Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Real estate securities, available-for-sale $ 311,268 $ 984,263
Real estate related and other loans, held-for-sale, net 289,112 437,530
Residential mortgage loans, held-for-investment, net   255,450
Residential mortgage loans, held-for-sale, net 32,083 2,185
Subprime mortgage loans subject to call option 406,217 406,217
Investments in senior housing real estate, net of accumulated depreciation 1,547,409 1,362,900
Investments in other real estate, net of accumulated depreciation 263,500 265,495
Intangibles, net of accumulated amortization 197,129 199,725
Other investments 26,123 25,468
Cash and cash equivalents 77,922 74,133
Restricted cash 3,703 5,889
Receivables and other assets 109,538 141,887
Assets of discontinued operations   690,746
Total Assets 3,264,004 4,851,888
Liabilities    
CDO bonds payable 263,581 544,525
Other bonds and notes payable 82,053 230,279
Repurchase agreements 102,677 556,347
Mortgage notes payable 1,104,182 1,076,828
Credit facilities and obligations under capital leases, golf 156,578 152,498
Financing of subprime mortgage loans subject to call option 406,217 406,217
Junior subordinated notes payable 51,234 51,237
Dividends Payable 36,101 36,075
Accounts payable, accrued expenses and other liabilities 269,778 276,491
Liabilities of discontinued operations   295,267
Total Liabilities 2,472,401 3,625,764
Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of June 30, 2014 and December 31, 2013 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 351,709,903 and 351,453,495 shares issued and outstanding, at June 30, 2014 and December 31, 2013, respectively 3,518 3,515
Additional paid-in capital 2,971,223 2,970,786
Accumulated deficit (2,313,799) (1,947,913)
Accumulated other comprehensive income 68,880 76,874
Total Newcastle Stockholders' Equity 791,405 1,164,845
Noncontrolling interests 198 61,279
Total Equity 791,603 1,226,124
Total Liabilities and Equity 3,264,004 4,851,888
Non Recourse VIE Financing Structures [Member]
    
Assets    
Real estate securities, available-for-sale 301,357 426,695
Real estate related and other loans, held-for-sale, net 289,112 437,530
Residential mortgage loans, held-for-sale, net 3,279 223,628
Subprime mortgage loans subject to call option 406,217 406,217
Investments in other real estate, net of accumulated depreciation 6,515 6,597
Other investments 19,805 19,308
Restricted cash 1,151 2,377
Receivables and other assets 3,188 3,727
Total Assets 1,030,624 1,526,079
Liabilities    
CDO bonds payable 263,581 544,525
Other bonds and notes payable 82,053 230,279
Financing of subprime mortgage loans subject to call option 406,217 406,217
Derivative liabilities 7,345 13,795
Accounts payable, accrued expenses and other liabilities 765 6,766
Total Liabilities $ 759,961 $ 1,201,582