Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v2.4.0.8
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
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 September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
12,914

 
$
50,967

 
$
11,179

 
$
22,526

 
$

 
$
1

 
$
97,587

Interest expense
3

 
25,157

 
1,932

 
5,065

 
1,149

 
1

 
33,307

Net interest income (expense)
12,911

 
25,810

 
9,247

 
17,461

 
(1,149
)
 

 
64,280

Impairment

 

 

 
1,134

 

 

 
1,134

Other income
60,722

 
22,948

 
955

 
14,950

 
22,490

 
(1
)
 
122,064

Operating expenses
103

 
4,796

 
169

 
3,163

 
632

 
16,448

 
25,311

Income (Loss) Before Income Taxes
73,530

 
43,962

 
10,033

 
28,114

 
20,709

 
(16,449
)
 
159,899

Income tax expense

 
7,403

 

 
306

 
92

 

 
7,801

Net Income (Loss)
$
73,530

 
$
36,559

 
$
10,033

 
$
27,808

 
$
20,617

 
$
(16,449
)
 
$
152,098

Noncontrolling interests in income
   (loss) of consolidated subsidiaries
$

 
$
25,726

 
$

 
$

 
$

 
$

 
$
25,726

Net income (loss) attributable to
   common stockholders
$
73,530

 
$
10,833

 
$
10,033

 
$
27,808

 
$
20,617

 
$
(16,449
)
 
$
126,372


 
Servicing Related Assets
 
Residential Securities and Loans
 
 
 
 
 
 
 
Excess MSRs
 
Servicer Advances
 
Real Estate Securities
 
Real Estate Loans
 
Consumer Loans
 
Corporate
 
Total
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
37,703

 
$
153,790

 
$
41,939

 
$
28,300

 
$

 
$
1

 
$
261,733

Interest expense
1,294

 
86,885

 
9,513

 
6,454

 
4,170

 
500

 
108,816

Net interest income (expense)
36,409

 
66,905

 
32,426

 
21,846

 
(4,170
)
 
(499
)
 
152,917

Impairment

 

 
943

 
1,591

 

 

 
2,534

Other income
91,943

 
105,657

 
59,410

 
17,808

 
60,185

 

 
335,003

Operating expenses
488

 
5,815

 
800

 
4,140

 
745

 
52,744

 
64,732

Income (Loss) Before Income Taxes
127,864

 
166,747

 
90,093

 
33,923

 
55,270

 
(53,243
)
 
420,654

Income tax expense

 
29,085

 

 
306

 
92

 

 
29,483

Net Income (Loss)
$
127,864

 
$
137,662

 
$
90,093

 
$
33,617

 
$
55,178

 
$
(53,243
)
 
$
391,171

Noncontrolling interests in income
    (loss) of consolidated subsidiaries
$

 
$
92,524

 
$

 
$

 
$

 
$

 
$
92,524

Net income (loss) attributable to
    common stockholders
$
127,864

 
$
45,138

 
$
90,093

 
$
33,617

 
$
55,178

 
$
(53,243
)
 
$
298,647


 
Servicing Related Assets
 
Residential Securities and Loans
 
 
 
 
 
 
 
Excess MSRs
 
Servicer Advances
 
Real Estate Securities
 
Real Estate Loans
 
Consumer Loans
 
Corporate
 
Total
September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
$
751,774

 
$
3,214,113

 
$
2,079,712

 
$
1,121,797

 
$
264,039

 
$

 
$
7,431,435

Cash and cash equivalents

 
88,770

 
13,273

 
2,889

 
9,766

 
72,903

 
187,601

Restricted cash

 
29,962

 

 

 

 

 
29,962

Derivative assets

 

 
1,115

 
27,571

 

 

 
28,686

Other assets
1,122

 
7,768

 
22,879

 
62,695

 
609

 
644

 
95,717

Total assets
$
752,896

 
$
3,340,613

 
$
2,116,979

 
$
1,214,952

 
$
274,414

 
$
73,547

 
$
7,773,401

Debt
$

 
$
2,824,007

 
$
1,725,737

 
$
910,856

 
$
125,000

 
$

 
$
5,585,600

Other liabilities
1,715

 
27,557

 
214,018

 
4,973

 
1,132

 
82,545

 
331,940

Total liabilities
1,715

 
2,851,564

 
1,939,755

 
915,829

 
126,132

 
82,545

 
5,917,540

Total equity
751,181

 
489,049

 
177,224

 
299,123

 
148,282

 
(8,998
)
 
1,855,861

Noncontrolling interests in equity
    of consolidated subsidiaries

 
280,445

 

 

 

 

 
280,445

Total New Residential
    stockholders’ equity
$
751,181

 
$
208,604

 
$
177,224

 
$
299,123

 
$
148,282

 
$
(8,998
)
 
$
1,575,416

Investments in equity method
    investees
$
342,538

 
$

 
$

 
$

 
$
264,039

 
$

 
$
606,577

 
 
Servicing Related Assets

Residential Securities and Loans

 

 

 
 
Excess MSRs

Servicer Advances

Real Estate Securities

Real Estate Loans

Consumer Loans

Corporate

Total
Three Months Ended September 30, 2013
 

 

 

 

 

 

 
Interest income
$
9,761


$


$
11,437


$
683


$


$
4


$
21,885

Interest expense




3,443








3,443

    Net interest income (expense)
9,761




7,994


683




4


18,442

Impairment













Other income
20,853




11,213




24,129




56,195

Operating expenses
82




10


94


1


11,305


11,492

Income (Loss) Before Income Taxes
30,532




19,197


589


24,128


(11,301
)

63,145

Income tax expense













Net Income (Loss)
$
30,532


$


$
19,197


$
589


$
24,128


$
(11,301
)

$
63,145

Noncontrolling interests in income
    (loss) of consolidated subsidiaries
$


$


$


$


$


$


$

Net income (loss) attributable to
    common stockholders
$
30,532


$


$
19,197


$
589


$
24,128


$
(11,301
)

$
63,145


 
Servicing Related Assets
 
Residential Securities and Loans
 
 
 
 
 
 
 
Excess MSRs
 
Servicer Advances
 
Real Estate Securities
 
Real Estate Loans
 
Consumer Loans
 
Corporate
 
Total
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
30,541

 
$

 
$
28,625

 
$
1,867

 
$

 
$
42

 
$
61,075

Interest expense

 

 
6,993

 

 

 

 
6,993

Net interest income (expense)
30,541

 

 
21,632

 
1,867

 

 
42

 
54,082

Impairment

 

 
3,756

 

 

 

 
3,756

Other income
85,640

 

 
11,271

 

 
60,293

 

 
157,204

Operating expenses
178

 

 
32

 
224

 
1,952

 
19,702

 
22,088

Income (Loss) Before Income Taxes
116,003

 

 
29,115

 
1,643

 
58,341

 
(19,660
)
 
185,442

Income tax expense

 

 

 

 

 

 

Net Income (Loss)
$
116,003

 
$

 
$
29,115

 
$
1,643

 
$
58,341

 
$
(19,660
)
 
$
185,442

Noncontrolling interests in income (loss) of consolidated subsidiaries
$

 
$

 
$

 
$

 
$

 
$

 
$

Net income (loss) attributable to common stockholders
$
116,003

 
$

 
$
29,115

 
$
1,643

 
$
58,341

 
$
(19,660
)
 
$
185,442