XML 117 R107.htm IDEA: XBRL DOCUMENT v3.23.3
OTHER ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Other Assets    
Margin receivable, net $ 569,081 $ 20,614
Excess MSRs, at fair value (Note 4) 282,976 321,803
Servicer advance investments, at fair value (Note 6) 387,669 398,820
Servicing fee receivables 125,381 128,438
Principal and interest receivable 164,558 106,608
Carrying value of Rithm’s investments in unconsolidated commercial real estate VIEs 67,819 71,388
Other receivables 159,142 146,131
REO 17,824 19,379
Goodwill 85,199 85,199
Notes receivable, at fair value 33,250 0
Warrants, at fair value 18,854 19,346
Property and equipment 26,840 37,883
Intangible assets (Note 15) 123,245 141,413
Prepaid expenses 35,398 60,817
Operating lease right-of-use assets (Note 16) 77,522 77,329
Derivative assets (Note 17) 63,532 52,229
Loans receivable, at fair value 30,109 94,401
Other assets 151,469 132,809
Other assets [1] 2,419,868 1,914,607
Accrued Expenses and Other Liabilities    
Margin payable 31,392 4,852
Interest payable 215,276 87,700
Accounts payable 177,969 155,492
Derivative liabilities (Note 17) 9,639 18,064
Accrued compensation and benefits 110,834 112,762
Operating lease liabilities (Note 16) 101,478 101,225
Deferred tax liability 798,179 711,855
Other liabilities 337,548 294,717
Accrued expenses and other liabilities [1] $ 1,782,315 $ 1,486,667
[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of September 30, 2023 and December 31, 2022, total assets of consolidated VIEs were $2.2 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $1.8 billion and $1.8 billion, respectively. See Note 20 for further details.