Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity (Deficit)

v2.4.0.6
Consolidated Statements of Stockholders' Equity (Deficit) (USD $)
In Thousands, except Share data, unless otherwise specified
Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total
Stockholders' equity (deficit) - beginning at Dec. 31, 2009 $ 152,500 $ 529 $ 1,033,520 $ (2,193,383) $ (633,818) $ (1,640,652)
Preferred stock, shares - beginning at Dec. 31, 2009 6,100,000         6,100,000
Common stock, shares - beginning at Dec. 31, 2009   52,912,513       52,912,513
Preferred dividends declared          (19,484)    (19,484)
Exchange of preferred stock for common stock and cash (90,917) 91 31,782 43,043    (16,001)
Exchange of preferred stock for common stock and cash, shares (3,636,679) 9,091,668       9,091,668
Issuance of common stock to directors       75       75
Issuance of common stock to directors, shares   23,003       23,003
Deconsolidation of CDO:            
Cumulative net loss          219,175    219,175
Unrealized loss (gain) on securities             40,715 40,715
Unrealized loss on derivatives designated as cash flow hedges             28,514 28,514
Net income (loss)          621,662    621,662
Other comprehensive income (loss)             518,411 518,411
Stockholders' equity (deficit) - ending at Dec. 31, 2010 61,583 620 1,065,377 (1,328,987) (46,178) (247,585)
Preferred stock, shares outstanding at Dec. 31, 2010 2,463,321         2,463,321
Common stock, shares - ending at Dec. 31, 2010   62,027,184       62,027,184
Dividends declared          (48,784)    (48,784)
Issuance of Common Stock    432 210,415       210,847
Issuance of Common Stock, shares   43,153,825       43,153,825
Deconsolidation of CDO:            
Unrealized loss (gain) on securities             (8,026) (8,026)
Unrealized loss on derivatives designated as cash flow hedges             18,353 18,353
Net income (loss)          304,519    304,519
Other comprehensive income (loss)             (37,235) (37,235)
Stockholders' equity (deficit) - ending at Dec. 31, 2011 61,583 1,052 1,275,792 (1,073,252) (73,086) 192,089
Preferred stock, shares outstanding at Dec. 31, 2011 2,463,321         2,463,321
Common stock, shares - ending at Dec. 31, 2011   105,181,009       105,181,009
Dividends declared          (131,953)    (131,953)
Issuance of Common Stock    673 434,291       434,964
Issuance of Common Stock, shares   67,344,636       67,344,636
Deconsolidation of CDO:            
Unrealized loss (gain) on securities             (59,881) (59,881)
Unrealized loss on derivatives designated as cash flow hedges             34,367 34,367
Net income (loss)          434,110    434,110
Other comprehensive income (loss)             169,364 169,364
Stockholders' equity (deficit) - ending at Dec. 31, 2012 $ 61,583 $ 1,725 $ 1,710,083 $ (771,095) $ 70,764 $ 1,073,060
Preferred stock, shares outstanding at Dec. 31, 2012 2,463,321         2,463,321
Common stock, shares - ending at Dec. 31, 2012   172,525,645       172,525,645