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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Real estate securities, at fair value [1] $ 377,411 $ 344,125
Other investments [1] 641,969 348,175
Cash and cash equivalents [1] 450,485 461,260
Restricted cash [1] 80,999 83,190
Intangible assets [1] 41,561 56,865
Derivative assets [1] 26,467 53,238
Other assets [1] 231,117 130,588
Total Assets [1] 14,706,944 10,355,066
Liabilities    
Short-term debt [1] 2,177,362 522,609
Derivative liabilities [1] 3,317 16,072
Accrued expenses and other liabilities [1] 245,788 179,340
Asset-backed securities issued (includes $8,843,147 and $6,900,362 at fair value), net [1] 9,253,557 7,100,661
Long-term debt, net [1] 1,640,833 1,425,485
Total liabilities [1] 13,320,857 9,244,167
Commitments and Contingencies (see Note 16) [1]
Equity    
Common stock, par value $0.01 per share, 395,000,000 shares authorized; 114,892,309 and 112,090,006 issued and outstanding [1] 1,149 1,121
Additional paid-in capital [1] 2,316,799 2,264,874
Accumulated other comprehensive (loss) income [1] (8,927) (4,221)
Cumulative earnings [1] 1,316,890 997,277
Cumulative distributions to stockholders [1] (2,239,824) (2,148,152)
Total equity [1] 1,386,087 1,110,899
Total Liabilities and Equity [1] 14,706,944 10,355,066
Residential loans, held-for-sale, at fair value    
ASSETS    
Loans, at fair value [1] 1,845,282 176,641
Residential loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] 5,747,150 4,072,410
Business purpose loans, held-for-sale, at fair value    
ASSETS    
Loans, at fair value [1] 358,309 245,394
Business purpose loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] 4,432,680 3,890,959
Multifamily loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] $ 473,514 $ 492,221
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At December 31, 2021 and 2020, assets of consolidated VIEs totaled $10,661,081 and $8,141,069, respectively. At December 31, 2021 and 2020, liabilities of consolidated VIEs totaled $9,619,347 and $7,148,414, respectively. See Note 4 for further discussion.