SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2013

Summary Of Quarterly Consolidated Financial Information

SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

19. SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

The following is an unaudited summary information on New Residential’s quarterly operations.

2013	Quarter Ended									Year Ended December 31
	March 31		June 30		September 30		December 31
Interest income	$	16,191	$	22,999	$	21,885	$	26,492		$	87,567
Interest expense		899		2,651		3,443		8,031			15,024
Net interest income		15,292		20,348		18,442		18,461			72,543
Impairment
Other-than-temporary impairment (“OTTI”) on Securities		—		3,756		—		1,237			4,993
Valuation allowance on loans		—		—		—		461			461
		—		3,756		—		1,698			5,454
Net interest income after impairment		15,292		16,592		18,442		16,763			67,089
Other income (A)		2,827		98,182		56,195		83,804			241,008
		2,827		98,182		56,195		83,804			241,008
Operating Expenses		5,044		5,552		11,492		20,386			42,474
		5,044		5,552		11,492		20,386			42,474
Income (Loss) Before Income Taxes		13,075		109,222		63,145		80,181			265,623
Income tax expense		—		—		—		—			—
Net Income (Loss)		13,075		109,222		63,145		80,181			265,623
Noncontrolling Interests in Income of Consolidated Subsidiaries		—		—		—		(326	)		(326	)
Net Income (Loss) Attributable to Common Stockholders	$	13,075	$	109,222	$	63,145	$	80,507		$	265,949
Net Income Per Share of Common Stock
Basic	$	0.05	$	0.43	$	0.25	$	0.32		$	1.05
Diluted	$	0.05	$	0.43	$	0.24	$	0.31		$	1.03
Weighted Average Number of Shares of Common Stock Outstanding
Basic		253,025,645		253,025,645		253,072,788		253,186,406			253,078,048
Diluted		253,025,645		256,659,488		259,889,285		259,796,493			257,368,255
Dividends Declared per Share of Common Stock	$	—	$	0.070	$	0.175	$	0.250		$	0.495

2012	Quarter Ended								Year Ended December 31
	March 31		June 30		September 30		December 31
Interest income	$	2,037	$	4,479	$	12,295	$	14,948	$	33,759
Interest expense		—		—		298		406		704
Net interest income		2,037		4,479		11,997		14,542		33,055
Impairment
Other-than-temporary impairment (“OTTI”) on Securities		—		—		—		—		—
Net interest income after impairment		2,037		4,479		11,997		14,542		33,055
Other income		1,216		3,523		1,774		10,910		17,423
		1,216		3,523		1,774		10,910		17,423
Operating Expenses		565		1,528		2,003		5,135		9,231
		565		1,528		2,003		5,135		9,231
Net Income (Loss)	$	2,688	$	6,474	$	11,768	$	20,317	$	41,247
Net Income Per Share of Common Stock
Basic	$	0.01	$	0.03	$	0.05	$	0.08	$	0.16
Diluted	$	0.01	$	0.03	$	0.05	$	0.08	$	0.16
Weighted average number of shares of common stock outstanding
Basic		253,025,645		253,025,645		253,025,645		253,025,645		253,025,645
Diluted		253,025,645		253,025,645		253,025,645		253,025,645		253,025,645
Dividends Declared per Share of Common Stock	$	—	$	—	$	—	$	—	$	—

(A) Earnings from investments in equity method investees is included in other income.