Ready capital corporation (RCP)
Balance Sheet / Yearly
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'12
Assets
Cash and cash equivalents

122,265

67,928

52,727

41,925

47,597

54,406

47,845

105,833

86,773

63,425

70,590

63,931

40,000

59,566

38,458

188,537

66,604

41,569

29,366

28,635

38,022

33,791

25,777

27,619

30,085

57,060

21,467

21,174

12,808

19,061

Restricted cash

93,164

51,728

45,303

38,019

29,979

28,921

18,864

15,108

13,964

11,666

16,057

17,563

19,772

20,190

-

4,846

4,160

14,757

4,026

2,281

3,030

7,143

7,037

8,144

5,850

2,128

3,031

12,545

9,860

3,768

Short-term investments

-

-

-

-

-

-

-

-

-

-

99,994

-

239,856

319,984

249,997

-

-

249,989

-

-

-

-

-

-

-

-

-

-

-

-

Loans, net (including $19,813 and $20,212 held at fair value)

1,969,052

1,727,984

1,380,359

1,002,676

1,057,023

1,193,392

1,256,177

1,035,330

1,057,034

1,017,920

892,896

1,005,242

926,106

1,011,121

-

-

-

927,218

-

-

-

-

-

-

-

-

-

-

-

-

Loans, held-for-sale, at fair value

306,328

188,077

203,110

177,507

115,778

115,258

124,988

188,752

160,999

216,022

200,318

206,706

152,231

181,797

23,314

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans, held at fair value

-

-

-

-

-

-

-

-

-

-

-

170,128

107,691

-

233,618

-

-

155,134

-

-

-

-

-

-

-

-

-

-

-

-

Loans, held-for-investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,467,322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage backed securities, at fair value

78,540

92,466

96,181

99,407

91,435

91,937

94,341

50,070

47,181

39,922

41,371

43,877

31,365

32,391

34,812

-

-

213,504

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for investment, at fair value - $35,615,300 and $394,942,512 pledged as collateral, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,572

32,114

-

401,206

406,139

411,091

415,959

430,096

433,553

415,613

331,785

334,793

120,783

10,839

0

Mortgage loans held for sale previously held for investment, at fair value - $368,071,942 pledged as collateral

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

368,956

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for investment, at cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,711

1,879

-

1,074

925

991

1,338

-

-

-

0

-

-

-

-

Mortgage loans held for sale, at fair value - $131,999,358 and $115,942,230 pledged as collateral, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113,868

110,859

-

114,670

104,785

126,028

97,690

-

-

-

0

-

-

-

-

Real estate securities, at fair value - $82,686,633 and $95,627,850 pledged as collateral, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84,616

87,120

-

113,220

131,389

145,714

148,585

243,904

227,293

231,844

226,155

196,552

444,536

455,928

170,671

Other Investment Securities, at fair value - $11,023,416 and $1,989,174 pledged as collateral, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,247

12,878

-

15,209

12,368

2,187

2,040

13,440

12,034

11,087

0

-

-

-

-

Loans eligible for repurchase from Ginnie Mae

77,605

77,953

71,528

69,101

73,057

74,180

79,600

79,623

81,484

95,158

101,408

105,244

117,229

137,986

-

38,845

37,480

-

28,479

23,435

19,343

21,710

-

-

-

0

-

-

-

-

Investment in unconsolidated joint ventures

53,379

58,850

55,663

47,551

39,025

33,438

40,914

41,598

50,229

55,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchased future receivables, net

49,150

43,265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

17,756

2,814

4,181

3,670

2,483

2,070

5,846

4,758

5,022

4,725

4,131

4,187

4,351

5,785

363

-

-

723

-

-

-

-

-

-

-

-

-

-

-

-

Servicing rights (including $78,631 and $91,174 held at fair value)

110,111

121,969

114,480

114,761

115,652

120,062

118,221

111,274

104,613

94,038

89,372

19,954

20,372

83,854

23,351

-

-

27,250

-

-

-

-

-

-

-

-

-

-

-

-

Real estate, held for sale

48,292

58,573

-

-

-

7,787

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential mortgage servicing rights, at fair value

-

-

-

-

-

-

-

-

-

-

-

66,797

64,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,495

44,852

-

42,044

42,692

33,363

33,378

-

-

-

0

-

-

-

-

Real estate owned, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166

-

-

-

-

-

-

-

Derivative assets, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,373

4,040

-

3,528

2,505

4,445

2,485

69

368

2,261

284

-

7,169

436

0

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,183

14,183

-

14,183

14,183

16,127

16,512

-

-

-

0

-

-

-

-

Intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

4,486

4,683

1,000

5,077

5,274

5,471

5,668

-

-

-

0

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due from servicers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from third parties

-

-

705

2,763

718

-

1,529

980

11,064

6,756

6,756

106,562

111,221

7,220

7,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired in settlement of loans, held for sale

-

-

60,807

65,834

75,517

-

-

-

-

-

-

-

-

-

10,009

-

-

8,224

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

114,891

106,925

76,848

68,399

68,886

64,335

59,160

56,948

53,592

56,840

35,356

39,452

60,938

54,277

12,896

6,566

12,858

30,045

7,013

8,030

7,570

6,092

1,129

4,148

1,473

2,666

3,699

1,648

1,870

1,345

Assets of consolidated VIEs

-

-

1,961,127

2,108,710

1,561,864

-

1,053,274

1,122,706

968,999

861,662

944,894

597,277

631,765

691,096

-

-

-

649,043

-

-

-

-

-

-

-

-

-

-

-

-

Assets of discontinued operations held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,325

-

-

-

-

-

-

-

-

-

-

-

-

Receivable for real estate securities sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,801

Total Assets

5,270,050

4,977,018

4,123,019

3,840,323

3,279,014

3,036,843

2,900,759

2,812,980

2,640,954

2,523,503

2,503,143

2,446,920

2,527,522

2,605,267

2,148,678

565,352

802,670

2,329,781

779,100

782,645

813,388

792,398

721,621

713,161

698,216

620,081

559,545

607,858

491,744

201,648

Liabilities
Borrowings under repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

520,169

632,951

-

581,773

-

-

644,137

-

-

-

-

-

-

-

-

-

-

-

-

Secured borrowings

1,698,937

1,189,392

1,315,534

988,868

848,225

834,547

817,051

678,858

657,233

637,393

138,074

138,311

73,390

927,462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured short-term borrowings

-

-

-

-

-

-

-

-

-

-

522,767

316,962

266,323

-

228,000

-

-

175,306

-

-

299,847

-

293,178

293,609

297,401

236,058

240,477

89,112

-

0

Promissory note

-

-

-

-

-

-

5,363

5,524

5,883

-

6,494

6,773

7,046

7,378

9,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securitized debt obligations of consolidated VIEs, net

-

-

1,465,539

1,567,113

1,140,919

-

752,432

795,503

679,871

598,148

680,282

397,911

434,055

492,942

-

-

-

461,522

-

-

-

-

-

-

-

-

-

-

-

-

Convertible notes, net

111,310

111,040

110,773

110,506

110,241

109,979

109,743

109,484

109,226

108,991

109,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured notes, net

179,387

179,289

179,189

179,086

178,979

178,870

178,757

178,718

178,688

138,078

-

-

-

-

-

57,066

56,784

-

56,240

55,978

55,723

55,474

55,231

54,995

54,763

54,539

-

-

-

0

Corporate debt, net

150,074

149,986

104,441

48,795

48,629

48,457

48,301

48,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warehouse lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102,497

101,478

-

104,216

96,092

116,886

89,417

-

-

-

0

-

-

-

-

Treasury securities repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69,254

39,574

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan Repurchase Facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,040

297,392

-

295,315

296,150

-

300,092

-

-

-

-

-

-

-

-

Securities repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,712

60,800

-

74,520

86,192

99,625

103,014

165,603

156,343

159,180

138,591

134,062

308,497

295,609

116,080

Guaranteed loan financing

457,032

485,461

25,571

28,445

34,047

229,678

246,229

263,920

278,500

293,045

313,388

332,812

361,916

390,555

415,417

-

-

499,187

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

1,773

1,686

10,732

10,016

9,037

8,939

8,841

14,487

-

11,684

11,483

-

12,612

12,279

11,953

11,430

-

-

-

0

-

-

-

-

Accounts payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,714

19,540

-

18,389

14,341

12,198

11,731

3,731

2,547

3,084

3,198

2,139

2,609

3,576

1,820

Liabilities for loans eligible for repurchase from Ginnie Mae

77,605

77,953

71,528

69,101

73,057

74,180

79,600

79,623

81,484

95,158

101,408

105,244

117,229

137,986

-

38,845

37,480

-

28,479

23,435

19,343

21,710

-

-

-

0

-

-

-

-

Repair and denial reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,849

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability under subservicing agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,576

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability under participation agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued salaries, wages and commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,503

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

16,585

5,250

11,906

9,032

3,392

3,625

39

935

756

282

358

931

619

643

3,415

-

-

1,499

-

-

-

-

-

-

-

-

-

-

-

-

Payable for real estate securities purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20,607

0

6,195

Derivative liabilities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,814

3,735

-

2,593

1,172

4,007

2,585

1,621

1,550

1,606

1,471

596

5,069

1,086

1,144

Dividends payable

21,747

21,302

18,292

18,292

13,396

13,346

13,346

13,340

12,335

12,289

12,289

12,289

12,162

11,505

-

3,559

3,559

13,366

3,559

3,559

3,559

3,559

3,559

3,559

3,559

8,452

4,448

4,004

-

0

Accounts payable and other accrued liabilities

89,740

97,407

81,235

73,679

67,240

74,719

79,089

72,659

64,490

74,636

54,579

53,768

63,130

70,207

26,265

-

-

47,665

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,886

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,970

1,550

1,928

-

598

436

204

74

Common stock repurchase liability (515,035 shares of common stock)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,190

Total Liabilities

4,494,491

4,132,234

3,384,008

3,092,917

2,518,125

2,472,768

2,331,723

2,248,422

2,079,198

1,968,036

1,948,090

1,894,109

1,977,662

2,053,165

1,664,049

399,189

631,827

1,849,568

595,928

589,202

623,146

599,014

524,895

514,155

521,524

442,312

382,324

430,336

300,475

136,507

Stockholders’ Equity
Common stock, $0.0001 par value, 500,000,000 shares authorized, 52,091,850 and 51,127,326 shares issued and outstanding, respectively

5

5

4

4

4

3

3

3

3

3

3

4

3

3

309

0

0

2

0

0

0

0

0

0

0

0

0

0

0

0

Commitments and contingencies (Note 22)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

Preferred stock, $1,000 par value, 125 shares authorized, 125 shares issued and outstanding as of December 31, 2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

0

0

125

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

837,064

822,837

720,823

720,812

720,680

540,478

540,573

539,457

539,457

539,455

539,664

537,443

513,658

513,295

449,075

164,207

164,207

447,093

164,207

164,207

164,207

164,207

164,207

164,207

164,207

164,207

164,207

164,207

164,401

39,759

Retained earnings

-69,605

8,746

9,173

14,914

21,790

5,272

8,994

5,870

2,559

-3,385

-3,952

-4,030

-2,648

-201

-4,276

-15,437

-11,211

-5,899

-148

9,080

6,215

9,029

12,023

14,062

-5,922

-4,958

-5,449

-5,179

6,941

5,281

Accumulated other comprehensive loss

-9,536

-6,176

-10,253

-7,703

-1,328

-922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Ready Capital Corporation equity

757,928

825,412

719,747

728,027

741,146

544,831

549,570

545,330

542,019

536,073

535,715

533,417

511,013

513,097

445,233

148,770

152,997

441,321

164,060

173,289

170,423

173,238

176,232

178,271

158,285

159,249

158,759

159,028

171,343

45,041

Non-controlling interests

17,631

19,372

19,264

19,379

19,743

19,244

19,466

19,228

19,737

19,394

19,338

19,394

38,847

39,005

39,396

17,392

17,845

38,892

19,111

20,153

19,818

20,145

20,493

20,734

18,406

18,518

18,461

18,493

19,925

20,098

Total Stockholders’ Equity

775,559

844,784

739,011

747,406

760,889

564,075

569,036

564,558

561,756

555,467

555,053

552,811

549,860

552,102

484,629

166,162

170,842

480,213

183,171

193,442

190,241

193,383

196,725

199,005

176,692

177,768

177,221

177,521

191,268

65,140

Total Liabilities and Stockholders’ Equity

5,270,050

4,977,018

4,123,019

3,840,323

3,279,014

3,036,843

2,900,759

2,812,980

2,640,954

2,523,503

2,503,143

2,446,920

2,527,522

2,605,267

2,148,678

565,352

802,670

2,329,781

779,100

782,645

813,388

792,398

721,621

713,161

698,216

620,081

559,545

607,858

491,744

201,648

Consolidated VIEs
Total Assets

2,229,517

2,378,486

-

-

-

1,251,057

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured borrowings

1,692,074

1,815,154

-

-

-

905,367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-