Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.4.0.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments in:    
Excess mortgage servicing rights, at fair value $ 1,547,004 $ 1,581,517
Excess mortgage servicing rights, equity method investees, at fair value 209,901 217,221
Servicer advances, at fair value(A) [1] 7,001,004 7,426,794
Real estate securities, available-for-sale 3,441,790 2,501,881
Residential mortgage loans, held-for-investment 324,734 330,178
Residential mortgage loans, held-for-sale 633,160 776,681
Real estate owned 56,402 50,574
Consumer loans, held-for-investment(A) [1] 1,970,565 0
Cash and cash equivalents(A) [1] 258,622 249,936
Restricted cash 170,364 94,702
Trades receivable 1,509,016 1,538,481
Deferred tax asset, net 196,189 185,311
Other assets 253,026 239,446
Total assets 17,571,777 15,192,722
Liabilities    
Repurchase agreements 3,973,512 4,043,054
Notes and bonds payable(A) [1] 8,870,851 7,249,568
Trades payable 1,431,003 725,672
Due to affiliates 5,847 23,785
Dividends payable 106,017 106,017
Accrued expenses and other liabilities 105,551 58,046
Total liabilities $ 14,492,781 $ 12,206,142
Commitments and Contingencies
Equity    
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 230,471,202 and 230,471,202 issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 2,304 $ 2,304
Additional paid-in capital 2,640,893 2,640,893
Retained earnings 154,519 148,800
Accumulated other comprehensive income (loss) (12,912) 3,936
Total New Residential stockholders’ equity 2,784,804 2,795,933
Noncontrolling interests in equity of consolidated subsidiaries 294,192 190,647
Total Equity 3,078,996 2,986,580
Total Liabilities And Stockholders Equity $ 17,571,777 $ 15,192,722
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in servicer advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. 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.