Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2011 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2011 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2011 (12M ended) | 12/31/2011 (12M ended) | |||||||||||||||||
Interest income | 453,352 | (21,096 | ) | 432,256 | (4.65)% | (4.65)% | Interest income | 453,352 | (28,839 | ) | 424,513 | (6.36)% | (6.36)% | |||||
Gain/(loss) on investments, net | 3,199 | 1,082 | 4,281 | 33.83% | 0.24% | Gain/(loss) on investments, net | 3,199 | 1,082 | 4,281 | 33.83% | 0.24% | |||||||
Net income/(loss) | 279,037 | (20,014 | ) | 259,023 | (7.17)% | (4.41)% | Net income/(loss) | 279,037 | (27,757 | ) | 251,280 | (9.95)% | (6.12)% | |||||
Net income/(loss) attributable to NCI | 4,788 | (93 | ) | 4,695 | (1.94)% | (0.02)% | Net income/(loss) attributable to NCI | 4,788 | (337 | ) | 4,451 | (7.04)% | (0.07)% | |||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 274,249 | (19,921 | ) | 254,328 | (7.26)% | (4.39)% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 274,249 | (27,420 | ) | 246,829 | (10.00)% | (6.05)% | |||||
Retained earnings | (21,764 | ) | (19,921 | ) | (41,685 | ) | 91.53% | (4.39)% | Retained earnings | (21,764 | ) | (27,420 | ) | (49,184 | ) | 125.99% | (6.05)% | |
Other comprehensive income/(loss) | (386,595 | ) | 19,921 | (366,674 | ) | (5.15)% | 4.39% | Other comprehensive income/(loss) | (386,595 | ) | 27,420 | (359,175 | ) | (7.09)% | 6.05% | |||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 3.18 | (0.23 | ) | 2.95 | (7.29)% | 86,365 | Basic EPS | 3.18 | (0.32 | ) | 2.86 | (10.11)% | 86,365 | |||||
Diluted EPS | 3.18 | (0.23 | ) | 2.95 | (7.17)% | 87,804 | Diluted EPS | 3.18 | (0.32 | ) | 2.86 | (9.94)% | 87,804 | |||||
Core EPS | 3.15 | (0.24 | ) | 2.91 | (7.75)% | 86,365 | Core EPS | 3.15 | (0.33 | ) | 2.82 | (10.60)% | 86,365 |
Fiscal 2012 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2012 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2012 (12M ended) | 12/31/2012 (12M ended) | |||||||||||||||||
Interest income | 566,830 | (7,100 | ) | 559,730 | (1.25)% | (1.25)% | Interest income | 566,830 | (35,939 | ) | 530,891 | (6.34)% | (6.34)% | |||||
Gain/(loss) on investments, net | 46,989 | (556 | ) | 46,433 | (1.18)% | (0.10)% | Gain/(loss) on investments, net | 46,989 | 526 | 47,515 | 1.12% | 0.09% | ||||||
Net income/(loss) | 342,782 | (7,656 | ) | 335,126 | (2.23)% | (1.35)% | Net income/(loss) | 342,782 | (35,412 | ) | 307,370 | (10.33)% | (6.25)% | |||||
Net income/(loss) attributable to NCI | 4,108 | (93 | ) | 4,015 | (2.26)% | (0.02)% | Net income/(loss) attributable to NCI | 4,108 | (430 | ) | 3,678 | (10.47)% | (0.08)% | |||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 338,674 | (7,563 | ) | 331,111 | (2.23)% | (1.33)% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 338,674 | (34,982 | ) | 303,692 | (10.33)% | (6.17)% | |||||
Retained earnings | 10,941 | (7,563 | ) | 3,378 | (69.12)% | (1.33)% | Retained earnings | 10,941 | (34,982 | ) | (24,041 | ) | (319.74)% | (6.17)% | ||||
Other comprehensive income/(loss) | 94,343 | 7,563 | 101,906 | 8.02% | 1.33% | Other comprehensive income/(loss) | 94,343 | 34,982 | 129,325 | 37.08% | 6.17% | |||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 2.89 | (0.07 | ) | 2.82 | (2.29)% | 115,559 | Basic EPS | 2.89 | (0.31 | ) | 2.58 | (10.60)% | 115,559 | |||||
Diluted EPS | 2.89 | (0.07 | ) | 2.82 | (2.26)% | 117,012 | Diluted EPS | 2.89 | (0.30 | ) | 2.59 | (10.47)% | 117,012 | |||||
Core EPS | 2.52 | (0.06 | ) | 2.46 | (2.44)% | 115,559 | Core EPS | 2.52 | (0.31 | ) | 2.21 | (12.34)% | 115,559 |
1
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2013 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2013 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2013 (12M ended) | 12/31/2013 (12M ended) | |||||||||||||||||
Interest income | 682,360 | (1,869 | ) | 680,491 | (0.27)% | (0.27)% | Interest income | 682,360 | (37,808 | ) | 644,552 | (5.54)% | (5.54)% | |||||
Gain/(loss) on investments, net | (182,733 | ) | (479 | ) | (183,212 | ) | 0.26% | (0.07)% | Gain/(loss) on investments, net | (182,733 | ) | 47 | (182,686 | ) | (0.03)% | 0.01% | ||
Net income/(loss) | 159,822 | (2,348 | ) | 157,474 | (1.47)% | (0.34)% | Net income/(loss) | 159,822 | (37,760 | ) | 122,062 | (23.63)% | (5.53)% | |||||
Net income/(loss) attributable to NCI | 1,667 | (27 | ) | 1,640 | (1.62)% | 0.00% | Net income/(loss) attributable to NCI | 1,667 | (457 | ) | 1,210 | (27.41)% | (0.07)% | |||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 158,155 | (2,321 | ) | 155,834 | (1.47)% | (0.34)% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 158,155 | (37,303 | ) | 120,852 | (23.59)% | (5.47)% | |||||
Retained earnings | (147,329 | ) | (2,321 | ) | (149,650 | ) | 1.58% | (0.34)% | Retained earnings | (147,329 | ) | (37,303 | ) | (184,632 | ) | 25.32% | (5.47)% | |
Other comprehensive income/(loss) | (165,621 | ) | 2,321 | (163,300 | ) | (1.40)% | 0.34% | Other comprehensive income/(loss) | (165,621 | ) | 37,303 | (128,318 | ) | (22.52)% | 5.47% | |||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 1.11 | (0.02 | ) | 1.09 | (1.59)% | 132,714 | Basic EPS | 1.11 | (0.28 | ) | 0.83 | (25.63)% | 132,714 | |||||
Diluted EPS | 1.11 | (0.02 | ) | 1.09 | (1.58)% | 134,174 | Diluted EPS | 1.11 | (0.28 | ) | 0.83 | (25.35)% | 134,174 | |||||
Core EPS | 2.19 | 0.00 | 2.19 | (0.19)% | 132,714 | Core EPS | 2.19 | (0.28 | ) | 1.91 | (13.01)% | 132,714 |
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
3/31/2014 (3M ended) | 3/31/2014 (3M ended) | |||||||||||||||||
Interest income | 167,728 | 4,986 | 172,714 | 2.97% | 2.97% | Interest income | 167,728 | (32,822 | ) | 134,906 | (19.57)% | (19.57)% | ||||||
Gain/(loss) on investments, net | (17,772 | ) | (366 | ) | (18,138 | ) | 2.06% | (0.22)% | Gain/(loss) on investments, net | (17,772 | ) | (319 | ) | (18,091 | ) | 1.80% | (0.19)% | |
Net income/(loss) | (64,779 | ) | 4,620 | (60,159 | ) | (7.13)% | 2.75% | Net income/(loss) | (64,779 | ) | (33,140 | ) | (97,919 | ) | 51.16% | (19.76)% | ||
Retained earnings | (275,631 | ) | 4,620 | (271,011 | ) | (1.68)% | 2.75% | Retained earnings | (275,631 | ) | (32,683 | ) | (308,314 | ) | 11.86% | (19.49)% | ||
Other comprehensive income/(loss) | 26,874 | (4,620 | ) | 22,254 | (17.19)% | (2.75)% | Other comprehensive income/(loss) | 26,874 | 32,683 | 59,557 | 121.62% | 19.49% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (0.54 | ) | 0.04 | (0.50 | ) | (6.95)% | 123,125 | Basic EPS | (0.54 | ) | (0.27 | ) | (0.81 | ) | 49.84% | 123,125 | ||
Diluted EPS | (0.54 | ) | 0.04 | (0.50 | ) | (6.87)% | 124,550 | Diluted EPS | (0.54 | ) | (0.27 | ) | (0.81 | ) | 49.27% | 124,550 | ||
Core EPS | 0.46 | 0.04 | 0.50 | 8.80% | 123,125 | Core EPS | 0.46 | (0.27 | ) | 0.19 | (57.95)% | 123,125 |
2
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
6/30/2014 (3M ended) | 6/30/2014 (3M ended) | |||||||||||||||||
Interest income | 170,727 | 2,374 | 173,101 | 1.39% | 1.39% | Interest income | 170,727 | (30,448 | ) | 140,279 | (17.83)% | (17.83)% | ||||||
Gain/(loss) on investments, net | (20,197 | ) | (216 | ) | (20,413 | ) | 1.07% | (0.13)% | Gain/(loss) on investments, net | (20,197 | ) | (535 | ) | (20,732 | ) | 2.65% | (0.31)% | |
Net income/(loss) | (63,790 | ) | 2,158 | (61,632 | ) | (3.38)% | 1.26% | Net income/(loss) | (63,790 | ) | (30,982 | ) | (94,772 | ) | 48.57% | (18.15)% | ||
Retained earnings | (402,954 | ) | 2,158 | (400,796 | ) | (0.54)% | 1.26% | Retained earnings | (402,954 | ) | (30,525 | ) | (433,479 | ) | 7.58% | (17.88)% | ||
Other comprehensive income/(loss) | 310,505 | (2,158 | ) | 308,347 | (0.69)% | (1.26)% | Other comprehensive income/(loss) | 310,505 | 30,525 | 341,030 | 9.83% | 17.88% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (0.53 | ) | 0.02 | (0.51 | ) | (3.31)% | 123,091 | Basic EPS | (0.53 | ) | (0.25 | ) | (0.78 | ) | 47.49% | 123,091 | ||
Diluted EPS | (0.53 | ) | 0.02 | (0.51 | ) | (3.27)% | 124,516 | Diluted EPS | (0.53 | ) | (0.25 | ) | (0.78 | ) | 46.95% | 124,516 | ||
Core EPS | 0.50 | 0.02 | 0.52 | 3.86% | 123,091 | Core EPS | 0.50 | (0.25 | ) | 0.25 | (49.47)% | 123,091 |
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
6/30/2014 (6M ended) | 6/30/2014 (6M ended) | |||||||||||||||||
Interest income | 338,455 | 7,360 | 345,815 | 2.17% | 2.17% | Interest income | 338,455 | (30,448 | ) | 308,007 | (9.00)% | (9.00)% | ||||||
Gain/(loss) on investments, net | (37,969 | ) | (582 | ) | (38,551 | ) | 1.53% | (0.17)% | Gain/(loss) on investments, net | (37,969 | ) | (535 | ) | (38,504 | ) | 1.41% | (0.16)% | |
Net income/(loss) | (128,569 | ) | 6,778 | (121,791 | ) | (5.27)% | 2.00% | Net income/(loss) | (128,569 | ) | (30,982 | ) | (159,551 | ) | 24.10% | (9.15)% | ||
Retained earnings | (402,954 | ) | 6,778 | (396,176 | ) | (1.68)% | 2.00% | Retained earnings | (402,954 | ) | (30,525 | ) | (433,479 | ) | 7.58% | (9.02)% | ||
Other comprehensive income/(loss) | 310,505 | (6,778 | ) | 303,727 | (2.18)% | (2.00)% | Other comprehensive income/(loss) | 310,505 | 30,525 | 341,030 | 9.83% | 9.02% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (1.08 | ) | 0.06 | (1.02 | ) | (5.10)% | 123,108 | Basic EPS | (1.08 | ) | (0.25 | ) | (1.33 | ) | 23.30% | 123,108 | ||
Diluted EPS | (1.08 | ) | 0.05 | (1.03 | ) | (5.04)% | 124,533 | Diluted EPS | (1.08 | ) | (0.25 | ) | (1.33 | ) | 23.04% | 124,533 | ||
Core EPS | 0.97 | 0.06 | 1.03 | 6.16% | 123,108 | Core EPS | 0.97 | (0.25 | ) | 0.72 | (25.50)% | 123,108 |
3
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
9/30/2014 (3M ended) | 9/30/2014 (3M ended) | |||||||||||||||||
Interest income | 164,781 | 2,318 | 167,099 | 1.41% | 1.41% | Interest income | 164,781 | (28,131 | ) | 136,650 | (17.07)% | (17.07)% | ||||||
Gain/(loss) on investments, net | (48,364 | ) | 2,763 | (45,601 | ) | (5.71)% | 1.68% | Gain/(loss) on investments, net | (48,364 | ) | 2,228 | (46,136 | ) | (4.61)% | 1.35% | |||
Net income/(loss) | 544 | 5,080 | 5,624 | 933.88% | 3.08% | Net income/(loss) | 544 | (25,902 | ) | (25,358 | ) | (4,761.42)% | (15.72)% | |||||
Retained earnings | (466,679 | ) | 5,080 | (461,599 | ) | (1.09)% | 3.08% | Retained earnings | (466,679 | ) | (25,445 | ) | (492,124 | ) | 5.45% | (15.44)% | ||
Other comprehensive income/(loss) | 299,757 | (5,080 | ) | 294,677 | (1.69)% | (3.08)% | Other comprehensive income/(loss) | 299,757 | 25,445 | 325,202 | 8.49% | 15.44% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (0.02 | ) | 0.04 | 0.02 | (206.35)% | 123,098 | Basic EPS | (0.02 | ) | (0.21 | ) | (0.23 | ) | 1,052.09% | 123,098 | |||
Diluted EPS | (0.02 | ) | 0.04 | 0.02 | (203.92)% | 124,569 | Diluted EPS | (0.02 | ) | (0.21 | ) | (0.23 | ) | 1,039.67% | 124,569 | |||
Core EPS | 0.44 | 0.02 | 0.46 | 4.28% | 123,098 | Core EPS | 0.44 | (0.23 | ) | 0.21 | (51.94)% | 123,098 |
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
9/30/2014 (9M ended) | 9/30/2014 (9M ended) | |||||||||||||||||
Interest income | 503,236 | 9,677 | 512,913 | 1.92% | 1.92% | Interest income | 503,236 | (28,131 | ) | 475,105 | (5.59)% | (5.59)% | ||||||
Gain/(loss) on investments, net | (86,333 | ) | 2,181 | (84,152 | ) | (2.53)% | 0.43% | Gain/(loss) on investments, net | (86,333 | ) | 2,228 | (84,105 | ) | (2.58)% | 0.44% | |||
Net income/(loss) | (128,025 | ) | 11,858 | (116,167 | ) | (9.26)% | 2.36% | Net income/(loss) | (128,025 | ) | (25,902 | ) | (153,927 | ) | 20.23% | (5.15)% | ||
Retained earnings | (466,679 | ) | 11,858 | (454,821 | ) | (2.54)% | 2.36% | Retained earnings | (466,679 | ) | (25,445 | ) | (492,124 | ) | 5.45% | (5.06)% | ||
Other comprehensive income/(loss) | 299,757 | (11,858 | ) | 287,899 | (3.96)% | (2.36)% | Other comprehensive income/(loss) | 299,757 | 25,445 | 325,202 | 8.49% | 5.06% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (1.10 | ) | 0.10 | (1.00 | ) | (8.76)% | 123,105 | Basic EPS | (1.10 | ) | (0.21 | ) | (1.31 | ) | 19.13% | 123,105 | ||
Diluted EPS | (1.10 | ) | 0.10 | (1.00 | ) | (8.66)% | 124,530 | Diluted EPS | (1.10 | ) | (0.21 | ) | (1.31 | ) | 18.91% | 124,530 | ||
Core EPS | 1.41 | 0.08 | 1.49 | 5.58% | 123,105 | Core EPS | 1.41 | (0.23 | ) | 1.18 | (16.21)% | 123,105 |
4
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2014 (3M ended) | 12/31/2014 (3M ended) | |||||||||||||||||
Interest income | 173,407 | 760 | 174,167 | 0.44% | 0.44% | Interest income | 173,407 | (27,371 | ) | 146,036 | (15.78)% | (15.78)% | ||||||
Gain/(loss) on investments, net | (835 | ) | 580 | (255 | ) | (69.51)% | 0.33% | Gain/(loss) on investments, net | (835 | ) | 2,808 | 1,973 | (336.28)% | 1.62% | ||||
Net income/(loss) | (102,713 | ) | 1,340 | (101,373 | ) | (1.31)% | 0.77% | Net income/(loss) | (102,713 | ) | (24,562 | ) | (127,275 | ) | 23.91% | (14.16)% | ||
Retained earnings | (632,854 | ) | 1,190 | (631,664 | ) | (0.19)% | 0.69% | Retained earnings | (632,854 | ) | (24,255 | ) | (657,109 | ) | 3.83% | (13.99)% | ||
Other comprehensive income/(loss) | 424,592 | (1,190 | ) | 423,402 | (0.28)% | (0.69)% | Other comprehensive income/(loss) | 424,592 | 24,255 | 448,847 | 5.71% | 13.99% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (0.89 | ) | 0.01 | (0.88 | ) | (1.22)% | 123,106 | Basic EPS | (0.89 | ) | (0.20 | ) | (1.09 | ) | 22.42% | 123,106 | ||
Diluted EPS | (0.89 | ) | 0.01 | (0.88 | ) | (1.21)% | 124,531 | Diluted EPS | (0.89 | ) | (0.20 | ) | (1.09 | ) | 22.16% | 124,531 | ||
Core EPS | 0.49 | 0.01 | 0.50 | 1.26% | 123,106 | Core EPS | 0.49 | (0.22 | ) | 0.27 | (45.37)% | 123,106 |
Fiscal 2014 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2014 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2014 (12M ended) | 12/31/2014 (12M ended) | |||||||||||||||||
Interest income | 676,643 | 10,437 | 687,080 | 1.54% | 1.54% | Interest income | 676,643 | (27,371 | ) | 649,272 | (4.05)% | (4.05)% | ||||||
Gain/(loss) on investments, net | (87,168 | ) | 2,761 | (84,407 | ) | (3.17)% | 0.41% | Gain/(loss) on investments, net | (87,168 | ) | 2,808 | (84,360 | ) | (3.22)% | 0.41% | |||
Net income/(loss) | (230,738 | ) | 13,198 | (217,540 | ) | (5.72)% | 1.95% | Net income/(loss) | (230,738 | ) | (24,562 | ) | (255,300 | ) | 10.64% | (3.63)% | ||
Net income/(loss) attributable to NCI | (2,632 | ) | 150 | (2,482 | ) | (5.70)% | 0.02% | Net income/(loss) attributable to NCI | (2,632 | ) | (307 | ) | (2,939 | ) | 11.66% | (0.05)% | ||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (228,106 | ) | 13,048 | (215,058 | ) | (5.72)% | 1.93% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (228,106 | ) | (24,256 | ) | (252,362 | ) | 10.63% | (3.58)% | ||
Retained earnings | (632,854 | ) | 13,048 | (619,806 | ) | (2.06)% | 1.93% | Retained earnings | (632,854 | ) | (24,255 | ) | (657,109 | ) | 3.83% | (3.58)% | ||
Other comprehensive income/(loss) | 424,592 | (13,048 | ) | 411,544 | (3.07)% | (1.93)% | Other comprehensive income/(loss) | 424,592 | 24,255 | 448,847 | 5.71% | 3.58% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (2.00 | ) | 0.11 | (1.89 | ) | (5.36)% | 123,105 | Basic EPS | (2.00 | ) | (0.20 | ) | (2.20 | ) | 9.98% | 123,105 | ||
Diluted EPS | (2.00 | ) | 0.11 | (1.89 | ) | (5.30)% | 124,530 | Diluted EPS | (2.00 | ) | (0.20 | ) | (2.20 | ) | 9.86% | 124,530 | ||
Core EPS | 1.90 | 0.08 | 1.98 | 4.46% | 123,105 | Core EPS | 1.90 | (0.22 | ) | 1.68 | (11.70)% | 123,105 |
5
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
3/31/2015 (3M ended) | 3/31/2015 (3M ended) | |||||||||||||||||
Interest income | 167,754 | 3,783 | 171,537 | 2.26% | 2.26% | Interest income | 167,754 | (23,588 | ) | 144,166 | (14.06)% | (14.06)% | ||||||
Gain/(loss) on investments, net | 2,172 | (82 | ) | 2,090 | (3.78)% | (0.05)% | Gain/(loss) on investments, net | 2,172 | 2,726 | 4,898 | 125.50% | 1.62% | ||||||
Net income/(loss) | (11,860 | ) | 3,701 | (8,159 | ) | (31.21)% | 2.21% | Net income/(loss) | (11,860 | ) | (20,861 | ) | (32,721 | ) | 175.89% | (12.44)% | ||
Net income/(loss) attributable to NCI | (136 | ) | 42 | (94 | ) | (30.88)% | 0.03% | Net income/(loss) attributable to NCI | (136 | ) | (265 | ) | (401 | ) | 194.85% | (0.16)% | ||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (11,724 | ) | 3,659 | (8,065 | ) | (31.21)% | 2.18% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (11,724 | ) | (20,597 | ) | (32,321 | ) | 175.68% | (12.28)% | ||
Retained earnings | (705,703 | ) | 3,659 | (702,044 | ) | (0.52)% | 2.18% | Retained earnings | (705,703 | ) | (20,596 | ) | (726,299 | ) | 2.92% | (12.28)% | ||
Other comprehensive income/(loss) | 565,131 | (3,659 | ) | 561,472 | (0.65)% | (2.18)% | Other comprehensive income/(loss) | 565,131 | 20,596 | 585,727 | 3.64% | 12.28% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (0.14 | ) | 0.03 | (0.11 | ) | (21.47)% | 123,118 | Basic EPS | (0.14 | ) | (0.17 | ) | (0.31 | ) | 121.03% | 123,118 | ||
Diluted EPS | (0.14 | ) | 0.03 | (0.11 | ) | (21.23)% | 124,543 | Diluted EPS | (0.14 | ) | (0.17 | ) | (0.31 | ) | 119.64% | 124,543 | ||
Core EPS | 0.50 | 0.03 | 0.53 | 6.15% | 123,118 | Core EPS | 0.50 | (0.19 | ) | 0.31 | (38.32)% | 123,118 |
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
6/30/2015 (3M ended) | 6/30/2015 (3M ended) | |||||||||||||||||
Interest income | 160,836 | 2,393 | 163,229 | 1.49% | 1.49% | Interest income | 160,836 | (21,195 | ) | 139,641 | (13.18)% | (13.18)% | ||||||
Gain/(loss) on investments, net | 10,876 | 20 | 10,896 | 0.18% | 0.01% | Gain/(loss) on investments, net | 10,876 | 2,746 | 13,622 | 25.25% | 1.71% | |||||||
Net income/(loss) | 147,326 | 2,413 | 149,739 | 1.64% | 1.50% | Net income/(loss) | 147,326 | (18,448 | ) | 128,878 | (12.52)% | (11.47)% | ||||||
Net income/(loss) attributable to NCI | 1,685 | 27 | 1,712 | 1.60% | 0.02% | Net income/(loss) attributable to NCI | 1,685 | (238 | ) | 1,447 | (14.12)% | (0.15)% | ||||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 145,641 | 2,386 | 148,027 | 1.64% | 1.48% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 145,641 | (18,211 | ) | 127,430 | (12.50)% | (11.32)% | ||||||
Retained earnings | (621,191 | ) | 2,386 | (618,805 | ) | (0.38)% | 1.48% | Retained earnings | (621,191 | ) | (18,210 | ) | (639,401 | ) | 2.93% | (11.32)% | ||
Other comprehensive income/(loss) | 388,495 | (2,386 | ) | 386,109 | (0.61)% | (1.48)% | Other comprehensive income/(loss) | 388,495 | 18,210 | 406,705 | 4.69% | 11.32% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 1.14 | 0.02 | 1.16 | 1.72% | 123,137 | Basic EPS | 1.14 | (0.15 | ) | 0.99 | (13.14)% | 123,137 | ||||||
Diluted EPS | 1.04 | 0.02 | 1.06 | 1.64% | 141,443 | Diluted EPS | 1.04 | (0.13 | ) | 0.91 | (12.54)% | 141,443 | ||||||
Core EPS | 0.41 | 0.02 | 0.43 | 4.74% | 123,137 | Core EPS | 0.41 | (0.17 | ) | 0.24 | (41.98)% | 123,137 |
6
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
6/30/2015 (6M ended) | 6/30/2015 (6M ended) | |||||||||||||||||
Interest income | 328,590 | 6,176 | 334,766 | 1.88% | 1.88% | Interest income | 328,590 | (21,195 | ) | 307,395 | (6.45)% | (6.45)% | ||||||
Gain/(loss) on investments, net | 13,048 | (62 | ) | 12,986 | (0.48)% | (0.02)% | Gain/(loss) on investments, net | 13,048 | 2,746 | 15,794 | 21.04% | 0.84% | ||||||
Net income/(loss) | 135,466 | 6,114 | 141,580 | 4.51% | 1.86% | Net income/(loss) | 135,466 | (18,448 | ) | 117,018 | (13.62)% | (5.61)% | ||||||
Net income/(loss) attributable to NCI | 1,549 | 69 | 1,618 | 4.45% | 0.02% | Net income/(loss) attributable to NCI | 1,549 | (238 | ) | 1,311 | (15.36)% | (0.07)% | ||||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 133,917 | 6,045 | 139,962 | 4.51% | 1.84% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 133,917 | (18,211 | ) | 115,706 | (13.60)% | (5.54)% | ||||||
Retained earnings | (621,191 | ) | 6,045 | (615,146 | ) | (0.97)% | 1.84% | Retained earnings | (621,191 | ) | (18,210 | ) | (639,401 | ) | 2.93% | (5.54)% | ||
Other comprehensive income/(loss) | 388,495 | (6,045 | ) | 382,450 | (1.56)% | (1.84)% | Other comprehensive income/(loss) | 388,495 | 18,210 | 406,705 | 4.69% | 5.54% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 0.99 | 0.05 | 1.04 | 5.02% | 123,127 | Basic EPS | 0.99 | (0.15 | ) | 0.84 | (15.13)% | 123,127 | ||||||
Diluted EPS | 0.96 | 0.04 | 1.00 | 4.50% | 141,434 | Diluted EPS | 0.96 | (0.13 | ) | 0.83 | (13.59)% | 141,434 | ||||||
Core EPS | 0.91 | 0.05 | 0.96 | 5.51% | 123,127 | Core EPS | 0.91 | (0.17 | ) | 0.74 | (18.92)% | 123,127 |
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
9/30/2015 (3M ended) | 9/30/2015 (3M ended) | |||||||||||||||||
Interest income | 161,383 | (955 | ) | 160,428 | (0.59)% | (0.59)% | Interest income | 161,383 | (22,150 | ) | 139,233 | (13.72)% | (13.72)% | |||||
Gain/(loss) on investments, net | (2,958 | ) | 991 | (1,967 | ) | (33.50)% | 0.61% | Gain/(loss) on investments, net | (2,958 | ) | 3,737 | 779 | (126.33)% | 2.32% | ||||
Net income/(loss) | (140,463 | ) | 36 | (140,427 | ) | (0.03)% | 0.02% | Net income/(loss) | (140,463 | ) | (18,412 | ) | (158,875 | ) | 13.11% | (11.41)% | ||
Net income/(loss) attributable to NCI | (1,629 | ) | 1 | (1,628 | ) | (0.06)% | 0.00% | Net income/(loss) attributable to NCI | (1,629 | ) | (237 | ) | (1,866 | ) | 14.55% | (0.15)% | ||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (138,834 | ) | 35 | (138,799 | ) | (0.03)% | 0.02% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (138,834 | ) | (18,176 | ) | (157,010 | ) | 13.09% | (11.26)% | ||
Retained earnings | (813,520 | ) | 35 | (813,485 | ) | 0.00% | 0.02% | Retained earnings | (813,520 | ) | (18,175 | ) | (831,695 | ) | 2.23% | (11.26)% | ||
Other comprehensive income/(loss) | 446,857 | (35 | ) | 446,822 | (0.01)% | (0.02)% | Other comprehensive income/(loss) | 446,857 | 18,175 | 465,032 | 4.07% | 11.26% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (1.18 | ) | 0.00 | (1.18 | ) | (0.02)% | 122,047 | Basic EPS | (1.18 | ) | (0.15 | ) | (1.33 | ) | 12.78% | 122,047 | ||
Diluted EPS | (1.18 | ) | 0.00 | (1.18 | ) | (0.02)% | 123,472 | Diluted EPS | (1.18 | ) | (0.15 | ) | (1.33 | ) | 12.64% | 123,472 | ||
Core EPS | 0.40 | 0.00 | 0.40 | 0.07% | 122,047 | Core EPS | 0.40 | (0.18 | ) | 0.22 | (45.37)% | 122,047 |
7
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
9/30/2015 (9M ended) | 9/30/2015 (9M ended) | |||||||||||||||||
Interest income | 489,973 | 5,221 | 495,194 | 1.07% | 1.07% | Interest income | 489,973 | (22,150 | ) | 467,823 | (4.52)% | (4.52)% | ||||||
Gain/(loss) on investments, net | 10,090 | 929 | 11,019 | 9.21% | 0.19% | Gain/(loss) on investments, net | 10,090 | 3,737 | 13,827 | 37.04% | 0.76% | |||||||
Net income/(loss) | (4,997 | ) | 6,150 | 1,153 | (123.07)% | 1.26% | Net income/(loss) | (4,997 | ) | (18,412 | ) | (23,409 | ) | 368.45% | (3.76)% | |||
Net income/(loss) attributable to NCI | (80 | ) | 70 | (10 | ) | (87.50)% | 0.01% | Net income/(loss) attributable to NCI | (80 | ) | (237 | ) | (317 | ) | 296.25% | (0.05)% | ||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (4,917 | ) | 6,080 | 1,163 | (123.65)% | 1.24% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (4,917 | ) | (18,175 | ) | (23,092 | ) | 369.63% | (3.71)% | |||
Retained earnings | (813,520 | ) | 6,080 | (807,440 | ) | (0.75)% | 1.24% | Retained earnings | (813,520 | ) | (18,175 | ) | (831,695 | ) | 2.23% | (3.71)% | ||
Other comprehensive income/(loss) | 446,857 | (6,080 | ) | 440,777 | (1.36)% | (1.24)% | Other comprehensive income/(loss) | 446,857 | 18,175 | 465,032 | 4.07% | 3.71% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (0.18 | ) | 0.05 | (0.13 | ) | (27.75)% | 123,127 | Basic EPS | (0.18 | ) | (0.15 | ) | (0.33 | ) | 83.07% | 123,127 | ||
Diluted EPS | (0.18 | ) | 0.05 | (0.13 | ) | (27.20)% | 124,188 | Diluted EPS | (0.18 | ) | (0.15 | ) | (0.33 | ) | 82.36% | 124,188 | ||
Core EPS | 1.31 | 0.04 | 1.35 | 3.24% | 123,127 | Core EPS | 1.31 | (0.18 | ) | 1.13 | (13.73)% | 123,127 |
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2015 (3M ended) | 12/31/2015 (3M ended) | |||||||||||||||||
Interest income | 154,522 | 416 | 154,938 | 0.27% | 0.27% | Interest income | 154,522 | (21,734 | ) | 132,788 | (14.07)% | (14.07)% | ||||||
Gain/(loss) on investments, net | (31,302 | ) | 2,278 | (29,024 | ) | (7.28)% | 1.47% | Gain/(loss) on investments, net | (31,302 | ) | 6,015 | (25,287 | ) | (19.22)% | 3.89% | |||
Net income/(loss) | 110,208 | 2,694 | 112,902 | 2.44% | 1.74% | Net income/(loss) | 110,208 | (15,718 | ) | 94,490 | (14.26)% | (10.17)% | ||||||
Net income/(loss) attributable to NCI | 1,321 | 33 | 1,354 | 2.50% | 0.02% | Net income/(loss) attributable to NCI | 1,321 | (204 | ) | 1,117 | (15.44)% | (0.13)% | ||||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 108,887 | 2,661 | 111,548 | 2.44% | 1.72% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 108,887 | (15,514 | ) | 93,373 | (14.25)% | (10.04)% | ||||||
Retained earnings | (755,799 | ) | 2,661 | (753,138 | ) | (0.35)% | 1.72% | Retained earnings | (755,799 | ) | (15,514 | ) | (771,313 | ) | 2.05% | (10.04)% | ||
Other comprehensive income/(loss) | 303,110 | (2,661 | ) | 300,449 | (0.88)% | (1.72)% | Other comprehensive income/(loss) | 303,110 | 15,514 | 318,624 | 5.12% | 10.04% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 0.88 | 0.02 | 0.90 | 2.61% | 117,266 | Basic EPS | 0.88 | (0.13 | ) | 0.75 | (15.23)% | 117,266 | ||||||
Diluted EPS | 0.81 | 0.02 | 0.83 | 2.45% | 135,568 | Diluted EPS | 0.81 | (0.12 | ) | 0.69 | (14.31)% | 135,568 | ||||||
Core EPS | 0.42 | 0.00 | 0.42 | 0.84% | 117,266 | Core EPS | 0.42 | (0.19 | ) | 0.23 | (44.13)% | 117,266 |
8
Exhibit A - SAB 99 Quantitative Assessment
Fiscal 2015 - Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2015 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
12/31/2015 (12M ended) | 12/31/2015 (12M ended) | |||||||||||||||||
Interest income | 644,495 | 5,637 | 650,132 | 0.87% | 0.87% | Interest income | 644,495 | (21,734 | ) | 622,761 | (3.37)% | (3.37)% | ||||||
Gain/(loss) on investments, net | (21,212 | ) | 3,208 | (18,005 | ) | (15.12)% | 0.50% | Gain/(loss) on investments, net | (21,212 | ) | 6,016 | (15,196 | ) | (28.36)% | 0.93% | |||
Net income/(loss) | 105,211 | 8,844 | 114,055 | 8.41% | 1.37% | Net income/(loss) | 105,211 | (15,718 | ) | 89,493 | (14.94)% | (2.44)% | ||||||
Net income/(loss) attributable to NCI | 1,241 | 103 | 1,344 | 8.30% | 0.02% | Net income/(loss) attributable to NCI | 1,241 | (204 | ) | 1,037 | (16.44)% | (0.03)% | ||||||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 103,970 | 8,741 | 112,711 | 8.41% | 1.36% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | 103,970 | (15,514 | ) | 88,456 | (14.92)% | (2.41)% | ||||||
Retained earnings | (755,799 | ) | 8,741 | (747,058 | ) | (1.16)% | 1.36% | Retained earnings | (755,799 | ) | (15,514 | ) | (771,313 | ) | 2.05% | (2.41)% | ||
Other comprehensive income/(loss) | 303,110 | (8,741 | ) | 294,369 | (2.88)% | (1.36)% | Other comprehensive income/(loss) | 303,110 | 15,514 | 318,624 | 5.12% | 2.41% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | 0.67 | 0.07 | 0.74 | 10.88% | 121,378 | Basic EPS | 0.67 | (0.13 | ) | 0.54 | (19.33)% | 121,378 | ||||||
Diluted EPS | 0.67 | 0.07 | 0.74 | 10.75% | 122,844 | Diluted EPS | 0.67 | (0.13 | ) | 0.54 | (19.10)% | 122,844 | ||||||
Core EPS | 1.73 | 0.05 | 1.78 | 2.68% | 121,378 | Core EPS | 1.73 | (0.18 | ) | 1.55 | (10.35)% | 121,378 |
Fiscal 2016- Rollover method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | Fiscal 2016 - Iron curtain method | As Reported | Difference | Pro Forma if adjusted | % Change | Difference as % of interest income | |||||||
3/31/2016 (3M ended) | 3/31/2016 (3M ended) | |||||||||||||||||
Interest income | 125,980 | 1,159 | 127,139 | 0.92% | 0.92% | Interest income | 125,980 | (20,575 | ) | 105,405 | (16.33)% | (16.33)% | ||||||
Gain/(loss) on investments, net | 11,601 | 0 | 11,601 | 0.00% | 0.00% | Gain/(loss) on investments, net | 11,601 | 6,016 | 17,617 | 51.86% | 4.78% | |||||||
Net income/(loss) | (153,486 | ) | 1,159 | (152,327 | ) | (0.76)% | 0.92% | Net income/(loss) | (153,486 | ) | (14,559 | ) | (168,045 | ) | 9.49% | (11.56)% | ||
Net income/(loss) attributable to NCI | (1,897 | ) | 14 | (1,883 | ) | (0.74)% | 0.01% | Net income/(loss) attributable to NCI | (1,897 | ) | (190 | ) | (2,087 | ) | 10.02% | (0.15)% | ||
Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (151,589 | ) | 1,145 | (150,444 | ) | (0.76)% | 0.91% | Net income/(loss) attributable to Invesco Mortgage Capital Inc. | (151,589 | ) | (14,369 | ) | (165,958 | ) | 9.48% | (11.41)% | ||
Retained earnings | (957,735 | ) | 1,145 | (956,590 | ) | (0.12)% | 0.91% | Retained earnings | (957,735 | ) | (14,369 | ) | (972,104 | ) | 1.50% | (11.41)% | ||
Other comprehensive income/(loss) | 426,504 | (1,145 | ) | 425,359 | (0.27)% | (0.91)% | Other comprehensive income/(loss) | 426,504 | 14,369 | 440,873 | 3.37% | 11.41% | ||||||
Share Count | Share Count | |||||||||||||||||
Basic EPS | (1.39 | ) | 0.01 | (1.38 | ) | (0.74)% | 113,142 | Basic EPS | (1.39 | ) | (0.13 | ) | (1.52 | ) | 9.26% | 113,142 | ||
Diluted EPS | (1.39 | ) | 0.01 | (1.38 | ) | (0.73)% | 114,567 | Diluted EPS | (1.39 | ) | (0.13 | ) | (1.52 | ) | 9.14% | 114,567 | ||
Core EPS | 0.44 | 0.01 | 0.45 | 2.33% | 113,142 | Core EPS | 0.44 | (0.18 | ) | 0.26 | (41.33)% | 113,142 |
9