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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents (includes pledged assets of $1,222,505 and $1,137,809, respectively) [1] $ 1,342,090 $ 1,243,703
Securities (includes pledged assets of $56,675,447 and $67,471,074, respectively) [2] 63,655,674 75,652,396
Loans, net (includes pledged assets of $2,462,776 and $2,231,035, respectively) [3] 4,242,043 3,083,821
Mortgage servicing rights (includes pledged assets of $— and $5,541, respectively) 544,562 100,895
Interests in MSR 69,316 0
Assets transferred or pledged to securitization vehicles 6,086,308 6,910,020
Real estate, net 0 656,314
Assets of disposal group held for sale 194,138 0
Derivative assets 170,370 171,134
Receivable for unsettled trades 2,656 15,912
Principal and interest receivable 234,983 268,073
Goodwill and intangible assets, net 24,241 127,341
Other assets 197,683 225,494
Total assets 76,764,064 88,455,103
Liabilities    
Repurchase agreements 54,769,643 64,825,239
Other secured financing 903,255 917,876
Debt issued by securitization vehicles 5,155,633 5,652,982
Participations issued 1,049,066 39,198
Mortgages payable 0 426,256
Liabilities of disposal group held for sale 154,956 0
Derivative liabilities 881,537 1,033,345
Payable for unsettled trades 147,908 884,069
Interest payable 91,176 191,116
Dividends payable 321,142 307,613
Other liabilities 94,423 155,613
Total liabilities 63,568,739 74,433,307
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 63,500,000 and 85,150,000 authorized, respectively, 63,500,000 issued and outstanding 1,536,569 1,536,569
Common stock, par value $0.01 per share, 2,936,500,000 and 2,914,850,000 authorized, respectively, 1,459,736,258 and 1,398,240,618 issued and outstanding, respectively 14,597 13,982
Additional paid-in capital 20,313,832 19,750,818
Accumulated other comprehensive income (loss) 958,410 3,374,335
Accumulated deficit (9,653,582) (10,667,388)
Total stockholders’ equity 13,169,826 14,008,316
Noncontrolling interests 25,499 13,480
Total equity 13,195,325 14,021,796
Total liabilities and equity $ 76,764,064 $ 88,455,103
[1] (1) Includes cash of consolidated Variable Interest Entities (“VIEs”) of $16.2 million and $22.2 million at December 31, 2021 and 2020, respectively.
[2] (2) Excludes $44.2 million and $81.5 million at December 31, 2021 and 2020, respectively, of agency mortgage-backed securities, $350.4 million and $576.6 million at December 31, 2021 and 2020, respectively, of non-Agency mortgage-backed securities and $0.0 million and $391.0 million at December 31, 2021 and 2020, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[3] (3) Includes $2.3 million and $47.0 million of residential mortgage loans held for sale at December 31, 2021 and 2020, respectively.