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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments529251296291250213272
Cash and cash equivalents529251296291250213272
Total current assets:529251296291250213272
Noncurrent Assets
Operating lease, right-of-use asset32
Inventory, real estate 113128605162
Property, plant and equipment18      
Long-term investments and receivables     331353
Long-term investments     331353
Intangible assets, net (including goodwill)7143    
Goodwill3025     
Intangible assets, net (excluding goodwill)4119     
Deferred income tax assets9
Total noncurrent assets:1301571286051393353
Other undisclosed assets44,20531,28321,78918,01514,8927,4885,334
TOTAL ASSETS:44,86331,69122,21418,36515,1938,0945,959
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   222 
Taxes payable   222 
Debt27,91615,5548,6625,1914,0433,149 
Total current liabilities:27,91615,5548,6625,1934,0453,151 
Noncurrent Liabilities
Other undisclosed liabilities9,71110,0498,7559,7048,1623,0924,446
Total liabilities:37,62725,60317,41714,89712,2066,2444,446
Stockholders' equity
Stockholders' equity attributable to parent, including:7,1585,9984,6903,2602,7961,5961,266
Common stock4433213
Additional paid in capital5,4984,7463,7632,9212,6411,3291,157
Accumulated other comprehensive income6824173641264283
Retained earnings550831559211149238103
Other undisclosed stockholders' equity attributable to parent423      
Stockholders' equity attributable to noncontrolling interest7991106208191254247
Total stockholders' equity:7,2366,0884,7963,4682,9871,8501,513
TOTAL LIABILITIES AND EQUITY:44,86331,69122,21418,36515,1938,0945,959

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,3042,1852,0041,19564571 
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset385529
Net investment income1,7661,6641,5201,077645  
Financial services revenue485118 71 
Cost of revenue(10)(61)(76)(78)(19)(10) 
Provision for loan, lease, and other losses(10)(61)
Financial services costs(76)(78)(19)(10) 
Gross profit:2,2942,1251,9291,11762661 
Operating expenses(969)(609)(423)(174)(118)(105)(42)
Operating income (loss):1,3251,5151,506943509(44)(42)
Nonoperating income (expense)44(124)42842386243
Investment income, nonoperating  2086242375241
Other nonoperating income  428 112
Interest and debt expense(934)(606)(461)(373)(274)(141)(15)
Income from continuing operations before equity method investments, income taxes:4367841,049598277201185
Income from equity method investments 1126  5483
Other undisclosed income (loss) from continuing operations before income taxes21213610724(6)210(3)
Income from continuing operations before income taxes:6489311,182622271465266
Income tax expense (benefit)(42)73(168)(39)11(23) 
Net income:6061,0051,015583282442266
Net income (loss) attributable to noncontrolling interest(43)(41)(57)(78)(13)(89)0
Net income attributable to parent:563964958504269353266
Preferred stock dividends and other adjustments(13)      
Net income available to common stockholders, diluted:550964958504269353266

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:6061,0051,015583282442266
Other comprehensive income (loss)26553238122(24)25(12)
Other undisclosed comprehensive income (loss)     (89)0
Comprehensive income:8711,0571,253705257378254
Comprehensive loss, net of tax, attributable to noncontrolling interest(43)(41)(57)(78)(13)(89)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13)    178 
Comprehensive income, net of tax, attributable to parent:8151,0171,196627244467253

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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