Redwood trust, inc. (RWT)
Balance Sheet / 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'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Loans, at fair value

-

-

-

-

-

-

-

-

-

-

4,184

3,905

3,472

-

4,311

4,040

3,715

-

4,036

3,286

3,399

3,398

3,287

2,724

2,464

2,166

2,592

3,219

2,965

2,835

3,494

3,471

3,651

4,194

4,157

3,860

3,795

3,797

3,751

3,810

3,739

Commercial loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

325

363

-

468

551

460

566

497

468

491

432

379

494

401

313

298

258

190

169

110

83

62

50

-

-

-

Trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

278

296

321

-

309

275

277

Available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

754

740

781

-

798

740

810

Real estate securities, at fair value

293

1,099

1,285

1,477

1,543

1,452

1,470

1,453

1,357

1,476

1,356

1,218

1,165

1,018

936

883

919

1,233

1,085

1,157

1,285

1,379

1,394

1,845

1,743

1,682

1,324

1,314

1,230

1,108

1,312

1,311

1,262

981

1,033

1,037

1,103

1,154

1,107

1,016

1,087

Other investments

446

358

347

372

414

438

-

-

66

63

62

63

111

118

106

110

126

191

162

168

120

139

135

71

64

64

60

43

-

5

-

-

-

-

0

0

0

-

0

3

20

Cash and cash equivalents

378

197

395

218

200

176

174

185

178

144

257

217

221

212

221

216

305

220

235

226

303

269

149

157

149

173

204

207

78

81

39

69

149

267

133

79

220

46

189

288

242

Total earning assets

-

-

-

-

-

-

-

-

6,748

-

5,861

5,404

4,970

5,237

5,605

5,575

5,430

5,976

5,988

5,390

5,569

5,753

5,465

5,266

4,914

4,519

4,561

5,279

4,676

4,343

5,144

5,112

5,253

5,613

5,434

5,061

5,182

5,049

5,048

5,119

5,090

Restricted cash

26

94

112

34

14

29

27

15

2

2

26

2

1

8

2

8

2

5

8

2

0

0

0

0

0

0

0

0

0

0

42

18

15

14

17

35

34

24

24

26

94

Goodwill

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets

68

161

49

50

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest receivable

57

71

57

54

48

47

35

29

27

27

21

20

17

18

20

20

19

23

20

16

17

18

15

15

14

13

14

16

14

12

16

15

16

15

14

13

13

13

13

14

18

Derivative assets

90

35

43

26

22

35

87

65

63

15

11

12

26

36

36

57

31

16

38

26

30

16

7

7

4

7

4

43

3

2

3

2

3

2

2

4

5

8

3

4

12

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

2

2

4

Deferred securities issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

13

14

16

10

11

12

13

14

15

17

9

6

6

7

8

8

6

7

5

6

7

6

Other assets

295

348

377

334

285

217

365

272

157

194

209

216

197

181

207

235

242

197

201

147

182

113

112

77

61

53

63

80

85

75

84

90

76

88

76

43

36

38

62

45

26

Total Assets

12,300

17,995

15,476

13,851

12,193

11,937

9,139

7,512

6,999

7,039

6,130

5,655

5,214

5,483

5,872

5,897

5,726

6,220

6,269

5,595

5,816

5,918

5,611

5,378

5,007

4,608

4,659

5,435

4,797

4,444

5,296

5,246

5,372

5,743

5,554

5,164

5,283

5,143

5,162

5,219

5,252

LIABILITIES AND EQUITY
Liabilities
Short-term debt, net

2,341

2,329

1,980

2,462

2,163

2,400

1,424

1,426

1,504

1,938

1,238

1,294

563

791

1,117

1,059

804

1,855

1,872

1,367

1,502

1,793

1,887

1,718

1,288

862

838

1,445

721

551

522

455

440

428

-

40

-

44

0

0

-

Accrued interest payable

40

60

46

47

39

42

31

21

23

18

18

9

16

9

15

9

15

8

14

8

14

8

10

7

9

6

11

8

5

4

6

6

7

8

7

6

6

5

6

6

5

Derivative liabilities

114

163

234

173

110

84

42

55

56

63

65

69

66

66

100

119

97

62

88

54

68

58

38

39

27

18

32

29

44

51

108

114

103

127

127

82

70

83

121

106

83

Accrued expenses and other liabilities

163

146

129

117

119

78

102

79

77

67

81

73

51

72

69

73

82

69

75

49

60

52

48

42

55

48

36

83

29

26

41

15

13

8

8

9

8

14

15

10

71

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

10

10

10

7

7

7

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset-backed securities issued, at fair value

6,461

10,515

8,346

6,913

5,637

5,410

3,406

1,929

1,542

1,164

944

692

728

773

819

859

958

1,049

1,178

1,262

1,353

1,545

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net

2,453

2,953

2,953

2,573

2,572

2,572

2,770

2,770

2,575

2,575

2,574

2,336

2,621

2,620

2,619

2,684

2,683

2,027

1,821

1,579

1,550

1,194

696

546

513

476

471

443

443

139

139

139

139

139

139

139

139

139

140

140

140

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

19

19

19

19

19

19

Asset-backed securities issued - Sequoia

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,567

3,681

-

Asset-backed securities issued - Acacia

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

253

-

Total liabilities

11,575

16,168

13,691

12,287

10,643

10,588

7,778

6,283

5,779

5,827

4,922

4,476

4,048

4,334

4,742

4,804

4,641

5,073

5,062

4,331

4,558

4,662

4,345

4,129

3,756

3,362

3,452

4,226

3,609

3,303

4,247

4,295

4,409

4,850

4,595

4,138

4,201

4,068

4,135

4,217

4,263

Equity
Common stock, par value $0.01 per share, 270,000,000 shares authorized; 114,837,533 and 114,353,036 issued and outstanding

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

2,275

2,269

2,244

2,013

1,996

1,811

1,785

1,665

1,661

1,673

1,681

1,679

1,677

1,676

1,677

1,678

1,680

1,695

1,746

1,779

1,779

1,774

1,768

1,764

1,765

1,760

1,757

1,754

1,750

1,744

1,739

1,705

1,702

1,697

1,695

1,694

1,692

1,689

1,686

1,684

1,674

Accumulated other comprehensive income

-85

41

38

48

52

61

72

75

80

85

82

69

72

71

54

46

56

91

119

140

135

140

159

167

160

148

114

118

142

138

73

28

41

-13

32

80

122

112

60

38

64

Cumulative earnings

635

1,579

1,529

1,495

1,464

1,409

1,410

1,369

1,337

1,290

1,259

1,223

1,186

1,149

1,124

1,072

1,030

1,018

977

958

931

906

879

834

818

806

781

759

693

633

590

551

531

501

503

502

493

474

460

440

364

Cumulative distributions to stockholders

2,101

2,064

2,029

1,994

1,964

1,934

1,908

1,883

1,859

1,837

1,815

1,793

1,771

1,749

1,727

1,705

1,683

1,661

1,638

1,614

1,590

1,566

1,542

1,518

1,494

1,471

1,447

1,423

1,400

1,376

1,355

1,334

1,314

1,294

1,273

1,253

1,233

1,213

-1,193

-1,173

1,133

Total stockholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

951

962

-

958

1,024

1,074

1,064

1,015

990

971

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

2

7

10

11

11

17

Total equity

725

1,827

1,785

1,564

1,549

1,348

1,361

1,228

1,219

1,212

1,208

1,179

1,165

1,149

1,130

1,092

1,085

1,146

1,206

1,264

1,257

1,256

1,266

1,248

1,250

1,245

1,207

1,209

1,187

1,140

1,049

951

962

892

958

1,026

1,081

1,075

1,026

1,002

989

Total Liabilities and Equity

12,300

17,995

15,476

13,851

12,193

11,937

9,139

7,512

6,999

7,039

6,130

5,655

5,214

5,483

5,872

5,897

5,726

6,220

6,269

5,595

5,816

5,918

5,611

5,378

5,007

4,608

4,659

5,435

4,797

4,444

5,296

5,246

5,372

5,743

5,554

5,164

5,283

5,143

5,162

5,219

5,252

Convertible notes

-

-

-

-

-

201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential loans, held-for-sale, at fair value
Loans, at fair value

2,330

536

925

1,056

819

1,048

866

1,104

1,130

1,427

925

837

376

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential loans, held-for-investment, at fair value
Loans, at fair value

4,380

7,178

7,755

6,227

6,455

6,205

5,055

4,386

4,015

3,687

3,259

3,067

3,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business purpose residential loans, held-for-sale, at fair value
Loans, at fair value

415

331

-

-

-

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business purpose residential loans, held-for-investment, at fair value
Loans, at fair value

3,048

3,175

-

-

-

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business purpose residential loans, at fair value
Loans, at fair value

-

-

336

250

160

-

115

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multifamily Loans [Member]
Loans, at fair value

470

4,408

3,791

3,749

2,175

2,144

942

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Loans Held For Sale
Residential loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Loans Held For Investment at Fair Value
Residential loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Loans Held for Investment
Residential loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial Loans Held For Sale
Commercial loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial Loans Held For Investment
Commercial loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Variable Interest Entity, Primary Beneficiary
Total Assets

7,470

11,931

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

6,759

10,717

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset-backed Securities
Asset-backed securities issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,656

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-