Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Investments in:    
Excess mortgage servicing rights, at fair value $ 467,061 $ 1,173,713
Excess mortgage servicing rights, equity method investees, at fair value 154,939 171,765
Mortgage servicing rights, at fair value 2,872,004 1,735,504
Mortgage servicing rights financing receivables, at fair value 1,681,072 598,728
Servicer advance investments, at fair value [1] 799,936 4,027,379
Real estate and other securities, available-for-sale 11,650,257 8,071,140
Residential mortgage loans, held-for-investment (includes $123,606 and $0 at fair value at September 30, 2018 and December 31, 2017, respectively) [1] 776,323 691,155
Residential mortgage loans, held-for-sale 1,996,303 1,725,534
Residential mortgage loans, held-for-sale, at fair value 524,863 0
Real estate owned 115,160 128,295
Residential mortgage loans subject to repurchase 110,181 0
Consumer loans, held-for-investment [1] 1,140,769 1,374,263
Consumer loans, equity method investees 44,787 51,412
Cash and cash equivalents [1] 330,148 295,798
Restricted cash 155,749 150,252
Servicer advances receivable 3,217,121 675,593
Trades receivable 3,424,865 1,030,850
Other assets 629,231 312,181
Total assets 30,090,769 22,213,562
Liabilities    
Repurchase agreements 14,387,020 8,662,139
Notes and bonds payable (includes $117,470 and $0 at fair value at September 30, 2018 and December 31, 2017, respectively) [1] 7,254,946 7,084,391
Trades payable 1,791,191 1,169,896
Residential mortgage loans repurchase liability 110,181 0
Due to affiliates 74,135 88,961
Dividends payable 170,177 153,681
Deferred tax liability, net 3,910 19,218
Accrued expenses and other liabilities [1] 462,161 239,114
Total liabilities 24,253,721 17,417,400
Commitments and Contingencies
Equity    
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 340,354,429 and 307,361,309 issued and outstanding at September 30, 2018 and December 31, 2017, respectively 3,404 3,074
Additional paid-in capital 4,256,045 3,763,188
Retained earnings 1,014,919 559,476
Accumulated other comprehensive income (loss) 468,952 364,467
Total New Residential stockholders’ equity 5,743,320 4,690,205
Noncontrolling interests in equity of consolidated subsidiaries 93,728 105,957
Total equity 5,837,048 4,796,162
Net Assets $ 30,090,769 $ 22,213,562
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6), Shellpoint Asset Funding Trust 2013-1 (“SAFT 2013-1”) and the Shelter retail mortgage origination joint ventures (“Shelter JVs”) (Note 8) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments, residential mortgage loans and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.