v3.21.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Interest income $ 253,735 $ 402,373
Servicing revenue, net of change in fair value of $217,911 and $(649,375), respectively 513,548 (289,115)
Gain on originated mortgage loans, held-for-sale, net 403,434 173,577
Revenues 1,170,717 286,835
Expenses    
Interest expense 118,905 216,855
General and administrative expenses 362,505 275,099
Management fee to affiliate 22,162 21,721
Total operating expenses 503,572 513,675
Other Income (Loss)    
Change in fair value of investments (265,566) (566,276)
Gain (loss) on settlement of investments, net 1,729 (799,572)
Other income (loss), net (23,320) (36,790)
Total other income (loss) (287,157) (1,402,638)
Impairment    
Provision (reversal) for credit losses on securities (894) 44,149
Valuation and credit loss provision (reversal) on loans and real estate owned (18,713) 100,496
Total impairment charges (19,607) 144,645
Income (Loss) Before Income Taxes 399,595 (1,774,123)
Income tax expense (benefit) 98,259 (166,868)
Net income (loss) 301,336 (1,607,255)
Noncontrolling interests in income of consolidated subsidiaries 9,394 (16,162)
Dividends on preferred stock 14,358 11,222
Net Income (Loss) Attributable to Common Stockholders $ 277,584 $ (1,602,315)
Net Income (Loss) Per Share of Common Stock    
Basic (in dollars per share) $ 0.67 $ (3.86)
Diluted (in dollars per share) $ 0.65 $ (3.86)
Weighted Average Number of Shares of Common Stock Outstanding    
Basic (in shares) 414,795,505,000 415,589,155,000
Diluted (in shares) 429,491,379,000 415,589,155,000
Dividend declared per Share of Common Stock (in dollars per share) $ 0.20 $ 0.05

Source