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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Interest income from loans $ 94,045 $ 56,261 $ 236,671 $ 179,078
Interest income from investment securities 17,804 16,585 52,621 40,404
Servicing fees 36,509   75,644  
Other revenues 2,098 66 4,077 180
Rental income 5,080 59 8,733 59
Total revenues 155,536 72,971 377,746 219,721
Costs and expenses:        
Management fees 24,235 14,659 58,675 42,673
Interest expense 36,743 12,030 77,678 34,345
General and administrative 48,335 3,084 97,769 8,838
Business combination costs 342   17,958  
Acquisition and investment pursuit costs 1,177 622 4,495 2,737
Residential properties and non-performing loans - other operating costs 6,023 327 10,622 327
Depreciation and amortization 4,988 78 8,644 78
Loan loss allowance 1,160   1,915  
Other expense 304   533  
Total costs and expenses 123,307 30,800 278,289 88,998
Income before other income, income taxes and non-controlling interests 32,229 42,171 99,457 130,723
Other income:        
Income of consolidated VIEs, net 47,963   79,912  
Change in fair value of servicing rights (1,867)   1,031  
Change in fair value of investment securities, net (2,278)   (3,265)  
Change in fair value of mortgage loans held-for-sale, net 25,857   26,315 (5,760)
Earnings from unconsolidated entities 4,577 787 10,915 2,739
Gain on sale of investments, net 8,059 9,017 22,968 19,147
Loss on derivative financial instruments, net (22,451) (7,561) (65) (9,784)
Foreign currency gain, net 9,580 6,725 3,495 11,222
Total Other-than-temporary impairment ("OTTI") (86) (737) (1,460) (5,582)
Noncredit portion of OTTI recognized in other comprehensive income (loss) 34 61 1,007 2,854
Net impairment losses recognized in earnings (52) (676) (453) (2,728)
Other income 3,705 180 3,744 530
Total other income 73,093 8,472 144,597 15,366
Income before income taxes and non-controlling interests 105,322 50,643 244,054 146,089
Income tax provision 13,721 301 25,691 840
Net income 91,601 50,342 218,363 145,249
Net income attributable to non-controlling interests 1,886 130 4,124 388
Net income attributable to Starwood Property Trust, Inc. $ 89,715 $ 50,212 $ 214,239 $ 144,861
Net income per share of common stock:        
Basic (in dollars per share) $ 0.52 $ 0.43 $ 1.36 $ 1.34
Diluted (in dollars per share) $ 0.52 $ 0.43 $ 1.36 $ 1.34
Distributions declared per common share (in dollars per share) $ 0.46 $ 0.44 $ 1.36 $ 1.32