← AGNC Investment Corp.

	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Operating Expenses	$105.0m	$70.0m	$100.0m	$83.0m	$93.0m	$88.0m	$74.0m	$96.0m	$110.0m	$127.0m
Additional Financial Items
Amortization of Intangible Assets	—	—	$25.0m	$0	$0	—	—	—	—	—
Gain (Loss) on Sales of Mortgage Backed Securities (MBS)	$109.0m	($63.0m)	($137.0m)	$388.0m	$1.1b	($57.0m)	($2.9b)	($1.6b)	($188.0m)	($529.0m)
Interest Income, Operating	—	—	—	—	—	—	$1.6b	$2.0b	$2.9b	$3.5b
Preferred Stock Dividends, Income Statement Impact	—	—	$36	$54	$96	$100	$105	$123	$132	$161
Net interest income	$927.0m	$769.0m	$776.0m	$693.0m	$845.0m	$1.3b	$965.0m	($246.0m)	$18.0m	$675.0m
Dividends declared per common share	—	—	$2	$2	$2	$1	$1	$1	$1	$1
Net gain (loss) on sale of investment securities	$109.0m	($63.0m)	($137.0m)	$388.0m	$1.1b	($57.0m)	($2.9b)	($1.6b)	($188.0m)	($529.0m)
(Loss) gain on derivative instruments and other securities, net	($310.0m)	$193.0m	($167.0m)	($2.3b)	($2.5b)	$1.1b	$4.6b	$386.0m	$2.0b	($1.1b)
Management Fee Income	$8.0m	$13.0m	$54.0m	$0	$0	—	—	—	—	—
Dividend on preferred stock	$28.0m	$32.0m	$36.0m	$54.0m	$96.0m	$100.0m	$105.0m	$123.0m	$132.0m	$161.0m
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	$370.0m	($52.0m)	$598.0m	($1.0b)	$622.0m	($418.0m)	($973.0m)	$155.0m	($74.0m)	$268.0m
Comprehensive income	$292.0m	$823.0m	($469.0m)	$1.7b	$356.0m	$331.0m	($2.2b)	$310.0m	$789.0m	$1.9b
Comprehensive income available to common stockholders	$264.0m	$785.0m	($505.0m)	$1.7b	$260.0m	$231.0m	($2.3b)	$187.0m	$657.0m	$1.8b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	—	—	—	—	—	—	—	—	—	—
Unrealized gain (loss) on investment securities measured at fair value through net income, net	($6.0m)	($71.0m)	($297.0m)	$2.0b	$319.0m	($1.5b)	($3.8b)	$1.7b	($885.0m)	$2.7b
Net Income (Loss) Attributable to Parent	$595.0m	$733.0m	$129.0m	$688.0m	($266.0m)	$749.0m	($1.2b)	$155.0m	$863.0m	$1.7b
Net Income (Loss) Available to Common Stockholders, Basic	$595.0m	$733.0m	$93.0m	$628.0m	($362.0m)	$649.0m	($1.3b)	$32.0m	$731.0m	$1.5b
Earnings Per Share, Basic	$1.79	$2.04	$0.21	$1.16	($0.66)	$1.23	($2.41)	$0.05	$0.93	$1.48
Earnings Per Share, Diluted	$1.79	$2.04	$0.21	$1.16	($0.66)	$1.22	($2.41)	$0.05	$0.93	$1.47
Common Stock, Dividends, Per Share, Declared	$1.79	$2.04	$0.21	$1.16	$1.56	$1.44	$1.44	$1.44	$1.44	$1.44
Preferred Stock, Dividends Per Share, Declared	$1.79	$2.04	$0.21	$1.16	($0.66)	$1.23	($2.41)	$0.05	$0.93	$1.48
Weighted Average Number of Shares Outstanding, Basic	331.9m	358.6m	441.1m	540.6m	551.6m	528.1m	537.0m	618.4m	783.4m	1.0b
Weighted average number of common shares outstanding - basic	331.9m	358.6m	441.1m	540.6m	551.6m	528.1m	537.0m	618.4m	783.4m	1.0b
Weighted average number of common shares outstanding - diluted	331.9m	358.7m	441.4m	541.4m	551.6m	530.0m	537.0m	619.6m	786.0m	1.0b
Weighted Average Number of Shares Outstanding, Diluted	331.9m	358.7m	441.4m	541.4m	551.6m	530.0m	537.0m	619.6m	786.0m	1.0b
General and Administrative Expense	$34.0m	$28.0m	$55.0m	$36.0m	$37.0m	$34.0m	$33.0m	$34.0m	$36.0m	$40.0m
General and administrative expenses	$34.0m	$28.0m	$55.0m	$36.0m	$37.0m	$34.0m	$33.0m	$34.0m	$36.0m	$40.0m
Labor and Related Expense	$19.0m	$42.0m	$45.0m	$47.0m	$56.0m	$54.0m	$41.0m	$62.0m	$74.0m	$87.0m
Issuance costs of redeemed preferred stock	$0	$6.0m	$0	$6.0m	$0	—	—	—	—	—
Nonoperating Income (Expense)	—	—	($547.0m)	$78.0m	($1.0b)	($449.0m)	($2.1b)	$497.0m	$955.0m	$1.1b
Interest Expense	—	—	$1.2b	$2.1b	$674.0m	$75.0m	$625.0m	$2.3b	$2.9b	$2.8b
Interest Expense Operating	—	—	$1.2b	$2.1b	$674.0m	$75.0m	$625.0m	$2.3b	$2.9b	$2.8b
Interest Income (Expense), Net	$927.0m	$769.0m	$776.0m	$693.0m	$845.0m	$1.3b	$965.0m	($246.0m)	$18.0m	$675.0m
Total expenses	$105.0m	$70.0m	$100.0m	$83.0m	$93.0m	$88.0m	$74.0m	$96.0m	$110.0m	$127.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.