Annual report pursuant to Section 13 and 15(d)

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (Tables)

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SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2012
Summary Quarterly Consolidated Financial Information Tables  
Schedule of Summary Consolidated Financial Information (unaudited)
The following is unaudited summary information on Newcastle’s quarterly operations.
 
       
2012
 
Quarter Ended
   
Year Ended
 
   
March 31 (A)
   
June 30 (A)
   
September 30 (A)
   
December 31
   
December 31
 
Interest income
  $ 74,899     $ 82,438     $ 82,850     $ 70,272     $ 310,459  
Interest expense
    30,165       29,462       28,411       21,886       109,924  
Net interest income (expense)
    44,734       52,976       54,439       48,386       200,535  
Impairment, net of the reversal of prior valuation allowances on loans
    (7,080 )     8,499       5,014       (12,097 )     (5,664 )
Other revenues
    509       515       8,071       10,980       20,075  
Other income (loss) (B)
    29,752       (1,359 )     235,782       15,542       279,717  
Property operating expenses
    225       232       5,043       7,443       12,943  
Depreciation and amortization
    2       2       2,385       4,586       6,975  
Other operating expenses
    8,360       12,946       12,612       17,977       51,895  
Income (loss) from continuing operations
    73,488       30,453       273,238       56,999       434,178  
Income (loss) from discontinued operations
    (17 )     (14 )     (17 )     (20 )     (68 )
Preferred dividends
    (1,395 )     (1,395 )     (1,395 )     (1,395 )     (5,580 )
Income (loss) applicable to common stockholders
  $ 72,076     $ 29,044     $ 271,826     $ 55,584     $ 428,530  
Net income (loss) per share of common stock
                                       
Basic
  $ 0.68     $ 0.21     $ 1.65     $ 0.32     $ 2.97  
Diluted
  $ 0.68     $ 0.21     $ 1.63     $ 0.32     $ 2.94  
Income (loss) from discontinued operations per share of common stock
                                       
Basic
  $ -     $ -     $ -     $ -     $ -  
Diluted
  $ -     $ -     $ -     $ -     $ -  
Weighted average number of shares of common stock outstanding
                                       
Basic
    105,181       134,115       164,238       172,519       144,146  
Diluted
    105,670       135,173       166,429       175,413       145,766  
 
2011
 
Quarter Ended
   
Year Ended
 
   
March 31 (A)
   
June 30 (C)
   
September 30 (A)
   
December 31
   
December 31
 
           (Restated)                   (Restated)(C)  
Interest income
  $ 72,203     $ 74,143     $ 72,393     $ 73,557     $ 292,296  
Interest expense
    38,165       35,750       32,587       31,533       138,035  
Net interest income (expense)
    34,038       38,393       39,806       42,024       154,261  
Impairment, net of the reversal of prior valuation allowances on loans
    (36,773 )     (9,067 )     21,650       25,300       1,110  
Other revenues
    477       465       469       488       1,899  
Other income (loss) (B)
    45,469       103,961       18,802       12,630       180,862  
Property operating expenses
    249       233       322       306       1,110  
Depreciation and amortization
    4       4       3       1       12  
Other operating expenses
    6,851       7,407       7,181       8,821       30,260  
Income (loss) from continuing operations
    109,653       144,242       29,921       20,714       304,530  
Income (loss) from discontinued operations
    20       (35 )     22       (18 )     (11 )
Preferred dividends
    (1,395 )     (1,395 )     (1,395 )     (1,395 )     (5,580 )
Income (loss) applicable to common stockholders
  $ 108,278     $ 142,812     $ 28,548     $ 19,301     $ 298,939  
Net income (loss) per share of common stock
                                       
Basic
  $ 1.73     $ 1.80     $ 0.35     $ 0.18     $ 3.65  
Diluted
  $ 1.73     $ 1.80     $ 0.35     $ 0.18     $ 3.65  
Income (loss) from discontinued operations per share of common stock
                                       
Basic
  $ -     $ -     $ -     $ -     $ -  
Diluted
  $ -     $ -     $ -     $ -     $ -  
Weighted average number of shares of common stock outstanding
                                       
Basic
    62,602       79,282       80,425       105,175       81,984  
Diluted
    62,611       79,282       80,442       105,175       81,990