Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments in:    
Excess mortgage servicing rights, at fair value $ 1,304,666 $ 1,399,455
Excess mortgage servicing rights, equity method investees, at fair value 181,610 194,788
Mortgage servicing rights, at fair value 1,749,343 659,483
Mortgage servicing rights financing receivable, at fair value 118,483 0
Servicer advances, at fair value [1] 4,836,754 5,706,593
Real estate securities, available-for-sale 7,423,273 5,073,858
Residential mortgage loans, held-for-investment 757,421 190,761
Residential mortgage loans, held-for-sale [1] 1,001,472 696,665
Real estate owned 95,492 59,591
Consumer loans, held-for-investment [1] 1,569,388 1,799,486
Consumer loans, equity method investees 45,036 0
Cash and cash equivalents [1] 560,016 290,602
Restricted cash 157,344 163,095
Trades receivable 2,677,542 1,687,788
Deferred tax asset, net 65,678 151,284
Other assets 456,497 326,080
Total assets 23,000,015 18,399,529
Liabilities    
Repurchase agreements 8,261,398 5,190,631
Notes and bonds payable [1] 7,787,782 7,990,605
Trades payable 1,814,344 1,381,968
Due to affiliates 64,813 47,348
Dividends payable 153,678 115,356
Accrued expenses and other liabilities 299,042 205,444
Total liabilities 18,381,057 14,931,352
Commitments and Contingencies
Equity    
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 307,361,309 and 250,773,117 issued and outstanding at June 30, 2017 and December 31, 2016, respectively 3,074 2,507
Additional paid-in capital 3,756,016 2,920,730
Retained earnings 352,414 210,500
Accumulated other comprehensive income (loss) 313,300 126,363
Total New Residential stockholders’ equity 4,424,804 3,260,100
Noncontrolling interests in equity of consolidated subsidiaries 194,154 208,077
Total Equity 4,618,958 3,468,177
Total Liabilities And Stockholders Equity $ 23,000,015 $ 18,399,529
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6), the RPL Borrowers (Note 8), and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances, residential mortgage loans, and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, the RPL Borrowers and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, the RPL Borrowers, and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, the RPL Borrowers, and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.