New residential investment corp. (NRZ)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Interest income

402,373

463,089

448,127

416,047

438,867

451,321

425,524

403,805

383,573

357,467

397,722

471,952

292,538

326,834

282,388

277,477

190,036

200,181

182,341

178,177

84,373

85,124

97,587

92,656

71,490

26,492

21,885

22,999

16,191

14,948

12,295

4,479

2,037

Interest expense

216,855

247,013

245,902

228,004

212,832

185,324

162,806

133,916

124,387

122,201

125,278

115,157

98,229

95,023

96,488

100,685

81,228

80,605

77,558

81,871

33,979

31,892

33,307

36,512

38,997

8,031

3,443

2,651

899

406

298

0

0

Net interest income

185,518

216,076

202,225

188,043

226,035

265,997

262,718

269,889

259,186

235,266

272,444

356,795

194,309

231,811

185,900

176,792

108,808

119,576

104,783

96,306

50,394

53,232

64,280

56,144

32,493

18,461

18,442

20,348

15,292

14,542

11,997

4,479

2,037

Other-than-temporary impairment (OTTI) on securities

44,100

3,232

5,567

8,859

7,516

6,827

3,889

12,631

6,670

1,564

1,509

5,115

2,112

2,462

1,765

2,819

3,254

2,494

1,574

649

1,071

448

0

615

328

-

0

3,756

-

-

0

0

-

Valuation and credit loss provision (reversal) on loans and real estate owned (“REO”)

100,496

2,361

-10,690

13,452

5,280

32,488

5,471

3,658

19,007

10,377

26,700

20,771

17,910

35,871

18,275

16,825

6,745

16,188

-3,341

4,772

977

8,300

1,134

293

164

-

0

0

-

-

-

-

-

Total Impairment Charges

144,645

5,593

-5,123

22,311

12,796

39,315

9,360

16,289

25,677

11,975

28,209

25,886

20,022

38,297

20,040

19,644

9,999

18,682

-1,767

5,421

2,048

8,748

1,134

908

492

-

0

3,756

-

-

-

-

-

Net interest income after impairment

40,873

210,483

207,348

165,732

213,239

226,682

253,358

253,600

233,509

223,291

244,235

330,909

174,287

193,514

165,860

157,148

98,809

100,894

106,550

90,885

48,346

44,484

63,146

55,236

32,001

-

18,442

16,592

-

-

11,997

4,479

-

Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset

-289,115

251,793

53,050

-85,537

165,853

-10,189

175,355

146,193

217,236

154,882

58,014

170,851

40,602

118,169

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

179,698

180,520

100,541

49,504

67,170

43,285

45,732

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Income
Change in fair value of investments in excess mortgage servicing rights

-11,024

-9,084

2,407

-8,455

4,627

-2,945

-4,744

-5,276

-45,691

36,972

-14,291

-19,180

821

17,100

-17,060

-15,263

7,926

38,917

1,131

356

-1,761

945

28,566

5,502

6,602

9,433

208

41,833

1,858

2,510

1,774

3,523

1,216

Change in fair value of investments in excess mortgage servicing rights, equity method investees

-457

2,713

4,751

-3,276

2,612

2,733

3,396

1,705

523

6,561

2,054

4,246

-244

7,918

6,261

-675

3,022

14,717

8,427

3,095

4,921

6,330

31,833

12,743

6,374

8,602

20,645

20,127

969

0

0

0

0

Change in fair value of investments in mortgage servicing rights financing receivables

-104,111

-55,823

-41,410

-55,411

-36,379

-32,078

-88,345

-119,103

271,076

-9,434

70,232

5,596

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of servicer advance investments

-18,749

-5,644

6,641

1,388

7,903

-2,751

-5,353

-1,752

-79,476

13,949

10,941

56,969

2,559

-12,096

21,606

13,946

-31,224

-55,646

-18,738

24,562

-7,669

-21,608

22,948

82,877

0

-

0

0

-

-

-

-

-

Change in fair value of investments in real estate and other securities

-86,792

-

-

-

6,679

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of investments in residential mortgage loans

-265,244

-156,116

-19,037

95,025

9,214

69,173

647

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-39,982

-52,162

58,508

-36,729

-25,760

-136,219

24,299

1,240

2,446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on consumer loans investment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,943

10,612

14,385

8,510

10,447

-

-

-

-

-

-

-

-

-

-

-

-

Gain on remeasurement of consumer loans investment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

71,250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) On Settlement Of Investment, Net

-799,572

84,519

154,752

29,584

-43,168

-10,979

-11,893

14,655

103,302

9,060

1,553

13,371

-13,674

-11,118

-11,165

-14,271

-12,246

-14,112

-21,482

1,201

14,767

-26,537

938

52,539

4,357

-

11,213

58

-

-

0

0

-

Earnings from investments in consumer loans, equity method investees

0

-548

-2,547

-2,654

4,311

-1,540

4,555

2,982

4,806

12,968

6,769

5,880

0

-

0

0

-

-

-

-

-

-6,345

22,490

21,335

16,360

-

24,129

36,164

-

-

0

0

-

Other income (loss), net

-76,730

67,278

-35,219

6,095

5,995

-21,193

-5,860

8,737

7,538

-1,398

9,887

-9,035

6,844

21,633

27,059

-3,460

-16,749

15,421

-1,548

-74

-8,410

-4,720

15,289

2,893

1,357

-

0

0

-

-

-

-

-

Nonoperating Gains (Losses)

-1,402,661

-53,826

128,846

25,567

-63,966

-128,671

-83,298

-96,812

264,524

66,488

87,145

57,847

-3,694

23,437

26,701

-19,723

31,922

9,909

-17,825

37,650

12,295

40,085

122,064

177,889

35,050

83,804

56,195

98,182

2,827

10,910

1,774

3,523

1,216

Operating Expenses
General and Administrative Expense

206,363

186,676

133,513

118,906

98,940

92,410

98,587

20,575

20,007

19,371

19,919

16,042

11,827

10,488

8,777

7,224

12,081

12,500

19,563

21,239

8,560

12,120

7,499

5,397

1,985

4,205

2,449

602

2,719

3,515

686

1,266

411

Management fee allocated by Newcastle

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,809

-

-

1,317

262

-

Management fee to affiliate

21,721

21,211

20,678

19,623

17,960

16,567

15,464

15,453

15,110

14,187

14,187

14,186

13,074

11,058

10,536

10,008

10,008

10,118

9,860

8,371

5,126

5,126

5,124

4,915

4,486

2,137

4,484

2,263

2,325

-154

0

0

154

Incentive compensation to affiliate

0

42,627

36,307

0

12,958

29,731

23,848

26,732

14,589

9,250

19,491

40,172

12,460

28,997

7,075

4,929

1,196

8,122

1,811

2,391

3,693

21,223

10,910

18,863

3,338

-

4,470

878

-

-

0

0

-

Loan servicing expense

7,853

5,570

7,192

9,372

9,603

9,938

11,060

11,035

11,514

12,262

13,690

13,002

13,376

13,964

14,187

14,119

1,731

-3,041

1,668

2,951

4,891

1,698

1,778

347

90

-

89

-

-

-

-

-

-

Subservicing expense

66,981

79,719

52,875

53,962

40,926

41,081

43,148

45,958

46,597

42,646

49,773

55,958

17,704

7,832

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

302,918

335,803

250,565

201,863

180,387

189,727

192,107

119,753

107,817

97,716

117,060

139,360

68,441

72,339

40,575

36,280

25,016

27,699

32,902

34,952

22,270

40,167

25,311

29,522

9,899

20,386

11,492

5,552

5,044

5,135

2,003

1,528

565

Income (loss) before income taxes

-1,774,123

253,167

239,220

-46,597

201,909

-58,620

199,040

183,228

607,452

346,945

272,334

420,247

142,754

262,781

151,986

101,145

105,715

83,104

55,823

93,583

38,371

44,402

159,899

203,603

57,152

-

63,145

109,222

-

-

-

-

-

Income Tax Expense (Benefit)

-166,868

22,786

-5,440

-21,577

45,997

-67,474

3,563

-2,608

-6,912

46,575

32,613

82,844

5,596

20,716

20,900

7,518

-10,223

-15,948

-5,932

14,306

-3,427

-6,526

7,801

21,395

287

-

0

0

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-1,607,255

230,381

244,660

-25,020

155,912

8,854

195,477

185,836

614,364

300,370

239,721

337,403

137,158

242,065

131,086

93,627

115,938

99,052

61,755

79,277

41,798

50,928

152,098

182,208

56,865

80,181

63,145

109,222

13,075

20,317

11,768

6,474

2,688

Net Income (Loss) Attributable to Noncontrolling Interest

-16,162

10,658

14,738

6,923

10,318

8,506

10,869

11,078

10,111

12,068

13,600

15,671

15,780

16,908

32,178

24,975

4,202

-3,928

7,193

4,158

5,823

-3,302

25,726

58,705

8,093

-

0

0

-

-

-

-

-

Preferred Stock Dividends and Other Adjustments

11,222

7,943

5,338

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common stockholders

-1,602,315

211,780

224,584

-31,943

145,594

348

184,608

174,758

604,253

288,302

226,121

321,732

121,378

225,157

98,908

68,652

111,736

102,980

54,562

75,119

35,975

54,230

126,372

123,503

48,772

-

63,145

109,222

-

-

-

-

-

Earnings Per Share [Abstract]
Earnings Per Share, Basic

-3.86

0.51

0.54

-0.08

0.37

0.00

0.54

0.52

1.83

0.96

0.74

1.05

0.42

0.93

0.41

0.30

0.48

0.48

0.24

0.37

0.25

0.40

0.89

0.91

0.39

-

0.50

0.43

-

-

0.05

0.03

-

Earnings Per Share, Diluted

-3.86

0.51

0.54

-0.08

0.37

0.00

0.54

0.51

1.81

0.96

0.73

1.04

0.42

0.93

0.41

0.30

0.48

0.46

0.24

0.37

0.25

0.39

0.88

0.88

0.38

-

0.49

0.43

-

-

0.05

0.02

-

Weighted Average Number of Shares of Common Stock Outstanding
Weighted Average Number of Shares Outstanding, Basic

415,589

415,520

415,520

415,463

388,279

358,044

340,044

336,311

330,384

307,645

307,361

307,344

286,600

250,939

240,601

230,478

230,471

230,158

230,455

200,910

141,434

141,609

141,211

136,465

126,604

-

126,536

253,025,645

-

-

253,025

253,025

-

Weighted Average Number of Shares Outstanding, Diluted

415,589

415,673

415,588

415,665

388,601

358,509

340,868

339,538

333,380

310,684

309,207

309,392

288,241

251,469

241,099

230,839

230,538

230,334

231,215

205,169

144,911

144,508

144,166

139,668

129,919

-

129,944

256,659

-

-

253,025

253,025

-

Common Stock, Dividends, Per Share, Declared

0.05

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.48

0.46

0.46

0.46

0.46

0.46

0.46

0.45

0.38

0.38

0.35

0.50

0.35

-

0.35

0.07

-

-

0.00

0.00

-