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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9458411,013360529738406
Cash and cash equivalents9458411,013360529738406
Total current assets:9458411,013360529738406
Noncurrent Assets
Operating lease, right-of-use asset27273033321920
Inventory, real estate      91
Property, plant and equipment2727232318  
Intangible assets, net (including goodwill)64656566716144
Goodwill29292929304225
Intangible assets, net (excluding goodwill)34353636411919
Deferred income tax assets 5014917694339
Total noncurrent assets:118169267298130123194
Other undisclosed assets32,18929,39722,47223,53544,20540,48636,192
TOTAL ASSETS:33,25230,40623,75224,19344,86341,34836,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt17,548 9,17110,81427,91623,11021,480
Total current liabilities:17,548 9,17110,81427,91623,11021,480
Noncurrent Liabilities
Liabilities, other than long-term debt8      
Deferred income tax liabilities8      
Total noncurrent liabilities:8      
Other undisclosed liabilities10,26724,9789,1928,0499,71110,9758,511
Total liabilities:27,82224,97818,36318,86337,62734,08629,992
Stockholders' equity
Stockholders' equity attributable to parent, including:5,3215,3295,2925,2647,1587,1786,718
Preferred stock813      
Common stock4444444
Additional paid in capital5,5475,5555,5555,5005,4985,4985,498
Accumulated other comprehensive income6652316682707687
Retained earnings (accumulated deficit)(1,109)(1,095)(1,110)(1,060)550546529
Other undisclosed stockholders' equity attributable to parent 813813813423423 
Stockholders' equity attributable to noncontrolling interest109999767798483
Total stockholders' equity:5,4305,4295,3895,3307,2367,2626,801
TOTAL LIABILITIES AND EQUITY:33,25230,40623,75224,19344,86341,34836,792

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues553685452148815545362
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset(96)(44)(90)(289)25253(86)
Gain on disposition of assets for financial service operations   351004431
Net investment income1,103  402463448416
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
8(15)(3)(100)(2) (13)
Gross profit:56167044848812545349
Operating expenses(404)(470)(437)(303)(336)(251)(202)
Operating income (loss):15720112(255)476294147
Nonoperating income (expense)(1,409)1721(77)61(35)6
Investment income, nonoperating(1,433)2420    
Other nonoperating income (expense)25(7)1    
Interest and debt expense(1)(66)(116)(217)(247)(246)(228)
Income (loss) from continuing operations before equity method investments, income taxes:(1,253)152(84)(549)29013(75)
Loss from equity method investments     (3)(3)
Other undisclosed income (loss) from continuing operations before income taxes1,42053145(1,226)(37)22931
Income (loss) from continuing operations before income taxes:16720562(1,774)253239(47)
Income tax expense (benefit)(66)(101)(17)167(23)522
Net income (loss):10210444(1,607)230245(25)
Net income (loss) attributable to noncontrolling interest(19)(12)(39)16(11)(15)(7)
Net income (loss) attributable to parent:83925(1,591)220230(32)
Preferred stock dividends and other adjustments(14)(14)(14)(11)(8)(5) 
Net income (loss) available to common stockholders, diluted:6978(9)(1,602)212225(32)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):10210444(1,607)230245(25)
Other comprehensive income (loss)142125(676)(25)20135
Comprehensive income (loss):11512569(2,283)206265110
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(19)(12)(39)16(11)(15)(7)
Other undisclosed comprehensive loss, net of tax, attributable to parent(14)(14)(14)(11)(8)(5) 
Comprehensive income (loss), net of tax, attributable to parent:829916(2,278)187245103

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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