Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Real estate securities, available-for-sale $ 12,638 $ 59,034
Real estate securities, pledged as collateral 381,206 105,963
Real estate related and other loans, held-for-sale, net 155,075 149,198
Residential mortgage loans, held-for-sale, net 446 532
Subprime mortgage loans subject to call option 372,874 380,806
Investments in real estate, net of accumulated depreciation 225,330 227,907
Intangibles, net of accumulated amortization 72,124 74,472
Other investments 20,965 20,595
Cash and cash equivalents 32,126 45,651
Restricted cash 3,898 4,469
Receivables from brokers, dealers and clearing organizations 364,320 361,341
Receivables and other assets 39,098 38,014
Total Assets 1,680,100 1,467,982
Liabilities    
CDO bonds payable 0 92,933
Other bonds and notes payable 11,575 16,162
Repurchase agreements 420,374 418,458
Credit facilities and obligations under capital leases 11,324 11,258
Financing of subprime mortgage loans subject to call option 372,874 380,806
Junior subordinated notes payable 51,223 51,225
Dividends payable 8,929 8,929
Membership deposit liabilities 84,655 83,210
Payables to brokers, dealers and clearing organizations 381,125 105,940
Accounts payable, accrued expenses and other liabilities 85,262 88,939
Total Liabilities $ 1,427,341 $ 1,257,860
Commitments and contingencies
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 March 31, 2016 and December 31, 2015 $ 61,583 $ 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 66,654,598 shares issued and outstanding at March 31, 2016 and December 31, 2015 667 667
Additional paid-in capital 3,172,370 3,172,370
Accumulated deficit (2,993,513) (3,057,538)
Accumulated other comprehensive income 12,033 33,297
Total Newcastle Stockholders’ Equity 253,140 210,379
Noncontrolling interests (381) (257)
Total Equity 252,759 210,122
Total Liabilities and Equity $ 1,680,100 $ 1,467,982