v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Interest income $ 253,677 $ 232,198 $ 507,412 $ 634,571
Servicing revenue, net of change in fair value of $(390,632), $(441,033), $(172,721) and $(1,090,408), respectively (86,511) (90,459) 427,037 (379,574)
Gain on originated mortgage loans, held-for-sale, net 286,885 304,984 690,319 478,561
Total revenues 454,051 446,723 1,624,768 733,558
Expenses        
Interest expense 106,539 116,403 225,444 333,258
General and administrative expenses 367,716 292,637 730,221 567,736
Management fee to affiliate 23,677 22,479 45,839 44,200
Total operating expenses 497,932 431,519 1,001,504 945,194
Other Income (Loss)        
Change in fair value of investments 200,383 106,249 (65,183) (460,027)
Gain (loss) on settlement of investments, net (76,304) (74,966) (88,282) (874,538)
Other income (loss), net 30,043 (6,659) 20,430 (43,449)
Total other income (loss) 154,122 24,624 (133,035) (1,378,014)
Impairment        
Provision (reversal) for credit losses on securities (1,756) (25,134) (2,650) 19,015
Valuation and credit loss provision (reversal) on loans and real estate owned (32,652) 3,424 (51,365) 103,920
Total impairment charges (34,408) (21,710) (54,015) 122,935
Income (Loss) Before Income Taxes 144,649 61,538 544,244 (1,712,585)
Income tax expense (benefit) (1,077) 17,409 97,182 (149,459)
Net income (loss) 145,726 44,129 447,062 (1,563,126)
Noncontrolling interests in income of consolidated subsidiaries 10,053 38,640 19,447 22,478
Dividends on preferred stock 14,358 14,357 28,716 25,579
Net income (loss) attributable to common stockholders - diluted 121,315 (8,868) 398,899 (1,611,183)
Net income (loss) attributable to common stockholders - basic $ 121,315 $ (8,868) $ 398,899 $ (1,611,183)
Net Income (Loss) Per Share of Common Stock        
Basic (in dollars per share) $ 0.27 $ (0.02) $ 0.92 $ (3.88)
Diluted (in dollars per share) $ 0.26 $ (0.02) $ 0.88 $ (3.88)
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 456,312,486 415,661,782 435,668,683 415,625,468
Diluted (in shares) 472,729,245 415,661,782 451,229,665 415,625,468
Dividend declared per Share of Common Stock (in dollars per share) $ 0.20 $ 0.10 $ 0.40 $ 0.15

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