Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v2.4.0.8
SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting Tables  
Schedule of segment reporting

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, 2014                                          
Interest income   $ 13,816     $ 45,716     $ 11,238     $ 720     $ —     $ —     $ 71,490  
Interest expense     1,291       31,956       4,069       198       1,483       —       38,997  
Net interest income     12,525       13,760       7,169       522       (1,483 )     —       32,493  
Impairment     —       —       328       164       —       —       492  
Other income     12,976       —       5,042       671       16,360       1       35,050  
Operating expenses     65       250       60       90       23       9,411       9,899  
Income (Loss) Before Income Taxes     25,436       13,510       11,823       939       14,854       (9,410 )     57,152  
                                                         
Income tax expense     —       287       —       —       —       —       287  
Net Income (Loss)   $ 25,436     $ 13,223     $ 11,823     $ 939     $ 14,854     $ (9,410 )   $ 56,865  
Noncontrolling interests in income (loss) of consolidated subsidiaries   $ —     $ 8,093     $ —     $ —     $ —     $ —     $ 8,093  
Net income (loss) attributable to common stockholders   $ 25,436     $ 5,130     $ 11,823     $ 939     $ 14,854     $ (9,410 )   $ 48,772  

 

 

    Servicing Related Assets     Residential Securities and Loans                    
    Excess MSRs     Servicer Advances     Real Estate Securities     Real Estate Loans     Consumer Loans     Corporate     Total  
March 31, 2014                                          
Investments   $ 680,011     $ 3,457,385     $ 2,345,221     $ 34,045     $ 231,422     $ —     $ 6,748,084  
Cash and cash equivalents     3,704       75,408       10,425       127       —       50,831       140,495  
Restricted cash     —       34,607       —       —       —       —       34,607  
Derivative assets     —       —       769       44,271       —       —       45,040  
Other assets     —       7,108       21,853       618       87       942       30,608  
Total assets   $ 683,715     $ 3,574,508     $ 2,378,268     $ 79,061     $ 231,509     $ 51,773     $ 6,998,834  
Debt   $ —     $ 3,142,292     $ 2,000,594     $ 23,458     $ 142,500     $ 69,055     $ 5,377,899  
Other liabilities     110       4,667       1,338       293       244       53,634       60,286  
Total liabilities     110       3,146,959       2,001,932       23,751       142,744       122,689       5,438,185  
Total equity     683,605       427,549       376,336       55,310       88,765       (70,916 )     1,560,649  
Noncontrolling interests in equity of consolidated subsidiaries     —       284,335       —       —       —       —       284,335  
Total New Residential stockholders’ equity   $ 683,605     $ 143,214     $ 376,336     $ 55,310     $ 88,765     $ (70,916 )   $ 1,276,314  
                                                         
Investments in equity method investees   $ 338,307     $ —     $ —     $ —     $ 231,422     $ —     $ 569,729  

 

 

    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, 2013                                          
Interest income   $ 10,035     $ —     $ 6,156     $ —     $ —     $ —     $ 16,191  
Interest expense     —       —       899       —       —       —       899  
Net interest income     10,035       —       5,257       —       —       —       15,292  
Impairment     —       —       —       —       —       —       —  
Other income     2,827       —       —       —       —       —       2,827  
Operating expenses     62       —       —       —       1,951       3,031       5,044  
Income (Loss) Before Income Taxes     12,800       —       5,257       —       (1,951     (3,031 )     13,075  
Income tax expense     —       —       —       —       —       —       —  
Net Income (Loss)   $ 12,800     $ —     $ 5,257     $ —     $ (1,951   $ (3,031 )   $ 13,075  
Noncontrolling interests in income (loss) of consolidated subsidiaries   $ —     $ —     $ —     $ —     $ —     $ —     $ —  
Net income (loss) attributable to common stockholders   $ 12,800     $ —     $ 5,257     $ —     $ (1,951   $ (3,031 )   $ 13,075