Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Real estate securities, available-for-sale - Note 6 $ 984,263 [1] $ 1,691,575 [1]
Real estate related and other loans, held-for-sale, net - Note 7 437,530 843,132
Residential mortgage loans, held-for-investment, net - Note 7 255,450 292,461
Residential mortgage loans, held-for-sale, net - Note 7 2,185 2,471
Subprime mortgage loans subject to call option - Note 7 406,217 405,814
Investments in senior housing real estate, net of accumulated depreciation - Note 9 1,362,900 162,801
Investments in other real estate, net of accumulated depreciation - Note 10 266,170 6,672
Property, Plant and Equipment, net of accumulated depreciation - Note 11 270,188   
Intangibles, net of accumulated amortization - Note 12 345,125 19,086
Goodwill - Note 12 126,686   
Other investments 25,468 24,907
Cash and cash equivalents 105,944 231,898
Restricted cash 12,366 2,064
Receivables and other assets 252,071 17,362
Assets of discontinued operations    245,069
Total Assets 4,852,563 3,945,312
Liabilities    
CDO bonds payable - Note 14 544,525 1,091,354
Other bonds and notes payable - Note 14 230,279 183,390
Repurchase agreements - Note 14 556,347 929,435
Mortgage notes payable - Note 14 1,076,828 120,525
Credit facilities, media and golf - Note 14 334,514   
Financing of subprime mortgage loans subject to call option - Note 7 406,217 405,814
Junior subordinated notes payable - Note 14 51,237 51,243
Dividends Payable 36,075 38,884
Accounts payable, accrued expenses and other liabilities 390,417 51,127
Liabilities of discontinued operations    480
Total Liabilities 3,626,439 2,872,252
Commitments and contingencies - Notes 16, 17 and 18      
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, 2013 and December 31, 2012 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 and 500,000,000 shares authorized, 351,453,495 and 172,525,645 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 3,515 1,725
Additional paid-in capital 2,970,786 1,710,083
Accumulated deficit (1,947,913) (771,095)
Accumulated other comprehensive income - Note 2 76,874 70,764
Total Newcastle Stockholders' Equity 1,164,845 1,073,060
Noncontrolling interests 61,279   
Total Equity 1,226,124 1,073,060
Total Liabilities and Equity 4,852,563 3,945,312
Non Recourse VIE Financing Structures
   
Assets    
Real estate securities, available-for-sale - Note 6 426,695 567,685
Real estate related and other loans, held-for-sale, net - Note 7 437,530 813,301
Residential mortgage loans, held-for-investment, net - Note 7 223,628 292,461
Subprime mortgage loans subject to call option - Note 7 406,217 405,814
Investments in real estate, net of accumulated depreciation 6,597 6,672
Other investments 19,308 18,883
Restricted cash 2,377 2,064
Receivables and other assets 3,727 7,535
Total Assets 1,526,079 2,114,415
Liabilities    
CDO bonds payable - Note 14 544,525 1,091,354
Other bonds and notes payable - Note 14 230,279 183,390
Repurchase agreements - Note 14    4,244
Financing of subprime mortgage loans subject to call option - Note 7 406,217 405,814
Derivative liabilities 13,795 31,576
Accounts payable, accrued expenses and other liabilities 6,766 8,365
Total Liabilities $ 1,201,582 $ 1,724,743
[1] See Note 13 regarding the estimation of fair value, which is equal to carrying value for all securities.