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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments945529251296291250213
Cash and cash equivalents945529251296291250213
Total current assets:945529251296291250213
Noncurrent Assets
Operating lease, right-of-use asset2732
Inventory, real estate  113128605162
Property, plant and equipment2718     
Long-term investments and receivables      331
Long-term investments      331
Intangible assets, net (including goodwill)647143    
Goodwill293025    
Intangible assets, net (excluding goodwill)344119    
Deferred income tax assets 9
Total noncurrent assets:1181301571286051393
Other undisclosed assets32,18944,20531,28321,78918,01514,8927,488
TOTAL ASSETS:33,25244,86331,69122,21418,36515,1938,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    222
Taxes payable    222
Debt17,54827,91615,5548,6625,1914,0433,149
Total current liabilities:17,54827,91615,5548,6625,1934,0453,151
Noncurrent Liabilities
Liabilities, other than long-term debt8      
Deferred income tax liabilities8 
Total noncurrent liabilities:8      
Other undisclosed liabilities10,2679,71110,0498,7559,7048,1623,092
Total liabilities:27,82237,62725,60317,41714,89712,2066,244
Stockholders' equity
Stockholders' equity attributable to parent, including:5,3217,1585,9984,6903,2602,7961,596
Preferred stock813      
Common stock4443321
Additional paid in capital5,5475,4984,7463,7632,9212,6411,329
Accumulated other comprehensive income66682417364126428
Retained earnings (accumulated deficit)(1,109)550831559211149238
Other undisclosed stockholders' equity attributable to parent 423     
Stockholders' equity attributable to noncontrolling interest1097991106208191254
Total stockholders' equity:5,4307,2366,0884,7963,4682,9871,850
TOTAL LIABILITIES AND EQUITY:33,25244,86331,69122,21418,36515,1938,094

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,9472,3042,1852,0041,19564571
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset(555)385529
Net investment income1,1031,7661,6641,5201,077645 
Financial services revenue485118 71
Cost of revenue(110)(10)(61)(76)(78)(19)(10)
Provision for loan, lease, and other losses(110)(10)(61)
Financial services costs(76)(78)(19)(10)
Gross profit:1,8362,2942,1251,9291,11762661
Operating expenses(1,794)(969)(609)(423)(174)(118)(105)
Operating income (loss):431,3251,5151,506943509(44)
Nonoperating income (expense)(1,370)44(124)42842386
Investment income, nonoperating(1,370)  2086242375
Other nonoperating income   428 11
Interest and debt expense(66)(934)(606)(461)(373)(274)(141)
Income (loss) from continuing operations before equity method investments, income taxes:(1,394)4367841,049598277201
Income from equity method investments  1126  54
Other undisclosed income (loss) from continuing operations before income taxes5321213610724(6)210
Income (loss) from continuing operations before income taxes:(1,341)6489311,182622271465
Income tax expense (benefit)(17)(42)73(168)(39)11(23)
Net income (loss):(1,358)6061,0051,015583282442
Net loss attributable to noncontrolling interest(53)(43)(41)(57)(78)(13)(89)
Net income (loss) attributable to parent:(1,410)563964958504269353
Preferred stock dividends and other adjustments(54)(13)     
Net income (loss) available to common stockholders, diluted:(1,465)550964958504269353

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,358)6061,0051,015583282442
Other comprehensive income (loss)(616)26553238122(24)25
Other undisclosed comprehensive loss      (89)
Comprehensive income (loss):(1,974)8711,0571,253705257378
Comprehensive loss, net of tax, attributable to noncontrolling interest(53)(43)(41)(57)(78)(13)(89)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(54)(13)    178
Comprehensive income (loss), net of tax, attributable to parent:(2,081)8151,0171,196627244467

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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