SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

The following is an unaudited summary information on New Residential’s quarterly operations.

2017	Quarter Ended									Year Ended December 31
	March 31			June 30		September 30		December 31
Interest income	$	292,538		$	471,952	$	397,722	$	357,467	$	1,519,679
Interest expense	98,229			115,157		125,278		122,201		460,865
Net interest income	194,309			356,795		272,444		235,266		1,058,814
Impairment
Other-than-temporary impairment (OTTI) on securities	2,112			5,115		1,509		1,598		10,334
Valuation and loss provision (reversal) on loans and real estate owned	17,910			20,771		26,700		10,377		75,758
	20,022			25,886		28,209		11,975		86,092
Net interest income after impairment	174,287			330,909		244,235		223,291		972,722
Servicing revenue, net	40,602			170,851		58,014		154,882		424,349
Other income(A)	(3,694		)	57,847		87,145		66,488		207,786
Operating Expenses	68,441			139,360		117,060		97,716		422,577
Income Before Income Taxes	142,754			420,247		272,334		346,945		1,182,280
Income tax expense (benefit)	5,596			82,844		32,613		46,575		167,628
Net Income	$	137,158		$	337,403	$	239,721	$	300,370	$	1,014,652
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries	$	15,780		$	15,671	$	13,600	$	12,068	$	57,119
Net Income Attributable to Common Stockholders	$	121,378		$	321,732	$	226,121	$	288,302	$	957,533
Net Income Per Share of Common Stock
Basic	$	0.42		$	1.05	$	0.74	$	0.94	$	3.17
Diluted	$	0.42		$	1.04	$	0.73	$	0.93	$	3.15
Weighted Average Number of Shares of Common Stock Outstanding
Basic	286,600,324			307,344,874		307,361,309		307,361,309		302,238,065
Diluted	288,241,188			309,392,512		309,207,345		310,388,102		304,381,388
Dividends Declared per Share of Common Stock	$	0.48		$	0.50	$	0.50	$	0.50	$	1.98

2016	Quarter Ended										Year Ended December 31
	March 31			June 30			September 30		December 31(B)
Interest income	$	190,036		$	277,477		$	282,388	$	326,834	$	1,076,735
Interest expense	81,228			100,685			96,488		95,023		373,424
Net interest income	108,808			176,792			185,900		231,811		703,311
Impairment
Other-than-temporary impairment (OTTI) on securities	3,254			2,819			1,765		2,426		10,264
Valuation and loss provision (reversal) on loans and real estate owned	6,745			16,825			18,275		35,871		77,716
	9,999			19,644			20,040		38,297		87,980
Net interest income after impairment	98,809			157,148			165,860		193,514		615,331
Servicing revenue, net	—			—			—		118,169		118,169
Other income(A)	31,922			(19,723		)	26,701		23,437		62,337
Operating Expenses	25,016			36,280			40,575		72,339		174,210
Income Before Income Taxes	105,715			101,145			151,986		262,781		621,627
Income tax expense (benefit)	(10,223		)	7,518			20,900		20,716		38,911
Net Income	$	115,938		$	93,627		$	131,086	$	242,065	$	582,716
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries	$	4,202		$	24,975		$	32,178	$	16,908	$	78,263
Net Income Attributable to Common Stockholders	$	111,736		$	68,652		$	98,908	$	225,157	$	504,453
Net Income Per Share of Common Stock
Basic	$	0.48		$	0.30		$	0.41	$	0.90	$	2.12
Diluted	$	0.48		$	0.30		$	0.41	$	0.90	$	2.12
Weighted Average Number of Shares of Common Stock Outstanding
Basic	230,471,202			230,478,390			240,601,691		250,773,117		238,122,665
Diluted	230,538,712			230,839,753			241,099,381		251,299,730		238,486,772
Dividends Declared per Share of Common Stock	$	0.46		$	0.46		$	0.46	$	0.46	$	1.84

(A) Earnings from investments in equity method investees is included in other income.

(B) New Residential completed significant transactions in the fourth quarter of 2016, as described in Notes 5, 8 and 9, as well as certain financings included in Note 11.