XML 18 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value $ 10,321,671 $ 8,405,938
Government and government-backed securities (includes $9,711,346 and $8,533,130 at fair value, respectively) 9,736,116 8,557,683
Residential mortgage loans, held-for-investment, at fair value 361,890 379,044
Residential mortgage loans, held-for-sale (includes [$0] and $2,461,865 at fair value, respectively) [1] 4,374,241 2,540,742
Consumer loans held-for-investment, at fair value [1] 665,565 1,274,005
Single-family rental properties 1,028,295 1,001,928
Residential transition loans, at fair value 2,178,075 1,879,319
Residential mortgage loans subject to repurchase 2,745,756 1,782,998
Cash and cash equivalents 1,458,743 1,287,199
Restricted cash 459,066 409,896
Servicer advances receivable 3,198,921 2,760,250
Reverse repurchase agreements 0 1,769,601
Other assets (includes [$0] and $2,005,782 at fair value, respectively) [1] 4,563,415 3,948,852
Assets of consolidated CFEs    
Investments, at fair value and other assets 5,107,826 3,751,477
Total Assets 46,048,957 39,717,084
Liabilities    
Secured financing agreements [1] 16,782,467 12,561,283
Secured notes and bonds payable (includes [$0] and $235,770 at fair value, respectively) [1] 10,298,075 10,360,188
Residential mortgage loan repurchase liability 2,745,756 1,782,998
Unsecured notes, net of issuance costs 1,204,220 719,004
Treasury securities payable 0 1,827,281
Dividends payable 153,114 135,897
Accrued expenses and other liabilities (includes $51,765 and $18,064 at fair value, respectively) [1] 2,630,771 2,065,761
Liabilities of consolidated CFEs    
Notes payable, at fair value and other liabilities 4,348,244 3,163,634
Total Liabilities 38,162,647 32,616,046
Commitments and Contingencies (Note 26)
Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 issued and outstanding, $1,299,104 aggregate liquidation preference 1,257,254 1,257,254
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 520,656,256 and 483,226,239 issued and outstanding, respectively 5,206 4,833
Additional paid-in capital 6,528,613 6,074,322
Accumulated deficit (46,985) (373,141)
Accumulated other comprehensive income 50,886 43,674
Total Rithm Capital stockholders’ equity 7,794,974 7,006,942
Noncontrolling interests in equity of consolidated subsidiaries 91,336 94,096
Total Equity 7,886,310 7,101,038
Liabilities and Equity 46,048,957 39,717,084
Consolidated Entity, Excluding Consolidated VIE    
Assets    
Cash and cash equivalents [1] 1,458,743 1,287,199
Restricted cash [1] $ 308,443 $ 378,048
[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs classified as collateralized financing entities (“CFEs”) that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp. As of December 31, 2024 and 2023, total assets of such consolidated VIEs were $6.3 billion and $5.6 billion, respectively, and total liabilities of such consolidated VIEs were $5.2 billion and $4.7 billion, respectively. See Note 20 for further details.