New residential investment corp. (NRZ)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash Flows From Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

605

1,004

1,014

582

281

442

265

41

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Investments In Excess Mortgage Servicing Rights, Change In Fair Value

-10

-58

4

-7

38

41

53

9

Investments In Excess Mortgage Servicing Rights, Change In Fair Value, Equity Method Investees

6

8

12

16

31

57

50

0

Investments in Financing Receivable, Change in Fair Value

-189

31

66

0

0

-

-

-

Investments In Servicer Advances, Change In Fair Value

10

-89

84

-7

-57

84

0

0

Change in fair value of residential mortgage loans, at fair value, and notes and bonds payable, at fair value

-50

68

0

0

-

-

-

-

Earnings from consumer loan equity method investees

-

-

-

-

-

53

82

0

(Gain) / loss on consumer loans investment

-

-

-

-

-

92

0

0

(Gain) / loss on remeasurement of consumer loans investment

-

-

-

71

0

0

-

-

(Gain) loss on settlement of investments, net

225

95

10

-48

-19

31

52

0

Gain (Loss) On Sale Of Originated Mortgage Loans Held-For-Sale, Net

475

96

0

-

-

-

-

-

Business Combination, Bargain Purchase, Gain Recognized, Amount

49

0

0

-

-

-

-

-

(Gain) loss on sale of originated mortgage loans, net

-

-

-

0

-

-

-

-

Earnings from investments in consumer loans, equity method investees

-1

10

25

0

0

-

-

-

Unrealized Gain (Loss) on Derivatives

-56

-108

-2

5

-3

-8

1

-

Changes in fair value of contingent consideration

10

1

0

0

-

-

-

-

Unrealized (gain) / loss on other ABS

2

10

2

-2

0

0

0

-

(Gain) loss on transfer of loans to REO

11

19

22

18

2

17

0

0

Gain (loss) on Transfer of Loans to Other Assets

-1

-1

0

2

-0

0

-

-

Gain (Loss) on Mortgage Servicing Rights

2

0

2

2

2

1

0

0

Change in fair value of investments in derivative assets

-

-

-

-

-

-

-

0

Marketable Securities, Unrealized Gain (Loss)

0

-10

5

0

0

-

-

-

Accretion (Amortization) of Discounts and Premiums, Investments

379

701

1,031

747

525

278

59

-32

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

25

30

10

10

5

1

4

0

Provision for Loan, Lease, and Other Losses

10

60

75

77

18

9

0

0

Non-cash portions of servicing revenue, net

-712

-191

-67

88

0

0

-

-

Non-cash directors’ compensation

1

1

0

0

0

0

0

0

Deferred tax provision

52

-80

168

34

-6

15

0

0

Changes in:
Servicer advances receivable

-218

-381

30

2

0

0

-

-

Other assets

338

193

32

-229

-216

14

8

0

Due to affiliates

2

12

41

23

-33

38

14

4

Accrued expenses and other liabilities

182

186

26

3

-42

31

6

-0

Reduction of liability deemed as capital contribution by Newcastle

-

-

-

-

-

-

11

0

Other operating cash flows:
Interest received from excess mortgage servicing rights

34

45

79

152

127

49

26

0

Interest received from servicer advance investments

28

33

168

185

172

110

0

0

Interest received from Non-Agency RMBS

264

219

211

100

43

6

3

-

Interest received from residential mortgage loans, held-for-investment

8

8

8

2

0

7

2

0

Interest received from consumer loans, held-for-investment

30

36

52

49

0

0

-

-

Proceeds from Equity Method Investment, Distribution

8

11

13

22

37

-

-

-

Purchases of residential mortgage loans, held-for-sale

8,610

5,767

5,135

1,196

1,278

1,577

0

-

Origination of residential mortgage loans, held-for-sale

19,411

3,385

0

0

-

-

-

-

Proceeds from sales of purchased and originated residential mortgage loans, held-for-sale

24,968

6,546

3,514

1,109

1,226

1,245

0

-

Principal repayments from purchased residential mortgage loans, held-for-sale

417

194

106

61

55

2

0

-

Cash proceeds from investments, in excess of interest income

-

-

-

-

-

-

41

43

Net cash proceeds deemed as capital distributions to Newcastle

-

-

-

-

-

-

-36

-47

Net cash provided by (used in) operating activities

-1,622

-1,229

-899

560

306

-172

156

0

Cash Flows From Investing Activities
Acquisition of investments in excess mortgage servicing rights, equity method investees

-

-

-

-

-

-

233

0

Business Acquisitions, net of cash acquired

1,223

123

0

0

881

0

0

-

SpringCastle Transaction (Note 9), net of cash acquired

-

-

-

55

0

0

-

-

Restricted cash acquired from SpringCastle Transaction

-

-

-

-74

0

0

2

0

Purchase of servicer advance investments

1,622

2,306

12,168

15,266

14,945

-

670

0

Purchase of MSRs, MSR financing receivables and servicer advances receivable

-

-

-

-

-

-

63

0

Purchase of Agency RMBS

-

-

-

-

4,610

-

605

0

Purchase of Non-Agency RMBS

885

2,969

2,570

2,577

-

-

407

0

Purchase of residential mortgage loans, held-for-sale

-

-

-

-

-

-

-

0

Purchase of derivatives

0

0

2

8

5

70

70

0

Purchase of real estate owned and other assets

68

33

38

14

26

10

0

0

Purchase of consumer loans

-

-

-

176

0

0

-

-

Purchase of investment in consumer loans, equity method investees

64

308

470

0

0

-

-

-

Purchase of commercial real estate, equity method investees

0

75

0

0

-

-

-

-

Draws on revolving consumer loans

54

63

56

49

0

0

-

-

Payments for settlement of derivatives

300

172

164

84

85

43

0

0

Return of investments in excess mortgage servicing rights

48

53

172

175

154

42

24

0

Proceeds from Equity Method Investment, Distribution, Return of Capital

92

300

393

0

-

-

-

-

Principal repayments from servicer advance investments

1,786

2,421

13,820

17,158

16,008

-

103

0

Principal repayments from Agency RMBS

2,085

111

107

95

129

-

302

0

Principal repayments from Non-Agency RMBS

1,294

939

815

726

135

-

62

0

Proceeds from Principal Repayments on Loans and Leases Held-for-investment

113

147

94

38

46

-

3

0

Proceeds from sale of residential mortgage loans

41

25

13

11

643

0

0

0

Principal repayments from consumer loans

261

311

401

301

0

-

-

-

Proceeds from MSRs and MSR financing receivables

51

0

0

-

-

-

-

-

Proceeds from Sale of Mortgage Servicing Rights (MSR)

24

13

-

0

0

-

-

-

Proceeds from sale of excess mortgage servicing rights

10

19

13

-

-

-

-

-

Proceeds from sale of Agency RMBS

22,173

7,528

8,880

6,594

4,468

-

0

0

Proceeds from sale of Non-Agency RMBS

1,950

86

182

261

425

-

521

0

Proceeds from settlement of derivatives

108

242

126

55

37

87

0

0

Proceeds from sale of real estate owned

138

140

86

71

57

16

0

0

Net cash provided by (used in) investing activities

-10,948

-5,171

-1,777

-182

-233

-1,690

-997

0

Cash Flows From Financing Activities
Repayments of Debt

230,954

93,214

54,289

29,866

8,798

4,869

2,271

0

Margin deposits under repurchase agreements and derivatives

4,567

1,934

1,056

487

387

385

61

0

Repayments of notes and bonds payable

9,307

9,892

8,971

10,843

7,286

5,416

59

0

Deferred financing fees

6

12

6

37

45

8

5

0

Common stock dividends paid

807

661

570

-

-

-

-

-

Preferred Stock Dividend paid

9

0

0

-

-

-

-

-

Common stock dividends paid

-

-

-

433

303

227

62

0

Proceeds from Issuance of Debt

243,316

99,662

57,762

31,015

9,607

6,412

2,634

0

Return of margin deposits under repurchase agreements and derivatives

4,365

1,733

1,058

486

391

366

21

0

Borrowings under notes and bonds payable

9,706

9,770

8,057

9,719

6,053

5,841

423

0

Issuance of preferred stock

423

0

0

-

-

-

-

-

Issuance of common stock

752

983

835

279

882

173

0

0

Costs related to issuance of common stock

0

1

0

0

3

2

0

0

Capital contributions

-

-

-

-

-

-

245

0

Noncontrolling interest in equity of consolidated subsidiaries - contributions

0

0

0

0

0

142

247

0

Noncontrolling interests in equity of consolidated subsidiaries - distributions

54

64

84

97

81

225

-

-

Payment of contingent consideration

10

0

0

-

-

-

-

-

Purchase of noncontrolling interests in the Buyer

0

-0

65

3

0

0

0

0

Net cash provided by (used in) financing activities

12,846

6,369

2,669

-269

28

1,799

1,112

0

Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash

275

-30

-7

109

102

-62

271

0

Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest

902

564

442

350

244

127

10

0

Cash paid during the period for income taxes

1

5

5

1

0

14

0

0

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Contributions in-kind

-

-

-

-

-

-

-

164

Capital distributions

-

-

-

-

-

-

-

250

Supplemental Schedule of Non-Cash Investing and Financing Activities
Acquisition of restricted cash

-

-

-

-

-

-

30

0

Acquisition of servicer advance investments

-

-

-

-

-

-

2,093

0

Borrowings under notes payable--servicer advance investments

-

-

-

-

-

-

2,124

0

Transfer from residential mortgage loans to real estate owned and other assets

95

109

141

249

90

21

0

0

Transfer from residential mortgage loans, held-for-investment to residential mortgage loans, held-for-sale

9

23

23

316

0

846

0

0

Non-cash distributions to noncontrolling interest

-

-

-

69

0

0

-

-

Business Combination, Consideration Transferred, Settlement of Preexisting Relationships

4

0

0

-

-

-

-

-

Portion of HLSS Acquisition (Note 1) paid in common stock

-

-

-

-

434

0

0

-

Cash proceeds from investments, in excess of interest income

-

-

-

-

-

-

41

43

Acquisition of real estate securities

-

-

-

-

-

-

242

121

Acquisition of investments in excess mortgage servicing rights

-

-

-

-

-

-

-

221

Acquisition of investments in excess mortgage servicing rights, equity method investees

-

-

-

-

-

-

-

0

Deposit paid on investment in excess mortgage servicing rights

-

-

-

-

-

-

-

25

Return of deposit paid on investment in excess mortgage servicing rights

-

-

-

-

-

-

-

25

Acquisition of residential mortgage loans, held-for-investment

-

-

-

-

-

-

35

0

Acquisition of investments in consumer loan equity method investees

-

-

-

-

-

-

-

0

Borrowings under repurchase agreements

-

-

-

-

-

-

1,179

153

Repayments of repurchase agreements

-

-

-

-

-

-

3

2

Capital contributions by HLSS Ltd.

-

-

-

-

-

-

-

368

MSR purchase price holdback

-

-

-

-

-

0

-

-

Real estate securities retained from loan securitizations

1,171

900

403

165

36

54

0

-

Remeasurement of Consumer Loan Companies noncontrolling interest

-

-

-

110

0

0

-

-

Ocwen transaction (Note 6) - excess mortgage servicing rights

0

638

71

0

0

-

-

-

Ocwen transaction (Note 6) - servicer advance investments

0

3,175

481

0

0

-

-

-

Ocwen transaction (Note 6) - mortgage servicing rights financing receivables, at fair value

0

1,017

64

0

0

-

-

-

Consumer Loans
Net income (loss)

-

-

-

161

-

-

-

-

Gain (Loss) On Sale Of Originated Mortgage Loans, Net

-

-

-

0

-

-

-

-

Proceeds from Equity Method Investment, Distribution

8

6

6

0

-

-

-

-

Excess MSRs
Payments to Acquire Mortgage Servicing Rights (MSR)

-

-

-

2

-

-

-

-

Proceeds from Sale of Mortgage Servicing Rights (MSR)

-

-

-

0

-

-

-

-

Mortgage Servicing Rights
Purchase price holdback

-25

-0

40

90

-

-

-

-

Agency Residential Mortgage Backed Securities
Purchase of Agency RMBS

35,479

10,200

9,165

6,812

-

-

-

-

Mortgage Servicing Rights and Servicer Advances
Payments to Acquire Mortgage Servicing Rights (MSR)

1,450

1,194

1,661

526

-

-

-

-

Mortgage-backed Securities, Issued by Private Enterprises
Payments to Acquire Loans Held-for-investment

0

85

609

191

290

884

0

0

Excess MSRs Investees
Proceeds from Equity Method Investment, Distribution, Return of Capital

20

21

21

16

-

-

-

-

MSRs
Proceeds from Sale of Mortgage Servicing Rights (MSR)

1

5

0

-

-

-

-

-

Loans and Finance Receivables
Proceeds from Sale of Mortgage Servicing Rights (MSR)

22

7

0

0

-

-

-

-

Shellpoint Acquisition
Payment for Contingent Consideration Liability, Financing Activities

10

-

-

-

-

-

-

-

Purchase price holdback

0

8

0

0

-

-

-

-

Shellpoint Acquisition contingent consideration

-

-

-

0

-

-

-

-

Agency RMBS
Purchase of investments, primarily Agency RMBS, settled after quarter-end

902

2,048

1,169

1,381

-

-

-

-

Sale of investments, primarily Non-Agency RMBS, settled after quarter-end

5,256

3,925

1,030

1,687

-

-

-

-

Consumer Loan Companies
Non-cash distributions from Consumer Loan Companies

-

-

-

0

-

-

-

-

Equity Method Investments, Non-Cash Distribution

-

-

-

0

-

-

-

-

LoanCo
Non-cash distributions from LoanCo

0

25

44

0

-

-

-

-

Equity Method Investments, Non-Cash Distribution

0

25

44

0

-

-

-

-

Real estate securities retained from loan securitizations

83

-

-

-

-

-

-

-