2014 Q3 Form 10-Q Financial Statement

#000110465914057143 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $181.4M $170.8M $134.4M
YoY Change 20.6% 27.01% 94.99%
Cost Of Revenue $64.70M $62.80M $38.80M
YoY Change 17.85% 61.86% 66.52%
Gross Profit $116.7M $108.0M $95.60M
YoY Change 22.2% 12.97% 109.19%
Gross Profit Margin 64.34% 63.25% 71.11%
Selling, General & Admin $49.40M $45.20M $44.30M
YoY Change 4.0% 2.03% 1540.74%
% of Gross Profit 42.33% 41.85% 46.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.600M $4.800M $2.700M
YoY Change -43.48% 77.78%
% of Gross Profit 2.23% 4.44% 2.82%
Operating Expenses $54.90M $54.10M $47.50M
YoY Change 4.37% 13.89% 1596.43%
Operating Profit $60.99M $53.06M $33.83M
YoY Change 48.28% 56.86% -18.79%
Interest Expense $39.74M $37.70M $22.65M
YoY Change 16.82% 66.44% 116.46%
% of Operating Profit 65.15% 71.04% 66.95%
Other Income/Expense, Net $110.2M $71.60M $45.08M
YoY Change 68.21% 58.81% 1351.95%
Pretax Income $171.2M $124.7M $78.91M
YoY Change 60.53% 57.97% 76.3%
Income Tax $3.836M $4.277M $11.34M
% Of Pretax Income 2.24% 3.43% 14.37%
Net Earnings $165.0M $117.9M $60.45M
YoY Change 88.92% 94.97% 35.49%
Net Earnings / Revenue 91.0% 69.03% 44.97%
Basic Earnings Per Share $0.73 $0.53 $0.37
Diluted Earnings Per Share $0.73 $0.52 $0.37
COMMON SHARES
Basic Shares Outstanding 222.6M shares 221.4M shares 162.4M shares
Diluted Shares Outstanding 223.5M shares 222.9M shares 162.4M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.222B $1.421B $1.117B
YoY Change 10.69% 27.25% 478.6%
Cash & Equivalents $327.3M $518.6M $366.8M
Short-Term Investments $894.3M $902.4M $749.9M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $362.0M $556.0M $393.0M
YoY Change -35.13% 41.48% 85.38%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $140.4M $140.4M $100.9M
YoY Change 31.13% 39.25%
Intangibles $145.8M $156.8M $190.6M
YoY Change -22.34% -17.73%
Long-Term Investments $90.73M $97.83M $133.4M
YoY Change -94.09% -26.68% -87.06%
Other Assets $46.00M $45.00M $70.00M
YoY Change -44.58% -35.71%
Total Long-Term Assets $116.5B $120.8B $102.8B
YoY Change 12.57% 17.53% 3062.84%
TOTAL ASSETS
Total Short-Term Assets $362.0M $556.0M $393.0M
Total Long-Term Assets $116.5B $120.8B $102.8B
Total Assets $116.9B $121.4B $103.2B
YoY Change 12.32% 17.62% 2880.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.0M $141.0M $175.0M
YoY Change -18.52% -19.43% 2816.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $287.0M $273.0M $273.0M
YoY Change -6.21% 0.0% 295.65%
LONG-TERM LIABILITIES
Long-Term Debt $3.858B $3.708B $2.357B
YoY Change 61.15% 57.32% 110.82%
Other Long-Term Liabilities $108.9B $113.6B $96.97B
YoY Change 12.18% 17.12% 387772.0%
Total Long-Term Liabilities $112.7B $117.3B $99.33B
YoY Change 13.36% 18.07% 8589.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $287.0M $273.0M $273.0M
Total Long-Term Liabilities $112.7B $117.3B $99.33B
Total Liabilities $113.0B $117.5B $99.60B
YoY Change 13.3% 18.02% 8077.1%
SHAREHOLDERS EQUITY
Retained Earnings $7.302M -$49.69M -$84.92M
YoY Change -108.56% -41.49%
Common Stock $3.796B $3.787B $3.582B
YoY Change -11.67% 5.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.64M $10.64M $10.64M
YoY Change 122.09% 0.0%
Treasury Stock Shares 1.214M shares 625.9K shares 625.9K shares
Shareholders Equity $3.849B $3.801B $3.546B
YoY Change
Total Liabilities & Shareholders Equity $116.9B $121.4B $103.2B
YoY Change 12.32% 17.62% 2880.51%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $165.0M $117.9M $60.45M
YoY Change 88.92% 94.97% 35.49%
Depreciation, Depletion And Amortization $2.600M $4.800M $2.700M
YoY Change -43.48% 77.78%
Cash From Operating Activities $6.100M $126.1M $110.4M
YoY Change -128.64% 14.22% 565.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$247.8M -$264.9M -$923.8M
YoY Change -49.17% -71.32% 629.12%
Cash From Investing Activities -$247.8M -$264.9M -$923.8M
YoY Change -49.17% -71.32% 629.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $491.0M $822.4M
YoY Change -40.29% 79.82%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 54.40M 430.2M 1.007B
YoY Change -91.97% -57.28% 491.02%
NET CHANGE
Cash From Operating Activities 6.100M 126.1M 110.4M
Cash From Investing Activities -247.8M -264.9M -923.8M
Cash From Financing Activities 54.40M 430.2M 1.007B
Net Change In Cash -187.3M 291.4M 193.7M
YoY Change -210.83% 50.44% 221.23%
FREE CASH FLOW
Cash From Operating Activities $6.100M $126.1M $110.4M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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The newly-formed real estate investment trust, Starwood Waypoint Residential Trust (&#8220;SWAY&#8221;), is listed on the New York Stock Exchange (&#8220;NYSE&#8221;) and trades under the ticker symbol &#8220;SWAY.&#8221; Our stockholders received one common share of SWAY for every five shares of our common stock held at the close of business on January&#160;24, 2014. As part of the spin-off, we contributed $100&#160;million to the unlevered balance sheet of SWAY to fund its growth and operations. As of January&#160;31, 2014, SWAY held net assets of $1.1&#160;billion. The net assets of SWAY consisted of approximately 7,200 units of single-family homes and residential non-performing mortgage loans as of January&#160;31, 2014. In connection with the spin-off, 40.1&#160;million shares of SWAY were issued. 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0.748 pure
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LIBOR
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stwd Impairment Charges On Mortgage Individual Loans On Real Estate Held For Investment
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CY2013 stwd Mortgage Loans On Real Estate Allowance Of Loan Losses As Percentage Of Carrying Amount
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0.056 pure
stwd Mortgage Loans On Real Estate Allowance Of Loan Losses As Percentage Of Carrying Amount
MortgageLoansOnRealEstateAllowanceOfLoanLossesAsPercentageOfCarryingAmount
0.056 pure
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us-gaap Provision For Loan And Lease Losses
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LoansAndLeasesReceivableAllowance
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CY2013Q2 us-gaap Loans And Leases Receivable Allowance
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289470000 USD
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MortgageLoansOnRealEstate
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4750804000 USD
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MortgageLoansOnRealEstate
3000335000 USD
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1860026000 USD
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MortgageLoansOnRealEstateNewMortgageLoans
1308602000 USD
stwd Mortgage Loans On Real Estate Capitalized Interest
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19022000 USD
stwd Mortgage Loans On Real Estate Capitalized Interest
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5279000 USD
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868804000 USD
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
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573825000 USD
us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
633425000 USD
us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
140596000 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
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-10147000 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
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stwd Mortgage Loans On Real Estate Unrealized Foreign Currency Remeasurement Gain Loss
MortgageLoansOnRealEstateUnrealizedForeignCurrencyRemeasurementGainLoss
16462000 USD
stwd Mortgage Loans On Real Estate Unrealized Foreign Currency Remeasurement Gain Loss
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-4572000 USD
stwd Mortgage Loans On Real Estate Write Off Of Capitalized Cost
MortgageLoansOnRealEstateWriteOffOfCapitalizedCost
1517000 USD
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60085000 USD
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935107000 USD
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902424000 USD
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us-gaap Proceeds From Sale Maturity And Collections Of Investments
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235904000 USD
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10887000 USD
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
19114000 USD
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18398000 USD
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
40124000 USD
stwd Number Of Commercial Mortgage Backed Securities Classified As Heldtomaturity Securities
NumberOfCommercialMortgageBackedSecuritiesClassifiedAsHeldtomaturitySecurities
1 item
CY2013 stwd Number Of Commercial Mortgage Backed Securities Classified As Heldtomaturity Securities
NumberOfCommercialMortgageBackedSecuritiesClassifiedAsHeldtomaturitySecurities
1 item
us-gaap Held To Maturity Securities Unrecognized Holding Gains
HeldToMaturitySecuritiesUnrecognizedHoldingGains
2083000 USD
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
-219000 USD
CY2014Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
24500000 USD
CY2014Q2 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
24500000 USD
CY2013Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
26344000 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
16255000 USD
CY2013Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
1809000 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
1552000 USD
CY2013Q4 stwd Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1444000 USD
CY2014Q2 stwd Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
480000 USD
CY2014Q2 stwd Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
206000 USD
CY2013Q4 stwd Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
252000 USD
CY2013Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
368318000 USD
CY2014Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
370096000 USD
CY2013 us-gaap Held To Maturity Securities Unrecognized Holding Gains
HeldToMaturitySecuritiesUnrecognizedHoldingGains
135000 USD
CY2013Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
368453000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
121874000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
111481000 USD
CY2014Q2 us-gaap Equity Method Investments
EquityMethodInvestments
97827000 USD
CY2014Q2 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
-4235000 USD
CY2013Q4 us-gaap Cost Method Investments
CostMethodInvestments
11473000 USD
CY2014Q2 us-gaap Cost Method Investments
CostMethodInvestments
20794000 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
122954000 USD
CY2014Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
118621000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
156846000 USD
CY2014Q2 us-gaap Pledged Financial Instruments Not Separately Reported Mortgage Related Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedMortgageRelatedSecuritiesAvailableForSaleOrHeldForInvestment
6461251000 USD
CY2014Q2 us-gaap Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
3378812000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
2257560000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
2561267000 USD
CY2014Q2 stwd Loans Held For Sale Sold Par Value
LoansHeldForSaleSoldParValue
348000000 USD
stwd Loans Held For Sale Sold Par Value
LoansHeldForSaleSoldParValue
637400000 USD
CY2014Q2 stwd Loans Held For Sale Sold Fair Value
LoansHeldForSaleSoldFairValue
364300000 USD
stwd Loans Held For Sale Sold Fair Value
LoansHeldForSaleSoldFairValue
666800000 USD
CY2014Q2 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
261000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
478100000 USD
CY2013Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
162448000 shares
CY2013Q4 us-gaap Derivative Assets
DerivativeAssets
7769000 USD
CY2014Q2 us-gaap Derivative Assets
DerivativeAssets
4681000 USD
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
24192000 USD
CY2014Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
26294000 USD
stwd Credit Risk Related Contingent Features Default Threshold Debt As A Percentage Of Total Assets
CreditRiskRelatedContingentFeaturesDefaultThresholdDebtAsAPercentageOfTotalAssets
0.75 pure
CY2014Q2 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
19100000 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
1443355000 USD
CY2014Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
1837061000 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Subject To Master Netting Arrangement
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement
1443355000 USD
CY2014Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Subject To Master Netting Arrangement
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement
1837061000 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
-1419855000 USD
CY2014Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
-1811373000 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
7150000 USD
CY2014Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
18412000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
16350000 USD
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
7276000 USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
544145 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2580853 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2651739 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
615031 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.88
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
27.18
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
27.94
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
26.65
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162448000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
149037000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149037000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
50195000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
117868000 USD
CY2014Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1367000 USD
CY2014Q2 stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
116501000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
240020000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
3100000 USD
stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
236920000 USD
CY2014Q2 us-gaap Dilutive Securities
DilutiveSecurities
128000 USD
CY2014Q2 stwd Income Loss From Continuing Operations Undistributed Earnings Reallocated To Unvested Shares
IncomeLossFromContinuingOperationsUndistributedEarningsReallocatedToUnvestedShares
126000 USD
CY2014Q2 stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
116503000 USD
us-gaap Dilutive Securities
DilutiveSecurities
480000 USD
stwd Income Loss From Continuing Operations Undistributed Earnings Reallocated To Unvested Shares
IncomeLossFromContinuingOperationsUndistributedEarningsReallocatedToUnvestedShares
471000 USD
stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
236929000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
116503000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9931000 USD
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
570000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
235378000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.53
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.14
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1551000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.52
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.12
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2014Q2 stwd Sale Of Marketable Securities
SaleOfMarketableSecurities
66784000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
70544000 USD
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
80115000 USD
CY2014Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
218751000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
4056000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
85000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
222892000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
207203000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
3906000 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
85000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211194000 shares
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
74962000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
60285000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
6386000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-10307000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
11539000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-48000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5153000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-10259000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
75449000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
79675000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
10462000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-5580000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
10949000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
13810000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-487000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19390000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
106074000 USD
CY2013Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9481000 USD
CY2013Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
570000 USD
CY2013Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1534000 USD
CY2013Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11585000 USD
CY2013Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
63000 USD
CY2013Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-465000 USD
CY2013Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10000 USD
CY2013Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-392000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1861000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12362000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
63000 USD
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-465000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-392000 USD
CY2014Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5484000 USD
CY2014Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1782000 USD
CY2014Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
929000 USD
CY2014Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8195000 USD
CY2014Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2344000 USD
CY2014Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1192000 USD
CY2014Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-382000 USD
CY2014Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3918000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10624000 USD
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3231000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1799000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15654000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3048000 USD
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2198000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-511000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5757000 USD
CY2014Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 USD
CY2013Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-150000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
12000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25446000 USD
CY2013Q2 stwd Income Tax Reconciliation Real Estate Investment Trust And Other Non Taxable Income
IncomeTaxReconciliationRealEstateInvestmentTrustAndOtherNonTaxableIncome
15516000 USD
CY2013Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1592000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
557000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
228000 USD
CY2013Q2 stwd Income Tax Expense Benefit Including Tax Effect Of Discontinued Operation
IncomeTaxExpenseBenefitIncludingTaxEffectOfDiscontinuedOperation
11193000 USD
CY2013Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013Q2 stwd Effective Income Tax Rate Reconciliation Real Estate Investment Trust And Other Non Taxable Income
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustAndOtherNonTaxableIncome
0.213 pure
CY2013Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022 pure
CY2013Q2 stwd Effective Income Tax Rate Reconciliation Federal Income Taxes
EffectiveIncomeTaxRateReconciliationFederalIncomeTaxes
0.008 pure
CY2013Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003 pure
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.154 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
47917000 USD
stwd Income Tax Reconciliation Real Estate Investment Trust And Other Non Taxable Income
IncomeTaxReconciliationRealEstateInvestmentTrustAndOtherNonTaxableIncome
37308000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1592000 USD
us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
557000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
326000 USD
stwd Income Tax Expense Benefit Including Tax Effect Of Discontinued Operation
IncomeTaxExpenseBenefitIncludingTaxEffectOfDiscontinuedOperation
11970000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
stwd Effective Income Tax Rate Reconciliation Real Estate Investment Trust And Other Non Taxable Income
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustAndOtherNonTaxableIncome
0.273 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012 pure
stwd Effective Income Tax Rate Reconciliation Federal Income Taxes
EffectiveIncomeTaxRateReconciliationFederalIncomeTaxes
0.004 pure
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.087 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2014Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
43631000 USD
CY2014Q2 stwd Income Tax Reconciliation Real Estate Investment Trust And Other Non Taxable Income
IncomeTaxReconciliationRealEstateInvestmentTrustAndOtherNonTaxableIncome
38989000 USD
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.87
CY2014Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
753000 USD
CY2014Q2 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
263000 USD
CY2014Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1100000 USD
CY2014Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
245000 USD
CY2014Q2 stwd Income Tax Expense Benefit Including Tax Effect Of Discontinued Operation
IncomeTaxExpenseBenefitIncludingTaxEffectOfDiscontinuedOperation
4277000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
87906000 USD
stwd Income Tax Reconciliation Real Estate Investment Trust And Other Non Taxable Income
IncomeTaxReconciliationRealEstateInvestmentTrustAndOtherNonTaxableIncome
79372000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1203000 USD
us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
421000 USD
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
412000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
169000 USD
stwd Income Tax Expense Benefit Including Tax Effect Of Discontinued Operation
IncomeTaxExpenseBenefitIncludingTaxEffectOfDiscontinuedOperation
9897000 USD
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