New residential investment corp. (NRZ)
Income statement / TTM
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

1,729,636

1,766,130

1,754,362

1,731,759

1,719,517

1,664,223

1,570,369

1,542,567

1,610,714

1,519,679

1,489,046

1,373,712

1,179,237

1,076,735

950,082

850,035

750,735

645,072

530,015

445,261

359,740

346,857

288,225

212,523

142,866

87,567

76,023

66,433

47,913

33,759

0

0

0

Interest expense

937,774

933,751

872,062

788,966

694,878

606,433

543,310

505,782

487,023

460,865

433,687

404,897

390,425

373,424

359,006

340,076

321,262

274,013

225,300

181,049

135,690

140,708

116,847

86,983

53,122

15,024

7,399

4,254

1,603

704

0

0

0

Net interest income

791,862

832,379

882,300

942,793

1,024,639

1,057,790

1,027,059

1,036,785

1,123,691

1,058,814

1,055,359

968,815

788,812

703,311

591,076

509,959

429,473

371,059

304,715

264,212

224,050

206,149

171,378

125,540

89,744

72,543

68,624

62,179

46,310

33,055

0

0

0

Other-than-temporary impairment (OTTI) on securities

61,758

25,174

28,769

27,091

30,863

30,017

24,754

22,374

14,858

10,300

11,198

11,454

9,158

10,300

10,332

10,141

7,971

5,788

3,742

2,168

2,134

1,391

943

4,699

0

-

0

0

-

-

0

0

-

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

105,619

10,403

40,530

56,691

46,897

60,624

38,513

59,742

76,855

75,758

101,252

92,827

88,881

77,716

58,033

36,417

24,364

18,596

10,708

15,183

10,704

9,891

1,591

457

0

-

0

0

-

-

-

-

-

Total Impairment Charges

167,426

35,577

69,299

83,782

77,760

90,641

63,301

82,150

91,747

86,092

112,414

104,245

98,003

87,980

68,365

46,558

32,335

24,384

14,450

17,351

12,838

11,282

2,534

5,156

0

-

0

0

-

-

-

-

-

Net interest income after impairment

624,436

796,802

813,001

859,011

946,879

967,149

963,758

954,635

1,031,944

972,722

942,945

864,570

690,809

615,331

522,711

463,401

397,138

346,675

290,265

246,861

211,212

194,867

168,825

122,271

0

-

0

0

-

-

0

0

-

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

-69,809

385,159

123,177

245,482

477,212

528,595

693,666

576,325

600,983

424,349

387,636

329,622

158,771

118,169

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

510,263

397,735

260,500

205,691

156,187

89,017

45,732

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-26,156

-10,505

-4,366

-11,517

-8,338

-58,656

-18,739

-28,286

-42,190

4,322

-15,550

-18,319

-14,402

-7,297

14,520

32,711

48,330

38,643

671

28,106

33,252

41,615

50,103

21,745

58,076

53,332

46,409

47,975

9,665

9,023

0

0

0

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

3,731

6,800

6,820

5,465

10,446

8,357

12,185

10,843

13,384

12,617

13,974

18,181

13,260

16,526

23,325

25,491

29,261

31,160

22,773

46,179

55,827

57,280

59,552

48,364

55,748

50,343

41,741

21,096

969

0

0

0

0

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

-256,755

-189,023

-165,278

-212,213

-275,905

31,550

54,194

212,771

337,470

66,394

75,828

5,596

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of servicer advance investments

-16,364

10,288

13,181

1,187

-1,953

-89,332

-72,632

-56,338

2,383

84,418

58,373

69,038

26,015

-7,768

-51,318

-91,662

-81,046

-57,491

-23,453

18,233

76,548

84,217

105,825

82,877

0

-

0

0

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of investments in residential mortgage loans

-345,372

-70,914

154,375

174,059

79,034

69,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-70,365

-56,143

-140,200

-174,409

-136,440

-108,234

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on consumer loans investment

-

-

-

-

-

-

-

-

-

-

-

-

-

9,943

20,555

34,940

43,450

43,954

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on remeasurement of consumer loans investment

-

-

-

-

-

-

-

-

-

-

-

-

-

71,250

71,250

71,250

71,250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) On Settlement Of Investment, Net

-530,717

225,687

130,189

-36,456

-51,385

95,085

115,124

128,570

127,286

10,310

-9,868

-22,586

-50,228

-48,800

-51,794

-62,111

-46,639

-19,626

-32,051

-9,631

41,707

31,297

69,047

68,167

0

-

0

0

-

-

0

0

-

Earnings from investments in consumer loans, equity method investees

-5,749

-1,438

-2,430

4,672

10,308

10,803

25,311

27,525

30,423

25,617

12,649

5,880

0

-

0

0

-

-

-

-

-

53,840

84,314

97,988

0

-

0

0

-

-

0

0

-

Other income (loss), net

-38,576

44,149

-44,322

-14,963

-12,321

-10,778

9,017

24,764

6,992

6,298

29,329

46,501

52,076

28,483

22,271

-6,336

-2,950

5,389

-14,752

2,085

5,052

14,819

19,539

4,250

0

-

0

0

-

-

-

-

-

Nonoperating Gains (Losses)

-1,302,074

36,621

-38,224

-250,368

-372,747

-44,257

150,902

321,345

476,004

207,786

164,735

104,291

26,721

62,337

48,809

4,283

61,656

42,029

72,205

212,094

352,333

375,088

418,807

352,938

273,231

241,008

168,114

113,693

19,034

17,423

0

0

0

Operating Expenses
General and Administrative Expense

645,458

538,035

443,769

408,843

310,512

231,579

158,540

79,872

75,339

67,159

58,276

47,134

38,316

38,570

40,582

51,368

65,383

61,862

61,482

49,418

33,576

27,001

19,086

14,036

9,241

9,975

9,285

7,522

8,186

5,878

0

0

0

Management fee allocated by Newcastle

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

Management fee to affiliate

83,233

79,472

74,828

69,614

65,444

62,594

60,214

58,937

57,670

55,634

52,505

48,854

44,676

41,610

40,670

39,994

38,357

33,475

28,483

23,747

20,291

19,651

16,662

16,022

13,370

11,209

8,918

4,434

2,171

0

0

0

0

Incentive compensation to affiliate

78,934

91,892

78,996

66,537

93,269

94,900

74,419

70,062

83,502

81,373

101,120

88,704

53,461

42,197

21,322

16,058

13,520

16,017

29,118

38,217

54,689

54,334

37,581

27,549

0

-

0

0

-

-

0

0

-

Loan servicing expense

29,987

31,737

36,105

39,973

41,636

43,547

45,871

48,501

50,468

52,330

54,032

54,529

55,646

44,001

26,996

14,477

3,309

6,469

11,208

11,318

8,714

3,913

2,304

0

0

-

0

-

-

-

-

-

-

Subservicing expense

253,537

227,482

188,844

179,117

171,113

176,784

178,349

184,974

194,974

166,081

131,267

81,494

25,536

7,832

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

1,091,149

968,618

822,542

764,084

681,974

609,404

517,393

442,346

461,953

422,577

397,200

320,715

217,635

174,210

129,570

121,897

120,569

117,823

130,291

122,700

117,270

104,899

85,118

71,299

47,329

42,474

27,223

17,734

13,710

9,231

0

0

0

Income (loss) before income taxes

-1,328,333

647,699

335,912

295,732

525,557

931,100

1,336,665

1,409,959

1,646,978

1,182,280

1,098,116

977,768

658,666

621,627

441,950

345,787

338,225

270,881

232,179

336,255

446,275

465,056

483,799

433,122

0

-

0

0

-

-

-

-

-

Income Tax Expense (Benefit)

-171,099

41,766

-48,494

-39,491

-20,522

-73,431

40,618

69,668

155,120

167,628

141,769

130,056

54,730

38,911

2,247

-24,585

-17,797

-11,001

-1,579

12,154

19,243

22,957

29,483

21,682

0

-

0

0

-

-

-

-

-

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

-1,157,234

605,933

384,406

335,223

546,079

1,004,531

1,296,047

1,340,291

1,491,858

1,014,652

956,347

847,712

603,936

582,716

439,703

370,372

356,022

281,882

233,758

324,101

427,032

442,099

471,352

382,399

309,413

265,623

205,759

154,382

51,634

41,247

0

0

0

Net Income (Loss) Attributable to Noncontrolling Interest

16,157

42,637

40,485

36,616

40,771

40,564

44,126

46,857

51,450

57,119

61,959

80,537

89,841

78,263

57,427

32,442

11,625

13,246

13,872

32,405

86,952

89,222

92,524

66,798

0

-

0

0

-

-

-

-

-

Preferred Stock Dividends and Other Adjustments

0

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common stockholders

-1,197,894

550,015

338,583

298,607

505,308

963,967

1,251,921

1,293,434

1,440,408

957,533

894,388

767,175

514,095

504,453

382,276

337,930

344,397

268,636

219,886

291,696

340,080

352,877

361,792

344,642

301,646

-

205,759

154,382

-

-

-

-

-

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

-