Rithm Capital considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits.

Restricted cash primarily relates to the financing of servicer advances that has been pledged to the note holders for interest and fees payable, cash related to securitization facilities (Note 21) and financing of consumer loans as well as real estate securities.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Rithm Capital’s Consolidated Balance Sheets to the total of the such same amounts shown in the Consolidated Statements of Cash Flows:


	December 31,
	2023		2022
Cash and cash equivalents	$	1,287,199	$	1,336,508
Restricted cash	385,620		281,126
Total cash, cash equivalents and restricted cash	$	1,672,819	$	1,617,634

The following table summarizes restricted cash balances:


	December 31,
	2023		2022
Investment Portfolio	$	144,169	$	94,508
Origination and servicing	195,490		161,249
Mortgage loans receivable	37,805		25,369
Asset management	8,156		—
Total restricted cash	$	385,620	$	281,126