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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents (includes pledged assets of $1,424,160 and $1,222,505, respectively) [1] $ 1,576,714 $ 1,342,090
Securities (includes pledged assets of $60,660,121 and $56,675,447, respectively) [2] 65,789,907 63,655,674
Loans, net (includes pledged assets of $1,653,464 and $2,462,776, respectively) [3] 1,809,832 4,242,043
Mortgage servicing rights (includes pledged assets of $684,703 and $—, respectively) 1,748,209 544,562
Interests in MSR 0 69,316
Assets transferred or pledged to securitization vehicles 9,121,912 6,086,308
Assets of disposal group held for sale 0 194,138
Derivative assets 342,064 170,370
Receivable for unsettled trades 575,091 2,656
Principal and interest receivable 637,301 234,983
Goodwill and intangible assets, net 16,679 24,241
Other assets 233,003 197,683
Total assets 81,850,712 76,764,064
Liabilities    
Repurchase agreements 59,512,597 54,769,643
Other secured financing 250,000 903,255
Debt issued by securitization vehicles 7,744,160 5,155,633
Participations issued 800,849 1,049,066
Liabilities of disposal group held for sale 0 154,956
Derivative liabilities 204,172 881,537
Payable for unsettled trades 1,157,846 147,908
Interest payable 325,280 91,176
Dividends payable 412,113 321,142
Other liabilities 74,269 94,423
Total liabilities 70,481,286 63,568,739
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 63,500,000 authorized, issued and outstanding, respectively 1,536,569 1,536,569
Common stock, par value $0.01 per share, 2,936,500,000 and 2,936,500,000 authorized, respectively, 468,309,810 and 364,934,065 issued and outstanding, respectively 4,683 3,649
Additional paid-in capital 22,981,320 20,324,780
Accumulated other comprehensive income (loss) (3,708,896) 958,410
Total stockholders’ equity 11,270,443 13,169,826
Noncontrolling interests 98,983 25,499
Total equity 11,369,426 13,195,325
Accumulated deficit (9,543,233) (9,653,582)
Total liabilities and equity $ 81,850,712 $ 76,764,064
[1] (1) Includes cash of consolidated Variable Interest Entities (“VIEs”) of $2.2 million and $16.2 million at December 31, 2022 and 2021, respectively.
[2] (2) Excludes $0.0 million and $44.2 million at December 31, 2022 and 2021, respectively, of agency mortgage-backed securities, $1.0 billion and $350.4 million at December 31, 2022 and 2021, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[3] (3) Includes $1.3 million and $2.3 million of residential mortgage loans held for sale at December 31, 2022 and 2021, respectively.