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Consolidated Statement of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect of Adoption of ASU 2016-13
Series A Preferred Stock
Series C Preferred Stock
Series B Preferred Stock
Class A Common Stock
Common Stock
Additional Paid-in-Capital
Accumulated Deficit
Accumulated Deficit
Cumulative Effect of Adoption of ASU 2016-13
Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2019 $ 1,503,954 $ (19,645)       $ 1 $ 75 $ 1,530,935 $ (28,108) $ (19,645) $ 1,051
Balance, Shares at Dec. 31, 2019     125     1,136,665 74,886,113        
Accounting Standards Update Extensible List   ASU 2016-13                  
Issuance of Common Stock 12,895           $ 1 12,894      
Issuance of Common Stock, Shares             628,218        
Conversions of Class A Common Stock to Common Stock           $ (1) $ 1        
Conversions of Class A Common Stock to Common Stock, Shares           (1,136,665) 1,136,665        
Equity Issuance, Shelf Registration, and Equity Distribution Agreement Transaction Costs (206)             (206)      
Amortization of Share-Based Compensation 1,401             1,401      
Net Income (Loss) (232,790)               (232,790)    
Other Comprehensive Loss (974)                   (974)
Dividends on Preferred Stock (3)               (3)    
Dividends on Common Stock (Dividends Declared per Share) (33,219)               (33,219)    
Balance at Mar. 31, 2020 1,231,413           $ 77 1,545,024 (313,765)   77
Balance, Shares at Mar. 31, 2020     125       76,650,996        
Balance at Dec. 31, 2019 1,503,954 $ (19,645)       $ 1 $ 75 1,530,935 (28,108) $ (19,645) 1,051
Balance, Shares at Dec. 31, 2019     125     1,136,665 74,886,113        
Net Income (Loss) (189,862)                    
Balance at Jun. 30, 2020 1,271,221           $ 77 1,559,684 (288,540)    
Balance, Shares at Jun. 30, 2020     125       76,792,432        
Temporary Equity, Balance at Jun. 30, 2020         $ 196,832            
Balance at Mar. 31, 2020 1,231,413           $ 77 1,545,024 (313,765)   77
Balance, Shares at Mar. 31, 2020     125       76,650,996        
Temporary Equity, Issuance of Series B Preferred Stock         225,000            
Series B Preferred Stock Allocated Warrant Fair Value to Purchase Common Stock 14,402             14,402      
Temporary Equity, Series B Preferred Stock Allocated Warrant Fair Value to Purchase Common Stock         (14,402)            
Issuance of Common Stock, Shares             160,278        
Retirement of Common Stock, Shares             (18,842)        
Equity Issuance, Shelf Registration, and Equity Distribution Agreement Transaction Costs (985)             (985)      
Temporary Equity, Equity Issuance, Shelf Registration, and Equity Distribution Agreement Transaction Costs         (14,209)            
Amortization of Share-Based Compensation 1,686             1,686      
Net Income (Loss) 42,928               42,928    
Other Comprehensive Loss (77)                   $ (77)
Dividends on Preferred Stock (2,255)               (2,255)    
Series B Preferred Stock Accretion and Write-off of Discount, including Allocated Warrant Fair Value and Transaction Costs (443)             (443)      
Temporary Equity, Series B Preferred Stock Accretion and Write-off of Discount, including Allocated Warrant Fair Value and Transaction Costs         443            
Dividends on Common Stock (Dividends Declared per Share) (15,448)               (15,448)    
Balance at Jun. 30, 2020 1,271,221           $ 77 1,559,684 (288,540)    
Balance, Shares at Jun. 30, 2020     125       76,792,432        
Temporary Equity, Balance at Jun. 30, 2020         196,832            
Balance at Dec. 31, 2020 1,266,900 [1]           $ 77 1,559,681 (292,858)    
Balance, Shares at Dec. 31, 2020     125       76,787,006        
Temporary Equity, Balance at Dec. 31, 2020         199,551            
Issuance of Common Stock, Shares             110,096        
Amortization of Share-Based Compensation 1,456             1,456      
Net Income (Loss) 31,955               31,955    
Dividends on Preferred Stock (6,124)               (6,124)    
Series B Preferred Stock Accretion and Write-off of Discount, including Allocated Warrant Fair Value and Transaction Costs (1,452)             (1,452)      
Temporary Equity, Series B Preferred Stock Accretion and Write-off of Discount, including Allocated Warrant Fair Value and Transaction Costs         1,452            
Dividends on Common Stock (Dividends Declared per Share) (15,507)               (15,507)    
Balance at Mar. 31, 2021 1,277,228           $ 77 1,559,685 (282,534)    
Balance, Shares at Mar. 31, 2021     125       76,897,102        
Temporary Equity, Balance at Mar. 31, 2021         201,003            
Balance at Dec. 31, 2020 1,266,900 [1]           $ 77 1,559,681 (292,858)    
Balance, Shares at Dec. 31, 2020     125       76,787,006        
Temporary Equity, Balance at Dec. 31, 2020         199,551            
Net Income (Loss) 64,347                    
Balance at Jun. 30, 2021 1,437,191 [1]     $ 8     $ 77 1,708,972 (271,866)    
Balance, Shares at Jun. 30, 2021     125 8,050,000     77,089,125        
Balance at Mar. 31, 2021 1,277,228           $ 77 1,559,685 (282,534)    
Balance, Shares at Mar. 31, 2021     125       76,897,102        
Temporary Equity, Balance at Mar. 31, 2021         201,003            
Issuance of Common Stock, Shares             192,023        
Issuance of Series C Preferred Stock 201,250     $ 8       201,242      
Issuance of Series C Preferred Stock, Shares       8,050,000              
Equity Issuance, Shelf Registration, and Equity Distribution Agreement Transaction Costs (6,866)             (6,866)      
Amortization of Share-Based Compensation 1,393             1,393      
Net Income (Loss) 32,391               32,391    
Dividends on Preferred Stock (6,214)               (6,214)    
Series B Preferred Stock Redemption at Par Value         (225,000)            
Series B Preferred Stock Redemption Make-Whole Payment (22,485)             (22,485)      
Series B Preferred Stock Accretion and Write-off of Discount, including Allocated Warrant Fair Value and Transaction Costs (23,997)             (23,997)      
Temporary Equity, Series B Preferred Stock Accretion and Write-off of Discount, including Allocated Warrant Fair Value and Transaction Costs         $ 23,997            
Dividends on Common Stock (Dividends Declared per Share) (15,509)               (15,509)    
Balance at Jun. 30, 2021 $ 1,437,191 [1]     $ 8     $ 77 $ 1,708,972 $ (271,866)    
Balance, Shares at Jun. 30, 2021     125 8,050,000     77,089,125        
[1] The Company’s consolidated Total Assets and Total Liabilities as of June 30, 2021 include assets and liabilities of variable interest entities (“VIEs”) of $3.4 billion and $2.8 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2020 include assets and liabilities of VIEs of $2.3 billion and $1.8 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 6 to the Consolidated Financial Statements for details