Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.4.0.3
SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Summary of Segment Financial Data
Summary financial data on New Residential’s segments is given below, together with a reconciliation to the same data for New Residential as a whole:
 
Servicing Related Assets
 
Residential Securities and Loans
 
 
 
 
 
 
 
Excess MSRs
 
Servicer Advances
 
Real Estate Securities
 
Real Estate Loans
 
Consumer Loans
 
Corporate
 
Total
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
42,968

 
$
80,967

 
$
45,913

 
$
19,493

 
$
1

 
$
694

 
$
190,036

Interest expense
2,934

 
63,075

 
7,484

 
7,390

 
345

 

 
81,228

Net interest income (expense)
40,034

 
17,892

 
38,429

 
12,103

 
(344
)
 
694

 
108,808

Impairment

 

 
3,254

 
6,745

 

 

 
9,999

Other income
11,693

 
(27,391
)
 
(36,461
)
 
2,873

 
81,193

 
15

 
31,922

Operating expenses
232

 
994

 
461

 
4,334

 
1,604

 
17,391

 
25,016

Income (Loss) Before Income Taxes
51,495

 
(10,493
)
 
(1,747
)
 
3,897

 
79,245

 
(16,682
)
 
105,715

Income tax expense (benefit)

 
(10,002
)
 

 
(221
)
 

 

 
(10,223
)
Net Income (Loss)
$
51,495

 
$
(491
)
 
$
(1,747
)
 
$
4,118

 
$
79,245

 
$
(16,682
)
 
$
115,938

Noncontrolling interests in income (loss) of consolidated subsidiaries
$

 
$
4,202

 
$

 
$

 
$

 
$

 
$
4,202

Net income (loss) attributable to common stockholders
$
51,495

 
$
(4,693
)
 
$
(1,747
)
 
$
4,118

 
$
79,245

 
$
(16,682
)
 
$
111,736


 
Servicing Related Assets
 
Residential Securities and Loans
 
 
 
 
 
 
 
Excess MSRs
 
Servicer Advances
 
Real Estate Securities
 
Real Estate Loans
 
Consumer Loans
 
Corporate
 
Total
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
$
1,756,905

 
$
7,432,012

 
$
3,010,782

 
$
1,014,296

 
$
1,970,565

 
$

 
$
15,184,560

Cash and cash equivalents
919

 
198,116

 
670

 
11,753

 
1,670

 
45,494

 
258,622

Restricted cash
1,235

 
94,525

 

 

 
74,604

 

 
170,364

Other assets
14

 
207,255

 
1,579,924

 
121,524

 
2,050

 
47,464

 
1,958,231

Total assets
$
1,759,073

 
$
7,931,908

 
$
4,591,376

 
$
1,147,573

 
$
2,048,889

 
$
92,958

 
$
17,571,777

Debt
$
181,602

 
$
7,372,351

 
$
2,616,625

 
$
836,370

 
$
1,837,415

 
$

 
$
12,844,363

Other liabilities
437

 
24,625

 
1,469,071

 
21,233

 
12,250

 
120,802

 
1,648,418

Total liabilities
182,039

 
7,396,976

 
4,085,696

 
857,603

 
1,849,665

 
120,802

 
14,492,781

Total equity
1,577,034

 
534,932

 
505,680

 
289,970

 
199,224

 
(27,844
)
 
3,078,996

Noncontrolling interests in equity of consolidated subsidiaries

 
183,754

 

 

 
110,438

 

 
294,192

Total New Residential stockholders’ equity
$
1,577,034

 
$
351,178

 
$
505,680

 
$
289,970

 
$
88,786

 
$
(27,844
)
 
$
2,784,804

Investments in equity method investees
$
209,901

 
$

 
$

 
$

 
$

 
$

 
$
209,901

 

Servicing Related Assets

Residential Securities and Loans







Excess MSRs

Servicer Advances

Real Estate Securities

Real Estate Loans

Consumer Loans

Corporate

Total
Three Months Ended March 31, 2015













Interest income
$
15,037


$
42,349


$
14,263


$
12,724


$


$


$
84,373

Interest expense
769


23,637


3,480


6,093






33,979

Net interest income (expense)
14,268


18,712


10,783


6,631






50,394

Impairment




1,071


977






2,048

Other income
3,890


(10,727
)

(5,090
)

13,775


10,447




12,295

Operating expenses
88


575


(102
)

6,104


57


15,548


22,270

Income (Loss) Before Income Taxes
18,070

 
7,410

 
4,724

 
13,325

 
10,390

 
(15,548
)

38,371

Income tax expense (benefit)

 
(3,240
)
 

 
(187
)
 

 


(3,427
)
Net Income (Loss)
$
18,070

 
$
10,650

 
$
4,724

 
$
13,512

 
$
10,390

 
$
(15,548
)

$
41,798

Noncontrolling interests in income (loss) of consolidated subsidiaries
$

 
$
5,823

 
$

 
$

 
$

 
$


$
5,823

Net income (loss) attributable to common stockholders
$
18,070

 
$
4,827

 
$
4,724

 
$
13,512

 
$
10,390

 
$
(15,548
)

$
35,975