SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

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

2016	Quarter Ended										Year Ended December 31
	March 31			June 30			September 30		December 31(B)
Interest income	$	190,036		$	277,477		$	282,388	$	326,834	$	1,076,735
Interest expense	81,228			100,685			96,488		95,023		373,424
Net interest income	108,808			176,792			185,900		231,811		703,311
Impairment
Other-than-temporary impairment (OTTI) on securities	3,254			2,819			1,765		2,426		10,264
Valuation provision (reversal) on loans and real estate owned	6,745			16,825			18,275		35,871		77,716
	9,999			19,644			20,040		38,297		87,980
Net interest income after impairment	98,809			157,148			165,860		193,514		615,331
Servicing revenue, net	—			—			—		118,169		118,169
Other income(A)	31,922			(19,723		)	26,701		23,437		62,337
Operating Expenses	25,016			36,280			40,575		72,339		174,210
Income Before Income Taxes	105,715			101,145			151,986		262,781		621,627
Income tax expense (benefit)	(10,223		)	7,518			20,900		20,716		38,911
Net Income	$	115,938		$	93,627		$	131,086	$	242,065	$	582,716
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries	$	4,202		$	24,975		$	32,178	$	16,908	$	78,263
Net Income Attributable to Common Stockholders	$	111,736		$	68,652		$	98,908	$	225,157	$	504,453
Net Income Per Share of Common Stock
Basic	$	0.48		$	0.30		$	0.41	$	0.90	$	2.12
Diluted	$	0.48		$	0.30		$	0.41	$	0.90	$	2.12
Weighted Average Number of Shares of Common Stock Outstanding
Basic	230,471,202			230,478,390			240,601,691		250,773,117		238,122,665
Diluted	230,538,712			230,839,753			241,099,381		251,299,730		238,486,772
Dividends Declared per Share of Common Stock	$	0.46		$	0.46		$	0.46	$	0.46	$	1.84

2015	Quarter Ended											Year Ended December 31
	March 31			June 30		September 30			December 31
Interest income	$	84,373		$	178,177	$	182,341		$	200,181		$	645,072
Interest expense	33,979			81,871		77,558			80,605			274,013
Net interest income	50,394			96,306		104,783			119,576			371,059
Impairment
Other-than-temporary impairment (OTTI) on securities	1,071			649		1,574			2,494			5,788
Valuation provision (reversal) on loans and real estate owned	977			4,772		(3,341		)	16,188			18,596
	2,048			5,421		(1,767		)	18,682			24,384
Net interest income after impairment	48,346			90,885		106,550			100,894			346,675
Other income(A)	12,295			37,650		(17,825		)	9,909			42,029
Operating Expenses	22,270			34,952		32,902			27,699			117,823
Income Before Income Taxes	38,371			93,583		55,823			83,104			270,881
Income tax expense (benefit)	(3,427		)	14,306		(5,932		)	(15,948		)	(11,001		)
Net Income	$	41,798		$	79,277	$	61,755		$	99,052		$	281,882
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries	$	5,823		$	4,158	$	7,193		$	(3,928	)	$	13,246
Net Income Attributable to Common Stockholders	$	35,975		$	75,119	$	54,562		$	102,980		$	268,636
Net Income Per Share of Common Stock
Basic	$	0.25		$	0.37	$	0.24		$	0.45		$	1.34
Diluted	$	0.25		$	0.37	$	0.24		$	0.45		$	1.32
Weighted Average Number of Shares of Common Stock Outstanding
Basic	141,434,905			200,910,040		230,455,568			230,459,000			200,739,809
Diluted	144,911,309			205,169,099		231,215,235			230,698,961			202,907,605
Dividends Declared per Share of Common Stock	$	0.38		$	0.45	$	0.46		$	0.46		$	1.75

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

(B) New Residential completed significant transactions in the fourth quarter of 2016, as described in Notes 5, 8 and 9, as well as certain financings included in Note 11.