| 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 |
|
|