2014 Q2 Form 10-Q Financial Statement

#000155659314000003 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $92.66M $23.00M
YoY Change 302.87% 187.49%
Cost Of Revenue $60.60M $7.600M
YoY Change 697.37% 2433.33%
Gross Profit $209.9M $113.6M
YoY Change 84.77% 1375.32%
Gross Profit Margin 226.54% 493.93%
Selling, General & Admin $5.400M $600.0K
YoY Change 800.0% -53.85%
% of Gross Profit 2.57% 0.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $29.52M $5.552M
YoY Change 431.74% 362.67%
Operating Profit $180.4M $108.0M
YoY Change 66.94% 1562.28%
Interest Expense $36.51M $2.651M
YoY Change 1277.29%
% of Operating Profit 20.24% 2.45%
Other Income/Expense, Net
YoY Change
Pretax Income $203.6M $109.2M
YoY Change 86.41% 1580.34%
Income Tax $21.40M $0.00
% Of Pretax Income 10.51% 0.0%
Net Earnings $182.2M $109.2M
YoY Change 66.82% 1580.34%
Net Earnings / Revenue 196.65% 474.9%
Basic Earnings Per Share $0.91 $0.86
Diluted Earnings Per Share $0.88 $0.85
COMMON SHARES
Basic Shares Outstanding 136.5M shares 126.5M shares
Diluted Shares Outstanding 139.7M shares 128.3M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $311.0M $210.0M
YoY Change 48.1%
Cash & Equivalents $311.1M $209.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $311.0M $210.0M
YoY Change 48.1%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $330.2M $2.495B
YoY Change -86.76%
Other Assets $43.00M
YoY Change
Total Long-Term Assets $6.728B $2.532B
YoY Change 165.73%
TOTAL ASSETS
Total Short-Term Assets $311.0M $210.0M
Total Long-Term Assets $6.728B $2.532B
Total Assets $7.039B $2.742B
YoY Change 156.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.00M
YoY Change
Accrued Expenses $2.000M $1.000M
YoY Change 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.815B $1.474B
YoY Change 23.13%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.919B $1.493B
YoY Change 28.53%
LONG-TERM LIABILITIES
Long-Term Debt $3.289B $0.00
YoY Change
Other Long-Term Liabilities $1.000M $4.000M
YoY Change -75.0%
Total Long-Term Liabilities $3.290B $4.000M
YoY Change 82150.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.919B $1.493B
Total Long-Term Liabilities $3.290B $4.000M
Total Liabilities $5.228B $1.497B
YoY Change 249.2%
SHAREHOLDERS EQUITY
Retained Earnings $160.4M
YoY Change
Common Stock $2.823M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.498B $1.246B
YoY Change
Total Liabilities & Shareholders Equity $7.039B $2.742B
YoY Change 156.72%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $182.2M $109.2M
YoY Change 66.82% 1580.34%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $27.90M $18.10M
YoY Change 54.14%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $317.8M -$178.3M
YoY Change -278.24%
Cash From Investing Activities $317.8M -$178.3M
YoY Change -278.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $163.8M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -175.1M 369.9M
YoY Change -147.34%
NET CHANGE
Cash From Operating Activities 27.90M 18.10M
Cash From Investing Activities 317.8M -178.3M
Cash From Financing Activities -175.1M 369.9M
Net Change In Cash 170.6M 209.7M
YoY Change -18.65%
FREE CASH FLOW
Cash From Operating Activities $27.90M $18.10M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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19117000 USD
nrz Gain Loss On Equity Method Investments
GainLossOnEquityMethodInvestments
21096000 USD
CY2014Q2 nrz Gain Loss On Equity Method Investments
GainLossOnEquityMethodInvestments
12743000 USD
nrz Gain Losson Transferof Loansto Real Estate Owned
GainLossonTransferofLoanstoRealEstateOwned
6694000 USD
nrz Gain Losson Transferof Loansto Real Estate Owned
GainLossonTransferofLoanstoRealEstateOwned
0 USD
CY2013Q2 nrz Gain Losson Transferof Loansto Real Estate Owned
GainLossonTransferofLoanstoRealEstateOwned
0 USD
CY2014Q2 nrz Gain Losson Transferof Loansto Real Estate Owned
GainLossonTransferofLoanstoRealEstateOwned
6694000 USD
CY2014Q2 nrz Impairment Net Of The Reversal Of Prior Valuation Allowances On Loans
ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans
908000 USD
CY2013Q2 nrz Incentive Compensation To Affiliate
IncentiveCompensationToAffiliate
878000 USD
nrz Impairment Net Of The Reversal Of Prior Valuation Allowances On Loans
ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans
1400000 USD
CY2013Q2 nrz Impairment Net Of The Reversal Of Prior Valuation Allowances On Loans
ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans
3756000 USD
nrz Impairment Net Of The Reversal Of Prior Valuation Allowances On Loans
ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans
3756000 USD
nrz Incentive Compensation To Affiliate
IncentiveCompensationToAffiliate
22201000 USD
nrz Interest Received From Mortgage Servicing Rights
InterestReceivedFromMortgageServicingRights
25509000 USD
CY2014Q2 nrz Linked Transactions Derivatives
LinkedTransactionsDerivatives
30736000 USD
CY2013Q4 nrz Linked Transactions Derivatives
LinkedTransactionsDerivatives
35926000 USD
CY2014Q2 nrz Management Fee Rate
ManagementFeeRate
0.015
CY2014Q2 nrz Management Fee To Affiliate
ManagementFeeToAffiliate
4915000 USD
nrz Management Fee To Affiliate
ManagementFeeToAffiliate
9401000 USD
nrz Management Fee To Affiliate
ManagementFeeToAffiliate
2263000 USD
CY2013Q2 nrz Management Fee To Affiliate
ManagementFeeToAffiliate
2263000 USD
nrz Margin Deposits Under Repurchase Agreements
MarginDepositsUnderRepurchaseAgreements
-115961000 USD
nrz Margin Deposits Under Repurchase Agreements
MarginDepositsUnderRepurchaseAgreements
-87579000 USD
nrz Otherthan Temporary Impairment Credit Losses Recognizedin Earnings Reductions Remeasurement
OtherthanTemporaryImpairmentCreditLossesRecognizedinEarningsReductionsRemeasurement
408000 USD
nrz Payment From Derivative Instrument Loss On Settlement Investing Activities
PaymentFromDerivativeInstrumentLossOnSettlementInvestingActivities
17273000 USD
nrz Payment From Derivative Instrument Loss On Settlement Investing Activities
PaymentFromDerivativeInstrumentLossOnSettlementInvestingActivities
0 USD
nrz Payments To Acquire Available For Sale Securities Non Agency Rmbs
PaymentsToAcquireAvailableForSaleSecuritiesNonAgencyRMBS
1057464000 USD
nrz Payments To Acquire Available For Sale Securities Non Agency Rmbs
PaymentsToAcquireAvailableForSaleSecuritiesNonAgencyRMBS
124176000 USD
nrz Payments To Acquire Mortgage Servicing Rights Msr Equity Method Investees
PaymentsToAcquireMortgageServicingRightsMSREquityMethodInvestees
53766000 USD
nrz Payments To Acquire Mortgage Servicing Rights Msr Equity Method Investees
PaymentsToAcquireMortgageServicingRightsMSREquityMethodInvestees
0 USD
CY2013Q2 nrz Per Share Exchange Ratio In Spinoff
PerShareExchangeRatioInSpinoff
1
nrz Principal Repayments From Servicer Advance Investments
PrincipalRepaymentsFromServicerAdvanceInvestments
0 USD
nrz Principal Repayments From Servicer Advance Investments
PrincipalRepaymentsFromServicerAdvanceInvestments
3062259000 USD
nrz Proceeds From Derivative Instrument Gain On Settlement Investing Activities
ProceedsFromDerivativeInstrumentGainOnSettlementInvestingActivities
13271000 USD
nrz Proceeds From Derivative Instrument Gain On Settlement Investing Activities
ProceedsFromDerivativeInstrumentGainOnSettlementInvestingActivities
0 USD
nrz Proceeds From Maturities Repayments Non Agency Rmbs
ProceedsFromMaturitiesRepaymentsNonAgencyRMBS
23592000 USD
nrz Proceeds From Maturities Repayments Non Agency Rmbs
ProceedsFromMaturitiesRepaymentsNonAgencyRMBS
49175000 USD
nrz Proceeds From Sale Of Available For Sale Securities Agency Rmbs
ProceedsFromSaleOfAvailableForSaleSecuritiesAgencyRMBS
0 USD
nrz Proceeds From Sale Of Available For Sale Securities Agency Rmbs
ProceedsFromSaleOfAvailableForSaleSecuritiesAgencyRMBS
324379000 USD
nrz Proceeds From Sale Of Available For Sale Securities Non Agency Rmbs
ProceedsFromSaleOfAvailableForSaleSecuritiesNonAgencyRMBS
1273190000 USD
nrz Proceeds From Sale Of Available For Sale Securities Non Agency Rmbs
ProceedsFromSaleOfAvailableForSaleSecuritiesNonAgencyRMBS
4421000 USD
nrz Proceedsfrom Interest Paymentson Residential Mortgage Loans Held For Investment
ProceedsfromInterestPaymentsonResidentialMortgageLoansHeldForInvestment
0 USD
nrz Proceedsfrom Interest Paymentson Residential Mortgage Loans Held For Investment
ProceedsfromInterestPaymentsonResidentialMortgageLoansHeldForInvestment
-1223000 USD
CY2014Q2 nrz Reit Threshold Income Tax
REITThresholdIncomeTax
0.90
CY2014Q2 nrz Re Securities Credit Quality Face Amount
RESecuritiesCreditQualityFaceAmount
186186000 USD
CY2013Q4 nrz Re Securities Credit Quality Face Amount
RESecuritiesCreditQualityFaceAmount
729895000 USD
CY2014Q2 nrz Re Securities Credit Quality Purchased Face
RESecuritiesCreditQualityPurchasedFace
361700000 USD
CY2014Q2 nrz Real Estate Owned From Linked Transactions
RealEstateOwnedFromLinkedTransactions
25800000 USD
nrz Repayments Margin Deposits
RepaymentsMarginDeposits
-152936000 USD
nrz Repayments Margin Deposits
RepaymentsMarginDeposits
-87216000 USD
nrz Repayments Of Repurchase Agreements
RepaymentsOfRepurchaseAgreements
3902000 USD
nrz Repayments Of Repurchase Agreements
RepaymentsOfRepurchaseAgreements
0 USD
nrz Return Of Investments In Excess Mortgage Servicing Rights
ReturnOfInvestmentsInExcessMortgageServicingRights
19421000 USD
nrz Return Of Investments In Excess Mortgage Servicing Rights
ReturnOfInvestmentsInExcessMortgageServicingRights
6600000 USD
CY2014Q2 nrz Rmbs Principal Receivable
RmbsPrincipalReceivable
12500000 USD
CY2013Q4 nrz Servicer Advances Carrying Value
ServicerAdvancesCarryingValue
2665551000 USD
CY2014Q2 nrz Servicer Advances Carrying Value
ServicerAdvancesCarryingValue
3679105000 USD
CY2014Q2 nrz Servicer Base Fee
ServicerBaseFee
0.092
CY2014Q2 nrz Unpaid Principal Balance Of Underlying Loan
UnpaidPrincipalBalanceOfUnderlyingLoan
95166259000 USD
CY2014Q2 nrz Unrealized Gain Losson Servicing Asset
UnrealizedGainLossonServicingAsset
82877000 USD
nrz Unrealized Gain Losson Servicing Asset
UnrealizedGainLossonServicingAsset
0 USD
nrz Unrealized Gain Losson Servicing Asset
UnrealizedGainLossonServicingAsset
82877000 USD
CY2013Q2 nrz Unrealized Gain Losson Servicing Asset
UnrealizedGainLossonServicingAsset
0 USD
nrz Weighted Average Life Years
WeightedAverageLifeYears
P5Y9M18D
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001556593
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
282213133 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Listing Par Value Per Share
EntityListingParValuePerShare
0.01
dei Entity Registrant Name
EntityRegistrantName
New Residential Investment Corp.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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0001556593-14-000003.txt Edgar Link pending
0001556593-14-000003-xbrl.zip Edgar Link pending
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