Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments in:    
Excess mortgage servicing rights, at fair value $ 495,299 $ 1,173,713
Excess mortgage servicing rights, equity method investees, at fair value 159,034 171,765
Mortgage servicing rights, at fair value 2,232,126 1,735,504
Mortgage servicing rights financing receivables, at fair value 1,904,919 598,728
Servicer advance investments, at fair value [1] 843,438 4,027,379
Real estate and other securities, available-for-sale 8,084,927 8,071,140
Residential mortgage loans, held-for-investment 690,771 691,155
Residential mortgage loans, held-for-sale 2,021,319 1,725,534
Real estate owned 125,701 128,295
Consumer loans, held-for-investment [1] 1,212,917 1,374,263
Consumer loans, equity method investees 57,820 51,412
Cash and cash equivalents [1] 193,236 295,798
Restricted cash 161,441 150,252
Servicer advances receivable 3,215,361 675,593
Trades receivable 1,076,626 1,030,850
Other assets 468,796 312,181
Total assets 22,943,731 22,213,562
Liabilities    
Repurchase agreements 8,757,134 8,662,139
Notes and bonds payable [1] 6,707,776 7,084,391
Trades payable 1,168,865 1,169,896
Due to affiliates 48,648 88,961
Dividends payable 169,931 153,681
Deferred tax liability, net 8,403 19,218
Accrued expenses and other liabilities 284,050 239,114
Total liabilities 17,144,807 17,417,400
Commitments and Contingencies
Equity    
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 339,862,769 and 307,361,309 issued and outstanding at June 30, 2018 and December 31, 2017, respectively 3,399 3,074
Additional paid-in capital 4,246,135 3,763,188
Retained earnings 1,000,488 559,476
Accumulated other comprehensive income (loss) 458,771 364,467
Total New Residential stockholders’ equity 5,708,793 4,690,205
Noncontrolling interests in equity of consolidated subsidiaries 90,131 105,957
Total equity 5,798,924 4,796,162
Total Liabilities And Stockholders Equity $ 22,943,731 $ 22,213,562
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.