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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value $ 8,706,723 $ 8,405,938
Real estate and other securities (includes $15,289,314 and $9,757,664 at fair value, respectively) 15,314,199 9,782,217
Residential mortgage loans, held-for-investment, at fair value 365,398 379,044
Residential mortgage loans, held-for-sale (includes $3,691,700 and $2,461,865 at fair value, respectively) [1] 3,766,115 2,540,742
Consumer loans, held-for-investment, at fair value [1] 1,103,799 1,274,005
Single-family rental properties 1,007,172 1,001,928
Mortgage loans receivable, at fair value [1] 2,384,744 2,232,913
Residential mortgage loans subject to repurchase [2] 1,845,889 1,782,998
Cash and cash equivalents [1] 1,136,437 1,287,199
Restricted cash [1] 394,546 385,620
Servicer advances receivable 2,586,409 2,760,250
Other assets (includes $1,525,970 and $1,489,419 at fair value, respectively) [1] 3,509,497 3,478,931
Total assets 42,120,928 35,311,785
Liabilities    
Secured financing agreements [1] 18,271,046 12,561,283
Secured notes and bonds payable (includes $545,984 and $554,800 at fair value, respectively) [1] 10,045,375 10,679,186
Residential mortgage loan repurchase liability [2] 1,845,889 1,782,998
Unsecured notes, net of issuance costs 1,205,411 719,004
Payable for investments purchased 1,271,542 0
Dividends payable 135,695 135,897
Accrued expenses and other liabilities (includes $251,709 and $333,688 at fair value, respectively) [1] 2,102,598 2,332,379
Total liabilities 34,877,556 28,210,747
Commitments and Contingencies (Note 22)
Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 and 51,964,122 issued and outstanding, $1,299,104 and $1,299,104 aggregate liquidation preference, respectively 1,257,254 1,257,254
Common stock, $0.01 par value, $2,000,000,000 shares authorized, $483,477,713 and $483,226,239 issued and outstanding, respectively 4,836 4,833
Additional paid-in capital 6,075,080 6,074,322
Retained earnings (accumulated deficit) (232,119) (373,141)
Accumulated other comprehensive income 44,501 43,674
Total Rithm Capital stockholders’ equity 7,149,552 7,006,942
Noncontrolling interests in equity of consolidated subsidiaries [3] 93,820 94,096
Total equity 7,243,372 7,101,038
Liabilities and Equity $ 42,120,928 $ 35,311,785
[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 Corp.). As of March 31, 2024 and December 31, 2023, total assets of consolidated VIEs were $2.6 billion and $2.5 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $2.1 billion, respectively. See Note 20 for further details.
[2] See Note 5 for details.
[3] See Note 20 for details.