New Residential Investment Corp. NRZ Income Statement

New residential investment corp. (NRZ)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Interest income
1,766,130	1,664,223	1,519,679	1,076,735	645,072	346,857	87,567	33,759
Interest expense
933,751	606,433	460,865	373,424	274,013	140,708	15,024	704
Net interest income
832,379	1,057,790	1,058,814	703,311	371,059	206,149	72,543	33,055
Other-than-temporary impairment (OTTI) on securities
25,174	30,017	10,300	10,300	5,788	1,391	4,993	0
Valuation and credit loss provision (reversal) on loans and real estate owned (“REO”)
10,403	60,624	75,758	77,716	18,596	9,891	461	0
Total Impairment Charges
35,577	90,641	86,092	87,980	24,384	11,282	5,454	0
Net interest income after impairment
796,802	967,149	972,722	615,331	346,675	194,867	67,089	33,055
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset
385,159	528,595	424,349	118,169	0	0	-	-
Gain (Loss) On Sale Of Originated Mortgage Loans Held-For-Sale, Net
475,455	96,145	0	0	-	-	-	-
Other Income
Change in fair value of investments in excess mortgage servicing rights
-10,505	-58,656	4,322	-7,297	38,643	41,615	53,332	9,023
Change in fair value of investments in excess mortgage servicing rights, equity method investees
6,800	8,357	12,617	16,526	31,160	57,280	50,343	0
Change in fair value of investments in mortgage servicing rights financing receivables
-189,023	31,550	66,394	0	0	-	-	-
Change in fair value of servicer advance investments
10,288	-89,332	84,418	-7,768	-57,491	84,217	0	0
Change in fair value of investments in residential mortgage loans
-70,914	69,820	0	0	-	-	-	-
Change in fair value of derivative instruments
-56,143	-108,234	-2,190	-	-	-	-	-
Gain on consumer loans investment
-	-	-	9,943	43,954	92,020	0	0
Gain on remeasurement of consumer loans investment
-	-	-	71,250	0	0	-	-
Gain (Loss) On Settlement Of Investment, Net
225,687	95,085	10,310	-48,800	-19,626	31,297	-52,657	0
Earnings from investments in consumer loans, equity method investees
-1,438	10,803	25,617	0	0	53,840	82,856	0
Other income (loss), net
44,149	-10,778	6,298	28,483	5,389	14,819	1,820	8,400
Nonoperating Gains (Losses)
-41,099	-51,385	207,786	62,337	42,029	375,088	241,008	17,423
Operating Expenses
General and Administrative Expense
538,035	231,579	67,159	38,570	61,862	27,001	9,975	5,878
Management fee allocated by Newcastle
-	-	-	-	-	-	4,134	3,353
Management fee to affiliate
79,472	62,594	55,634	41,610	33,475	19,651	11,209	0
Incentive compensation to affiliate
91,892	94,900	81,373	42,197	16,017	54,334	16,847	0
Loan servicing expense
31,737	43,547	52,330	44,001	6,469	3,913	309	0
Subservicing expense
227,482	176,784	166,081	7,832	0	0	-	-
Operating Expenses
968,618	609,404	422,577	174,210	117,823	104,899	42,474	9,231
Income (loss) before income taxes
647,699	931,100	1,182,280	621,627	270,881	465,056	265,623	41,247
Income Tax Expense (Benefit)
41,766	-73,431	167,628	38,911	-11,001	22,957	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
605,933	1,004,531	1,014,652	582,716	281,882	442,099	265,623	41,247
Net Income (Loss) Attributable to Noncontrolling Interest
42,637	40,564	57,119	78,263	13,246	89,222	-326	0
Preferred Stock Dividends and Other Adjustments
13,281	0	0	-	-	-	-	-
Net income (loss) attributable to common stockholders
550,015	963,967	957,533	504,453	268,636	352,877	265,949	41,247
Earnings Per Share [Abstract]
Earnings Per Share, Basic
1.35	2.82	3.17	2.12	1.34	2.59	2.10	0.33
Earnings Per Share, Diluted
1.34	2.81	3.15	2.12	1.32	2.53	2.07	0.33
Weighted Average Number of Shares of Common Stock Outstanding
Weighted Average Number of Shares Outstanding, Basic
408,789	341,268	302,238	238,122	200,739	136,472	126,539	126,512
Weighted Average Number of Shares Outstanding, Diluted
408,990	343,137	304,381	238,486	202,907	139,565	128,684	126,512
Common Stock, Dividends, Per Share, Declared
2.00	2.00	1.98	1.84	1.75	1.58	0.99	0.00