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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Real estate securities, at fair value [1] $ 284,278 $ 377,411
Other investments [1] 679,667 641,969
Cash and cash equivalents [1] 371,296 450,485
Restricted cash [1] 72,558 80,999
Intangible assets [1] 34,720 41,561
Derivative assets [1] 36,587 26,467
Other assets [1] 171,780 231,117
Total Assets [1] 13,875,536 14,706,944
Liabilities    
Short-term debt, net [1] 1,869,822 2,177,362
Derivative liabilities [1] 6,591 3,317
Accrued expenses and other liabilities [1] 190,825 245,788
Asset-backed securities issued (includes $7,993,953 and $8,843,147 at fair value), net [1] 8,584,146 9,253,557
Long-term debt, net [1] 1,966,061 1,640,833
Total liabilities [1] 12,617,445 13,320,857
Commitments and Contingencies (see Note 16) [1]
Equity    
Common stock, par value $0.01 per share, 395,000,000 shares authorized; 116,753,174 and 114,892,309 issued and outstanding [1] 1,168 1,149
Additional paid-in capital [1] 2,363,709 2,316,799
Accumulated other comprehensive loss [1] (57,788) (8,927)
Cumulative earnings [1] 1,247,839 1,316,890
Cumulative distributions to stockholders [1] (2,296,837) (2,239,824)
Total equity [1] 1,258,091 1,386,087
Total Liabilities and Equity [1] 13,875,536 14,706,944
Residential loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 1,213,067 1,845,282
Residential loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 5,365,532 5,747,150
Business purpose loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 505,171 358,309
Business purpose loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 4,697,766 4,432,680
Consolidated Agency multifamily loans, at fair value    
ASSETS    
Fair value of loans [1] $ 443,114 $ 473,514
[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 June 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,951,520 and $10,661,081, respectively. At June 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,899,020 and $9,619,347, respectively. See Note 4 for further discussion.