Redwood Trust, Inc. (RWT) financial statements (2022 and earlier)

Company profile

Business Address ONE BELVEDERE PLACE
MILL VALLEY, CA 94941
State of Incorp. MD
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 investments4504611971761,114659624
Cash and cash equivalents450461197176145213220
Short-term investments    969446404
Total current assets:4504611971761,114659624
Noncurrent Assets
Operating lease, right-of-use asset191512
Property, plant and equipment9455334
Intangible assets, net (including goodwill)4257161    
Goodwill  89    
Intangible assets, net (excluding goodwill)425773    
Deferred income tax assets21  
Total noncurrent assets:90761785334
Other undisclosed assets14,1669,81817,62011,7575,9244,8225,603
TOTAL ASSETS:14,70710,35517,99511,9377,0405,4836,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities313114347
Accounts payable 65 115
Taxes payable16     
Interest and dividends payable2164232
Debt2,1775232,3292,6012,1897921,855
Total current liabilities:2,1805362,3402,6052,1927961,862
Noncurrent Liabilities
Liabilities, other than long-term debt  5    
Deferred income tax liabilities  5
Total noncurrent liabilities:  5    
Other undisclosed liabilities11,1418,70813,8237,9833,6363,5383,223
Total liabilities:13,3219,24416,16810,5895,8284,3345,085
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3861,1111,8271,3491,2122,8992,807
Common stock1111111
Additional paid in capital2,3172,2652,2701,8111,6741,6761,696
Accumulated other comprehensive income (loss)(9)(4)4261857292
Retained earnings1,3179971,5791,4101,2901,1501,019
Other undisclosed stockholders' equity attributable to parent(2,240)(2,148)(2,064)(1,935)(1,838)  
Stockholders' equity attributable to noncontrolling interest43171314   
Other undisclosed stockholders' equity(43)(17)(13)(14) (1,750)(1,661)
Total stockholders' equity:1,3861,1111,8271,3491,2121,1491,146
TOTAL LIABILITIES AND EQUITY:14,70710,35517,99511,9377,0405,4836,231

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
Revenues525530545305173238201
Net investment income495495502265155168162
Realized investment gains18302427132836
Gross profit:525530545305173238201
Operating expenses   (83)(77)(89)(97)
Other operating expense, net
(Other Expenses)
(17)(109)(13)    
Operating income:50842153222395149104
Interest and debt expense(427)(448)(480)(239)(109)(89)(96)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes257(559)1241471657584
Income (loss) from continuing operations before income taxes:338(586)17713115213592
Income tax expense (benefit)(18)5(7)(11)(12)(4)10
Net income (loss) attributable to parent:320(582)169120140131102
Other undisclosed net loss available to common stockholders, basic(11)(2)(5)(4)(4)(4)(3)
Net income (loss) available to common stockholders, basic:309(584)16411613712899
Interest on convertible debt27 36332724 
Other undisclosed net income (loss) available to common stockholders, diluted1 (0)(1)(0)(0)0
Net income (loss) available to common stockholders, diluted:337(584)20014816315199

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):320(582)169120140131102
Other comprehensive income (loss)(5)(46)(20)(24)13(20)(49)
Comprehensive income (loss), net of tax, attributable to parent:315(628)1499615411153

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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