v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues            
Interest income       $ 1,102,537 $ 1,766,130 $ 1,664,223
Servicing revenue, net of change in fair value       (555,041) 385,159 528,595
Gain on originated mortgage loans, held-for-sale, net       1,399,092 460,107 86,065
Revenues       1,946,588 2,611,396 2,278,883
Expenses            
Interest expense       584,469 933,751 606,433
General and administrative expenses       1,120,087 781,971 441,886
Management fee to affiliate       89,134 79,472 62,594
Incentive compensation to affiliate       0 91,892 94,900
Total expenses       1,793,690 1,887,086 1,205,813
Other income (loss)            
Change in fair value of investments       (437,126) (307,396) (136,212)
Gain (loss) on settlement of investments, net       (930,131) 227,981 96,064
Earnings from investments in consumer loans, equity method investees       0 (1,438) 10,803
Other income (loss), net       (2,797) 39,819 (21,984)
Total other income (loss)       (1,370,054) (41,034) (51,329)
Impairment            
Provision (reversal) for credit losses on securities       13,404 25,174 30,017
Valuation and credit loss provision (reversal) on loans and real estate owned (“REO”)       110,208 10,403 60,624
Total impairment       123,612 35,577 90,641
Income (Loss) Before Income Taxes       (1,340,768) 647,699 931,100
Income tax (benefit) expense       16,916 41,766 (73,431)
Net Income (Loss)       (1,357,684) 605,933 1,004,531
Noncontrolling interests in income of consolidated subsidiaries       52,674 42,637 40,564
Dividends on preferred stock       54,295 13,281 0
Net income (loss) attributable to common stockholders       $ (1,464,653) $ 550,015 $ 963,967
Net Income (Loss) Per Share of Common Stock            
Basic (in dollars per share)       $ (3.52) $ 1.35 $ 2.82
Diluted (in dollars per share)       $ (3.52) $ 1.34 $ 2.81
Weighted Average Number of Shares of Common Stock Outstanding            
Basic (in shares)       415,513,187 408,789,642 341,268,923
Diluted (in shares)       415,513,187 408,990,107 343,137,361
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.20 $ 0.50 $ 0.50 $ 0.50 $ 2.00 $ 2.00

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