Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Real estate securities, available-for-sale - Note 5 $ 59,034 $ 231,754
Real estate securities, pledged as collateral - Note 5 105,963 407,689
Real estate related and other loans, held-for-sale, net - Note 6 149,198 230,200
Residential mortgage loans, held-for-sale, net - Note 6 532 3,854
Subprime mortgage loans subject to call option - Note 6 380,806 406,217
Investments in other real estate, net of accumulated depreciation - Note 7 227,907 239,283
Intangibles, net of accumulated amortization - Note 8 74,472 84,686
Other investments 20,595 26,788
Cash and cash equivalents 45,651 73,727
Restricted cash 4,469 15,714
Receivables from brokers, dealers and clearing organizations 361,341 0
Receivables and other assets - Note 2 38,014 35,191
Assets of discontinued operations - Note 3 0 6,803
Total Assets 1,467,982 1,761,906
Liabilities    
CDO bonds payable - Note 11 92,933 227,673
Other bonds and notes payable - Note 11 16,162 27,069
Repurchase agreements - Note 11 418,458 441,176
Credit facilities and obligations under capital leases - Note 11 11,258 161,474
Financing of subprime mortgage loans subject to call option - Note 6 380,806 406,217
Junior subordinated notes payable - Note 11 51,225 51,231
Dividends payable 8,929 8,901
Membership deposit liabilities 88,205 79,678
Payables to brokers, dealers and clearing organizations 105,940 0
Accounts payable, accrued expenses and other liabilities - Note 2 83,944 99,712
Liabilities of discontinued operations - Note 3 0 447
Total Liabilities $ 1,257,860 $ 1,503,578
Commitments and contingencies - Notes 12, 13 and 14
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 December 31, 2015 and 2014 $ 61,583 $ 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 66,654,598 and 66,424,508 shares issued and outstanding at December 31, 2015 and 2014, respectively 667 664
Additional paid-in capital 3,172,370 3,172,060
Accumulated deficit (3,057,538) (3,041,880)
Accumulated other comprehensive income - Note 2 33,297 65,865
Total Newcastle Stockholders’ Equity 210,379 258,292
Noncontrolling interests (257) 36
Total Equity 210,122 258,328
Total Liabilities and Equity 1,467,982 1,761,906
Non Recourse VIE Financing Structures    
Assets    
Real estate securities, available-for-sale - Note 5 46,392 219,490
Real estate related and other loans, held-for-sale, net - Note 6 0 230,200
Subprime mortgage loans subject to call option - Note 6 380,806 406,217
Other investments 0 20,308
Restricted cash 128 11,790
Receivables and other assets - Note 2 77 1,927
Assets of discontinued operations - Note 3 0 6,803
Total Assets 427,403 899,946
Liabilities    
CDO bonds payable - Note 11 92,933 227,673
Other bonds and notes payable - Note 11 4,672 27,069
Financing of subprime mortgage loans subject to call option - Note 6 380,806 406,217
Accounts payable, accrued expenses and other liabilities - Note 2 29 2,391
Liabilities of discontinued operations - Note 3 0 447
Total Liabilities $ 478,440 $ 663,797