XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
[2]
Assets    
Cash and cash equivalents (includes pledged assets of $1,638,172 and $1,424,160, respectively) [1] $ 1,794,173 $ 1,576,714
Securities (includes pledged assets of $62,169,855 and $60,660,121, respectively) [3] 69,238,185 65,789,907
Loans, net (includes pledged assets of $1,573,233 and $1,653,464, respectively) [4] 1,642,822 1,809,832
Mortgage servicing rights (includes pledged assets of $946,464 and $684,703, respectively) 1,790,980 1,748,209
Assets transferred or pledged to securitization vehicles 10,277,588 9,121,912
Derivative assets 400,139 342,064
Receivable for unsettled trades 679,096 575,091
Principal and interest receivable 773,722 637,301
Goodwill and intangible assets, net 15,921 16,679
Other assets 219,391 233,003
Total assets 86,832,017 81,850,712
Liabilities    
Repurchase agreements 60,993,018 59,512,597
Other secured financing 250,000 250,000
Debt issued by securitization vehicles 8,805,911 7,744,160
Participations issued 673,431 800,849
Derivative liabilities 473,515 204,172
Payable for unsettled trades 3,259,034 1,157,846
Interest payable 118,395 325,280
Dividends payable 321,023 412,113
Other liabilities 28,657 74,269
Total liabilities 74,922,984 70,481,286
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 63,500,000 authorized, issued and outstanding 1,536,569 1,536,569
Common stock, par value $0.01 per share, 2,936,500,000 authorized, 493,880,938 and 468,309,810 issued and outstanding, respectively 4,939 4,683
Additional paid-in capital 23,543,091 22,981,320
Accumulated other comprehensive income (loss) (2,550,614) (3,708,896)
Accumulated deficit (10,741,863) (9,543,233)
Total stockholders’ equity 11,792,122 11,270,443
Noncontrolling interests 116,911 98,983
Total equity 11,909,033 11,369,426
Total liabilities and equity $ 86,832,017 $ 81,850,712
[1] (2)Includes cash of consolidated Variable Interest Entities (“VIEs”) of $2.5 million and $2.2 million at March 31, 2023 and December 31, 2022, respectively.
[2] (1)Derived from the audited consolidated financial statements at December 31, 2022.
[3] (3)Excludes $1.2 billion and $1.0 billion at March 31, 2023 and December 31, 2022, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition. 
[4] (4)Includes $1.2 million and $1.3 million of residential mortgage loans held for sale at March 31, 2023 and December 31, 2022, respectively.