Ellington Residential Mortgage REIT
NYSE:EARN
Income Statement
Earnings Waterfall
Ellington Residential Mortgage REIT
Revenue
|
42.5m
USD
|
Cost of Revenue
|
-48.9m
USD
|
Gross Profit
|
-6.4m
USD
|
Operating Expenses
|
-1.9m
USD
|
Operating Income
|
-8.2m
USD
|
Other Expenses
|
12.8m
USD
|
Net Income
|
4.6m
USD
|
Income Statement
Ellington Residential Mortgage REIT
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
28
N/A
|
40
+42%
|
47
+18%
|
47
+1%
|
47
-1%
|
45
-4%
|
43
-4%
|
43
0%
|
41
-6%
|
40
-2%
|
38
-6%
|
34
-11%
|
34
0%
|
36
+8%
|
40
+9%
|
45
+15%
|
49
+9%
|
50
+2%
|
53
+6%
|
54
+1%
|
55
+1%
|
54
-1%
|
52
-4%
|
49
-5%
|
44
-11%
|
41
-6%
|
32
-21%
|
30
-8%
|
27
-8%
|
24
-12%
|
30
+27%
|
28
-8%
|
28
+1%
|
28
+0%
|
28
-3%
|
32
+15%
|
35
+11%
|
38
+8%
|
39
+3%
|
41
+5%
|
43
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(16)
|
(19)
|
(23)
|
(28)
|
(31)
|
(34)
|
(36)
|
(39)
|
(41)
|
(41)
|
(39)
|
(35)
|
(29)
|
(21)
|
(14)
|
(9)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(11)
|
(18)
|
(27)
|
(37)
|
(45)
|
(49)
|
|
Gross Profit |
22
N/A
|
32
+45%
|
39
+22%
|
40
+1%
|
39
-1%
|
37
-5%
|
35
-6%
|
34
-2%
|
31
-10%
|
29
-5%
|
26
-11%
|
21
-19%
|
21
-2%
|
22
+8%
|
24
+6%
|
26
+9%
|
26
+0%
|
23
-12%
|
22
-2%
|
20
-11%
|
18
-9%
|
15
-17%
|
11
-25%
|
8
-26%
|
5
-42%
|
6
+17%
|
4
-31%
|
9
+132%
|
13
+43%
|
15
+14%
|
23
+56%
|
21
-9%
|
22
+2%
|
21
-1%
|
20
-9%
|
20
+3%
|
17
-16%
|
11
-34%
|
2
-80%
|
(4)
N/A
|
(6)
-51%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Other Operating Expenses |
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Operating Income |
20
N/A
|
30
+45%
|
37
+23%
|
37
+1%
|
37
-1%
|
35
-5%
|
33
-6%
|
32
-2%
|
29
-8%
|
28
-5%
|
25
-11%
|
20
-19%
|
19
-5%
|
21
+8%
|
22
+7%
|
24
+9%
|
24
+0%
|
21
-13%
|
21
-2%
|
18
-11%
|
17
-10%
|
14
-18%
|
10
-28%
|
7
-31%
|
3
-51%
|
4
+25%
|
2
-43%
|
8
+224%
|
12
+52%
|
13
+16%
|
22
+62%
|
20
-10%
|
20
+2%
|
20
-1%
|
18
-9%
|
18
+3%
|
15
-18%
|
9
-38%
|
0
-96%
|
(6)
N/A
|
(8)
-36%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(22)
|
(30)
|
(16)
|
(20)
|
(20)
|
(18)
|
(26)
|
(34)
|
(29)
|
(32)
|
(26)
|
(9)
|
(7)
|
(7)
|
(10)
|
(12)
|
(14)
|
(16)
|
(16)
|
(19)
|
(28)
|
(12)
|
(10)
|
(4)
|
19
|
(8)
|
16
|
15
|
9
|
24
|
(10)
|
(16)
|
(26)
|
(44)
|
(48)
|
(63)
|
(45)
|
(20)
|
1
|
10
|
13
|
|
Pre-Tax Income |
(2)
N/A
|
(0)
+85%
|
20
N/A
|
17
-16%
|
16
-6%
|
17
+6%
|
6
-64%
|
(2)
N/A
|
0
N/A
|
(4)
N/A
|
(1)
+85%
|
11
N/A
|
12
+9%
|
14
+19%
|
12
-13%
|
12
-2%
|
11
-10%
|
5
-56%
|
5
+4%
|
(0)
N/A
|
(11)
-2 590%
|
2
N/A
|
(0)
N/A
|
2
N/A
|
22
+798%
|
(3)
N/A
|
18
N/A
|
22
+24%
|
20
-10%
|
37
+84%
|
11
-70%
|
4
-65%
|
(6)
N/A
|
(24)
-279%
|
(30)
-26%
|
(45)
-48%
|
(30)
+32%
|
(10)
+66%
|
2
N/A
|
4
+145%
|
5
+20%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(2)
|
(0)
|
20
|
17
|
16
|
17
|
6
|
(2)
|
0
|
(4)
|
(1)
|
11
|
12
|
14
|
12
|
12
|
11
|
5
|
5
|
(0)
|
(11)
|
2
|
(0)
|
2
|
22
|
(3)
|
18
|
22
|
20
|
37
|
11
|
4
|
(6)
|
(24)
|
(30)
|
(45)
|
(30)
|
(10)
|
2
|
4
|
5
|
|
Net Income (Common) |
(2)
N/A
|
(0)
+85%
|
20
N/A
|
17
-16%
|
16
-6%
|
17
+6%
|
6
-64%
|
(2)
N/A
|
0
N/A
|
(4)
N/A
|
(1)
+85%
|
11
N/A
|
12
+9%
|
14
+19%
|
12
-13%
|
12
-2%
|
11
-10%
|
5
-56%
|
5
+4%
|
(0)
N/A
|
(11)
-2 590%
|
2
N/A
|
(0)
N/A
|
2
N/A
|
22
+798%
|
(3)
N/A
|
18
N/A
|
22
+24%
|
20
-10%
|
37
+84%
|
11
-70%
|
4
-65%
|
(6)
N/A
|
(24)
-279%
|
(30)
-26%
|
(45)
-48%
|
(30)
+32%
|
(10)
+66%
|
2
N/A
|
4
+145%
|
5
+20%
|
|
EPS (Diluted) |
-0.2
N/A
|
-0.03
+85%
|
2.24
N/A
|
1.89
-16%
|
1.77
-6%
|
1.87
+6%
|
0.68
-64%
|
-0.24
N/A
|
0
N/A
|
-0.43
N/A
|
-0.07
+84%
|
1.19
N/A
|
1.31
+10%
|
1.55
+18%
|
1.14
-26%
|
0.91
-20%
|
0.93
+2%
|
0.36
-61%
|
0.38
+6%
|
-0.03
N/A
|
-0.88
-2 833%
|
0.13
N/A
|
-0.02
N/A
|
0.21
N/A
|
1.79
+752%
|
-0.28
N/A
|
1.46
N/A
|
1.82
+25%
|
1.63
-10%
|
3
+84%
|
0.91
-70%
|
0.29
-68%
|
-0.5
N/A
|
-1.83
-266%
|
-2.29
-25%
|
-3.4
-48%
|
-2.29
+33%
|
-0.76
+67%
|
0.1
N/A
|
0.24
+140%
|
0.31
+29%
|