	344	1,736	3,730	-842	466	1,433	1,569	54	-2,163	-890	2,396	1,726	-1,638
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	-2	-2	-1	-1	- -	3	13	2	9
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	-2	-2	-1	-1	- -	3	13	2	9
Income (Loss) Incl. MI	1,961	1,267	344	1,736	3,730	-842	467	1,435	1,570	55	-2,163	-893	2,384	1,724	-1,648
- Minority Interest	- -	- -	- -	- -	- -	- -	1	1	1	- -	- -	-1	-6	-1	-5
Net Income, GAAP	1,961	1,267	344	1,736	3,730	-842	467	1,434	1,570	54	-2,163	-891	2,390	1,725	-1,643
- Preferred Dividends	19	18	17	40	72	72	72	82	110	129	137	142	108	111	142
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,943	1,249	328	1,696	3,658	-914	395	1,351	1,460	-75	-2,299	-1,033	2,282	1,615	-1,785
Basic Weighted Avg Shares	137	147	219	243	237	237	237	242	266	302	359	354	357	411	495
Basic EPS, GAAP	14.21	8.5	1.5	6.97	15.44	-3.86	1.67	5.57	5.48	-0.25	-6.41	-2.92	6.4	3.93	-3.61
Basic EPS from Cont Ops	14.34	8.62	1.58	7.14	15.75	-3.56	1.97	5.91	5.89	0.18	-6.03	-2.52	6.71	4.2	-3.31
Diluted Weighted Avg Shares	138	156	219	251	249	237	237	243	267	302	359	354	357	412	495
Diluted EPS, GAAP	14.05	7.99	1.5	6.75	14.7	-3.86	1.67	5.57	5.48	-0.25	-6.41	-2.92	6.39	3.92	-3.61
Diluted EPS from Cont Ops	14.18	8.11	1.58	6.9	14.99	-3.56	1.97	5.91	5.89	0.18	-6.03	-2.52	6.71	4.19	-3.31
EBITDA	2	2	2	4	3	5	20	42	28	72	32	41	25	21	25
EBITDA Margin (%)	0.11	0.11	0.36	0.19	0.07	-0.75	2.72	2.67	1.66	26.29	-1.58	-7.54	0.91	1.05	-1.73
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	92.17	86.11	53.86	80.03	93.31	136.9	63.55	91.62	93.19	19.77	108.57	162.5	87.85	88.28	114.37
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	9.28	10.88	9.34	8.84	6.93	5.1	5.11	5.04	5.08	5.1	4.71	4.17	3.81	3.69	3.07
Depreciation Expense	2	2	2	4	3	5	20	42	28	72	32	41	25	21	25

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	1,505	283	994	616	181	157	185	111	127	154	202	106	120	153	276
+ Cash & Cash Equivalents	1,505	283	994	616	181	157	185	111	127	154	202	106	120	153	276
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,067	516	432	728	1,474	1,299	353	322	325	426	455	284	238	1,212	3,933
+ Accounts Receivable, Net	319	345	412	419	273	278	231	270	324	357	450	268	235	637	1,223
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	748	171	20	308	1,201	1,020	122	51	1	69	5	16	3	575	2,710
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-2,571	-799	-1,426	-1,344	-1,654	-1,456	-538	-433	-452	-580	-657	-390	-357	-1,365	-4,209
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	65,964	80,902	2,086	4,060	5,952	3,196	5,423	6,850	92,564	92,624	116,065	76,273	7,570	5,130	4,213
+ LT Investments	65,964	80,902	2,086	4,060	5,952	3,196	5,423	6,850	92,564	92,624	116,065	76,273	7,570	5,130	4,213
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-65,964	-80,902	-2,086	-4,060	-5,952	-3,196	-5,423	-6,850	-92,564	-92,624	-116,065	-76,273	-7,570	-5,130	-4,213
+ Total Intangible Assets	38	51	53	62	95	133	110	758	676	659	471	228	638	1,080	353
+ Goodwill	28	42	42	55	95	95	72	72	72	72	72	72	- -	- -	- -
+ Other Intangible Assets	10	9	11	7	- -	38	39	686	604	587	399	156	638	1,080	353
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-66,002	-80,953	-2,139	-4,122	-6,047	-3,329	-5,534	-7,609	-93,239	-93,282	-116,536	-76,501	-8,208	-6,210	-4,566
Total Assets	69,376	83,027	109,630	133,452	81,922	88,355	75,191	87,905	101,760	105,788	130,295	88,455	76,764	81,851	93,227
+ Payables & Accruals	4,598	5,104	5,015	9,028	1,234	777	593	718	1,258	1,548	1,297	1,383	560	1,895	3,862
+ Accounts Payable	99	125	146	198	186	228	205	347	253	571	476	191	91	325	288
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -

Annaly Capital Management, Inc.

Income Statement

Balance Sheet