New Residential Investment Corp. (NRZ) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,333945529251296291250
Cash and cash equivalents1,333945529251296291250
Total current assets:1,333945529251296291250
Noncurrent Assets
Operating lease, right-of-use asset1172732
Inventory, real estate   1131286051
Property, plant and equipment572718    
Intangible assets, net (including goodwill)228647143   
Goodwill85293025   
Intangible assets, net (excluding goodwill)143344119   
Deferred income tax assets  9
Total noncurrent assets:4021181301571286051
Other undisclosed assets38,00832,18944,20531,28321,78918,01514,892
TOTAL ASSETS:39,74233,25244,86331,69122,21418,36515,193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     22
Taxes payable     22
Debt20,59317,54827,91615,5548,6625,1914,043
Total current liabilities:20,59317,54827,91615,5548,6625,1934,045
Noncurrent Liabilities
Liabilities, other than long-term debt4418     
Deferred income tax liabilities4418 
Total noncurrent liabilities:4418     
Other undisclosed liabilities12,03910,2679,71110,0498,7559,7048,162
Total liabilities:33,07327,82237,62725,60317,41714,89712,206
Stockholders' equity
Stockholders' equity attributable to parent, including:6,6045,3217,1585,9984,6903,2602,796
Preferred stock1,262813     
Common stock5444332
Additional paid in capital6,0605,5475,4984,7463,7632,9212,641
Accumulated other comprehensive income90666824173641264
Retained earnings (accumulated deficit)(813)(1,109)550831559211149
Other undisclosed stockholders' equity attributable to parent  423    
Stockholders' equity attributable to noncontrolling interest651097991106208191
Total stockholders' equity:6,6695,4307,2366,0884,7963,4682,987
TOTAL LIABILITIES AND EQUITY:39,74233,25244,86331,69122,21418,36515,193

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,6221,9472,3042,1852,0041,195645
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset1,560(555)385529
Net investment income8111,1031,7661,6641,5201,077645
Financial services revenue485118 
Cost of revenue (110)(10)(61)(76)(78)(19)
Provision for loan, lease, and other losses (110)(10)(61)
Financial services costs(76)(78)(19)
Gross profit:3,6221,8362,2942,1251,9291,117626
Operating expenses(2,617)(1,794)(969)(609)(423)(174)(118)
Operating income:1,005431,3251,5151,506943509
Nonoperating income (expense)(89)(1,370)44(124)42842
Investment income, nonoperating(89)(1,370)  2086242
Other nonoperating income    428 
Interest and debt expense(1)(66)(934)(606)(461)(373)(274)
Income (loss) from continuing operations before equity method investments, income taxes:915(1,394)4367841,049598277
Income from equity method investments   1126  
Other undisclosed income (loss) from continuing operations before income taxes495321213610724(6)
Income (loss) from continuing operations before income taxes:964(1,341)6489311,182622271
Income tax expense (benefit)(158)(17)(42)73(168)(39)11
Net income (loss):806(1,358)6061,0051,015583282
Net loss attributable to noncontrolling interest(33)(53)(43)(41)(57)(78)(13)
Net income (loss) attributable to parent:772(1,410)563964958504269
Preferred stock dividends and other adjustments(67)(54)(13)    
Net income (loss) available to common stockholders, diluted:705(1,465)550964958504269

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):806(1,358)6061,0051,015583282
Other comprehensive income (loss) (616)26553238122(24)
Other undisclosed comprehensive income25      
Comprehensive income (loss):830(1,974)8711,0571,253705257
Comprehensive loss, net of tax, attributable to noncontrolling interest(33)(53)(43)(41)(57)(78)(13)
Other undisclosed comprehensive loss, net of tax, attributable to parent(67)(54)(13)    
Comprehensive income (loss), net of tax, attributable to parent:730(2,081)8151,0171,196627244

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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