New Residential Investment Corp. (NRZ) financial statements (2021 and earlier)

Company profile

Business Address 1345 Avenue of the Americas
NEW YORK, NY 10105
State of Incorp.
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments529738406341251330193
Cash and cash equivalents529738406341251330193
Total current assets:529738406341251330193
Noncurrent Assets
Operating lease, right-of-use asset321920 
Inventory, real estate  91109113115126
Property, plant and equipment18      
Intangible assets, net (including goodwill)716144444353 
Goodwill304225252549 
Intangible assets, net (excluding goodwill)41191919194 
Deferred income tax assets94339 
Total noncurrent assets:130123194153157168126
Other undisclosed assets44,20540,48636,19232,91631,28329,59222,625
TOTAL ASSETS:44,86341,34836,79233,41031,69130,09122,944
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt27,91623,11021,48018,44215,55414,3878,757
Total current liabilities:27,91623,11021,48018,44215,55414,3878,757
Noncurrent Liabilities
Other undisclosed liabilities9,71110,9758,5118,05610,0499,8678,388
Total liabilities:37,62734,08629,99226,49725,60324,25417,145
Stockholders' equity
Stockholders' equity attributable to parent, including:7,1587,1786,7186,8225,9985,7435,709
Common stock4444433
Additional paid in capital5,4985,4985,4985,4984,7464,2564,246
Accumulated other comprehensive income682707687552417469459
Retained earnings5505465297698311,0151,000
Other undisclosed stockholders' equity attributable to parent423423     
Stockholders' equity attributable to noncontrolling interest79848390919490
Total stockholders' equity:7,2367,2626,8016,9126,0885,8375,799
TOTAL LIABILITIES AND EQUITY:44,86341,34836,79233,41031,69130,09122,944

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues815545362622435605559
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset25253(86)166(10)175146
Net investment income463448416439451426404
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2) (13)(5)(32)(5)(4)
Gross profit:812545349617402599556
Operating expenses(336)(251)(202)(180)(190)(192)(120)
Operating income:476294147437213407436
Nonoperating income (expense)61(35)613(163)1910
Interest and debt expense(247)(246)(228)(213)(185)(163)(134)
Income (loss) from continuing operations before equity method investments, income taxes:29013(75)236(136)264312
Income (loss) from equity method investments (3)(3)4(2)53
Other undisclosed income (loss) from continuing operations before income taxes(37)22931(39)79(69)(132)
Income (loss) from continuing operations before income taxes:253239(47)202(59)199183
Income tax expense (benefit)(23)522(46)67(4)3
Net income (loss):230245(25)1569195186
Net loss attributable to noncontrolling interest(11)(15)(7)(10)(9)(11)(11)
Net income (loss) attributable to parent:220230(32)1460185175
Preferred stock dividends and other adjustments(8)(5)     
Net income (loss) available to common stockholders, diluted:212225(32)1460185175

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):230245(25)1569195186
Other comprehensive income (loss)(25)20135135(52)1039
Comprehensive income (loss):206265110291(43)206225
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(15)(7)(10)(9)(11)(11)
Other undisclosed comprehensive loss, net of tax, attributable to parent(8)(5)     
Comprehensive income (loss), net of tax, attributable to parent:187245103280(52)195214

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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