Two Harbors Investment Corp. (TWO-PB) Financials

NYSE:TWO-PB

Market Cap

2.74B

Total Revenue

407.18M

Gross Profit

324.45M

Operating Income

549.39M

Net Income

220.24M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	727,951,000	184,534,000	599,147,000	484,640,000	392,389,000	185,729,000	427,559,000	-1,562,030,000	255,219,000	407,180,000
costOfRevenue	--	56,231,000	64,162,000	63,483,000	54,160,000	--	57,055,000	66,349,000	63,800,000	82,728,000
grossProfit	727,951,000	128,303,000	534,985,000	421,157,000	338,229,000	185,729,000	370,504,000	-1,628,379,000	191,419,000	324,452,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	41,707,000	48,803,000	50,294,000	46,434,000	40,472,000	30,272,000	60,102,000	37,723,000	35,041,000	40,723,000
sellingGeneralAndAdministrativeExpenses	41,707,000	48,803,000	50,294,000	46,434,000	40,472,000	30,272,000	60,102,000	37,723,000	35,041,000	40,723,000
operatingExpenses	56,326,000	353,837,000	45,565,000	40,479,000	382,690,000	33,309,000	60,439,000	39,145,000	-63,800,000	42,005,000
operatingIncome	763,857,000	167,139,000	492,210,000	587,476,000	308,239,000	517,204,000	310,402,000	-1,665,823,000	191,419,000	549,389,000
totalOtherIncomeExpensesNet	-104,406,000	-73,738,000	-16,490,000	-221,895,000	-10,482,000	-519,671,000	-13,560,000	--	--	-224,937,000
ebitda	765,531,000	202,467,000	619,268,000	588,759,000	689,246,000	517,204,000	310,402,000	-1,665,823,000	191,419,000	629,183,000
depreciationAndAmortization	1,674,000	1,616,000	1,362,000	1,283,000	969,000	--	--	--	--	79,794,000
interestIncome	555,591,000	577,207,000	601,937,000	633,490,000	745,089,000	870,032,000	994,690,000	525,050,000	168,597,000	295,540,000
interestExpense	100,407,000	107,450,000	142,186,000	221,895,000	350,188,000	519,671,000	714,329,000	281,248,000	89,173,000	258,395,000
incomeBeforeTax	659,451,000	93,401,000	475,720,000	365,581,000	297,757,000	-2,467,000	310,402,000	-1,665,823,000	191,419,000	324,452,000
incomeTaxExpense	84,411,000	-73,738,000	-16,490,000	12,303,000	-10,482,000	41,823,000	-13,560,000	-35,688,000	4,192,000	104,213,000
netIncome	579,039,000	167,139,000	492,210,000	353,278,000	348,571,000	-44,290,000	323,962,000	-1,630,135,000	187,227,000	220,239,000
eps	13.2	3.68	10.8	8.08	7.4	-0.86	3.72	-23.83	1.72	2.15
epsdiluted	13.2	3.68	10.8	8.08	7.24	-0.86	3.72	-23.83	1.72	2.13
weightedAverageShsOut	43,795,228	45,751,481	45,655,967	43,509,213	43,608,499	51,505,125	66,956,684	68,400,237	74,443,000	86,179,418
weightedAverageShsOutDil	43,874,048	45,751,481	45,655,967	43,509,213	47,033,335	51,505,125	66,956,684	68,400,237	74,510,884	96,076,175
costAndExpenses	56,326,000	410,068,000	109,727,000	103,962,000	436,850,000	33,309,000	60,439,000	39,145,000	-63,800,000	176,847,000
otherExpenses	14,619,000	18,539,000	-21,790,000	-5,955,000	27,758,000	3,037,000	337,000	1,422,000	-98,841,000	42,005,000

Key Facts

Industry

REIT—Mortgage

Sector

Real Estate

Headquarters

Minnetonka, MN, US

Website

twoharborsinvestment.com

CEO

Mr. William Ross Greenberg

Employees

105

About the Company

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.