Annaly Capital Management (NLY) financial statements
Net income was $2.0B.
The diluted share count rose 164% over the period (dilution).
Income statement
Fiscal years, from Annaly Capital Management's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | $250M | $224M | $330M | $272M | $222M | $186M | $163M | $163M | $171M | $200M |
| Interest expense | $658M | $1.0B | $1.9B | $2.8B | $899M | $249M | $1.3B | $3.8B | $4.6B | $4.8B |
| Pre-tax income | $1.4B | $1.6B | $52M | -$2.2B | -$918M | $2.4B | $1.8B | -$1.6B | $1.0B | $2.0B |
| Income tax | -$2M | $7M | -$2M | -$11M | -$28M | $5M | $46M | $39M | $15M | -$7M |
| Net income | $1.4B | $1.6B | $54M | -$2.2B | -$891M | $2.4B | $1.7B | -$1.6B | $1.0B | $2.0B |
| EPS (diluted) | $5.56 | $5.48 | -$0.24 | -$6.40 | -$2.92 | $6.39 | $3.92 | -$3.61 | $1.62 | $2.92 |
| Diluted shares | 243M | 267M | 302M | 359M | 354M | 357M | 412M | 495M | 523M | 641M |
Balance sheet
Fiscal years, from Annaly Capital Management's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.5B | $707M | $1.7B | $1.9B | $1.2B | $1.3B | $1.6B | $1.4B | $1.5B | $2.0B |
| Goodwill | $72M | $72M | $72M | $72M | $72M | $0 | — | — | — | — |
| Total assets | $87.9B | $101.8B | $105.8B | $130.3B | $88.5B | $76.8B | $81.9B | $93.2B | $103.6B | $135.6B |
| Total liabilities | $75.3B | $86.9B | $91.7B | $114.5B | $74.4B | $63.6B | $70.5B | $81.9B | $90.9B | $119.4B |
| Shareholders' equity | $12.6B | $14.9B | $14.1B | $15.8B | $14.0B | $13.2B | $11.3B | $11.3B | $12.6B | $16.1B |
| Net debt | -$1.5B | -$707M | -$1.7B | -$1.9B | -$1.2B | -$1.3B | -$1.6B | -$1.4B | -$1.5B | -$2.0B |
Cash flow
Fiscal years, from Annaly Capital Management's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.6B | $1.6B | $2.6B | -$1.2B | $528M | $3.1B | $5.4B | $2.4B | $3.3B | $693M |
| Dividends paid | $1.2B | $1.4B | $1.5B | $1.7B | $1.5B | $1.4B | $1.5B | $1.5B | $1.5B | $1.9B |
| Share buybacks (net) | -$103M | $0 | $0 | -$224M | -$209M | $0 | $0 | — | — | — |
| Net borrowing | $0 | $0 | — | — | — | — | — | — | — | — |
| Dividends per share | $5.03 | $5.08 | $5.10 | $4.71 | $4.17 | $3.81 | $3.69 | $3.07 | $2.86 | $2.94 |
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Open NLY in InvestinglyFrom Annaly Capital Management's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.